v3.26.1
Segment Information - Schedule of Reportable Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Revenue earning equipment          
Depreciation and amortization, non-vehicle assets $ 26 $ 29 $ 52 $ 59  
Revenue earning vehicles, net 13,680   13,680   $ 12,526
Operating lease right-of-use assets 2,269   2,269   2,257
Total assets [1] 23,872   23,872   22,311
Revenue earning vehicles and non-vehicle capital assets          
Expenditures     (7,274) (5,940)  
Proceeds from disposals     5,205 4,376  
Net expenditures     (2,069) (1,564)  
Revenues 2,396 2,185 4,400 3,998  
U.S.          
Revenue earning equipment          
Revenue earning vehicles, net 11,102   11,102   10,473
Property and equipment, net 426   426   484
Operating lease right-of-use assets 1,895   1,895   1,927
Total assets 19,229   19,229   18,242
Revenue earning vehicles and non-vehicle capital assets          
Revenues 1,836 1,653 3,405 3,086  
International          
Revenue earning equipment          
Revenue earning vehicles, net 2,578   2,578   2,053
Property and equipment, net 79   79   82
Operating lease right-of-use assets 374   374   330
Total assets 4,643   4,643   4,069
Revenue earning vehicles and non-vehicle capital assets          
Revenues 560 532 995 912  
The Hertz Corporation          
Revenue earning equipment          
Depreciation and amortization, non-vehicle assets     52 59  
Revenue earning vehicles, net 13,680   13,680   12,526
Property and equipment, net 505   505   566
Operating lease right-of-use assets 2,269   2,269   2,257
Total assets [2] 23,868   23,868   22,308
Revenue earning vehicles and non-vehicle capital assets          
Revenues 2,396 2,185 4,400 3,998  
The Hertz Corporation | U.S.          
Revenue earning equipment          
Total assets (4)   (4)   (3)
Hertz Global          
Revenue earning equipment          
Revenue earning vehicles, net 13,680   13,680   12,526
Property and equipment, net 505   505   566
Operating lease right-of-use assets 2,269   2,269   2,257
Non-vehicle          
Revenue earning equipment          
Interest expense, net 94 232      
Americas RAC          
Revenue earning equipment          
Revenue earning vehicles, net 11,637   11,637   10,844
International RAC          
Revenue earning equipment          
Revenue earning vehicles, net 2,043   2,043   1,682
Operating Segments          
Revenue earning equipment          
Property and equipment, net 505   505   566
Revenue earning vehicles and non-vehicle capital assets          
Revenues 2,396 2,185 4,400 3,998  
Operating Segments | Vehicle          
Revenue earning equipment          
Interest expense, net 165 152 311 292  
Operating Segments | Non-vehicle          
Revenue earning equipment          
Interest expense, net     204 359  
Operating Segments | Americas RAC          
Revenue earning equipment          
Depreciation and amortization, non-vehicle assets 21 23 42 49  
Property and equipment, net 355   355   415
Total assets 18,739   18,739   17,809
Revenue earning vehicles and non-vehicle capital assets          
Expenditures     (6,299) (4,985)  
Proceeds from disposals     4,495 3,645  
Net expenditures     (1,804) (1,340)  
Revenues 1,918 1,738 3,546 3,228  
Operating Segments | Americas RAC | Vehicle          
Revenue earning equipment          
Interest expense, net 138 129 262 246  
Operating Segments | Americas RAC | Non-vehicle          
Revenue earning equipment          
Interest expense, net 2 1 5 0  
Operating Segments | International RAC          
Revenue earning equipment          
Depreciation and amortization, non-vehicle assets 4 4 7 7  
Property and equipment, net 62   62   63
Total assets 3,755   3,755   3,357
Revenue earning vehicles and non-vehicle capital assets          
Expenditures     (971) (954)  
Proceeds from disposals     710 730  
Net expenditures     (261) (224)  
Revenues 478 447 854 770  
Operating Segments | International RAC | Vehicle          
Revenue earning equipment          
Interest expense, net 27 23 49 46  
Operating Segments | International RAC | Non-vehicle          
Revenue earning equipment          
Interest expense, net (4) (4) (7) (8)  
Unallocated          
Revenue earning equipment          
Depreciation and amortization, non-vehicle assets 1 2 3 3  
Property and equipment, net 88   88   88
Total assets 1,378   1,378   1,145
Revenue earning vehicles and non-vehicle capital assets          
Expenditures     (4) (1)  
Proceeds from disposals     0 1  
Net expenditures     (4) 0  
Unallocated | The Hertz Corporation          
Revenue earning equipment          
Total assets (4)   (4)   $ (3)
Unallocated | Non-vehicle          
Revenue earning equipment          
Interest expense, net $ 96 $ 235 $ 206 $ 367  
[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.