v3.26.3
HGH - CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 531 $ 565
Total restricted cash and cash equivalents 592 602
Total cash and cash equivalents and restricted cash and cash equivalents 1,123 1,167
Total receivables, net 1,294 1,110
Prepaid expenses and other assets 707 782
Revenue earning vehicles:    
Vehicles 14,640 14,039
Less: accumulated depreciation (1,673) (1,513)
Total revenue earning vehicles, net 12,967 12,526
Property and equipment, net 497 566
Operating lease right-of-use assets 2,226 2,257
Intangible assets, net 2,887 2,858
Goodwill 1,045 1,045
Total assets [1] 22,746 22,311
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 872 859
Accrued liabilities 989 1,231
Accrued taxes, net 132 131
Total debt 17,911 17,054
Public Warrants 72 222
Operating lease liabilities 2,260 2,275
Self-insured liabilities 633 648
Deferred income taxes, net 366 350
Total liabilities [1] 23,235 22,770
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, no shares issued and outstanding 0 0
Common stock, $0.01 par value, 531,373,578 and 486,543,836 shares issued, respectively, and 356,561,534 and 311,731,792 shares outstanding, respectively 5 5
Treasury stock, at cost, 174,812,044 and 174,812,044 common shares, respectively (3,430) (3,430)
Additional paid-in capital 6,576 6,447
Retained earnings (Accumulated deficit) (3,402) (3,249)
Accumulated other comprehensive income (loss) (238) (232)
Total stockholders' equity (deficit) (489) (459)
Total liabilities and stockholders' equity (deficit) 22,746 22,311
Vehicle    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 209 342
Total debt 11,958 11,629
Non-vehicle    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 663 517
Total debt 5,953 5,425
Vehicle    
ASSETS    
Total restricted cash and cash equivalents 318 317
Total receivables, net 416 381
Non-vehicle    
ASSETS    
Total restricted cash and cash equivalents 274 285
Total receivables, net $ 878 $ 729
[1] Hertz Global Holdings, Inc.'s consolidated total assets as of September 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 September 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.