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) |
(553)
|
|
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
|
311,000,000
|
100
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
(317)
|
(15)
|
$ 5
|
$ 0
|
6,432
|
4,633
|
(3,055)
|
(4,379)
|
(269)
|
(269)
|
| 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)
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
184
|
190
|
|
|
|
|
184
|
190
|
|
|
| Other comprehensive income (loss) |
(8)
|
(8)
|
|
|
|
|
|
|
(8)
|
(8)
|
| Stock-based compensation charges |
14
|
14
|
|
|
14
|
14
|
|
|
|
|
| Dividends paid to Hertz Holdings |
|
(4)
|
|
|
|
(4)
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
|
311,000,000
|
100
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
$ (317)
|
$ (15)
|
$ 5
|
$ 0
|
6,432
|
4,633
|
(3,055)
|
(4,379)
|
(269)
|
(269)
|
| 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) |
$ (153)
|
|
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
356,561,534
|
100
|
357,000,000
|
100
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ (489)
|
$ (501)
|
$ 5
|
$ 0
|
6,576
|
4,697
|
(3,402)
|
(4,960)
|
(238)
|
(238)
|
| 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 |
|
|
356,000,000
|
100
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
(628)
|
(627)
|
$ 5
|
$ 0
|
6,557
|
4,673
|
(3,518)
|
(5,058)
|
(242)
|
(242)
|
| Increase (Decrease) in Stockholders' Equity |
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
116
|
98
|
|
|
|
|
116
|
98
|
|
|
| Other comprehensive income (loss) |
4
|
4
|
|
|
|
|
|
|
4
|
4
|
| Stock-based compensation charges |
$ 18
|
18
|
|
|
18
|
18
|
|
|
|
|
| Share Lending Agreement amortization |
|
3
|
|
|
|
3
|
|
|
|
|
| Contributions from Hertz Holdings |
|
$ 3
|
|
|
|
3
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
356,561,534
|
100
|
357,000,000
|
100
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ (489)
|
$ (501)
|
$ 5
|
$ 0
|
$ 6,576
|
$ 4,697
|
$ (3,402)
|
$ (4,960)
|
$ (238)
|
$ (238)
|