Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Summary of Operating Segments

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.

Year Ended December 31, 2019

	Americas		International		Corporate and Other (a)		Total
Revenues	$	6,352	$	2,820	$	—	$	9,172
Vehicle depreciation and lease charges, net	1,462		601		—		2,063
Vehicle interest, net	284		60		—		344
Adjusted EBITDA	652		203		(67)		788
Non-vehicle depreciation and amortization	161		94		8		263
Assets exclusive of assets under vehicle programs	6,226		2,995		90		9,311
Assets under vehicle programs	10,508		3,307		—		13,815
Capital expenditures (excluding vehicles)	162		62		26		250

__________ 

(a)Primarily represents unallocated corporate expenses and receivables from our former subsidiaries.

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,
		2021		2020		2019
Adjusted EBITDA		$	2,411	$	(175)	$	788
Less:
	Non-vehicle related depreciation and amortization (a)	279		286		263
	Interest expense related to corporate debt, net
	Interest expense	218		231		178
	Early extinguishment of debt	136		9		12
	COVID-19 charges (b)	(2)		122		—
	Restructuring and other related charges	64		118		80
	Unprecedented personal-injury and other legal matters, net (c)	3		8		—
	Non-operational charges related to shareholder activist activity (d)	—		4		2
	Transaction-related costs, net	5		3		10
	Gain on sale of equity method investment in China (c)	—		—		(44)
Income (loss) before income taxes		$	1,708	$	(956)	$	287

__________ 

(a)    Includes amortization of intangible assets recognized in purchase accounting of $66 million in 2021, $66 million in 2020 and $56 million in 2019. Includes operating expenses in our Consolidated Statement of Operations related to cloud computing costs of $7 million in 2021.

(b)    The following table presents the unusual, direct and incremental costs due to the COVID-19 pandemic:

	2021		2020
Minimum annual guaranteed rent in excess of concession fees, net	$	(2)	$	60
Vehicles damaged in overflow parking lots, net of insurance proceeds	(7)		14
Incremental cleaning supplies to sanitize vehicles and facilities, and over flow parking for idle vehicles	—		48
Other charges	7		—
Operating expenses	$	(3)	$	116
Vehicle depreciation and lease charges	—		1
Selling, general and administrative expenses	1		5
COVID-19 charges, net	$	(2)	$	122

(c)    Reported within operating expenses in our Consolidated Statements of Operations.

(d)    Reported within selling, general and administrative expenses in our Consolidated Statements of Operations.

Summary 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
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
2019
Revenues	$	5,867	$	3,305	$	9,172
Assets exclusive of assets under vehicle programs	5,830		3,481		9,311
Assets under vehicle programs	9,824		3,991		13,815
Net long-lived assets	1,536		1,155		2,691