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. |