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Segment Information
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
Our chief operating decision-maker assesses performance and allocates resources based upon the separate financial information from each of our operating segments. In identifying our reportable segments, we considered the nature of services provided, the geographical areas in which the segments operated and other relevant factors. We aggregate certain of our operating segments into our reportable segments.

Management evaluates the operating results of each of its reportable segments based upon revenues and “Adjusted EBITDA,” which we define as income (loss) from continuing operations before non-vehicle related depreciation and amortization, any impairment charges, restructuring and other related charges, early extinguishment of debt costs, non-vehicle related interest, transaction-related costs, net, charges for unprecedented personal-injury and other legal matters, net, which includes amounts recorded in excess of $5 million related to class action lawsuits, non-operational charges related to shareholder activist activity, which include third party advisory, legal and other professional service fees, COVID-19 charges and income taxes. COVID-19 charges include unusual, direct and incremental costs due to the COVID-19 pandemic such as minimum annual guaranteed rent in excess of concession fees for the period, overflow parking for idle vehicles and related shuttling costs, incremental cleaning supplies to sanitize vehicles and facilities, and losses associated with vehicles damaged in overflow parking lots, net of insurance proceeds. Our presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies.
 Three Months Ended March 31,
 20222021
RevenuesAdjusted EBITDARevenuesAdjusted EBITDA
Americas$2,000 $810 $1,080 $108 
International432 23 292 (50)
Corporate and Other (a)
— (23)— (11)
Total Company$2,432 $810 $1,372 $47 
Reconciliation of Adjusted EBITDA to income (loss) before income taxes:
20222021
Adjusted EBITDA$810 $47 
Less:
Non-vehicle related depreciation and amortization (b)
60 68 
Interest expense related to corporate debt, net:
Interest expense53 61 
Early extinguishment of debt— 129 
Restructuring and other related charges20 
Unprecedented personal-injury and other legal
   matters, net (c)
— 
Transaction-related costs, net— 
COVID-19 charges (d)
(7)18 
Income (loss) before income taxes$695 $(250)
__________
(a)Includes unallocated corporate overhead which is not attributable to a particular segment.
(b)For the three months ended March 31, 2022, includes operating expenses in our Consolidated Condensed Statements of Operations related to cloud computing costs of $2 million.
(c)Reported within operating expenses.
(d)The following table presents the unusual, direct and incremental costs due to the COVID-19 pandemic:
20222021
Minimum annual guaranteed rent in excess of concession fees, net$(7)$19 
Vehicles damaged in overflow parking lots, net of insurance proceeds— (6)
Other charges— 
Operating expenses$(7)$17 
Selling, general and administrative expenses$— $
COVID-19 charges, net$(7)$18 

Since December 31, 2021, there have been no significant changes in segment assets exclusive of assets under vehicle programs. As of March 31, 2022 and December 31, 2021, Americas’ segment assets under vehicle programs were approximately $12.7 billion and $11.4 billion, respectively. The changes in assets under vehicle programs is primarily due to the increase in the size of our vehicle rental fleet to meet increases in rental demand.