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Segment Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information Our chief operating decision maker assesses performance and allocates resources based upon the separate financial information from our operating segments. In identifying our reportable segments, we consider the nature of services provided, the geographical areas in which the segments operated and other relevant factors. We aggregate certain of our operating segments into our reportable segments. Management evaluates the operating results of each of our reportable segments based upon revenues and “Adjusted EBITDA,” which we define as income (loss) 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 and other legal matters, net, which includes amounts recorded in excess of $5 million related to class action lawsuits, non-operational charges related to shareholder activist activity, gain on sale of equity method investment in China, COVID-19 charges and income taxes. Net charges for unprecedented personal-injury and other legal matters and gain on sale of equity method investment in China are recorded within operating expenses in our Consolidated Statement of Comprehensive Income. Non-operational charges related to shareholder activist activity include third party advisory, legal and other professional service fees and are recorded within selling, general and administrative expenses in our Consolidated Statement of Comprehensive Income. COVID-19 charges include unusual, direct and incremental costs due to the COVID-19 pandemic, such as minimum annual guaranteed rent in excess of concession fees for the period, overflow parking for idle vehicles and related shuttling costs, incremental cleaning supplies to sanitize vehicles and facilities and other charges, and losses associated with vehicles damaged in overflow parking lots, net of insurance proceeds, and are primarily recorded within operating expenses in our Consolidated Statement of Comprehensive Income. We have revised our definition of Adju sted EBITDA to exclude amounts recorded in excess of $5 million related to class action lawsuits. We have not revised prior years' Adjusted EBITDA amounts because there were no other charges similar in nature to these. Our presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies. 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. 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) Inc ludes 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. 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 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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