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Segment Information | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Information | Our chief operating decision-maker assesses performance and allocates resources based upon the separate financial information of our operating segments. In identifying our reportable segments, we also consider the nature of services provided by our operating segments, the geographical areas in which the segments operate 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 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, which include third party advisory, legal and other professional fees; COVID-19 charges, net; other (income) expense, net; and income taxes. We revised our definition of Adjusted EBITDA to exclude other (income) expense, net. We did not revise prior years' Adjusted EBITDA because there were no other charges similar in nature. We believe Adjusted EBITDA is useful as a supplemental measure in evaluating the performance of our operating businesses and in comparing our results from period to period. We also believe that Adjusted EBITDA is useful to investors because it allows them to assess our results of operations and financial condition on the same basis that management uses internally. Our presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies. Year Ended December 31, 2022
| Americas |  | International |  | Corporate and Other (a) |  | Total
Revenues | $ | 9,474 |  |  | $ | 2,520 |  |  | $ | — |  |  | $ | 11,994 |
Vehicle depreciation and lease charges, net | 414 |  |  | 414 |  |  | — |  |  | 828 |
Vehicle interest, net | 348 |  |  | 54 |  |  | — |  |  | 402 |
Adjusted EBITDA | 3,660 |  |  | 560 |  |  | (87) |  |  | 4,133 |
Non-vehicle depreciation and amortization | 141 |  |  | 66 |  |  | 18 |  |  | 225 |
Assets exclusive of assets under vehicle programs | 5,798 |  |  | 2,402 |  |  | 299 |  |  | 8,499 |
Assets under vehicle programs | 14,269 |  |  | 3,159 |  |  | — |  |  | 17,428 |
Capital expenditures (excluding vehicles) | 117 |  |  | 33 |  |  | 96 |  |  | 246 |
__________ (a)Primarily represents unallocated corporate expenses and receivables from our former subsidiaries. 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. Provided below is a reconciliation of Adjusted EBITDA to income (loss) before income taxes.
|  | For the Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Adjusted EBITDA | $ | 4,133 |  |  | $ | 2,411 |  |  | $ | (175) |
Less: |  |  |  |  |
| Non-vehicle related depreciation and amortization (a) | 235 |  |  | 279 |  |  | 286 |
| Interest expense related to corporate debt, net |  |  |  |  |
| Interest expense | 250 |  |  | 218 |  |  | 231 |
| Early extinguishment of debt | — |  |  | 136 |  |  | 9 |
| COVID-19 charges (b) | (9) |  |  | (2) |  |  | 122 |
| Restructuring and other related charges | 19 |  |  | 64 |  |  | 118 |
| Non-operational charges related to shareholder activist activity (c) | — |  |  | 3 |  |  | 8 |
| Unprecedented personal-injury and other legal matters, net (d) | 1 |  |  | — |  |  | 4 |
| Transaction-related costs, net | 8 |  |  | 5 |  |  | 3 |
| Other (income) expense, net | (7) |  |  | — |  |  | — |
Income (loss) before income taxes | $ | 3,636 |  |  | $ | 1,708 |  |  | $ | (956) |
__________ (a) Inc ludes amortization of intangible assets recognized in purchase accounting of $43 million in 2022, $66 million in 2021 and $66 million in 2020. Includes operating expenses in our Consolidated Statements of Operations related to cloud computing costs of $10 million and $7 million in 2022 and 2021, respectively. (b) 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) |  |  | $ | (2) |
Vehicles damaged in overflow parking lots, net of insurance proceeds | — |  |  | (7) |
Other charges | — |  |  | 7 |
Operating expenses | $ | (9) |  |  | $ | (3) |
Selling, general and administrative expenses | — |  |  | 1 |
COVID-19 charges, net | $ | (9) |  |  | $ | (2) |
(c) Reported within selling, general and administrative expenses in our Consolidated Statements of Operations. (d) Reported within operating expenses on 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
2022 |  |  |  |  |
Revenues | $ | 8,975 |  |  | $ | 3,019 |  |  | $ | 11,994 |
Assets exclusive of assets under vehicle programs | 5,622 |  |  | 2,877 |  |  | 8,499 |
Assets under vehicle programs | 13,514 |  |  | 3,914 |  |  | 17,428 |
Net long-lived assets | 1,386 |  |  | 944 |  |  | 2,330 |
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 |

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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