Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Summary Of Segments Information

				Three Months Ended March 31,
				2014					2013
				Revenues		Adjusted EBITDA			Revenues (a)		Adjusted EBITDA (b)
North America				$	1,236	$	114		$	1,098	$	93
International				551		17			517		17
Truck Rental				75		(2		)	76		(5		)
Corporate and Other (c)				—		(12		)	—		(12		)
	Total Company			$	1,862	117			$	1,691	93
Less:		Non-vehicle related depreciation and amortization				41					34
		Interest expense related to corporate debt, net:
			Interest expense			56					58
			Early extinguishment of debt			—					40
		Transaction-related costs (d)				8					8
		Restructuring expense				7					10
Income (loss) before income taxes						$	5				$	(57	)

__________

^(a) Amounts reflect the Company’s realignment of its operating segments (see Note 1 - Basis of Presentation for details). As a result, previously reported amounts were recast decreasing North America revenues and increasing International revenues by $2 million in the three months ended March 31, 2013.

^(b)  Amounts reflect the revised definition of Adjusted EBITDA to exclude restructuring expense, which resulted in an increase in Adjusted EBITDA in North America, International and Truck Rental of $3 million, $3 million and $4 million, respectively, in the three months ended March 31, 2013. The realignment of the Company's operating segments had no effect on Adjusted EBITDA for the three months ended March 31, 2013.

^(c)  Includes unallocated corporate overhead which is not attributable to a particular segment.

^(d)  During the three months ended March 31, 2014, transaction-related costs primarily comprised of a non-cash charge for re-acquired license rights and acquisition integration expenses. During the three months ended March 31, 2013, transaction-related costs primarily related to the integration of Avis Europe and the acquisition of Zipcar.