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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Our chief executive officer, who also serves as our chief operating decision-maker (“CODM,”) assesses performance and allocates resources based upon the separate financial information of our operating segments. We aggregate certain of our operating segments into our reportable segments. In identifying our reportable segments, we also consider the management structure of the organization, the nature of services provided by our operating segments, the geographical areas and economic characteristics in which the segments operate, and other relevant factors.

Our CODM evaluates the operating results of each of our reportable segments based upon revenues and Adjusted EBITDA, which we define as income (loss) from continuing operations before non-vehicle related depreciation and amortization; long-lived asset impairment and other related charges; other fleet charges; restructuring and other related charges; early extinguishment of debt costs; non-vehicle related interest; transaction-related costs, net; legal matters, net, which includes amounts recorded in excess of $5 million, related primarily to unprecedented self-insurance reserves for allocated loss adjustment expense, class action lawsuits and personal injury matters; non-operational charges related to shareholder activist activity, which includes third-party advisory, legal and other professional fees; COVID-19 charges, net; cloud computing costs; other (income) expense, net; severe weather-related damages in excess of $5 million, net of insurance proceeds; and income taxes. We have revised our definition of Adjusted EBITDA to exclude other fleet charges. We did not revise prior years' Adjusted EBITDA amounts because there were no other charges similar in nature to these.

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. Adjusted EBITDA is a non-GAAP measure and should not be considered in isolation or as a substitute for net income or other income statement data prepared in accordance with U.S. GAAP.
Provided below is information about our revenues, significant segment expenses, reportable segment Adjusted EBITDA, and a reconciliation of reportable segment Adjusted EBITDA to loss before income taxes.

Three Months Ended March 31, 2025
AmericasInternationalTotal
Revenues$1,907 $523 $2,430 
Significant segment expenses:
Operating (a)
1,064 274 
Vehicle depreciation and lease charges, net (b)
533 132 
Selling, general and administrative200 87 
Vehicle interest, net177 33 
Reportable segment Adjusted EBITDA$(67)$(3)$(70)
Reconciliation of reportable segment Adjusted EBITDA to loss before income taxes:
Non-vehicle related depreciation and amortization55 
Interest expense related to corporate debt, net2 
Other fleet charges390 
Restructuring and other related charges22 
Other (income) expense, net6 
Cloud computing costs1 
Corporate and other (c)
131 
Loss before income taxes$(677)
__________
(a)Excludes cloud computing costs.
(b)Excludes other fleet charges related to the accelerated disposal of certain fleet in our Americas reportable segment. These costs relate to vehicles that were not included in the long-lived asset impairment and other related charges recorded in the year ended December 31, 2024.
(c)Includes unallocated corporate expenses, including $95 million in interest expense, which are not attributable to a particular reportable segment.
Three Months Ended March 31, 2024
AmericasInternationalTotal
Revenues$1,993 $558 $2,551 
Significant segment expenses:
Operating (a)
1,052 289 
Vehicle depreciation and lease charges, net487 149 
Selling, general and administrative207 99 
Vehicle interest, net203 36 
Reportable segment Adjusted EBITDA$44 $(15)$29 
Reconciliation of reportable segment Adjusted EBITDA to loss before income taxes:
Non-vehicle related depreciation and amortization$57 
Interest expense related to corporate debt, net2 
Restructuring and other related charges3 
Transaction-related costs, net1 
Other (income) expense, net1 
Legal matters, net and cloud computing costs(3)
Corporate and other (b)
110 
Loss before income taxes$(142)
__________
(a)Excludes legal matters, net and cloud computing costs.
(b)Includes unallocated corporate expenses, including $81 million in interest expense, which are not attributable to a particular reportable segment.

Provided below is information about our segment assets.

AmericasInternational
Unallocated Assets (a)
Total
Three Months Ended March 31, 2025
Property and equipment additions$14 $6 $14 $34 
As of March 31, 2025
Assets exclusive of assets under vehicle programs6,876 2,608 346 9,830 
Assets under vehicle programs15,851 3,363 — 19,214 
Net long-lived assets1,458 753 164 2,375 
Year Ended December 31, 2024
Property and equipment additions$109 $40 $53 $202 
As of December 31, 2024
Assets exclusive of assets under vehicle programs6,785 2,539 344 9,668 
Assets under vehicle programs16,058 3,315 — 19,373 
Net long-lived assets1,474 733 162 2,369 
__________ 
(a)Includes unallocated corporate assets which are not attributable to a particular reportable segment.