v3.26.1
THC - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Revenues $ 2,396 $ 2,185 $ 4,400 $ 3,998
Expenses:        
Direct vehicle and operating 1,454 1,394 2,798 2,668
Depreciation of revenue earning vehicles and lease charges, net 487 415 968 950
Non-vehicle depreciation and amortization 26 29 52 59
Selling, general and administrative 258 246 494 465
Interest expense, net 259 384 515 651
Other (income) expense, net 3 7 1 11
(Gain) on sale of non-vehicle capital assets (64) (89) (64) (89)
Total expenses 2,325 2,501 4,633 4,839
Income (loss) before income taxes 71 (316) (233) (841)
Income tax (provision) benefit (7) 22 (36) 104
Net income (loss)     (269) (737)
Vehicle        
Expenses:        
Interest expense, net 165 152 311 292
Non-vehicle        
Expenses:        
Interest expense, net 94 232 204 359
The Hertz Corporation        
Revenues:        
Revenues 2,396 2,185 4,400 3,998
Expenses:        
Direct vehicle and operating 1,454 1,394 2,798 2,668
Depreciation of revenue earning vehicles and lease charges, net 487 415 968 950
Non-vehicle depreciation and amortization 26 29 52 59
Selling, general and administrative 258 246 492 465
Interest expense, net 259 384 515 651
Other (income) expense, net 3 7 1 11
(Gain) on sale of non-vehicle capital assets (64) (89) (64) (89)
Total expenses 2,423 2,386 4,762 4,715
Income (loss) before income taxes (27) (201) (362) (717)
Income tax (provision) benefit (7) 22 (37) 104
Net income (loss) (34) (179) (399) (613)
The Hertz Corporation | Vehicle        
Expenses:        
Interest expense, net 165 152 311 292
The Hertz Corporation | Non-vehicle        
Expenses:        
Interest expense, net $ 94 $ 232 $ 204 $ 359