v3.26.3
Segment Information - Schedule of Reportable Segments (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Revenue earning equipment          
Depreciation and amortization, non-vehicle assets $ 28 $ 29 $ 80 $ 88  
Revenue earning vehicles, net 12,967   12,967   $ 12,526
Operating lease right-of-use assets 2,226   2,226   2,257
Total assets [1] 22,746   22,746   22,311
Revenue earning vehicles and non-vehicle capital assets          
Expenditures     (8,929) (7,869)  
Proceeds from disposals     6,903 6,147  
Net expenditures     2,026 1,722  
Revenues 2,617 2,478 7,017 6,476  
Variable Interest Entity, Primary Beneficiary          
Revenue earning equipment          
Total assets 1,200   1,200   1,100
U.S.          
Revenue earning equipment          
Revenue earning vehicles, net 10,623   10,623   10,473
Property and equipment, net 417   417   484
Operating lease right-of-use assets 1,856   1,856   1,927
Total assets 18,317   18,317   18,242
Revenue earning vehicles and non-vehicle capital assets          
Revenues 1,910 1,779 5,315 4,865  
International          
Revenue earning equipment          
Revenue earning vehicles, net 2,344   2,344   2,053
Property and equipment, net 80   80   82
Operating lease right-of-use assets 370   370   330
Total assets 4,429   4,429   4,069
Revenue earning vehicles and non-vehicle capital assets          
Revenues 707 699 1,702 1,611  
The Hertz Corporation          
Revenue earning equipment          
Depreciation and amortization, non-vehicle assets     80 88  
Revenue earning vehicles, net 12,967   12,967   12,526
Property and equipment, net 497   497   566
Operating lease right-of-use assets 2,226   2,226   2,257
Total assets [2] 22,745   22,745   22,308
Revenue earning vehicles and non-vehicle capital assets          
Revenues 2,617 2,478 7,017 6,476  
The Hertz Corporation | Variable Interest Entity, Primary Beneficiary          
Revenue earning equipment          
Total assets 1,400   1,400   1,300
The Hertz Corporation | U.S.          
Revenue earning equipment          
Total assets (1)   (1)   (3)
Hertz Global          
Revenue earning equipment          
Revenue earning vehicles, net 12,967   12,967   12,526
Property and equipment, net 497   497   566
Operating lease right-of-use assets 2,226   2,226   2,257
Non-vehicle          
Revenue earning equipment          
Interest expense, net 88 86      
Americas RAC          
Revenue earning equipment          
Revenue earning vehicles, net 11,125   11,125   10,844
International RAC          
Revenue earning equipment          
Revenue earning vehicles, net 1,842   1,842   1,682
Operating Segments          
Revenue earning equipment          
Property and equipment, net 497   497   566
Revenue earning vehicles and non-vehicle capital assets          
Revenues 2,617 2,478 7,017 6,476  
Operating Segments | Vehicle          
Revenue earning equipment          
Interest expense, net 163 161 474 453  
Operating Segments | Non-vehicle          
Revenue earning equipment          
Interest expense, net     292 445  
Operating Segments | Americas RAC          
Revenue earning equipment          
Depreciation and amortization, non-vehicle assets 23 23 65 72  
Property and equipment, net 347   347   415
Total assets 18,004   18,004   17,809
Revenue earning vehicles and non-vehicle capital assets          
Expenditures     (7,556) (6,492)  
Proceeds from disposals     5,947 5,084  
Net expenditures     1,609 1,408  
Revenues 2,045 1,910 5,591 5,138  
Operating Segments | Americas RAC | Vehicle          
Revenue earning equipment          
Interest expense, net 139 134 401 380  
Operating Segments | Americas RAC | Non-vehicle          
Revenue earning equipment          
Interest expense, net 4 1 9 1  
Operating Segments | International RAC          
Revenue earning equipment          
Depreciation and amortization, non-vehicle assets 3 3 10 10  
Property and equipment, net 64   64   63
Total assets 3,570   3,570   3,357
Revenue earning vehicles and non-vehicle capital assets          
Expenditures     (1,364) (1,376)  
Proceeds from disposals     956 1,066  
Net expenditures     408 310  
Revenues 572 568 1,426 1,338  
Operating Segments | International RAC | Vehicle          
Revenue earning equipment          
Interest expense, net 24 27 73 73  
Operating Segments | International RAC | Non-vehicle          
Revenue earning equipment          
Interest expense, net (3) (4) (10) (12)  
Unallocated          
Revenue earning equipment          
Depreciation and amortization, non-vehicle assets 2 3 5 6  
Property and equipment, net 86   86   88
Total assets 1,172   1,172   1,145
Revenue earning vehicles and non-vehicle capital assets          
Expenditures     (9) (1)  
Proceeds from disposals     0 (3)  
Net expenditures     9 4  
Unallocated | The Hertz Corporation          
Revenue earning equipment          
Total assets (1)   (1)   $ (3)
Unallocated | Non-vehicle          
Revenue earning equipment          
Interest expense, net $ 87 $ 89 $ 293 $ 456  
[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.