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(Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]
The following tables present the effect of this correction on our Consolidated Statements of Operations (in millions, except per share data):
 
 
Year ended December 31, 2012
 
Year ended December 31, 2011
 
 
 
As Previously Reported
 
Adjustment
 
As Revised
 
As Previously Reported
 
Adjustment
 
As Revised
 
Total revenues
 
$
9,020.8

 
$
4.1

 
$
9,024.9

 
$
8,298.4

 
$
0.9

 
$
8,299.3

 
Direct operating
 
4,795.8

(a) 
10.2

 
4,806.0

 
4,566.4

(d) 
6.7

 
4,573.1

 
Depreciation of revenue earning equipment and lease charges
 
2,148.2

(b) 
(19.3
)
 
2,128.9

 
1,905.7

(e) 
(9.5
)
 
1,896.2

 
Selling, general and administrative
 
945.7

(c) 
22.4

 
968.1

 
745.3

(f) 
22.4

 
767.7

 
Income before income taxes
 
450.6

 
(9.2
)
 
441.4

 
324.3

 
(18.7
)
 
305.6

 
(Provision) benefit for taxes on income
 
(207.5
)
 
4.7

 
(202.8
)
 
(128.5
)
 
6.7

 
(121.8
)
 
Net income
 
243.1

 
(4.5
)
 
238.6

 
195.8

 
(12.0
)
 
183.8

 
Net income (loss) attributable to Hertz Global Holdings, Inc. and Subsidiaries' common stockholders
 
243.1

 
(4.5
)
 
238.6

 
176.2

 
(12.0
)
 
164.2

 
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.58

 

 
$
0.57

 
$
0.42

 

 
$
0.39

 
Diluted
 
$
0.54

 

 
$
0.53

 
$
0.40

 

 
$
0.37

 
(a)
Primarily consists of $3.6 million adjustments related to Brazil and certain reclassifications of $3.5 million to conform to the current presentation.
(b)
Primarily consists of $23.6 million adjustment related to vendor incentives.
(c)
Primarily consists of $25.9 million adjustment related to vendor incentives, offset by certain reclassifications of $3.5 million to conform to the current presentation.
(d)
Primarily consists of $6.2 million adjustment related to Brazil.
(e)
Primarily consists of $9.5 million adjustment related to vendor incentives.
(f)
Primarily consists of $22.4 million adjustment related to vendor incentives.
 
 
(Unaudited)
 
(Unaudited)
 
 
 
Three Months Ended March 31, 2013
 
Three Months Ended June 30, 2013
 
 
 
As Previously Reported
 
Adjustment **
 
As Revised
 
As Previously Reported
 
Adjustment **
 
As Revised
 
Total revenues
 
$
2,436.5

 
$
0.4

 
$
2,436.9

 
$
2,714.6

 
$
(5.4
)
 
$
2,709.2

 
Direct operating
 
1,351.2

 
7.7

 
1,358.9

 
1,405.9

 
8.3

 
1,414.2

 
Depreciation of revenue earning equipment and lease charges
 
587.0

 
(6.9
)
 
580.1

 
641.1

 
(13.6
)
 
627.5

 
Selling, general and administrative
 
251.7

 
(4.1
)
 
247.6

 
275.0

 
5.9

 
280.9

 
Other (income) expense, net
 
(0.6
)
 
2.3

 
1.7

 
(1.1
)
 
—

 
(1.1
)
 
Income before income taxes
 
72.3

 
1.4

 
73.7

 
211.9

 
(6.0
)
 
205.9

 
(Provision) benefit for taxes on income
 
(54.3
)
 
(3.6
)
 
(57.9
)
 
(90.5
)
 
5.4

 
(85.1
)
 
Net income (loss) attributable to Hertz Global Holdings, Inc. and Subsidiaries' common stockholders
 
18.0

 
(2.2
)
 
15.8

 
121.4

 
(0.6
)
 
120.8

 
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.04

 

 
$
0.04

 
$
0.30

 

 
$
0.30

 
Diluted
 
$
0.04

 

 
$
0.04

 
$
0.27

 

 
$
0.27

 
 
 
(Unaudited)
 
 
 
Six Months Ended June 30, 2013
 
 
 
As Previously Reported
 
Adjustment **
 
As Revised
 
Total revenues
 
$
5,151.2

 
$
(5.0
)
 
$
5,146.2

 
Direct operating
 
2,757.1

 
16.0

 
2,773.1

 
Depreciation of revenue earning equipment and lease charges
 
1,228.1

 
(20.5
)
 
1,207.6

 
Selling, general and administrative
 
526.7

 
1.8

 
528.5

 
Other (income) expense, net
 
(1.7
)
 
2.3

 
0.6

 
Income before income taxes
 
284.2

 
(4.6
)
 
279.6

 
(Provision) benefit for taxes on income
 
(144.8
)
 
1.8

 
(143.0
)
 
Net income (loss) attributable to Hertz Global Holdings, Inc. and Subsidiaries' common stockholders
 
139.4

 
(2.8
)
 
136.6

 
Earnings per share:
 
 
 
 
 
 
 
Basic
 
$
0.34

 
 
 
$
0.33

 
Diluted
 
$
0.31

 
 
 
$
0.31

 
** Refer to explanations (g) through (i) mentioned below for the nine months ended September 30, 2013.
 
 
(Unaudited)
 
(Unaudited)
 
 
 
Three Months Ended September 30, 2013
 
Nine Months Ended September 30, 2013
 
 
 
As Previously Reported
 
Adjustment **
 
As Revised
 
As Previously Reported
 
Adjustment
 
As Revised
 
Total revenues
 
$
3,069.4

 
$
—

 
$
3,069.4

 
$
8,220.6

 
$
(5.0
)
 
$
8,215.6

 
Direct operating
 
1,525.4

 
14.1

 
1,539.5

 
4,282.6

(g) 
30.1

 
4,312.7

 
Depreciation of revenue earning equipment and lease charges
 
676.7

 
(1.8
)
 
674.9

 
1,904.8

(h) 
(22.3
)
 
1,882.5

 
Selling, general and administrative
 
276.8

 
(5.3
)
 
271.5

 
803.5

(i) 
(3.5
)
 
800.0

 
Other (income) expense, net
 
83.4

 
—

 
83.4

 
81.7

 
2.3

 
84.0

 
Income before income taxes
 
328.3

 
(7.0
)
 
321.3

 
612.4

 
(11.6
)
 
600.8

 
(Provision) benefit for taxes on income
 
(113.6
)
 
2.5

 
(111.1
)
 
(258.3
)
 
4.3

 
(254.0
)
 
Net income (loss) attributable to Hertz Global Holdings, Inc. and Subsidiaries' common stockholders
 
214.7

 
(4.5
)
 
210.2

 
354.1

 
(7.3
)
 
346.8

 
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.51

 

 
$
0.49

 
$
0.86

 

 
$
0.84

 
Diluted
 
$
0.47

 

 
$
0.46

 
$
0.78

 

 
$
0.76

 
_______________________________________________________________________________
(g)
Primarily consists of $3.1 million adjustments related to under accruals and certain reclassifications of $23.1 million to conform to the current presentation.
(h)
Primarily consists of $22.1 million adjustment related to vendor incentives.
(i)
Primarily consists of $21.2 million adjustment related to vendor incentives, offset by certain reclassifications of $23.1 million to conform to the current presentation.

 
 
(Unaudited)
 
(Unaudited)
 
 
 
Three Months Ended March 31, 2012
 
Three Months Ended June 30, 2012
 
 
 
As Previously Reported
 
Adjustment *
 
As Revised
 
As Previously Reported
 
Adjustment *
 
As Revised
 
Total revenues
 
$
1,960.9

 
$
0.8

 
$
1,961.7

 
$
2,225.1

 
$
1.1

 
$
2,226.2

 
Direct operating
 
1,114.1

 
0.9

 
1,115.0

 
1,188.9

 
5.3

 
1,194.2

 
Depreciation of revenue earning equipment and lease charges
 
515.1

 
(6.4
)
 
508.7

 
519.8

 
(5.3
)
 
514.5

 
Selling, general and administrative
 
207.8

 
6.2

 
214.0

 
206.6

 
11.8

 
218.4

 
(Loss) income before income taxes
 
(36.8
)
 
0.1

 
(36.7
)
 
158.7

 
(10.7
)
 
148.0

 
(Provision) benefit for taxes on income
 
(19.5
)
 
(0.1
)
 
(19.6
)
 
(65.8
)
 
5.7

 
(60.1
)
 
Net income (loss) attributable to Hertz Global Holdings, Inc. and Subsidiaries' common stockholders
 
(56.3
)
 
—

 
(56.3
)
 
92.9

 
(5.0
)
 
87.9

 
Earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.13
)
 

 
$
(0.13
)
 
$
0.22

 

 
$
0.21

 
Diluted
 
$
(0.13
)
 

 
$
(0.13
)
 
$
0.21

 

 
$
0.20

 
 
 
(Unaudited)
 
 
 
Six Months Ended June 30, 2012
 
 
 
As Previously Reported
 
Adjustment *
 
As Revised
 
Total revenues
 
$
4,186.1

 
$
1.9

 
$
4,188.0

 
Direct operating
 
2,303.1

 
6.2

 
2,309.3

 
Depreciation of revenue earning equipment and lease charges
 
1,034.9

 
(11.7
)
 
1,023.2

 
Selling, general and administrative
 
414.3

 
18.0

 
432.3

 
Income before income taxes
 
121.9

 
(10.6
)
 
111.3

 
(Provision) benefit for taxes on income
 
(85.3
)
 
5.6

 
(79.7
)
 
Net income (loss) attributable to Hertz Global Holdings, Inc. and Subsidiaries' common stockholders
 
36.6

 
(5.0
)
 
31.6

 
Earnings per share:
 
 
 
 
 
 
 
Basic
 
$
0.09

 
 
 
$
0.08

 
Diluted
 
$
0.08

 
 
 
$
0.07

 


 
 
(Unaudited)
 
(Unaudited)
 
 
 
Three Months Ended September 30, 2012
 
Nine Months Ended September 30, 2012
 
 
 
As Previously Reported
 
Adjustment *
 
As Revised
 
As Previously Reported
 
Adjustment *
 
As Revised
 
Total revenues
 
$
2,516.2

 
$
1.0

 
$
2,517.2

 
$
6,702.3

 
$
2.9

 
$
6,705.2

 
Direct operating
 
1,241.1

 
(3.1
)
 
1,238.0

 
3,544.2

 
3.1

 
3,547.3

 
Depreciation of revenue earning equipment and lease charges
 
560.5

 
(3.8
)
 
556.7

 
1,595.4

 
(15.5
)
 
1,579.9

 
Selling, general and administrative
 
201.0

 
3.7

 
204.7

 
615.3

 
21.7

 
637.0

 
Other (income) expense, net
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
368.9

 
4.2

 
373.1

 
490.8

 
(6.4
)
 
484.4

 
(Provision) benefit for taxes on income
 
(126.0
)
 
(3.3
)
 
(129.3
)
 
(211.3
)
 
2.3

 
(209.0
)
 
Net income (loss) attributable to Hertz Global Holdings, Inc. and Subsidiaries' common stockholders
 
242.9

 
0.9

 
243.8

 
279.5

 
(4.1
)
 
275.4

 
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.58

 
 
 
$
0.58

 
$
0.67

 
 
 
$
0.66

 
Diluted
 
$
0.55

 
 
 
$
0.55

 
$
0.63

 
 
 
$
0.62

 
 
 
(Unaudited)
 
 
 
Three Months Ended December 31, 2012
 
 
 
As Previously Reported
 
Adjustment *
 
As Revised
 
Total revenues
 
$
2,318.5

 
$
1.2

 
$
2,319.7

 
Direct operating
 
1,250.6

 
7.1

 
1,257.7

 
Depreciation of revenue earning equipment and lease charges
 
553.8

 
(3.8
)
 
550.0

 
Selling, general and administrative
 
330.4

 
0.7

 
331.1

 
Loss before income taxes
 
(40.3
)
 
(2.8
)
 
(43.1
)
 
(Provision) benefit for taxes on income
 
3.9

 
2.4

 
6.3

 
Net income (loss) attributable to Hertz Global Holdings, Inc. and Subsidiaries' common stockholders
 
(36.4
)
 
(0.4
)
 
(36.8
)
 
Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
 
$
(0.09
)
 

 
$
(0.09
)
 
Diluted
 
$
(0.09
)
 

 
$
(0.09
)
 
_______________________________________________________________________________
* Refer to explanations (a) through (c) mentioned above for the year ended December 31, 2012.
Schedule of estimated useful lives of assets based on which provisions for depreciation and amortization are computed on a straight-line basis
Useful lives are as follows:
Buildings
5 to 50 years
Furniture and fixtures
1 to 15 years
Capitalized internal use software
1 to 10 years
Service cars and service equipment
1 to 13 years
Other intangible assets
3 to 10 years
Leasehold improvements
The shorter of their economic lives or the lease term
Schedule of estimated useful lives of revenue-earning assets
Revenue earning equipment is stated at cost, net of related discounts. Holding periods are as follows:
Cars
4 to 36 months
Other equipment
24 to 108 months