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Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2015
Segment Reporting [Abstract] |
Segment Information |
| Segment Information
The Company’s chief operating decision maker assesses performance and allocates resources based upon the separate financial information from the Company’s operating segments. In identifying its reportable segments, the Company considered the nature of services provided, the geographical areas in which the segments operated and other relevant factors. The Company aggregates certain of its operating segments into its reportable segments. Management evaluates the operating results of each of its reportable segments based upon revenue and “Adjusted EBITDA,” which the Company defines as income from continuing operations before non-vehicle related depreciation and amortization, any impairment charge, restructuring expense, early extinguishment of debt costs, non-vehicle related interest, transaction-related costs and income taxes. The Company’s presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies. Year Ended December 31, 2015
| Americas |  | International |  | Corporate and Other (a) |  | Total
Net revenues | $ | 6,069 |  |  | $ | 2,433 |  |  | $ | — |  |  | $ | 8,502 |
Vehicle depreciation and lease charges, net | 1,478 |  |  | 455 |  |  | — |  |  | 1,933 |
Vehicle interest, net | 234 |  |  | 55 |  |  | — |  |  | 289 |
Adjusted EBITDA | 682 |  |  | 277 |  |  | (56 | ) |  | 903 |
Non-vehicle depreciation and amortization | 143 |  |  | 75 |  |  | — |  |  | 218 |
Assets exclusive of assets under vehicle programs | 3,940 |  |  | 1,901 |  |  | 77 |  |  | 5,918 |
Assets under vehicle programs | 9,440 |  |  | 2,276 |  |  | — |  |  | 11,716 |
Capital expenditures (excluding vehicles) | 131 |  |  | 68 |  |  | — |  |  | 199 |
__________
(a) | Primarily represents unallocated corporate overhead and receivables from our former subsidiaries.
Year Ended December 31, 2014
| Americas |  | International |  | Corporate and Other (a) |  | Total
Net revenues | $ | 5,961 |  |  | $ | 2,524 |  |  | $ | — |  |  | $ | 8,485 |
Vehicle depreciation and lease charges, net | 1,492 |  |  | 504 |  |  | — |  |  | 1,996 |
Vehicle interest, net | 234 |  |  | 48 |  |  | — |  |  | 282 |
Adjusted EBITDA | 656 |  |  | 280 |  |  | (60 | ) |  | 876 |
Non-vehicle depreciation and amortization | 122 |  |  | 58 |  |  | — |  |  | 180 |
Assets exclusive of assets under vehicle programs | 3,946 |  |  | 1,730 |  |  | 108 |  |  | 5,784 |
Assets under vehicle programs | 9,162 |  |  | 1,896 |  |  | — |  |  | 11,058 |
Capital expenditures (excluding vehicles) | 113 |  |  | 69 |  |  | — |  |  | 182 |
__________
(a) | Primarily represents unallocated corporate overhead and receivables from our former subsidiaries.
Year Ended December 31, 2013
| Americas |  | International |  | Corporate and Other (a) |  | Total
Net revenues | $ | 5,480 |  |  | $ | 2,457 |  |  | $ | — |  |  | $ | 7,937 |
Vehicle depreciation and lease charges, net | 1,315 |  |  | 496 |  |  | — |  |  | 1,811 |
Vehicle interest, net | 216 |  |  | 48 |  |  | — |  |  | 264 |
Adjusted EBITDA | 560 |  |  | 256 |  |  | (47 | ) |  | 769 |
Non-vehicle depreciation and amortization | 103 |  |  | 49 |  |  | — |  |  | 152 |
Assets exclusive of assets under vehicle programs | 3,797 |  |  | 1,749 |  |  | 152 |  |  | 5,698 |
Assets under vehicle programs | 8,357 |  |  | 2,095 |  |  | — |  |  | 10,452 |
Capital expenditures (excluding vehicles) | 99 |  |  | 53 |  |  | — |  |  | 152 |
__________
(a) | Primarily represents unallocated corporate overhead and receivables from our former subsidiaries.
Provided below is a reconciliation of Adjusted EBITDA to income before income taxes.
|  | For the Year Ended December 31,
|  | 2015 |  | 2014 |  | 2013
Adjusted EBITDA | $ | 903 |  |  | $ | 876 |  |  | $ | 769 |
Less: Non-vehicle related depreciation and amortization | 218 |  |  | 180 |  |  | 152 |
| Interest expense related to corporate debt, net | 194 |  |  | 209 |  |  | 228 |
| Early extinguishment of corporate debt | 23 |  |  | 56 |  |  | 147 |
| Transaction-related costs, net | 68 |  |  | 13 |  |  | 51 |
| Restructuring expense | 18 |  |  | 26 |  |  | 61 |
| Impairment | — |  |  | — |  |  | 33 |
Income before income taxes | $ | 382 |  |  | $ | 392 |  |  | $ | 97 |
The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
| United States |  | All Other Countries |  | Total
2015 |  |  |  |  |
Net revenues | $ | 5,635 |  |  | $ | 2,867 |  |  | $ | 8,502 |
Assets exclusive of assets under vehicle programs | 3,677 |  |  | 2,241 |  |  | 5,918 |
Assets under vehicle programs | 8,786 |  |  | 2,930 |  |  | 11,716 |
Net long-lived assets | 1,502 |  |  | 1,069 |  |  | 2,571 |
2014 |  |  |  |  |
Net revenues | $ | 5,471 |  |  | $ | 3,014 |  |  | $ | 8,485 |
Assets exclusive of assets under vehicle programs | 3,745 |  |  | 2,039 |  |  | 5,784 |
Assets under vehicle programs | 8,428 |  |  | 2,630 |  |  | 11,058 |
Net long-lived assets | 1,481 |  |  | 885 |  |  | 2,366 |
2013 |  |  |  |  |
Net revenues | $ | 5,030 |  |  | $ | 2,907 |  |  | $ | 7,937 |
Assets exclusive of assets under vehicle programs | 3,608 |  |  | 2,090 |  |  | 5,698 |
Assets under vehicle programs | 7,791 |  |  | 2,661 |  |  | 10,452 |
Net long-lived assets | 1,281 |  |  | 947 |  |  | 2,228 |
The financial data presented has been retrospectively adjusted to reflect the impact of a change in accounting principle related to the presentation of debt issuance costs described in Note 2-Summary of Significant Accounting Policies, as follows.
| United States |  | All Other Countries |  | Total
For the Year Ended December 31, 2014 |  |  |  |  |
Assets exclusive of assets under vehicle programs decreased | $114 |  | $13 |  | $127
For the Year Ended December 31, 2013 |  |  |  |  |
Assets exclusive of assets under vehicle programs decreased | 121 |  | 13 |  | 134

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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