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Segment Information | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Information | 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 (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 legal matters, net, which includes amounts recorded in excess of $5 million related to class action lawsuits and personal injury matters; non-operational charges related to shareholder activist activity, which includes third-party advisory, legal and other professional fees; COVID-19 charges, net; cloud computing costs; other (income) expense, net, and income taxes. 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, 2023
| Americas |  | International |  | Corporate and Other (a) |  | Total
Revenues | $ | 9,347 |  |  | $ | 2,661 |  |  | $ | — |  |  | $ | 12,008 |
Vehicle depreciation and lease charges, net | 1,215 |  |  | 524 |  |  | — |  |  | 1,739 |
Vehicle interest, net | 617 |  |  | 119 |  |  | — |  |  | 736 |
Adjusted EBITDA | 2,196 |  |  | 400 |  |  | (106) |  |  | 2,490 |
Non-vehicle depreciation and amortization | 147 |  |  | 68 |  |  | 1 |  |  | 216 |
Assets exclusive of assets under vehicle programs | 6,533 |  |  | 2,633 |  |  | 424 |  |  | 9,590 |
Assets under vehicle programs | 19,285 |  |  | 3,694 |  |  | — |  |  | 22,979 |
Property and equipment additions | 126 |  |  | 44 |  |  | 103 |  |  | 273 |
__________ (a)Primarily represents unallocated corporate expenses and receivables from our former subsidiaries. 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 |
Property and equipment additions | 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 |
Property and equipment additions | 74 |  |  | 26 |  |  | 8 |  |  | 108 |
__________ (a)Primarily represents unallocated corporate expenses and receivables from our former subsidiaries. Provided below is a reconciliation of Adjusted EBITDA to income before income taxes.
|  | For the Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Adjusted EBITDA | $ | 2,490 |  |  | $ | 4,133 |  |  | $ | 2,411 |
Less: |  |  |  |  |
| Non-vehicle related depreciation and amortization | 216 |  |  | 225 |  |  | 272 |
| Interest expense related to corporate debt, net |  |  |  |  |
| Interest expense | 296 |  |  | 250 |  |  | 218 |
| Early extinguishment of debt | 5 |  |  | — |  |  | 136 |
| Restructuring and other related charges | 11 |  |  | 19 |  |  | 64 |
| Transaction-related costs, net | 5 |  |  | 8 |  |  | 5 |
| Other (income) expense, net(a) | 3 |  |  | (7) |  |  | — |
| Reported within operating expenses: |  |  |  |  |
| Cloud computing costs | 35 |  |  | 10 |  |  | 7 |
| COVID-19 charges | — |  |  | (9) |  |  | (2) |
| Legal matters, net | 5 |  |  | 1 |  |  | 3 |
Income before income taxes | $ | 1,914 |  |  | $ | 3,636 |  |  | $ | 1,708 |
__________ (a)Primarily consists of gains or losses related to our equity investment in a former subsidiary, offset by fleet related and certain administrative services provided to the same former subsidiary. The geographic segment information provided below is classified based on the geographic location of our subsidiaries.
| United States |  | All Other Countries |  | Total
2023 |  |  |  |  |
Revenues | $ | 8,775 |  |  | $ | 3,233 |  |  | $ | 12,008 |
Assets exclusive of assets under vehicle programs | 6,460 |  |  | 3,130 |  |  | 9,590 |
Assets under vehicle programs | 18,228 |  |  | 4,751 |  |  | 22,979 |
Net long-lived assets | 1,507 |  |  | 981 |  |  | 2,488 |
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 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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