0001364479-17-000031.txt : 20170808 0001364479-17-000031.hdr.sgml : 20170808 20170808091459 ACCESSION NUMBER: 0001364479-17-000031 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 72 CONFORMED PERIOD OF REPORT: 20170630 FILED AS OF DATE: 20170808 DATE AS OF CHANGE: 20170808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HERC HOLDINGS INC CENTRAL INDEX KEY: 0001364479 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING [7350] IRS NUMBER: 203530539 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33139 FILM NUMBER: 171013433 BUSINESS ADDRESS: STREET 1: 27500 RIVERVIEW CENTER BLVD CITY: BONITA SPRINGS STATE: FL ZIP: 34134 BUSINESS PHONE: (239) 301-1000 MAIL ADDRESS: STREET 1: 27500 RIVERVIEW CENTER BLVD CITY: BONITA SPRINGS STATE: FL ZIP: 34134 FORMER COMPANY: FORMER CONFORMED NAME: HERTZ GLOBAL HOLDINGS INC DATE OF NAME CHANGE: 20060531 10-Q 1 herc2017q2form10-q.htm 10-Q Document
Table of Contents             








 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________________________________________________________________
FORM 10-Q
x
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2017
OR
o
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number 001-33139
HERC HOLDINGS INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
 
20-3530539
(I.R.S. Employer
Identification Number)

27500 Riverview Center Blvd.
Bonita Springs, Florida 34134
(239) 301-1000
(Address, including Zip Code, and telephone number,
including area code, of registrant's principal executive offices)

Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes T No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes T No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer 
x
Accelerated filer 
o
Smaller reporting company
o
 
 
 
 
 
 
Non-accelerated filer 
o
(Do not check if a smaller reporting company)
 
Emerging growth company
o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No T

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
Class
 
Shares Outstanding at August 4, 2017
Common Stock, par value $0.01 per share
 
28,346,385
 
 
 
 
 
 
 
 

Table of Contents             







HERC HOLDINGS INC. AND SUBSIDIARIES
TABLE OF CONTENTS

 
 
 
 
 
Page
 
 
 
 
 
 
 
 

Table of Contents             







PART I—FINANCIAL INFORMATION
ITEM l.    FINANCIAL STATEMENTS

HERC HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except par value)
 
June 30,
2017
 
December 31, 2016
ASSETS
(Unaudited)
 
 
Cash and cash equivalents
$
12.0

 
$
24.0

Restricted cash and cash equivalents
10.3

 
7.0

Receivables, net of allowance of $27.7 and $24.9, respectively
309.0

 
293.3

Taxes receivable
10.9

 
7.4

Inventory
25.9

 
24.1

Prepaid expenses and other current assets
17.1

 
15.9

Total current assets
385.2

 
371.7

Revenue earning equipment, net
2,449.0

 
2,390.0

Property and equipment, net
281.3

 
272.0

Intangible assets, net
283.6

 
303.9

Goodwill
91.0

 
91.0

Other long-term assets
35.0

 
34.7

Total assets
$
3,525.1

 
$
3,463.3

LIABILITIES AND EQUITY
 
 
 
Current maturities of long-term debt
$
16.0

 
$
15.7

Accounts payable
314.8

 
139.0

Accrued liabilities
79.6

 
78.2

Taxes payable
14.5

 
10.0

Total current liabilities
424.9

 
242.9

Long-term debt, net
2,145.4

 
2,178.6

Deferred taxes
657.2

 
692.1

Other long-term liabilities
38.8

 
32.0

Total liabilities
3,266.3

 
3,145.6

Commitments and contingencies (Note 10)

 

Equity:
 
 
 
Preferred stock, $0.01 par value, 13.3 shares authorized, no shares issued and outstanding
—

 
—

Common stock, $0.01 par value, 133.3 shares authorized, 31.0 and 31.0 shares issued and 28.3 and 28.3 shares outstanding
0.3

 
0.3

Additional paid-in capital
1,754.1

 
1,753.3

Accumulated deficit
(692.0
)
 
(625.2
)
Accumulated other comprehensive loss
(111.6
)
 
(118.7
)
Treasury stock, at cost, 2.7 shares and 2.7 shares
(692.0
)
 
(692.0
)
Total equity
258.8

 
317.7

Total liabilities and equity
$
3,525.1

 
$
3,463.3



The accompanying notes are an integral part of these financial statements.

1
Table of Contents             







HERC HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited
(In millions, except per share data)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Revenues:
 
 
 
 
 
 
 
Equipment rentals
$
350.8

 
$
327.9

 
$
671.4

 
$
635.7

Sales of revenue earning equipment
46.4

 
31.6

 
100.8

 
69.1

Sales of new equipment, parts and supplies
14.9

 
17.9

 
26.4

 
35.2

Service and other revenues
3.7

 
3.0

 
6.6

 
6.0

Total revenues
415.8

 
380.4

 
805.2

 
746.0

Expenses:
 
 
 
 
 
 
 
Direct operating
168.9

 
159.2

 
338.0

 
317.9

Depreciation of revenue earning equipment
94.3

 
84.2

 
187.2

 
166.0

Cost of sales of revenue earning equipment
51.4

 
38.7

 
106.3

 
84.1

Cost of sales of new equipment, parts and supplies
11.1

 
14.0

 
19.5

 
27.1

Selling, general and administrative
78.8

 
74.2

 
160.0

 
136.7

Impairment
29.3

 
—

 
29.3

 
—

Interest expense, net
31.6

 
13.3

 
69.4

 
19.8

Other expense (income), net
0.2

 
(0.5
)
 
(0.4
)
 
(1.4
)
Total expenses
465.6

 
383.1

 
909.3

 
750.2

Loss before income taxes
(49.8
)
 
(2.7
)
 
(104.1
)
 
(4.2
)
Income tax benefit (provision)
22.2

 
(5.3
)
 
37.3

 
(5.3
)
Net loss
$
(27.6
)
 
$
(8.0
)
 
$
(66.8
)
 
$
(9.5
)
Weighted average shares outstanding:
 
 
 
 
 
 
 
Basic
28.3

 
28.3

 
28.3

 
28.3

Diluted
28.3

 
28.3

 
28.3

 
28.3

Loss per share:
 
 
 
 
 
 
 
Basic
$
(0.98
)
 
$
(0.28
)
 
$
(2.36
)
 
$
(0.34
)
Diluted
$
(0.98
)
 
$
(0.28
)
 
$
(2.36
)
 
$
(0.34
)


The accompanying notes are an integral part of these financial statements.


2
Table of Contents             







HERC HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Unaudited
(In millions)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Net loss
$
(27.6
)
 
$
(8.0
)
 
$
(66.8
)
 
$
(9.5
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
Foreign currency translation adjustments
7.0

 
1.7

 
8.7

 
23.9

Unrealized gains and losses on hedging instruments:
 
 
 
 
 
 
 
Unrealized losses on hedging instruments
(0.5
)
 
—

 
(0.9
)
 
—

Income tax benefit related to hedging instruments
0.2

 
—

 
0.4

 
—

Pension and postretirement benefit liability adjustments:
 
 
 
 
 
 
 
Amortization of net losses included in net periodic pension cost
0.5

 
0.4

 
0.9

 
0.9

Pension and postretirement benefit liability adjustments arising during the period
(2.7
)
 
(7.6
)
 
(2.7
)
 
(7.8
)
Income tax benefit related to defined benefit pension plans
0.9

 
2.7

 
0.7

 
2.6

Total other comprehensive income (loss)
5.4

 
(2.8
)
 
7.1

 
19.6

Total comprehensive income (loss)
$
(22.2
)
 
$
(10.8
)
 
$
(59.7
)
 
$
10.1




The accompanying notes are an integral part of these financial statements.


3
Table of Contents             







HERC HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Unaudited
(In millions)

 
Common Stock
 
Additional
Paid-In Capital
 
Accumulated
Deficit
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Treasury Stock
 
Total
Equity
Balance at:
Shares
 
Amount
 
December 31, 2016
28.3

 
$
0.3

 
$
1,753.3

 
$
(625.2
)
 
$
(118.7
)
 
$
(692.0
)
 
$
317.7

Net loss
—

 
—

 
—

 
(66.8
)
 
—

 
—

 
(66.8
)
Other comprehensive income
—

 
—

 
—

 
—

 
7.1

 
—

 
7.1

Stock-based compensation charges
—

 
—

 
4.5

 
—

 
—

 
—

 
4.5

Employee stock purchase plan
—

 
—

 
0.3

 
—

 
—

 
—

 
0.3

Net transfers with THC
—

 
—

 
(4.0
)
 
—

 
—

 
—

 
(4.0
)
June 30, 2017
28.3

 
$
0.3

 
$
1,754.1

 
$
(692.0
)
 
$
(111.6
)
 
$
(692.0
)
 
$
258.8




The accompanying notes are an integral part of these financial statements.


4
Table of Contents                    
HERC HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Unaudited
(In millions)


 
Six Months Ended June 30,
 
2017
 
2016
Cash flows from operating activities:
 
 
 
Net loss
$
(66.8
)
 
$
(9.5
)
Adjustments to reconcile net loss to net cash provided by operating activities:
 
 
 
Depreciation of revenue earning equipment
187.2

 
166.0

Depreciation of property and equipment
22.1

 
18.6

Amortization of intangible assets
2.2

 
2.5

Amortization of deferred financing costs
3.2

 
2.4

Stock-based compensation charges
4.5

 
2.7

Impairment
29.3

 
—

Provision for receivables allowance
21.9

 
24.4

Deferred taxes
(37.3
)
 
5.3

Loss on sale of revenue earning equipment
5.5

 
15.0

Income from joint ventures
(0.7
)
 
(1.4
)
Other
0.7

 
3.5

Changes in assets and liabilities:
 
 
 
Receivables
(31.7
)
 
(16.4
)
Inventory, prepaid expenses and other assets
(2.3
)
 
(7.6
)
Accounts payable
(15.6
)
 
(13.2
)
Accrued liabilities and other long-term liabilities
(3.3
)
 
20.0

Taxes receivable and payable
3.7

 
(4.2
)
Net cash provided by operating activities
122.6

 
208.1

Cash flows from investing activities:
 
 
 
Net change in restricted cash and cash equivalents
(3.3
)
 
5.6

Revenue earning equipment expenditures
(160.8
)
 
(142.5
)
Proceeds from disposal of revenue earning equipment
88.6

 
74.2

Non-rental capital expenditures
(26.0
)
 
(13.4
)
Proceeds from disposal of property and equipment
1.7

 
2.8

Net cash used in investing activities
(99.8
)
 
(73.3
)


The accompanying notes are an integral part of these financial statements.


5

HERC HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
Unaudited
(In millions)

 
Six Months Ended June 30,
 
2017
 
2016
Cash flows from financing activities:
 
 
 
Proceeds from issuance of long-term debt
—

 
1,235.0

Repayments of long-term debt
(123.5
)
 
—

Proceeds from revolving lines of credit
279.4

 
1,619.0

Repayments on revolving lines of credit
(183.7
)
 
(780.0
)
Principal payments under capital lease obligations
(7.8
)
 
(5.1
)
Proceeds from exercise of stock options and other
—

 
10.0

Net settlement on vesting of equity awards
—

 
(0.5
)
Proceeds from employee stock purchase plan
0.3

 
—

Net transfers to THC
—

 
(2,074.8
)
Net financing activities with affiliates
—

 
(67.4
)
Payment of debt financing costs
—

 
(41.1
)
Net cash used in financing activities
(35.3
)
 
(104.9
)
Effect of foreign exchange rate changes on cash and cash equivalents
0.5

 
0.5

Net increase (decrease) in cash and cash equivalents during the period
(12.0
)
 
30.4

Cash and cash equivalents at beginning of period
24.0

 
24.7

Cash and cash equivalents at end of period
$
12.0

 
$
55.1

 
 
 
 
Supplemental disclosure of cash flow information:
 
 
 
Cash paid for interest, net of amounts capitalized
$
64.9

 
$
12.8

Cash paid for income taxes, net of refunds
$
1.8

 
$
4.6

Supplemental disclosure of non-cash investing activity:
 
 
 
Purchases of revenue earning equipment in accounts payable
$
176.9

 
$
163.0

Sales of revenue earning equipment in accounts receivable
$
4.4

 
$
—

Non-rental capital expenditures in accounts payable
$
13.2

 
$
7.8

Supplemental disclosure of non-cash financing activity:
 
 
 
Debt issuance costs included in accrued liabilities
$
—

 
$
0.5

Non-cash settlement of transactions with THC through equity
$
4.0

 
$
97.9

Supplemental disclosure of non-cash investing and financing activity:
 
 
 
Equipment acquired through capital lease
$
0.2

 
$
20.3







The accompanying notes are an integral part of these financial statements.


6

HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
Unaudited


Note 1—Background

Herc Holdings Inc. ("we," "us," "our," "Herc Holdings" or "the Company," or as the context requires, "its") is one of the leading equipment rental suppliers with approximately 275 company-owned locations at June 30, 2017, principally in North America. The Company conducts substantially all of its operations through subsidiaries, including Herc Rentals Inc. ("Herc"). Operations are conducted under the Herc Rentals brand in the United States and under the Hertz Equipment Rental brand in Canada and other international locations. The Company has been in the equipment rental business since 1965 and is a full-line equipment rental supplier in key markets, including commercial and residential construction, industrial and manufacturing, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture, as well as refineries and petrochemicals. The equipment rental business is supported by ProSolutionsTM, the Company's industry-specific solutions-based services, and its professional grade tools, commercial vehicles, and pump, power and climate control product offerings.

On June 30, 2016 the Company, in its previous form as the holding company of both the existing equipment rental operations as well as the former vehicle rental operations (in its form prior to the Spin-Off, "Hertz Holdings"), completed a spin-off (the "Spin-Off") of its global vehicle rental business through a dividend to stockholders of all of the issued and outstanding common stock of Hertz Rental Car Holding Company, Inc., which was re-named Hertz Global Holdings, Inc. ("New Hertz") in connection with the Spin-Off. New Hertz is now an independent public company and trades on the New York Stock Exchange under the symbol "HTZ." New Hertz continues to operate its global vehicle rental business through its operating subsidiaries including The Hertz Corporation ("THC"). The Company changed its name to Herc Holdings Inc. on June 30, 2016 and trades on the New York Stock Exchange under the symbol “HRI.” Following the Spin-Off, the Company continues to operate its global equipment rental business through its operating subsidiaries, including Herc.

For accounting purposes, due to the relative significance of New Hertz to Hertz Holdings, New Hertz was considered the spinnor or divesting entity in the Spin-Off and Herc Holdings was considered the spinnee or divested entity. As a result, despite the legal form of the transaction, New Hertz was the "accounting successor" to Hertz Holdings. Under the accounting rules, the historical financial information of New Hertz is required to reflect the financial information of Hertz Holdings, as if New Hertz spun off Herc Holdings in the Spin-Off. In contrast, the historical financial information of Herc Holdings for the three and six months ended June 30, 2016 presented in these condensed consolidated financial statements reflects the financial information of the equipment rental business and certain parent legal entities of Herc as historically operated as part of Hertz Holdings, as if Herc Holdings was a stand-alone company for such period. The historical financial information of Herc Holdings presented in these condensed consolidated financial statements is not necessarily indicative of what Herc Holdings’ financial position or results of operations actually would have been had Herc Holdings operated as a separate, independent company for the periods presented.

Note 2—Basis of Presentation and Recently Issued Accounting Pronouncements

Basis of Presentation

The Company prepares its condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). In the opinion of management, the condensed consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and footnotes. Actual results could differ materially from those estimates.

Significant estimates inherent in the preparation of the condensed consolidated financial statements include depreciation of revenue earning equipment, pension and postretirement benefits, the recoverability of long-lived assets, useful lives and impairment of long-lived tangible and intangible assets including goodwill and trade name, accounting for income taxes, valuation of stock-based compensation, reserves for litigation and other contingencies, allowances for receivables and, prior to the Spin-Off, allocated general corporate expenses from THC, among others.


7
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



The financial statements for the three and six months ended June 30, 2016 included in this Quarterly Report on Form 10-Q (this "Report") represent the carve-out financial results.

Principles of Consolidation

The condensed consolidated financial statements include the accounts of Herc Holdings and its wholly owned subsidiaries. In the event that the Company is a primary beneficiary of a variable interest entity, the assets, liabilities and results of operations of the variable interest entity are included in the Company's condensed consolidated financial statements. The Company accounts for its investments in joint ventures using the equity method when it has significant influence but not control and is not the primary beneficiary. All significant intercompany transactions have been eliminated in consolidation.

Transactions between the Company and THC and its affiliates prior to the Spin-Off are herein referred to as “related party” or “affiliated” transactions for the 2016 periods presented. Effective with the Spin-Off on June 30, 2016, all transactions with THC and its affiliates were settled and paid in full. Effective upon the Spin-Off, the Company entered into certain agreements with New Hertz, including a transition service agreement ("TSA"). See Note 15, "Arrangements with New Hertz" for further information.

For periods prior to the Spin-Off, the condensed consolidated financial statements include net interest expense on loans receivable and payable to affiliates and expense allocations for certain corporate functions historically performed by THC, including, but not limited to, general corporate expenses related to finance, legal, information technology, human resources, communications, employee benefits and incentives, insurance and stock-based compensation. These expenses were allocated to the Company on the basis of direct usage when identifiable, with the remainder allocated on the basis of revenues, operating expenses, headcount or other relevant measures. Management believes the assumptions underlying the condensed consolidated financial statements, including the assumptions regarding the allocation of corporate expenses from THC, are reasonable. Nevertheless, the condensed consolidated financial statements may not include all of the expenses that would have been incurred had the Company been a stand-alone company during the periods presented and may not reflect the Company's condensed consolidated financial position, results of operations and cash flows had the Company been a stand-alone company during the periods presented. Actual costs that would have been incurred if the Company had been a stand-alone company would have depended on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. For additional information related to costs allocated to the Company by THC, see Note 14, "Related Party Transactions."

Reclassification of Prior Period Presentation

Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported condensed consolidated balance sheets, results of operations, equity or cash flows for any period presented.

Correction of Errors

The Company has revised its condensed consolidated statement of operations for the three and six months ended June 30, 2016 to correct the recording of $1.8 million and $3.0 million, respectively, of expense from direct operating expense into selling, general and administrative expense, which did not impact net income. The correction resulted from incorrect mapping of certain expense accounts to the financial statement line items.

During the first quarter of 2017, the Company identified an error related to its classification of certain restricted cash. Accordingly, the Company has revised its consolidated balance sheet as of December 31, 2016 to correct the classification of $12.4 million from restricted cash to cash and cash equivalents as the cash was determined to be available for use in general operations. This correction also impacted the condensed consolidated statements of cash flows for the six months ended June 30, 2016 by reducing cash used in investing activities by $3.5 million and increasing cash and cash equivalents at the beginning and end of the period by $9.0 million and $12.5 million, respectively. The Company will also correct its previously reported financial statements in its future filings. The Company assessed the materiality of the error from qualitative and quantitative perspectives and concluded the adjustments were not material to its previously issued annual and interim financial statements. There was no impact of this error to the condensed consolidated statement of operations, condensed consolidated statements of other comprehensive income (loss) or condensed consolidated statement of equity presented in this Report or for any period.

8
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited




Recently Issued Accounting Pronouncements

Adopted

Simplifying the Subsequent Measurement of Inventory

In July 2015, the Financial Accounting Standards Board ("FASB") issued guidance that requires inventory to be measured at the lower of cost and net realizable value (rather than cost or market), excluding inventory measured using the last-in, first-out method or the retail inventory method. Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's financial position, results of operations or cash flows.

Simplifying the Transition to the Equity Method of Accounting

In March 2016, the FASB issued guidance that eliminates the requirement to apply the equity method of accounting retrospectively when significant influence over a previously held investment is obtained. Rather, the guidance requires the investor to add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method of accounting. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's financial position, results of operations or cash flows.

Improvements to Employee Share-Based Payment Accounting

In March 2016, the FASB issued guidance that simplifies several areas of employee share-based payment accounting, including: (i) eliminating tracking of tax "windfalls" in a separate pool within additional paid-in capital; instead, excess tax benefits and tax deficiencies are recorded within income tax expense; (ii) eliminating the requirement that excess tax benefits be realized before they can be recognized which is required to be recorded as an adjustment to opening retained earnings; however, the impact to the Company upon adoption was immaterial; (iii) presentation of excess tax benefits as an operating activity on the statement of cash flows, which had no impact on the Company; (iv) presentation of employee taxes paid directly to a taxing authority when directly withholding shares for tax-withholding purposes as a financing activity on the statement of cash flows, which had no impact as the Company has historically followed this presentation and (v) making a policy election regarding treatment of forfeitures, with respect to which the Company will continue to estimate forfeitures. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's consolidated statement of operations.

Not Yet Adopted

Revenue from Contracts with Customers

In May 2014, the FASB issued guidance that will replace most existing revenue recognition guidance in U.S. GAAP. The new guidance applies to all contracts with customers except for leases, insurance contracts, financial instruments, certain nonmonetary exchanges and certain guarantees. The core principle of the guidance is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The new principles-based revenue recognition model requires an entity to perform five steps in its analysis: 1) identify the contract(s) with a customer, 2) identify the performance obligations in the contract, 3) determine the transaction price, 4) allocate the transaction price to the performance obligations in the contract, and 5) recognize revenue when (or as) the entity satisfies a performance obligation. Under the new guidance, performance obligations in a contract will be separately identified, which may impact the timing of recognition of the revenue allocated to each obligation. The measurement of revenue recognized may also be impacted by identification of new performance obligations and other matters, such as collectability and variable consideration. Also, additional disclosures are required about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The new guidance may be adopted on either a full or modified retrospective basis. As originally issued, the guidance was effective for annual reporting periods beginning after December 15, 2016, including interim periods within those reporting periods. However in July 2015, the FASB agreed to defer the effective date until annual and interim reporting periods beginning after December 15, 2017.

9
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited




In March 2016, the FASB issued clarifying guidance on assessing whether an entity is a principal or an agent in a revenue transaction, which impacts whether an entity reports revenue on a gross or net basis. In April 2016, the FASB issued guidance that reduces the complexity for identifying performance obligations and clarifies the implementation guidance on licensing for intellectual property. In May 2016, the FASB issued guidance that clarifies the collectability criterion, the presentation of sales taxes and non-cash consideration, and provides additional implementation practical expedients.

The Company believes the accounting for equipment rental revenue is primarily outside of the scope of the revenue guidance and will be evaluated under the new lease guidance, which is described further under the heading "Leases" below. The Company is in the process of evaluating the guidance with respect to sales of revenue earning equipment, sales of new equipment, parts and supplies and service and other revenues and intends to determine the adoption method and preliminary impact on the Company's financial statements during the third quarter of 2017.

Leases

In February 2016, the FASB issued guidance that replaces the existing lease guidance. The new guidance establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. This guidance also expands the requirements for lessees to record leases embedded in other arrangements and the required quantitative and qualitative disclosures surrounding leases. Accounting guidance for lessors is largely unchanged. This guidance is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods using a modified retrospective transition approach. The Company is in the process of assessing the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments

In August 2016, the FASB issued guidance to eliminate the diversity in practice related to the classification of certain cash receipts and payments in the statement of cash flows, by adding or clarifying guidance on eight specific cash flow issues. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. The Company is in the process of assessing the potential impacts of adopting this guidance on its statement of cash flows.

Statement of Cash Flows: Restricted Cash

In November 2016, the FASB issued guidance requiring restricted cash and cash equivalents to be included with cash and cash equivalents on the statement cash flows. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. The Company is in the process of assessing the potential impacts of adopting this guidance on its statement of cash flows.

Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory

In October 2016, the FASB issued guidance requiring an entity to recognize upon transfer the income tax consequences of an intra-entity transfer of an asset other than inventory, eliminating the current recognition exception. Two common examples of assets included in the scope of this standard are intellectual property and property, plant and equipment. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Simplifying the Test for Goodwill Impairment

In January 2017, the FASB issued guidance to simplify the subsequent measurement of goodwill by removing the second step of the two-step impairment test. The guidance requires that an entity recognize an impairment charge for the amount by which the carrying amount of the reporting unit exceeds the reporting unit’s fair value. This guidance is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.


10
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs

In March 2017, the FASB issued guidance on the presentation of net periodic pension and postretirement benefit costs in the income statement and on the components eligible for capitalization. The guidance requires the reporting of the service cost component of the net periodic benefit costs in the same income statement line item as other components of net periodic costs arising from services rendered by an employee during the period, and that non-service-cost components be presented in the income statement separately from the service cost components and outside a subtotal of income from operations. The guidance also allows for the capitalization of the service cost components, when applicable. This guidance is effective for annual and interim periods beginning after December 15, 2017. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Compensation - Stock Compensation
In May 2017, the FASB issued guidance on which changes to the terms or conditions of a share-based payment award requires an entity to apply modification accounting. Under the updated guidance, a modification is defined as a change in the terms or conditions of a share-based payment award, and an entity should account for the effects of a modification unless all of the following are met:

1.
The fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation techniques that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification.
2.
The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified.
3.
The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified.

This guidance requires prospective adoption and is effective for annual and interim periods beginning after December 15, 2017, with early adoption permitted. The Company does not expect the guidance to have significant impact on its financial position, results of operations or cash flows.

Note 3—Revenue Earning Equipment
  
Revenue earning equipment consists of the following (in millions):
 
June 30, 2017
 
December 31, 2016
Revenue earning equipment
$
3,782.2

 
$
3,695.5

Less: Accumulated depreciation
(1,333.2
)
 
(1,305.5
)
Revenue earning equipment, net
$
2,449.0

 
$
2,390.0


During the three months ended June 30, 2017, the Company deemed certain revenue earning equipment, with a net book value of approximately $3.8 million, to be held for sale and reclassified such equipment to "Prepaid and other current assets" in the condensed consolidated balance sheet. The Company performed an impairment assessment of such revenue earning equipment and recorded a charge of $3.1 million during the quarter ended June 30, 2017.

Note 4—Intangible Asset Impairment

The Company has been in the process of developing a new financial system and point of sale system as part of the separation from New Hertz that was initiated prior to the Spin-Off.  During June 2017, the Company made the decision to discontinue developing these new systems based on the inability to provide the anticipated substantive service potential and significantly higher costs than were originally expected to develop the systems. Thus, the Company recorded an impairment charge of $26.2 million during the three months ended June 30, 2017.


11
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



Note 5—Debt

The Company's debt consists of the following (in millions):
 
 
Weighted Average Effective Interest Rate at June 30, 2017
 
Weighted Average Stated Interest Rate at June 30, 2017
 
Fixed or Floating Interest Rate
 
Maturity
 
June 30,
2017
 
December 31,
2016
Senior Secured Second Priority Notes
 
 
 
 
 
 
 
 
 
 
 
 
2022 Notes
 
7.88%
 
7.50%
 
Fixed
 
2022
 
$
549.0

 
$
610.0

2024 Notes
 
8.06%
 
7.75%
 
Fixed
 
2024
 
562.5

 
625.0

Other Debt
 
 
 
 
 
 
 
 
 
 
 
 
ABL Credit Facility
 
N/A
 
2.95%
 
Floating
 
2021
 
1,005.0

 
910.0

Capital leases
 
4.00%
 
N/A
 
Fixed
 
2016-2021
 
62.1

 
70.3

Other borrowings
 
N/A
 
4.79%
 
Floating
 
2018
 
0.5

 
—

Unamortized Debt Issuance Costs(a)
 
 
 
 
 
 
 
 
 
(17.7
)
 
(21.0
)
Total debt
 
 
 
 
 
 
 
 
 
2,161.4

 
2,194.3

Less: Current maturities of long-term debt
 
 
 
 
 
 
 
 
 
(16.0
)
 
(15.7
)
Long-term debt, net
 
 
 
 
 
 
 
 
 
$
2,145.4

 
$
2,178.6


(a)
Unamortized debt issuance costs totaling $15.2 million and $17.1 million related to the ABL Credit Facility (as defined below) are included in "Other long-term assets" in the condensed consolidated balance sheets as of June 30, 2017 and December 31, 2016, respectively.

The effective interest rates for the fixed rate 2022 Notes and 2024 Notes (as defined below) include the stated interest on the notes and the amortization of any debt issuance costs.

Senior Secured Second Priority Notes

In June 2016, Herc issued $610.0 million aggregate principal amount of 7.50% senior secured second priority notes due 2022 (the "2022 Notes") and $625.0 million aggregate principal amount of 7.75% senior secured second priority notes due 2024 (the "2024 Notes" and, together with the 2022 Notes, the "Notes"). Interest on the 2022 Notes accrues at the rate of 7.50% per annum and is payable semi-annually in arrears on June 1 and December 1. The 2022 Notes mature on June 1, 2022. Interest on the 2024 Notes accrues at the rate of 7.75% per annum and is payable semi-annually in arrears on June 1 and December 1. The 2024 Notes mature on June 1, 2024.

On March 10, 2017 Herc drew down on its ABL Credit Facility (as defined below) and redeemed $61.0 million in aggregate principal amount of the 2022 Notes and $62.5 million in aggregate principal amount of the 2024 Notes and recorded a $5.8 million loss on the early extinguishment of debt, comprised of a 3% cash premium totaling $3.7 million and a non-cash charge of $2.1 million for the write-off of unamortized debt issuance costs. The loss on early extinguishment of debt is included in "Interest expense, net” in the Company's condensed consolidated statement of operations.

ABL Credit Facility

The Company's asset-based revolving credit agreement, executed by its Herc subsidiary, provides for senior secured revolving loans up to a maximum aggregate principal amount of $1,750 million (subject to availability under a borrowing base), including revolving loans in an aggregate principal amount of $350 million available to Canadian borrowers and U.S. borrowers (the "ABL Credit Facility"). Up to $250 million of the revolving loan facility is available for the issuance of letters of credit, subject to certain conditions including issuing lender participation. Extensions of credit under the ABL Credit Facility are limited by a borrowing base calculated periodically based on specified percentages of the value of eligible rental equipment, eligible service vehicles, eligible spare parts and merchandise, eligible accounts receivable, and eligible unbilled accounts subject to certain reserves and other adjustments. Subject to the satisfaction of certain conditions and limitations, the ABL Credit Facility allows for the addition of incremental revolving and/or term loan commitments. In addition, the ABL Credit Facility permits Herc to increase the amount of commitments under the ABL Credit Facility with the consent of each lender providing an additional commitment, subject to satisfaction of certain conditions. The ABL Credit Facility matures on June 30, 2021.


12
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



The interest rates applicable to the loans under the ABL Credit Facility are based on a fluctuating rate of interest measured by reference to either, at the borrowers’ option, (i) an adjusted London inter-bank offered rate, plus a borrowing margin or (ii) an alternate base rate, plus a borrowing margin (or, in the case of the Canadian borrowers, a rate equal to the rate on bankers’ acceptances with the same maturity, plus a borrowing margin). The borrowing margin on the ABL Credit Facility is determined based on a pricing grid that is bifurcated based on corporate credit ratings, with levels within the grid based on available commitments. Customary fees are also payable in respect of the ABL Credit Facility, including a commitment fee on the unutilized portion thereof.

Other Borrowings

In June 2017, the Company's subsidiary in China entered into uncommitted credit agreements with a bank for up to the maximum aggregate principal amount of $10.0 million. Interest accrues on the loans drawn under these facilities at a rate of 110% of the prevailing base lending rates published by People's Bank of China and is payable quarterly. As of June 30, 2017, the Company had short-term borrowings under these facilities totaling $0.5 million.

Covenants

Notes

The indenture governing the Notes contains covenants that, among other things, limit the ability of Herc to incur additional indebtedness, guarantee indebtedness or issue certain preferred shares; pay dividends on, redeem or repurchase stock or make other distributions in respect of its capital stock; repurchase, prepay or redeem subordinated indebtedness; make loans and investments; create liens; transfer or sell assets; consolidate, merge or sell or otherwise dispose of all or substantially all of its assets; enter into certain transactions with affiliates; and designate subsidiaries as unrestricted subsidiaries. 

ABL Credit Facility

The ABL Credit Facility contains a number of negative covenants that, among other things, limit or restrict the ability of the borrowers and, in certain cases, their restricted subsidiaries to dispose of assets, incur additional indebtedness, incur guarantee obligations, prepay certain indebtedness, make certain dividends, create liens, make investments, make acquisitions, engage in mergers, change the nature of their business, engage in certain transactions with affiliates and enter into certain restrictive agreements.

Failure to maintain certain levels of liquidity will subject the Herc credit group to a contractually specified fixed charge coverage ratio of not less than 1:1 for the four quarters most recently ended. As of June 30, 2017, the Company was not subject to the fixed charge coverage ratio test.

Covenants in the ABL Credit Facility restrict payment of cash dividends to any parent of Herc, including Herc Holdings, except in an aggregate amount, taken together with certain investments, acquisitions and optional prepayments, not to exceed $200 million. Herc may also pay additional cash dividends under the ABL Credit Facility under certain circumstances.

The ABL Credit Facility also contains certain affirmative covenants, including financial and other reporting requirements.

Borrowing Capacity and Availability

After outstanding borrowings, the following was available to the Company under the ABL Credit Facility as of June 30, 2017 (in millions):
 
Remaining
Capacity
 
Availability Under
Borrowing Base
Limitation
ABL Credit Facility
$
720.5

 
$
720.5


In addition, as of June 30, 2017, the Company's subsidiary in China had uncommitted credit facilities of which $9.5 million was unutilized.



13
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited




Letters of Credit

As of June 30, 2017, the ABL Credit Facility had $225.5 million available under the letter of credit facility sublimit, subject to borrowing base restrictions, as $24.5 million of standby letters of credit were issued and outstanding, none of which have been drawn upon.
   
Note 6—Employee Retirement Benefits

In July 2016, the Company established the Herc Holdings Retirement Plan (the "Plan"). Prior to the Spin-Off, the Company participated in The Hertz Corporation Account Balance Defined Benefit Pension Plan (the "Hertz Plan"). The majority of assets and liabilities attributable to current and former employees of the equipment rental business were transferred from the Hertz Plan to the Plan following the Spin-Off based on a preliminary allocation. The final allocation and transfer was completed in April 2017 and was $4.0 million lower than the preliminary allocation, resulting in an increase to the pension liability funded status and a corresponding offset to additional paid-in capital.

The following table sets forth the net periodic pension cost (benefit) (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Components of Net Periodic Pension Cost (Benefit):
 
 
 
 
 
 
 
Interest cost
$
1.5

 
$
1.5

 
$
3.0

 
$
3.1

Expected return on plan assets
(1.5
)
 
(2.0
)
 
(3.1
)
 
(4.0
)
Net amortizations of actuarial net loss
0.5

 
0.4

 
0.9

 
0.9

Net periodic pension cost (benefit)
$
0.5

 
$
(0.1
)
 
$
0.8

 
$
—


Note 7—Stock-Based Compensation

During the three months ended June 30, 2017, under the Herc Holdings Inc. 2008 Omnibus Incentive Plan (the "Omnibus Plan"), the Company granted 39,227 restricted stock units ("RSUs") and 4,510 performance stock units ("PSUs") at a weighted average grant date fair value of $37.46 per unit. Approximately 27,800 of the RSUs vest 100% one year following the grant date with the remaining vesting 100% three years following the grant date, and the PSUs vest 100% three years following the grant date provided the performance target is met at the vesting date.

A summary of the total compensation expense and associated income tax benefits recognized under the Omnibus Plan are as follows (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Compensation expense
$
3.0

 
$
1.7

 
$
4.5

 
$
2.7

Income tax benefit
(1.2
)
 
(0.6
)
 
(1.8
)
 
(1.0
)
Total
$
1.8

 
$
1.1

 
$
2.7

 
$
1.7


Stock-based compensation expense includes expense attributable to the Company based on the terms of the awards granted under the Omnibus Plan to the Company's employees. Additionally, during three and six months ended June 30, 2016, stock-based compensation expense includes an allocation of THC's corporate and shared functional employee expenses of $1.4 million and $2.0 million, respectively, on a pre-tax basis.

As of June 30, 2017, there was $21.5 million of total unrecognized compensation cost related to non-vested stock options, RSUs and PSUs granted under the Omnibus Plan. The total unrecognized compensation cost is expected to be recognized over the remaining 2.2 years, on a weighted average basis, of the requisite service period that began on the grant dates.


14
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



Employee Stock Purchase Plan

In connection with the Spin-Off, Herc Holdings inherited the Hertz Global Holdings, Inc. Employee Stock Purchase Plan (the "ESPP"). At the date of the Spin-Off, the ESPP had been suspended; however, the Company reinstated the ESPP on January 1, 2017, which was amended and restated as the Herc Holdings Inc. Employee Stock Purchase Plan.

The ESPP enables eligible employees to purchase the Company's common stock at a price per share equal to 85% of the fair market value of a share at the acquisition date. Payment for shares is made through payroll deductions based on a predetermined contribution amount established by the individual employee. During the three and six months ended June 30, 2017, the Company recognized compensation expense of $0.1 million and $0.2 million, respectively, related to the ESPP.

Note 8—Income Taxes

Income tax benefit was $22.2 million and $37.3 million, respectively, for the three and six months ended June 30, 2017 compared to an income tax expense of $5.3 million and $5.3 million, respectively, for the same periods in 2016. The income tax benefit in 2017 was primarily driven by pre-tax losses, partially offset by non-deductible expenses and valuation allowances recorded on losses generated by foreign loss jurisdictions. The effective tax rate for the full fiscal year 2017 is expected to be approximately 35%.

In connection with the Spin-Off, net operating loss carryforwards were split between the Company and New Hertz pursuant to the Internal Revenue Code and regulations. While not expected to be significant, the split of net operating loss carryforwards may be further adjusted as income tax returns are finalized through 2017.

Note 9—Accumulated Other Comprehensive Income (Loss)

The changes in the accumulated other comprehensive income (loss) balance by component (net of tax) for the six months ended June 30, 2017 are presented in the table below (in millions).
 
Pension and Other Post-Employment Benefits
 
Unrealized Losses on Hedging Instruments
 
Foreign Currency Items
 
Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2016
$
(14.6
)
 
$
—

 
$
(104.1
)
 
$
(118.7
)
Other comprehensive income (loss) before reclassification
(1.6
)
 
(0.5
)
 
8.7

 
6.6

Amounts reclassified from accumulated other comprehensive loss
0.5

 
—

 
—

 
0.5

Net current period other comprehensive income (loss)
(1.1
)
 
(0.5
)
 
8.7

 
7.1

Balance at June 30, 2017
$
(15.7
)
 
$
(0.5
)
 
$
(95.4
)
 
$
(111.6
)

Amounts reclassified from accumulated other comprehensive income (loss) to net income (loss) were as follows (in millions):
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Pension and other postretirement benefit plans
 
Statement of Operations Caption
 
2017
 
2016
 
2017
 
2016
Amortization of actuarial losses
 
Selling, general and administrative
 
$
0.5

 
$
0.4

 
$
0.9

 
$
0.9

Tax benefit
 
Income tax expense
 
(0.2
)
 
(0.2
)
 
(0.4
)
 
(0.4
)
Total reclassifications for the period
 
 
 
$
0.3

 
$
0.2

 
$
0.5

 
$
0.5



15
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



Note 10—Commitments and Contingencies

Legal Proceedings

From time to time the Company is a party to various legal proceedings. Summarized below are the most significant legal proceedings to which the Company is a party.

In re Hertz Global Holdings, Inc. Securities Litigation - In November 2013, a putative shareholder class action, Pedro Ramirez, Jr. v. Hertz Global Holdings, Inc., et al., was commenced in the U.S. District Court for the District of New Jersey naming Hertz Holdings and certain of its officers as defendants and alleging violations of the federal securities laws. The complaint alleged that Hertz Holdings made material misrepresentations and/or omission of material fact in its public disclosures during the period from February 25, 2013 through November 4, 2013, in violation of Section 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 10b-5 promulgated thereunder. The complaint sought unspecified monetary damages on behalf of the purported class and an award of costs and expenses, including counsel fees and expert fees. In June 2014, Hertz Holdings moved to dismiss the amended complaint. In October 2014, the court granted Hertz Holdings’ motion to dismiss without prejudice, allowing the plaintiff to amend the complaint a second time. In November 2014, plaintiff filed a second amended complaint which shortened the putative class period and made allegations that were not substantively very different than the allegations in the prior complaint. In early 2015, Hertz Holdings moved to dismiss the second amended complaint. In July 2015, the court granted Hertz Holdings’ motion to dismiss without prejudice, allowing plaintiff to file a third amended complaint. In August 2015, plaintiff filed a third amended complaint which included additional allegations, named additional then-current and former officers as defendants and expanded the putative class period to extend from February 14, 2013 to July 16, 2015. In November 2015, Hertz Holdings moved to dismiss the third amended complaint. The plaintiff then sought leave to add a new plaintiff because of challenges to the standing of the first plaintiff. The court granted plaintiff leave to file a fourth amended complaint to add the new plaintiff, and the new complaint was filed on March 1, 2016. Hertz Holdings and the individual defendants moved to dismiss the fourth amended complaint with prejudice on March 24, 2016. In April 2017, the court granted Hertz Holdings' and the individual defendants' motions to dismiss and dismissed the action with prejudice. In May 2017, plaintiff filed a notice of appeal.

Governmental Investigations - In June 2014, Hertz Holdings was advised by the staff of the New York Regional Office of the Securities and Exchange Commission ("SEC") that it is investigating the events disclosed in certain of Hertz Holdings’ filings with the SEC. In addition, in December 2014 a state securities regulator requested information from Hertz Holdings regarding the same or similar events. In May 2017, the state securities regulator advised New Hertz that it had closed its investigation. Starting in June 2016, Hertz Holdings and New Hertz have had communications with the United States Attorney’s Office for the District of New Jersey regarding the same or similar events. New Hertz is responsible for managing these matters. The investigations and communications generally involve the restatements included in Hertz Holdings’ 2014 Form 10-K and related accounting for prior periods. Among other matters, the restatements included in Hertz Holdings’ 2014 Form 10-K addressed a variety of accounting matters involving THC's former Brazil vehicle rental operations. Hertz Holdings identified certain activities by THC's former vehicle rental operations in Brazil that may raise issues under the Foreign Corrupt Practices Act and other federal and local laws. THC has self-reported these issues to appropriate government entities, and these issues continue to be investigated. The Company has and intends to continue to cooperate with all governmental requests related to the foregoing. At this time, the Company is currently unable to predict the outcome of these proceedings and issues or to reasonably estimate the range of possible losses, which could be material.

In addition, the Company is subject to a number of claims and proceedings that generally arise in the ordinary conduct of its business. These matters include, but are not limited to, claims arising from the operation of rented equipment and workers' compensation claims. The Company does not believe that the liabilities arising from such ordinary course claims and proceedings will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows.

The Company has established reserves for matters where the Company believes the losses are probable and can be reasonably estimated. For matters where a reserve has not been established, including certain of those described above, the ultimate outcome or resolution cannot be predicted at this time, or the amount of ultimate loss, if any, cannot be reasonably estimated. Litigation is subject to many uncertainties and there can be no assurance as to the outcome of the individual litigated matters. It is possible that

16
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



certain of the actions, claims, inquiries or proceedings, including those discussed above, could be decided unfavorably to the Company or any of its subsidiaries involved. Accordingly, it is possible that an adverse outcome from such a proceeding could exceed the amount accrued in an amount that could be material to the Company's consolidated financial condition, results of operations or cash flows in any particular reporting period.

Off-Balance Sheet Commitments

Indemnification Obligations

In the ordinary course of business, the Company executes contracts involving indemnification obligations customary in the relevant industry and indemnifications specific to a transaction such as the sale of a business. These indemnification obligations might include claims relating to the following: environmental matters; intellectual property rights; governmental regulations; employment-related matters; customer, supplier and other commercial contractual relationships; and financial matters. Performance under these indemnification obligations would generally be triggered by a breach of terms of the contract or by a third party claim. The Company regularly evaluates the probability of having to incur costs associated with these indemnification obligations and has accrued for expected losses that are probable and estimable. The types of indemnification obligations for which payments are possible include the following:

The Spin-Off

In connection with the Spin-Off, pursuant to the separation and distribution agreement (as discussed in Note 15, "Arrangements with New Hertz"), the Company has assumed the liability for, and control of, all pending and threatened legal matters related to its equipment rental business and related assets, as well as assumed or retained liabilities, and will indemnify New Hertz for any liability arising out of or resulting from such assumed legal matters. The separation and distribution agreement also provides for certain liabilities to be shared by the parties. The Company is responsible for a portion of these shared liabilities (typically 15%), as set forth in that agreement. New Hertz is responsible for managing the settlement or other disposition of such shared liabilities. Pursuant to the tax matters agreement, the Company has agreed to indemnify New Hertz for any resulting taxes and related losses if the Company takes or fails to take any action (or permits any of its affiliates to take or fail to take any action) that causes the Spin-Off and related transactions to be taxable, or if there is an acquisition of the equity securities or assets of the Company or of any member of the Company’s group that causes the Spin-Off and related transactions to be taxable.

Environmental

The Company has indemnified various parties for the costs associated with remediating numerous hazardous substance storage, recycling or disposal sites in many states and, in some instances, for natural resource damages. The amount of any such expenses or related natural resource damages for which the Company may be held responsible could be substantial. The probable expenses that the Company expects to incur for such matters have been accrued, and those expenses are reflected in the Company's consolidated financial statements. As of June 30, 2017 and December 31, 2016, the aggregate amounts accrued for environmental liabilities including liability for environmental indemnities, reflected in the Company's consolidated balance sheets in "Accrued liabilities" were $0.1 million and $0.2 million, respectively. The accrual generally represents the estimated cost to study potential environmental issues at sites deemed to require investigation or clean-up activities, and the estimated cost to implement remediation actions, including on-going maintenance, as required. Cost estimates are developed by site. Initial cost estimates are based on historical experience at similar sites and are refined over time on the basis of in-depth studies of the sites. For many sites, the remediation costs and other damages for which the Company ultimately may be responsible cannot be reasonably estimated because of uncertainties with respect to factors such as the Company's connection to the site, the materials there, the involvement of other potentially responsible parties, the application of laws and other standards or regulations, site conditions, and the nature and scope of investigations, studies, and remediation to be undertaken (including the technologies to be required and the extent, duration, and success of remediation).

Note 11—Financial Instruments

The Company established risk management policies and procedures, which seek to reduce the Company’s risk exposure to fluctuations in foreign currency exchange rates and interest rates. However, there can be no assurance that these policies and

17
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



procedures will be successful. Although the instruments utilized involve varying degrees of credit, market and interest risk, the counterparties to the agreements are expected to perform fully under the terms of the agreements. The Company monitors counterparty credit risk, including lenders, on a regular basis, but cannot be certain that all risks will be discerned or that its risk management policies and procedures will always be effective. Additionally, in the event of default under the Company’s master derivative agreements, the non-defaulting party has the option to set-off any amounts owed with regard to open derivative positions.

Foreign Currency Exchange Rate Risk

The Company’s objective in managing exposure to foreign currency fluctuations is to limit the exposure of certain cash flows and earnings to foreign currency exchange rate changes through the use of various derivative contracts. The Company experiences foreign currency risks in its global operations as a result of various factors, including intercompany local currency denominated loans, rental operations in various currencies and purchasing fleet in various currencies.

Interest Rate Swap Arrangement

The Company has entered into a three-year LIBOR-based interest rate swap arrangement on a portion of its outstanding ABL Credit Facility. The aggregate amount of the swap is equal to a portion of the U.S. dollar principal amount of the ABL Credit Facility and the payment dates of the swap coincide with the interest payment dates of the ABL Credit Facility. The swap contract provides for the Company to pay a fixed interest rate and receive a floating rate. The variable interest rate resets monthly. The swap has been accounted for as cash flow hedge of a portion of the ABL Credit Facility.

The following table summarizes the outstanding interest rate swap arrangement as of June 30, 2017 (dollars in millions):
 
Aggregate Notional Amount
 
Receive Rate
 
Receive Rate as of June 30, 2017
 
Pay Rate
ABL Credit Facility
$
350.0

 
1 month LIBOR + 1.75%
 
3.0
%
 
3.5
%

The following table summarizes the estimated fair value of the Company's financial instruments (in millions).
 
Fair Value of Financial Instruments
 
Prepaid & Other Current Assets
 
Accrued Liabilities
 
June 30,
2017
 
December 31,
2016
 
June 30,
2017
 
December 31,
2016
Derivatives Designated as Hedging Instruments
 
 
 
 
 
 
 
Interest rate swap
$
—

 
$
—

 
$
1.0

 
$
—

Derivatives Not Designated as Hedging Instruments


 


 


 


Foreign currency forward contracts
$
—

 
$
0.1

 
$
—

 
$
—


The following table summarizes the gains and losses on derivative instruments for the periods indicated. Gains and losses recognized on foreign currency forward contracts and the effective portion of interest rate swaps are included in the condensed consolidated statements of operations together with the corresponding offsetting gains and losses on the underlying hedged transactions. All gains and losses recognized are included in "Selling, general and administrative" in the condensed consolidated statements of operations (in millions).
 
Gain (Loss) Recognized
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Derivatives Designated as Cash Flow Hedges
 
 
 
 
 
 
 
Interest rate swap - effective portion
$
—

 
$
—

 
$
—

 
$
—

Interest rate swap - ineffective portion
$
—

 
$
—

 
$
(0.1
)
 
$
—

Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
Foreign currency forward contracts
$
(0.4
)
 
$
(0.2
)
 
$
(3.6
)
 
$
(0.1
)


18
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



Note 12—Fair Value Measurements

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The fair value of accounts receivable, accounts payable and accrued liabilities, to the extent the underlying liability will be settled in cash, approximates the carrying values because of the short-term nature of these instruments.

Cash Equivalents

Cash equivalents, when held, primarily consist of money market accounts which are classified as Level 1 assets which the Company measures at fair value on a recurring basis. The Company determines the fair value of cash equivalents using a market approach based on quoted prices in active markets. The Company had no cash equivalents at June 30, 2017 or December 31, 2016.

Financial Instruments

The fair value of the Company's financial instruments as of June 30, 2017 and December 31, 2016 are shown in Note 11, "Financial Instruments." The Company's financial instruments are classified as Level 2 assets and liabilities and are priced using quoted market prices for similar assets or liabilities in active markets.

Debt Obligations

The fair value of debt is estimated based on quoted market rates as well as borrowing rates currently available to the Company for loans with similar terms and average maturities (Level 2 inputs) (in millions).
 
June 30, 2017
 
December 31, 2016
 
Nominal Unpaid Principal Balance
 
Aggregate Fair Value
 
Nominal Unpaid Principal Balance
 
Aggregate Fair Value
Debt
$
2,179.1

 
$
2,237.5

 
$
2,215.3

 
$
2,275.5


Note 13—Earnings (Loss) Per Share

Basic earnings (loss) per share has been computed based upon the weighted average number of common shares outstanding. Diluted earnings (loss) per share has been computed based upon the weighted average number of common shares outstanding plus the effect of all potentially dilutive common stock equivalents, except when the effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted loss per share (in millions, except per share data).
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Basic and diluted loss per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net loss, basic and diluted
$
(27.6
)
 
$
(8.0
)
 
$
(66.8
)
 
$
(9.5
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average common shares
28.3

 
28.3

 
28.3

 
28.3

Stock options, RSUs and PSUs
—

 
—

 
—

 
—

Weighted average shares used to calculate diluted loss per share
28.3

 
28.3

 
28.3

 
28.3

Loss per share:
 
 
 
 
 
 
 
Basic
$
(0.98
)
 
$
(0.28
)
 
$
(2.36
)
 
$
(0.34
)
Diluted
$
(0.98
)
 
$
(0.28
)
 
$
(2.36
)
 
$
(0.34
)
Antidilutive stock options, RSUs and PSUs
0.9

 
0.2

 
0.8

 
0.2



19
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



Note 14—Related Party Transactions

Transactions between the Company and THC and its affiliates prior to the Spin-Off are herein referred to as "related party" or "affiliated" transactions for the periods presented. Effective with the Spin-Off on June 30, 2016 all transactions with THC and its affiliates were settled and paid in full. Effective upon the Spin-Off, the Company entered into, among other things, a transition services agreement with New Hertz. See Note 15, "Arrangements with New Hertz" for further information.

Loans with Affiliates

Prior to the Spin-Off, the Company entered into various loan agreements with affiliates as part of a centralized approach to the financing of worldwide operations by THC. The amounts due to and from other affiliates had various interest rates and maturity dates but were generally short-term in nature. Effective with the Spin-Off on June 30, 2016, any loans with affiliates were settled and paid in full, including any accrued interest.

Intercompany Transactions

Prior to the Spin-Off, all significant intercompany payable and receivable balances between the Company and THC were considered to be effectively settled for cash in the consolidated financial statements at the time the transaction was recorded.

Corporate Allocations

Prior to the Spin-Off, THC provided services to and funded certain expenses for the Company that were recorded at the THC level. As discussed in Note 2, "Basis of Presentation and Recently Issued Accounting Pronouncements," the financial information in these condensed consolidated financial statements includes, in periods prior to June 30, 2016, direct costs of the Company incurred by THC on the Company’s behalf and an allocation of general corporate expenses of THC which were not historically allocated to the Company for certain support functions that were provided on a centralized basis within THC and not recorded at the business unit level, such as expenses related to finance, human resources, information technology, facilities and legal, among others, and that would have been incurred had the Company been a separate, stand-alone entity.

Costs incurred and allocated by THC that were included in the condensed consolidated statements of operations are shown in the following table (in millions). As the Spin-Off occurred on June 30, 2016, no costs were allocated by THC during 2017.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2016
Direct operating
$
0.3

 
$
0.6

Selling, general and administrative
9.0

 
18.0

Total allocated expenses
$
9.3

 
$
18.6


Agreements with Carl C. Icahn

The Company is subject to the Nomination and Standstill Agreement, dated September 15, 2014 (the "Nomination and Standstill Agreement"), with Carl C. Icahn, High River Limited Partnership, Hopper Investments LLC, Barberry Corp., Icahn Partners LP, Icahn Partners Master Fund LP, Icahn Enterprises G.P. Inc., Icahn Enterprises Holdings L.P., IPH GP LLC, Icahn Capital LP, Icahn Onshore LP, Icahn Offshore LP, Beckton Corp., Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi (collectively, the "Original Icahn Group"). In connection with their appointments to the Company’s board of directors, each of Courtney Mather, Louis J. Pastor and Stephen A. Mongillo (collectively, the "Icahn Designees," and, together with the Original Icahn Group, the "Icahn Group") executed a Joinder Agreement agreeing to become bound as a party to the terms and conditions of the Nomination and Standstill Agreement (such Joinder Agreements, together with the Nomination and Standstill Agreement, are collectively referred to herein as the "Icahn Agreements").

Pursuant to the Icahn Agreements, the Icahn Designees were appointed to the Company’s board of directors effective June 30, 2016. Pursuant to the Icahn Agreements, so long as an Icahn Designee is a member of the board of directors, the board of directors will not be expanded to greater than 10 directors without approval from the Icahn Designees then on the board of directors. In

20
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited



addition, pursuant to the Icahn Agreements, subject to certain restrictions and requirements, the Icahn Group will have certain replacement rights in the event an Icahn Designee resigns or is otherwise unable to serve as a director (other than as a result of not being nominated by the Company for an annual meeting).

In addition, until the date that no Icahn Designee is a member of the Board (or otherwise deemed to be on the Board pursuant to the terms of the Icahn Agreements) (the “Board Representation Period”), the Icahn Group agrees to vote all of its shares of the Company’s common stock in favor of the election of all of the Company’s director nominees at each annual or special meeting of the Company’s stockholders, and, subject to limited exceptions, the Icahn Group further agrees to (i) adhere to certain standstill obligations, including the obligation to not solicit proxies or consents or influence others with respect to the same, and (ii) not acquire or otherwise beneficially own more than 20% of the Company’s outstanding voting securities. Under the Icahn Agreements, if the Icahn Group ceases to hold a “net long position,” as defined in the Nomination and Standstill Agreement, in at least 1,900,000 shares of the Company’s common stock, the Icahn Group will cause one Icahn Designee to resign from the Company’s board of directors; if the Icahn Group’s holdings are further reduced to specified levels, additional Icahn Designees are required to resign.

In addition, pursuant to the Icahn Agreements, the Company entered into a registration rights agreement, effective June 30, 2016 (the "Registration Rights Agreement"), with High River Limited Partnership, Icahn Partners LP and Icahn Partners Master Fund LP, on behalf of any person who is a member of the "Icahn group" (as such term is defined therein) who owns applicable securities at the relevant time and is or has become a party to the Registration Rights Agreement. The Registration Rights Agreement provides for customary demand and piggyback registration rights and obligations.

Note 15—Arrangements with New Hertz

In connection with the Spin-Off, the Company entered into a separation and distribution agreement (the “Separation Agreement”) with New Hertz. In connection therewith, the Company also entered into various other ancillary agreements with New Hertz to effect the Spin-Off and provide a framework for its relationship with New Hertz. The following summarizes some of the most significant agreements and relationships that Herc Holdings will continue to have with New Hertz.

Separation and Distribution Agreement

The Separation Agreement sets forth the Company's agreements with New Hertz regarding the principal actions taken in connection with the Spin-Off. It also sets forth other agreements that govern aspects of the Company's relationship with New Hertz following the Spin-Off regarding (i) the manner in which legal matters and claims are allocated and certain liabilities are shared between the Company and New Hertz; (ii) other matters including transfers of assets and liabilities, treatment or termination of intercompany arrangements and releases of certain claims between the parties and their affiliates; (iii) mutual indemnification clauses; and (iv) allocation of Spin-Off expenses between the parties.

Transition Services Agreement

The Company entered into a TSA pursuant to which New Hertz or its affiliates provide specified services to the Company on a transitional basis to help ensure an orderly transition following the Spin-Off. The TSA generally provides for a term of up to two years following the Spin-Off, though the recipient of the services may elect to terminate a service at any time upon advance written notice. During the three and six months ended June 30, 2017, the Company incurred expenses of $4.9 million and $10.1 million, respectively, under the TSA which is included in "Direct operating" and "Selling, general and administrative" expenses in the Company's condensed consolidated statements of operations.

Tax Matters Agreement

The Company entered into a tax matters agreement (the “Tax Matters Agreement”) with New Hertz that governs the parties' rights, responsibilities and obligations after the Spin-Off with respect to tax liabilities and benefits, tax attributes, tax contests and other tax matters regarding income taxes, other taxes and related tax returns.

21
HERC HOLDINGS INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Unaudited




Employee Matters Agreement

The Company and New Hertz entered into an employee matters agreement to allocate liabilities and responsibilities relating to employment matters, employee compensation, benefit plans and programs and other related matters for current and former employees of the vehicle rental business and the equipment rental business.

Intellectual Property Agreement

The Company and New Hertz entered into an intellectual property agreement (the “Intellectual Property Agreement”) that provides for ownership, licensing and other arrangements regarding the trademarks and related intellectual property that New Hertz and the Company use in conducting their businesses. The Intellectual Property Agreement allocates ownership between New Hertz and the Company of all trademarks, domain names and certain copyrights that Hertz Holdings or its subsidiaries owned immediately prior to the Spin-Off.

Real Estate Arrangements

The Company and New Hertz entered into certain real estate lease agreements pursuant to which the Company leases certain office space from New Hertz and New Hertz leases certain rental facilities space from the Company. Rent payments were negotiated based on comparable fair market rental rates.

Note 16—Subsequent Event

In August 2017, Herc executed a purchase and sale agreement (“PSA”) for a sale-leaseback transaction relating to 44 of its properties located in the U.S. for anticipated gross proceeds of approximately $123.5 million. The PSA provides for a due diligence period during which the purchaser may exclude properties from the transaction, subject to certain conditions and within specified limits. The lease agreement to be entered into at closing will have an initial term of 20 years, subject to extension, at Herc’s option, for up to five additional periods of five years each. The transaction is expected to close by the end of the third quarter of 2017, subject to customary closing conditions. The sale of the properties is not expected to qualify for sale-leaseback accounting and the book value of the buildings and land will remain on the Company’s consolidated balance sheet.

22

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Management’s discussion and analysis of financial condition and results of operations ("MD&A") should be read in conjunction with the unaudited condensed consolidated financial statements and accompanying notes included in Part I, Item 1 of this Quarterly Report on Form 10-Q (this "Report"), which include additional information about our accounting policies, practices and the transactions underlying our financial results. The preparation of our unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires us to make estimates and assumptions that affect the reported amounts in our unaudited condensed consolidated financial statements and the accompanying notes including reserves for litigation and other contingencies, accounting for income taxes, pension and postretirement benefits, depreciation of revenue earning equipment, the recoverability of long-lived assets, useful lives and impairment of long-lived tangible and intangible assets including goodwill and trade name, valuation of stock-based compensation, allowances for accounts receivable and other matters arising during the normal course of business. We apply our best judgment, our knowledge of existing facts and circumstances and our knowledge of actions that we may undertake in the future in determining the estimates that will affect our unaudited condensed consolidated financial statements. We evaluate our estimates on an ongoing basis using our historical experience, as well as other factors we believe appropriate under the circumstances, such as current economic conditions, and adjust or revise our estimates as circumstances change. As future events and their effects cannot be determined with precision, actual results may differ from these estimates.

OVERVIEW OF OUR BUSINESS AND OPERATING ENVIRONMENT

We are engaged principally in the business of renting equipment. Ancillary to our principal business of equipment rental, we also sell used rental equipment, sell new equipment and consumables and offer certain service and support to our customers. Our profitability is dependent upon a number of factors including the volume, mix and pricing of rental transactions and the utilization of equipment. Significant changes in the purchase price or residual values of equipment or interest rates can have a significant effect on our profitability depending on our ability to adjust pricing for these changes. Our business requires significant expenditures for equipment, and consequently we require substantial liquidity to finance such expenditures. See “Liquidity and Capital Resources” below.

Our revenues primarily are derived from rental and related charges and consist of:

•
Equipment rental (includes all revenue associated with the rental of equipment including ancillary revenue from delivery, rental protection programs and fueling charges);
•
Sales of revenue earning equipment and sales of new equipment, parts and supplies; and
•
Service and other revenues (primarily relating to training and labor provided to customers).

Our expenses primarily consist of:

•
Direct operating expenses (primarily wages and related benefits, facility costs and other costs relating to the operation and rental of revenue earning equipment, such as delivery, maintenance and fuel costs);
•
Cost of sales of revenue earning equipment, new equipment, parts and supplies;
•
Depreciation expense relating to revenue earning equipment;
•
Selling, general and administrative expenses; and
•
Interest expense.

Seasonality

Our business is seasonal, with demand for our rental equipment tending to be lower in the winter months. Our equipment rental business, especially in the construction industry, has historically experienced decreased levels of business from December until late spring and heightened activity during our third and fourth quarters until December. We have the ability to manage certain costs to meet market demand, such as fleet capacity, the most significant portion of our cost structure. For instance, to accommodate increased demand, we increase our available fleet and staff during the second and third quarters of the year. A number of our other major operating costs vary directly with revenues or transaction volumes; however, certain operating expenses, including rent, insurance and administrative overhead, remain fixed and cannot be adjusted for seasonal demand, typically resulting in higher

23

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

profitability in periods when our revenues are higher, and lower profitability in periods when our revenues are lower. In an effort to reduce the impacts of seasonality, we are focused on expanding our customer base through specialty products that serve different industries with less seasonality and different business cycles.

Second Quarter 2017 Operating Highlights

Highlights of our business and financial performance in the second quarter of 2017 and key factors influencing our results include:

•
Equipment rental revenues increased $22.9 million, or 7.0%, in the three months ended June 30, 2017 when compared with the prior-year period. The increase was attributable to an increase in key market equipment rental revenue of 8.9%, excluding currency, in the second quarter of 2017 as compared to the second quarter of 2016. This increase resulted from a higher level of revenue earning equipment on rent reflecting higher demand from existing customers as well as increased revenue from diversifying our customer base. Additionally, pricing increased by 1.4% during the second quarter of 2017 as compared to the same period in 2016. Equipment rental revenue in upstream oil and gas markets was flat year-over year during the second quarter;

•
Selling, general and administrative expenses increased $4.6 million, or 6.2%, in the second quarter of 2017 compared to the prior-year period. The increase is primarily due to higher information technology and stand-alone public company costs of $2.7 million, as well as additional sales costs to drive revenue growth; and

•
An impairment charge of $26.2 million was recorded during the three months ended June 30, 2017 related to the decision to discontinue developing a new financial and point of sale system that was initiated prior to the Spin-Off.

RESULTS OF OPERATIONS
 
Three Months Ended June 30,
 
Six Months Ended June 30,
($ in millions)
2017
 
2016
 
$ Change
 
% Change
 
2017
 
2016
 
$ Change
 
% Change
Equipment rentals
$
350.8

 
$
327.9

 
$
22.9

 
7.0
 %
 
$
671.4

 
$
635.7

 
$
35.7

 
5.6
 %
Sales of revenue earning equipment
46.4

 
31.6

 
14.8

 
46.8

 
100.8

 
69.1

 
31.7

 
45.9

Sales of new equipment, parts and supplies
14.9

 
17.9

 
(3.0
)
 
(16.8
)
 
26.4

 
35.2

 
(8.8
)
 
(25.0
)
Service and other revenues
3.7

 
3.0

 
0.7

 
23.3

 
6.6

 
6.0

 
0.6

 
10.0

Total revenues
415.8

 
380.4

 
35.4

 
9.3

 
805.2

 
746.0

 
59.2

 
7.9

Direct operating
168.9

 
159.2

 
9.7

 
6.1

 
338.0

 
317.9

 
20.1

 
6.3

Depreciation of revenue earning equipment
94.3

 
84.2

 
10.1

 
12.0

 
187.2

 
166.0

 
21.2

 
12.8

Cost of sales of revenue earning equipment
51.4

 
38.7

 
12.7

 
32.8

 
106.3

 
84.1

 
22.2

 
26.4

Cost of sales of new equipment, parts and supplies
11.1

 
14.0

 
(2.9
)
 
(20.7
)
 
19.5

 
27.1

 
(7.6
)
 
(28.0
)
Selling, general and administrative
78.8

 
74.2

 
4.6

 
6.2

 
160.0

 
136.7

 
23.3

 
17.0

Impairment
29.3

 
—

 
29.3

 
100.0

 
29.3

 
—

 
29.3

 
100.0

Interest expense, net
31.6

 
13.3

 
18.3

 
137.6

 
69.4

 
19.8

 
49.6

 
NM

Other expense (income), net
0.2

 
(0.5
)
 
0.7

 
(140.0
)
 
(0.4
)
 
(1.4
)
 
1.0

 
(71.4
)
Loss before income taxes
(49.8
)
 
(2.7
)
 
(47.1
)
 
NM

 
(104.1
)
 
(4.2
)
 
(99.9
)
 
NM

Income tax benefit (provision)
22.2

 
(5.3
)
 
27.5

 
NM

 
37.3

 
(5.3
)
 
42.6

 
NM

Net loss
$
(27.6
)
 
$
(8.0
)
 
$
(19.6
)
 
NM

 
$
(66.8
)
 
$
(9.5
)
 
$
(57.3
)
 
NM

NM - Not Meaningful

Three Months Ended June 30, 2017 Compared with Three Months Ended June 30, 2016

Equipment rental revenues increased $22.9 million, or 7.0%, in the three months ended June 30, 2017 when compared with the prior-year period. The increase was attributable to an increase in key market equipment rental revenue of 8.9%, excluding currency, in the second quarter of 2017 as compared to the second quarter of 2016. This increase resulted from a higher level of revenue earning equipment on rent reflecting higher demand from existing customers as well as increased revenue from diversifying our

24

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

customer base. Additionally, pricing increased by 1.4% during the second quarter of 2017 as compared to the second quarter of 2016. Equipment rental revenue in upstream oil and gas markets was flat during the second quarter of 2017 as compared to the second quarter of 2016.

Sales of revenue earning equipment increased $14.8 million, or 46.8%, during the second quarter of 2017 as compared to the prior-year period. During the second quarter of 2017, the level of revenue earning equipment sold increased compared to the same period in 2016 as part of our strategy to shift the mix of our fleet. The corresponding cost of sales of revenue earning equipment as a percentage of the related revenue was 110.8% in the second quarter of 2017 compared to 122.5% in the second quarter of 2016. During the second quarter of 2017, there was a slight loss on the sale of revenue earning equipment as the volume of sales made through the lower margin auction channel was reduced and shifted toward the wholesale channel. The loss on sale of revenue earning equipment in the second quarter of 2016 was primarily due to additional sales through the auction channel of equipment used in the upstream oil and gas markets and equipment manufactured by certain suppliers as we reduced the number of brands of equipment we carry in our fleet.

Sales of new equipment, parts and supplies decreased $3.0 million, or 16.8%, during the second quarter of 2017 when compared with the prior-year period. This decrease was driven by our implementation of changes in new equipment sales programs, including the elimination of certain equipment dealerships. The cost of sales of new equipment, parts and supplies as a percentage of the related revenue was 74.5% for the second quarter of 2017 compared to 78.2% for the second quarter of 2016. The decrease was due to the mix of the new equipment sold.

Direct operating expenses increased $9.7 million, or 6.1%, in the second quarter of 2017 when compared to the second quarter of 2016 primarily due to the following:

•
Personnel-related expenses increased $4.7 million as a result of an increase in salary expense primarily associated with continued investment in branch management to drive operational improvements and additional headcount related to opening new locations since June 30, 2016.

•
Fleet and related expenses increased $4.5 million primarily as a result of higher delivery and freight expense of $3.4 million mainly due to an increase in deliveries associated with higher equipment rental revenues. Additionally, fuel expense increased by $2.2 million driven by higher gas prices during the second quarter of 2017 as compared to the same period in 2016. These increases were partially offset by a $2.6 million decrease in maintenance expense.

•
Other direct operating costs increased $0.5 million primarily due to increased depreciation of $2.1 million primarily resulting from the addition of new service vehicles and higher facilities expense of $1.4 million related to new locations during the first half of 2017. These increases were partially offset by a decrease in restructuring expense of $2.9 million as more expense was incurred during the first half of 2016 due to several location closures during 2015 and 2016.

Depreciation of revenue earning equipment increased $10.1 million, or 12.0%, in the second quarter of 2017 when compared with 2016. The increase was due to a larger fleet size in the second quarter of 2017 as compared to the same period in 2016 and an increase of $5.7 million due to the impact of the 2016 reduction in residual values and the planned holding period of certain classes of equipment.

Selling, general and administrative expenses increased $4.6 million, or 6.2%, in the second quarter of 2017 compared to the prior-year period. The increase is primarily due to a $3.9 million increase for additional sales personnel to drive revenue growth and increased commissions related to increased revenue during the three months ended June 30, 2017 compared to the prior-year period and higher information technology and stand-alone public company costs of $2.7 million.

Impairment charges of $29.3 million were recorded during the second quarter of 2017. The impairments related to the write-off of intangible assets previously capitalized as part of the development of new financial and point of sale systems of $26.2 million and the impairment of certain revenue earning equipment of $3.1 million that was deemed held for sale at June 30, 2017. See Note 4, "Intangible Asset Impairment" and Note 3, "Revenue Earning Equipment," respectively, to the notes to our condensed consolidated financial statements for further information.


25

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

Interest expense, net increased $18.3 million in the second quarter of 2017 compared to the prior-year period due to interest incurred on the Notes that were issued in June 2016 and borrowings under the ABL Credit Facility. The increases were partially offset by decreases in interest on the predecessor asset-based revolving credit facility (the "Predecessor ABL Facility") and loans from THC and its affiliates, which were settled as part of the Spin-Off in June 2016.

Income tax benefit was $22.2 million for the three months ended June 30, 2017 compared to an income tax expense of $5.3 million for the same period in 2016. The income tax benefit in the second quarter of 2017 was primarily driven by pre-tax losses, partially offset by non-deductible expenses and valuation allowances recorded on losses generated by foreign loss jurisdictions. The effective tax rate for the full fiscal year 2017 is expected to be approximately 35%.

Six Months Ended June 30, 2017 Compared with Six Months Ended June 30, 2016

Equipment rental revenues increased $35.7 million, or 5.6%, during the first half of 2017 when compared with the prior-year period. The increase was attributable to an increase in key market equipment rental revenue of 8.7%, excluding currency, in the first half of 2017 as compared to the first half of 2016. This increase resulted from a higher level of revenue earning equipment on rent reflecting higher demand from existing customers as well as increased revenue from diversifying our customer base. Additionally, pricing increased by 1.3% during the first half of 2017 as compared to the first half of 2016. The increase was partially offset by continuing weakness in upstream oil and gas markets. Revenue in upstream oil and gas markets represented 15.0% of equipment rental revenue in the first half of 2017, excluding currency effects, and was down 8.4% as compared to the prior-year period, as major oil producers continue to reduce spending.

Sales of revenue earning equipment increased $31.7 million, or 45.9%, during the first half of 2017 when compared to the prior-year period. During the first half of 2017, the level of revenue earning equipment sold increased as part of our strategy to shift the mix of our fleet. The corresponding cost of sales of revenue earning equipment as a percentage of the related revenue was 105.5% in the first half of 2017 compared to 121.7% in the first half of 2016. During the first half of 2017, there was a slight loss on the sale of revenue earning equipment as the volume of sales made through the lower margin auction channel was reduced and shifted toward the wholesale channel. The loss on sale of revenue earning equipment in the first half of 2016 was primarily due to additional sales through the auction channel of equipment used in the upstream oil and gas markets and equipment manufactured by certain suppliers as we reduced the number of brands of equipment we carry in our fleet.

Sales of new equipment, parts and supplies decreased $8.8 million, or 25.0%, during the first half of 2017 when compared with the prior-year period. This decrease was driven by our implementation of changes in new equipment sales programs, including the elimination of certain equipment dealerships. The cost of sales of new equipment, parts and supplies as a percentage of the related revenue was 73.9% for the first half of 2017 compared to 77.0% for the first half of 2016. The decrease was due to the mix of the new equipment sold.

Direct operating expenses increased $20.1 million, or 6.3%, in the first six months of 2017 when compared to the first half of 2016 primarily due to the following:

•
Personnel-related expenses increased $9.7 million as a result of an increase in salary expense of $9.1 million primarily associated with continued investment in branch management to drive operational improvements and additional headcount related to opening new locations since June 30, 2016. Additionally, there was an increase in benefits expense of $0.8 million primarily due to higher healthcare insurance costs as a stand-alone company.

•
Fleet and related expenses increased $7.5 million primarily as a result of higher delivery and freight expense of $4.7 million mainly due to an increase in deliveries associated with higher equipment rental revenues. Additionally, fuel expense increased by $3.4 million driven by higher gas prices during the first half of 2017 as compared to the prior-year period.

•
Other direct operating costs increased $2.9 million primarily due to increased depreciation of $3.7 million related to the increase in service vehicles and higher facilities expense of $3.2 million due to the addition of new locations in 2017. These increases were partially offset by a decrease in restructuring expense of $3.1 million as more expense was incurred during the first half of 2016 due to several location closures during 2015 and 2016.


26

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

Depreciation of revenue earning equipment increased $21.2 million, or 12.8%, during the first half of 2017 when compared with the prior-year period. The increase was due to a larger fleet size in the first half of 2017 as compared to 2016 and an increase of $12.4 million due to the impact of the 2016 reduction in residual values and the planned holding period of certain classes of equipment.

Selling, general and administrative expenses increased $23.3 million, or 17.0%, during the first half of 2017 compared to the prior-year period. The increase is primarily due to higher information technology and stand-alone public company costs of $17.4 million, as well as a $6.2 million increase for additional sales personnel to drive revenue growth and increased commissions as revenue increased during the first half of 2017 compared to the prior-year period.

Impairment charges of $29.3 million were recorded during the first half of 2017. The impairments related to the write-off of intangible assets previously capitalized as part of the development of new financial and point of sale systems of $26.2 million and the impairment of certain revenue earning equipment of $3.1 million that was deemed held for sale at June 30, 2017. See Note 4, "Intangible Asset Impairment" and Note 3, "Revenue Earning Equipment," respectively, to the notes to our condensed consolidated financial statements for further information.

Interest expense, net increased $49.6 million during the first half of 2017 compared to the prior-year period due to interest incurred on the Notes that were issued in June 2016, a loss on the early extinguishment of 10% of the Notes, and borrowings under the ABL Credit Facility. The increases were partially offset by decreases in interest on the Predecessor ABL Facility and loans from THC and its affiliates, which were settled as part of the Spin-Off in June 2016.

Income tax benefit was $37.3 million for the six months ended June 30, 2017 compared to an income tax expense of $5.3 million for the same period in 2016. The income tax benefit in the first half of 2017 was primarily driven by pre-tax losses, partially offset by non-deductible expenses and valuation allowances recorded on losses generated by foreign loss jurisdictions. The effective tax rate for the full fiscal year 2017 is expected to be approximately 35%.

LIQUIDITY AND CAPITAL RESOURCES

Our primary liquidity needs include the payment of operating expenses, purchases of rental equipment to be used in our operations and servicing of debt. Our primary sources of funding are operating cash flows, cash received from the disposal of equipment and borrowings under our debt arrangements. As of June 30, 2017, we had approximately $2.2 billion of total nominal indebtedness outstanding. We are highly leveraged and a substantial portion of our liquidity needs arise from debt service on our indebtedness and from the funding of our costs of operations and capital expenditures.

Our liquidity as of June 30, 2017 consisted of cash and cash equivalents and unused commitments under our ABL Credit Facility. See "Borrowing Capacity and Availability" below. Our practice is to maintain sufficient liquidity through cash from operations and our ABL Credit Facility, so that our operations are unaffected by adverse financial market conditions. We believe that cash generated from operations and cash received from the disposal of equipment, together with amounts available under the ABL Credit Facility, will be adequate to permit us to meet our obligations over the next twelve months.

Cash Flows

Significant factors driving our liquidity position include cash flows generated from operating activities and capital expenditures. Historically, we have generated and expect to continue to generate positive cash flow from operations. Our ability to fund our capital needs will be affected by our ongoing ability to generate cash from operations and access to capital markets.

During the first six months of 2016, as a subsidiary of Hertz Holdings, Herc's cash was swept regularly by Hertz Holdings at its discretion. Hertz Holdings also funded Herc's operating and investing activities as needed. Cash flows related to 2016 financing activities included changes in Hertz Holdings' investments in Herc. Transfers of cash to and from Hertz Holdings are reflected within financing activities in our consolidated statements of cash flows.


27

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

The following table summarizes the change in cash and cash equivalents for the periods shown (in millions):
 
Six Months Ended June 30,
 
2017
 
2016
 
$ Change
Cash provided by (used in):
 
 
 
 
 
Operating activities
$
122.6

 
$
208.1

 
$
(85.5
)
Investing activities
(99.8
)
 
(73.3
)
 
(26.5
)
Financing activities
(35.3
)
 
(104.9
)
 
69.6

Effect of exchange rate changes
0.5

 
0.5

 
—

Net change in cash and cash equivalents
$
(12.0
)
 
$
30.4

 
$
(42.4
)

Operating Activities

During the six months ended June 30, 2017, we generated $85.5 million less cash from operating activities compared with the same period in 2016. The decrease was primarily related to a $52.1 million increase in interest payments as well as lower operating income resulting from higher information technology and other stand-alone public company costs, including the timing of payments of liabilities during the first half of 2017 as compared to the first half of 2016.

Investing Activities

Cash used in investing activities increased $26.5 million for the six months ended June 30, 2017 as compared to the same period in 2016. Our primary use of cash in investing activities is for the acquisition of revenue earning equipment and non-rental capital expenditures, which increased slightly due to investments in rental equipment as well as investments in information technology and software. We renew our equipment and also manage our fleet of rental equipment in line with customer demand. Changes in our net capital expenditures are described in more detail in the "Capital Expenditures" section below.

Financing Activities

Cash used in financing activities decreased $69.6 million for the six months ended June 30, 2017 compared to the same period in 2016. Cash used in financing activities during the first half of 2017 primarily represents our changes in debt, which included the redemption of $123.5 million of our Notes, partially funded by the net draw down of $95.7 million on our ABL Credit Facility. Cash used in financing activities in 2016 primarily related to $2.1 billion of financing and transfer activities with Hertz Holdings, which primarily funded our operations prior to the Spin-Off and was settled using total proceeds of $2.0 billion, net of issuance costs, from our Notes and ABL Credit Facility.

Capital Expenditures

Our capital expenditures relate largely to purchases of revenue earning equipment, with the remaining portion representing purchases of other property and equipment. The table below sets forth the capital expenditures related to our revenue earning equipment and related disposals for the periods noted (in millions).
 
 
Six Months Ended June 30,
 
 
2017
 
2016
Revenue earning equipment expenditures
 
$
160.8

 
$
142.5

Disposals of revenue earning equipment
 
(88.6
)
 
(74.2
)
       Net revenue earning equipment expenditures
 
$
72.2

 
$
68.3

Net capital expenditures for revenue earning equipment increased $3.9 million during the six months ended June 30, 2017 compared to the same period in 2016. During the 2017 period, we purchased more revenue earning equipment as part of our fleet mix transformation out of large earthmoving equipment and into more compact earthmoving equipment, which resulted in both higher expenditures and disposals during the period.
In fiscal 2017, we expect our net revenue earning equipment capital expenditures to be in the range of $275 million to $325 million.


28

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

Borrowing Capacity and Availability

Our ABL Credit Facility provides our borrowing capacity and availability. Creditors under our ABL Credit Facility have a claim on a specific pool of assets as collateral. Our ability to borrow under the ABL Credit Facility is a function of, among other things, the value of the assets in the relevant collateral pool. We refer to the amount of debt we can borrow given a certain pool of assets as the "Borrowing Base."

Substantially all of the assets of Herc and certain of its U.S. and Canadian subsidiaries are encumbered in favor of our lenders under our ABL Credit Facility and the Notes. None of such assets are available to satisfy the claims of our general creditors. See Note 8, "Debt" to the notes to our consolidated financial statements included in Part II, Item 8 "Financial Statements" included in our Annual Report on Form 10-K for the period ended December 31, 2016 for more information.

As of June 30, 2017, the following was available to us (in millions):
 
Remaining
Capacity
 
Availability Under
Borrowing Base
Limitation
ABL Credit Facility
$
720.5

 
$
720.5


In addition, as of June 30, 2017, the Company's subsidiary in China had uncommitted credit facilities of which $9.5 million was unutilized.

With respect to the ABL Credit Facility, we refer to "Remaining Capacity" as the maximum principal amount of debt permitted to be outstanding under the ABL Credit Facility (i.e., the amount of debt we could borrow assuming we possessed sufficient assets as collateral) less the principal amount of debt then-outstanding under the facility. We refer to "Availability Under Borrowing Base Limitation" as the lower of Remaining Capacity or the Borrowing Base less the principal amount of debt then-outstanding under the facility (i.e., the amount of debt we could borrow given the collateral we possess at such time).

As of June 30, 2017, the ABL Credit Facility had $225.5 million available under the letter of credit facility sublimit, subject to borrowing base restrictions. As of June 30, 2017, $24.5 million of stand by letters of credit were issued and outstanding under the ABL Credit Facility, none of which have been drawn upon.

Covenants

Our ABL Credit Facility and our Notes contain a number of covenants that, among other things, limit or restrict our ability to dispose of assets, incur additional indebtedness, incur guarantee obligations, prepay certain indebtedness, make certain restricted payments (including paying dividends, redeeming stock or making other distributions), create liens, make investments, make acquisitions, engage in mergers, fundamentally change the nature of our business, make capital expenditures, or engage in certain transactions with certain affiliates.

Under the terms of our ABL Credit Facility and our Notes, we are not subject to ongoing financial maintenance covenants; however, under the ABL Credit Facility, failure to maintain certain levels of liquidity will subject us to a contractually specified fixed charge coverage ratio of not less than 1:1 for the four quarters most recently ended. We are in compliance with our covenants as of June 30, 2017.

At June 30, 2017, Herc Holdings' balance sheet was substantially identical to that of Herc, the borrower, with the exception of the components of shareholders equity. For the three and six months ended June 30, 2017, the statement of operations of Herc Holdings and Herc were identical. For the three and six months ended June 30, 2016, the statement of operations of Herc Holdings was substantially identical to that of Herc except for approximately $1.3 million and $3.8 million, respectively, of interest expense to Hertz Holdings that is included in Herc Holdings' statement of operations, but is not included in Herc's statement of operations. 

For further information on the terms of our Notes, ABL Credit Facility and China Revolving Facilities, see Note 5, "Debt" to the notes to our condensed consolidated financial statements included in this Report. Additional information on the terms of our Notes and ABL Credit Facility is also included in Note 8, "Debt" to the notes to our consolidated financial statements included in Part II, Item 8 "Financial Statements" included in our Annual Report on Form 10-K for the period ended December 31, 2016. For a

29

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

discussion of the risks associated with our significant indebtedness, see Part I, Item 1A "Risk Factors" contained in our Annual Report on Form 10-K for the period ended December 31, 2016.

Dividends

Hertz Holdings did not historically pay dividends on the common stock. Our payment of dividends on our common stock will be determined by our board of directors in its sole discretion and will depend on our business conditions, financial condition, earnings, liquidity and capital requirements, contractual restrictions and other factors. The amounts available to pay cash dividends are restricted by our debt agreements. As of the date of this Report, we have no plans to pay dividends on our common stock.

CONTRACTUAL OBLIGATIONS

As of June 30, 2017, there have been no material changes outside of the ordinary course of business to our known contractual obligations as set forth in the Contractual Obligations table included in Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in our Annual Report on Form 10-K for the period ended December 31, 2016.

OFF-BALANCE SHEET COMMITMENTS AND ARRANGEMENTS

There have been no material changes to our indemnification obligations as disclosed in Note 14, “Commitments and Contingencies” in our Annual Report on Form 10-K for the period ended December 31, 2016.

The information concerning the ongoing securities litigation, governmental investigations and other contingencies, including environmental contingencies and the amount currently held in reserve for environmental matters, contained in Note 10, "Commitments and Contingencies" to our unaudited condensed consolidated financial statements included in this Report is incorporated herein by reference.

RECENT ACCOUNTING PRONOUNCEMENTS

For a discussion of recent accounting pronouncements, see Note 2, "Basis of Presentation and Recently Issued Accounting Pronouncements" to the notes to our condensed consolidated financial statements included in this Report.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Report includes "forward-looking statements," as that term is defined by the federal securities laws. Forward-looking statements include statements concerning our plans, intentions, objectives, goals, strategies, forecasts, future events, future revenue or performance, capital expenditures, financing needs, business trends and other information that is not historical information. When used in this Report, the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts," and future or conditional verbs, such as "will," "should," "could" or "may," as well as variations of such words or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are so designated. All forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions, and apply only as of the date of this Report. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and projections will be achieved.

There are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those suggested by our forward-looking statements, including those set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 in Part I under Item 1A “Risk Factors,” including:

•
Risks related to material weaknesses in our internal control over financial reporting and the restatement of financial statements previously issued by Hertz Holdings, including that: we have identified material weaknesses in our internal control over financial reporting that may adversely affect our ability to report our financial condition and results of operations in a timely and accurate manner, which may adversely affect investor and lender confidence in us and, as a result, the value of our common stock and our ability to obtain future financing on acceptable terms, and we may identify

30

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

additional material weaknesses as we continue to assess our processes and controls as a stand-alone company with lower levels of materiality; such material weaknesses could result in a material misstatement of our consolidated financial statements that would not be prevented or detected; we receive certain transition services from New Hertz pursuant to the transition services agreement covering information technology services and other areas, which impact our control environment and, therefore, our internal control over financial reporting; we continue to expend significant costs and devote management time and attention and other resources to matters related to our internal control over financial reporting and our material weaknesses and Hertz Holdings' restatement could adversely affect our ability to execute our strategic plan; our efforts to design and implement an effective control environment may not be sufficient to remediate the material weaknesses or prevent future material weaknesses; our material weaknesses and Hertz Holdings' restatement could expose us to additional risks that could materially adversely affect our financial position, results of operations and cash flows, including as a result of events of default under the agreements governing our indebtedness and/or government investigations, regulatory inquiries and private actions; we may experience difficulties implementing new information technology systems, including the migration of systems from New Hertz; we could experience disruptions to our control environment in connection with the relocation of our Shared Services Center, including as a result of the failure to retain key employees who possess specific knowledge or expertise necessary for the timely preparation of our financial statements; and Hertz Holdings' restatement has resulted in government investigations, books and records demands, and private litigation and could result in government enforcement actions and private litigation that could have a material adverse impact on our results of operations, financial condition, liquidity and cash flows;

•
Risks related to the Spin-Off, which effected our separation from New Hertz, such as: we have limited operating history as a stand-alone public company, and our historical financial information for periods prior to July 1, 2016, is not necessarily representative of the results that we would have achieved as a separate, publicly traded company, and may not be a reliable indicator of our future results; the liabilities we have assumed and will share with New Hertz in connection with the Spin-Off could have a material adverse effect on our business, financial condition and results of operations; if there is a determination that any portion of the Spin-Off transaction is taxable for U.S. federal income tax purposes, including for reasons outside of our control, then we and our stockholders could incur significant tax liabilities, and we could also incur indemnification liability if we are determined to have caused the Spin-Off to become taxable; if New Hertz fails to pay its tax liabilities under the Tax Matters Agreement or to perform its obligations under the Separation and Distribution Agreement, we could incur significant tax and other liability; our ability to engage in financings, acquisitions and other strategic transactions using equity securities is limited due to the tax treatment of the Spin-Off; the loss of the Hertz brand and reputation could materially adversely affect our ability to attract and retain customers; the Spin-Off may be challenged by creditors as a fraudulent transfer or conveyance; and if the Spin-Off is not a legal dividend, it could be held invalid by a court and have a material adverse effect on our business, financial condition and results of operations;

•
Business risks could have a material adverse effect on our business, results of operations, financial condition and/or liquidity, including:

•
the cyclicality of our business, a slowdown in economic conditions or adverse changes in the economic factors specific to the industries in which we operate, in particular industrial and construction;

•
the dependence of our business on the levels of capital investment and maintenance expenditures by our customers, which in turn are affected by numerous factors, including the level of economic activity in their industries, the state of domestic and global economies, global energy demand, the cyclical nature of their markets, expectations regarding government spending on infrastructure improvements or expansions, their liquidity and the condition of global credit and capital markets;

•
we may experience difficulties, delays and/or significant costs from a number of IT systems projects, including the migration of our financial system from the New Hertz system to a stand-alone system and the movement of our point of sale system from the New Hertz system to our own, each of which will continue to require significant investment of human and financial resources;

•
we may have difficulty obtaining the resources that we need to operate, or our costs to do so could increase significantly;

31

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)


•
intense competition in the industry, including from our own suppliers, that may lead to downward pricing or an inability to increase prices;

•
any occurrence that disrupts rental activity during our peak periods given the seasonality of the business, especially in the construction industry;

•
doing business in foreign countries exposes us to additional risks, including under laws and regulations that may conflict with U.S. laws and those under anticorruption, competition, economic sanctions and anti-boycott regulations;

•
our success as an independent company will depend on our new senior management team, the ability of other new employees to learn their new roles, and our ability to attract and retain key management and other key personnel;

•
some or all of our deferred tax assets could expire if we experience an “ownership change” as defined in the Internal Revenue Code;

•
changes in the legal and regulatory environment that affect our operations, including with respect to taxes, consumer rights, privacy, data security and employment matters, could disrupt our business and increase our expenses;

•
an impairment of our goodwill or our indefinite lived intangible assets could have a material non-cash adverse impact;

•
other operational risks such as: any decline in our relations with our key national account customers or the amount of equipment they rent from us; our equipment rental fleet is subject to residual value risk upon disposition, and may not sell at the prices we expect; we may be unable to protect our trade secrets and other intellectual property rights; we may fail to respond adequately to changes in technology and customer demands; our business is heavily reliant upon communications networks and centralized information technology systems and the concentration of our systems creates or increases risks for us, including the risk of the misuse or theft of information we possess, including as a result of cyber security breaches or otherwise, which could harm our brand, reputation or competitive position and give rise to material liabilities; failure to maintain, upgrade and consolidate our information technology networks could materially adversely affect us; we may face issues with our union employees; we are exposed to a variety of claims and losses arising from our operations, and our insurance may not cover all or any portion of such claims; environmental, health and safety laws and regulations and the costs of complying with them, or any change to them impacting our customers’ markets, could materially adversely affect us; decreases in government spending could materially adversely affect us and a lack of or delay in additional infrastructure spending may have a material adverse effect on our share price; maintenance and repair costs associated with our equipment rental fleet could materially adversely affect us; and strategic acquisitions could be difficult to identify and implement and could disrupt our business or change our business profile significantly;

•
Risks related to our substantial indebtedness, such as: our substantial level of indebtedness exposes us or makes us more vulnerable to a number of risks that could materially adversely affect our financial condition, results of operations, cash flows, liquidity and ability to compete; the secured nature of our indebtedness, which is secured by substantially all of our consolidated assets, could materially adversely affect our business and holders of our debt and equity; an increase in interest rates or in our borrowing margin would increase the cost of servicing our debt and could reduce our profitability; and any additional debt we incur could further exacerbate these risks;

•
Risks related to the securities market and ownership of our stock, including that: the market price of our common stock may fluctuate significantly; the market price of our common stock could decline as a result of the sale or distribution of a large number of our shares or the perception that a sale or distribution could occur and these factors could make it

32

HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

more difficult for us to raise funds through future stock offerings; and provisions of our governing documents could discourage potential acquisition proposals and could deter or prevent a change in control; and

•
Other risks and uncertainties set forth in our Annual Report on Form 10-K for the year ended December 31, 2016, in this Report and in our other filings with the SEC.

All forward-looking statements are expressly qualified in their entirety by such cautionary statements. We do not undertake any obligation to release publicly any update or revision to any of the forward-looking statements.

ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are exposed to a variety of market risks, including the effects of changes in interest rates (including credit spreads), foreign currency exchange rates and fluctuations in fuel prices. We manage our exposure to these market risks through our regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments. Derivative financial instruments are viewed as risk management tools and have not been used for speculative or trading purposes. In addition, derivative financial instruments are entered into with a diversified group of major financial institutions in order to manage our exposure to counterparty nonperformance on such instruments.

There is no material change in the information reported under Part II, Item 7A, "Quantitative and Qualitative Disclosures About Market Risk," in our Annual Report on Form 10-K for the period ended December 31, 2016.

ITEM 4.    CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our senior management has evaluated the effectiveness of the design and operation of our disclosure controls and procedures, as defined under the Exchange Act, as of the end of the period covered by this Report. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of June 30, 2017, due to the identification of material weaknesses in our internal control over financial reporting previously identified and reported in our Annual Report on Form 10-K for the year ended December 31, 2016 (the “2016 Form 10-K”), our disclosure controls and procedures were not effective to provide reasonable assurance that the information required to be disclosed by us in the reports that we file or submit under the Exchange Act, and the rules promulgated thereunder, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to management, including its Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosures.

Previously Reported Material Weaknesses in Internal Control over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f). As reported in our 2016 Form 10-K, we did not maintain effective internal control over financial reporting as of December 31, 2016 as a result of material weaknesses in the Control Environment, Risk Assessment and Monitoring areas which continue to exist as of June 30, 2017. A material weakness (as defined in Rule 12b-2 under the Exchange Act) is a deficiency, or combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. Refer to Item 9A in our 2016 Form 10-K for a description of our material weaknesses and remediation efforts undertaken by management.

Remediation Efforts and Status of Previously Reported Material Weaknesses

Our material weaknesses were not remediated at June 30, 2017, however, our remediation efforts were ongoing during the six months ended June 30, 2017. Our Board of Directors and management take internal controls over financial reporting and the integrity of the Company’s financial statements seriously and believe that the steps described below are essential to implementing strong and effective internal control over financial reporting and a strong internal control environment.

33
HERC HOLDINGS INC. AND SUBSIDIARIES

ITEM 4. CONTROLS AND PROCEDURES (continued)

Our management has worked, and continues to work, to strengthen our internal control over financial reporting. We are currently working to remediate the material weaknesses noted above, including assessing the additional remediation steps needed and implementing measures to remediate the underlying causes that gave rise to the material weaknesses.
The following steps are among the measures implemented by the Company in addition to the remediation efforts described in Item 9A in our 2016 Form 10-K:
•
We are continuing efforts to improve our complement of personnel with the requisite skillsets in certain areas integral to financial reporting. Two key accounting positions, Controller and Chief Accounting Officer and Assistant Controller, have been filled or replaced by the Company and four additional accounting supervisors have been hired during the six months ended June 30, 2017.
•
We have established a task force and assigned a working group to each of the material weaknesses. These groups are focused on improving the design and operating effectiveness of the controls and include members of senior management to strengthen accountability and prioritization of corrective actions.
We are continuing the process of developing, implementing and testing processes and procedures, and will continue to devote significant time and attention to the remediation of our material weaknesses. As we continue to evaluate and implement improvements to our internal control over financial reporting, our management may decide to take additional measures to address our control deficiencies or to modify the remediation efforts undertaken. Because the reliability of the internal control process requires repeatable execution, our material weaknesses cannot be considered fully remediated until all remedial processes and procedures (including additional remediation efforts identified by our senior management as necessary) have been implemented, each applicable control has operated for a sufficient period of time, and management has concluded, through testing, that the controls are operating effectively. Until all identified material weaknesses are remediated, we will not be able to assert that our internal controls are effective. Further, management may identify other material weaknesses in our internal control over financial reporting during this process.

Changes in Internal Control over Financial Reporting

In April 2017, we implemented a financial reporting and consolidation application in our information technology environment and we expect to terminate corresponding transition services with New Hertz in the third quarter of 2017. There were no additional changes in our internal control over financial reporting identified in management’s evaluation pursuant to Rules 13a-15(d) or 15d-15(d) of the Exchange Act during the three months ended June 30, 2017 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

34
Table of Contents        

HERC HOLDINGS INC. AND SUBSIDIARIES


PART II—OTHER INFORMATION

ITEM 1.    LEGAL PROCEEDINGS

For a description of certain pending legal proceedings see Note 10, "Commitments and Contingencies" to the notes to our condensed consolidated financial statements in Part I, Item 1 "Financial Statements" of this Report.

ITEM 1A.    RISK FACTORS

There have been no material changes to the Company's risk factors from those previously disclosed under Part I, Item 1A, " Risk Factors" in our Annual Report on Form 10-K for the period ended December 31, 2016.

ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Share Repurchase Program

In March 2014, the Board approved a $1 billion share repurchase program (the "share repurchase program"). There were no share repurchases in the three months ended June 30, 2017. As of June 30, 2017, the approximate dollar value that remains available for purchases under the 2014 share repurchase program is $395.9 million. The program does not obligate us to make any repurchases at any specific time or in any specific situation. Share repurchases may be commenced or suspended at any time or from time to time, subject to legal and contractual requirements, without prior notice. For more information on the share repurchase program, see Note 18, "Equity and Earnings (Loss) Per Share" to our condensed consolidated financial statements in Part II, Item 8 "Financial Statements" in our Annual Report on Form 10-K for the period ended December 31, 2016.

ITEM 5.    OTHER INFORMATION

In August 2017, Herc executed a purchase and sale agreement (“PSA”) for a sale-leaseback transaction relating to 44 of its properties located in the U.S. for anticipated gross proceeds of approximately $123.5 million. The PSA provides for a due diligence period during which the purchaser may exclude properties from the transaction, subject to certain conditions and within specified limits. The lease agreement to be entered into at closing will have an initial term of 20 years, subject to extension, at Herc’s option, for up to five additional periods of five years each. The transaction is expected to close by the end of the third quarter of 2017, subject to customary closing conditions. The sale of the properties is not expected to qualify for sale-leaseback accounting and the book value of the buildings and land will remain on the Company’s consolidated balance sheet.
ITEM 6.    EXHIBITS

The attached list of exhibits in the "Exhibit Index" immediately following the signature page to this Report is filed as part of this Form 10-Q and is incorporated herein by reference in response to this item.

35
Table of Contents        

HERC HOLDINGS INC. AND SUBSIDIARIES


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:
August 8, 2017
HERC HOLDINGS INC.
(Registrant)
 
 
By:
/s/ BARBARA L. BRASIER
 
 
 
Barbara L. Brasier
Senior Vice President and Chief Financial Officer

36
Table of Contents        

HERC HOLDINGS INC. AND SUBSIDIARIES


EXHIBIT INDEX
Exhibit
Number
Description
3.1.1
Amended and Restated Certificate of Incorporation of Herc Holdings (Incorporated by reference to Exhibit 3.1 to the Annual Report on Form 10-K of Hertz Global Holdings, Inc. (File No. 001-33139), as filed on March 30, 2007).


3.1.2
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of Herc Holdings, effective as of May 14, 2014 (Incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K of Hertz Global Holdings, Inc. (File No. 001-33139), as filed on May 14, 2014).


3.1.3
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of Herc Holdings, dated June 30, 2016 (reflecting the registrant’s name change to “Herc Holdings Inc.”) (Incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K of Herc Holdings (File No. 001-33139), as filed on July 6, 2016).
3.1.4
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of Herc Holdings, dated June 30, 2016 (Incorporated by reference to Exhibit 3.2 to the Current Report on Form 8-K of Herc Holdings (File No. 001-33139), as filed on July 6, 2016).
3.2
Amended and Restated By-Laws of Herc Holdings, effective June 30, 2016 (Incorporated by reference to Exhibit 3.3 to the Current Report on Form 8-K of Herc Holdings (File No. 001-33139), as filed on July 6, 2016).
31.1*
Certification of the Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002
31.2*
Certification of the Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) under the Securities and Exchange Act of 1934, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002
32.1**
18 U.S.C. Section 1350 Certifications of Chief Executive Officer and the Chief Financial Officer
101.INS*
XBRL Instance Document
101.SCH*
XBRL Taxonomy Extension Schema Document
101.CAL*
XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*
XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*
XBRL Taxonomy Extension Label Linkbase Document
101.PRE*
XBRL Taxonomy Extension Presentation Linkbase Document
_______________________________________________________________________________
*Filed herewith
**Furnished herewith






37
 EX-31.1 2 herc2017q2exhibit311.htm EXHIBIT 31.1 Exhibit


EXHIBIT 31.1
CERTIFICATIONS

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

I, Lawrence H. Silber, certify that:
1.
I have reviewed this quarterly report on Form 10-Q for the quarter ended June 30, 2017 (this "report") of Herc Holdings Inc. (the "registrant");
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date:
August 8, 2017
 
 
 
 
 
By:
/s/ LAWRENCE H. SILBER
 
 
 
 
Lawrence H. Silber
Chief Executive Officer, President and Director (Principal Executive Officer)
 



 EX-31.2 3 herc2017q2exhibit312.htm EXHIBIT 31.2 Exhibit


EXHIBIT 31.2
CERTIFICATIONS

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Barbara L. Brasier, certify that:
1.
I have reviewed this quarterly report on Form 10-Q for the quarter ended June 30, 2017 (this "report") of Herc Holdings Inc. (the "registrant");
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date:
August 8, 2017
 
 
 
 
 
By:
/s/ BARBARA L. BRASIER
 
 
 
 
Barbara L. Brasier
Senior Vice President and Chief Financial Officer (Principal Financial Officer)
 



 EX-32 4 herc2017q2exhibit321.htm EXHIBIT 32 Exhibit


EXHIBIT 32.1
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

In connection with the filing of this quarterly report on Form 10-Q of Herc Holdings Inc. (the "Company") for the period ended June 30, 2017 with the Securities and Exchange Commission on the date hereof (the "Report"), each of the undersigned officers certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to such officer's knowledge:
(1)
the Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)
the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:
August 8, 2017
 
 
 
 
 
By:
/s/ LAWRENCE H. SILBER
 
 
 
 
Lawrence H. Silber
Chief Executive Officer, President and Director (Principal Executive Officer)
 

Date:
August 8, 2017
 
 
 
 
 
By:
/s/ BARBARA L. BRASIER
 
 
 
 
Barbara L. Brasier Senior Vice President and Chief Financial Officer (Principal Financial Officer)
 



 EX-101.INS 5 hri-20170630.xml XBRL INSTANCE DOCUMENT 0001364479 2017-01-01 2017-06-30 0001364479 2017-08-04 0001364479 2016-12-31 0001364479 2017-06-30 0001364479 2017-04-01 2017-06-30 0001364479 2016-04-01 2016-06-30 0001364479 2016-01-01 2016-06-30 0001364479 us-gaap:RetainedEarningsMember 2017-01-01 2017-06-30 0001364479 us-gaap:CommonStockMember 2016-12-31 0001364479 us-gaap:CommonStockMember 2017-06-30 0001364479 us-gaap:TreasuryStockMember 2016-12-31 0001364479 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0001364479 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-06-30 0001364479 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-06-30 0001364479 us-gaap:TreasuryStockMember 2017-06-30 0001364479 us-gaap:RetainedEarningsMember 2016-12-31 0001364479 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-06-30 0001364479 us-gaap:AdditionalPaidInCapitalMember 2017-06-30 0001364479 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0001364479 us-gaap:RetainedEarningsMember 2017-06-30 0001364479 2015-12-31 0001364479 2016-06-30 0001364479 hri:HistoricalMappingofEntitiesRelatedtoSpinOffMember us-gaap:RestatementAdjustmentMember 2016-01-01 2016-06-30 0001364479 hri:HistoricalMappingofEntitiesRelatedtoSpinOffMember us-gaap:RestatementAdjustmentMember 2016-12-31 0001364479 hri:HistoricalMappingofEntitiesRelatedtoSpinOffMember us-gaap:RestatementAdjustmentMember 2015-12-31 0001364479 hri:HistoricalMappingofEntitiesRelatedtoSpinOffMember us-gaap:RestatementAdjustmentMember 2016-04-01 2016-06-30 0001364479 hri:HistoricalMappingofEntitiesRelatedtoSpinOffMember us-gaap:RestatementAdjustmentMember 2016-06-30 0001364479 us-gaap:ComputerSoftwareIntangibleAssetMember 2017-04-01 2017-06-30 0001364479 hri:OtherBorrowingsMember us-gaap:LineOfCreditMember 2017-06-30 0001364479 hri:OtherBorrowingsMember us-gaap:LineOfCreditMember 2017-01-01 2017-06-30 0001364479 hri:A2022NotesMember us-gaap:SeniorNotesMember 2016-06-30 0001364479 us-gaap:LetterOfCreditMember hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2017-06-30 0001364479 hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2017-06-30 0001364479 us-gaap:OtherNoncurrentAssetsMember hri:SeniorSecuredRevolvingCreditFacilityMember hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2017-06-30 0001364479 hri:A2022NotesMember us-gaap:SeniorNotesMember 2017-03-10 0001364479 us-gaap:SeniorNotesMember 2017-03-10 2017-03-10 0001364479 hri:A2024NotesMember us-gaap:SeniorNotesMember 2017-03-10 0001364479 hri:A2024NotesMember us-gaap:SeniorNotesMember 2016-06-30 0001364479 us-gaap:LetterOfCreditMember hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2016-06-30 0001364479 hri:SeniorSecuredRevolvingCreditFacilityMember hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2016-06-30 0001364479 hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2017-06-30 2017-06-30 0001364479 us-gaap:RevolvingCreditFacilityMember hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2016-06-30 0001364479 hri:SeniorSecuredRevolvingCreditFacilityMember hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2017-06-30 2017-06-30 0001364479 us-gaap:OtherNoncurrentAssetsMember hri:SeniorSecuredRevolvingCreditFacilityMember hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2016-12-31 0001364479 hri:SeniorSecuredRevolvingCreditFacilityMember hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2017-06-30 0001364479 hri:A2022NotesMember us-gaap:SeniorNotesMember 2017-06-30 0001364479 hri:SeniorSecuredRevolvingCreditFacilityMember hri:ABLCreditFacilityMember us-gaap:LineOfCreditMember 2016-12-31 0001364479 hri:CapitalLeaseAgreementsMember us-gaap:CapitalLeaseObligationsMember 2017-06-30 0001364479 hri:A2024NotesMember us-gaap:SeniorNotesMember 2017-06-30 0001364479 hri:CapitalLeaseAgreementsMember us-gaap:CapitalLeaseObligationsMember 2016-12-31 0001364479 hri:OtherBorrowingsMember us-gaap:LineOfCreditMember 2016-12-31 0001364479 hri:A2022NotesMember us-gaap:SeniorNotesMember 2016-12-31 0001364479 hri:A2024NotesMember us-gaap:SeniorNotesMember 2016-12-31 0001364479 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember 2017-04-01 2017-06-30 0001364479 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember 2016-04-01 2016-06-30 0001364479 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember 2016-01-01 2016-06-30 0001364479 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember 2017-01-01 2017-06-30 0001364479 hri:OmnibusPlanMember us-gaap:AffiliatedEntityMember 2016-01-01 2016-06-30 0001364479 us-gaap:RestrictedStockUnitsRSUMember hri:OmnibusPlanMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2017-04-01 2017-06-30 0001364479 us-gaap:EmployeeStockMember 2017-04-01 2017-06-30 0001364479 us-gaap:PerformanceSharesMember hri:OmnibusPlanMember 2017-04-01 2017-06-30 0001364479 us-gaap:RestrictedStockUnitsRSUMember hri:OmnibusPlanMember 2017-04-01 2017-06-30 0001364479 hri:OmnibusPlanMember 2017-01-01 2017-06-30 0001364479 us-gaap:RestrictedStockUnitsRSUMember hri:OmnibusPlanMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2017-04-01 2017-06-30 0001364479 hri:OmnibusPlanMember us-gaap:AffiliatedEntityMember 2016-04-01 2016-06-30 0001364479 hri:OmnibusPlanMember 2017-06-30 0001364479 us-gaap:EmployeeStockMember 2017-01-01 2017-06-30 0001364479 hri:OmnibusPlanMember 2016-04-01 2016-06-30 0001364479 hri:OmnibusPlanMember 2016-01-01 2016-06-30 0001364479 hri:OmnibusPlanMember 2017-04-01 2017-06-30 0001364479 us-gaap:ScenarioForecastMember 2017-01-01 2017-12-31 0001364479 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-01-01 2017-06-30 0001364479 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2017-01-01 2017-06-30 0001364479 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2016-04-01 2016-06-30 0001364479 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2016-04-01 2016-06-30 0001364479 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-04-01 2017-06-30 0001364479 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2016-01-01 2016-06-30 0001364479 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2017-04-01 2017-06-30 0001364479 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2016-01-01 2016-06-30 0001364479 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2017-01-01 2017-06-30 0001364479 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-06-30 0001364479 us-gaap:AccumulatedTranslationAdjustmentMember 2017-01-01 2017-06-30 0001364479 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2017-06-30 0001364479 us-gaap:AccumulatedTranslationAdjustmentMember 2017-06-30 0001364479 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2016-12-31 0001364479 us-gaap:AccumulatedTranslationAdjustmentMember 2016-12-31 0001364479 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2016-12-31 0001364479 us-gaap:AffiliatedEntityMember 2017-01-01 2017-06-30 0001364479 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2017-01-01 2017-06-30 0001364479 us-gaap:InterestRateSwapMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2017-04-01 2017-06-30 0001364479 us-gaap:InterestRateSwapMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2017-01-01 2017-06-30 0001364479 us-gaap:ForeignExchangeForwardMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2017-04-01 2017-06-30 0001364479 us-gaap:InterestRateSwapMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2016-01-01 2016-06-30 0001364479 us-gaap:ForeignExchangeForwardMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2017-01-01 2017-06-30 0001364479 us-gaap:InterestRateSwapMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2016-04-01 2016-06-30 0001364479 us-gaap:ForeignExchangeForwardMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2016-01-01 2016-06-30 0001364479 us-gaap:ForeignExchangeForwardMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2016-04-01 2016-06-30 0001364479 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:LondonInterbankOfferedRateLIBORMember 2017-06-30 0001364479 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2017-06-30 0001364479 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:InterestRateSwapMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:DesignatedAsHedgingInstrumentMember 2017-06-30 0001364479 us-gaap:AccruedLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:DesignatedAsHedgingInstrumentMember 2016-12-31 0001364479 us-gaap:AccruedLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:DesignatedAsHedgingInstrumentMember 2017-06-30 0001364479 us-gaap:AccruedLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2017-06-30 0001364479 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2016-12-31 0001364479 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:InterestRateSwapMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:DesignatedAsHedgingInstrumentMember 2016-12-31 0001364479 us-gaap:AccruedLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2016-12-31 0001364479 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2017-06-30 0001364479 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2017-06-30 0001364479 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2017-06-30 0001364479 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2017-06-30 0001364479 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2016-12-31 0001364479 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2016-12-31 0001364479 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2016-12-31 0001364479 us-gaap:StockCompensationPlanMember 2017-04-01 2017-06-30 0001364479 us-gaap:StockCompensationPlanMember 2016-04-01 2016-06-30 0001364479 us-gaap:StockCompensationPlanMember 2017-01-01 2017-06-30 0001364479 us-gaap:StockCompensationPlanMember 2016-01-01 2016-06-30 0001364479 us-gaap:AffiliatedEntityMember 2016-04-01 2016-06-30 0001364479 us-gaap:AffiliatedEntityMember 2016-01-01 2016-06-30 0001364479 hri:NominationandStandstillAgreementMember us-gaap:DirectorMember 2014-09-17 2014-09-17 0001364479 hri:NominationandStandstillAgreementMember us-gaap:DirectorMember 2017-01-01 2017-06-30 0001364479 hri:TransitionServicesAgreementMember us-gaap:AffiliatedEntityMember 2017-01-01 2017-06-30 0001364479 hri:TransitionServicesAgreementMember us-gaap:AffiliatedEntityMember 2017-04-01 2017-06-30 0001364479 us-gaap:SubsequentEventMember 2017-08-01 2017-08-08 0001364479 us-gaap:SubsequentEventMember 2017-08-08 hri:property hri:company_operated_branch xbrli:shares iso4217:USD xbrli:shares iso4217:USD hri:period xbrli:pure false --12-31 Q2 2017 2017-06-30 10-Q 0001364479 28346385 Large Accelerated Filer HERC HOLDINGS INC. 38700000 84100000 51400000 106300000 383100000 750200000 465600000 909300000 0.03 7600000 2300000 0 4400000 0.035 0.0296 1 200000000 1.1 720500000 275 2074800000 0 -67400000 0 74200000 88600000 163000000 176900000 0.15 0.2 P2Y 1900000 P20Y P5Y 44 5 31600000 69100000 46400000 100800000 350000000 139000000 314800000 293300000 309000000 200000 100000 78200000 79600000 -118700000 -111600000 1753300000 1754100000 300000 300000 4500000 4500000 1700000 1400000 2700000 2000000 100000 3000000 200000 4500000 1100000 1700000 1800000 2700000 24900000 27700000 2400000 3200000 2500000 2200000 200000 200000 900000 800000 0 0 29300000 29300000 3463300000 3525100000 371700000 385200000 3800000 7800000 13200000 20300000 200000 24700000 9000000 55100000 12500000 24000000 12400000 12000000 0 0 30400000 -12000000 0.01 0.01 133300000 133300000 31000000 31000000 28300000 28300000 300000 300000 -10800000 10100000 -22200000 -59700000 97900000 4000000 14000000 27100000 11100000 19500000 9300000 18600000 4900000 10100000 910000000 610000000 625000000 70300000 0 1005000000 549000000 562500000 62100000 500000 610000000 625000000 2275500000 2215300000 2237500000 2179100000 0.0788 0.0806 0.0400 0.075 0.0775 61000000 62500000 500000 0 17100000 15200000 0.0295 0.0750 0.0775 0.0479 21000000 17700000 692100000 657200000 5300000 -37300000 -400000 -900000 -500000 -900000 4000000 2000000 4000000 1500000 3100000 1500000 3100000 1500000 3000000 -100000 0 500000 800000 18600000 22100000 100000 0 0 0 0.0175 -200000 -100000 -400000 -3600000 0 0 0 1000000 P3Y 159200000 -1800000 300000 317900000 -3000000 600000 168900000 338000000 -0.28 -0.34 -0.98 -2.36 -0.28 -0.34 -0.98 -2.36 500000 500000 0.35 21500000 P2Y0M75D 600000 1000000 1200000 1800000 0 0 0 0 0 0 0 -100000 -15000000 -5500000 -5800000 91000000 91000000 26200000 3100000 -2700000 -4200000 -49800000 -104100000 1400000 700000 5300000 5300000 -22200000 -37300000 4600000 1800000 7400000 10900000 -13200000 -15600000 16400000 31700000 20000000 -3300000 -4200000 3700000 -5600000 3300000 0 0 0 0 303900000 283600000 -13300000 -19800000 -31600000 -69400000 12800000 64900000 24100000 25900000 24500000 0 3145600000 3266300000 3463300000 3525100000 242900000 424900000 1750000000 250000000 350000000 10000000.0 720500000 225500000 9500000 2178600000 2145400000 15700000 16000000 2194300000 2161400000 15700000 16000000 -104900000 -35300000 -73300000 -3500000 -99800000 208100000 122600000 -8000000 -9500000 -27600000 -66800000 -66800000 -8000000 -9500000 -27600000 -66800000 -1600000 -500000 6600000 8700000 84200000 166000000 94300000 187200000 327900000 635700000 350800000 671400000 34700000 35000000 2700000 2600000 900000 700000 0 0 -200000 -400000 1700000 23900000 7000000 8700000 400000 900000 500000 900000 7100000 7100000 -2800000 19600000 5400000 7100000 -1100000 -500000 7100000 8700000 7600000 7800000 2700000 2700000 0 0 -500000 -900000 32000000 38800000 500000 1400000 -200000 400000 3500000 700000 3700000 41100000 0 500000 0 142500000 160800000 13400000 26000000 0.01 0.01 13300000 13300000 0 0 0 0 0 0 15900000 17100000 1235000000 0 1619000000 279400000 2800000 1700000 10000000 0 0 300000 272000000 281300000 1305500000 1333200000 3695500000 3782200000 2390000000 2449000000 24400000 21900000 -400000 -900000 -500000 -900000 -200000 -500000 -300000 -500000 -500000 0 -500000 0 -200000 -400000 -200000 -400000 780000000 183700000 5100000 7800000 0 123500000 7000000 -12400000 10300000 -625200000 -692000000 123500000 17900000 35200000 14900000 26400000 380400000 746000000 415800000 805200000 3000000 6000000 3700000 6600000 74200000 1800000 9000000 136700000 3000000 18000000 78800000 160000000 2700000 4500000 P3Y P1Y P3Y 4510 39227 37.46 27800 1 1 1 0.85 28300000 28300000 317700000 -14600000 0 -118700000 -104100000 1753300000 300000 -625200000 -692000000 258800000 -15700000 -500000 -111600000 -95400000 1754100000 300000 -692000000 -692000000 -4000000 -4000000 10000000 14500000 2700000 2700000 692000000 692000000 28300000 28300000 28300000 28300000 28300000 28300000 28300000 28300000 2100000 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company prepares its condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). In the opinion of management, the condensed consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and footnotes. Actual results could differ materially from those estimates. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant estimates inherent in the preparation of the condensed consolidated financial statements include depreciation of revenue earning equipment, pension and postretirement benefits, the recoverability of long-lived assets, useful lives and impairment of long-lived tangible and intangible assets including goodwill and trade name, accounting for income taxes, valuation of stock-based compensation, reserves for litigation and other contingencies, allowances for receivables and, prior to the Spin-Off, allocated general corporate expenses from THC, among others.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The financial statements for the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> included in this Quarterly Report on Form 10-Q (this "Report") represent the carve-out financial results.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation and Recently Issued Accounting Pronouncements</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company prepares its condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). In the opinion of management, the condensed consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and footnotes. Actual results could differ materially from those estimates. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant estimates inherent in the preparation of the condensed consolidated financial statements include depreciation of revenue earning equipment, pension and postretirement benefits, the recoverability of long-lived assets, useful lives and impairment of long-lived tangible and intangible assets including goodwill and trade name, accounting for income taxes, valuation of stock-based compensation, reserves for litigation and other contingencies, allowances for receivables and, prior to the Spin-Off, allocated general corporate expenses from THC, among others.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The financial statements for the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> included in this Quarterly Report on Form 10-Q (this "Report") represent the carve-out financial results.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Principles of Consolidation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The condensed consolidated financial statements include the accounts of Herc Holdings and its wholly owned subsidiaries. In the event that the Company is a primary beneficiary of a variable interest entity, the assets, liabilities and results of operations of the variable interest entity are included in the Company's condensed consolidated financial statements. The Company accounts for its investments in joint ventures using the equity method when it has significant influence but not control and is not the primary beneficiary. All significant intercompany transactions have been eliminated in consolidation. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transactions between the Company and THC and its affiliates prior to the Spin-Off are herein referred to as &#8220;related party&#8221; or &#8220;affiliated&#8221; transactions for the 2016 periods presented. Effective with the Spin-Off on </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, all transactions with THC and its affiliates were settled and paid in full. Effective upon the Spin-Off, the Company entered into certain agreements with New Hertz, including a transition service agreement ("TSA"). See </font><font style="font-family:inherit;font-size:10pt;">Note 15</font><font style="font-family:inherit;font-size:10pt;">, "</font><font style="font-family:inherit;font-size:10pt;">Arrangements with New Hertz</font><font style="font-family:inherit;font-size:10pt;">" for further information. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For periods prior to the Spin-Off, the condensed consolidated financial statements include net interest expense on loans receivable and payable to affiliates and expense allocations for certain corporate functions historically performed by THC, including, but not limited to, general corporate expenses related to finance, legal, information technology, human resources, communications, employee benefits and incentives, insurance and stock-based compensation. These expenses were allocated to the Company on the basis of direct usage when identifiable, with the remainder allocated on the basis of revenues, operating expenses, headcount or other relevant measures. Management believes the assumptions underlying the condensed consolidated financial statements, including the assumptions regarding the allocation of corporate expenses from THC, are reasonable. Nevertheless, the condensed consolidated financial statements may not include all of the expenses that would have been incurred had the Company been a stand-alone company during the periods presented and may not reflect the Company's condensed consolidated financial position, results of operations and cash flows had the Company been a stand-alone company during the periods presented. Actual costs that would have been incurred if the Company had been a stand-alone company would have depended on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. For additional information related to costs allocated to the Company by THC, see </font><font style="font-family:inherit;font-size:10pt;">Note 14</font><font style="font-family:inherit;font-size:10pt;">, "</font><font style="font-family:inherit;font-size:10pt;">Related Party Transactions</font><font style="font-family:inherit;font-size:10pt;">."</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassification of Prior Period Presentation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported condensed consolidated balance sheets, results of operations, equity or cash flows for any period presented.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Correction of Errors</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has revised its condensed consolidated statement of operations for the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> to correct the recording of </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$3.0 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, of expense from direct operating expense into selling, general and administrative expense, which did not impact net income. The correction resulted from incorrect mapping of certain expense accounts to the financial statement line items. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the first quarter of 2017, the Company identified an error related to its classification of certain restricted cash. Accordingly, the Company has revised its consolidated balance sheet as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> to correct the classification of </font><font style="font-family:inherit;font-size:10pt;">$12.4 million</font><font style="font-family:inherit;font-size:10pt;"> from restricted cash to cash and cash equivalents as the cash was determined to be available for use in general operations. This correction also impacted the condensed consolidated statements of cash flows for the </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> by reducing cash used in investing activities by </font><font style="font-family:inherit;font-size:10pt;">$3.5 million</font><font style="font-family:inherit;font-size:10pt;"> and increasing cash and cash equivalents at the beginning and end of the period by </font><font style="font-family:inherit;font-size:10pt;">$9.0 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$12.5 million</font><font style="font-family:inherit;font-size:10pt;">, respectively. The Company will also correct its previously reported financial statements in its future filings. The Company assessed the materiality of the error from qualitative and quantitative perspectives and concluded the adjustments were not material to its previously issued annual and interim financial statements. There was no impact of this error to the condensed consolidated statement of operations, condensed consolidated statements of other comprehensive income (loss) or condensed consolidated statement of equity presented in this Report or for any period.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recently Issued Accounting Pronouncements </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Adopted</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Subsequent Measurement of Inventory </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the Financial Accounting Standards Board ("FASB") issued guidance that requires inventory to be measured at the lower of cost and net realizable value (rather than cost or market), excluding inventory measured using the last-in, first-out method or the retail inventory method. Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Transition to the Equity Method of Accounting</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued guidance that eliminates the requirement to apply the equity method of accounting retrospectively when significant influence over a previously held investment is obtained. Rather, the guidance requires the investor to add the cost of acquiring the additional interest in the investee to the current basis of the investor&#8217;s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method of accounting. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Improvements to Employee Share-Based Payment Accounting </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued guidance that simplifies several areas of employee share-based payment accounting, including: (i) eliminating tracking of tax "windfalls" in a separate pool within additional paid-in capital; instead, excess tax benefits and tax deficiencies are recorded within income tax expense; (ii) eliminating the requirement that excess tax benefits be realized before they can be recognized which is required to be recorded as an adjustment to opening retained earnings; however, the impact to the Company upon adoption was immaterial; (iii) presentation of excess tax benefits as an operating activity on the statement of cash flows, which had no impact on the Company; (iv) presentation of employee taxes paid directly to a taxing authority when directly withholding shares for tax-withholding purposes as a financing activity on the statement of cash flows, which had no impact as the Company has historically followed this presentation and (v) making a policy election regarding treatment of forfeitures, with respect to which the Company will continue to estimate forfeitures. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's consolidated statement of operations. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Not Yet Adopted</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued guidance that will replace most existing revenue recognition guidance in U.S. GAAP. The new guidance applies to all contracts with customers except for leases, insurance contracts, financial instruments, certain nonmonetary exchanges and certain guarantees. The core principle of the guidance is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The new principles-based revenue recognition model requires an entity to perform five steps in its analysis: 1) identify the contract(s) with a customer, 2) identify the performance obligations in the contract, 3) determine the transaction price, 4) allocate the transaction price to the performance obligations in the contract, and 5) recognize revenue when (or as) the entity satisfies a performance obligation. Under the new guidance, performance obligations in a contract will be separately identified, which may impact the timing of recognition of the revenue allocated to each obligation. The measurement of revenue recognized may also be impacted by identification of new performance obligations and other matters, such as collectability and variable consideration. Also, additional disclosures are required about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The new guidance may be adopted on either a full or modified retrospective basis. As originally issued, the guidance was effective for annual reporting periods beginning after December 15, 2016, including interim periods within those reporting periods. However in July 2015, the FASB agreed to defer the effective date until annual and interim reporting periods beginning after December 15, 2017. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued clarifying guidance on assessing whether an entity is a principal or an agent in a revenue transaction, which impacts whether an entity reports revenue on a gross or net basis. In April 2016, the FASB issued guidance that reduces the complexity for identifying performance obligations and clarifies the implementation guidance on licensing for intellectual property. In May 2016, the FASB issued guidance that clarifies the collectability criterion, the presentation of sales taxes and non-cash consideration, and provides additional implementation practical expedients. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company believes the accounting for equipment rental revenue is primarily outside of the scope of the revenue guidance and will be evaluated under the new lease guidance, which is described further under the heading "Leases" below. The Company is in the process of evaluating the guidance with respect to sales of revenue earning equipment, sales of new equipment, parts and supplies and service and other revenues and intends to determine the adoption method and preliminary impact on the Company's financial statements during the third quarter of 2017. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued guidance that replaces the existing lease guidance. The new guidance establishes a right-of-use (&#8220;ROU&#8221;) model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. This guidance also expands the requirements for lessees to record leases embedded in other arrangements and the required quantitative and qualitative disclosures surrounding leases. Accounting guidance for lessors is largely unchanged. This guidance is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods using a modified retrospective transition approach. The Company is in the process of assessing the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued guidance to eliminate the diversity in practice related to the classification of certain cash receipts and payments in the statement of cash flows, by adding or clarifying guidance on eight specific cash flow issues. This guidance is effective for annual and interim reporting periods beginning after December&#160;15, 2017, with early adoption permitted. The Company is in the process of assessing the potential impacts of adopting this guidance on its statement of cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows: Restricted Cash </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued guidance requiring restricted cash and cash equivalents to be included with cash and cash equivalents on the statement cash flows. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. The Company is in the process of assessing the potential impacts of adopting this guidance on its statement of cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory</font><font style="font-family:inherit;font-size:11pt;color:#333333;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In October 2016, the FASB issued guidance requiring an entity to recognize upon transfer the income tax consequences of an intra-entity transfer of an asset other than inventory, eliminating the current recognition exception. Two common examples of assets included in the scope of this standard are intellectual property and property, plant and equipment. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Test for Goodwill Impairment</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued guidance to simplify the&#160;subsequent measurement of goodwill by removing the second step of the two-step impairment test. The guidance requires that an entity recognize an impairment charge for the amount by which the carrying amount of the reporting unit exceeds the reporting unit&#8217;s fair value. This guidance is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2017, the FASB issued guidance on the presentation of net periodic pension and postretirement benefit costs in the income statement and on the components eligible for capitalization. The guidance requires the reporting of the service cost component of the net periodic benefit costs in the same income statement line item as other components of net periodic costs arising from services rendered by an employee during the period, and that non-service-cost components be presented in the income statement separately from the service cost components and outside a subtotal of income from operations. The guidance also allows for the capitalization of the service cost components, when applicable. This guidance is effective for annual and interim periods beginning after December 15, 2017. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation - Stock Compensation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2017, the FASB issued guidance on which changes to the terms or conditions of a share-based payment award requires an entity to apply modification accounting. Under the updated guidance, a modification is defined as a change in the terms or conditions of a share-based payment award, and an entity should account for the effects of a modification unless all of the following are met:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:32px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation techniques that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:32px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:32px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This guidance requires prospective adoption and is effective for annual and interim periods beginning after December 15, 2017, with early adoption permitted. The Company does not expect the guidance to have significant impact on its financial position, results of operations or cash flows.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commitments and Contingencies</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Legal Proceedings</font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From time to time the Company is a party to various legal proceedings. Summarized below are the most significant legal proceedings to which the Company is a party.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">In re Hertz Global Holdings, Inc. Securities Litigation</font><font style="font-family:inherit;font-size:10pt;"> - In November 2013, a putative shareholder class action, Pedro Ramirez, Jr. v. Hertz Global Holdings, Inc., et al., was commenced in the U.S. District Court for the District of New Jersey naming Hertz Holdings and certain of its officers as defendants and alleging violations of the federal securities laws. The complaint alleged that Hertz Holdings made material misrepresentations and/or omission of material fact in its public disclosures during the period from February 25, 2013 through November 4, 2013, in violation of Section 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 10b-5 promulgated thereunder. The complaint sought unspecified monetary damages on behalf of the purported class and an award of costs and expenses, including counsel fees and expert fees. In June 2014, Hertz Holdings moved to dismiss the amended complaint. In October 2014, the court granted Hertz Holdings&#8217; motion to dismiss without prejudice, allowing the plaintiff to amend the complaint a second time. In November 2014, plaintiff filed a second amended complaint which shortened the putative class period and made allegations that were not substantively very different than the allegations in the prior complaint. In early 2015, Hertz Holdings moved to dismiss the second amended complaint. In July 2015, the court granted Hertz Holdings&#8217; motion to dismiss without prejudice, allowing plaintiff to file a third amended complaint. In August 2015, plaintiff filed a third amended complaint which included additional allegations, named additional then-current and former officers as defendants and expanded the putative class period to extend from February 14, 2013 to July 16, 2015. In November 2015, Hertz Holdings moved to dismiss the third amended complaint. The plaintiff then sought leave to add a new plaintiff because of challenges to the standing of the first plaintiff. The court granted plaintiff leave to file a fourth amended complaint to add the new plaintiff, and the new complaint was filed on March 1, 2016. Hertz Holdings and the individual defendants moved to dismiss the fourth amended complaint with prejudice on March 24, 2016. In April 2017, the court granted Hertz Holdings' and the individual defendants' motions to dismiss and dismissed the action with prejudice. In May 2017, plaintiff filed a notice of appeal.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Governmental Investigations</font><font style="font-family:inherit;font-size:10pt;"> - In June 2014, Hertz Holdings was advised by the staff of the New York Regional Office of the Securities and Exchange Commission ("SEC") that it is investigating the events disclosed in certain of Hertz Holdings&#8217; filings with the SEC. In addition, in December 2014 a state securities regulator requested information from Hertz Holdings regarding the same or similar events. In May 2017, the state securities regulator advised New Hertz that it had closed its investigation. Starting in June 2016, Hertz Holdings and New Hertz have had communications with the United States Attorney&#8217;s Office for the District of New Jersey regarding the same or similar events. New Hertz is responsible for managing these matters. The investigations and communications generally involve the restatements included in Hertz Holdings&#8217; 2014 Form 10-K and related accounting for prior periods. Among other matters, the restatements included in Hertz Holdings&#8217; 2014 Form 10-K addressed a variety of accounting matters involving THC's former Brazil vehicle rental operations. Hertz Holdings identified certain activities by THC's former vehicle rental operations in Brazil that may raise issues under the Foreign Corrupt Practices Act and other federal and local laws. THC has self-reported these issues to appropriate government entities, and these issues continue to be investigated. The Company has and intends to continue to cooperate with all governmental requests related to the foregoing. At this time, the Company is currently unable to predict the outcome of these proceedings and issues or to reasonably estimate the range of possible losses, which could be material.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, the Company is subject to a number of claims and proceedings that generally arise in the ordinary conduct of its business. These matters include, but are not limited to, claims arising from the operation of rented equipment and workers' compensation claims. The Company does not believe that the liabilities arising from such ordinary course claims and proceedings will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has established reserves for matters where the Company believes the losses are probable and can be reasonably estimated. For matters where a reserve has not been established, including certain of those described above, the ultimate outcome or resolution cannot be predicted at this time, or the amount of ultimate loss, if any, cannot be reasonably estimated. Litigation is subject to many uncertainties and there can be no assurance as to the outcome of the individual litigated matters. It is possible that certain of the actions, claims, inquiries or proceedings, including those discussed above, could be decided unfavorably to the Company or any of its subsidiaries involved. Accordingly, it is possible that an adverse outcome from such a proceeding could exceed the amount accrued in an amount that could be material to the Company's consolidated financial condition, results of operations or cash flows in any particular reporting period.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Off-Balance Sheet Commitments</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Indemnification Obligations</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the ordinary course of business, the Company executes contracts involving indemnification obligations customary in the relevant industry and indemnifications specific to a transaction such as the sale of a business. These indemnification obligations might include claims relating to the following: environmental matters; intellectual property rights; governmental regulations; employment-related matters; customer, supplier and other commercial contractual relationships; and financial matters. Performance under these indemnification obligations would generally be triggered by a breach of terms of the contract or by a third party claim. The Company regularly evaluates the probability of having to incur costs associated with these indemnification obligations and has accrued for expected losses that are probable and estimable. The types of indemnification obligations for which payments are possible include the following:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;">The Spin-Off</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the Spin-Off, pursuant to the separation and distribution agreement (as discussed in </font><font style="font-family:inherit;font-size:10pt;">Note 15</font><font style="font-family:inherit;font-size:10pt;">, "</font><font style="font-family:inherit;font-size:10pt;">Arrangements with New Hertz</font><font style="font-family:inherit;font-size:10pt;">"), the Company has assumed the liability for, and control of, all pending and threatened legal matters related to its equipment rental business and related assets, as well as assumed or retained liabilities, and will indemnify New Hertz for any liability arising out of or resulting from such assumed legal matters.&#160;The separation and distribution agreement also provides for certain liabilities to be shared by the parties.&#160;The Company is responsible for a portion of these shared liabilities (typically </font><font style="font-family:inherit;font-size:10pt;">15%</font><font style="font-family:inherit;font-size:10pt;">), as set forth in that agreement.&#160;New Hertz is responsible for managing the settlement or other disposition of such shared liabilities. Pursuant to the tax matters agreement, the Company has agreed to indemnify New Hertz for any resulting taxes and related losses if the Company takes or fails to take any action (or permits any of its affiliates to take or fail to take any action) that causes the Spin-Off and related transactions to be taxable, or if there is an acquisition of the equity securities or assets of the Company or of any member of the Company&#8217;s group that causes the Spin-Off and related transactions to be taxable. </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Environmental</font></div><div style="line-height:120%;text-align:justify;padding-left:72px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has indemnified various parties for the costs associated with remediating numerous hazardous substance storage, recycling or disposal sites in many states and, in some instances, for natural resource damages. The amount of any such expenses or related natural resource damages for which the Company may be held responsible could be substantial. The probable expenses that the Company expects to incur for such matters have been accrued, and those expenses are reflected in the Company's consolidated financial statements. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the aggregate amounts accrued for environmental liabilities including liability for environmental indemnities, reflected in the Company's consolidated balance sheets in "Accrued liabilities" were </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;">, respectively. The accrual generally represents the estimated cost to study potential environmental issues at sites deemed to require investigation or clean-up activities, and the estimated cost to implement remediation actions, including on-going maintenance, as required. Cost estimates are developed by site. Initial cost estimates are based on historical experience at similar sites and are refined over time on the basis of in-depth studies of the sites. For many sites, the remediation costs and other damages for which the Company ultimately may be responsible cannot be reasonably estimated because of uncertainties with respect to factors such as the Company's connection to the site, the materials there, the involvement of other potentially responsible parties, the application of laws and other standards or regulations, site conditions, and the nature and scope of investigations, studies, and remediation to be undertaken (including the technologies to be required and the extent, duration, and success of remediation).</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accumulated Other Comprehensive Income (Loss)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The changes in the accumulated other comprehensive income (loss) balance by component (net of tax) for the </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2017</font><font style="font-family:inherit;font-size:10pt;"> are presented in the table below (in millions). </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:49%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Pension and Other Post-Employment Benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Unrealized Losses on Hedging Instruments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Foreign Currency Items</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Accumulated Other Comprehensive Income (Loss)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at December 31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(104.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(118.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other comprehensive income (loss) before reclassification</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.7</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.6</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from accumulated other comprehensive loss</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net current period other comprehensive income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.7</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at June 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(95.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(111.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from accumulated other comprehensive income (loss) to net income (loss) were as follows (in millions):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="19" rowspan="1"></td></tr><tr><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Pension and other postretirement benefit plans</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Statement of Operations Caption</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of actuarial losses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Selling, general and administrative</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tax benefit</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income tax expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total reclassifications for the period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Principles of Consolidation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The condensed consolidated financial statements include the accounts of Herc Holdings and its wholly owned subsidiaries. In the event that the Company is a primary beneficiary of a variable interest entity, the assets, liabilities and results of operations of the variable interest entity are included in the Company's condensed consolidated financial statements. The Company accounts for its investments in joint ventures using the equity method when it has significant influence but not control and is not the primary beneficiary. All significant intercompany transactions have been eliminated in consolidation. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transactions between the Company and THC and its affiliates prior to the Spin-Off are herein referred to as &#8220;related party&#8221; or &#8220;affiliated&#8221; transactions for the 2016 periods presented. Effective with the Spin-Off on </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, all transactions with THC and its affiliates were settled and paid in full. Effective upon the Spin-Off, the Company entered into certain agreements with New Hertz, including a transition service agreement ("TSA"). See </font><font style="font-family:inherit;font-size:10pt;">Note 15</font><font style="font-family:inherit;font-size:10pt;">, "</font><font style="font-family:inherit;font-size:10pt;">Arrangements with New Hertz</font><font style="font-family:inherit;font-size:10pt;">" for further information. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For periods prior to the Spin-Off, the condensed consolidated financial statements include net interest expense on loans receivable and payable to affiliates and expense allocations for certain corporate functions historically performed by THC, including, but not limited to, general corporate expenses related to finance, legal, information technology, human resources, communications, employee benefits and incentives, insurance and stock-based compensation. These expenses were allocated to the Company on the basis of direct usage when identifiable, with the remainder allocated on the basis of revenues, operating expenses, headcount or other relevant measures. Management believes the assumptions underlying the condensed consolidated financial statements, including the assumptions regarding the allocation of corporate expenses from THC, are reasonable. Nevertheless, the condensed consolidated financial statements may not include all of the expenses that would have been incurred had the Company been a stand-alone company during the periods presented and may not reflect the Company's condensed consolidated financial position, results of operations and cash flows had the Company been a stand-alone company during the periods presented. Actual costs that would have been incurred if the Company had been a stand-alone company would have depended on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Debt</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's debt consists of the following (in millions):</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted Average Effective Interest Rate at June 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted Average Stated Interest Rate at June 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fixed or Floating Interest Rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Maturity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">June&#160;30, <br clear="none"/>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, <br clear="none"/>2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Senior Secured Second Priority Notes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022 Notes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.88%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.50%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">549.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">610.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2024 Notes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.06%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.75%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">562.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">625.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ABL Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">N/A</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.95%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floating</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,005.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">910.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Capital leases</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.00%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">N/A</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016-2021</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62.1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70.3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other borrowings</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">N/A</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.79%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floating</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unamortized Debt Issuance Costs</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(17.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(21.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total debt</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,161.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,194.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Current maturities of long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15.7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt, net</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,145.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,178.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:inherit;font-size:8pt;">(a)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Unamortized debt issuance costs totaling </font><font style="font-family:inherit;font-size:8pt;">$15.2 million</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">$17.1 million</font><font style="font-family:inherit;font-size:8pt;"> related to the ABL Credit Facility (as defined below) are included in "Other long-term assets" in the condensed consolidated balance sheets as of </font><font style="font-family:inherit;font-size:8pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:8pt;">, respectively.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The effective interest rates for the fixed rate 2022 Notes and 2024 Notes (as defined below) include the stated interest on the notes and the amortization of any debt issuance costs.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Senior Secured Second Priority Notes</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;">June 2016</font><font style="font-family:inherit;font-size:10pt;">, Herc issued </font><font style="font-family:inherit;font-size:10pt;">$610.0 million</font><font style="font-family:inherit;font-size:10pt;"> aggregate principal amount of </font><font style="font-family:inherit;font-size:10pt;">7.50%</font><font style="font-family:inherit;font-size:10pt;"> senior secured second priority notes due </font><font style="font-family:inherit;font-size:10pt;">2022</font><font style="font-family:inherit;font-size:10pt;"> (the "2022 Notes") and </font><font style="font-family:inherit;font-size:10pt;">$625.0 million</font><font style="font-family:inherit;font-size:10pt;"> aggregate principal amount of </font><font style="font-family:inherit;font-size:10pt;">7.75%</font><font style="font-family:inherit;font-size:10pt;"> senior secured second priority notes due </font><font style="font-family:inherit;font-size:10pt;">2024</font><font style="font-family:inherit;font-size:10pt;"> (the "2024 Notes" and, together with the 2022 Notes, the "Notes"). Interest on the 2022 Notes accrues at the rate of </font><font style="font-family:inherit;font-size:10pt;">7.50%</font><font style="font-family:inherit;font-size:10pt;"> per annum and is payable semi-annually in arrears on </font><font style="font-family:inherit;font-size:10pt;">June 1</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 1</font><font style="font-family:inherit;font-size:10pt;">. The 2022 Notes mature on </font><font style="font-family:inherit;font-size:10pt;">June&#160;1, 2022</font><font style="font-family:inherit;font-size:10pt;">. Interest on the 2024 Notes accrues at the rate of </font><font style="font-family:inherit;font-size:10pt;">7.75%</font><font style="font-family:inherit;font-size:10pt;"> per annum and is payable semi-annually in arrears on </font><font style="font-family:inherit;font-size:10pt;">June 1</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 1</font><font style="font-family:inherit;font-size:10pt;">. The 2024 Notes mature on </font><font style="font-family:inherit;font-size:10pt;">June&#160;1, 2024</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 10, 2017 Herc drew down on its ABL Credit Facility (as defined below) and redeemed </font><font style="font-family:inherit;font-size:10pt;">$61.0 million</font><font style="font-family:inherit;font-size:10pt;"> in aggregate principal&#160;amount of the 2022 Notes and </font><font style="font-family:inherit;font-size:10pt;">$62.5 million</font><font style="font-family:inherit;font-size:10pt;"> in aggregate principal amount of the 2024 Notes and recorded a </font><font style="font-family:inherit;font-size:10pt;">$5.8 million</font><font style="font-family:inherit;font-size:10pt;"> loss on the early extinguishment of debt, comprised of a </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> cash premium totaling </font><font style="font-family:inherit;font-size:10pt;">$3.7 million</font><font style="font-family:inherit;font-size:10pt;"> and a non-cash charge of </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the write-off of unamortized debt issuance costs. The loss on early extinguishment of debt is included in "Interest expense, net&#8221; in the Company's condensed consolidated statement of operations.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">ABL Credit Facility</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's asset-based revolving credit agreement, executed by its Herc subsidiary, provides for senior secured revolving loans up to a maximum aggregate principal amount of </font><font style="font-family:inherit;font-size:10pt;">$1,750 million</font><font style="font-family:inherit;font-size:10pt;"> (subject to availability under a borrowing base), including revolving loans in an aggregate principal amount of </font><font style="font-family:inherit;font-size:10pt;">$350 million</font><font style="font-family:inherit;font-size:10pt;"> available to Canadian borrowers and U.S. borrowers (the "ABL Credit Facility"). Up to </font><font style="font-family:inherit;font-size:10pt;">$250 million</font><font style="font-family:inherit;font-size:10pt;"> of the revolving loan facility is available for the issuance of letters of credit, subject to certain conditions including issuing lender participation. Extensions of credit under the ABL Credit Facility are limited by a borrowing base calculated periodically based on specified percentages of the value of eligible rental equipment, eligible service vehicles, eligible spare parts and merchandise, eligible accounts receivable, and eligible unbilled accounts subject to certain reserves and other adjustments. Subject to the satisfaction of certain conditions and limitations, the ABL Credit Facility allows for the addition of incremental revolving and/or term loan commitments. In addition, the ABL Credit Facility permits Herc to increase the amount of commitments under the ABL Credit Facility with the consent of each lender providing an additional commitment, subject to satisfaction of certain conditions. The ABL Credit Facility matures on </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2021</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The interest rates applicable to the loans under the ABL Credit Facility are based on a fluctuating rate of interest measured by reference to either, at the borrowers&#8217; option, (i)&#160;an adjusted London inter-bank offered rate, plus a borrowing margin or (ii)&#160;an alternate base rate, plus a borrowing margin (or, in the case of the Canadian borrowers, a rate equal to the rate on bankers&#8217; acceptances with the same maturity, plus a borrowing margin). The borrowing margin on the ABL Credit Facility is determined based on a pricing grid that is bifurcated based on corporate credit ratings, with levels within the grid based on available commitments. Customary fees are also payable in respect of the ABL Credit Facility, including a commitment fee on the unutilized portion thereof.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Other Borrowings </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2017, the Company's subsidiary in China entered into uncommitted credit agreements with a bank for up to the maximum aggregate principal amount of </font><font style="font-family:inherit;font-size:10pt;">$10.0 million</font><font style="font-family:inherit;font-size:10pt;">. Interest accrues on the loans drawn under these facilities at a rate of </font><font style="font-family:inherit;font-size:10pt;">110%</font><font style="font-family:inherit;font-size:10pt;"> of the prevailing base lending rates published by People's Bank of China and is payable quarterly. As of June 30, 2017, the Company had short-term borrowings under these facilities totaling </font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Covenants</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Notes</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The indenture governing the Notes contains covenants that, among other things, limit the ability of Herc to incur additional indebtedness, guarantee indebtedness or issue certain preferred shares; pay dividends on, redeem or repurchase stock or make other distributions in respect of its capital stock; repurchase, prepay or redeem subordinated indebtedness; make loans and investments; create liens; transfer or sell assets; consolidate, merge or sell or otherwise dispose of all or substantially all of its assets; enter into certain transactions with affiliates; and designate subsidiaries as unrestricted subsidiaries.&#160; </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ABL Credit Facility </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The ABL Credit Facility contains a number of negative covenants that, among other things, limit or restrict the ability of the borrowers and, in certain cases, their restricted subsidiaries to dispose of assets, incur additional indebtedness, incur guarantee obligations, prepay certain indebtedness, make certain dividends, create liens, make investments, make acquisitions, engage in mergers, change the nature of their business, engage in certain transactions with affiliates and enter into certain restrictive agreements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Failure to maintain certain levels of liquidity will subject the Herc credit group to a contractually specified fixed charge coverage ratio of not less than </font><font style="font-family:inherit;font-size:10pt;">1</font><font style="font-family:inherit;font-size:10pt;">:1 for the four quarters most recently ended. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company was not subject to the fixed charge coverage ratio test.</font></div><div style="line-height:120%;text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Covenants in the ABL Credit Facility restrict payment of cash dividends to any parent of Herc, including Herc Holdings, except in an aggregate amount, taken together with certain investments, acquisitions and optional prepayments, not to exceed </font><font style="font-family:inherit;font-size:10pt;">$200 million</font><font style="font-family:inherit;font-size:10pt;">. Herc may also pay additional cash dividends under the ABL Credit Facility under certain circumstances.</font></div><div style="line-height:120%;text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The ABL Credit Facility also contains certain affirmative covenants, including financial and other reporting requirements. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Borrowing Capacity and Availability</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After outstanding borrowings, the following was available to the Company under the ABL Credit Facility as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> (in millions):</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Remaining</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Capacity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Availability&#160;Under</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Borrowing&#160;Base</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Limitation</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ABL Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">720.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">720.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company's subsidiary in China had uncommitted credit facilities of which </font><font style="font-family:inherit;font-size:10pt;">$9.5 million</font><font style="font-family:inherit;font-size:10pt;"> was unutilized.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Letters of Credit</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the ABL Credit Facility had </font><font style="font-family:inherit;font-size:10pt;">$225.5 million</font><font style="font-family:inherit;font-size:10pt;"> available under the letter of credit facility sublimit, subject to borrowing base restrictions, as </font><font style="font-family:inherit;font-size:10pt;">$24.5 million</font><font style="font-family:inherit;font-size:10pt;"> of standby letters of credit were issued and outstanding, </font><font style="font-family:inherit;font-size:10pt;">none</font><font style="font-family:inherit;font-size:10pt;"> of which have been drawn upon.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Instruments</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company established risk management policies and procedures, which seek to reduce the Company&#8217;s risk exposure to fluctuations in foreign currency exchange rates and interest rates. However, there can be no assurance that these policies and procedures will be successful. Although the instruments utilized involve varying degrees of credit, market and interest risk, the counterparties to the agreements are expected to perform fully under the terms of the agreements. The Company monitors counterparty credit risk, including lenders, on a regular basis, but cannot be certain that all risks will be discerned or that its risk management policies and procedures will always be effective. Additionally, in the event of default under the Company&#8217;s master derivative agreements, the non-defaulting party has the option to set-off any amounts owed with regard to open derivative positions.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Foreign Currency Exchange Rate Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s objective in managing exposure to foreign currency fluctuations is to limit the exposure of certain cash flows and earnings to foreign currency exchange rate changes through the use of various derivative contracts. The Company experiences foreign currency risks in its global operations as a result of various factors, including intercompany local currency denominated loans, rental operations in various currencies and purchasing fleet in various currencies.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Interest Rate Swap Arrangement</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has entered into a </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-year LIBOR-based interest rate swap arrangement on a portion of its outstanding ABL Credit Facility. The aggregate amount of the swap is equal to a portion of the U.S. dollar principal amount of the ABL Credit Facility and the payment dates of the swap coincide with the interest payment dates of the ABL Credit Facility. The swap contract provides for the Company to pay a fixed interest rate and receive a floating rate. The variable interest rate resets monthly. The swap has been accounted for as cash flow hedge of a portion of the ABL Credit Facility. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the outstanding interest rate swap arrangement as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> (dollars in millions):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:37%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Aggregate Notional Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Receive Rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Receive Rate as of June 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Pay Rate</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ABL Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">350.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1 month LIBOR + 1.75%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the estimated fair value of the Company's financial instruments (in millions).</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:49%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value of Financial Instruments</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Prepaid &amp; Other Current Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Accrued Liabilities</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">June&#160;30, <br clear="none"/>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, <br clear="none"/>2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">June&#160;30, <br clear="none"/>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, <br clear="none"/>2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivatives Designated as Hedging Instruments</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivatives Not Designated as Hedging Instruments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency forward contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the gains and losses on derivative instruments for the periods indicated. Gains and losses recognized on foreign&#160;currency&#160;forward&#160;contracts and the effective portion of interest rate swaps are included in the condensed consolidated statements of operations together with the corresponding offsetting gains and losses on the underlying hedged transactions. All gains and losses recognized are included in "Selling, general and administrative" in the condensed consolidated statements of operations (in millions).</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:54%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Gain (Loss) Recognized</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivatives Designated as Cash Flow Hedges</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap - effective portion</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap - ineffective portion</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivatives Not Designated as Hedging Instruments</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign&#160;currency&#160;forward&#160;contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock-Based Compensation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the </font><font style="font-family:inherit;font-size:10pt;">three months ended June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, under the Herc Holdings Inc. 2008 Omnibus Incentive Plan (the "Omnibus Plan"), the Company granted </font><font style="font-family:inherit;font-size:10pt;">39,227</font><font style="font-family:inherit;font-size:10pt;"> restricted stock units ("RSUs") and </font><font style="font-family:inherit;font-size:10pt;">4,510</font><font style="font-family:inherit;font-size:10pt;"> performance stock units ("PSUs") at a weighted average grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$37.46</font><font style="font-family:inherit;font-size:10pt;"> per unit. Approximately </font><font style="font-family:inherit;font-size:10pt;">27,800</font><font style="font-family:inherit;font-size:10pt;"> of the RSUs vest </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> year following the grant date with the remaining vesting </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> years following the grant date, and the PSUs vest </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> years following the grant date provided the performance target is met at the vesting date. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the total compensation expense and associated income tax benefits recognized under the Omnibus Plan are as follows (in millions):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Compensation expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax benefit</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock-based compensation expense includes expense attributable to the Company based on the terms of the awards granted under the Omnibus Plan to the Company's employees. Additionally, during </font><font style="font-family:inherit;font-size:10pt;">three and six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, stock-based compensation expense includes an allocation of THC's corporate and shared functional employee expenses of </font><font style="font-family:inherit;font-size:10pt;">$1.4 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$2.0 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, on a pre-tax basis. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, there was </font><font style="font-family:inherit;font-size:10pt;">$21.5 million</font><font style="font-family:inherit;font-size:10pt;"> of total unrecognized compensation cost related to non-vested stock options, RSUs and PSUs granted under the Omnibus Plan. The total unrecognized compensation cost is expected to be recognized over the remaining </font><font style="font-family:inherit;font-size:10pt;">2.2</font><font style="font-family:inherit;font-size:10pt;"> years, on a weighted average basis, of the requisite service period that began on the grant dates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Employee Stock Purchase Plan </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the Spin-Off, Herc Holdings inherited the Hertz Global Holdings, Inc. Employee Stock Purchase Plan (the "ESPP"). At the date of the Spin-Off, the ESPP had been suspended; however, the Company reinstated the ESPP on January 1, 2017, which was amended and restated as the Herc Holdings Inc. Employee Stock Purchase Plan.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The ESPP enables eligible employees to purchase the Company's common stock at a price per share equal to </font><font style="font-family:inherit;font-size:10pt;">85%</font><font style="font-family:inherit;font-size:10pt;"> of the fair market value of a share at the acquisition date. Payment for shares is made through payroll deductions based on a predetermined contribution amount established by the individual employee. During the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company recognized compensation expense of </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, related to the ESPP.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Earnings (Loss) Per Share</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic earnings (loss) per share has been computed based upon the weighted average number of common shares outstanding. Diluted earnings (loss) per share has been computed based upon the weighted average number of common shares outstanding plus the effect of all potentially dilutive common stock equivalents, except when the effect would be anti-dilutive.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the computation of basic and diluted loss per share (in millions, except per share data).</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:54%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic and diluted loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss, basic and diluted</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(27.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(66.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic weighted average common shares</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options, RSUs and PSUs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average shares used to calculate diluted loss per share</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.98</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.28</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.34</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.98</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.28</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.36</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.34</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Antidilutive stock options, RSUs and PSUs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value Measurements</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Assets and Liabilities Measured at Fair Value on a Recurring Basis</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of accounts receivable, accounts payable and accrued liabilities, to the extent the underlying liability will be settled in cash, approximates the carrying values because of the short-term nature of these instruments.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Cash Equivalents</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash equivalents, when held, primarily consist of money market accounts which are classified as Level 1 assets which the Company measures at fair value on a recurring basis. The Company determines the fair value of cash equivalents using a market approach based on quoted prices in active markets. The Company had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> cash equivalents at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> or </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Financial Instruments</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of the Company's financial instruments as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> are shown in </font><font style="font-family:inherit;font-size:10pt;">Note 11</font><font style="font-family:inherit;font-size:10pt;">, "</font><font style="font-family:inherit;font-size:10pt;">Financial Instruments</font><font style="font-family:inherit;font-size:10pt;">." The Company's financial instruments are classified as Level 2 assets and liabilities and are priced using quoted market prices for similar assets or liabilities in active markets.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Debt Obligations</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of debt is estimated based on quoted market rates as well as borrowing rates currently available to the Company for loans with similar terms and average maturities (Level&#160;2 inputs) (in millions). </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">June 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Nominal Unpaid Principal Balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Aggregate Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Nominal Unpaid Principal Balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Aggregate Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Debt</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,179.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,237.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,215.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,275.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income Taxes</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax benefit was </font><font style="font-family:inherit;font-size:10pt;">$22.2 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$37.3 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, for the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended June 30, 2017</font><font style="font-family:inherit;font-size:10pt;"> compared to an income tax expense of </font><font style="font-family:inherit;font-size:10pt;">$5.3 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$5.3 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, for the same periods in 2016. The income tax benefit in 2017 was primarily driven by pre-tax losses, partially offset by non-deductible expenses and valuation allowances recorded on losses generated by foreign loss jurisdictions. The effective tax rate for the full fiscal year 2017 is expected to be approximately </font><font style="font-family:inherit;font-size:10pt;">35%</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the Spin-Off, net operating loss carryforwards were split between the Company and New Hertz pursuant to the Internal Revenue Code and regulations. While not expected to be significant, the split of net operating loss carryforwards may be further adjusted as income tax returns are finalized through 2017.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Intangible Asset Impairment</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has been in the process of developing a new financial system and point of sale system as part of the separation from New Hertz that was initiated prior to the Spin-Off.&#160; During June 2017, the Company made the decision to discontinue developing these new systems based on the inability to provide the anticipated substantive service potential and significantly higher costs than were originally expected to develop the systems. Thus, the Company recorded an impairment charge of </font><font style="font-family:inherit;font-size:10pt;">$26.2 million</font><font style="font-family:inherit;font-size:10pt;"> during the three months ended June 30, 2017.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Background</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Herc Holdings Inc. ("we," "us," "our," "Herc Holdings" or "the Company," or as the context requires, "its") is one of the leading equipment rental suppliers with approximately </font><font style="font-family:inherit;font-size:10pt;">275</font><font style="font-family:inherit;font-size:10pt;"> company-owned locations at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, principally in North America. The Company conducts substantially all of its operations through subsidiaries, including Herc Rentals Inc. ("Herc"). Operations are conducted under the Herc Rentals brand in the United States and under the Hertz Equipment Rental brand in Canada and other international locations. The Company has been in the equipment rental business since </font><font style="font-family:inherit;font-size:10pt;">1965</font><font style="font-family:inherit;font-size:10pt;"> and is a full-line equipment rental supplier in key markets, including commercial and residential construction, industrial and manufacturing, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture, as well as refineries and petrochemicals.&#160;The equipment rental business is supported by ProSolutions</font><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">TM</sup></font><font style="font-family:inherit;font-size:10pt;">, the Company's industry-specific solutions-based services, and its professional grade tools, commercial vehicles, and pump, power and climate control product offerings. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> the Company, in its previous form as the holding company of both the existing equipment rental operations as well as the former vehicle rental operations (in its form prior to the Spin-Off, "Hertz Holdings"), completed a spin-off (the "Spin-Off") of its global vehicle rental business through a dividend to stockholders of all of the issued and outstanding common stock of Hertz Rental Car Holding Company, Inc., which was re-named Hertz Global Holdings, Inc. ("New Hertz") in connection with the Spin-Off. New Hertz is now an independent public company and trades on the New York Stock Exchange under the symbol "HTZ." New Hertz continues to operate its global vehicle rental business through its operating subsidiaries including The Hertz Corporation ("THC"). The Company changed its name to Herc Holdings Inc. on June 30, 2016 and trades on the New York Stock Exchange under the symbol &#8220;HRI.&#8221; Following the Spin-Off, the Company continues to operate its global equipment rental business through its operating subsidiaries, including Herc. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For accounting purposes, due to the relative significance of New Hertz to Hertz Holdings, New Hertz was considered the spinnor or divesting entity in the Spin-Off and Herc Holdings was considered the spinnee or divested entity. As a result, despite the legal form of the transaction, New Hertz was the "accounting successor" to Hertz Holdings. Under the accounting rules, the historical financial information of New Hertz is required to reflect the financial information of Hertz Holdings, as if New Hertz spun off Herc Holdings in the Spin-Off. In contrast, the historical financial information of Herc Holdings for the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> presented in these condensed consolidated financial statements reflects the financial information of the equipment rental business and certain parent legal entities of Herc as historically operated as part of Hertz Holdings, as if Herc Holdings was a stand-alone company for such period. The historical financial information of Herc Holdings presented in these condensed consolidated financial statements is not necessarily indicative of what Herc Holdings&#8217; financial position or results of operations actually would have been had Herc Holdings operated as a separate, independent company for the periods presented.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recently Issued Accounting Pronouncements </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Adopted</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Subsequent Measurement of Inventory </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the Financial Accounting Standards Board ("FASB") issued guidance that requires inventory to be measured at the lower of cost and net realizable value (rather than cost or market), excluding inventory measured using the last-in, first-out method or the retail inventory method. Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Transition to the Equity Method of Accounting</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued guidance that eliminates the requirement to apply the equity method of accounting retrospectively when significant influence over a previously held investment is obtained. Rather, the guidance requires the investor to add the cost of acquiring the additional interest in the investee to the current basis of the investor&#8217;s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method of accounting. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Improvements to Employee Share-Based Payment Accounting </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued guidance that simplifies several areas of employee share-based payment accounting, including: (i) eliminating tracking of tax "windfalls" in a separate pool within additional paid-in capital; instead, excess tax benefits and tax deficiencies are recorded within income tax expense; (ii) eliminating the requirement that excess tax benefits be realized before they can be recognized which is required to be recorded as an adjustment to opening retained earnings; however, the impact to the Company upon adoption was immaterial; (iii) presentation of excess tax benefits as an operating activity on the statement of cash flows, which had no impact on the Company; (iv) presentation of employee taxes paid directly to a taxing authority when directly withholding shares for tax-withholding purposes as a financing activity on the statement of cash flows, which had no impact as the Company has historically followed this presentation and (v) making a policy election regarding treatment of forfeitures, with respect to which the Company will continue to estimate forfeitures. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's consolidated statement of operations. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Not Yet Adopted</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued guidance that will replace most existing revenue recognition guidance in U.S. GAAP. The new guidance applies to all contracts with customers except for leases, insurance contracts, financial instruments, certain nonmonetary exchanges and certain guarantees. The core principle of the guidance is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The new principles-based revenue recognition model requires an entity to perform five steps in its analysis: 1) identify the contract(s) with a customer, 2) identify the performance obligations in the contract, 3) determine the transaction price, 4) allocate the transaction price to the performance obligations in the contract, and 5) recognize revenue when (or as) the entity satisfies a performance obligation. Under the new guidance, performance obligations in a contract will be separately identified, which may impact the timing of recognition of the revenue allocated to each obligation. The measurement of revenue recognized may also be impacted by identification of new performance obligations and other matters, such as collectability and variable consideration. Also, additional disclosures are required about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The new guidance may be adopted on either a full or modified retrospective basis. As originally issued, the guidance was effective for annual reporting periods beginning after December 15, 2016, including interim periods within those reporting periods. However in July 2015, the FASB agreed to defer the effective date until annual and interim reporting periods beginning after December 15, 2017. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued clarifying guidance on assessing whether an entity is a principal or an agent in a revenue transaction, which impacts whether an entity reports revenue on a gross or net basis. In April 2016, the FASB issued guidance that reduces the complexity for identifying performance obligations and clarifies the implementation guidance on licensing for intellectual property. In May 2016, the FASB issued guidance that clarifies the collectability criterion, the presentation of sales taxes and non-cash consideration, and provides additional implementation practical expedients. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company believes the accounting for equipment rental revenue is primarily outside of the scope of the revenue guidance and will be evaluated under the new lease guidance, which is described further under the heading "Leases" below. The Company is in the process of evaluating the guidance with respect to sales of revenue earning equipment, sales of new equipment, parts and supplies and service and other revenues and intends to determine the adoption method and preliminary impact on the Company's financial statements during the third quarter of 2017. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued guidance that replaces the existing lease guidance. The new guidance establishes a right-of-use (&#8220;ROU&#8221;) model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. This guidance also expands the requirements for lessees to record leases embedded in other arrangements and the required quantitative and qualitative disclosures surrounding leases. Accounting guidance for lessors is largely unchanged. This guidance is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods using a modified retrospective transition approach. The Company is in the process of assessing the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued guidance to eliminate the diversity in practice related to the classification of certain cash receipts and payments in the statement of cash flows, by adding or clarifying guidance on eight specific cash flow issues. This guidance is effective for annual and interim reporting periods beginning after December&#160;15, 2017, with early adoption permitted. The Company is in the process of assessing the potential impacts of adopting this guidance on its statement of cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows: Restricted Cash </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued guidance requiring restricted cash and cash equivalents to be included with cash and cash equivalents on the statement cash flows. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. The Company is in the process of assessing the potential impacts of adopting this guidance on its statement of cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory</font><font style="font-family:inherit;font-size:11pt;color:#333333;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In October 2016, the FASB issued guidance requiring an entity to recognize upon transfer the income tax consequences of an intra-entity transfer of an asset other than inventory, eliminating the current recognition exception. Two common examples of assets included in the scope of this standard are intellectual property and property, plant and equipment. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Test for Goodwill Impairment</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued guidance to simplify the&#160;subsequent measurement of goodwill by removing the second step of the two-step impairment test. The guidance requires that an entity recognize an impairment charge for the amount by which the carrying amount of the reporting unit exceeds the reporting unit&#8217;s fair value. This guidance is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2017, the FASB issued guidance on the presentation of net periodic pension and postretirement benefit costs in the income statement and on the components eligible for capitalization. The guidance requires the reporting of the service cost component of the net periodic benefit costs in the same income statement line item as other components of net periodic costs arising from services rendered by an employee during the period, and that non-service-cost components be presented in the income statement separately from the service cost components and outside a subtotal of income from operations. The guidance also allows for the capitalization of the service cost components, when applicable. This guidance is effective for annual and interim periods beginning after December 15, 2017. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation - Stock Compensation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2017, the FASB issued guidance on which changes to the terms or conditions of a share-based payment award requires an entity to apply modification accounting. Under the updated guidance, a modification is defined as a change in the terms or conditions of a share-based payment award, and an entity should account for the effects of a modification unless all of the following are met:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:32px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation techniques that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:32px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:32px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This guidance requires prospective adoption and is effective for annual and interim periods beginning after December 15, 2017, with early adoption permitted. The Company does not expect the guidance to have significant impact on its financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenue Earning Equipment</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue earning equipment consists of the following (in millions):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">June&#160;30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue earning equipment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,782.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,695.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Accumulated depreciation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,333.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,305.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue earning equipment, net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,449.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,390.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the three months ended June 30, 2017, the Company deemed certain revenue earning equipment, with a net book value of approximately </font><font style="font-family:inherit;font-size:10pt;">$3.8 million</font><font style="font-family:inherit;font-size:10pt;">, to be held for sale and reclassified such equipment to "Prepaid and other current assets" in the condensed consolidated balance sheet. The Company performed an impairment assessment of such revenue earning equipment and recorded a charge of </font><font style="font-family:inherit;font-size:10pt;">$3.1 million</font><font style="font-family:inherit;font-size:10pt;"> during the quarter ended June 30, 2017.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Employee Retirement Benefits</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2016, the Company established the Herc Holdings Retirement Plan (the "Plan"). Prior to the Spin-Off, the Company participated in The Hertz Corporation Account Balance Defined Benefit Pension Plan (the "Hertz Plan"). The majority of assets and liabilities attributable to current and former employees of the equipment rental business were transferred from the Hertz Plan to the Plan following the Spin-Off based on a preliminary allocation. The final allocation and transfer was completed in April 2017 and was </font><font style="font-family:inherit;font-size:10pt;">$4.0 million</font><font style="font-family:inherit;font-size:10pt;"> lower than the preliminary allocation, resulting in an increase to the pension liability funded status and a corresponding offset to additional paid-in capital.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the net periodic pension cost (benefit) (in millions): </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Times New Roman;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Components of Net Periodic Pension Cost (Benefit):</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.5</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.5</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net amortizations of actuarial net loss</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net periodic pension cost (benefit)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassification of Prior Period Presentation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported condensed consolidated balance sheets, results of operations, equity or cash flows for any period presented.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from accumulated other comprehensive income (loss) to net income (loss) were as follows (in millions):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="19" rowspan="1"></td></tr><tr><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Pension and other postretirement benefit plans</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Statement of Operations Caption</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of actuarial losses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Selling, general and administrative</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tax benefit</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income tax expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total reclassifications for the period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Related Party Transactions</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transactions between the Company and THC and its affiliates prior to the Spin-Off are herein referred to as "related party" or "affiliated" transactions for the periods presented. Effective with the Spin-Off on </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> all transactions with THC and its affiliates were settled and paid in full. Effective upon the Spin-Off, the Company entered into, among other things, a transition services agreement with New Hertz. See </font><font style="font-family:inherit;font-size:10pt;">Note 15</font><font style="font-family:inherit;font-size:10pt;">, "</font><font style="font-family:inherit;font-size:10pt;">Arrangements with New Hertz</font><font style="font-family:inherit;font-size:10pt;">" for further information. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Loans with Affiliates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior to the Spin-Off, the Company entered into various loan agreements with affiliates as part of a centralized approach to the financing of worldwide operations by THC. The amounts due to and from other affiliates had various interest rates and maturity dates but were generally short-term in nature. Effective with the Spin-Off on </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, any loans with affiliates were settled and paid in full, including any accrued interest.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Intercompany Transactions</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior to the Spin-Off, all significant intercompany payable and receivable balances between the Company and THC were considered to be effectively settled for cash in the consolidated financial statements at the time the transaction was recorded.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Corporate Allocations</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior to the Spin-Off, THC provided services to and funded certain expenses for the Company that were recorded at the THC level. As discussed in </font><font style="font-family:inherit;font-size:10pt;">Note&#160;2</font><font style="font-family:inherit;font-size:10pt;">, "</font><font style="font-family:inherit;font-size:10pt;">Basis of Presentation and Recently Issued Accounting Pronouncements</font><font style="font-family:inherit;font-size:10pt;">," the financial information in these condensed consolidated financial statements includes, in periods prior to June&#160;30, 2016, direct costs of the Company incurred by THC on the Company&#8217;s behalf and an allocation of general corporate expenses of THC which were not historically allocated to the Company for certain support functions that were provided on a centralized basis within THC and not recorded at the business unit level, such as expenses related to finance, human resources, information technology, facilities and legal, among others, and that would have been incurred had the Company been a separate, stand-alone entity.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs incurred and allocated by THC that were included in the condensed consolidated statements of operations are shown in the following table (in millions). As the Spin-Off occurred on </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, no costs were allocated by THC during 2017.</font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Direct operating</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Selling, general and administrative</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total allocated expenses</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Agreements with Carl C. Icahn</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is subject to the Nomination and Standstill Agreement, dated September 15, 2014 (the "Nomination and Standstill Agreement"), with Carl C. Icahn, High River Limited Partnership, Hopper Investments LLC, Barberry Corp., Icahn Partners LP, Icahn Partners Master Fund LP, Icahn Enterprises G.P. Inc., Icahn Enterprises Holdings L.P., IPH GP LLC, Icahn Capital LP, Icahn Onshore LP, Icahn Offshore LP, Beckton Corp., Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi (collectively, the "Original Icahn Group"). In connection with their appointments to the Company&#8217;s board of directors, each of Courtney Mather, Louis J. Pastor and Stephen A. Mongillo (collectively, the "Icahn Designees," and, together with the Original Icahn Group, the "Icahn Group") executed a Joinder Agreement agreeing to become bound as a party to the terms and conditions of the Nomination and Standstill Agreement (such Joinder Agreements, together with the Nomination and Standstill Agreement, are collectively referred to herein as the "Icahn Agreements").</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the Icahn Agreements, the Icahn Designees were appointed to the Company&#8217;s board of directors effective June 30, 2016. Pursuant to the Icahn Agreements, so long as an Icahn Designee is a member of the board of directors, the board of directors will not be expanded to greater than 10 directors without approval from the Icahn Designees then on the board of directors. In addition, pursuant to the Icahn Agreements, subject to certain restrictions and requirements, the Icahn Group will have certain replacement rights in the event an Icahn Designee resigns or is otherwise unable to serve as a director (other than as a result of not being nominated by the Company for an annual meeting).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, until the date that no Icahn Designee is a member of the Board (or otherwise deemed to be on the Board pursuant to the terms of the Icahn Agreements) (the &#8220;Board Representation Period&#8221;), the Icahn Group agrees to vote all of its shares of the Company&#8217;s common stock in favor of the election of all of the Company&#8217;s director nominees at each annual or special meeting of the Company&#8217;s stockholders, and, subject to limited exceptions, the Icahn Group further agrees to (i) adhere to certain standstill obligations, including the obligation to not solicit proxies or consents or influence others with respect to the same, and (ii) not acquire or otherwise beneficially own more than </font><font style="font-family:inherit;font-size:10pt;">20%</font><font style="font-family:inherit;font-size:10pt;"> of the Company&#8217;s outstanding voting securities. Under the Icahn Agreements, if the Icahn Group ceases to hold a &#8220;net long position,&#8221; as defined in the Nomination and Standstill Agreement, in at least </font><font style="font-family:inherit;font-size:10pt;">1,900,000</font><font style="font-family:inherit;font-size:10pt;"> shares of the Company&#8217;s common stock, the Icahn Group will cause one Icahn Designee to resign from the Company&#8217;s board of directors; if the Icahn Group&#8217;s holdings are further reduced to specified levels, additional Icahn Designees are required to resign.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, pursuant to the Icahn Agreements, the Company entered into a registration rights agreement, effective </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> (the "Registration Rights Agreement"), with High River Limited Partnership, Icahn Partners LP and Icahn Partners Master Fund LP, on behalf of any person who is a member of the "Icahn group" (as such term is defined therein) who owns applicable securities at the relevant time and is or has become a party to the Registration Rights Agreement. The Registration Rights Agreement provides for customary demand and piggyback registration rights and obligations.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Arrangements with New Hertz</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the Spin-Off, the Company entered into a separation and distribution agreement (the &#8220;Separation Agreement&#8221;) with New Hertz. In connection therewith, the Company also entered into various other ancillary agreements with New Hertz to effect the Spin-Off and provide a framework for its relationship with New Hertz. The following summarizes some of the most significant agreements and relationships that Herc Holdings will continue to have with New Hertz.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Separation and Distribution Agreement</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Separation Agreement sets forth the Company's agreements with New Hertz regarding the principal actions taken in connection with the Spin-Off. It also sets forth other agreements that govern aspects of the Company's relationship with New Hertz following the Spin-Off regarding (i) the manner in which legal matters and claims are allocated and certain liabilities are shared between the Company and New Hertz; (ii) other matters including transfers of assets and liabilities, treatment or termination of intercompany arrangements and releases of certain claims between the parties and their affiliates; (iii) mutual indemnification clauses; and (iv) allocation of Spin-Off expenses between the parties.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Transition Services Agreement</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company entered into a TSA pursuant to which New Hertz or its affiliates provide specified services to the Company on a transitional basis to help ensure an orderly transition following the Spin-Off. The TSA generally provides for a term of up to </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> years following the Spin-Off, though the recipient of the services may elect to terminate a service at any time upon advance written notice. During the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company incurred expenses of </font><font style="font-family:inherit;font-size:10pt;">$4.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$10.1 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, under the TSA which is included in "Direct operating" and "Selling, general and administrative" expenses in the Company's condensed consolidated statements of operations. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Tax Matters Agreement</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company entered into a tax matters agreement (the &#8220;Tax Matters Agreement&#8221;) with New Hertz that governs the parties' rights, responsibilities and obligations after the Spin-Off with respect to tax liabilities and benefits, tax attributes, tax contests and other tax matters regarding income taxes, other taxes and related tax returns.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Employee Matters Agreement</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company and New Hertz entered into an employee matters agreement to allocate liabilities and responsibilities relating to employment matters, employee compensation, benefit plans and programs and other related matters for current and former employees of the vehicle rental business and the equipment rental business.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Intellectual Property Agreement</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company and New Hertz entered into an intellectual property agreement (the &#8220;Intellectual Property Agreement&#8221;) that provides for ownership, licensing and other arrangements regarding the trademarks and related intellectual property that New Hertz and the Company use in conducting their businesses. The Intellectual Property Agreement allocates ownership between New Hertz and the Company of all trademarks, domain names and certain copyrights that Hertz Holdings or its subsidiaries owned immediately prior to the Spin-Off.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Real Estate Arrangements</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company and New Hertz entered into certain real estate lease agreements pursuant to which the Company leases certain office space from New Hertz and New Hertz leases certain rental facilities space from the Company. Rent payments were negotiated based on comparable fair market rental rates.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The changes in the accumulated other comprehensive income (loss) balance by component (net of tax) for the </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2017</font><font style="font-family:inherit;font-size:10pt;"> are presented in the table below (in millions). </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:49%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Pension and Other Post-Employment Benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Unrealized Losses on Hedging Instruments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Foreign Currency Items</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Accumulated Other Comprehensive Income (Loss)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at December 31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(104.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(118.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other comprehensive income (loss) before reclassification</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.7</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.6</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from accumulated other comprehensive loss</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net current period other comprehensive income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.7</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at June 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(95.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(111.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of debt is estimated based on quoted market rates as well as borrowing rates currently available to the Company for loans with similar terms and average maturities (Level&#160;2 inputs) (in millions). </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">June 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Nominal Unpaid Principal Balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Aggregate Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Nominal Unpaid Principal Balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Aggregate Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Debt</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,179.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,237.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,215.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,275.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the total compensation expense and associated income tax benefits recognized under the Omnibus Plan are as follows (in millions):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Compensation expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax benefit</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's debt consists of the following (in millions):</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted Average Effective Interest Rate at June 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted Average Stated Interest Rate at June 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fixed or Floating Interest Rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Maturity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">June&#160;30, <br clear="none"/>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, <br clear="none"/>2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Senior Secured Second Priority Notes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022 Notes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.88%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.50%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">549.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">610.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2024 Notes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.06%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.75%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">562.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">625.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ABL Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">N/A</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.95%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floating</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,005.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">910.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Capital leases</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.00%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">N/A</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016-2021</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62.1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70.3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other borrowings</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">N/A</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.79%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floating</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unamortized Debt Issuance Costs</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(17.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(21.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total debt</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,161.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,194.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Current maturities of long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15.7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt, net</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,145.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,178.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:inherit;font-size:8pt;">(a)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Unamortized debt issuance costs totaling </font><font style="font-family:inherit;font-size:8pt;">$15.2 million</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">$17.1 million</font><font style="font-family:inherit;font-size:8pt;"> related to the ABL Credit Facility (as defined below) are included in "Other long-term assets" in the condensed consolidated balance sheets as of </font><font style="font-family:inherit;font-size:8pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:8pt;">, respectively.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the gains and losses on derivative instruments for the periods indicated. Gains and losses recognized on foreign&#160;currency&#160;forward&#160;contracts and the effective portion of interest rate swaps are included in the condensed consolidated statements of operations together with the corresponding offsetting gains and losses on the underlying hedged transactions. All gains and losses recognized are included in "Selling, general and administrative" in the condensed consolidated statements of operations (in millions).</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:54%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Gain (Loss) Recognized</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivatives Designated as Cash Flow Hedges</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap - effective portion</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap - ineffective portion</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivatives Not Designated as Hedging Instruments</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign&#160;currency&#160;forward&#160;contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the estimated fair value of the Company's financial instruments (in millions).</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:49%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value of Financial Instruments</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Prepaid &amp; Other Current Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Accrued Liabilities</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">June&#160;30, <br clear="none"/>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, <br clear="none"/>2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">June&#160;30, <br clear="none"/>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, <br clear="none"/>2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivatives Designated as Hedging Instruments</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivatives Not Designated as Hedging Instruments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency forward contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the computation of basic and diluted loss per share (in millions, except per share data).</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:54%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic and diluted loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss, basic and diluted</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(27.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(66.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic weighted average common shares</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options, RSUs and PSUs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average shares used to calculate diluted loss per share</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.98</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.28</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.34</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.98</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.28</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.36</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.34</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Antidilutive stock options, RSUs and PSUs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the outstanding interest rate swap arrangement as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> (dollars in millions):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:37%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Aggregate Notional Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Receive Rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Receive Rate as of June 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Pay Rate</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ABL Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">350.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1 month LIBOR + 1.75%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After outstanding borrowings, the following was available to the Company under the ABL Credit Facility as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> (in millions):</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Remaining</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Capacity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Availability&#160;Under</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Borrowing&#160;Base</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Limitation</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ABL Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">720.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">720.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">he following table sets forth the net periodic pension cost (benefit) (in millions): </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Times New Roman;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Components of Net Periodic Pension Cost (Benefit):</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.5</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.5</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net amortizations of actuarial net loss</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net periodic pension cost (benefit)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue earning equipment consists of the following (in millions):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">June&#160;30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue earning equipment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,782.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,695.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Accumulated depreciation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,333.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,305.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue earning equipment, net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,449.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,390.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs incurred and allocated by THC that were included in the condensed consolidated statements of operations are shown in the following table (in millions). As the Spin-Off occurred on </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, no costs were allocated by THC during 2017.</font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Direct operating</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Selling, general and administrative</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total allocated expenses</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsequent Event</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2017, Herc executed a purchase and sale agreement (&#8220;PSA&#8221;) for a sale-leaseback transaction relating to </font><font style="font-family:inherit;font-size:10pt;">44</font><font style="font-family:inherit;font-size:10pt;"> of its properties located in the U.S. for anticipated gross proceeds of approximately </font><font style="font-family:inherit;font-size:10pt;">$123.5 million</font><font style="font-family:inherit;font-size:10pt;">. The PSA provides for a due diligence period during which the purchaser may exclude properties from the transaction, subject to certain conditions and within specified limits. The lease agreement to be entered into at closing will have an initial term of </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;"> years, subject to extension, at Herc&#8217;s option, for up to </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> additional periods of </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> years each. The transaction is expected to close by the end of the third quarter of 2017, subject to customary closing conditions. The sale of the properties is not expected to qualify for sale-leaseback accounting and the book value of the buildings and land will remain on the Company&#8217;s consolidated balance sheet.</font></div></div> EX-101.SCH 6 hri-20170630.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2109100 - Disclosure - Accumulated Other Comprehensive Income (Loss) link:presentationLink link:calculationLink link:definitionLink 2409402 - Disclosure - Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Details) link:presentationLink link:calculationLink link:definitionLink 2409403 - Disclosure - Accumulated Other Comprehensive Income (Loss) - Reclassification out of AOCI (Details) link:presentationLink link:calculationLink link:definitionLink 2309301 - Disclosure - Accumulated Other Comprehensive Income (Loss) (Tables) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Arrangements With New Hertz link:presentationLink link:calculationLink link:definitionLink 2416401 - Disclosure - Arrangements With New Hertz Arrangements With New Hertz (Details) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Background link:presentationLink link:calculationLink link:definitionLink 2401401 - Disclosure - Background (Details) link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - Basis of Presentation and Recently Issued Accounting Pronouncements link:presentationLink link:calculationLink link:definitionLink 2402402 - Disclosure - Basis of Presentation and Recently Issued Accounting Pronouncements - Correction of Errors (Details) link:presentationLink link:calculationLink link:definitionLink 2202201 - Disclosure - Basis of Presentation and Recently Issued Accounting Pronouncements (Policies) link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 2410401 - Disclosure - Commitments and Contingencies (Details) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 1001501 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1006000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - Debt link:presentationLink link:calculationLink link:definitionLink 2405404 - Disclosure - Debt - ABL Credit Facility & Other Borrowings (Details) link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - Debt - Schedule of Debt (Details) link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - Debt - Schedule of Debt (Details) link:presentationLink link:calculationLink link:definitionLink 2405403 - Disclosure - Debt - Senior Secured Second Priority Notes (Details) link:presentationLink link:calculationLink link:definitionLink 2305301 - Disclosure - Debt (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2114100 - Disclosure - Earnings (Loss) Per Share link:presentationLink link:calculationLink link:definitionLink 2414403 - Disclosure - Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings (Loss) per Share (Details) link:presentationLink link:calculationLink link:definitionLink 2314301 - Disclosure - Earnings (Loss) Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - Employee Retirement Benefits link:presentationLink link:calculationLink link:definitionLink 2406402 - Disclosure - Employee Retirement Benefits - Net Periodic Pension Expense (Details) link:presentationLink link:calculationLink link:definitionLink 2306301 - Disclosure - Employee Retirement Benefits (Tables) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 2413402 - Disclosure - Fair Value Measurements (Details) link:presentationLink link:calculationLink link:definitionLink 2313301 - Disclosure - Fair Value Measurements (Tables) link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - Financial Instruments link:presentationLink link:calculationLink link:definitionLink 2411403 - Disclosure - Financial Instruments - Estimated Fair Value of Financial Instruments (Details) link:presentationLink link:calculationLink link:definitionLink 2411404 - Disclosure - Financial Instruments - Gains (Losses) on Derivative Instruments (Details) link:presentationLink link:calculationLink link:definitionLink 2411402 - Disclosure - Financial Instruments - Summary of Outstanding Interest Rate Swap Agreement (Details) link:presentationLink link:calculationLink link:definitionLink 2311301 - Disclosure - Financial Instruments (Tables) link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2408401 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - Intangible Asset Impairment link:presentationLink link:calculationLink link:definitionLink 2404402 - Disclosure - Intangible Asset Impairment - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2115100 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 2415403 - Disclosure - Related Party Transactions - Agreements with Carl Icahn (Details) link:presentationLink link:calculationLink link:definitionLink 2415402 - Disclosure - Related Party Transactions - Costs Incurred and Allocated (Details) link:presentationLink link:calculationLink link:definitionLink 2315301 - Disclosure - Related Party Transactions (Tables) link:presentationLink link:calculationLink link:definitionLink 2103100 - Disclosure - Revenue Earning Equipment link:presentationLink link:calculationLink link:definitionLink 2403403 - Disclosure - Revenue Earning Equipment - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2403402 - Disclosure - Revenue Earning Equipment - Revenue Earning Equipment Components (Details) link:presentationLink link:calculationLink link:definitionLink 2303301 - Disclosure - Revenue Earning Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - Stock-Based Compensation link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - Stock-Based Compensation - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2407403 - Disclosure - Stock-Based Compensation - Stock-Based Compensation Expense (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - Stock-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 2117100 - Disclosure - Subsequent Event link:presentationLink link:calculationLink link:definitionLink 2417401 - Disclosure - Subsequent Event - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 hri-20170630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 8 hri-20170630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 9 hri-20170630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Equity [Abstract] Accumulated Other Comprehensive Income (Loss) [Table] Accumulated Other Comprehensive Income (Loss) [Table] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Pension and Other Post-Employment Benefits Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] Unrealized Losses on Hedging Instruments Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] Foreign Currency Items Accumulated Foreign Currency Adjustment Attributable to Parent [Member] Accumulated Other Comprehensive Income (Loss) AOCI Attributable to Parent [Member] Accumulated Other Comprehensive Income (Loss) [Line Items] Accumulated Other Comprehensive Income (Loss) [Line Items] AOCI Attributable to Parent, Net of Tax [Roll Forward] AOCI Attributable to Parent, Net of Tax [Roll Forward] Beginning balance Stockholders' Equity Attributable to Parent Other comprehensive income (loss) before reclassification OCI, before Reclassifications, Net of Tax, Attributable to Parent Amounts reclassified from accumulated other comprehensive loss Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent Total other comprehensive income (loss) Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent Ending balance Fair Value Disclosures [Abstract] Fair Value of Debt Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block] Impairment of Intangible Assets (Excluding Goodwill) [Abstract] Intangible Assets Impairment Intangible Assets Disclosure [Text Block] Statement of Cash Flows [Abstract] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract] Net loss Net Income (Loss) Attributable to Parent Adjustments to reconcile net loss to net cash provided by operating activities: Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Depreciation of revenue earning equipment Operating Leases, Income Statement, Depreciation Expense on Property Subject to or Held-for-lease Depreciation of property and equipment Depreciation, Nonproduction Amortization of intangible assets Amortization of Intangible Assets Amortization of deferred financing costs Amortization of Debt Issuance Costs Stock-based compensation charges Share-based Compensation Impairment Asset Impairment Charges Provision for receivables allowance Provision for Doubtful Accounts Deferred taxes Deferred Income Taxes and Tax Credits Loss on sale of revenue earning equipment Gain (Loss) on Sale of Leased Assets, Net, Operating Leases Income from joint ventures Income (Loss) from Equity Method Investments Other Other Operating Activities, Cash Flow Statement Changes in assets and liabilities: Increase (Decrease) in Operating Capital [Abstract] Receivables Increase (Decrease) in Accounts Receivable Inventory, prepaid expenses and other assets Increase (Decrease) in Inventories, Prepaid Expense and Other Assets The net change during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities and the net change during the reporting period in the value of this group of assets within the working capital section. Accounts payable Increase (Decrease) in Accounts Payable Accrued liabilities and other long-term liabilities Increase (Decrease) in Accrued Liabilities Taxes receivable and payable Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable Net cash provided by operating activities Net Cash Provided by (Used in) Operating Activities Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract] Net change in restricted cash and cash equivalents Increase (Decrease) in Restricted Cash and Investments Revenue earning equipment expenditures Payments to Acquire Equipment on Lease Proceeds from disposal of revenue earning equipment Proceeds from the Sale of Equipment on Lease Proceeds from the Sale of Equipment on Lease Non-rental capital expenditures Payments to Acquire Property, Plant, and Equipment Proceeds from disposal of property and equipment Proceeds from Sale of Property, Plant, and Equipment Net cash used in investing activities Net Cash Provided by (Used in) Investing Activities Cash flows from financing activities: Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract] Proceeds from issuance of long-term debt Proceeds from Issuance of Senior Long-term Debt Repayments of long-term debt Repayments of Long-term Debt Proceeds from revolving lines of credit Proceeds from Lines of Credit Repayments on revolving lines of credit Repayments of Lines of Credit Principal payments under capital lease obligations Repayments of Long-term Capital Lease Obligations Proceeds from exercise of stock options and other Proceeds from Stock Options Exercised Net settlement on vesting of equity awards Payments Related to Tax Withholding for Share-based Compensation Proceeds from employee stock purchase plan Proceeds from Stock Plans Net transfers to THC Payments to (Proceeds from) Related Parties Payments to (Proceeds from) Related Parties Net financing activities with affiliates Proceeds from (Payments to) Affiliates, Financing Activities Proceeds from (Payments to) Affiliates, Financing Activities Payment of debt financing costs Payments of Debt Issuance Costs Net cash used in financing activities Net Cash Provided by (Used in) Financing Activities Effect of foreign exchange rate changes on cash and cash equivalents Effect of Exchange Rate on Cash and Cash Equivalents Net increase (decrease) in cash and cash equivalents during the period Cash and Cash Equivalents, Period Increase (Decrease) Cash and cash equivalents at beginning of period Cash and Cash Equivalents, at Carrying Value Cash and cash equivalents at end of period Supplemental disclosures of cash flow information: Supplemental Cash Flow Information [Abstract] Cash paid for interest, net of amounts capitalized Interest Paid, Net Cash paid for income taxes, net of refunds Income Taxes Paid, Net Supplemental disclosure of non-cash investing activity: Supplemental Cash Flow Elements [Abstract] Purchases of revenue earning equipment in accounts payable Purchases of Property Subject to or Available for Operating Lease but not Yet Paid Future cash outflow to pay for purchases of revenue earning equipment that have occurred. Sales of revenue earning equipment in accounts receivable Increase (Decrease) in Accounts Receivable for Property Subject to or Available for Operating Lease Increase (Decrease) in Accounts Receivable for Property Subject to or Available for Operating Lease Non-rental capital expenditures in accounts payable Capital Expenditures Incurred but Not yet Paid Supplemental disclosure of non-cash financing activity: Noncash Investing and Financing Items [Abstract] Debt issuance costs included in accrued liabilities Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction Non-cash settlement of transactions with THC through equity Contribution of Property Supplemental disclosure of non-cash investing and financing activity: Other Noncash Investing and Financing Items [Abstract] Equipment acquired through capital lease Capital Lease Obligations Incurred Schedule of Finite-Lived Intangible Assets [Table] Schedule of Finite-Lived Intangible Assets [Table] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets, Major Class Name [Domain] Computer Software, Intangible Asset Computer Software, Intangible Asset [Member] Finite-Lived Intangible Assets [Line Items] Finite-Lived Intangible Assets [Line Items] Impairment of intangible assets Impairment of Intangible Assets, Finite-lived Compensation and Retirement Disclosure [Abstract] Schedule of Net Periodic Costs Schedule of Net Benefit Costs [Table Text Block] Earnings Per Share [Abstract] Earnings (Loss) Per Share Earnings Per Share [Text Block] Statement of Stockholders' Equity [Abstract] Statement [Table] Statement [Table] Common Stock Common Stock [Member] Additional Paid-In Capital Additional Paid-in Capital [Member] Accumulated Deficit Retained Earnings [Member] Treasury Stock Treasury Stock [Member] Statement [Line Items] Statement [Line Items] Increase (Decrease) in Stockholders' Equity [Roll Forward] Increase (Decrease) in Stockholders' Equity [Roll Forward] Beginning balance (in shares) Shares, Outstanding Other comprehensive income Other Comprehensive Income (Loss), Net of Tax Stock-based compensation charges Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition Employee stock purchase plan Adjustments to Additional Paid in Capital, Share-based Compensation, Employee Stock Purchase Program, Requisite Service Period Recognition Net transfers with THC Stockholders' Equity Note, Spinoff Transaction Ending balance (in shares) Derivative Instruments and Hedging Activities Disclosure [Abstract] Derivative Instruments and Hedging Activities Disclosures [Table] Derivative Instruments and Hedging Activities Disclosures [Table] Derivative Instrument [Axis] Derivative Instrument [Axis] Derivative Contract [Domain] Derivative Contract [Domain] Interest rate swap Interest Rate Swap [Member] Variable Rate [Axis] Variable Rate [Axis] Variable Rate [Domain] Variable Rate [Domain] LIBOR London Interbank Offered Rate (LIBOR) [Member] Hedging Relationship [Axis] Hedging Relationship [Axis] Hedging Relationship [Domain] Hedging Relationship [Domain] Cash Flow Hedge Cash Flow Hedging [Member] Derivative Instruments and Hedging Activities Disclosures [Line Items] Derivative Instruments and Hedging Activities Disclosures [Line Items] Derivative contract term Derivative, Term of Contract Aggregate Notional Amount Derivative, Notional Amount Spread on receive rate Derivative, Basis Spread on Variable Rate Receive Rate as of June 30, 2017 Interest Rate Derivatives, Receive Rate Interest Rate Derivatives, Receive Rate Pay Rate Interest Rate Derivatives, Pay Rate Interest Rate Derivatives, Pay Rate Debt Disclosure [Abstract] Schedule of Long-term Debt Instruments [Table] Schedule of Long-term Debt Instruments [Table] Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] Senior Secured Second Priority Notes Senior Notes [Member] Debt Instrument [Axis] Debt Instrument [Axis] Debt Instrument, Name [Domain] Debt Instrument, Name [Domain] 7.50% Senior Notes, Due 2022 2022 Notes [Member] 2022 Notes [Member] 7.75% Senior Notes, Due 2024 2024 Notes [Member] 2024 Notes [Member] Debt Instrument [Line Items] Debt Instrument [Line Items] Aggregate principal amount Debt Instrument, Face Amount Stated rate Debt Instrument, Interest Rate, Stated Percentage Aggregate principal amount redeemed Debt Instrument, Repurchased Face Amount Loss on early extinguishment on debt Gain (Loss) on Extinguishment of Debt Cash premium Extinguishment on Debt, Cash Premium, Percentage Extinguishment on Debt, Cash Premium, Percentage Early extinguishment of debt cash premium Payments of Debt Extinguishment Costs Non-cash charge for write-off of unamortized deferred financing costs Write off of Deferred Debt Issuance Cost Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value Measurements, Recurring and Nonrecurring [Table] Measurement Basis [Axis] Measurement Basis [Axis] Fair Value Measurement [Domain] Fair Value Measurement [Domain] Portion at Fair Value Measurement [Member] Portion at Fair Value Measurement [Member] Carrying value Reported Value Measurement [Member] Fair Value Estimate of Fair Value Measurement [Member] Measurement Frequency [Axis] Measurement Frequency [Axis] Fair Value, Measurement Frequency [Domain] Fair Value, Measurement Frequency [Domain] Fair Value, Measurements, Recurring Fair Value, Measurements, Recurring [Member] Fair Value, Hierarchy [Axis] Fair Value, Hierarchy [Axis] Fair Value Hierarchy [Domain] Fair Value Hierarchy [Domain] Level 1 Fair Value, Inputs, Level 1 [Member] Level 2 Fair Value, Inputs, Level 2 [Member] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Cash equivalents and investments Cash and Cash Equivalents, Fair Value Disclosure Fair Value of Financial Instruments [Abstract] Financial Instruments, Owned, at Fair Value [Abstract] Debt Debt Instrument, Fair Value Disclosure Debt Debt Disclosure [Text Block] Related Party Transactions [Abstract] Schedule of Related Party Transactions Schedule of Related Party Transactions [Table Text Block] Schedule of Related Party Transactions, by Related Party [Table] Schedule of Related Party Transactions, by Related Party [Table] Related Party [Axis] Related Party [Axis] Related Party [Domain] Related Party [Domain] THC Affiliated Entity [Member] Related Party Transaction [Line Items] Related Party Transaction [Line Items] Direct operating Direct Operating Costs Selling, general and administrative Selling, General and Administrative Expense Total allocated expenses Costs and Expenses Statement of Financial Position [Abstract] ASSETS Assets [Abstract] Cash and cash equivalents Restricted cash and cash equivalents Restricted Cash and Cash Equivalents Receivables, net of allowance of $27.7 and $24.9, respectively Accounts Receivable, Net, Current Taxes receivable Income Taxes Receivable, Current Inventory Inventory, Net Prepaid expenses and other current assets Prepaid Expense and Other Assets, Current Total current assets Assets, Current Revenue earning equipment, net Property Subject to or Available for Operating Lease, Net Property and equipment, net Property, Plant and Equipment, Net Intangible assets, net Intangible Assets, Net (Excluding Goodwill) Goodwill Goodwill Other long-term assets Other Assets, Noncurrent Total assets Assets LIABILITIES AND EQUITY Liabilities and Equity [Abstract] Current maturities of long-term debt Long-term Debt and Capital Lease Obligations, Current Accounts payable Accounts Payable, Current Accrued liabilities Accrued Liabilities, Current Taxes payable Taxes Payable, Current Total current liabilities Liabilities, Current Long-term debt, net Long-term Debt and Capital Lease Obligations Deferred taxes Deferred Income Tax Liabilities, Net Other long-term liabilities Other Liabilities, Noncurrent Total liabilities Liabilities Commitments and contingencies (Note 10) Commitments and Contingencies Equity: Preferred stock, $0.01 par value, 13.3 shares authorized, no shares issued and outstanding Preferred Stock, Value, Issued Common stock, $0.01 par value, 133.3 shares authorized, 31.0 and 31.0 shares issued and 28.3 and 28.3 shares outstanding Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital Accumulated deficit Retained Earnings (Accumulated Deficit) Accumulated other comprehensive loss Accumulated Other Comprehensive Income (Loss), Net of Tax Treasury stock, at cost, 2.7 shares and 2.7 shares Treasury Stock, Value Total equity Total liabilities and equity Liabilities and Equity Accumulated Other Comprehensive Income (Loss) Comprehensive Income (Loss) Note [Text Block] Document And Entity Information [Abstract] -- None. No documentation exists for this element. -- Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Document Type Document Type Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Amendment Flag Amendment Flag Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Organization, Consolidation and Presentation of Financial Statements [Abstract] Basis of Presentation and Recently Issued Accounting Pronouncements Basis of Presentation and Significant Accounting Policies [Text Block] Property Subject to or Available for Operating Lease, Net [Abstract] Components of Revenue Earning Equipment Schedule of Property Subject to or Available for Operating Lease [Table Text Block] Statement of Comprehensive Income [Abstract] Other comprehensive income (loss): Other Comprehensive Income (Loss), Net of Tax [Abstract] Foreign currency translation adjustments Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent Unrealized gains and losses on hedging instruments: Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax [Abstract] Unrealized losses on hedging instruments Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax Income tax benefit related to hedging instruments Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax, Portion Attributable to Parent Pension and postretirement benefit liability adjustments: Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax, Portion Attributable to Parent [Abstract] Amortization of net losses included in net periodic pension cost Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax Pension and postretirement benefit liability adjustments arising during the period Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax Income tax benefit related to defined benefit pension plans Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax, Portion Attributable to Parent Total comprehensive income (loss) Comprehensive Income (Loss), Net of Tax, Attributable to Parent Derivative Instruments, Gain (Loss) [Table] Derivative Instruments, Gain (Loss) [Table] Income Statement Location [Axis] Income Statement Location [Axis] Income Statement Location [Domain] Income Statement Location [Domain] Selling, General and Administrative Expenses Selling, General and Administrative Expenses [Member] Foreign currency forward contracts Foreign Exchange Forward [Member] Derivative Instruments, Gain (Loss) [Line Items] Derivative Instruments, Gain (Loss) [Line Items] Loss on effective portion of cash flow hedge Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness, Net Loss on ineffective portion of cash flow hedge Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net Loss on cash flow hedge Derivative, Gain (Loss) on Derivative, Net Financial Instruments Derivative Instruments and Hedging Activities Disclosure [Text Block] Company owned locations Number of Company Operated Branches Number of Company Operated Branches 2022 Notes 2024 Notes ABL Credit Facility ABL Credit Facility [Member] ABL Credit Facility [Member] Capital leases Capital Lease Agreements [Member] Capital Lease Agreements [Member] Other borrowings Other Borrowings [Member] Other Borrowings [Member] Line of Credit Line of Credit [Member] Capital leases Capital Lease Obligations [Member] Credit Facility [Axis] Credit Facility [Axis] Credit Facility [Domain] Credit Facility [Domain] Senior Secured Revolving Credit Facility Senior Secured Revolving Credit Facility [Member] Senior Secured Revolving Credit Facility [Member] Balance Sheet Location [Axis] Balance Sheet Location [Axis] Balance Sheet Location [Domain] Balance Sheet Location [Domain] Other long-term assets Other Noncurrent Assets [Member] Weighted Average Effective Interest Rate at June 30, 2017 Debt Instrument, Interest Rate, Effective Percentage Weighted Average Stated Interest Rate at June 30, 2017 Debt, Weighted Average Interest Rate Debt, gross Long-term Debt, Gross Unamortized Debt Issuance Costs Debt Issuance Costs, Net Total debt Long-term Debt and Capital Lease Obligations, Including Current Maturities Less: Current maturities of long-term debt Long-term Debt, Current Maturities Unamortized debt issuance costs related to credit facility Debt Issuance Costs, Line of Credit Arrangements, Net Schedule of Error Corrections and Prior Period Adjustment Restatement [Table] Schedule of Error Corrections and Prior Period Adjustment Restatement [Table] Scenario [Axis] Scenario [Axis] Scenario, Unspecified [Domain] Scenario, Unspecified [Domain] Adjustments Restatement Adjustment [Member] Adjustments for Error Corrections [Axis] Adjustments for Error Corrections [Axis] Adjustments for Error Correction [Domain] Adjustments for Error Correction [Domain] Historical Mapping of Entities Related to Spin-Off Historical Mapping of Entities Related to Spin-Off [Member] Historical Mapping of Entities Related to Spin-Off [Member] Error Corrections and Prior Period Adjustments Restatement [Line Items] Error Corrections and Prior Period Adjustments Restatement [Line Items] Selling, general and administrative Net cash provided by investing activities Income Statement [Abstract] Revenues: Revenues [Abstract] Equipment rentals Operating Leases, Income Statement, Lease Revenue Sales of revenue earning equipment Sales Revenue, Revenue Earning Equipment, Net Sales Revenue, Revenue Earning Equipment, Net Sales of new equipment, parts and supplies Sales Revenue, Goods, Net Service and other revenues Sales Revenue, Services, Net Total revenues Revenue, Net Expenses: Costs and Expenses [Abstract] Depreciation of revenue earning equipment Cost of sales of revenue earning equipment Cost of Revenue Earning Equipment Sold Cost of Revenue Earning Equipment Sold Cost of sales of new equipment, parts and supplies Cost of Goods Sold Interest expense, net Interest Income (Expense), Net Other expense (income), net Other Nonoperating Income (Expense) Total expenses Costs and Expenses, Nonoperating Income and Interest Expense Costs and Expenses, Nonoperating Income and Interest Expense Loss before income taxes Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Income tax benefit (provision) Income Tax Expense (Benefit) Net loss Weighted average shares outstanding: Weighted Average Number of Shares Outstanding, Diluted [Abstract] Basic (in shares) Weighted Average Number of Shares Outstanding, Basic Diluted (in shares) Weighted Average Number of Shares Outstanding, Diluted Loss per share: Basic (in USD per share) Earnings Per Share, Basic Diluted (in USD per share) Earnings Per Share, Diluted Related Party Transactions Related Party Transactions Disclosure [Text Block] Schedule of Earnings Per Share, Basic and Diluted Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Commitments and Contingencies Disclosure [Abstract] Loss Contingencies [Table] Loss Contingencies [Table] New Hertz Loss Contingencies [Line Items] Loss Contingencies [Line Items] Portion of shared liabilities Related Party Transaction, Indemnification, Percentage Related Party Transaction, Indemnification, Percentage Accrual for environmental liabilities Accrued Environmental Loss Contingencies, Current Subsequent Events [Abstract] Subsequent Event [Table] Subsequent Event [Table] Subsequent Event Type [Axis] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent Event Subsequent Event [Member] Subsequent Event [Line Items] Subsequent Event [Line Items] Sale leaseback transaction, number of properties Sale Leaseback Transaction, Number of Properties Sale Leaseback Transaction, Number of Properties Sale leaseback transaction, gross proceeds Sale Leaseback Transaction, Gross Proceeds, Financing Activities Sale leaseback transaction, lease term (in years) Sale Leaseback Transaction, Lease Term, Period Sale Leaseback Transaction, Lease Term, Period Sale leaseback transaction, number of additional periods Sale Leaseback Transaction, Renewal Term, Number of Additional Terms Sale Leaseback Transaction, Renewal Term, Number of Additional Terms Sale lleaseback transaction, length of each additional period (in years) Sale Leaseback Transaction, Length Of Each Additional Period Sale Leaseback Transaction, Length Of Each Additional Period Line of Credit Facility [Table] Line of Credit Facility [Table] Revolving Credit Facility Revolving Credit Facility [Member] Letter of Credit Letter of Credit [Member] Line of Credit Facility [Line Items] Line of Credit Facility [Line Items] Maximum borrowing capacity Line of Credit Facility, Maximum Borrowing Capacity Line of credit facility, percentage ratio of interest rate to prevailing base lending rates Line of Credit Facility, Percentage Ratio of Interest Rate to Prevailing Base Lending Rates Line of Credit Facility, Percentage Ratio of Interest Rate to Prevailing Base Lending Rates Fixed charge coverage ratio (not less than) Line of Credit Facility, Covenant Terms, Fixed Charge Coverage Ratio, Minimum Line of Credit Facility, Covenant Terms, Fixed Charge Coverage Ratio, Minimum Maximum payment of dividends (not to exceed) Line of Credit Facility, Covenant Terms, Maximum Payment Allowed for Cash Dividends Line of Credit Facility, Covenant Terms, Maximum Payment Allowed for Cash Dividends Remaining Capacity Line of Credit Facility, Remaining Borrowing Capacity Availability Under Borrowing Base Limitation Line of Credit Facility, Remaining Borrowing Capacity Under Borrowing Base Limitation Line of Credit Facility, Remaining Borrowing Capacity Under Borrowing Base Limitation Letter of credit outstanding Letters of Credit Outstanding, Amount Revenue earning equipment Assets Held-for-sale, Not Part of Disposal Group Impairment of assets held for sale Impairment of Long-Lived Assets to be Disposed of Schedule of Debt Schedule of Debt [Table Text Block] Borrowing Capacity and Availability on Line of Credit Schedule of Line of Credit Facilities [Table Text Block] Restructuring and Related Activities [Abstract] Arrangements With New Hertz Revenue Earning Equipment Operating Leases of Lessor Disclosure [Text Block] Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table] Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table] Plan Name [Axis] Plan Name [Axis] Plan Name [Domain] Plan Name [Domain] Omnibus Plan Omnibus Plan [Member] Omnibus Plan [Member] Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] Compensation expense Allocated Share-based Compensation Expense Income tax benefit Employee Service Share-based Compensation, Tax Benefit from Compensation Expense Total Allocated Share-based Compensation Expense, Net of Tax Prepaid Expenses and Other Assets Prepaid Expenses and Other Current Assets [Member] Accrued Liabilities Accrued Liabilities [Member] Hedging Designation [Axis] Hedging Designation [Axis] Hedging Designation [Domain] Hedging Designation [Domain] Derivatives Designated as Hedging Instruments Designated as Hedging Instrument [Member] Derivatives Not Designated as Hedging Instruments Not Designated as Hedging Instrument [Member] Asset Derivatives Derivative Asset Liability Derivatives Derivative Liability Income Tax Disclosure [Abstract] Income Taxes Income Tax Disclosure [Text Block] Subsequent Event Subsequent Events [Text Block] Commitments and Contingencies Commitments Contingencies and Guarantees [Text Block] Summary of Outstanding Interest Rate Swap Arrangement Schedule of Interest Rate Derivatives [Table Text Block] Estimated Fair Value of Financial Instruments Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] Derivative Instruments, Gain (Loss) Derivative Instruments, Gain (Loss) [Table Text Block] Revenue earning equipment Property Subject to or Available for Operating Lease, Gross Less: Accumulated depreciation Property Subject to or Available for Operating Lease, Accumulated Depreciation Revenue earning equipment, net Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Award Type [Axis] Award Type [Axis] Equity Award [Domain] Equity Award [Domain] RSUs Restricted Stock Units (RSUs) [Member] PSUs Performance Shares [Member] Employee Stock Option Employee Stock [Member] Vesting [Axis] Vesting [Axis] Vesting [Domain] Vesting [Domain] Tranche one Share-based Compensation Award, Tranche One [Member] Tranche two Share-based Compensation Award, Tranche Two [Member] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Grants (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Weighted average grant date fair value (in USD per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Vested (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Vested percentage Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Vesting period Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period Allocated stock-based compensation expense Unrecognized compensation cost Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized Compensation cost not yet recognized, period for recognition Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition Purchase price as a percentage of fair market value Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Antidilutive Securities [Axis] Antidilutive Securities [Axis] Antidilutive Securities, Name [Domain] Antidilutive Securities, Name [Domain] Antidilutive stock options, RSUs and PSUs Stock Compensation Plan [Member] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Numerator: Net Income (Loss) Available to Common Stockholders, Diluted [Abstract] Net loss, basic and diluted Net Income (Loss) Available to Common Stockholders, Diluted Denominator: Weighted Average Number of Shares Outstanding Reconciliation [Abstract] Basic weighted average common shares (in shares) Stock options, RSUs and PSUs (in shares) Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements Weighted average shares used to calculate diluted earnings per share (in shares) Loss per share: Earnings Per Share, Basic and Diluted [Abstract] Antidilutive stock options, RSUs and PSUs (in shares) Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Basis of Presentation Basis of Accounting, Policy [Policy Text Block] Principles of Consolidation Consolidation, Policy [Policy Text Block] Reclassification of Prior Period Presentation Reclassification, Policy [Policy Text Block] Recently Issued Accounting Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Income Tax Contingency [Table] Income Tax Contingency [Table] Forecast Scenario, Forecast [Member] Income Tax Contingency [Line Items] Income Tax Contingency [Line Items] Income tax expense (benefit) Effective income tax rate reconciliation, percent Effective Income Tax Rate Reconciliation, Percent Employee Retirement Benefits Pension and Other Postretirement Benefits Disclosure [Text Block] Components of Stock-Based Compensation Expense Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block] Related Party Transaction [Axis] Related Party Transaction [Axis] Related Party Transaction [Domain] Related Party Transaction [Domain] Transition Services Agreement Transition Services Agreement [Member] Transition Services Agreement [Member] Transition Services Agreement period (up to) Related Party Transaction, Period Related Party Transaction, Period Incurred expenses Costs and Expenses, Related Party Schedule of Defined Benefit Plans Disclosures [Table] Schedule of Defined Benefit Plans Disclosures [Table] Defined Benefit Plans and Other Postretirement Benefit Plans [Axis] Defined Benefit Plans and Other Postretirement Benefit Plans [Axis] Defined Benefit Plan and Other Postretirement Benefit Plan [Domain] Defined Benefit Plan and Other Postretirement Benefit Plan [Domain] Pension Benefits - U.S. United States Pension Plan of US Entity [Member] Defined Benefit Plan Disclosure [Line Items] Defined Benefit Plan Disclosure [Line Items] Transfer of assets Defined Benefit Plan, Business Combinations and Acquisitions, Plan Assets Interest cost Defined Benefit Plan, Interest Cost Expected return on plan assets Defined Benefit Plan, Expected Return on Plan Assets Net amortizations of actuarial net loss Defined Benefit Plan, Amortization of Gains (Losses) Net periodic pension cost (benefit) Defined Benefit Plan, Net Periodic Benefit Cost Background Nature of Operations [Text Block] Schedule of Accumulated Other Comprehensive Income (Loss) Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] Reclassification out of Accumulated Other Comprehensive Income Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] Nomination and Standstill Agreement Nomination and Standstill Agreement [Member] Nomination and Standstill Agreement [Member] Icahn Group Director [Member] Ownership percentage limit (more than) Related Party Transaction, Ownership Percentage Limitation Related Party Transaction, Ownership Percentage Limitation Net long position shares held, tranche one (at least) (in shares) Related Party Transactions, Minimum Shares Held, Tranche 1 Related Party Transactions, Minimum Shares Held, Tranche 1 Reclassification out of Accumulated Other Comprehensive Income [Table] Reclassification out of Accumulated Other Comprehensive Income [Table] Amortization of actuarial (gain) losses Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] Selling, general and administrative Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax Tax benefit Reclassification from AOCI, Current Period, Tax Total reclassifications for the period Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax Stock-Based Compensation Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Receivables, allowance for doubtful accounts Allowance for Doubtful Accounts Receivable, Current Preferred Stock, par value (in USD per share) Preferred Stock, Par or Stated Value Per Share Preferred Stock, shares authorized (in shares) Preferred Stock, Shares Authorized Preferred Stock, shares issued (in shares) Preferred Stock, Shares Issued Preferred Stock, shares outstanding (in shares) Preferred Stock, Shares Outstanding Common Stock, par value (in USD per share) Common Stock, Par or Stated Value Per Share Common Stock, shares authorized (in shares) Common Stock, Shares Authorized Common Stock, shares issued (in shares) Common Stock, Shares, Issued Common Stock, shares outstanding (in shares) Common Stock, Shares, Outstanding Treasury Stock, shares (in shares) Treasury Stock, Shares Fair Value Measurements Fair Value Disclosures [Text Block] EX-101.PRE 10 hri-20170630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 11 R1.htm IDEA: XBRL DOCUMENT v3.7.0.1
Document and Entity Information - shares
 6 Months Ended
Jun. 30, 2017
Aug. 04, 2017
Document And Entity Information [Abstract]    
Entity Registrant Name HERC HOLDINGS INC.  
Entity Central Index Key 0001364479  
Current Fiscal Year End Date --12-31  
Entity Filer Category Large Accelerated Filer  
Document Type 10-Q  
Document Period End Date Jun. 30, 2017  
Document Fiscal Year Focus 2017  
Document Fiscal Period Focus Q2  
Amendment Flag false  
Entity Common Stock, Shares Outstanding   28,346,385
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 12.0 $ 24.0
Restricted cash and cash equivalents 10.3 7.0
Receivables, net of allowance of $27.7 and $24.9, respectively 309.0 293.3
Taxes receivable 10.9 7.4
Inventory 25.9 24.1
Prepaid expenses and other current assets 17.1 15.9
Total current assets 385.2 371.7
Revenue earning equipment, net 2,449.0 2,390.0
Property and equipment, net 281.3 272.0
Intangible assets, net 283.6 303.9
Goodwill 91.0 91.0
Other long-term assets 35.0 34.7
Total assets 3,525.1 3,463.3
LIABILITIES AND EQUITY    
Current maturities of long-term debt 16.0 15.7
Accounts payable 314.8 139.0
Accrued liabilities 79.6 78.2
Taxes payable 14.5 10.0
Total current liabilities 424.9 242.9
Long-term debt, net 2,145.4 2,178.6
Deferred taxes 657.2 692.1
Other long-term liabilities 38.8 32.0
Total liabilities 3,266.3 3,145.6
Commitments and contingencies (Note 10)
Equity:    
Preferred stock, $0.01 par value, 13.3 shares authorized, no shares issued and outstanding 0.0 0.0
Common stock, $0.01 par value, 133.3 shares authorized, 31.0 and 31.0 shares issued and 28.3 and 28.3 shares outstanding 0.3 0.3
Additional paid-in capital 1,754.1 1,753.3
Accumulated deficit (692.0) (625.2)
Accumulated other comprehensive loss (111.6) (118.7)
Treasury stock, at cost, 2.7 shares and 2.7 shares (692.0) (692.0)
Total equity 258.8 317.7
Total liabilities and equity $ 3,525.1 $ 3,463.3
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Statement of Financial Position [Abstract]    
Receivables, allowance for doubtful accounts $ 27.7 $ 24.9
Preferred Stock, par value (in USD per share) $ 0.01 $ 0.01
Preferred Stock, shares authorized (in shares) 13,300,000 13,300,000
Preferred Stock, shares issued (in shares) 0 0
Preferred Stock, shares outstanding (in shares) 0 0
Common Stock, par value (in USD per share) $ 0.01 $ 0.01
Common Stock, shares authorized (in shares) 133,300,000 133,300,000
Common Stock, shares issued (in shares) 31,000,000 31,000,000
Common Stock, shares outstanding (in shares) 28,300,000 28,300,000
Treasury Stock, shares (in shares) 2,700,000 2,700,000
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Equipment rentals $ 350.8 $ 327.9 $ 671.4 $ 635.7
Sales of revenue earning equipment 46.4 31.6 100.8 69.1
Sales of new equipment, parts and supplies 14.9 17.9 26.4 35.2
Service and other revenues 3.7 3.0 6.6 6.0
Total revenues 415.8 380.4 805.2 746.0
Expenses:        
Direct operating 168.9 159.2 338.0 317.9
Depreciation of revenue earning equipment 94.3 84.2 187.2 166.0
Cost of sales of revenue earning equipment 51.4 38.7 106.3 84.1
Cost of sales of new equipment, parts and supplies 11.1 14.0 19.5 27.1
Selling, general and administrative 78.8 74.2 160.0 136.7
Impairment 29.3 0.0 29.3 0.0
Interest expense, net 31.6 13.3 69.4 19.8
Other expense (income), net 0.2 (0.5) (0.4) (1.4)
Total expenses 465.6 383.1 909.3 750.2
Loss before income taxes (49.8) (2.7) (104.1) (4.2)
Income tax benefit (provision) 22.2 (5.3) 37.3 (5.3)
Net loss $ (27.6) $ (8.0) $ (66.8) $ (9.5)
Weighted average shares outstanding:        
Basic (in shares) 28.3 28.3 28.3 28.3
Diluted (in shares) 28.3 28.3 28.3 28.3
Loss per share:        
Basic (in USD per share) $ (0.98) $ (0.28) $ (2.36) $ (0.34)
Diluted (in USD per share) $ (0.98) $ (0.28) $ (2.36) $ (0.34)
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Statement of Comprehensive Income [Abstract]        
Net loss $ (27.6) $ (8.0) $ (66.8) $ (9.5)
Other comprehensive income (loss):        
Foreign currency translation adjustments 7.0 1.7 8.7 23.9
Unrealized gains and losses on hedging instruments:        
Unrealized losses on hedging instruments (0.5) 0.0 (0.9) 0.0
Income tax benefit related to hedging instruments 0.2 0.0 0.4 0.0
Pension and postretirement benefit liability adjustments:        
Amortization of net losses included in net periodic pension cost 0.5 0.4 0.9 0.9
Pension and postretirement benefit liability adjustments arising during the period (2.7) (7.6) (2.7) (7.8)
Income tax benefit related to defined benefit pension plans 0.9 2.7 0.7 2.6
Total other comprehensive income (loss) 5.4 (2.8) 7.1 19.6
Total comprehensive income (loss) $ (22.2) $ (10.8) $ (59.7) $ 10.1
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited) - 6 months ended Jun. 30, 2017 - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2016   28.3        
Beginning balance at Dec. 31, 2016 $ 317.7 $ 0.3 $ 1,753.3 $ (625.2) $ (118.7) $ (692.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (66.8)     (66.8)    
Other comprehensive income 7.1       7.1  
Stock-based compensation charges 4.5   4.5      
Employee stock purchase plan 0.3   0.3      
Net transfers with THC (4.0)   (4.0)      
Ending balance at Jun. 30, 2017 $ 258.8 $ 0.3 $ 1,754.1 $ (692.0) $ (111.6) $ (692.0)
Ending balance (in shares) at Jun. 30, 2017   28.3        
XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (66.8) $ (9.5)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation of revenue earning equipment 187.2 166.0
Depreciation of property and equipment 22.1 18.6
Amortization of intangible assets 2.2 2.5
Amortization of deferred financing costs 3.2 2.4
Stock-based compensation charges 4.5 2.7
Impairment 29.3 0.0
Provision for receivables allowance 21.9 24.4
Deferred taxes (37.3) 5.3
Loss on sale of revenue earning equipment 5.5 15.0
Income from joint ventures (0.7) (1.4)
Other 0.7 3.5
Changes in assets and liabilities:    
Receivables (31.7) (16.4)
Inventory, prepaid expenses and other assets (2.3) (7.6)
Accounts payable (15.6) (13.2)
Accrued liabilities and other long-term liabilities (3.3) 20.0
Taxes receivable and payable 3.7 (4.2)
Net cash provided by operating activities 122.6 208.1
Cash flows from investing activities:    
Net change in restricted cash and cash equivalents (3.3) 5.6
Revenue earning equipment expenditures (160.8) (142.5)
Proceeds from disposal of revenue earning equipment 88.6 74.2
Non-rental capital expenditures (26.0) (13.4)
Proceeds from disposal of property and equipment 1.7 2.8
Net cash used in investing activities (99.8) (73.3)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 0.0 1,235.0
Repayments of long-term debt (123.5) 0.0
Proceeds from revolving lines of credit 279.4 1,619.0
Repayments on revolving lines of credit (183.7) (780.0)
Principal payments under capital lease obligations (7.8) (5.1)
Proceeds from exercise of stock options and other 0.0 10.0
Net settlement on vesting of equity awards 0.0 (0.5)
Proceeds from employee stock purchase plan 0.3 0.0
Net transfers to THC 0.0 (2,074.8)
Net financing activities with affiliates 0.0 (67.4)
Payment of debt financing costs 0.0 41.1
Net cash used in financing activities (35.3) (104.9)
Effect of foreign exchange rate changes on cash and cash equivalents 0.5 0.5
Net increase (decrease) in cash and cash equivalents during the period (12.0) 30.4
Cash and cash equivalents at beginning of period 24.0 24.7
Cash and cash equivalents at end of period 12.0 55.1
Supplemental disclosures of cash flow information:    
Cash paid for interest, net of amounts capitalized 64.9 12.8
Cash paid for income taxes, net of refunds 1.8 4.6
Supplemental disclosure of non-cash investing activity:    
Purchases of revenue earning equipment in accounts payable 176.9 163.0
Sales of revenue earning equipment in accounts receivable 4.4 0.0
Non-rental capital expenditures in accounts payable 13.2 7.8
Supplemental disclosure of non-cash financing activity:    
Debt issuance costs included in accrued liabilities 0.0 0.5
Non-cash settlement of transactions with THC through equity 4.0 97.9
Supplemental disclosure of non-cash investing and financing activity:    
Equipment acquired through capital lease $ 0.2 $ 20.3
XML 18 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Background
 6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Background
Background

Herc Holdings Inc. ("we," "us," "our," "Herc Holdings" or "the Company," or as the context requires, "its") is one of the leading equipment rental suppliers with approximately 275 company-owned locations at June 30, 2017, principally in North America. The Company conducts substantially all of its operations through subsidiaries, including Herc Rentals Inc. ("Herc"). Operations are conducted under the Herc Rentals brand in the United States and under the Hertz Equipment Rental brand in Canada and other international locations. The Company has been in the equipment rental business since 1965 and is a full-line equipment rental supplier in key markets, including commercial and residential construction, industrial and manufacturing, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture, as well as refineries and petrochemicals. The equipment rental business is supported by ProSolutionsTM, the Company's industry-specific solutions-based services, and its professional grade tools, commercial vehicles, and pump, power and climate control product offerings.

On June 30, 2016 the Company, in its previous form as the holding company of both the existing equipment rental operations as well as the former vehicle rental operations (in its form prior to the Spin-Off, "Hertz Holdings"), completed a spin-off (the "Spin-Off") of its global vehicle rental business through a dividend to stockholders of all of the issued and outstanding common stock of Hertz Rental Car Holding Company, Inc., which was re-named Hertz Global Holdings, Inc. ("New Hertz") in connection with the Spin-Off. New Hertz is now an independent public company and trades on the New York Stock Exchange under the symbol "HTZ." New Hertz continues to operate its global vehicle rental business through its operating subsidiaries including The Hertz Corporation ("THC"). The Company changed its name to Herc Holdings Inc. on June 30, 2016 and trades on the New York Stock Exchange under the symbol “HRI.” Following the Spin-Off, the Company continues to operate its global equipment rental business through its operating subsidiaries, including Herc.

For accounting purposes, due to the relative significance of New Hertz to Hertz Holdings, New Hertz was considered the spinnor or divesting entity in the Spin-Off and Herc Holdings was considered the spinnee or divested entity. As a result, despite the legal form of the transaction, New Hertz was the "accounting successor" to Hertz Holdings. Under the accounting rules, the historical financial information of New Hertz is required to reflect the financial information of Hertz Holdings, as if New Hertz spun off Herc Holdings in the Spin-Off. In contrast, the historical financial information of Herc Holdings for the three and six months ended June 30, 2016 presented in these condensed consolidated financial statements reflects the financial information of the equipment rental business and certain parent legal entities of Herc as historically operated as part of Hertz Holdings, as if Herc Holdings was a stand-alone company for such period. The historical financial information of Herc Holdings presented in these condensed consolidated financial statements is not necessarily indicative of what Herc Holdings’ financial position or results of operations actually would have been had Herc Holdings operated as a separate, independent company for the periods presented.
XML 19 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Basis of Presentation and Recently Issued Accounting Pronouncements
 6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation and Recently Issued Accounting Pronouncements
Basis of Presentation and Recently Issued Accounting Pronouncements

Basis of Presentation

The Company prepares its condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). In the opinion of management, the condensed consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and footnotes. Actual results could differ materially from those estimates.

Significant estimates inherent in the preparation of the condensed consolidated financial statements include depreciation of revenue earning equipment, pension and postretirement benefits, the recoverability of long-lived assets, useful lives and impairment of long-lived tangible and intangible assets including goodwill and trade name, accounting for income taxes, valuation of stock-based compensation, reserves for litigation and other contingencies, allowances for receivables and, prior to the Spin-Off, allocated general corporate expenses from THC, among others.

The financial statements for the three and six months ended June 30, 2016 included in this Quarterly Report on Form 10-Q (this "Report") represent the carve-out financial results.

Principles of Consolidation

The condensed consolidated financial statements include the accounts of Herc Holdings and its wholly owned subsidiaries. In the event that the Company is a primary beneficiary of a variable interest entity, the assets, liabilities and results of operations of the variable interest entity are included in the Company's condensed consolidated financial statements. The Company accounts for its investments in joint ventures using the equity method when it has significant influence but not control and is not the primary beneficiary. All significant intercompany transactions have been eliminated in consolidation.

Transactions between the Company and THC and its affiliates prior to the Spin-Off are herein referred to as “related party” or “affiliated” transactions for the 2016 periods presented. Effective with the Spin-Off on June 30, 2016, all transactions with THC and its affiliates were settled and paid in full. Effective upon the Spin-Off, the Company entered into certain agreements with New Hertz, including a transition service agreement ("TSA"). See Note 15, "Arrangements with New Hertz" for further information.

For periods prior to the Spin-Off, the condensed consolidated financial statements include net interest expense on loans receivable and payable to affiliates and expense allocations for certain corporate functions historically performed by THC, including, but not limited to, general corporate expenses related to finance, legal, information technology, human resources, communications, employee benefits and incentives, insurance and stock-based compensation. These expenses were allocated to the Company on the basis of direct usage when identifiable, with the remainder allocated on the basis of revenues, operating expenses, headcount or other relevant measures. Management believes the assumptions underlying the condensed consolidated financial statements, including the assumptions regarding the allocation of corporate expenses from THC, are reasonable. Nevertheless, the condensed consolidated financial statements may not include all of the expenses that would have been incurred had the Company been a stand-alone company during the periods presented and may not reflect the Company's condensed consolidated financial position, results of operations and cash flows had the Company been a stand-alone company during the periods presented. Actual costs that would have been incurred if the Company had been a stand-alone company would have depended on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. For additional information related to costs allocated to the Company by THC, see Note 14, "Related Party Transactions."

Reclassification of Prior Period Presentation

Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported condensed consolidated balance sheets, results of operations, equity or cash flows for any period presented.

Correction of Errors

The Company has revised its condensed consolidated statement of operations for the three and six months ended June 30, 2016 to correct the recording of $1.8 million and $3.0 million, respectively, of expense from direct operating expense into selling, general and administrative expense, which did not impact net income. The correction resulted from incorrect mapping of certain expense accounts to the financial statement line items.

During the first quarter of 2017, the Company identified an error related to its classification of certain restricted cash. Accordingly, the Company has revised its consolidated balance sheet as of December 31, 2016 to correct the classification of $12.4 million from restricted cash to cash and cash equivalents as the cash was determined to be available for use in general operations. This correction also impacted the condensed consolidated statements of cash flows for the six months ended June 30, 2016 by reducing cash used in investing activities by $3.5 million and increasing cash and cash equivalents at the beginning and end of the period by $9.0 million and $12.5 million, respectively. The Company will also correct its previously reported financial statements in its future filings. The Company assessed the materiality of the error from qualitative and quantitative perspectives and concluded the adjustments were not material to its previously issued annual and interim financial statements. There was no impact of this error to the condensed consolidated statement of operations, condensed consolidated statements of other comprehensive income (loss) or condensed consolidated statement of equity presented in this Report or for any period.

Recently Issued Accounting Pronouncements

Adopted

Simplifying the Subsequent Measurement of Inventory

In July 2015, the Financial Accounting Standards Board ("FASB") issued guidance that requires inventory to be measured at the lower of cost and net realizable value (rather than cost or market), excluding inventory measured using the last-in, first-out method or the retail inventory method. Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's financial position, results of operations or cash flows.

Simplifying the Transition to the Equity Method of Accounting

In March 2016, the FASB issued guidance that eliminates the requirement to apply the equity method of accounting retrospectively when significant influence over a previously held investment is obtained. Rather, the guidance requires the investor to add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method of accounting. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's financial position, results of operations or cash flows.

Improvements to Employee Share-Based Payment Accounting

In March 2016, the FASB issued guidance that simplifies several areas of employee share-based payment accounting, including: (i) eliminating tracking of tax "windfalls" in a separate pool within additional paid-in capital; instead, excess tax benefits and tax deficiencies are recorded within income tax expense; (ii) eliminating the requirement that excess tax benefits be realized before they can be recognized which is required to be recorded as an adjustment to opening retained earnings; however, the impact to the Company upon adoption was immaterial; (iii) presentation of excess tax benefits as an operating activity on the statement of cash flows, which had no impact on the Company; (iv) presentation of employee taxes paid directly to a taxing authority when directly withholding shares for tax-withholding purposes as a financing activity on the statement of cash flows, which had no impact as the Company has historically followed this presentation and (v) making a policy election regarding treatment of forfeitures, with respect to which the Company will continue to estimate forfeitures. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's consolidated statement of operations.

Not Yet Adopted

Revenue from Contracts with Customers

In May 2014, the FASB issued guidance that will replace most existing revenue recognition guidance in U.S. GAAP. The new guidance applies to all contracts with customers except for leases, insurance contracts, financial instruments, certain nonmonetary exchanges and certain guarantees. The core principle of the guidance is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The new principles-based revenue recognition model requires an entity to perform five steps in its analysis: 1) identify the contract(s) with a customer, 2) identify the performance obligations in the contract, 3) determine the transaction price, 4) allocate the transaction price to the performance obligations in the contract, and 5) recognize revenue when (or as) the entity satisfies a performance obligation. Under the new guidance, performance obligations in a contract will be separately identified, which may impact the timing of recognition of the revenue allocated to each obligation. The measurement of revenue recognized may also be impacted by identification of new performance obligations and other matters, such as collectability and variable consideration. Also, additional disclosures are required about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The new guidance may be adopted on either a full or modified retrospective basis. As originally issued, the guidance was effective for annual reporting periods beginning after December 15, 2016, including interim periods within those reporting periods. However in July 2015, the FASB agreed to defer the effective date until annual and interim reporting periods beginning after December 15, 2017.

In March 2016, the FASB issued clarifying guidance on assessing whether an entity is a principal or an agent in a revenue transaction, which impacts whether an entity reports revenue on a gross or net basis. In April 2016, the FASB issued guidance that reduces the complexity for identifying performance obligations and clarifies the implementation guidance on licensing for intellectual property. In May 2016, the FASB issued guidance that clarifies the collectability criterion, the presentation of sales taxes and non-cash consideration, and provides additional implementation practical expedients.

The Company believes the accounting for equipment rental revenue is primarily outside of the scope of the revenue guidance and will be evaluated under the new lease guidance, which is described further under the heading "Leases" below. The Company is in the process of evaluating the guidance with respect to sales of revenue earning equipment, sales of new equipment, parts and supplies and service and other revenues and intends to determine the adoption method and preliminary impact on the Company's financial statements during the third quarter of 2017.

Leases

In February 2016, the FASB issued guidance that replaces the existing lease guidance. The new guidance establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. This guidance also expands the requirements for lessees to record leases embedded in other arrangements and the required quantitative and qualitative disclosures surrounding leases. Accounting guidance for lessors is largely unchanged. This guidance is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods using a modified retrospective transition approach. The Company is in the process of assessing the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments

In August 2016, the FASB issued guidance to eliminate the diversity in practice related to the classification of certain cash receipts and payments in the statement of cash flows, by adding or clarifying guidance on eight specific cash flow issues. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. The Company is in the process of assessing the potential impacts of adopting this guidance on its statement of cash flows.

Statement of Cash Flows: Restricted Cash

In November 2016, the FASB issued guidance requiring restricted cash and cash equivalents to be included with cash and cash equivalents on the statement cash flows. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. The Company is in the process of assessing the potential impacts of adopting this guidance on its statement of cash flows.

Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory

In October 2016, the FASB issued guidance requiring an entity to recognize upon transfer the income tax consequences of an intra-entity transfer of an asset other than inventory, eliminating the current recognition exception. Two common examples of assets included in the scope of this standard are intellectual property and property, plant and equipment. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Simplifying the Test for Goodwill Impairment

In January 2017, the FASB issued guidance to simplify the subsequent measurement of goodwill by removing the second step of the two-step impairment test. The guidance requires that an entity recognize an impairment charge for the amount by which the carrying amount of the reporting unit exceeds the reporting unit’s fair value. This guidance is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs

In March 2017, the FASB issued guidance on the presentation of net periodic pension and postretirement benefit costs in the income statement and on the components eligible for capitalization. The guidance requires the reporting of the service cost component of the net periodic benefit costs in the same income statement line item as other components of net periodic costs arising from services rendered by an employee during the period, and that non-service-cost components be presented in the income statement separately from the service cost components and outside a subtotal of income from operations. The guidance also allows for the capitalization of the service cost components, when applicable. This guidance is effective for annual and interim periods beginning after December 15, 2017. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Compensation - Stock Compensation
In May 2017, the FASB issued guidance on which changes to the terms or conditions of a share-based payment award requires an entity to apply modification accounting. Under the updated guidance, a modification is defined as a change in the terms or conditions of a share-based payment award, and an entity should account for the effects of a modification unless all of the following are met:

1.
The fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation techniques that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification.
2.
The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified.
3.
The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified.

This guidance requires prospective adoption and is effective for annual and interim periods beginning after December 15, 2017, with early adoption permitted. The Company does not expect the guidance to have significant impact on its financial position, results of operations or cash flows.
XML 20 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
Revenue Earning Equipment
 6 Months Ended
Jun. 30, 2017
Property Subject to or Available for Operating Lease, Net [Abstract]  
Revenue Earning Equipment
Revenue Earning Equipment
Revenue earning equipment consists of the following (in millions):
 
June 30, 2017
 
December 31, 2016
Revenue earning equipment
$
3,782.2

 
$
3,695.5

Less: Accumulated depreciation
(1,333.2
)
 
(1,305.5
)
Revenue earning equipment, net
$
2,449.0

 
$
2,390.0



During the three months ended June 30, 2017, the Company deemed certain revenue earning equipment, with a net book value of approximately $3.8 million, to be held for sale and reclassified such equipment to "Prepaid and other current assets" in the condensed consolidated balance sheet. The Company performed an impairment assessment of such revenue earning equipment and recorded a charge of $3.1 million during the quarter ended June 30, 2017.
XML 21 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
Intangible Asset Impairment
 6 Months Ended
Jun. 30, 2017
Impairment of Intangible Assets (Excluding Goodwill) [Abstract]  
Intangible Assets Impairment
Intangible Asset Impairment

The Company has been in the process of developing a new financial system and point of sale system as part of the separation from New Hertz that was initiated prior to the Spin-Off.  During June 2017, the Company made the decision to discontinue developing these new systems based on the inability to provide the anticipated substantive service potential and significantly higher costs than were originally expected to develop the systems. Thus, the Company recorded an impairment charge of $26.2 million during the three months ended June 30, 2017.
XML 22 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
Debt
 6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Debt
Debt

The Company's debt consists of the following (in millions):
 
 
Weighted Average Effective Interest Rate at June 30, 2017
 
Weighted Average Stated Interest Rate at June 30, 2017
 
Fixed or Floating Interest Rate
 
Maturity
 
June 30,
2017
 
December 31,
2016
Senior Secured Second Priority Notes
 
 
 
 
 
 
 
 
 
 
 
 
2022 Notes
 
7.88%
 
7.50%
 
Fixed
 
2022
 
$
549.0

 
$
610.0

2024 Notes
 
8.06%
 
7.75%
 
Fixed
 
2024
 
562.5

 
625.0

Other Debt
 
 
 
 
 
 
 
 
 
 
 
 
ABL Credit Facility
 
N/A
 
2.95%
 
Floating
 
2021
 
1,005.0

 
910.0

Capital leases
 
4.00%
 
N/A
 
Fixed
 
2016-2021
 
62.1

 
70.3

Other borrowings
 
N/A
 
4.79%
 
Floating
 
2018
 
0.5

 
—

Unamortized Debt Issuance Costs(a)
 
 
 
 
 
 
 
 
 
(17.7
)
 
(21.0
)
Total debt
 
 
 
 
 
 
 
 
 
2,161.4

 
2,194.3

Less: Current maturities of long-term debt
 
 
 
 
 
 
 
 
 
(16.0
)
 
(15.7
)
Long-term debt, net
 
 
 
 
 
 
 
 
 
$
2,145.4

 
$
2,178.6



(a)
Unamortized debt issuance costs totaling $15.2 million and $17.1 million related to the ABL Credit Facility (as defined below) are included in "Other long-term assets" in the condensed consolidated balance sheets as of June 30, 2017 and December 31, 2016, respectively.

The effective interest rates for the fixed rate 2022 Notes and 2024 Notes (as defined below) include the stated interest on the notes and the amortization of any debt issuance costs.

Senior Secured Second Priority Notes

In June 2016, Herc issued $610.0 million aggregate principal amount of 7.50% senior secured second priority notes due 2022 (the "2022 Notes") and $625.0 million aggregate principal amount of 7.75% senior secured second priority notes due 2024 (the "2024 Notes" and, together with the 2022 Notes, the "Notes"). Interest on the 2022 Notes accrues at the rate of 7.50% per annum and is payable semi-annually in arrears on June 1 and December 1. The 2022 Notes mature on June 1, 2022. Interest on the 2024 Notes accrues at the rate of 7.75% per annum and is payable semi-annually in arrears on June 1 and December 1. The 2024 Notes mature on June 1, 2024.

On March 10, 2017 Herc drew down on its ABL Credit Facility (as defined below) and redeemed $61.0 million in aggregate principal amount of the 2022 Notes and $62.5 million in aggregate principal amount of the 2024 Notes and recorded a $5.8 million loss on the early extinguishment of debt, comprised of a 3% cash premium totaling $3.7 million and a non-cash charge of $2.1 million for the write-off of unamortized debt issuance costs. The loss on early extinguishment of debt is included in "Interest expense, net” in the Company's condensed consolidated statement of operations.

ABL Credit Facility

The Company's asset-based revolving credit agreement, executed by its Herc subsidiary, provides for senior secured revolving loans up to a maximum aggregate principal amount of $1,750 million (subject to availability under a borrowing base), including revolving loans in an aggregate principal amount of $350 million available to Canadian borrowers and U.S. borrowers (the "ABL Credit Facility"). Up to $250 million of the revolving loan facility is available for the issuance of letters of credit, subject to certain conditions including issuing lender participation. Extensions of credit under the ABL Credit Facility are limited by a borrowing base calculated periodically based on specified percentages of the value of eligible rental equipment, eligible service vehicles, eligible spare parts and merchandise, eligible accounts receivable, and eligible unbilled accounts subject to certain reserves and other adjustments. Subject to the satisfaction of certain conditions and limitations, the ABL Credit Facility allows for the addition of incremental revolving and/or term loan commitments. In addition, the ABL Credit Facility permits Herc to increase the amount of commitments under the ABL Credit Facility with the consent of each lender providing an additional commitment, subject to satisfaction of certain conditions. The ABL Credit Facility matures on June 30, 2021.

The interest rates applicable to the loans under the ABL Credit Facility are based on a fluctuating rate of interest measured by reference to either, at the borrowers’ option, (i) an adjusted London inter-bank offered rate, plus a borrowing margin or (ii) an alternate base rate, plus a borrowing margin (or, in the case of the Canadian borrowers, a rate equal to the rate on bankers’ acceptances with the same maturity, plus a borrowing margin). The borrowing margin on the ABL Credit Facility is determined based on a pricing grid that is bifurcated based on corporate credit ratings, with levels within the grid based on available commitments. Customary fees are also payable in respect of the ABL Credit Facility, including a commitment fee on the unutilized portion thereof.

Other Borrowings

In June 2017, the Company's subsidiary in China entered into uncommitted credit agreements with a bank for up to the maximum aggregate principal amount of $10.0 million. Interest accrues on the loans drawn under these facilities at a rate of 110% of the prevailing base lending rates published by People's Bank of China and is payable quarterly. As of June 30, 2017, the Company had short-term borrowings under these facilities totaling $0.5 million.

Covenants

Notes

The indenture governing the Notes contains covenants that, among other things, limit the ability of Herc to incur additional indebtedness, guarantee indebtedness or issue certain preferred shares; pay dividends on, redeem or repurchase stock or make other distributions in respect of its capital stock; repurchase, prepay or redeem subordinated indebtedness; make loans and investments; create liens; transfer or sell assets; consolidate, merge or sell or otherwise dispose of all or substantially all of its assets; enter into certain transactions with affiliates; and designate subsidiaries as unrestricted subsidiaries. 

ABL Credit Facility

The ABL Credit Facility contains a number of negative covenants that, among other things, limit or restrict the ability of the borrowers and, in certain cases, their restricted subsidiaries to dispose of assets, incur additional indebtedness, incur guarantee obligations, prepay certain indebtedness, make certain dividends, create liens, make investments, make acquisitions, engage in mergers, change the nature of their business, engage in certain transactions with affiliates and enter into certain restrictive agreements.

Failure to maintain certain levels of liquidity will subject the Herc credit group to a contractually specified fixed charge coverage ratio of not less than 1:1 for the four quarters most recently ended. As of June 30, 2017, the Company was not subject to the fixed charge coverage ratio test.

Covenants in the ABL Credit Facility restrict payment of cash dividends to any parent of Herc, including Herc Holdings, except in an aggregate amount, taken together with certain investments, acquisitions and optional prepayments, not to exceed $200 million. Herc may also pay additional cash dividends under the ABL Credit Facility under certain circumstances.

The ABL Credit Facility also contains certain affirmative covenants, including financial and other reporting requirements.

Borrowing Capacity and Availability

After outstanding borrowings, the following was available to the Company under the ABL Credit Facility as of June 30, 2017 (in millions):
 
Remaining
Capacity
 
Availability Under
Borrowing Base
Limitation
ABL Credit Facility
$
720.5

 
$
720.5



In addition, as of June 30, 2017, the Company's subsidiary in China had uncommitted credit facilities of which $9.5 million was unutilized.



Letters of Credit

As of June 30, 2017, the ABL Credit Facility had $225.5 million available under the letter of credit facility sublimit, subject to borrowing base restrictions, as $24.5 million of standby letters of credit were issued and outstanding, none of which have been drawn upon.
XML 23 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Employee Retirement Benefits
 6 Months Ended
Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Employee Retirement Benefits
Employee Retirement Benefits

In July 2016, the Company established the Herc Holdings Retirement Plan (the "Plan"). Prior to the Spin-Off, the Company participated in The Hertz Corporation Account Balance Defined Benefit Pension Plan (the "Hertz Plan"). The majority of assets and liabilities attributable to current and former employees of the equipment rental business were transferred from the Hertz Plan to the Plan following the Spin-Off based on a preliminary allocation. The final allocation and transfer was completed in April 2017 and was $4.0 million lower than the preliminary allocation, resulting in an increase to the pension liability funded status and a corresponding offset to additional paid-in capital.

The following table sets forth the net periodic pension cost (benefit) (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Components of Net Periodic Pension Cost (Benefit):
 
 
 
 
 
 
 
Interest cost
$
1.5

 
$
1.5

 
$
3.0

 
$
3.1

Expected return on plan assets
(1.5
)
 
(2.0
)
 
(3.1
)
 
(4.0
)
Net amortizations of actuarial net loss
0.5

 
0.4

 
0.9

 
0.9

Net periodic pension cost (benefit)
$
0.5

 
$
(0.1
)
 
$
0.8

 
$
—
XML 24 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation
 6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Stock-Based Compensation

During the three months ended June 30, 2017, under the Herc Holdings Inc. 2008 Omnibus Incentive Plan (the "Omnibus Plan"), the Company granted 39,227 restricted stock units ("RSUs") and 4,510 performance stock units ("PSUs") at a weighted average grant date fair value of $37.46 per unit. Approximately 27,800 of the RSUs vest 100% one year following the grant date with the remaining vesting 100% three years following the grant date, and the PSUs vest 100% three years following the grant date provided the performance target is met at the vesting date.

A summary of the total compensation expense and associated income tax benefits recognized under the Omnibus Plan are as follows (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Compensation expense
$
3.0

 
$
1.7

 
$
4.5

 
$
2.7

Income tax benefit
(1.2
)
 
(0.6
)
 
(1.8
)
 
(1.0
)
Total
$
1.8

 
$
1.1

 
$
2.7

 
$
1.7



Stock-based compensation expense includes expense attributable to the Company based on the terms of the awards granted under the Omnibus Plan to the Company's employees. Additionally, during three and six months ended June 30, 2016, stock-based compensation expense includes an allocation of THC's corporate and shared functional employee expenses of $1.4 million and $2.0 million, respectively, on a pre-tax basis.

As of June 30, 2017, there was $21.5 million of total unrecognized compensation cost related to non-vested stock options, RSUs and PSUs granted under the Omnibus Plan. The total unrecognized compensation cost is expected to be recognized over the remaining 2.2 years, on a weighted average basis, of the requisite service period that began on the grant dates.

Employee Stock Purchase Plan

In connection with the Spin-Off, Herc Holdings inherited the Hertz Global Holdings, Inc. Employee Stock Purchase Plan (the "ESPP"). At the date of the Spin-Off, the ESPP had been suspended; however, the Company reinstated the ESPP on January 1, 2017, which was amended and restated as the Herc Holdings Inc. Employee Stock Purchase Plan.

The ESPP enables eligible employees to purchase the Company's common stock at a price per share equal to 85% of the fair market value of a share at the acquisition date. Payment for shares is made through payroll deductions based on a predetermined contribution amount established by the individual employee. During the three and six months ended June 30, 2017, the Company recognized compensation expense of $0.1 million and $0.2 million, respectively, related to the ESPP.
XML 25 R15.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes
 6 Months Ended
Jun. 30, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

Income tax benefit was $22.2 million and $37.3 million, respectively, for the three and six months ended June 30, 2017 compared to an income tax expense of $5.3 million and $5.3 million, respectively, for the same periods in 2016. The income tax benefit in 2017 was primarily driven by pre-tax losses, partially offset by non-deductible expenses and valuation allowances recorded on losses generated by foreign loss jurisdictions. The effective tax rate for the full fiscal year 2017 is expected to be approximately 35%.

In connection with the Spin-Off, net operating loss carryforwards were split between the Company and New Hertz pursuant to the Internal Revenue Code and regulations. While not expected to be significant, the split of net operating loss carryforwards may be further adjusted as income tax returns are finalized through 2017.
XML 26 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

The changes in the accumulated other comprehensive income (loss) balance by component (net of tax) for the six months ended June 30, 2017 are presented in the table below (in millions).
 
Pension and Other Post-Employment Benefits
 
Unrealized Losses on Hedging Instruments
 
Foreign Currency Items
 
Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2016
$
(14.6
)
 
$
—

 
$
(104.1
)
 
$
(118.7
)
Other comprehensive income (loss) before reclassification
(1.6
)
 
(0.5
)
 
8.7

 
6.6

Amounts reclassified from accumulated other comprehensive loss
0.5

 
—

 
—

 
0.5

Net current period other comprehensive income (loss)
(1.1
)
 
(0.5
)
 
8.7

 
7.1

Balance at June 30, 2017
$
(15.7
)
 
$
(0.5
)
 
$
(95.4
)
 
$
(111.6
)


Amounts reclassified from accumulated other comprehensive income (loss) to net income (loss) were as follows (in millions):
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Pension and other postretirement benefit plans
 
Statement of Operations Caption
 
2017
 
2016
 
2017
 
2016
Amortization of actuarial losses
 
Selling, general and administrative
 
$
0.5

 
$
0.4

 
$
0.9

 
$
0.9

Tax benefit
 
Income tax expense
 
(0.2
)
 
(0.2
)
 
(0.4
)
 
(0.4
)
Total reclassifications for the period
 
 
 
$
0.3

 
$
0.2

 
$
0.5

 
$
0.5
XML 27 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies

Legal Proceedings

From time to time the Company is a party to various legal proceedings. Summarized below are the most significant legal proceedings to which the Company is a party.

In re Hertz Global Holdings, Inc. Securities Litigation - In November 2013, a putative shareholder class action, Pedro Ramirez, Jr. v. Hertz Global Holdings, Inc., et al., was commenced in the U.S. District Court for the District of New Jersey naming Hertz Holdings and certain of its officers as defendants and alleging violations of the federal securities laws. The complaint alleged that Hertz Holdings made material misrepresentations and/or omission of material fact in its public disclosures during the period from February 25, 2013 through November 4, 2013, in violation of Section 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 10b-5 promulgated thereunder. The complaint sought unspecified monetary damages on behalf of the purported class and an award of costs and expenses, including counsel fees and expert fees. In June 2014, Hertz Holdings moved to dismiss the amended complaint. In October 2014, the court granted Hertz Holdings’ motion to dismiss without prejudice, allowing the plaintiff to amend the complaint a second time. In November 2014, plaintiff filed a second amended complaint which shortened the putative class period and made allegations that were not substantively very different than the allegations in the prior complaint. In early 2015, Hertz Holdings moved to dismiss the second amended complaint. In July 2015, the court granted Hertz Holdings’ motion to dismiss without prejudice, allowing plaintiff to file a third amended complaint. In August 2015, plaintiff filed a third amended complaint which included additional allegations, named additional then-current and former officers as defendants and expanded the putative class period to extend from February 14, 2013 to July 16, 2015. In November 2015, Hertz Holdings moved to dismiss the third amended complaint. The plaintiff then sought leave to add a new plaintiff because of challenges to the standing of the first plaintiff. The court granted plaintiff leave to file a fourth amended complaint to add the new plaintiff, and the new complaint was filed on March 1, 2016. Hertz Holdings and the individual defendants moved to dismiss the fourth amended complaint with prejudice on March 24, 2016. In April 2017, the court granted Hertz Holdings' and the individual defendants' motions to dismiss and dismissed the action with prejudice. In May 2017, plaintiff filed a notice of appeal.

Governmental Investigations - In June 2014, Hertz Holdings was advised by the staff of the New York Regional Office of the Securities and Exchange Commission ("SEC") that it is investigating the events disclosed in certain of Hertz Holdings’ filings with the SEC. In addition, in December 2014 a state securities regulator requested information from Hertz Holdings regarding the same or similar events. In May 2017, the state securities regulator advised New Hertz that it had closed its investigation. Starting in June 2016, Hertz Holdings and New Hertz have had communications with the United States Attorney’s Office for the District of New Jersey regarding the same or similar events. New Hertz is responsible for managing these matters. The investigations and communications generally involve the restatements included in Hertz Holdings’ 2014 Form 10-K and related accounting for prior periods. Among other matters, the restatements included in Hertz Holdings’ 2014 Form 10-K addressed a variety of accounting matters involving THC's former Brazil vehicle rental operations. Hertz Holdings identified certain activities by THC's former vehicle rental operations in Brazil that may raise issues under the Foreign Corrupt Practices Act and other federal and local laws. THC has self-reported these issues to appropriate government entities, and these issues continue to be investigated. The Company has and intends to continue to cooperate with all governmental requests related to the foregoing. At this time, the Company is currently unable to predict the outcome of these proceedings and issues or to reasonably estimate the range of possible losses, which could be material.

In addition, the Company is subject to a number of claims and proceedings that generally arise in the ordinary conduct of its business. These matters include, but are not limited to, claims arising from the operation of rented equipment and workers' compensation claims. The Company does not believe that the liabilities arising from such ordinary course claims and proceedings will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows.

The Company has established reserves for matters where the Company believes the losses are probable and can be reasonably estimated. For matters where a reserve has not been established, including certain of those described above, the ultimate outcome or resolution cannot be predicted at this time, or the amount of ultimate loss, if any, cannot be reasonably estimated. Litigation is subject to many uncertainties and there can be no assurance as to the outcome of the individual litigated matters. It is possible that certain of the actions, claims, inquiries or proceedings, including those discussed above, could be decided unfavorably to the Company or any of its subsidiaries involved. Accordingly, it is possible that an adverse outcome from such a proceeding could exceed the amount accrued in an amount that could be material to the Company's consolidated financial condition, results of operations or cash flows in any particular reporting period.

Off-Balance Sheet Commitments

Indemnification Obligations

In the ordinary course of business, the Company executes contracts involving indemnification obligations customary in the relevant industry and indemnifications specific to a transaction such as the sale of a business. These indemnification obligations might include claims relating to the following: environmental matters; intellectual property rights; governmental regulations; employment-related matters; customer, supplier and other commercial contractual relationships; and financial matters. Performance under these indemnification obligations would generally be triggered by a breach of terms of the contract or by a third party claim. The Company regularly evaluates the probability of having to incur costs associated with these indemnification obligations and has accrued for expected losses that are probable and estimable. The types of indemnification obligations for which payments are possible include the following:

The Spin-Off

In connection with the Spin-Off, pursuant to the separation and distribution agreement (as discussed in Note 15, "Arrangements with New Hertz"), the Company has assumed the liability for, and control of, all pending and threatened legal matters related to its equipment rental business and related assets, as well as assumed or retained liabilities, and will indemnify New Hertz for any liability arising out of or resulting from such assumed legal matters. The separation and distribution agreement also provides for certain liabilities to be shared by the parties. The Company is responsible for a portion of these shared liabilities (typically 15%), as set forth in that agreement. New Hertz is responsible for managing the settlement or other disposition of such shared liabilities. Pursuant to the tax matters agreement, the Company has agreed to indemnify New Hertz for any resulting taxes and related losses if the Company takes or fails to take any action (or permits any of its affiliates to take or fail to take any action) that causes the Spin-Off and related transactions to be taxable, or if there is an acquisition of the equity securities or assets of the Company or of any member of the Company’s group that causes the Spin-Off and related transactions to be taxable.

Environmental

The Company has indemnified various parties for the costs associated with remediating numerous hazardous substance storage, recycling or disposal sites in many states and, in some instances, for natural resource damages. The amount of any such expenses or related natural resource damages for which the Company may be held responsible could be substantial. The probable expenses that the Company expects to incur for such matters have been accrued, and those expenses are reflected in the Company's consolidated financial statements. As of June 30, 2017 and December 31, 2016, the aggregate amounts accrued for environmental liabilities including liability for environmental indemnities, reflected in the Company's consolidated balance sheets in "Accrued liabilities" were $0.1 million and $0.2 million, respectively. The accrual generally represents the estimated cost to study potential environmental issues at sites deemed to require investigation or clean-up activities, and the estimated cost to implement remediation actions, including on-going maintenance, as required. Cost estimates are developed by site. Initial cost estimates are based on historical experience at similar sites and are refined over time on the basis of in-depth studies of the sites. For many sites, the remediation costs and other damages for which the Company ultimately may be responsible cannot be reasonably estimated because of uncertainties with respect to factors such as the Company's connection to the site, the materials there, the involvement of other potentially responsible parties, the application of laws and other standards or regulations, site conditions, and the nature and scope of investigations, studies, and remediation to be undertaken (including the technologies to be required and the extent, duration, and success of remediation).
XML 28 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
Financial Instruments
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Financial Instruments
Financial Instruments

The Company established risk management policies and procedures, which seek to reduce the Company’s risk exposure to fluctuations in foreign currency exchange rates and interest rates. However, there can be no assurance that these policies and procedures will be successful. Although the instruments utilized involve varying degrees of credit, market and interest risk, the counterparties to the agreements are expected to perform fully under the terms of the agreements. The Company monitors counterparty credit risk, including lenders, on a regular basis, but cannot be certain that all risks will be discerned or that its risk management policies and procedures will always be effective. Additionally, in the event of default under the Company’s master derivative agreements, the non-defaulting party has the option to set-off any amounts owed with regard to open derivative positions.

Foreign Currency Exchange Rate Risk

The Company’s objective in managing exposure to foreign currency fluctuations is to limit the exposure of certain cash flows and earnings to foreign currency exchange rate changes through the use of various derivative contracts. The Company experiences foreign currency risks in its global operations as a result of various factors, including intercompany local currency denominated loans, rental operations in various currencies and purchasing fleet in various currencies.

Interest Rate Swap Arrangement

The Company has entered into a three-year LIBOR-based interest rate swap arrangement on a portion of its outstanding ABL Credit Facility. The aggregate amount of the swap is equal to a portion of the U.S. dollar principal amount of the ABL Credit Facility and the payment dates of the swap coincide with the interest payment dates of the ABL Credit Facility. The swap contract provides for the Company to pay a fixed interest rate and receive a floating rate. The variable interest rate resets monthly. The swap has been accounted for as cash flow hedge of a portion of the ABL Credit Facility.

The following table summarizes the outstanding interest rate swap arrangement as of June 30, 2017 (dollars in millions):
 
Aggregate Notional Amount
 
Receive Rate
 
Receive Rate as of June 30, 2017
 
Pay Rate
ABL Credit Facility
$
350.0

 
1 month LIBOR + 1.75%
 
3.0
%
 
3.5
%


The following table summarizes the estimated fair value of the Company's financial instruments (in millions).
 
Fair Value of Financial Instruments
 
Prepaid & Other Current Assets
 
Accrued Liabilities
 
June 30,
2017
 
December 31,
2016
 
June 30,
2017
 
December 31,
2016
Derivatives Designated as Hedging Instruments
 
 
 
 
 
 
 
Interest rate swap
$
—

 
$
—

 
$
1.0

 
$
—

Derivatives Not Designated as Hedging Instruments


 


 


 


Foreign currency forward contracts
$
—

 
$
0.1

 
$
—

 
$
—



The following table summarizes the gains and losses on derivative instruments for the periods indicated. Gains and losses recognized on foreign currency forward contracts and the effective portion of interest rate swaps are included in the condensed consolidated statements of operations together with the corresponding offsetting gains and losses on the underlying hedged transactions. All gains and losses recognized are included in "Selling, general and administrative" in the condensed consolidated statements of operations (in millions).
 
Gain (Loss) Recognized
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Derivatives Designated as Cash Flow Hedges
 
 
 
 
 
 
 
Interest rate swap - effective portion
$
—

 
$
—

 
$
—

 
$
—

Interest rate swap - ineffective portion
$
—

 
$
—

 
$
(0.1
)
 
$
—

Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
Foreign currency forward contracts
$
(0.4
)
 
$
(0.2
)
 
$
(3.6
)
 
$
(0.1
)
XML 29 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value Measurements
 6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value Measurements
Fair Value Measurements

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The fair value of accounts receivable, accounts payable and accrued liabilities, to the extent the underlying liability will be settled in cash, approximates the carrying values because of the short-term nature of these instruments.

Cash Equivalents

Cash equivalents, when held, primarily consist of money market accounts which are classified as Level 1 assets which the Company measures at fair value on a recurring basis. The Company determines the fair value of cash equivalents using a market approach based on quoted prices in active markets. The Company had no cash equivalents at June 30, 2017 or December 31, 2016.

Financial Instruments

The fair value of the Company's financial instruments as of June 30, 2017 and December 31, 2016 are shown in Note 11, "Financial Instruments." The Company's financial instruments are classified as Level 2 assets and liabilities and are priced using quoted market prices for similar assets or liabilities in active markets.

Debt Obligations

The fair value of debt is estimated based on quoted market rates as well as borrowing rates currently available to the Company for loans with similar terms and average maturities (Level 2 inputs) (in millions).
 
June 30, 2017
 
December 31, 2016
 
Nominal Unpaid Principal Balance
 
Aggregate Fair Value
 
Nominal Unpaid Principal Balance
 
Aggregate Fair Value
Debt
$
2,179.1

 
$
2,237.5

 
$
2,215.3

 
$
2,275.5
XML 30 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic earnings (loss) per share has been computed based upon the weighted average number of common shares outstanding. Diluted earnings (loss) per share has been computed based upon the weighted average number of common shares outstanding plus the effect of all potentially dilutive common stock equivalents, except when the effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted loss per share (in millions, except per share data).
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Basic and diluted loss per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net loss, basic and diluted
$
(27.6
)
 
$
(8.0
)
 
$
(66.8
)
 
$
(9.5
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average common shares
28.3

 
28.3

 
28.3

 
28.3

Stock options, RSUs and PSUs
—

 
—

 
—

 
—

Weighted average shares used to calculate diluted loss per share
28.3

 
28.3

 
28.3

 
28.3

Loss per share:
 
 
 
 
 
 
 
Basic
$
(0.98
)
 
$
(0.28
)
 
$
(2.36
)
 
$
(0.34
)
Diluted
$
(0.98
)
 
$
(0.28
)
 
$
(2.36
)
 
$
(0.34
)
Antidilutive stock options, RSUs and PSUs
0.9

 
0.2

 
0.8

 
0.2
XML 31 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions
 6 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions

Transactions between the Company and THC and its affiliates prior to the Spin-Off are herein referred to as "related party" or "affiliated" transactions for the periods presented. Effective with the Spin-Off on June 30, 2016 all transactions with THC and its affiliates were settled and paid in full. Effective upon the Spin-Off, the Company entered into, among other things, a transition services agreement with New Hertz. See Note 15, "Arrangements with New Hertz" for further information.

Loans with Affiliates

Prior to the Spin-Off, the Company entered into various loan agreements with affiliates as part of a centralized approach to the financing of worldwide operations by THC. The amounts due to and from other affiliates had various interest rates and maturity dates but were generally short-term in nature. Effective with the Spin-Off on June 30, 2016, any loans with affiliates were settled and paid in full, including any accrued interest.

Intercompany Transactions

Prior to the Spin-Off, all significant intercompany payable and receivable balances between the Company and THC were considered to be effectively settled for cash in the consolidated financial statements at the time the transaction was recorded.

Corporate Allocations

Prior to the Spin-Off, THC provided services to and funded certain expenses for the Company that were recorded at the THC level. As discussed in Note 2, "Basis of Presentation and Recently Issued Accounting Pronouncements," the financial information in these condensed consolidated financial statements includes, in periods prior to June 30, 2016, direct costs of the Company incurred by THC on the Company’s behalf and an allocation of general corporate expenses of THC which were not historically allocated to the Company for certain support functions that were provided on a centralized basis within THC and not recorded at the business unit level, such as expenses related to finance, human resources, information technology, facilities and legal, among others, and that would have been incurred had the Company been a separate, stand-alone entity.

Costs incurred and allocated by THC that were included in the condensed consolidated statements of operations are shown in the following table (in millions). As the Spin-Off occurred on June 30, 2016, no costs were allocated by THC during 2017.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2016
Direct operating
$
0.3

 
$
0.6

Selling, general and administrative
9.0

 
18.0

Total allocated expenses
$
9.3

 
$
18.6



Agreements with Carl C. Icahn

The Company is subject to the Nomination and Standstill Agreement, dated September 15, 2014 (the "Nomination and Standstill Agreement"), with Carl C. Icahn, High River Limited Partnership, Hopper Investments LLC, Barberry Corp., Icahn Partners LP, Icahn Partners Master Fund LP, Icahn Enterprises G.P. Inc., Icahn Enterprises Holdings L.P., IPH GP LLC, Icahn Capital LP, Icahn Onshore LP, Icahn Offshore LP, Beckton Corp., Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi (collectively, the "Original Icahn Group"). In connection with their appointments to the Company’s board of directors, each of Courtney Mather, Louis J. Pastor and Stephen A. Mongillo (collectively, the "Icahn Designees," and, together with the Original Icahn Group, the "Icahn Group") executed a Joinder Agreement agreeing to become bound as a party to the terms and conditions of the Nomination and Standstill Agreement (such Joinder Agreements, together with the Nomination and Standstill Agreement, are collectively referred to herein as the "Icahn Agreements").

Pursuant to the Icahn Agreements, the Icahn Designees were appointed to the Company’s board of directors effective June 30, 2016. Pursuant to the Icahn Agreements, so long as an Icahn Designee is a member of the board of directors, the board of directors will not be expanded to greater than 10 directors without approval from the Icahn Designees then on the board of directors. In addition, pursuant to the Icahn Agreements, subject to certain restrictions and requirements, the Icahn Group will have certain replacement rights in the event an Icahn Designee resigns or is otherwise unable to serve as a director (other than as a result of not being nominated by the Company for an annual meeting).

In addition, until the date that no Icahn Designee is a member of the Board (or otherwise deemed to be on the Board pursuant to the terms of the Icahn Agreements) (the “Board Representation Period”), the Icahn Group agrees to vote all of its shares of the Company’s common stock in favor of the election of all of the Company’s director nominees at each annual or special meeting of the Company’s stockholders, and, subject to limited exceptions, the Icahn Group further agrees to (i) adhere to certain standstill obligations, including the obligation to not solicit proxies or consents or influence others with respect to the same, and (ii) not acquire or otherwise beneficially own more than 20% of the Company’s outstanding voting securities. Under the Icahn Agreements, if the Icahn Group ceases to hold a “net long position,” as defined in the Nomination and Standstill Agreement, in at least 1,900,000 shares of the Company’s common stock, the Icahn Group will cause one Icahn Designee to resign from the Company’s board of directors; if the Icahn Group’s holdings are further reduced to specified levels, additional Icahn Designees are required to resign.

In addition, pursuant to the Icahn Agreements, the Company entered into a registration rights agreement, effective June 30, 2016 (the "Registration Rights Agreement"), with High River Limited Partnership, Icahn Partners LP and Icahn Partners Master Fund LP, on behalf of any person who is a member of the "Icahn group" (as such term is defined therein) who owns applicable securities at the relevant time and is or has become a party to the Registration Rights Agreement. The Registration Rights Agreement provides for customary demand and piggyback registration rights and obligations.
Arrangements with New Hertz

In connection with the Spin-Off, the Company entered into a separation and distribution agreement (the “Separation Agreement”) with New Hertz. In connection therewith, the Company also entered into various other ancillary agreements with New Hertz to effect the Spin-Off and provide a framework for its relationship with New Hertz. The following summarizes some of the most significant agreements and relationships that Herc Holdings will continue to have with New Hertz.

Separation and Distribution Agreement

The Separation Agreement sets forth the Company's agreements with New Hertz regarding the principal actions taken in connection with the Spin-Off. It also sets forth other agreements that govern aspects of the Company's relationship with New Hertz following the Spin-Off regarding (i) the manner in which legal matters and claims are allocated and certain liabilities are shared between the Company and New Hertz; (ii) other matters including transfers of assets and liabilities, treatment or termination of intercompany arrangements and releases of certain claims between the parties and their affiliates; (iii) mutual indemnification clauses; and (iv) allocation of Spin-Off expenses between the parties.

Transition Services Agreement

The Company entered into a TSA pursuant to which New Hertz or its affiliates provide specified services to the Company on a transitional basis to help ensure an orderly transition following the Spin-Off. The TSA generally provides for a term of up to two years following the Spin-Off, though the recipient of the services may elect to terminate a service at any time upon advance written notice. During the three and six months ended June 30, 2017, the Company incurred expenses of $4.9 million and $10.1 million, respectively, under the TSA which is included in "Direct operating" and "Selling, general and administrative" expenses in the Company's condensed consolidated statements of operations.

Tax Matters Agreement

The Company entered into a tax matters agreement (the “Tax Matters Agreement”) with New Hertz that governs the parties' rights, responsibilities and obligations after the Spin-Off with respect to tax liabilities and benefits, tax attributes, tax contests and other tax matters regarding income taxes, other taxes and related tax returns.

Employee Matters Agreement

The Company and New Hertz entered into an employee matters agreement to allocate liabilities and responsibilities relating to employment matters, employee compensation, benefit plans and programs and other related matters for current and former employees of the vehicle rental business and the equipment rental business.

Intellectual Property Agreement

The Company and New Hertz entered into an intellectual property agreement (the “Intellectual Property Agreement”) that provides for ownership, licensing and other arrangements regarding the trademarks and related intellectual property that New Hertz and the Company use in conducting their businesses. The Intellectual Property Agreement allocates ownership between New Hertz and the Company of all trademarks, domain names and certain copyrights that Hertz Holdings or its subsidiaries owned immediately prior to the Spin-Off.

Real Estate Arrangements

The Company and New Hertz entered into certain real estate lease agreements pursuant to which the Company leases certain office space from New Hertz and New Hertz leases certain rental facilities space from the Company. Rent payments were negotiated based on comparable fair market rental rates.
XML 32 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Arrangements With New Hertz
 6 Months Ended
Jun. 30, 2017
Restructuring and Related Activities [Abstract]  
Arrangements With New Hertz
Related Party Transactions

Transactions between the Company and THC and its affiliates prior to the Spin-Off are herein referred to as "related party" or "affiliated" transactions for the periods presented. Effective with the Spin-Off on June 30, 2016 all transactions with THC and its affiliates were settled and paid in full. Effective upon the Spin-Off, the Company entered into, among other things, a transition services agreement with New Hertz. See Note 15, "Arrangements with New Hertz" for further information.

Loans with Affiliates

Prior to the Spin-Off, the Company entered into various loan agreements with affiliates as part of a centralized approach to the financing of worldwide operations by THC. The amounts due to and from other affiliates had various interest rates and maturity dates but were generally short-term in nature. Effective with the Spin-Off on June 30, 2016, any loans with affiliates were settled and paid in full, including any accrued interest.

Intercompany Transactions

Prior to the Spin-Off, all significant intercompany payable and receivable balances between the Company and THC were considered to be effectively settled for cash in the consolidated financial statements at the time the transaction was recorded.

Corporate Allocations

Prior to the Spin-Off, THC provided services to and funded certain expenses for the Company that were recorded at the THC level. As discussed in Note 2, "Basis of Presentation and Recently Issued Accounting Pronouncements," the financial information in these condensed consolidated financial statements includes, in periods prior to June 30, 2016, direct costs of the Company incurred by THC on the Company’s behalf and an allocation of general corporate expenses of THC which were not historically allocated to the Company for certain support functions that were provided on a centralized basis within THC and not recorded at the business unit level, such as expenses related to finance, human resources, information technology, facilities and legal, among others, and that would have been incurred had the Company been a separate, stand-alone entity.

Costs incurred and allocated by THC that were included in the condensed consolidated statements of operations are shown in the following table (in millions). As the Spin-Off occurred on June 30, 2016, no costs were allocated by THC during 2017.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2016
Direct operating
$
0.3

 
$
0.6

Selling, general and administrative
9.0

 
18.0

Total allocated expenses
$
9.3

 
$
18.6



Agreements with Carl C. Icahn

The Company is subject to the Nomination and Standstill Agreement, dated September 15, 2014 (the "Nomination and Standstill Agreement"), with Carl C. Icahn, High River Limited Partnership, Hopper Investments LLC, Barberry Corp., Icahn Partners LP, Icahn Partners Master Fund LP, Icahn Enterprises G.P. Inc., Icahn Enterprises Holdings L.P., IPH GP LLC, Icahn Capital LP, Icahn Onshore LP, Icahn Offshore LP, Beckton Corp., Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi (collectively, the "Original Icahn Group"). In connection with their appointments to the Company’s board of directors, each of Courtney Mather, Louis J. Pastor and Stephen A. Mongillo (collectively, the "Icahn Designees," and, together with the Original Icahn Group, the "Icahn Group") executed a Joinder Agreement agreeing to become bound as a party to the terms and conditions of the Nomination and Standstill Agreement (such Joinder Agreements, together with the Nomination and Standstill Agreement, are collectively referred to herein as the "Icahn Agreements").

Pursuant to the Icahn Agreements, the Icahn Designees were appointed to the Company’s board of directors effective June 30, 2016. Pursuant to the Icahn Agreements, so long as an Icahn Designee is a member of the board of directors, the board of directors will not be expanded to greater than 10 directors without approval from the Icahn Designees then on the board of directors. In addition, pursuant to the Icahn Agreements, subject to certain restrictions and requirements, the Icahn Group will have certain replacement rights in the event an Icahn Designee resigns or is otherwise unable to serve as a director (other than as a result of not being nominated by the Company for an annual meeting).

In addition, until the date that no Icahn Designee is a member of the Board (or otherwise deemed to be on the Board pursuant to the terms of the Icahn Agreements) (the “Board Representation Period”), the Icahn Group agrees to vote all of its shares of the Company’s common stock in favor of the election of all of the Company’s director nominees at each annual or special meeting of the Company’s stockholders, and, subject to limited exceptions, the Icahn Group further agrees to (i) adhere to certain standstill obligations, including the obligation to not solicit proxies or consents or influence others with respect to the same, and (ii) not acquire or otherwise beneficially own more than 20% of the Company’s outstanding voting securities. Under the Icahn Agreements, if the Icahn Group ceases to hold a “net long position,” as defined in the Nomination and Standstill Agreement, in at least 1,900,000 shares of the Company’s common stock, the Icahn Group will cause one Icahn Designee to resign from the Company’s board of directors; if the Icahn Group’s holdings are further reduced to specified levels, additional Icahn Designees are required to resign.

In addition, pursuant to the Icahn Agreements, the Company entered into a registration rights agreement, effective June 30, 2016 (the "Registration Rights Agreement"), with High River Limited Partnership, Icahn Partners LP and Icahn Partners Master Fund LP, on behalf of any person who is a member of the "Icahn group" (as such term is defined therein) who owns applicable securities at the relevant time and is or has become a party to the Registration Rights Agreement. The Registration Rights Agreement provides for customary demand and piggyback registration rights and obligations.
Arrangements with New Hertz

In connection with the Spin-Off, the Company entered into a separation and distribution agreement (the “Separation Agreement”) with New Hertz. In connection therewith, the Company also entered into various other ancillary agreements with New Hertz to effect the Spin-Off and provide a framework for its relationship with New Hertz. The following summarizes some of the most significant agreements and relationships that Herc Holdings will continue to have with New Hertz.

Separation and Distribution Agreement

The Separation Agreement sets forth the Company's agreements with New Hertz regarding the principal actions taken in connection with the Spin-Off. It also sets forth other agreements that govern aspects of the Company's relationship with New Hertz following the Spin-Off regarding (i) the manner in which legal matters and claims are allocated and certain liabilities are shared between the Company and New Hertz; (ii) other matters including transfers of assets and liabilities, treatment or termination of intercompany arrangements and releases of certain claims between the parties and their affiliates; (iii) mutual indemnification clauses; and (iv) allocation of Spin-Off expenses between the parties.

Transition Services Agreement

The Company entered into a TSA pursuant to which New Hertz or its affiliates provide specified services to the Company on a transitional basis to help ensure an orderly transition following the Spin-Off. The TSA generally provides for a term of up to two years following the Spin-Off, though the recipient of the services may elect to terminate a service at any time upon advance written notice. During the three and six months ended June 30, 2017, the Company incurred expenses of $4.9 million and $10.1 million, respectively, under the TSA which is included in "Direct operating" and "Selling, general and administrative" expenses in the Company's condensed consolidated statements of operations.

Tax Matters Agreement

The Company entered into a tax matters agreement (the “Tax Matters Agreement”) with New Hertz that governs the parties' rights, responsibilities and obligations after the Spin-Off with respect to tax liabilities and benefits, tax attributes, tax contests and other tax matters regarding income taxes, other taxes and related tax returns.

Employee Matters Agreement

The Company and New Hertz entered into an employee matters agreement to allocate liabilities and responsibilities relating to employment matters, employee compensation, benefit plans and programs and other related matters for current and former employees of the vehicle rental business and the equipment rental business.

Intellectual Property Agreement

The Company and New Hertz entered into an intellectual property agreement (the “Intellectual Property Agreement”) that provides for ownership, licensing and other arrangements regarding the trademarks and related intellectual property that New Hertz and the Company use in conducting their businesses. The Intellectual Property Agreement allocates ownership between New Hertz and the Company of all trademarks, domain names and certain copyrights that Hertz Holdings or its subsidiaries owned immediately prior to the Spin-Off.

Real Estate Arrangements

The Company and New Hertz entered into certain real estate lease agreements pursuant to which the Company leases certain office space from New Hertz and New Hertz leases certain rental facilities space from the Company. Rent payments were negotiated based on comparable fair market rental rates.
XML 33 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Subsequent Event
 6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Event
Subsequent Event

In August 2017, Herc executed a purchase and sale agreement (“PSA”) for a sale-leaseback transaction relating to 44 of its properties located in the U.S. for anticipated gross proceeds of approximately $123.5 million. The PSA provides for a due diligence period during which the purchaser may exclude properties from the transaction, subject to certain conditions and within specified limits. The lease agreement to be entered into at closing will have an initial term of 20 years, subject to extension, at Herc’s option, for up to five additional periods of five years each. The transaction is expected to close by the end of the third quarter of 2017, subject to customary closing conditions. The sale of the properties is not expected to qualify for sale-leaseback accounting and the book value of the buildings and land will remain on the Company’s consolidated balance sheet.
XML 34 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)
 6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
Basis of Presentation

The Company prepares its condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). In the opinion of management, the condensed consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and footnotes. Actual results could differ materially from those estimates.

Significant estimates inherent in the preparation of the condensed consolidated financial statements include depreciation of revenue earning equipment, pension and postretirement benefits, the recoverability of long-lived assets, useful lives and impairment of long-lived tangible and intangible assets including goodwill and trade name, accounting for income taxes, valuation of stock-based compensation, reserves for litigation and other contingencies, allowances for receivables and, prior to the Spin-Off, allocated general corporate expenses from THC, among others.

The financial statements for the three and six months ended June 30, 2016 included in this Quarterly Report on Form 10-Q (this "Report") represent the carve-out financial results.
Principles of Consolidation
Principles of Consolidation

The condensed consolidated financial statements include the accounts of Herc Holdings and its wholly owned subsidiaries. In the event that the Company is a primary beneficiary of a variable interest entity, the assets, liabilities and results of operations of the variable interest entity are included in the Company's condensed consolidated financial statements. The Company accounts for its investments in joint ventures using the equity method when it has significant influence but not control and is not the primary beneficiary. All significant intercompany transactions have been eliminated in consolidation.

Transactions between the Company and THC and its affiliates prior to the Spin-Off are herein referred to as “related party” or “affiliated” transactions for the 2016 periods presented. Effective with the Spin-Off on June 30, 2016, all transactions with THC and its affiliates were settled and paid in full. Effective upon the Spin-Off, the Company entered into certain agreements with New Hertz, including a transition service agreement ("TSA"). See Note 15, "Arrangements with New Hertz" for further information.

For periods prior to the Spin-Off, the condensed consolidated financial statements include net interest expense on loans receivable and payable to affiliates and expense allocations for certain corporate functions historically performed by THC, including, but not limited to, general corporate expenses related to finance, legal, information technology, human resources, communications, employee benefits and incentives, insurance and stock-based compensation. These expenses were allocated to the Company on the basis of direct usage when identifiable, with the remainder allocated on the basis of revenues, operating expenses, headcount or other relevant measures. Management believes the assumptions underlying the condensed consolidated financial statements, including the assumptions regarding the allocation of corporate expenses from THC, are reasonable. Nevertheless, the condensed consolidated financial statements may not include all of the expenses that would have been incurred had the Company been a stand-alone company during the periods presented and may not reflect the Company's condensed consolidated financial position, results of operations and cash flows had the Company been a stand-alone company during the periods presented. Actual costs that would have been incurred if the Company had been a stand-alone company would have depended on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure.
Reclassification of Prior Period Presentation
Reclassification of Prior Period Presentation

Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported condensed consolidated balance sheets, results of operations, equity or cash flows for any period presented.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements

Adopted

Simplifying the Subsequent Measurement of Inventory

In July 2015, the Financial Accounting Standards Board ("FASB") issued guidance that requires inventory to be measured at the lower of cost and net realizable value (rather than cost or market), excluding inventory measured using the last-in, first-out method or the retail inventory method. Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's financial position, results of operations or cash flows.

Simplifying the Transition to the Equity Method of Accounting

In March 2016, the FASB issued guidance that eliminates the requirement to apply the equity method of accounting retrospectively when significant influence over a previously held investment is obtained. Rather, the guidance requires the investor to add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method of accounting. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's financial position, results of operations or cash flows.

Improvements to Employee Share-Based Payment Accounting

In March 2016, the FASB issued guidance that simplifies several areas of employee share-based payment accounting, including: (i) eliminating tracking of tax "windfalls" in a separate pool within additional paid-in capital; instead, excess tax benefits and tax deficiencies are recorded within income tax expense; (ii) eliminating the requirement that excess tax benefits be realized before they can be recognized which is required to be recorded as an adjustment to opening retained earnings; however, the impact to the Company upon adoption was immaterial; (iii) presentation of excess tax benefits as an operating activity on the statement of cash flows, which had no impact on the Company; (iv) presentation of employee taxes paid directly to a taxing authority when directly withholding shares for tax-withholding purposes as a financing activity on the statement of cash flows, which had no impact as the Company has historically followed this presentation and (v) making a policy election regarding treatment of forfeitures, with respect to which the Company will continue to estimate forfeitures. The Company adopted this guidance on January 1, 2017 in accordance with the effective date. Adoption of this guidance did not impact the Company's consolidated statement of operations.

Not Yet Adopted

Revenue from Contracts with Customers

In May 2014, the FASB issued guidance that will replace most existing revenue recognition guidance in U.S. GAAP. The new guidance applies to all contracts with customers except for leases, insurance contracts, financial instruments, certain nonmonetary exchanges and certain guarantees. The core principle of the guidance is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The new principles-based revenue recognition model requires an entity to perform five steps in its analysis: 1) identify the contract(s) with a customer, 2) identify the performance obligations in the contract, 3) determine the transaction price, 4) allocate the transaction price to the performance obligations in the contract, and 5) recognize revenue when (or as) the entity satisfies a performance obligation. Under the new guidance, performance obligations in a contract will be separately identified, which may impact the timing of recognition of the revenue allocated to each obligation. The measurement of revenue recognized may also be impacted by identification of new performance obligations and other matters, such as collectability and variable consideration. Also, additional disclosures are required about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The new guidance may be adopted on either a full or modified retrospective basis. As originally issued, the guidance was effective for annual reporting periods beginning after December 15, 2016, including interim periods within those reporting periods. However in July 2015, the FASB agreed to defer the effective date until annual and interim reporting periods beginning after December 15, 2017.

In March 2016, the FASB issued clarifying guidance on assessing whether an entity is a principal or an agent in a revenue transaction, which impacts whether an entity reports revenue on a gross or net basis. In April 2016, the FASB issued guidance that reduces the complexity for identifying performance obligations and clarifies the implementation guidance on licensing for intellectual property. In May 2016, the FASB issued guidance that clarifies the collectability criterion, the presentation of sales taxes and non-cash consideration, and provides additional implementation practical expedients.

The Company believes the accounting for equipment rental revenue is primarily outside of the scope of the revenue guidance and will be evaluated under the new lease guidance, which is described further under the heading "Leases" below. The Company is in the process of evaluating the guidance with respect to sales of revenue earning equipment, sales of new equipment, parts and supplies and service and other revenues and intends to determine the adoption method and preliminary impact on the Company's financial statements during the third quarter of 2017.

Leases

In February 2016, the FASB issued guidance that replaces the existing lease guidance. The new guidance establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. This guidance also expands the requirements for lessees to record leases embedded in other arrangements and the required quantitative and qualitative disclosures surrounding leases. Accounting guidance for lessors is largely unchanged. This guidance is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods using a modified retrospective transition approach. The Company is in the process of assessing the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments

In August 2016, the FASB issued guidance to eliminate the diversity in practice related to the classification of certain cash receipts and payments in the statement of cash flows, by adding or clarifying guidance on eight specific cash flow issues. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. The Company is in the process of assessing the potential impacts of adopting this guidance on its statement of cash flows.

Statement of Cash Flows: Restricted Cash

In November 2016, the FASB issued guidance requiring restricted cash and cash equivalents to be included with cash and cash equivalents on the statement cash flows. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. The Company is in the process of assessing the potential impacts of adopting this guidance on its statement of cash flows.

Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory

In October 2016, the FASB issued guidance requiring an entity to recognize upon transfer the income tax consequences of an intra-entity transfer of an asset other than inventory, eliminating the current recognition exception. Two common examples of assets included in the scope of this standard are intellectual property and property, plant and equipment. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Simplifying the Test for Goodwill Impairment

In January 2017, the FASB issued guidance to simplify the subsequent measurement of goodwill by removing the second step of the two-step impairment test. The guidance requires that an entity recognize an impairment charge for the amount by which the carrying amount of the reporting unit exceeds the reporting unit’s fair value. This guidance is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs

In March 2017, the FASB issued guidance on the presentation of net periodic pension and postretirement benefit costs in the income statement and on the components eligible for capitalization. The guidance requires the reporting of the service cost component of the net periodic benefit costs in the same income statement line item as other components of net periodic costs arising from services rendered by an employee during the period, and that non-service-cost components be presented in the income statement separately from the service cost components and outside a subtotal of income from operations. The guidance also allows for the capitalization of the service cost components, when applicable. This guidance is effective for annual and interim periods beginning after December 15, 2017. The Company has not yet determined the potential impacts of adopting this guidance on its financial position, results of operations and cash flows.

Compensation - Stock Compensation
In May 2017, the FASB issued guidance on which changes to the terms or conditions of a share-based payment award requires an entity to apply modification accounting. Under the updated guidance, a modification is defined as a change in the terms or conditions of a share-based payment award, and an entity should account for the effects of a modification unless all of the following are met:

1.
The fair value of the modified award is the same as the fair value of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation techniques that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification.
2.
The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified.
3.
The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified.

This guidance requires prospective adoption and is effective for annual and interim periods beginning after December 15, 2017, with early adoption permitted. The Company does not expect the guidance to have significant impact on its financial position, results of operations or cash flows.
XML 35 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Revenue Earning Equipment (Tables)
 6 Months Ended
Jun. 30, 2017
Property Subject to or Available for Operating Lease, Net [Abstract]  
Components of Revenue Earning Equipment
Revenue earning equipment consists of the following (in millions):
 
June 30, 2017
 
December 31, 2016
Revenue earning equipment
$
3,782.2

 
$
3,695.5

Less: Accumulated depreciation
(1,333.2
)
 
(1,305.5
)
Revenue earning equipment, net
$
2,449.0

 
$
2,390.0
XML 36 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Debt
The Company's debt consists of the following (in millions):
 
 
Weighted Average Effective Interest Rate at June 30, 2017
 
Weighted Average Stated Interest Rate at June 30, 2017
 
Fixed or Floating Interest Rate
 
Maturity
 
June 30,
2017
 
December 31,
2016
Senior Secured Second Priority Notes
 
 
 
 
 
 
 
 
 
 
 
 
2022 Notes
 
7.88%
 
7.50%
 
Fixed
 
2022
 
$
549.0

 
$
610.0

2024 Notes
 
8.06%
 
7.75%
 
Fixed
 
2024
 
562.5

 
625.0

Other Debt
 
 
 
 
 
 
 
 
 
 
 
 
ABL Credit Facility
 
N/A
 
2.95%
 
Floating
 
2021
 
1,005.0

 
910.0

Capital leases
 
4.00%
 
N/A
 
Fixed
 
2016-2021
 
62.1

 
70.3

Other borrowings
 
N/A
 
4.79%
 
Floating
 
2018
 
0.5

 
—

Unamortized Debt Issuance Costs(a)
 
 
 
 
 
 
 
 
 
(17.7
)
 
(21.0
)
Total debt
 
 
 
 
 
 
 
 
 
2,161.4

 
2,194.3

Less: Current maturities of long-term debt
 
 
 
 
 
 
 
 
 
(16.0
)
 
(15.7
)
Long-term debt, net
 
 
 
 
 
 
 
 
 
$
2,145.4

 
$
2,178.6



(a)
Unamortized debt issuance costs totaling $15.2 million and $17.1 million related to the ABL Credit Facility (as defined below) are included in "Other long-term assets" in the condensed consolidated balance sheets as of June 30, 2017 and December 31, 2016, respectively.
Borrowing Capacity and Availability on Line of Credit
After outstanding borrowings, the following was available to the Company under the ABL Credit Facility as of June 30, 2017 (in millions):
 
Remaining
Capacity
 
Availability Under
Borrowing Base
Limitation
ABL Credit Facility
$
720.5

 
$
720.5
XML 37 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1
Employee Retirement Benefits (Tables)
 6 Months Ended
Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Periodic Costs
he following table sets forth the net periodic pension cost (benefit) (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Components of Net Periodic Pension Cost (Benefit):
 
 
 
 
 
 
 
Interest cost
$
1.5

 
$
1.5

 
$
3.0

 
$
3.1

Expected return on plan assets
(1.5
)
 
(2.0
)
 
(3.1
)
 
(4.0
)
Net amortizations of actuarial net loss
0.5

 
0.4

 
0.9

 
0.9

Net periodic pension cost (benefit)
$
0.5

 
$
(0.1
)
 
$
0.8

 
$
—
XML 38 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Components of Stock-Based Compensation Expense
A summary of the total compensation expense and associated income tax benefits recognized under the Omnibus Plan are as follows (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Compensation expense
$
3.0

 
$
1.7

 
$
4.5

 
$
2.7

Income tax benefit
(1.2
)
 
(0.6
)
 
(1.8
)
 
(1.0
)
Total
$
1.8

 
$
1.1

 
$
2.7

 
$
1.7
XML 39 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The changes in the accumulated other comprehensive income (loss) balance by component (net of tax) for the six months ended June 30, 2017 are presented in the table below (in millions).
 
Pension and Other Post-Employment Benefits
 
Unrealized Losses on Hedging Instruments
 
Foreign Currency Items
 
Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2016
$
(14.6
)
 
$
—

 
$
(104.1
)
 
$
(118.7
)
Other comprehensive income (loss) before reclassification
(1.6
)
 
(0.5
)
 
8.7

 
6.6

Amounts reclassified from accumulated other comprehensive loss
0.5

 
—

 
—

 
0.5

Net current period other comprehensive income (loss)
(1.1
)
 
(0.5
)
 
8.7

 
7.1

Balance at June 30, 2017
$
(15.7
)
 
$
(0.5
)
 
$
(95.4
)
 
$
(111.6
)
Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive income (loss) to net income (loss) were as follows (in millions):
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Pension and other postretirement benefit plans
 
Statement of Operations Caption
 
2017
 
2016
 
2017
 
2016
Amortization of actuarial losses
 
Selling, general and administrative
 
$
0.5

 
$
0.4

 
$
0.9

 
$
0.9

Tax benefit
 
Income tax expense
 
(0.2
)
 
(0.2
)
 
(0.4
)
 
(0.4
)
Total reclassifications for the period
 
 
 
$
0.3

 
$
0.2

 
$
0.5

 
$
0.5
XML 40 R30.htm IDEA: XBRL DOCUMENT v3.7.0.1
Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Outstanding Interest Rate Swap Arrangement
The following table summarizes the outstanding interest rate swap arrangement as of June 30, 2017 (dollars in millions):
 
Aggregate Notional Amount
 
Receive Rate
 
Receive Rate as of June 30, 2017
 
Pay Rate
ABL Credit Facility
$
350.0

 
1 month LIBOR + 1.75%
 
3.0
%
 
3.5
%
Estimated Fair Value of Financial Instruments
The following table summarizes the estimated fair value of the Company's financial instruments (in millions).
 
Fair Value of Financial Instruments
 
Prepaid & Other Current Assets
 
Accrued Liabilities
 
June 30,
2017
 
December 31,
2016
 
June 30,
2017
 
December 31,
2016
Derivatives Designated as Hedging Instruments
 
 
 
 
 
 
 
Interest rate swap
$
—

 
$
—

 
$
1.0

 
$
—

Derivatives Not Designated as Hedging Instruments


 


 


 


Foreign currency forward contracts
$
—

 
$
0.1

 
$
—

 
$
—
Derivative Instruments, Gain (Loss)
The following table summarizes the gains and losses on derivative instruments for the periods indicated. Gains and losses recognized on foreign currency forward contracts and the effective portion of interest rate swaps are included in the condensed consolidated statements of operations together with the corresponding offsetting gains and losses on the underlying hedged transactions. All gains and losses recognized are included in "Selling, general and administrative" in the condensed consolidated statements of operations (in millions).
 
Gain (Loss) Recognized
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Derivatives Designated as Cash Flow Hedges
 
 
 
 
 
 
 
Interest rate swap - effective portion
$
—

 
$
—

 
$
—

 
$
—

Interest rate swap - ineffective portion
$
—

 
$
—

 
$
(0.1
)
 
$
—

Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
Foreign currency forward contracts
$
(0.4
)
 
$
(0.2
)
 
$
(3.6
)
 
$
(0.1
)
XML 41 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value of Debt
The fair value of debt is estimated based on quoted market rates as well as borrowing rates currently available to the Company for loans with similar terms and average maturities (Level 2 inputs) (in millions).
 
June 30, 2017
 
December 31, 2016
 
Nominal Unpaid Principal Balance
 
Aggregate Fair Value
 
Nominal Unpaid Principal Balance
 
Aggregate Fair Value
Debt
$
2,179.1

 
$
2,237.5

 
$
2,215.3

 
$
2,275.5
XML 42 R32.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted loss per share (in millions, except per share data).
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Basic and diluted loss per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net loss, basic and diluted
$
(27.6
)
 
$
(8.0
)
 
$
(66.8
)
 
$
(9.5
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average common shares
28.3

 
28.3

 
28.3

 
28.3

Stock options, RSUs and PSUs
—

 
—

 
—

 
—

Weighted average shares used to calculate diluted loss per share
28.3

 
28.3

 
28.3

 
28.3

Loss per share:
 
 
 
 
 
 
 
Basic
$
(0.98
)
 
$
(0.28
)
 
$
(2.36
)
 
$
(0.34
)
Diluted
$
(0.98
)
 
$
(0.28
)
 
$
(2.36
)
 
$
(0.34
)
Antidilutive stock options, RSUs and PSUs
0.9

 
0.2

 
0.8

 
0.2
XML 43 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Costs incurred and allocated by THC that were included in the condensed consolidated statements of operations are shown in the following table (in millions). As the Spin-Off occurred on June 30, 2016, no costs were allocated by THC during 2017.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2016
Direct operating
$
0.3

 
$
0.6

Selling, general and administrative
9.0

 
18.0

Total allocated expenses
$
9.3

 
$
18.6
XML 44 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
Background (Details)
 6 Months Ended
Jun. 30, 2017
company_operated_branch
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Company owned locations 275
XML 45 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
Basis of Presentation and Recently Issued Accounting Pronouncements - Correction of Errors (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Dec. 31, 2015
Error Corrections and Prior Period Adjustments Restatement [Line Items]            
Selling, general and administrative $ 78.8 $ 74.2 $ 160.0 $ 136.7    
Direct operating 168.9 159.2 338.0 317.9    
Restricted cash and cash equivalents 10.3   10.3   $ 7.0  
Net cash provided by investing activities     (99.8) (73.3)    
Cash and cash equivalents $ 12.0 55.1 $ 12.0 55.1 24.0 $ 24.7
Adjustments | Historical Mapping of Entities Related to Spin-Off            
Error Corrections and Prior Period Adjustments Restatement [Line Items]            
Selling, general and administrative   1.8   3.0    
Direct operating   (1.8)   (3.0)    
Restricted cash and cash equivalents         (12.4)  
Net cash provided by investing activities       (3.5)    
Cash and cash equivalents   $ 12.5   $ 12.5 $ 12.4 $ 9.0
XML 46 R36.htm IDEA: XBRL DOCUMENT v3.7.0.1
Revenue Earning Equipment - Revenue Earning Equipment Components (Details) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Property Subject to or Available for Operating Lease, Net [Abstract]    
Revenue earning equipment $ 3,782.2 $ 3,695.5
Less: Accumulated depreciation (1,333.2) (1,305.5)
Revenue earning equipment, net $ 2,449.0 $ 2,390.0
XML 47 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1
Revenue Earning Equipment - Narrative (Details)
$ in Millions
 3 Months Ended
Jun. 30, 2017
USD ($)
Property Subject to or Available for Operating Lease, Net [Abstract]  
Revenue earning equipment $ 3.8
Impairment of assets held for sale $ 3.1
XML 48 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
Intangible Asset Impairment - Narrative (Details)
$ in Millions
 3 Months Ended
Jun. 30, 2017
USD ($)
Computer Software, Intangible Asset  
Finite-Lived Intangible Assets [Line Items]  
Impairment of intangible assets $ 26.2
XML 49 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Debt - Schedule of Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Debt Instrument [Line Items]    
Unamortized Debt Issuance Costs $ (17.7) $ (21.0)
Total debt 2,161.4 2,194.3
Less: Current maturities of long-term debt (16.0) (15.7)
Long-term debt, net $ 2,145.4 2,178.6
2022 Notes | Senior Secured Second Priority Notes    
Debt Instrument [Line Items]    
Weighted Average Effective Interest Rate at June 30, 2017 7.88%  
Weighted Average Stated Interest Rate at June 30, 2017 7.50%  
Debt, gross $ 549.0 610.0
2024 Notes | Senior Secured Second Priority Notes    
Debt Instrument [Line Items]    
Weighted Average Effective Interest Rate at June 30, 2017 8.06%  
Weighted Average Stated Interest Rate at June 30, 2017 7.75%  
Debt, gross $ 562.5 625.0
ABL Credit Facility | Line of Credit | Senior Secured Revolving Credit Facility    
Debt Instrument [Line Items]    
Weighted Average Stated Interest Rate at June 30, 2017 2.95%  
Debt, gross $ 1,005.0 910.0
ABL Credit Facility | Line of Credit | Senior Secured Revolving Credit Facility | Other long-term assets    
Debt Instrument [Line Items]    
Unamortized debt issuance costs related to credit facility $ 15.2 17.1
Capital leases | Capital leases    
Debt Instrument [Line Items]    
Weighted Average Effective Interest Rate at June 30, 2017 4.00%  
Debt, gross $ 62.1 70.3
Other borrowings | Line of Credit    
Debt Instrument [Line Items]    
Weighted Average Stated Interest Rate at June 30, 2017 4.79%  
Debt, gross $ 0.5 $ 0.0
XML 50 R40.htm IDEA: XBRL DOCUMENT v3.7.0.1
Debt - Senior Secured Second Priority Notes (Details) - Senior Secured Second Priority Notes - USD ($)
Mar. 10, 2017
Jun. 30, 2016
Debt Instrument [Line Items]    
Loss on early extinguishment on debt $ 5,800,000  
Cash premium 3.00%  
Early extinguishment of debt cash premium $ 3,700,000  
Non-cash charge for write-off of unamortized deferred financing costs 2,100,000  
7.50% Senior Notes, Due 2022    
Debt Instrument [Line Items]    
Aggregate principal amount   $ 610,000,000
Stated rate   7.50%
Aggregate principal amount redeemed 61,000,000  
7.75% Senior Notes, Due 2024    
Debt Instrument [Line Items]    
Aggregate principal amount   $ 625,000,000
Stated rate   7.75%
Aggregate principal amount redeemed $ 62,500,000  
XML 51 R41.htm IDEA: XBRL DOCUMENT v3.7.0.1
Debt - ABL Credit Facility & Other Borrowings (Details) - Line of Credit
 6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
Jun. 30, 2016
USD ($)
ABL Credit Facility        
Line of Credit Facility [Line Items]        
Fixed charge coverage ratio (not less than) 1      
Letter of credit outstanding $ 0 $ 0    
ABL Credit Facility | Senior Secured Revolving Credit Facility        
Line of Credit Facility [Line Items]        
Maximum borrowing capacity       $ 1,750,000,000
Debt, gross 1,005,000,000 1,005,000,000 $ 910,000,000  
Maximum payment of dividends (not to exceed) 200,000,000      
Remaining Capacity 720,500,000 720,500,000    
Availability Under Borrowing Base Limitation 720,500,000 720,500,000    
ABL Credit Facility | Revolving Credit Facility        
Line of Credit Facility [Line Items]        
Maximum borrowing capacity       350,000,000
ABL Credit Facility | Letter of Credit        
Line of Credit Facility [Line Items]        
Maximum borrowing capacity       $ 250,000,000
Remaining Capacity 225,500,000 225,500,000    
Letter of credit outstanding 24,500,000 24,500,000    
Other borrowings        
Line of Credit Facility [Line Items]        
Maximum borrowing capacity 10,000,000.0 $ 10,000,000.0    
Line of credit facility, percentage ratio of interest rate to prevailing base lending rates   110.00%    
Debt, gross 500,000 $ 500,000 $ 0  
Remaining Capacity $ 9,500,000 $ 9,500,000    
XML 52 R42.htm IDEA: XBRL DOCUMENT v3.7.0.1
Employee Retirement Benefits - Net Periodic Pension Expense (Details) - Pension Benefits - U.S. - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Defined Benefit Plan Disclosure [Line Items]        
Transfer of assets     $ (4.0)  
Interest cost $ 1.5 $ 1.5 3.0 $ 3.1
Expected return on plan assets (1.5) (2.0) (3.1) (4.0)
Net amortizations of actuarial net loss 0.5 0.4 0.9 0.9
Net periodic pension cost (benefit) $ 0.5 $ (0.1) $ 0.8 $ 0.0
XML 53 R43.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Employee Stock Option        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Allocated stock-based compensation expense $ 0.1   $ 0.2  
Purchase price as a percentage of fair market value     85.00%  
Omnibus Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Allocated stock-based compensation expense 3.0 $ 1.7 $ 4.5 $ 2.7
Unrecognized compensation cost $ 21.5   $ 21.5  
Compensation cost not yet recognized, period for recognition     2 years 75 days  
Omnibus Plan | THC        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Allocated stock-based compensation expense   $ 1.4   $ 2.0
Omnibus Plan | RSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Grants (in shares) 39,227      
Vested (in shares) 27,800      
Omnibus Plan | RSUs | Tranche one        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vested percentage 100.00%      
Vesting period 1 year      
Omnibus Plan | RSUs | Tranche two        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vested percentage 100.00%      
Vesting period 3 years      
Omnibus Plan | PSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Grants (in shares) 4,510      
Weighted average grant date fair value (in USD per share) $ 37.46      
Vested percentage 100.00%      
Vesting period 3 years      
XML 54 R44.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation - Stock-Based Compensation Expense (Details) - Omnibus Plan - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]        
Compensation expense $ 3.0 $ 1.7 $ 4.5 $ 2.7
Income tax benefit (1.2) (0.6) (1.8) (1.0)
Total $ 1.8 $ 1.1 $ 2.7 $ 1.7
XML 55 R45.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2017
Income Tax Contingency [Line Items]          
Income tax expense (benefit) $ 22.2 $ (5.3) $ 37.3 $ (5.3)  
Forecast          
Income Tax Contingency [Line Items]          
Effective income tax rate reconciliation, percent         35.00%
XML 56 R46.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance     $ 317.7  
Total other comprehensive income (loss) $ 5.4 $ (2.8) 7.1 $ 19.6
Ending balance 258.8   258.8  
Pension and Other Post-Employment Benefits        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance     (14.6)  
Other comprehensive income (loss) before reclassification     (1.6)  
Amounts reclassified from accumulated other comprehensive loss     0.5  
Total other comprehensive income (loss)     (1.1)  
Ending balance (15.7)   (15.7)  
Unrealized Losses on Hedging Instruments        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance     0.0  
Other comprehensive income (loss) before reclassification     (0.5)  
Amounts reclassified from accumulated other comprehensive loss     0.0  
Total other comprehensive income (loss)     (0.5)  
Ending balance (0.5)   (0.5)  
Foreign Currency Items        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance     (104.1)  
Other comprehensive income (loss) before reclassification     8.7  
Amounts reclassified from accumulated other comprehensive loss     0.0  
Total other comprehensive income (loss)     8.7  
Ending balance (95.4)   (95.4)  
Accumulated Other Comprehensive Income (Loss)        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance     (118.7)  
Other comprehensive income (loss) before reclassification     6.6  
Amounts reclassified from accumulated other comprehensive loss     0.5  
Total other comprehensive income (loss)     7.1  
Ending balance $ (111.6)   $ (111.6)  
XML 57 R47.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Income (Loss) - Reclassification out of AOCI (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Pension and Other Post-Employment Benefits        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Tax benefit $ (0.2) $ (0.2) $ (0.4) $ (0.4)
Total reclassifications for the period 0.3 0.2 0.5 0.5
Amortization of actuarial (gain) losses        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Selling, general and administrative $ 0.5 $ 0.4 $ 0.9 $ 0.9
XML 58 R48.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2017
Dec. 31, 2016
Loss Contingencies [Line Items]    
Accrual for environmental liabilities $ 0.1 $ 0.2
New Hertz    
Loss Contingencies [Line Items]    
Portion of shared liabilities 15.00%  
XML 59 R49.htm IDEA: XBRL DOCUMENT v3.7.0.1
Financial Instruments - Summary of Outstanding Interest Rate Swap Agreement (Details) - Interest rate swap - Cash Flow Hedge
$ in Millions
 6 Months Ended
Jun. 30, 2017
USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Derivative contract term 3 years
Aggregate Notional Amount $ 350.0
LIBOR  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Spread on receive rate 1.75%
Receive Rate as of June 30, 2017 2.96%
Pay Rate 3.50%
XML 60 R50.htm IDEA: XBRL DOCUMENT v3.7.0.1
Financial Instruments - Estimated Fair Value of Financial Instruments (Details) - Fair Value, Measurements, Recurring - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Prepaid Expenses and Other Assets | Derivatives Designated as Hedging Instruments | Interest rate swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset Derivatives $ 0.0 $ 0.0
Prepaid Expenses and Other Assets | Derivatives Not Designated as Hedging Instruments | Foreign currency forward contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset Derivatives 0.0 0.1
Accrued Liabilities | Derivatives Designated as Hedging Instruments | Interest rate swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liability Derivatives 1.0 0.0
Accrued Liabilities | Derivatives Not Designated as Hedging Instruments | Foreign currency forward contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liability Derivatives $ 0.0 $ 0.0
XML 61 R51.htm IDEA: XBRL DOCUMENT v3.7.0.1
Financial Instruments - Gains (Losses) on Derivative Instruments (Details) - Selling, General and Administrative Expenses - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest rate swap        
Derivative Instruments, Gain (Loss) [Line Items]        
Loss on effective portion of cash flow hedge $ 0.0 $ 0.0 $ 0.0 $ 0.0
Loss on ineffective portion of cash flow hedge 0.0 0.0 (0.1) 0.0
Foreign currency forward contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Loss on cash flow hedge $ (0.4) $ (0.2) $ (3.6) $ (0.1)
XML 62 R52.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value Measurements (Details) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Fair Value, Measurements, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents and investments $ 0 $ 0
Carrying value    
Fair Value of Financial Instruments [Abstract]    
Debt 2,179,100,000 2,215,300,000
Fair Value | Level 2    
Fair Value of Financial Instruments [Abstract]    
Debt $ 2,237,500,000 $ 2,275,500,000
XML 63 R53.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings (Loss) per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Numerator:        
Net loss, basic and diluted $ (27.6) $ (8.0) $ (66.8) $ (9.5)
Denominator:        
Basic weighted average common shares (in shares) 28.3 28.3 28.3 28.3
Stock options, RSUs and PSUs (in shares) 0.0 0.0 0.0 0.0
Weighted average shares used to calculate diluted earnings per share (in shares) 28.3 28.3 28.3 28.3
Loss per share:        
Basic (in USD per share) $ (0.98) $ (0.28) $ (2.36) $ (0.34)
Diluted (in USD per share) $ (0.98) $ (0.28) $ (2.36) $ (0.34)
Antidilutive stock options, RSUs and PSUs        
Loss per share:        
Antidilutive stock options, RSUs and PSUs (in shares) 0.9 0.2 0.8 0.2
XML 64 R54.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions - Costs Incurred and Allocated (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Related Party Transaction [Line Items]        
Direct operating $ 168.9 $ 159.2 $ 338.0 $ 317.9
Selling, general and administrative $ 78.8 74.2 $ 160.0 136.7
THC        
Related Party Transaction [Line Items]        
Direct operating   0.3   0.6
Selling, general and administrative   9.0   18.0
Total allocated expenses   $ 9.3   $ 18.6
XML 65 R55.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions - Agreements with Carl Icahn (Details) - Nomination and Standstill Agreement - Icahn Group - shares
 6 Months Ended
Sep. 17, 2014
Jun. 30, 2017
Related Party Transaction [Line Items]    
Ownership percentage limit (more than) 20.00%  
Net long position shares held, tranche one (at least) (in shares)   1,900,000
XML 66 R56.htm IDEA: XBRL DOCUMENT v3.7.0.1
Arrangements With New Hertz Arrangements With New Hertz (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2017
Related Party Transaction [Line Items]    
Transition Services Agreement period (up to)   2 years
Transition Services Agreement | New Hertz    
Related Party Transaction [Line Items]    
Incurred expenses $ 4.9 $ 10.1
XML 67 R57.htm IDEA: XBRL DOCUMENT v3.7.0.1
Subsequent Event - Narrative (Details) - Subsequent Event
$ in Millions
Aug. 08, 2017
USD ($)
property
period
Subsequent Event [Line Items]  
Sale leaseback transaction, number of properties | property 44
Sale leaseback transaction, gross proceeds | $ $ 123.5
Sale leaseback transaction, lease term (in years) 20 years
Sale leaseback transaction, number of additional periods | period 5
Sale lleaseback transaction, length of each additional period (in years) 5 years
EXCEL 68 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 70 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 72 FilingSummary.xml IDEA: XBRL DOCUMENT 3.7.0.1 html 125 236 1 false 52 0 false 7 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://www.hertzequip.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1001000 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS Sheet http://www.hertzequip.com/role/CondensedConsolidatedBalanceSheets CONDENSED CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 1001501 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.hertzequip.com/role/CondensedConsolidatedBalanceSheetsParenthetical CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 1002000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Sheet http://www.hertzequip.com/role/CondensedConsolidatedStatementsOfOperationsUnaudited CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Statements 4 false false R5.htm 1003000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) Sheet http://www.hertzequip.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeLossUnaudited CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) Statements 5 false false R6.htm 1005000 - Statement - CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited) Sheet http://www.hertzequip.com/role/CondensedConsolidatedStatementOfChangesInEquityUnaudited CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited) Statements 6 false false R7.htm 1006000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Sheet http://www.hertzequip.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Statements 7 false false R8.htm 2101100 - Disclosure - Background Sheet http://www.hertzequip.com/role/Background Background Notes 8 false false R9.htm 2102100 - Disclosure - Basis of Presentation and Recently Issued Accounting Pronouncements Sheet http://www.hertzequip.com/role/BasisOfPresentationAndRecentlyIssuedAccountingPronouncements Basis of Presentation and Recently Issued Accounting Pronouncements Notes 9 false false R10.htm 2103100 - Disclosure - Revenue Earning Equipment Sheet http://www.hertzequip.com/role/RevenueEarningEquipment Revenue Earning Equipment Notes 10 false false R11.htm 2104100 - Disclosure - Intangible Asset Impairment Sheet http://www.hertzequip.com/role/IntangibleAssetImpairment Intangible Asset Impairment Notes 11 false false R12.htm 2105100 - Disclosure - Debt Sheet http://www.hertzequip.com/role/Debt Debt Notes 12 false false R13.htm 2106100 - Disclosure - Employee Retirement Benefits Sheet http://www.hertzequip.com/role/EmployeeRetirementBenefits Employee Retirement Benefits Notes 13 false false R14.htm 2107100 - Disclosure - Stock-Based Compensation Sheet http://www.hertzequip.com/role/StockBasedCompensation Stock-Based Compensation Notes 14 false false R15.htm 2108100 - Disclosure - Income Taxes Sheet http://www.hertzequip.com/role/IncomeTaxes Income Taxes Notes 15 false false R16.htm 2109100 - Disclosure - Accumulated Other Comprehensive Income (Loss) Sheet http://www.hertzequip.com/role/AccumulatedOtherComprehensiveIncomeLoss Accumulated Other Comprehensive Income (Loss) Notes 16 false false R17.htm 2110100 - Disclosure - Commitments and Contingencies Sheet http://www.hertzequip.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 17 false false R18.htm 2111100 - Disclosure - Financial Instruments Sheet http://www.hertzequip.com/role/FinancialInstruments Financial Instruments Notes 18 false false R19.htm 2113100 - Disclosure - Fair Value Measurements Sheet http://www.hertzequip.com/role/FairValueMeasurements Fair Value Measurements Notes 19 false false R20.htm 2114100 - Disclosure - Earnings (Loss) Per Share Sheet http://www.hertzequip.com/role/EarningsLossPerShare Earnings (Loss) Per Share Notes 20 false false R21.htm 2115100 - Disclosure - Related Party Transactions Sheet http://www.hertzequip.com/role/RelatedPartyTransactions Related Party Transactions Notes 21 false false R22.htm 2116100 - Disclosure - Arrangements With New Hertz Sheet http://www.hertzequip.com/role/ArrangementsWithNewHertz Arrangements With New Hertz Notes 22 false false R23.htm 2117100 - Disclosure - Subsequent Event Sheet http://www.hertzequip.com/role/SubsequentEvent Subsequent Event Notes 23 false false R24.htm 2202201 - Disclosure - Basis of Presentation and Recently Issued Accounting Pronouncements (Policies) Sheet http://www.hertzequip.com/role/BasisOfPresentationAndRecentlyIssuedAccountingPronouncementsPolicies Basis of Presentation and Recently Issued Accounting Pronouncements (Policies) Policies http://www.hertzequip.com/role/BasisOfPresentationAndRecentlyIssuedAccountingPronouncements 24 false false R25.htm 2303301 - Disclosure - Revenue Earning Equipment (Tables) Sheet http://www.hertzequip.com/role/RevenueEarningEquipmentTables Revenue Earning Equipment (Tables) Tables http://www.hertzequip.com/role/RevenueEarningEquipment 25 false false R26.htm 2305301 - Disclosure - Debt (Tables) Sheet http://www.hertzequip.com/role/DebtTables Debt (Tables) Tables http://www.hertzequip.com/role/Debt 26 false false R27.htm 2306301 - Disclosure - Employee Retirement Benefits (Tables) Sheet http://www.hertzequip.com/role/EmployeeRetirementBenefitsTables Employee Retirement Benefits (Tables) Tables http://www.hertzequip.com/role/EmployeeRetirementBenefits 27 false false R28.htm 2307301 - Disclosure - Stock-Based Compensation (Tables) Sheet http://www.hertzequip.com/role/StockBasedCompensationTables Stock-Based Compensation (Tables) Tables http://www.hertzequip.com/role/StockBasedCompensation 28 false false R29.htm 2309301 - Disclosure - Accumulated Other Comprehensive Income (Loss) (Tables) Sheet http://www.hertzequip.com/role/AccumulatedOtherComprehensiveIncomeLossTables Accumulated Other Comprehensive Income (Loss) (Tables) Tables http://www.hertzequip.com/role/AccumulatedOtherComprehensiveIncomeLoss 29 false false R30.htm 2311301 - Disclosure - Financial Instruments (Tables) Sheet http://www.hertzequip.com/role/FinancialInstrumentsTables Financial Instruments (Tables) Tables http://www.hertzequip.com/role/FinancialInstruments 30 false false R31.htm 2313301 - Disclosure - Fair Value Measurements (Tables) Sheet http://www.hertzequip.com/role/FairValueMeasurementsTables Fair Value Measurements (Tables) Tables http://www.hertzequip.com/role/FairValueMeasurements 31 false false R32.htm 2314301 - Disclosure - Earnings (Loss) Per Share (Tables) Sheet http://www.hertzequip.com/role/EarningsLossPerShareTables Earnings (Loss) Per Share (Tables) Tables http://www.hertzequip.com/role/EarningsLossPerShare 32 false false R33.htm 2315301 - Disclosure - Related Party Transactions (Tables) Sheet http://www.hertzequip.com/role/RelatedPartyTransactionsTables Related Party Transactions (Tables) Tables http://www.hertzequip.com/role/RelatedPartyTransactions 33 false false R34.htm 2401401 - Disclosure - Background (Details) Sheet http://www.hertzequip.com/role/BackgroundDetails Background (Details) Details http://www.hertzequip.com/role/Background 34 false false R35.htm 2402402 - Disclosure - Basis of Presentation and Recently Issued Accounting Pronouncements - Correction of Errors (Details) Sheet http://www.hertzequip.com/role/BasisOfPresentationAndRecentlyIssuedAccountingPronouncementsCorrectionOfErrorsDetails Basis of Presentation and Recently Issued Accounting Pronouncements - Correction of Errors (Details) Details 35 false false R36.htm 2403402 - Disclosure - Revenue Earning Equipment - Revenue Earning Equipment Components (Details) Sheet http://www.hertzequip.com/role/RevenueEarningEquipmentRevenueEarningEquipmentComponentsDetails Revenue Earning Equipment - Revenue Earning Equipment Components (Details) Details 36 false false R37.htm 2403403 - Disclosure - Revenue Earning Equipment - Narrative (Details) Sheet http://www.hertzequip.com/role/RevenueEarningEquipmentNarrativeDetails Revenue Earning Equipment - Narrative (Details) Details 37 false false R38.htm 2404402 - Disclosure - Intangible Asset Impairment - Narrative (Details) Sheet http://www.hertzequip.com/role/IntangibleAssetImpairmentNarrativeDetails Intangible Asset Impairment - Narrative (Details) Details 38 false false R39.htm 2405402 - Disclosure - Debt - Schedule of Debt (Details) Sheet http://www.hertzequip.com/role/DebtScheduleOfDebtDetails Debt - Schedule of Debt (Details) Details 39 false false R40.htm 2405403 - Disclosure - Debt - Senior Secured Second Priority Notes (Details) Notes http://www.hertzequip.com/role/DebtSeniorSecuredSecondPriorityNotesDetails Debt - Senior Secured Second Priority Notes (Details) Details 40 false false R41.htm 2405404 - Disclosure - Debt - ABL Credit Facility & Other Borrowings (Details) Sheet http://www.hertzequip.com/role/DebtAblCreditFacilityOtherBorrowingsDetails Debt - ABL Credit Facility & Other Borrowings (Details) Details 41 false false R42.htm 2406402 - Disclosure - Employee Retirement Benefits - Net Periodic Pension Expense (Details) Sheet http://www.hertzequip.com/role/EmployeeRetirementBenefitsNetPeriodicPensionExpenseDetails Employee Retirement Benefits - Net Periodic Pension Expense (Details) Details 42 false false R43.htm 2407402 - Disclosure - Stock-Based Compensation - Narrative (Details) Sheet http://www.hertzequip.com/role/StockBasedCompensationNarrativeDetails Stock-Based Compensation - Narrative (Details) Details 43 false false R44.htm 2407403 - Disclosure - Stock-Based Compensation - Stock-Based Compensation Expense (Details) Sheet http://www.hertzequip.com/role/StockBasedCompensationStockBasedCompensationExpenseDetails Stock-Based Compensation - Stock-Based Compensation Expense (Details) Details 44 false false R45.htm 2408401 - Disclosure - Income Taxes (Details) Sheet http://www.hertzequip.com/role/IncomeTaxesDetails Income Taxes (Details) Details http://www.hertzequip.com/role/IncomeTaxes 45 false false R46.htm 2409402 - Disclosure - Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Details) Sheet http://www.hertzequip.com/role/AccumulatedOtherComprehensiveIncomeLossChangesInAociDetails Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Details) Details http://www.hertzequip.com/role/AccumulatedOtherComprehensiveIncomeLossTables 46 false false R47.htm 2409403 - Disclosure - Accumulated Other Comprehensive Income (Loss) - Reclassification out of AOCI (Details) Sheet http://www.hertzequip.com/role/AccumulatedOtherComprehensiveIncomeLossReclassificationOutOfAociDetails Accumulated Other Comprehensive Income (Loss) - Reclassification out of AOCI (Details) Details http://www.hertzequip.com/role/AccumulatedOtherComprehensiveIncomeLossTables 47 false false R48.htm 2410401 - Disclosure - Commitments and Contingencies (Details) Sheet http://www.hertzequip.com/role/CommitmentsAndContingenciesDetails Commitments and Contingencies (Details) Details http://www.hertzequip.com/role/CommitmentsAndContingencies 48 false false R49.htm 2411402 - Disclosure - Financial Instruments - Summary of Outstanding Interest Rate Swap Agreement (Details) Sheet http://www.hertzequip.com/role/FinancialInstrumentsSummaryOfOutstandingInterestRateSwapAgreementDetails Financial Instruments - Summary of Outstanding Interest Rate Swap Agreement (Details) Details 49 false false R50.htm 2411403 - Disclosure - Financial Instruments - Estimated Fair Value of Financial Instruments (Details) Sheet http://www.hertzequip.com/role/FinancialInstrumentsEstimatedFairValueOfFinancialInstrumentsDetails Financial Instruments - Estimated Fair Value of Financial Instruments (Details) Details 50 false false R51.htm 2411404 - Disclosure - Financial Instruments - Gains (Losses) on Derivative Instruments (Details) Sheet http://www.hertzequip.com/role/FinancialInstrumentsGainsLossesOnDerivativeInstrumentsDetails Financial Instruments - Gains (Losses) on Derivative Instruments (Details) Details 51 false false R52.htm 2413402 - Disclosure - Fair Value Measurements (Details) Sheet http://www.hertzequip.com/role/FairValueMeasurementsDetails Fair Value Measurements (Details) Details http://www.hertzequip.com/role/FairValueMeasurementsTables 52 false false R53.htm 2414403 - Disclosure - Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings (Loss) per Share (Details) Sheet http://www.hertzequip.com/role/EarningsLossPerShareComputationOfBasicAndDilutedEarningsLossPerShareDetails Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings (Loss) per Share (Details) Details http://www.hertzequip.com/role/EarningsLossPerShareTables 53 false false R54.htm 2415402 - Disclosure - Related Party Transactions - Costs Incurred and Allocated (Details) Sheet http://www.hertzequip.com/role/RelatedPartyTransactionsCostsIncurredAndAllocatedDetails Related Party Transactions - Costs Incurred and Allocated (Details) Details 54 false false R55.htm 2415403 - Disclosure - Related Party Transactions - Agreements with Carl Icahn (Details) Sheet http://www.hertzequip.com/role/RelatedPartyTransactionsAgreementsWithCarlIcahnDetails Related Party Transactions - Agreements with Carl Icahn (Details) Details 55 false false R56.htm 2416401 - Disclosure - Arrangements With New Hertz Arrangements With New Hertz (Details) Sheet http://www.hertzequip.com/role/ArrangementsWithNewHertzArrangementsWithNewHertzDetails Arrangements With New Hertz Arrangements With New Hertz (Details) Details 56 false false R57.htm 2417401 - Disclosure - Subsequent Event - Narrative (Details) Sheet http://www.hertzequip.com/role/SubsequentEventNarrativeDetails Subsequent Event - Narrative (Details) Details 57 false false All Reports Book All Reports hri-20170630.xml hri-20170630.xsd hri-20170630_cal.xml hri-20170630_def.xml hri-20170630_lab.xml hri-20170630_pre.xml true true ZIP 74 0001364479-17-000031-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001364479-17-000031-xbrl.zip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