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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Summary of Operating Segments | Year Ended December 31, 2018
| Americas |  | International |  | Corporate and Other (a) |  | Total
Revenues | $ | 6,186 |  |  | $ | 2,938 |  |  | $ | — |  |  | $ | 9,124 |
Vehicle depreciation and lease charges, net | 1,568 |  |  | 611 |  |  | — |  |  | 2,179 |
Vehicle interest, net | 252 |  |  | 62 |  |  | — |  |  | 314 |
Adjusted EBITDA | 558 |  |  | 287 |  |  | (64 | ) |  | 781 |
Non-vehicle depreciation and amortization | 152 |  |  | 104 |  |  | — |  |  | 256 |
Assets exclusive of assets under vehicle programs | 3,782 |  |  | 2,495 |  |  | 93 |  |  | 6,370 |
Assets under vehicle programs | 9,670 |  |  | 3,109 |  |  | — |  |  | 12,779 |
Capital expenditures (excluding vehicles) | 134 |  |  | 76 |  |  | 21 |  |  | 231 |
__________
(a) | Primarily represents unallocated corporate expenses and receivables from our former subsidiaries.
Year Ended December 31, 2017
| Americas |  | International |  | Corporate and Other (a) |  | Total
Revenues | $ | 6,100 |  |  | $ | 2,748 |  |  | $ | — |  |  | $ | 8,848 |
Vehicle depreciation and lease charges, net | 1,671 |  |  | 550 |  |  | — |  |  | 2,221 |
Vehicle interest, net | 226 |  |  | 60 |  |  | — |  |  | 286 |
Adjusted EBITDA | 486 |  |  | 305 |  |  | (56 | ) |  | 735 |
Non-vehicle depreciation and amortization | 168 |  |  | 91 |  |  | — |  |  | 259 |
Assets exclusive of assets under vehicle programs | 3,388 |  |  | 2,353 |  |  | 79 |  |  | 5,820 |
Assets under vehicle programs | 9,017 |  |  | 2,862 |  |  | — |  |  | 11,879 |
Capital expenditures (excluding vehicles) | 122 |  |  | 62 |  |  | 13 |  |  | 197 |
__________
(a) | Primarily represents unallocated corporate expenses and receivables from our former subsidiaries.
Year Ended December 31, 2016
| Americas |  | International |  | Corporate and Other (a) |  | Total
Revenues | $ | 6,121 |  |  | $ | 2,538 |  |  | $ | — |  |  | $ | 8,659 |
Vehicle depreciation and lease charges, net | 1,559 |  |  | 488 |  |  | — |  |  | 2,047 |
Vehicle interest, net | 226 |  |  | 58 |  |  | — |  |  | 284 |
Adjusted EBITDA | 633 |  |  | 273 |  |  | (68 | ) |  | 838 |
Non-vehicle depreciation and amortization | 165 |  |  | 88 |  |  | — |  |  | 253 |
Assets exclusive of assets under vehicle programs | 4,017 |  |  | 1,990 |  |  | 58 |  |  | 6,065 |
Assets under vehicle programs | 9,210 |  |  | 2,368 |  |  | — |  |  | 11,578 |
Capital expenditures (excluding vehicles) | 121 |  |  | 62 |  |  | 7 |  |  | 190 |
__________
(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 before income taxes.
|  | For the Year Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Adjusted EBITDA | $ | 781 |  |  | $ | 735 |  |  | $ | 838 |
Less: Non-vehicle related depreciation and amortization (a) | 256 |  |  | 259 |  |  | 253 |
| Interest expense related to corporate debt, net | 188 |  |  | 188 |  |  | 203 |
| Early extinguishment of corporate debt | 19 |  |  | 3 |  |  | 27 |
| Restructuring and other related charges | 22 |  |  | 63 |  |  | 29 |
| Transaction-related costs, net | 20 |  |  | 23 |  |  | 21 |
| Non-operational charges related to shareholder activist activity (b) | 9 |  |  | — |  |  | — |
| Impairment | — |  |  | 2 |  |  | — |
| Charges for legal matter, net (c) | — |  |  | (14 | ) |  | 26 |
Income before income taxes | $ | 267 |  |  | $ | 211 |  |  | $ | 279 |
__________
(a) | Inc ludes amortization of intangible assets recognized in purchase accounting of $61 million in 2018, $58 million in 2017 and $59 million in 2016.
(b) | Reported within selling, general and administrative expenses in our Consolidated Statements of Operations.
(c) | Reported within operating 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 the Company’s subsidiaries.
| United States |  | All Other Countries |  | Total
2018 |  |  |  |  |
Revenues | $ | 5,708 |  |  | $ | 3,416 |  |  | $ | 9,124 |
Assets exclusive of assets under vehicle programs | 3,494 |  |  | 2,876 |  |  | 6,370 |
Assets under vehicle programs | 9,021 |  |  | 3,758 |  |  | 12,779 |
Net long-lived assets | 1,476 |  |  | 1,177 |  |  | 2,653 |
2017 |  |  |  |  |
Revenues | $ | 5,629 |  |  | $ | 3,219 |  |  | $ | 8,848 |
Assets exclusive of assets under vehicle programs | 3,069 |  |  | 2,751 |  |  | 5,820 |
Assets under vehicle programs | 8,192 |  |  | 3,687 |  |  | 11,879 |
Net long-lived assets | 1,451 |  |  | 1,176 |  |  | 2,627 |
2016 |  |  |  |  |
Revenues | $ | 5,674 |  |  | $ | 2,985 |  |  | $ | 8,659 |
Assets exclusive of assets under vehicle programs | 3,699 |  |  | 2,366 |  |  | 6,065 |
Assets under vehicle programs | 8,552 |  |  | 3,026 |  |  | 11,578 |
Net long-lived assets | 1,489 |  |  | 1,073 |  |  | 2,562 |

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