v3.26.1
THC - CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
The Hertz Corporation
Common Stock
Common Stock
The Hertz Corporation
Additional Paid-In Capital
Additional Paid-In Capital
The Hertz Corporation
Accumulated Deficit
Accumulated Deficit
The Hertz Corporation
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The Hertz Corporation
Beginning balance (in shares) at Dec. 31, 2024     307,000,000 100            
Beginning balance at Dec. 31, 2024 $ 153 $ 326 $ 5 $ 0 $ 6,396 $ 4,598 $ (2,502) $ (3,956) $ (316) $ (316)
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) (443) (434)         (443) (434)    
Other comprehensive income (loss) 15 15             15 15
Stock-based compensation charges 16 16     16 16        
Dividends paid to Hertz Holdings   (3)       (3)        
Ending balance (in shares) at Mar. 31, 2025     308,000,000 100            
Ending balance at Mar. 31, 2025 (262) (80) $ 5 $ 0 6,409 4,611 (2,945) (4,390) (301) (301)
Beginning balance (in shares) at Dec. 31, 2024     307,000,000 100            
Beginning balance at Dec. 31, 2024 153 326 $ 5 $ 0 6,396 4,598 (2,502) (3,956) (316) (316)
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) (737)                  
Ending balance (in shares) at Jun. 30, 2025     310,000,000 100            
Ending balance at Jun. 30, 2025 (504) (207) $ 5 $ 0 6,421 4,623 (3,239) (4,569) (261) (261)
Beginning balance (in shares) at Mar. 31, 2025     308,000,000 100            
Beginning balance at Mar. 31, 2025 (262) (80) $ 5 $ 0 6,409 4,611 (2,945) (4,390) (301) (301)
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) (294) (179)         (294) (179)    
Other comprehensive income (loss) 40 40             40 40
Stock-based compensation charges 16 16     16 16        
Dividends paid to Hertz Holdings   (4)       (4)        
Ending balance (in shares) at Jun. 30, 2025     310,000,000 100            
Ending balance at Jun. 30, 2025 $ (504) $ (207) $ 5 $ 0 6,421 4,623 (3,239) (4,569) (261) (261)
Beginning balance (in shares) at Dec. 31, 2025 311,731,792 100 312,000,000 100            
Beginning balance at Dec. 31, 2025 $ (459) $ (243) $ 5 $ 0 6,447 4,648 (3,249) (4,659) (232) (232)
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) (333) (365)         (333) (365)    
Other comprehensive income (loss) (4) (4)             (4) (4)
Stock-based compensation charges 17 17     17 17        
Dividends paid to Hertz Holdings   (7)       (7)        
Ending balance (in shares) at Mar. 31, 2026     315,000,000 100            
Ending balance at Mar. 31, 2026 $ (786) $ (602) $ 5 $ 0 6,457 4,658 (3,582) (5,024) (236) (236)
Beginning balance (in shares) at Dec. 31, 2025 311,731,792 100 312,000,000 100            
Beginning balance at Dec. 31, 2025 $ (459) $ (243) $ 5 $ 0 6,447 4,648 (3,249) (4,659) (232) (232)
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) $ (269)                  
Ending balance (in shares) at Jun. 30, 2026 355,918,045 100 356,000,000 100            
Ending balance at Jun. 30, 2026 $ (628) $ (627) $ 5 $ 0 6,557 4,673 (3,518) (5,058) (242) (242)
Beginning balance (in shares) at Mar. 31, 2026     315,000,000 100            
Beginning balance at Mar. 31, 2026 (786) (602) $ 5 $ 0 6,457 4,658 (3,582) (5,024) (236) (236)
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) 64 (34)         64 (34)    
Other comprehensive income (loss) (6) (6)             (6) (6)
Stock-based compensation charges $ 21 21     21 21        
Dividends paid to Hertz Holdings   $ (6)       (6)        
Ending balance (in shares) at Jun. 30, 2026 355,918,045 100 356,000,000 100            
Ending balance at Jun. 30, 2026 $ (628) $ (627) $ 5 $ 0 $ 6,557 $ 4,673 $ (3,518) $ (5,058) $ (242) $ (242)