v3.26.1
THC - CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 631 $ 565
Total restricted cash and cash equivalents 673 602
Total cash and cash equivalents and restricted cash and cash equivalents 1,304 1,167
Total receivables, net 1,203 1,110
Prepaid expenses and other assets 989 782
Revenue earning vehicles:    
Vehicles 15,249 14,039
Less: accumulated depreciation (1,569) (1,513)
Total revenue earning vehicles, net 13,680 12,526
Property and equipment, net 505 566
Operating lease right-of-use assets 2,269 2,257
Intangible assets, net 2,877 2,858
Goodwill 1,045 1,045
Total assets [1] 23,872 22,311
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,125 859
Accrued liabilities 1,024 1,231
Accrued taxes, net 135 131
Total debt 18,747 17,054
Operating lease liabilities 2,340 2,275
Self-insured liabilities 643 648
Deferred income taxes, net 396 350
Total liabilities [1] 24,500 22,770
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.01 par value, 3,000 shares authorized and 100 shares issued and outstanding 5 5
Additional paid-in capital 6,557 6,447
Retained earnings (Accumulated deficit) (3,518) (3,249)
Accumulated other comprehensive income (loss) (242) (232)
Total stockholder's equity (deficit) (628) (459)
Total liabilities and stockholders' equity (deficit) 23,872 22,311
Vehicle    
ASSETS    
Total restricted cash and cash equivalents 399 317
Total receivables, net 290 381
Non-vehicle    
ASSETS    
Total restricted cash and cash equivalents 274 285
Total receivables, net 913 729
The Hertz Corporation    
ASSETS    
Cash and cash equivalents 628 565
Total restricted cash and cash equivalents 673 602
Total cash and cash equivalents and restricted cash and cash equivalents 1,301 1,167
Total receivables, net 1,203 1,110
Prepaid expenses and other assets 988 779
Revenue earning vehicles:    
Vehicles 15,249 14,039
Less: accumulated depreciation (1,569) (1,513)
Total revenue earning vehicles, net 13,680 12,526
Property and equipment, net 505 566
Operating lease right-of-use assets 2,269 2,257
Intangible assets, net 2,877 2,858
Goodwill 1,045 1,045
Total assets [2] 23,868 22,308
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,125 859
Accrued liabilities 1,024 1,231
Accrued taxes, net 135 131
Total debt 18,832 17,054
Operating lease liabilities 2,340 2,275
Self-insured liabilities 643 648
Deferred income taxes, net 396 353
Total liabilities [2] 24,495 22,551
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.01 par value, 3,000 shares authorized and 100 shares issued and outstanding 0 0
Additional paid-in capital 4,673 4,648
Retained earnings (Accumulated deficit) (5,058) (4,659)
Accumulated other comprehensive income (loss) (242) (232)
Total stockholder's equity (deficit) (627) (243)
Total liabilities and stockholders' equity (deficit) 23,868 22,308
The Hertz Corporation | Vehicle    
ASSETS    
Total restricted cash and cash equivalents 399 317
Total receivables, net 290 381
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 497 342
Total debt 12,710 11,629
The Hertz Corporation | Non-vehicle    
ASSETS    
Total restricted cash and cash equivalents 274 285
Total receivables, net 913 729
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 628 517
Total debt $ 6,122 $ 5,425
[1] Hertz Global Holdings, Inc.'s consolidated total assets as of June 30, 2026 and December 31, 2025 include total assets of variable interest entities (“VIEs”) of $1.4 billion and $1.3 billion, respectively, which can only be used to settle obligations of the VIEs. Hertz Global Holdings, Inc.'s consolidated total liabilities as of June 30, 2026 and December 31, 2025 include total liabilities of VIEs of $1.4 billion and $1.3 billion, respectively, for which the creditors of the VIEs have no recourse to Hertz Global Holdings, Inc. See "Pledges Related to Vehicle Financing" in Note 5, "Debt," for further information.
[2] The Hertz Corporation's consolidated total assets as of June 30, 2026 and December 31, 2025 include total assets of VIEs of $1.4 billion and $1.3 billion, respectively, which can only be used to settle obligations of the VIEs. The Hertz Corporation's consolidated total liabilities as of June 30, 2026 and December 31, 2025 include total liabilities of VIEs of $1.4 billion and $1.3 billion, respectively, for which the creditors of the VIEs have no recourse to The Hertz Corporation. See "Pledges Related to Vehicle Financing" in Note 5, "Debt," for further information.