Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of:

	As of December 31, 2014						As of December 31, 2013
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements (a)	$	259	$	59	$	200	$	272	$	52	$	220
Customer relationships (b)	167		50		117		166		35		131
Other (c)	8		3		5		2		1		1
	$	434	$	112	$	322	$	440	$	88	$	352
Unamortized Intangible Assets
Goodwill (d)	$	842					$	691
Trademarks	$	564					$	571

_________

^(a)  Primarily amortized over a period ranging from 3 to 40 years with a weighted average life of 21 years.

^(b)  Primarily amortized over a period ranging from 2 to 20 years with a weighted average life of 11 years.

^(c)  Primarily amortized over a period ranging from 3 to 27 years with a weighted average life of 9 years.

^(d)  The increase primarily relates to the acquisitions of Budget licensees, partially offset by a currency translation loss of $52 million.

Schedule of Intangible Assets Amortization Expense

Amortization expense relating to all intangible assets was as follows:

	Year Ended December 31,
	2014		2013		2012
Customer relationships	$	18	$	15	$	8
License agreements	16		12		13
Other	2		—		—
Total	$	36	$	27	$	21

Schedule of Goodwill

The carrying amounts of goodwill and related changes are as follows:

		Americas			International			Total Company
Gross goodwill as of January 1, 2013		$	1,608		$	885		$	2,493
	Accumulated impairment losses as of January 1, 2013	(1,587		)	(531		)	(2,118		)
Goodwill as of January 1, 2013		21			354			375
	Acquisitions	296			4			300
	Currency translation adjustments and other	—			16			16
Goodwill as of December 31, 2013		$	317		$	374		$	691
	Acquisitions	190			13			203
	Currency translation adjustments and other	(28		)	(24		)	(52		)
Goodwill as of December 31, 2014		$	479		$	363		$	842