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Segment Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information
Our chief operating decision-maker assesses performance and allocates resources based upon the separate financial information of our operating segments. In identifying our reportable segments, we also consider the nature of services provided by our operating segments, the geographical areas in which the segments operate and other relevant factors. We aggregate certain of our operating segments into our reportable segments.
Management evaluates the operating results of each of our reportable segments based upon revenues and “Adjusted EBITDA,” which we define as income 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 fees; COVID-19 charges, net; other (income)
expense, net; and income taxes.
We revised our definition of Adjusted EBITDA to exclude other (income) expense, net. We did not revise prior years' Adjusted EBITDA because there were no other charges similar in nature. We believe Adjusted EBITDA is useful as a supplemental measure in evaluating the performance of our operating businesses and in comparing our results from period to period. We also believe that Adjusted EBITDA is useful to investors because it allows them to assess our results of operations and financial condition on the same basis that management uses internally. Our presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies.

Year Ended December 31, 2022
AmericasInternational
Corporate
and Other (a)
Total
Revenues$9,474 $2,520 $— $11,994 
Vehicle depreciation and lease charges, net
414 414 — 828 
Vehicle interest, net348 54 — 402 
Adjusted EBITDA3,660 560 (87)4,133 
Non-vehicle depreciation and amortization
141 66 18 225 
Assets exclusive of assets under vehicle programs
5,798 2,402 299 8,499 
Assets under vehicle programs14,269 3,159 — 17,428 
Capital expenditures (excluding vehicles)
117 33 96 246 
__________ 
(a)Primarily represents unallocated corporate expenses and receivables from our former subsidiaries.
Year Ended December 31, 2021
AmericasInternational
Corporate
and Other (a)
Total
Revenues$7,557 $1,756 $— $9,313 
Vehicle depreciation and lease charges, net
851 346 — 1,197 
Vehicle interest, net258 55 — 313 
Adjusted EBITDA2,364 118 (71)2,411 
Non-vehicle depreciation and amortization
178 84 10 272 
Assets exclusive of assets under vehicle programs
5,746 2,716 119 8,581 
Assets under vehicle programs11,437 2,582 — 14,019 
Capital expenditures (excluding vehicles)
74 26 8 108 
__________ 
(a)Primarily represents unallocated corporate expenses and receivables from our former subsidiaries.
Year Ended December 31, 2020
AmericasInternational
Corporate
and Other (a)
Total
Revenues$3,965 $1,437 $— $5,402 
Vehicle depreciation and lease charges, net
968 400 — 1,368 
Vehicle interest, net274 44 — 318 
Adjusted EBITDA72 (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 programs7,155 2,018 — 9,173 
Capital expenditures (excluding vehicles)
65 29 — 94 
__________ 
(a)Primarily represents unallocated corporate expenses and receivables from our former subsidiaries.
Provided below is a reconciliation of Adjusted EBITDA to income (loss) before income taxes.
For the Year Ended December 31,
202220212020
Adjusted EBITDA$4,133 $2,411 $(175)
Less:
Non-vehicle related depreciation and amortization (a)
235 279 286 
Interest expense related to corporate debt, net
Interest expense 250 218 231 
Early extinguishment of debt— 136 9 
COVID-19 charges (b)
(9)(2)122 
Restructuring and other related charges19 64 118 
Non-operational charges related to shareholder activist activity (c)
— 3 8 
Unprecedented personal-injury and other legal matters, net (d)
1 — 4 
Transaction-related costs, net8 5 3 
Other (income) expense, net(7)— — 
Income (loss) before income taxes$3,636 $1,708 $(956)
__________ 
(a)    Includes amortization of intangible assets recognized in purchase accounting of $43 million in 2022, $66 million in 2021 and $66 million in 2020. Includes operating expenses in our Consolidated Statements of Operations related to cloud computing costs of $10 million and $7 million in 2022 and 2021, respectively.
(b)    The following table presents the unusual, direct and incremental costs due to the COVID-19 pandemic:
20222021
Minimum annual guaranteed rent in excess of concession fees, net$(9)$(2)
Vehicles damaged in overflow parking lots, net of insurance proceeds— (7)
Other charges— 7 
Operating expenses$(9)$(3)
Selling, general and administrative expenses— 1 
COVID-19 charges, net$(9)$(2)
(c)    Reported within selling, general and administrative expenses in our Consolidated Statements of Operations.
(d)    Reported within operating expenses on our Consolidated Statements of Operations.
The geographic segment information provided below is classified based on the geographic location of our subsidiaries.
United StatesAll Other CountriesTotal
2022
Revenues$8,975 $3,019 $11,994 
Assets exclusive of assets under vehicle programs5,622 2,877 8,499 
Assets under vehicle programs13,514 3,914 17,428 
Net long-lived assets1,386 944 2,330 
2021
Revenues$7,254 $2,059 $9,313 
Assets exclusive of assets under vehicle programs5,575 3,006 8,581 
Assets under vehicle programs10,915 3,104 14,019 
Net long-lived assets1,328 1,041 2,369 
2020
Revenues$3,758 $1,644 $5,402 
Assets exclusive of assets under vehicle programs5,262 3,103 8,365 
Assets under vehicle programs6,797 2,376 9,173 
Net long-lived assets1,421 1,147 2,568