Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Summary of Operating Segments

Year Ended December 31, 2020

	Americas		International		Corporate and Other (a)		Total
Revenues	$	3,965	$	1,437	$	—	$	5,402
Vehicle depreciation and lease charges, net	968		400		—		1,368
Vehicle interest, net	274		44		—		318
Adjusted EBITDA	72		(202)		(45)		(175)
Non-vehicle depreciation and amortization	185		91		10		286
Assets exclusive of assets under vehicle programs	5,510		2,754		101		8,365
Assets under vehicle programs	7,155		2,018		—		9,173
Capital expenditures (excluding vehicles)	65		29		—		94

__________ 

(a)Primarily represents unallocated corporate expenses and receivables from our former subsidiaries.

Year Ended December 31, 2019

	Americas		International		Corporate and Other (a)		Total
Revenues	$	6,352	$	2,820	$	—	$	9,172
Vehicle depreciation and lease charges, net	1,462		601		—		2,063
Vehicle interest, net	284		60		—		344
Adjusted EBITDA	652		203		(67)		788
Non-vehicle depreciation and amortization	161		94		8		263
Assets exclusive of assets under vehicle programs	6,226		2,995		90		9,311
Assets under vehicle programs	10,508		3,307		—		13,815
Capital expenditures (excluding vehicles)	162		62		26		250

__________ 

(a)Primarily represents unallocated corporate expenses and receivables from our former subsidiaries.

Year Ended December 31, 2018 

	Americas		International		Corporate and Other (a)		Total
Revenues	$	6,186	$	2,938	$	—	$	9,124
Vehicle depreciation and lease charges, net	1,568		611		—		2,179
Vehicle interest, net	252		62		—		314
Adjusted EBITDA	558		287		(64)		781
Non-vehicle depreciation and amortization	152		104		—		256
Assets exclusive of assets under vehicle programs	3,782		2,495		93		6,370
Assets under vehicle programs	9,670		3,109		—		12,779
Capital expenditures (excluding vehicles)	134		76		21		231

__________ 

(a)Primarily represents unallocated corporate expenses and receivables from our former subsidiaries.

Reconciliation of Adjusted EBITDA to Income (Loss)

Provided below is a reconciliation of Adjusted EBITDA to income before income taxes.

		For the Year Ended December 31,
		2020		2019		2018
Adjusted EBITDA		$	(175)	$	788	$	781
Less: Non-vehicle related depreciation and amortization (a)		286		263		256
	Interest expense related to corporate debt, net	231		178		188
	Early extinguishment of corporate debt	9		12		19
	COVID-19 charges (b)	122		—		—
	Restructuring and other related charges	118		80		22
	Unprecedented personal-injury and other legal matters, net (c)	8		—		—
	Non-operational charges related to shareholder activist activity (d)	4		2		9
	Transaction-related costs, net	3		10		20
	Gain on sale of equity method investment in China (c)	—		(44)		—
Income before income taxes		$	(956)	$	287	$	267

__________ 

(a)    Includes amortization of intangible assets recognized in purchase accounting of $66 million in 2020, $56 million in 2019 and $61 million in 2018.

(b)    Includes $116 million within operating expenses, $5 million within selling, general and administrative expenses and $1 million within vehicle depreciation and lease charges, net in our Consolidated Statements of Operations. Primarily consisting of $60 million of minimum annual guaranteed rent in excess of concession fees, $48 million of incremental cleaning supplies to sanitize vehicles and facilities, overflow parking for idle vehicles and related shuttling costs and other charges, and $14 million of losses associated with vehicles damaged in overflow parking lots, net of insurance proceeds.

(c)    Reported within operating expenses in our Consolidated Statements of Operations.

(d)    Reported within selling, general and administrative expenses in our Consolidated Statements of Operations.

Summary of Geographic Segment Information

The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries. 

	United States		All Other Countries		Total
2020
Revenues	$	3,758	$	1,644	$	5,402
Assets exclusive of assets under vehicle programs	5,262		3,103		8,365
Assets under vehicle programs	6,797		2,376		9,173
Net long-lived assets	1,421		1,147		2,568
2019
Revenues	$	5,867	$	3,305	$	9,172
Assets exclusive of assets under vehicle programs	5,830		3,481		9,311
Assets under vehicle programs	9,824		3,991		13,815
Net long-lived assets	1,536		1,155		2,691
2018
Revenues	$	5,708	$	3,416	$	9,124
Assets exclusive of assets under vehicle programs	3,494		2,876		6,370
Assets under vehicle programs	9,021		3,758		12,779
Net long-lived assets	1,476		1,177		2,653