v3.26.1
HGH - CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
ATM Equity Offering
Preferred Stock
Common Stock
Common Stock
ATM Equity Offering
Additional Paid-In Capital
Additional Paid-In Capital
ATM Equity Offering
Retained Earnings (Accumulated deficit)
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Preferred stock, shares outstanding (in shares)     0              
Beginning balance at Dec. 31, 2024     $ 0              
Ending balance at Mar. 31, 2025     0              
Beginning balance (in shares) at Dec. 31, 2024       307,000,000            
Beginning balance at Dec. 31, 2024 $ 153     $ 5   $ 6,396   $ (2,502) $ (316) $ (3,430)
Beginning balance, Treasury stock (in shares) at Dec. 31, 2024                   175,000,000
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) (443)             (443)    
Other comprehensive income (loss) 15               15  
Net settlement on vesting of restricted stock (in shares)       1,000,000            
Net settlement on vesting of restricted stock (3)         (3)        
Stock-based compensation charges 16         16        
Ending balance (in shares) at Mar. 31, 2025       308,000,000            
Ending balance at Mar. 31, 2025 (262)     $ 5   6,409   (2,945) (301) $ (3,430)
Ending balance, Treasury stock (in shares) at Mar. 31, 2025                   175,000,000
Beginning balance at Dec. 31, 2024     0              
Ending balance at Jun. 30, 2025     $ 0              
Beginning balance (in shares) at Dec. 31, 2024       307,000,000            
Beginning balance at Dec. 31, 2024 153     $ 5   6,396   (2,502) (316) $ (3,430)
Beginning balance, Treasury stock (in shares) at Dec. 31, 2024                   175,000,000
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) (737)                  
Ending balance (in shares) at Jun. 30, 2025       310,000,000            
Ending balance at Jun. 30, 2025 (504)     $ 5   6,421   (3,239) (261) $ (3,430)
Ending balance, Treasury stock (in shares) at Jun. 30, 2025                   175,000,000
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Preferred stock, shares outstanding (in shares)     0              
Beginning balance at Mar. 31, 2025     $ 0              
Ending balance at Jun. 30, 2025     $ 0              
Beginning balance (in shares) at Mar. 31, 2025       308,000,000            
Beginning balance at Mar. 31, 2025 (262)     $ 5   6,409   (2,945) (301) $ (3,430)
Beginning balance, Treasury stock (in shares) at Mar. 31, 2025                   175,000,000
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) (294)             (294)    
Other comprehensive income (loss) 40               40  
Net settlement on vesting of restricted stock (in shares)       2,000,000            
Net settlement on vesting of restricted stock (4)         (4)        
Stock-based compensation charges 16         16        
Ending balance (in shares) at Jun. 30, 2025       310,000,000            
Ending balance at Jun. 30, 2025 $ (504)     $ 5   6,421   (3,239) (261) $ (3,430)
Ending balance, Treasury stock (in shares) at Jun. 30, 2025                   175,000,000
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Preferred stock, shares outstanding (in shares)     0              
Preferred stock, shares outstanding (in shares) 0   0              
Beginning balance at Dec. 31, 2025 $ 0   $ 0              
Ending balance at Mar. 31, 2026     0              
Beginning balance (in shares) at Dec. 31, 2025 311,731,792     312,000,000            
Beginning balance at Dec. 31, 2025 $ (459)     $ 5   6,447   (3,249) (232) $ (3,430)
Beginning balance, Treasury stock (in shares) at Dec. 31, 2025 174,812,044                 175,000,000
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) $ (333)             (333)    
Other comprehensive income (loss) (4)               (4)  
Net settlement on vesting of restricted stock (in shares)       3,000,000            
Net settlement on vesting of restricted stock (7)         (7)        
Stock-based compensation charges 17         17        
Ending balance (in shares) at Mar. 31, 2026       315,000,000            
Ending balance at Mar. 31, 2026 (786)     $ 5   6,457   (3,582) (236) $ (3,430)
Ending balance, Treasury stock (in shares) at Mar. 31, 2026                   175,000,000
Beginning balance at Dec. 31, 2025 0   0              
Ending balance at Jun. 30, 2026 $ 0   $ 0              
Beginning balance (in shares) at Dec. 31, 2025 311,731,792     312,000,000            
Beginning balance at Dec. 31, 2025 $ (459)     $ 5   6,447   (3,249) (232) $ (3,430)
Beginning balance, Treasury stock (in shares) at Dec. 31, 2025 174,812,044                 175,000,000
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) $ (269)                  
Ending balance (in shares) at Jun. 30, 2026 355,918,045     356,000,000            
Ending balance at Jun. 30, 2026 $ (628)     $ 5   6,557   (3,518) (242) $ (3,430)
Ending balance, Treasury stock (in shares) at Jun. 30, 2026 174,812,044                 175,000,000
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Preferred stock, shares outstanding (in shares)     0              
Beginning balance at Mar. 31, 2026     $ 0              
Ending balance at Jun. 30, 2026 $ 0   $ 0              
Beginning balance (in shares) at Mar. 31, 2026       315,000,000            
Beginning balance at Mar. 31, 2026 (786)     $ 5   6,457   (3,582) (236) $ (3,430)
Beginning balance, Treasury stock (in shares) at Mar. 31, 2026                   175,000,000
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) 64             64    
Other comprehensive income (loss) (6)               (6)  
Net settlement on vesting of restricted stock (in shares)       3,000,000            
Net settlement on vesting of restricted stock (6)         (6)        
Stock-based compensation charges 21         21        
Shares issued under the ATM Program (in shares)         1,000,000          
Shares issued under the ATM Program   $ 3         $ 3      
Share Lending Agreement (in shares) [1] $ 82         82        
Share Lending Agreement [1]       37,000,000            
Ending balance (in shares) at Jun. 30, 2026 355,918,045     356,000,000            
Ending balance at Jun. 30, 2026 $ (628)     $ 5   $ 6,557   $ (3,518) $ (242) $ (3,430)
Ending balance, Treasury stock (in shares) at Jun. 30, 2026 174,812,044                 175,000,000
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Preferred stock, shares outstanding (in shares) 0   0              
[1] In June 2026, Hertz Global entered into the Share Lending Agreement, as defined and disclosed in Note 5, "Debt." The shares borrowed under it are excluded for purposes of basic and diluted earnings (loss) per share. Refer to Note 8, "Public Warrants, Equity and Earnings (Loss) Per Common Share – Hertz Global," for further details.