v3.26.3
Public Warrants, Equity and Earnings (Loss) Per Common Share – Hertz Global - Schedule of Basic and Diluted Earnings (Loss) Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Numerator:        
Net income (loss) available to Hertz Global common stockholders, basic $ 116 $ 184 $ (153) $ (553)
Net income (loss) available to Hertz Global common stockholders, diluted $ 94 $ 154 $ (232) $ (553)
Denominator:        
Basic weighted-average common shares outstanding (in shares) 320 311 317 309
Dilutive effect of stock options, RSUs and PSUs (in shares) 2 12 0 0
Diluted weighted-average shares outstanding (in shares) 475 364 396 309
Antidilutive:        
Antidilutive stock options, RSUs, PSUs, and PSAs (in shares) 116 88 155 140
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.36 $ 0.59 $ (0.48) $ (1.79)
Diluted (in dollars per share) $ 0.20 $ 0.42 $ (0.59) $ (1.79)
Exchangeable Notes Due 2029        
Numerator:        
Impact of Exchangeable Notes $ (4) $ (30) $ (41) $ 0
Exchangeable Notes Due 2030        
Numerator:        
Impact of Exchangeable Notes 1 0 0 0
Exchangeable First Lien Notes Due 2030        
Numerator:        
Impact of Exchangeable Notes $ (20) $ 0 $ (38) $ 0
Antidilutive Public Warrants        
Antidilutive:        
Antidilutive stock options, RSUs, PSUs, and PSAs (in shares) 89 83 89 83
Antidilutive stock options, RSUs and PSUs        
Antidilutive:        
Antidilutive stock options, RSUs, PSUs, and PSAs (in shares) 27 5 20 17
Exchangeable Notes Due 2029        
Denominator:        
Dilutive effect of Exchangeable Notes (in shares) 44 41 43 0
Antidilutive:        
Antidilutive stock options, RSUs, PSUs, and PSAs (in shares) 0 0 0 40
Exchangeable Notes Due 2030        
Denominator:        
Dilutive effect of Exchangeable Notes (in shares) 46 0 0 0
Antidilutive:        
Antidilutive stock options, RSUs, PSUs, and PSAs (in shares) 0 1 46 0
Exchangeable First Lien Notes Due 2030        
Denominator:        
Dilutive effect of Exchangeable Notes (in shares) 63 0 36 0