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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Summary Of Segments Information | The Company’s presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies.
|  |  |  | Three Months Ended September 30,
|  |  |  | 2021 |  | 2020
|  |  |  | Revenues |  | Adjusted EBITDA |  | Revenues |  | Adjusted EBITDA
Americas | $ | 2,403 |  |  | $ | 952 |  |  | $ | 1,114 |  |  | $ | 222 |
International | 598 |  |  | 128 |  |  | 420 |  |  | 6 |
Corporate and Other (a) | — |  |  | (23) |  |  | — |  |  | (8) |
| Total Company | $ | 3,001 |  |  | $ | 1,057 |  |  | $ | 1,534 |  |  | $ | 220 |
Reconciliation of Adjusted EBITDA to income before income taxes:
|  |  | 2021 |  |  |  | 2020
Adjusted EBITDA |  |  | $ | 1,057 |  |  |  |  | $ | 220 |
Less: | Non-vehicle related depreciation and amortization |  | 69 |  |  |  |  | 74 |
|  | Interest expense related to corporate debt, net: |  |  |  |  |  |
|  | Interest expense |  | 47 |  |  |  |  | 64 |
|  | Early extinguishment of debt |  | 7 |  |  |  |  | 2 |
|  | Restructuring and other related charges |  | 5 |  |  |  |  | 17 |
|  | Transaction-related costs, net |  |  | 1 |  |  |  |  | — |
|  | COVID-19 charges (b) | (6) |  |  |  |  | 10 |
|  | Unprecedented personal-injury and other legal matters, net (c) |  | 5 |  |  |  |  | — |
Income before income taxes |  |  | $ | 929 |  |  |  |  | $ | 53 |
__________ (a)Includes unallocated corporate overhead which is not attributable to a particular segment. (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 | $ | (4) |  |  | $ | 11 |
Vehicles damaged in overflow parking lots, net of insurance proceeds | (3) |  |  | (19) |
Incremental cleaning supplies to sanitize vehicles and facilities, and over flow parking for idle vehicles | — |  |  | 18 |
Other charges | 1 |  |  | — |
Operating expenses | $ | (6) |  |  | $ | 8 |
Vehicle depreciation and lease charges | $ | — |  |  | $ | 1 |
Selling, general and administrative expenses | $ | — |  |  | $ | 1 |
(c)Reported within operating expenses.
|  |  |  | Nine Months Ended September 30,
|  |  |  | 2021 |  | 2020
|  |  |  | Revenues |  | Adjusted EBITDA |  | Revenues |  | Adjusted EBITDA
Americas | $ | 5,457 |  |  | $ | 1,694 |  |  | $ | 2,936 |  |  | $ | (41) |
International | 1,287 |  |  | 86 |  |  | 1,111 |  |  | (174) |
Corporate and Other (a) | — |  |  | (52) |  |  | — |  |  | (34) |
| Total Company | $ | 6,744 |  |  | $ | 1,728 |  |  | $ | 4,047 |  |  | $ | (249) |
Reconciliation of Adjusted EBITDA to income (loss) before income taxes:
|  |  | 2021 |  |  |  | 2020
Adjusted EBITDA |  |  | $ | 1,728 |  |  |  |  | $ | (249) |
Less: | Non-vehicle related depreciation and amortization (b) |  | 204 |  |  |  |  | 214 |
|  | Interest expense related to corporate debt, net: |  |  |  |  |  |
|  | Interest expense |  | 167 |  |  |  |  | 163 |
|  | Early extinguishment of debt |  | 136 |  |  |  |  | 9 |
|  | Restructuring and other related charges |  | 47 |  |  |  |  | 89 |
|  | COVID-19 charges (c) | 12 |  |  |  |  | 90 |
|  | Transaction-related costs, net |  |  | 3 |  |  |  |  | 3 |
|  | Non-operational charges related to shareholder activist activity (d) |  | — |  |  |  |  | 4 |
|  | Unprecedented personal-injury and other legal matters, net (e) |  | (6) |  |  |  |  | — |
Income (loss) before income taxes |  |  | $ | 1,165 |  |  |  |  | $ | (821) |
__________ (a)Includes unallocated corporate overhead which is not attributable to a particular segment. (b)For the nine months ended September 30, 2021 consi sts of $5 million within operating expenses related to cloud computing costs. (c)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 | $ | 12 |  |  | $ | 41 |
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 | — |  |  | 35 |
Other charges | 7 |  |  | — |
Operating expenses | $ | 11 |  |  | $ | 87 |
Vehicle depreciation and lease charges | $ | — |  |  | $ | 1 |
Selling, general and administrative expenses | $ | 1 |  |  | $ | 2 |
(d)Reported within selling, general and administrative expenses. (e)Reported within operating expenses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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