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Segment Information | 6 Months Ended
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Jun. 30, 2017
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 charges, restructuring and other related charges, early extinguishment of debt costs, non-vehicle related interest, transaction-related costs, net charges for unprecedented personal-injury legal matters and income taxes. Net charges for unprecedented personal-injury legal matters are recorded within operating expenses in the Company’s Consolidated Condensed Statement of Comprehensive Income. The Company has revised its definition of Adjusted EBITDA to exclude costs associated with the separation of certain officers of the Company and its limited voluntary opportunity plan, which offers certain employees the limited opportunity to elect resignation from employment for enhanced severance benefits. Costs associated with the separation of certain officers and the limited voluntary opportunity plan are recorded as part of restructuring and other related charges in the Company’s Consolidated Condensed Statement of Comprehensive Income. The Company did not revise prior year’s Adjusted EBITDA amounts because there were no costs similar in nature to these costs. The Company’s presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies.
|  |  |  | Three Months Ended June 30,
|  |  |  | 2017 |  | 2016
|  |  |  | Revenues |  | Adjusted EBITDA |  | Revenues |  | Adjusted EBITDA
Americas | $ | 1,565 |  |  | $ | 96 |  |  | $ | 1,593 |  |  | $ | 163 |
International | 673 |  |  | 59 |  |  | 650 |  |  | 57 |
Corporate and Other (a) | — |  |  | (15 | ) |  | — |  |  | (16 | )
| Total Company | $ | 2,238 |  |  | $ | 140 |  |  | $ | 2,243 |  |  | $ | 204 |
Reconciliation of Adjusted EBITDA to income before income taxes |  |  |  |
Adjusted EBITDA |  |  | $ | 140 |  |  |  |  | $ | 204 |
Less: | Non-vehicle related depreciation and amortization |  | 65 |  |  |  |  | 65 |
|  | Interest expense related to corporate debt, net |  | 48 |  |  |  |  | 56 |
|  | Early extinguishment of corporate debt |  | — |  |  |  |  | 10 |
|  | Restructuring and other related charges |  | 38 |  |  |  |  | 5 |
|  | Transaction-related costs, net |  |  | 5 |  |  |  |  | 5 |
|  | Charges for legal matter, net (b) |  |  | (27 | ) |  |  |  | — |
Income before income taxes |  |  | $ | 11 |  |  |  |  | $ | 63 |
__________
(a) | Includes unallocated corporate overhead which is not attributable to a particular segment.
(b) | Reported within operating expenses in our Consolidated Condensed Statements of Comprehensive Income.
|  |  |  | Six Months Ended June 30,
|  |  |  | 2017 |  | 2016
|  |  |  | Revenues |  | Adjusted EBITDA |  | Revenues |  | Adjusted EBITDA
Americas | $ | 2,879 |  |  | $ | 76 |  |  | $ | 2,957 |  |  | $ | 226 |
International | 1,198 |  |  | 66 |  |  | 1,167 |  |  | 58 |
Corporate and Other (a) | — |  |  | (29 | ) |  | — |  |  | (36 | )
| Total Company | $ | 4,077 |  |  | $ | 113 |  |  | $ | 4,124 |  |  | $ | 248 |
Reconciliation of Adjusted EBITDA to loss before income taxes |  |  |  |
Adjusted EBITDA |  |  | $ | 113 |  |  |  |  | $ | 248 |
Less: | Non-vehicle related depreciation and amortization |  | 128 |  |  |  |  | 126 |
|  | Interest expense related to corporate debt, net |  | 97 |  |  |  |  | 106 |
|  | Early extinguishment of corporate debt |  | 3 |  |  |  |  | 10 |
|  | Restructuring and other related charges |  | 45 |  |  |  |  | 20 |
|  | Transaction-related costs, net |  |  | 8 |  |  |  |  | 9 |
|  | Charges for legal matter, net (b) |  |  | (14 | ) |  |  |  | — |
Loss before income taxes |  |  | $ | (154 | ) |  |  |  | $ | (23 | )
__________
(a) | Includes unallocated corporate overhead which is not attributable to a particular segment.
(b) | Reported within operating expenses in our Consolidated Condensed Statements of Comprehensive Income.
Since December 31, 2016, there have been no significant changes in Americas segment assets exclusive of assets under vehicle programs, and as of June 30, 2017 and December 31, 2016, Americas segment assets under vehicle programs were approximately $10.6 billion and $9.2 billion, respectively. As of June 30, 2017 and December 31, 2016, International segment assets exclusive of assets under vehicle programs were approximately $2.6 billion and $2.0 billion, respectively, and International segment assets under vehicle programs were approximately $3.3 billion and $2.4 billion, respectively.

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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