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Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segments Information

Our presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies.

												Three Months Ended September 30,
												2022												2021
												Revenues						Adjusted EBITDA						Revenues						Adjusted EBITDA
Americas												$	2,703					$	1,185					$	2,403					$	952
International												844						291						598						128
Corporate and Other (a)												—						(16)						—						(23)
			Total Company									$	3,547					$	1,460					$	3,001					$	1,057
Reconciliation of Adjusted EBITDA to income before income taxes:
																		2022												2021
Adjusted EBITDA																		$	1,460											$	1,057
Less:						Non-vehicle related depreciation and amortization (b)												61												69
						Interest expense related to corporate debt, net:
						Interest expense												64												47
						Early extinguishment of debt												—												7
						Restructuring and other related charges												2												5
						Unprecedented personal-injury and other legal    matters, net (c)												—												5
						Transaction-related costs, net												—												1
						COVID-19 charges (d)												—												(6)
						Other (income) expense, net (e)												(9)												—
Income before income taxes																		$	1,342											$	929

__________

(a)Includes unallocated corporate overhead which is not attributable to a particular segment.

(b)For the three months ended September 30, 2022, includes operating expenses in our Consolidated Condensed Statements of Comprehensive Income related to cloud computing costs of $2 million.

(c)Reported within operating expenses.

(d)The following table presents the unusual, direct and incremental costs due to the COVID-19 pandemic:

			2022						2021
Minimum annual guaranteed rent in excess of concession fees, net			$	—					$	(4)
Vehicles damaged in overflow parking lots, net of insurance proceeds			—						(3)
Other charges			—						1
Operating expenses			$	—					$	(6)
COVID-19 charges, net			$	—					$	(6)

(e)Primarily relates to a gain upon deconsolidation of a former subsidiary.

												Nine Months Ended September 30,
												2022												2021
												Revenues						Adjusted EBITDA						Revenues						Adjusted EBITDA
Americas												$	7,270					$	3,036					$	5,457					$	1,694
International												1,953						497						1,287						86
Corporate and Other (a)												—						(58)						—						(52)
			Total Company									$	9,223					$	3,475					$	6,744					$	1,728
Reconciliation of Adjusted EBITDA to income before income taxes:
																		2022												2021
Adjusted EBITDA																		$	3,475											$	1,728
Less:						Non-vehicle related depreciation and amortization (b)												174												204
						Interest expense related to corporate debt, net:
						Interest expense												181												167
						Early extinguishment of debt												—												136
						Restructuring and other related charges												16												47
						Unprecedented personal-injury and other legal    matters, net (c)												1												(6)
						Transaction-related costs, net												1												3
						COVID-19 charges (d)												(9)												12
						Other (income) expense, net (e)												(9)												—
Income before income taxes																		$	3,120											$	1,165

__________

(a)Includes unallocated corporate overhead which is not attributable to a particular segment.

(b)For the nine months ended September 30, 2022 and 2021, includes operating expenses in our Consolidated Condensed Statements of Operations related to cloud computing costs of $6 million and $5 million, respectively.

(c)Reported within operating expenses.

(d)The following table presents the unusual, direct and incremental costs due to the COVID-19 pandemic:

			2022						2021
Minimum annual guaranteed rent in excess of concession fees, net			$	(9)					$	12
Vehicles damaged in overflow parking lots, net of insurance proceeds			—						(7)
Other charges			—						7
Operating expenses			(9)						11
Selling, general and administrative expenses			—						1
COVID-19 charges, net			$	(9)					$	12

(e)Primarily relates to a gain upon deconsolidation of a former subsidiary.

X

- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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