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Segment Information (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Summary Of Segments Information
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
2014
 
2013
 
 
 
 
Revenues
 
Adjusted EBITDA
 
Revenues (a)
 
Adjusted EBITDA (b)
North America
$
4,286

 
$
526

 
$
3,877

 
$
434

International
2,033

 
234

 
1,923

 
224

Truck Rental
279

 
29

 
287

 
31

Corporate and Other (c)

 
(42
)
 

 
(35
)
 
Total Company
$
6,598

 
747

 
$
6,087

 
654

 
 
 
 
 
 
 
 
 
 
 
Less:
Non-vehicle related depreciation and amortization
 
132

 
 
 
109

 
 
Interest expense related to corporate debt, net:
 
 
 
 
 
 
 
 
 
Interest expense
 
 
161

 
 
 
170

 
 
 
Early extinguishment of debt
 
 
56

 
 
 
131

 
 
Transaction-related costs
 
 
23

 
 
 
37

 
 
Restructuring expense
 
 
16

 
 
 
39

 
 
Impairment
 
 

 
 
 
33

Income before income taxes
 
 
$
359

 
 
 
$
135


__________
(a) 
Previously reported amounts were recast for a change in the Company’s reportable segments, decreasing North America revenues and increasing International revenues by $28 million in the nine months ended September 30, 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 $6 million, $14 million and $19 million, respectively, and a change in the Company’s reportable segments, which resulted in an increase in North America Adjusted EBITDA and a decrease in International Adjusted EBITDA by $1 million in the nine months ended September 30, 2013.
 
 
 
 
Three Months Ended September 30,
 
 
 
 
2014
 
2013
 
 
 
 
Revenues
 
Adjusted EBITDA
 
Revenues (a)
 
Adjusted EBITDA (b)
North America
$
1,623

 
$
255

 
$
1,500

 
$
226

International
815

 
160

 
786

 
149

Truck Rental
104

 
18

 
109

 
19

Corporate and Other (c)

 
(16
)
 

 
(11
)
 
Total Company
$
2,542

 
417

 
$
2,395

 
383

 
 
 
 
 
 


 
 
 


Less:
Non-vehicle related depreciation and amortization
 
46

 
 
 
39

 
 
Interest expense related to corporate debt, net:
 

 
 
 

 
 
 
Interest expense
 
 
50

 
 
 
57

 
 
 
Early extinguishment of debt
 
 

 
 
 

 
 
Transaction-related costs
 
 
7

 
 
 
10

 
 
Restructuring expense
 
 
8

 
 
 
14

 
 
Impairment
 
 

 
 
 
33

Income before income taxes
 
 
$
306

 
 
 
$
230

__________
(a)
Previously reported amounts were recast for a change in the Company’s reportable segments, decreasing North America revenues and increasing International revenues by $13 million in the three months ended September 30, 2013.
(b) 
Amounts reflect a revision to the 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, $5 million and $6 million, respectively, in the three months ended September 30, 2013. The change in the Company’s reportable segments had no effect on Adjusted EBITDA for the three months ended September 30, 2013.
(c) 
Includes unallocated corporate overhead which is not attributable to a particular segment.
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
2014
 
2013
 
 
 
 
Revenues
 
Adjusted EBITDA
 
Revenues (a)
 
Adjusted EBITDA (b)
North America
$
4,286

 
$
526

 
$
3,877

 
$
434

International
2,033

 
234

 
1,923

 
224

Truck Rental
279

 
29

 
287

 
31

Corporate and Other (c)

 
(42
)
 

 
(35
)
 
Total Company
$
6,598

 
747

 
$
6,087

 
654

 
 
 
 
 
 
 
 
 
 
 
Less:
Non-vehicle related depreciation and amortization
 
132

 
 
 
109

 
 
Interest expense related to corporate debt, net:
 
 
 
 
 
 
 
 
 
Interest expense
 
 
161

 
 
 
170

 
 
 
Early extinguishment of debt
 
 
56

 
 
 
131

 
 
Transaction-related costs
 
 
23

 
 
 
37

 
 
Restructuring expense
 
 
16

 
 
 
39

 
 
Impairment
 
 

 
 
 
33

Income before income taxes
 
 
$
359

 
 
 
$
135