v3.26.3
Debt - Narrative (Details)
$ / shares in Units, $ in Millions, $ in Millions, $ in Millions, € in Billions
 1 Months Ended 3 Months Ended 9 Months Ended
Jul. 31, 2026
USD ($)
Jun. 30, 2026
USD ($)
$ / shares
shares
Feb. 28, 2026
USD ($)
Sep. 30, 2026
USD ($)
Mar. 31, 2026
USD ($)
Sep. 30, 2026
USD ($)
Dec. 31, 2026
USD ($)
Dec. 31, 2026
CAD ($)
Aug. 31, 2026
USD ($)
Aug. 31, 2026
NZD ($)
Jul. 31, 2026
AUD ($)
May 31, 2026
USD ($)
Apr. 30, 2026
USD ($)
Apr. 30, 2026
EUR (€)
Apr. 30, 2026
CAD ($)
Mar. 31, 2026
CAD ($)
Dec. 31, 2025
USD ($)
Sep. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Debt Instrument [Line Items]                                      
Number of business days       5 days   5 days                          
Net carrying amount       $ 18,300,000,000   $ 18,300,000,000                          
Remaining Capacity       3,614,000,000   3,614,000,000                          
Assets [1]       22,746,000,000   22,746,000,000                     $ 22,311,000,000    
Liabilities [1]       23,235,000,000   23,235,000,000                     22,770,000,000    
The Hertz Corporation                                      
Debt Instrument [Line Items]                                      
Assets [2]       22,745,000,000   22,745,000,000                     22,308,000,000    
Liabilities [2]       23,246,000,000   23,246,000,000                     22,551,000,000    
Hertz Fleet Financing UK Limited                                      
Debt Instrument [Line Items]                                      
Assets       178,000,000   178,000,000                     135,000,000    
Liabilities       178,000,000   $ 178,000,000                     135,000,000    
Variable Interest Entity, Primary Beneficiary                                      
Debt Instrument [Line Items]                                      
Ownership percentage           25.00%                          
Assets       1,200,000,000   $ 1,200,000,000                     1,100,000,000    
Liabilities       1,200,000,000   1,200,000,000                     1,100,000,000    
Variable Interest Entity, Primary Beneficiary | The Hertz Corporation                                      
Debt Instrument [Line Items]                                      
Assets       1,400,000,000   1,400,000,000                     1,300,000,000    
Liabilities       1,400,000,000   1,400,000,000                     1,300,000,000    
Letter of Credit                                      
Debt Instrument [Line Items]                                      
Outstanding standby letters of credit       1,100,000,000   1,100,000,000                          
Alternative Letter Of Credit Facility                                      
Debt Instrument [Line Items]                                      
Line of credit facility, increase, net     $ 200,000,000     300,000,000                          
Exchangeable Notes Due 2029                                      
Debt Instrument [Line Items]                                      
Unamortized debt discount       4,000,000   4,000,000                     4,000,000    
Net carrying amount       294,000,000   294,000,000                          
Exchangeable Notes Due 2029 | Senior Notes                                      
Debt Instrument [Line Items]                                      
Aggregate principal amount                                     $ 250,000,000
Interest rate (as a percent)                                     8.00%
Increase in principal amount       11,000,000 $ 11,000,000                            
Unamortized discount, additional amount       4,000,000   4,000,000                          
Unamortized debt discount       61,000,000   61,000,000                     67,000,000    
Fair value of the exchange features       13,000,000   13,000,000                     78,000,000    
Net carrying amount       236,000,000   236,000,000                     270,000,000    
Exchangeable Notes Due 2030                                      
Debt Instrument [Line Items]                                      
Net carrying amount       425,000,000   425,000,000                          
Exchangeable Notes Due 2030 | Senior Notes                                      
Debt Instrument [Line Items]                                      
Aggregate principal amount                                   $ 425,000,000  
Interest rate (as a percent)                                   5.50%  
Unamortized debt discount       87,000,000   87,000,000                     99,000,000    
Fair value of the exchange features       11,000,000   11,000,000                     54,000,000    
Net carrying amount       332,000,000   332,000,000                     $ 360,000,000    
Exchangeable First Lien Notes Due 2030                                      
Debt Instrument [Line Items]                                      
Net carrying amount       380,000,000   380,000,000                          
Exchangeable First Lien Notes Due 2030 | Senior Notes                                      
Debt Instrument [Line Items]                                      
Aggregate principal amount   $ 350,000,000                                  
Interest rate (as a percent)   6.75%                                  
Unamortized discount, additional amount $ 8,000,000                                    
Additional aggregate principal   $ 50,000,000                                  
Increase in principal amount $ 30,000,000                                    
Number of shares issued upon conversion (in shares) | shares   63,457,320                                  
Conversion ratio   0.2795248                                  
Initial exchange price (in dollars per share) | $ / shares   $ 3.58                                  
Redemption price (as a percent)   100.00%                                  
Threshold percentage of stock price trigger   130.00%                                  
Unamortized debt discount   $ 115,000,000   118,000,000   118,000,000                          
Fair value of the exchange features       68,000,000   68,000,000                          
Borrowed shares (in shares) | shares   37,037,037                                  
Debt issuance cost   $ 85,000,000                                  
Fair value of the borrowed Shares       62,000,000   62,000,000                          
Exchangeable First Lien Notes Due 2030 | Senior Notes | The Hertz Corporation                                      
Debt Instrument [Line Items]                                      
Net carrying amount       316,000,000   316,000,000                          
Exchangeable First Lien Notes Due 2030 | Senior Notes | Interest Rate, Payment in Cash                                      
Debt Instrument [Line Items]                                      
Interest rate (as a percent)   3.375%                                  
Exchangeable First Lien Notes Due 2030 | Senior Notes | Interest Rate, Payment In Kind                                      
Debt Instrument [Line Items]                                      
Interest rate (as a percent)   3.375%                                  
HVF III Series 2021-A Class A | Debt Maturity May 2027                                      
Debt Instrument [Line Items]                                      
Net carrying amount                         $ 3,200,000,000            
HVF III Series 2021-A Class A | Debt Maturity May 2028                                      
Debt Instrument [Line Items]                                      
Net carrying amount                         3,000,000,000.0            
HVF III U.S. Vehicle Medium Term Notes | Medium-term Notes                                      
Debt Instrument [Line Items]                                      
Net carrying amount                         $ 221,000,000            
HVF III Series 2026-1 | Senior Notes | Debt Maturity November 2029                                      
Debt Instrument [Line Items]                                      
Net carrying amount                       $ 500,000,000              
HVF III Series 2026-2 | Senior Notes | Debt Maturity November 2031                                      
Debt Instrument [Line Items]                                      
Net carrying amount                       $ 500,000,000              
HVF III Series 2026-3 | Senior Notes | Debt Maturity February 2030                                      
Debt Instrument [Line Items]                                      
Net carrying amount                 $ 375,000,000                    
HVF III Series 2026-3 | Senior Notes | Debt Maturity February 2030 | The Hertz Corporation                                      
Debt Instrument [Line Items]                                      
Net carrying amount                 17,000,000                    
HVF III Series 2026-4 | Senior Notes | Debt Maturity February 2032                                      
Debt Instrument [Line Items]                                      
Net carrying amount                 500,000,000                    
HVF III Series 2026-4 | Senior Notes | Debt Maturity February 2032 | The Hertz Corporation                                      
Debt Instrument [Line Items]                                      
Net carrying amount                 $ 23,000,000                    
European ABS                                      
Debt Instrument [Line Items]                                      
Remaining Capacity       570,000,000   570,000,000                          
European ABS | Debt Maturity April 2027                                      
Debt Instrument [Line Items]                                      
Maximum borrowing capacity | €                           € 1.4          
European ABS | Debt Maturity April 2028                                      
Debt Instrument [Line Items]                                      
Maximum borrowing capacity | €                           € 1.1          
Hertz Canadian Securitization                                      
Debt Instrument [Line Items]                                      
Maximum borrowing capacity                             $ 625 $ 475      
Hertz Canadian Securitization | Forecast                                      
Debt Instrument [Line Items]                                      
Maximum borrowing capacity               $ 475                      
Australian Securitization                                      
Debt Instrument [Line Items]                                      
Maximum borrowing capacity                     $ 400                
Remaining Capacity       45,000,000   45,000,000                          
First Lien RCF                                      
Debt Instrument [Line Items]                                      
Remaining Capacity       $ 415,000,000   $ 415,000,000                          
Maximum consolidated leverage ratio   3.5   3.5 3.0 3.5                   3.0      
First Lien RCF | Revolving Credit Facility                                      
Debt Instrument [Line Items]                                      
Outstanding standby letters of credit       $ 500,000,000   $ 500,000,000                          
First Lien RCF | Forecast                                      
Debt Instrument [Line Items]                                      
Maximum consolidated leverage ratio             3.0 3.0                      
First Lien RCF | Line of Credit                                      
Debt Instrument [Line Items]                                      
Debt instrument, covenant, liquidity, monthly minimum   $ 400,000,000   400,000,000 $ 500,000,000 400,000,000                          
First Lien RCF | Line of Credit | Forecast                                      
Debt Instrument [Line Items]                                      
Debt instrument, covenant, liquidity, monthly minimum             $ 500,000,000                        
Unsecured Letter of Credit Facility | Letter of Credit                                      
Debt Instrument [Line Items]                                      
Outstanding standby letters of credit       326,000,000   326,000,000                          
Term C Loan | Letter of Credit                                      
Debt Instrument [Line Items]                                      
Outstanding standby letters of credit       245,000,000   245,000,000                          
Term C Loan | Medium-term Notes                                      
Debt Instrument [Line Items]                                      
Remaining Capacity       0   0                          
Term C Loan and First Lien Revolving Credit Facility | Medium-term Notes                                      
Debt Instrument [Line Items]                                      
Net carrying amount       0   0                          
New Zealand RCF                                      
Debt Instrument [Line Items]                                      
Remaining Capacity       $ 23,000,000   $ 23,000,000                          
New Zealand RCF | Debt Maturity April 2027                                      
Debt Instrument [Line Items]                                      
Maximum borrowing capacity                   $ 150                  
New Zealand RCF | Debt Maturity April 2028                                      
Debt Instrument [Line Items]                                      
Maximum borrowing capacity                   $ 130                  
[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.
[2] The Hertz Corporation's consolidated total assets as of September 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 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 The Hertz Corporation. See "Pledges Related to Vehicle Financing" in Note 5, "Debt," for further information.