Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Year Ended December 31, 2024


	Americas		International		Total
Revenues	$	9,111	$	2,678	$	11,789

Significant segment expenses:
Operating (a)	4,604		1,279
Vehicle depreciation and lease charges, net	2,301		675
Selling, general and administrative	868		409
Vehicle interest, net	787		154
Reportable segment Adjusted EBITDA	$	551	$	161	$	712

Reconciliation of reportable segment Adjusted EBITDA to income (loss) before income taxes:
Non-vehicle related depreciation and amortization					234
Interest expense related to corporate debt, net					4


Long-lived asset impairment and other related charges (b)					2,470
Restructuring and other related charges					37
Transaction-related costs, net					3
Other (income) expense, net					9
Legal matters, net; cloud computing costs; and severe weather-related damages, net					77
Corporate and other (c)					505
Income (loss) before income taxes					$	(2,627)

__________

(a)Excludes legal matters, net; cloud computing costs; and severe weather-related damages, net.

(b)Includes an impairment charge of approximately $2.3 billion related to the acceleration of the rotation of our fleet and a charge of $180 million related to the write-down of the carrying value of certain vehicles held for sale within our Americas reportable segment. See Note 2 – Summary of Significant Accounting Policies – Impairment of Long-Lived Assets.

(c)Includes unallocated corporate expenses, including $354 million and $19 million in interest expense and early extinguishment of debt, respectively, which are not attributable to a particular reportable segment.

Year Ended December 31, 2023


	Americas		International		Total
Revenues	$	9,347	$	2,661	$	12,008

Significant segment expenses:
Operating (a)	4,425		1,209
Vehicle depreciation and lease charges, net	1,215		524
Selling, general and administrative	894		409
Vehicle interest, net	617		119
Reportable segment Adjusted EBITDA	$	2,196	$	400	$	2,596

Reconciliation of reportable segment Adjusted EBITDA to income (loss) before income taxes:
Non-vehicle related depreciation and amortization					215
Interest expense related to corporate debt, net					(6)


Restructuring and other related charges					11
Transaction-related costs, net					3
Other (income) expense, net					3
Legal matters, net and cloud computing costs					10
Corporate and other (b)					446
Income (loss) before income taxes					$	1,914

__________

(a)Excludes legal matters, net and cloud computing costs.

(b)Includes unallocated corporate expenses, including $302 million and $5 million in interest expense and early extinguishment of debt, respectively, which are not attributable to a particular reportable segment.

Year Ended December 31, 2022


	Americas		International		Total
Revenues	$	9,474	$	2,520	$	11,994

Significant segment expenses:
Operating (a)	4,150		1,114
Vehicle depreciation and lease charges, net	414		414
Selling, general and administrative	902		378
Vehicle interest, net	348		54
Reportable segment Adjusted EBITDA	$	3,660	$	560	$	4,220

Reconciliation of reportable segment Adjusted EBITDA to income (loss) before income taxes:
Non-vehicle related depreciation and amortization					207
Interest expense related to corporate debt, net					3


Restructuring and other related charges					18
Transaction-related costs, net					8
Other (income) expense, net					(7)
Cloud computing costs; COVID-19 charges, net; and legal matters, net					(3)
Corporate and other (b)					358
Income (loss) before income taxes					$	3,636

__________

(a)Excludes cloud computing costs; COVID-19 charges, net; and legal matters, net.

(b)Includes unallocated corporate expenses, including $247 million in interest expense, which are not attributable to a particular reportable segment.

Schedule of Geographic Segment Information

Provided below is information about our segment assets.


	Americas		International		Unallocated Assets (a)		Total
2024
Property and equipment additions	$	109	$	40	$	53	$	202
Assets exclusive of assets under vehicle programs	6,785		2,539		344		9,668
Assets under vehicle programs	16,058		3,315		—		19,373
Net long-lived assets	1,474		733		162		2,369

2023
Property and equipment additions	$	126	$	44	$	103	$	273
Assets exclusive of assets under vehicle programs	6,533		2,633		424		9,590
Assets under vehicle programs	19,285		3,694		—		22,979
Net long-lived assets	1,483		795		210		2,488

2022
Property and equipment additions	$	117	$	33	$	96	$	246
Assets exclusive of assets under vehicle programs	5,798		2,402		299		8,499
Assets under vehicle programs	14,269		3,159		—		17,428
Net long-lived assets	1,446		761		123		2,330

__________

(a)Includes unallocated corporate assets which are not attributable to a particular reportable segment.

Provided below is information classified based on the geographic location of our subsidiaries.


	United States		All Other Countries		Total
2024
Revenues	$	8,583	$	3,206	$	11,789
Assets exclusive of assets under vehicle programs	6,720		2,948		9,668
Assets under vehicle programs	15,295		4,078		19,373
Net long-lived assets	1,465		904		2,369

2023
Revenues	$	8,775	$	3,233	$	12,008
Assets exclusive of assets under vehicle programs	6,460		3,130		9,590
Assets under vehicle programs	18,228		4,751		22,979
Net long-lived assets	1,507		981		2,488

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