v3.26.1
Public Warrants, Equity and Earnings (Loss) Per Common Share – Hertz Global - Schedule of Basic and Diluted Earnings (Loss) Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator:        
Net income (loss) available to Hertz Global common stockholders, basic $ 64 $ (294) $ (269) $ (737)
Net income (loss) available to Hertz Global common stockholders, diluted $ 23 $ (294) $ (312) $ (737)
Denominator:        
Basic weighted-average common shares outstanding (in shares) 317 309 315 308
Dilutive effect of stock options, RSUs and PSUs (in shares) 11 0 0 0
Diluted weighted-average shares outstanding (in shares) 418 309 358 308
Antidilutive:        
Antidilutive stock options, RSUs, PSUs, and PSAs (in shares) 87 140 144 139
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.20 $ (0.95) $ (0.85) $ (2.39)
Diluted (in dollars per share) $ 0.05 $ (0.95) $ (0.87) $ (2.39)
Exchangeable Notes Due 2029        
Numerator:        
Impact of Exchangeable Notes $ (27) $ 0 $ (37) $ 0
Exchangeable Notes Due 2030        
Numerator:        
Impact of Exchangeable Notes (8) 0 0 0
Exchangeable First Lien Notes Due 2030        
Numerator:        
Impact of Exchangeable Notes $ (5) $ 0 $ (5) $ 0
Antidilutive Public Warrants        
Antidilutive:        
Antidilutive stock options, RSUs, PSUs, and PSAs (in shares) 83 83 83 83
Antidilutive stock options, RSUs and PSUs        
Antidilutive:        
Antidilutive stock options, RSUs, PSUs, and PSAs (in shares) 5 18 16 17
Exchangeable Notes Due 2029        
Denominator:        
Dilutive effect of Exchangeable Notes (in shares) 43 0 42 0
Antidilutive:        
Antidilutive stock options, RSUs, PSUs, and PSAs (in shares) 0 39 0 39
Exchangeable Notes Due 2030        
Denominator:        
Dilutive effect of Exchangeable Notes (in shares) 46 0 0 0
Antidilutive:        
Antidilutive stock options, RSUs, PSUs, and PSAs (in shares) 0 0 46 0
Exchangeable First Lien Notes Due 2030        
Denominator:        
Dilutive effect of Exchangeable Notes (in shares) 1 0 1 0