Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Operating Segments

Year Ended December 31, 2022

	Americas		International		Corporate and Other (a)		Total
Revenues	$	9,474	$	2,520	$	—	$	11,994
Vehicle depreciation and lease charges, net	414		414		—		828
Vehicle interest, net	348		54		—		402
Adjusted EBITDA	3,660		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 programs	14,269		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

	Americas		International		Corporate and Other (a)		Total
Revenues	$	7,557	$	1,756	$	—	$	9,313
Vehicle depreciation and lease charges, net	851		346		—		1,197
Vehicle interest, net	258		55		—		313
Adjusted EBITDA	2,364		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 programs	11,437		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

	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.

Schedule of Reconciliation of Adjusted EBITDA to Income (Loss)

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

		For the Year Ended December 31,
		2022		2021		2020
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 charges	19		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, net	8		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:

	2022		2021
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.

Schedule of Geographic Segment Information

The geographic segment information provided below is classified based on the geographic location of our subsidiaries.

	United States		All Other Countries		Total
2022
Revenues	$	8,975	$	3,019	$	11,994
Assets exclusive of assets under vehicle programs	5,622		2,877		8,499
Assets under vehicle programs	13,514		3,914		17,428
Net long-lived assets	1,386		944		2,330
2021
Revenues	$	7,254	$	2,059	$	9,313
Assets exclusive of assets under vehicle programs	5,575		3,006		8,581
Assets under vehicle programs	10,915		3,104		14,019
Net long-lived assets	1,328		1,041		2,369
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