Segment Information

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s chief operating decision maker assesses performance and allocates resources based upon the separate financial information from the Company’s operating segments. In identifying its reportable segments, the Company considered the nature of services provided, the geographical areas in which the segments operated and other relevant factors. The Company aggregates certain of its operating segments into its reportable segments.

Management evaluates the operating results of each of its reportable segments based upon revenue and “Adjusted EBITDA,” which the Company defines as income from continuing operations before non-vehicle related depreciation and amortization, any impairment charge, restructuring expense, early extinguishment of debt costs, non-vehicle related interest, transaction-related costs, charges for unprecedented personal-injury legal matters and income taxes. The Company’s presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies.

			Three Months Ended March 31,
			2017					2016
			Revenues		Adjusted EBITDA			Revenues		Adjusted EBITDA
Americas			$	1,314	$	(20	)	$	1,364	$	63
International			525		7			517		1
Corporate and Other (a)			—		(14		)	—		(20		)
	Total Company		$	1,839	(27		)	$	1,881	44
Less:		Non-vehicle related depreciation and amortization			63					61
		Interest expense related to corporate debt, net			49					50
		Early extinguishment of debt			3					—
		Restructuring expense			7					15
		Transaction-related costs, net			3					4
		Charges for legal matter (b)			13					—
Loss before income taxes					$	(165	)			$	(86	)

__________

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

^(b)  Reported within operating expenses in our Consolidated Condensed Statements of Comprehensive Income.

Since December 31, 2016, there have been no significant changes in segment assets and segment assets under vehicle programs.