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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Operating Segments | Year Ended December 31, 2024
| Americas |  | International |  | Total
Revenues | $ | 9,111 |  |  | $ | 2,678 |  |  | $ | 11,789 |
Significant segment expenses: |  |  |  |  |
Operating (a) | 4,604 |  |  | 1,279 |  |  |
Vehicle depreciation and lease charges, net | 2,301 |  |  | 675 |  |  |
Selling, general and administrative | 868 |  |  | 409 |  |  |
Vehicle interest, net | 787 |  |  | 154 |  |  |
Reportable segment Adjusted EBITDA | $ | 551 |  |  | $ | 161 |  |  | $ | 712 |
Reconciliation of reportable segment Adjusted EBITDA to income (loss) before income taxes: |  |  |  |  |
Non-vehicle related depreciation and amortization |  |  |  |  | 234 |
Interest expense related to corporate debt, net |  |  |  |  | 4 |
Long-lived asset impairment and other related charges (b) |  |  |  |  | 2,470 |
Restructuring and other related charges |  |  |  |  | 37 |
Transaction-related costs, net |  |  |  |  | 3 |
Other (income) expense, net |  |  |  |  | 9 |
Legal matters, net; cloud computing costs; and severe weather-related damages, net |  |  |  |  | 77 |
Corporate and other (c) |  |  |  |  | 505 |
Income (loss) before income taxes |  |  |  |  | $ | (2,627) |
__________ (a)Excludes legal matters, net; cloud computing costs; and severe weather-related damages, net. (b)Includes an impairment charge of approximately $2.3 billion related to the acceleration of the rotation of our fleet and a charge of $180 million related to the write-down of the carrying value of certain vehicles held for sale within our Americas reportable segment. See Note 2 – Summary of Significant Accounting Policies – Impairment of Long-Lived Assets. (c)Includes unallocated corporate expenses, including $354 million and $19 million in interest expense and early extinguishment of debt, respectively, which are not attributable to a particular reportable segment. Year Ended December 31, 2023
| Americas |  | International |  | Total
Revenues | $ | 9,347 |  |  | $ | 2,661 |  |  | $ | 12,008 |
Significant segment expenses: |  |  |  |  |
Operating (a) | 4,425 |  |  | 1,209 |  |  |
Vehicle depreciation and lease charges, net | 1,215 |  |  | 524 |  |  |
Selling, general and administrative | 894 |  |  | 409 |  |  |
Vehicle interest, net | 617 |  |  | 119 |  |  |
Reportable segment Adjusted EBITDA | $ | 2,196 |  |  | $ | 400 |  |  | $ | 2,596 |
Reconciliation of reportable segment Adjusted EBITDA to income (loss) before income taxes: |  |  |  |  |
Non-vehicle related depreciation and amortization |  |  |  |  | 215 |
Interest expense related to corporate debt, net |  |  |  |  | (6) |
Restructuring and other related charges |  |  |  |  | 11 |
Transaction-related costs, net |  |  |  |  | 3 |
Other (income) expense, net |  |  |  |  | 3 |
Legal matters, net and cloud computing costs |  |  |  |  | 10 |
Corporate and other (b) |  |  |  |  | 446 |
Income (loss) before income taxes |  |  |  |  | $ | 1,914 |
__________ (a)Excludes legal matters, net and cloud computing costs. (b)Includes unallocated corporate expenses, including $302 million and $5 million in interest expense and early extinguishment of debt, respectively, which are not attributable to a particular reportable segment. Year Ended December 31, 2022
| Americas |  | International |  | Total
Revenues | $ | 9,474 |  |  | $ | 2,520 |  |  | $ | 11,994 |
Significant segment expenses: |  |  |  |  |
Operating (a) | 4,150 |  |  | 1,114 |  |  |
Vehicle depreciation and lease charges, net | 414 |  |  | 414 |  |  |
Selling, general and administrative | 902 |  |  | 378 |  |  |
Vehicle interest, net | 348 |  |  | 54 |  |  |
Reportable segment Adjusted EBITDA | $ | 3,660 |  |  | $ | 560 |  |  | $ | 4,220 |
Reconciliation of reportable segment Adjusted EBITDA to income (loss) before income taxes: |  |  |  |  |
Non-vehicle related depreciation and amortization |  |  |  |  | 207 |
Interest expense related to corporate debt, net |  |  |  |  | 3 |
Restructuring and other related charges |  |  |  |  | 18 |
Transaction-related costs, net |  |  |  |  | 8 |
Other (income) expense, net |  |  |  |  | (7) |
Cloud computing costs; COVID-19 charges, net; and legal matters, net |  |  |  |  | (3) |
Corporate and other (b) |  |  |  |  | 358 |
Income (loss) before income taxes |  |  |  |  | $ | 3,636 |
__________ (a)Excludes cloud computing costs; COVID-19 charges, net; and legal matters, net. (b)Includes unallocated corporate expenses, including $247 million in interest expense, which are not attributable to a particular reportable segment.
Schedule of Geographic Segment Information | Provided below is information about our segment assets.
| Americas |  | International |  | Unallocated Assets (a) |  | Total
2024 |  |  |  |  |  |  |
Property and equipment additions | $ | 109 |  |  | $ | 40 |  |  | $ | 53 |  |  | $ | 202 |
Assets exclusive of assets under vehicle programs | 6,785 |  |  | 2,539 |  |  | 344 |  |  | 9,668 |
Assets under vehicle programs | 16,058 |  |  | 3,315 |  |  | — |  |  | 19,373 |
Net long-lived assets | 1,474 |  |  | 733 |  |  | 162 |  |  | 2,369 |
2023 |  |  |  |  |  |  |
Property and equipment additions | $ | 126 |  |  | $ | 44 |  |  | $ | 103 |  |  | $ | 273 |
Assets exclusive of assets under vehicle programs | 6,533 |  |  | 2,633 |  |  | 424 |  |  | 9,590 |
Assets under vehicle programs | 19,285 |  |  | 3,694 |  |  | — |  |  | 22,979 |
Net long-lived assets | 1,483 |  |  | 795 |  |  | 210 |  |  | 2,488 |
2022 |  |  |  |  |  |  |
Property and equipment additions | $ | 117 |  |  | $ | 33 |  |  | $ | 96 |  |  | $ | 246 |
Assets exclusive of assets under vehicle programs | 5,798 |  |  | 2,402 |  |  | 299 |  |  | 8,499 |
Assets under vehicle programs | 14,269 |  |  | 3,159 |  |  | — |  |  | 17,428 |
Net long-lived assets | 1,446 |  |  | 761 |  |  | 123 |  |  | 2,330 |
__________ (a)Includes unallocated corporate assets which are not attributable to a particular reportable segment. Provided below is information classified based on the geographic location of our subsidiaries.
| United States |  | All Other Countries |  | Total
2024 |  |  |  |  |
Revenues | $ | 8,583 |  |  | $ | 3,206 |  |  | $ | 11,789 |
Assets exclusive of assets under vehicle programs | 6,720 |  |  | 2,948 |  |  | 9,668 |
Assets under vehicle programs | 15,295 |  |  | 4,078 |  |  | 19,373 |
Net long-lived assets | 1,465 |  |  | 904 |  |  | 2,369 |
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 |

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- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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