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Stockholders' Equity
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Cash Dividend Payments
During 2016, 2015 and 2014, the Company did not declare or pay any cash dividends. The Company’s ability to pay dividends to holders of its common stock is limited by the Company’s senior credit facility, the indentures governing its senior notes and its vehicle financing programs.
Share Repurchases
The Company’s Board of Directors has authorized the repurchase of up to approximately $1.5 billion of its common stock under a plan originally approved in 2013 and subsequently expanded, most recently in 2016. During 2016, 2015 and 2014, the Company repurchased approximately 27 million shares of common stock at a cost of $1.1 billion under the program. As of December 31, 2016, approximately $300 million of authorization remained available to repurchase common stock under this plan.
Convertible Note
In October 2009, the Company issued 3½% Convertible Senior Notes due October 2014.
In October 2014, the $66 million of outstanding Convertible Notes that had not been repurchased by the Company between issuance and maturity were converted into approximately 4.0 million shares of the Company’s common stock at the initial conversion rate of 61.5385 shares of common stock per $1,000 principal amount.
Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) are as follows:
 
Currency Translation
 Adjustments
 
Net Unrealized Gains (Losses) on Cash Flow Hedges (a)
 
Net Unrealized Gains (Losses) on Available-For-Sale Securities
 
Minimum Pension Liability 
Adjustment (b)
 
Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2014
$
166

 
$
1

 
$
2

 
$
(52
)
 
$
117

Other comprehensive income (loss) before reclassifications
(115
)
 
(7
)
 
—

 
(24
)
 
(146
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
5

 
—

 
2

 
7

Net current-period other comprehensive income (loss)
(115
)
 
(2
)
 
—

 
(22
)
 
(139
)
Balance, December 31, 2014
51

 
(1
)
 
2

 
(74
)
 
(22
)
Other comprehensive income (loss) before reclassifications
(131
)
 
(6
)
 
(2
)
 
6

 
(133
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
5

 
—

 
3

 
8

Net current-period other comprehensive income (loss)
(131
)
 
(1
)
 
(2
)
 
9

 
(125
)
Balance, December 31, 2015
(80
)
 
(2
)
 
—

 
(65
)
 
(147
)
Other comprehensive income (loss) before reclassifications
41

 
—

 
1

 
(57
)
 
(15
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
4

 
—

 
4

 
8

Net current-period other comprehensive income (loss)
41

 
4

 
1

 
(53
)
 
(7
)
Balance, December 31, 2016
$
(39
)
 
$
2

 
$
1

 
$
(118
)
 
$
(154
)

 __________
All components of accumulated other comprehensive income (loss) are net of tax, except currency translation adjustments, which exclude income taxes related to indefinite investments in foreign subsidiaries and include an $83 million gain, net of tax, related to the Company’s hedge of its investment in Euro-denominated foreign operations (See Note 18-Financial Instruments).
(a) 
For the years ended December 31, 2016, 2015 and 2014, the amounts reclassified from accumulated other comprehensive income (loss) into corporate interest expense were $6 million ($4 million, net of tax), $7 million ($4 million, net of tax) and $8 million ($5 million, net of tax), respectively. For the years ended December 31, 2016 and 2015, amounts reclassified from accumulated comprehensive income (loss) into vehicle interest expense were $1 million ($0 million, net of tax) and $1 million ($1 million, net of tax), respectively.
(b) 
For the years ended December 31, 2016, 2015 and 2014, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $6 million ($4 million, net of tax), $5 million ($3 million, net of tax) and $3 million ($2 million, net of tax), respectively.