2011 Q4 Form 10-K Financial Statement

#000144530513000446 Filed on March 04, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $2.014B $2.432B $2.072B
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $197.6M $195.6M
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $197.6M $195.6M
YoY Change
Operating Profit
YoY Change
Interest Expense $169.3M $165.8M
YoY Change
% of Operating Profit
Other Income/Expense, Net -$29.00K -$10.80M
YoY Change
Pretax Income $92.80M $295.7M $94.60M
YoY Change
Income Tax $83.18M $34.56M
% Of Pretax Income 28.13% 36.53%
Net Earnings $212.5M $60.09M
YoY Change
Net Earnings / Revenue 8.74% 2.9%
Basic Earnings Per Share $0.11 $0.50 $0.13
Diluted Earnings Per Share $0.11 $0.47 $0.12
COMMON SHARES
Basic Shares Outstanding 416.6M shares 415.9M shares
Diluted Shares Outstanding 440.9M shares 451.8M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $919.0M $385.8M $747.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $83.98M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.252B
YoY Change
Goodwill $392.1M
YoY Change 19.32%
Intangibles $2.562B
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $17.67B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $15.44B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$947.1M
YoY Change -16.02%
Common Stock $3.210B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.235B
YoY Change
Total Liabilities & Shareholders Equity $17.67B
YoY Change

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income $212.5M $60.09M
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2011Q4 us-gaap Earnings Per Share Basic
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CY2010 us-gaap Earnings Per Share Diluted
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CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2012Q3 us-gaap Earnings Per Share Diluted
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CY2012Q2 us-gaap Earnings Per Share Diluted
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0.21
CY2012Q1 us-gaap Earnings Per Share Diluted
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-0.13
CY2011Q4 us-gaap Earnings Per Share Diluted
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0.11
CY2011Q1 us-gaap Earnings Per Share Diluted
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-0.32
CY2011Q3 us-gaap Earnings Per Share Diluted
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0.47
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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3838000 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
5739000 USD
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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-10337000 USD
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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0.460
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
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-1.138
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.396
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2010 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-1.877
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.088
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.007
CY2010 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.112
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.011
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.007
CY2010 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.709
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.035
CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.038
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.025
CY2010 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.529
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.014
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0.032
CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.040
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.039
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.131
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.010
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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-0.007
CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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-0.248
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y4M26D
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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38000000 USD
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14200000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11700000 USD
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
12000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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467800000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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393300000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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120500000 USD
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51800000 USD
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64800000 USD
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113700000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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116100000 USD
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1154300000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Gross
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747300000 USD
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686500000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Net
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354000000 USD
CY2010 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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0 USD
CY2011 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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26641000 USD
CY2012 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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CY2011 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
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0 USD
CY2012 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
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0 USD
CY2010 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
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CY2011 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
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112200000 USD
CY2010 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
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-42900000 USD
CY2012 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
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96800000 USD
CY2010 us-gaap Gain Loss On Sale Of Property Plant Equipment
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5740000 USD
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
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8309000 USD
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
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43520000 USD
CY2011Q4 us-gaap Goodwill
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392094000 USD
CY2012Q4 us-gaap Goodwill
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CY2010Q4 us-gaap Goodwill
Goodwill
328600000 USD
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65400000 USD
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
966900000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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138000000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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113500000 USD
CY2011Q4 us-gaap Goodwill Gross
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1113100000 USD
CY2010Q4 us-gaap Goodwill Gross
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1049600000 USD
CY2012Q4 us-gaap Goodwill Gross
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2062900000 USD
CY2010Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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721000000 USD
CY2011Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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721000000 USD
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721000000 USD
CY2011 us-gaap Goodwill Period Increase Decrease
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63500000 USD
CY2012 us-gaap Goodwill Period Increase Decrease
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949800000 USD
CY2011 us-gaap Goodwill Purchase Accounting Adjustments
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CY2012 us-gaap Goodwill Purchase Accounting Adjustments
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CY2011 us-gaap Goodwill Translation Adjustments
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-900000 USD
CY2012 us-gaap Goodwill Translation Adjustments
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-1800000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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355300000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-128100000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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186300000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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95200000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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324270000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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450545000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-14636000 USD
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158700000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-36800000 USD
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368900000 USD
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-40300000 USD
CY2011Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-158900000 USD
CY2011Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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92800000 USD
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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94600000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
295700000 USD
CY2012 us-gaap Income Tax Effects Allocated Directly To Equity Employee Stock Options
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888000 USD
CY2010 us-gaap Income Tax Effects Allocated Directly To Equity Employee Stock Options
IncomeTaxEffectsAllocatedDirectlyToEquityEmployeeStockOptions
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CY2011 us-gaap Income Tax Effects Allocated Directly To Equity Employee Stock Options
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474000 USD
CY2011 us-gaap Income Tax Expense Benefit
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128540000 USD
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16662000 USD
CY2012 us-gaap Income Tax Expense Benefit
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207466000 USD
CY2012 us-gaap Income Taxes Paid
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71661000 USD
CY2010 us-gaap Income Taxes Paid
IncomeTaxesPaid
50688000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
49557000 USD
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-1139000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
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49896000 USD
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119054000 USD
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79851000 USD
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7459000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
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157732000 USD
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
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15177000 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
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2801000 USD
CY2010 us-gaap Increase Decrease In Accrued Income Taxes Payable
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272000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
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-22554000 USD
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-144048000 USD
CY2010 us-gaap Increase Decrease In Accrued Liabilities
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-53445000 USD
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-160516000 USD
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261605000 USD
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101766000 USD
CY2011 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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21400000 shares
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23300000 shares
CY2010 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000000 shares
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7500000 shares
CY2010 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2012Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2011Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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2208200000 USD
CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
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2562234000 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
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4032111000 USD
CY2010 us-gaap Interest Expense
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773427000 USD
CY2011 us-gaap Interest Expense
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699718000 USD
CY2012 us-gaap Interest Expense
InterestExpense
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CY2012 us-gaap Interest Paid Net
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560027000 USD
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83978000 USD
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12315000 USD
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
5551000 USD
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
4902000 USD
CY2010 us-gaap Lease And Rental Expense
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78200000 USD
CY2011 us-gaap Lease And Rental Expense
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96100000 USD
CY2012 us-gaap Lease And Rental Expense
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79800000 USD
CY2012Q4 us-gaap Liabilities
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20778733000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
15438852000 USD
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533044000 USD
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23286038000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
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17673527000 USD
CY2011 us-gaap Line Of Credit Facility Increase Decrease For Period Net
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57329000 USD
CY2010 us-gaap Line Of Credit Facility Increase Decrease For Period Net
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-1026070000 USD
CY2012 us-gaap Line Of Credit Facility Increase Decrease For Period Net
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-1273164000 USD
CY2012Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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1950000000 USD
CY2012Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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2267200000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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5752500000 USD
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6218800000 USD
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219200000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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267100000 USD
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1894100000 USD
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1122100000 USD
CY2011Q4 us-gaap Machinery And Equipment Gross
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1050915000 USD
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1261049000 USD
CY2011Q4 us-gaap Minority Interest
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19000 USD
CY2012Q4 us-gaap Minority Interest
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19000 USD
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28230000 USD
CY2011Q4 us-gaap Minority Interest Ownership Percentage By Parent
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CY2011Q4 us-gaap Minority Interest Ownership Percentage By Parent
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1
CY2012Q4 us-gaap Multiemployer Plans Withdrawal Obligation
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23000000 USD
CY2012 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Background</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Hertz Global Holdings, Inc., or &#8220;Hertz Holdings,&#8221; is our top-level holding company. The Hertz Corporation, or &#8220;Hertz,&#8221; is our primary operating company and a direct wholly owned subsidiary of Hertz Investors, Inc., which is wholly owned by Hertz Holdings. &#8220;We,&#8221; &#8220;us&#8221; and &#8220;our&#8221; mean Hertz Holdings and its consolidated subsidiaries, including Hertz and Dollar Thrifty Automotive Group, Inc., or "Dollar Thrifty." </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We are a successor to corporations that have been engaged in the car and truck rental and leasing business since 1918 and the equipment rental business since 1965. Hertz Holdings was incorporated in Delaware in 2005 to serve as the top-level holding company for the consolidated Hertz business. Hertz was incorporated in Delaware in 1967. Ford Motor Company acquired an ownership interest in Hertz in 1987. Prior to this, Hertz was a subsidiary of United Continental Holdings, Inc. (formerly Allegis Corporation), which acquired Hertz's outstanding capital stock from RCA Corporation in 1985.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On December&#160;21, 2005, investment funds associated with or designated by:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;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:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</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:Arial;font-size:10pt;">Clayton, Dubilier &amp; Rice, Inc., which was succeeded by Clayton, Dubilier &amp; Rice, LLC, or &#8220;CD&amp;R,&#8221;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;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:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</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:Arial;font-size:10pt;">The Carlyle Group, or &#8220;Carlyle,&#8221; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;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:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</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:Arial;font-size:10pt;">Merrill Lynch &amp; Co., Inc., or "Merrill Lynch,"</font></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">or collectively the &#8220;Sponsors,&#8221; acquired all of Hertz's common stock from Ford Holdings&#160;LLC. We refer to the acquisition of all of Hertz's common stock by the Sponsors as the &#8220;Acquisition.&#8221;</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In January 2009, Bank of America Corporation, or &#8220;Bank of America,&#8221; acquired Merrill Lynch. Accordingly, Bank of America is now an indirect beneficial owner of our common stock held by Merrill Lynch and certain other investment funds and affiliates of Merrill Lynch.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On September 1, 2011, Hertz completed the acquisition of Donlen Corporation, or "Donlen," a leading provider of fleet leasing and management services. See Note 4&#8212;Business Combinations and Divestitures.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In December 2011, Hertz purchased the noncontrolling interest of Navigation Solutions, L.L.C., thereby increasing its ownership interest from </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">65%</font><font style="font-family:Arial;font-size:10pt;"> to </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On November 19, 2012, Hertz completed the acquisition of Dollar Thrifty Automotive Group, Inc., or "Dollar Thrifty," a car and truck rental and leasing business. See Note 4&#8212;Business Combinations and Divestitures.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On December 12, 2012, Hertz completed the sale of Simply Wheelz LLC, a wholly owned subsidiary of Hertz that operated our Advantage Rent A Car business. See Note 4&#8212;Business Combinations and Divestitures.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In December 2012, the Sponsors sold </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">50,000,000</font><font style="font-family:Arial;font-size:10pt;"> shares of their Hertz Holdings common stock to J.P. Morgan as the sole underwriter in the registered public offering of those shares.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">As a result of our initial public offering in November 2006 and subsequent offerings in June 2007, May 2009, June 2009, March 2011 and December 2012, the Sponsors reduced their holdings to approximately </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">26%</font><font style="font-family:Arial;font-size:10pt;"> of the outstanding shares of common stock of Hertz Holdings.</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Certain prior period amounts have been reclassified to conform with current year presentation.</font></div></div>
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28164000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovements
1288833000 USD
CY2011Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovements
1146112000 USD
CY2011 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3649315000 USD
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
952147000 USD
CY2010 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2954233000 USD
CY2011 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
1194056000 USD
CY2012 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
1280143000 USD
CY2010 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
970949000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
571634000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
308039000 USD
us-gaap Restructuring And Related Cost Cost Incurred To Date
RestructuringAndRelatedCostCostIncurredToDate
568400000 USD
CY2011 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
56400000 USD
CY2012 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
38000000 USD
CY2012Q1 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
650 employee
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
8960 employee
CY2011 us-gaap Restructuring Charges
RestructuringCharges
56400000 USD
CY2010 us-gaap Restructuring Charges
RestructuringCharges
54700000 USD
CY2012 us-gaap Restructuring Charges
RestructuringCharges
38000000 USD
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
21000000 USD
CY2011Q4 us-gaap Restructuring Reserve
RestructuringReserve
21600000 USD
CY2010Q4 us-gaap Restructuring Reserve
RestructuringReserve
17500000 USD
CY2011 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
-33900000 USD
CY2012 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
-11800000 USD
CY2011 us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
18400000 USD
CY2012 us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
26800000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-947064000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-703985000 USD
CY2012 us-gaap Revenue Recognition Services Franchise Fees
RevenueRecognitionServicesFranchiseFees
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Franchise Revenues and Transactions</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;Franchise revenues&#8221; includes franchise fees for use of our brands and services. Generally franchise fees from franchised locations are based on a percentage of net sales of the franchised business and are recognized as earned and when collectability is reasonably assured.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Initial franchise fees are recorded as deferred income when received and are recognized as revenue when all material services and conditions related to the franchise fee have been substantially performed. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Renewal franchise fees are recognized as revenue when the license agreements are effective and collectability is reasonably assured. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Other (income) expense, net includes the gains or losses from the sales of our operations or assets to new and existing franchisees. Such gains or losses are included in operating income because they are expected to be a recurring part of our business.</font></div></div>
CY2012 us-gaap Revenues
Revenues
9020807000 USD
CY2011 us-gaap Revenues
Revenues
8298380000 USD
CY2010 us-gaap Revenues
Revenues
7562534000 USD
CY2012Q3 us-gaap Revenues
Revenues
2516200000 USD
CY2012Q2 us-gaap Revenues
Revenues
2225100000 USD
CY2012Q4 us-gaap Revenues
Revenues
2318600000 USD
CY2012Q1 us-gaap Revenues
Revenues
1960900000 USD
CY2011Q2 us-gaap Revenues
Revenues
2072300000 USD
CY2011Q4 us-gaap Revenues
Revenues
2013800000 USD
CY2011Q3 us-gaap Revenues
Revenues
2432300000 USD
CY2011Q1 us-gaap Revenues
Revenues
1780000000 USD
CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2085206000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2118451000 USD
CY2010 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
664512000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
945784000 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
745278000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
36560000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
31093000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
30255000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2008Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
32700000 shares
CY2012Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0210
CY2012Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
6800000 USD
CY2012 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
5030000 USD
CY2010 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3774000 USD
CY2011 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
4208000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11220000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
12584000 USD
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7635000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
2507286000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
2234656000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2234675000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2507305000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
25600000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
27200000 USD
CY2011Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
125803000 USD
CY2012Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
118610000 USD
CY2012Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
270300000 USD
CY2011 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
7990000 USD
CY2010 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-10810000 USD
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-4326000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
21600000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17200000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
4200000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3700000 USD
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
600000 USD
CY2010 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
200000 USD
CY2011 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1900000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3900000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2400000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1300000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
-9500000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
300000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
-6800000 USD
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates and Assumptions</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, or </font><font style="font-family:inherit;font-size:10pt;">&#8220;</font><font style="font-family:Arial;font-size:10pt;">GAAP,</font><font style="font-family:inherit;font-size:10pt;">&#8221;</font><font style="font-family:Arial;font-size:10pt;"> 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%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Significant estimates inherent in the preparation of the consolidated financial statements include depreciation of revenue earning equipment, reserves for litigation and other contingencies, accounting for income taxes and related uncertain tax positions, pension and postretirement benefit costs, the fair value of assets and liabilities acquired in business combinations, the recoverability of long-lived assets, useful lives and impairment of long-lived tangible and intangible assets including goodwill, valuation of stock based compensation, public liability and property damage reserves, reserves for restructuring, allowance for doubtful accounts, and fair value of derivatives, among others</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2011Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
456300000 USD
CY2012Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
440800000 USD
CY2011Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
455800000 USD
CY2012Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
440300000 USD
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
444778000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
448209000 shares
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
411941000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
415882000 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
411941000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
419944000 shares
CY2012Q4 htz Accumulated Depreciation Other Equipment
AccumulatedDepreciationOtherEquipment
1041861000 USD
CY2011Q4 htz Accumulated Depreciation Other Equipment
AccumulatedDepreciationOtherEquipment
1043520000 USD
CY2011 htz Cash And Cash Equivalents Maximum Maturity Period
CashAndCashEquivalentsMaximumMaturityPeriod
P3M
CY2012Q4 htz Common Stock Shares Sold By Investors Group To Underwriter
CommonStockSharesSoldByInvestorsGroupToUnderwriter
50000000 shares
CY2011 htz Cost And Expenses Including Interest Expense
CostAndExpensesIncludingInterestExpense
7974110000 USD
CY2010 htz Cost And Expenses Including Interest Expense
CostAndExpensesIncludingInterestExpense
7577170000 USD
CY2012 htz Cost And Expenses Including Interest Expense
CostAndExpensesIncludingInterestExpense
8570262000 USD
CY2011 htz Cost Of Services Depreciation And Lease Charges
CostOfServicesDepreciationAndLeaseCharges
1905739000 USD
CY2012 htz Cost Of Services Depreciation And Lease Charges
CostOfServicesDepreciationAndLeaseCharges
2148158000 USD
CY2010 htz Cost Of Services Depreciation And Lease Charges
CostOfServicesDepreciationAndLeaseCharges
1868147000 USD
CY2010 htz Cost Of Services Depreciation As Adjusted For Gain Loss Upon Disposal
CostOfServicesDepreciationAsAdjustedForGainLossUponDisposal
1789903000 USD
CY2012 htz Cost Of Services Depreciation As Adjusted For Gain Loss Upon Disposal
CostOfServicesDepreciationAsAdjustedForGainLossUponDisposal
2068378000 USD
CY2011 htz Cost Of Services Depreciation As Adjusted For Gain Loss Upon Disposal
CostOfServicesDepreciationAsAdjustedForGainLossUponDisposal
1809609000 USD
CY2012 htz Debt Instrument Principal Amount Denomination For Conversion Into Cash
DebtInstrumentPrincipalAmountDenominationForConversionIntoCash
1000 USD
CY2012Q4 htz Debt Instrument Restrictive Covenants Percentage Of Net Income Used For Calculation Of Additional Cash Dividend To Parent
DebtInstrumentRestrictiveCovenantsPercentageOfNetIncomeUsedForCalculationOfAdditionalCashDividendToParent
0.5
CY2012 htz Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
128760000 USD
CY2011 htz Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
68138000 USD
CY2010 htz Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
-26529000 USD
CY2011Q4 htz Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Tax
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeTax
-8005000 USD
CY2012 htz Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Tax
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeTax
0 USD
CY2010 htz Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Tax
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeTax
12656000 USD
CY2010 htz Effective Income Tax Rate Reconciliation Withholding Taxes
EffectiveIncomeTaxRateReconciliationWithholdingTaxes
-0.580
CY2012 htz Effective Income Tax Rate Reconciliation Withholding Taxes
EffectiveIncomeTaxRateReconciliationWithholdingTaxes
0.019
CY2011 htz Effective Income Tax Rate Reconciliation Withholding Taxes
EffectiveIncomeTaxRateReconciliationWithholdingTaxes
0.023
CY2012 htz Fixed Interest Rate On Cash Balance Credits In Year2012 And Later Years Percentage
FixedInterestRateOnCashBalanceCreditsInYear2012AndLaterYearsPercentage
0.03
CY2012 htz Gain Loss On Write Downs Of Other Assets
GainLossOnWriteDownsOfOtherAssets
0 USD
CY2010 htz Gain Loss On Write Downs Of Other Assets
GainLossOnWriteDownsOfOtherAssets
-20448000 USD
CY2011 htz Gain Loss On Write Downs Of Other Assets
GainLossOnWriteDownsOfOtherAssets
-23174000 USD
CY2010 htz Increase Decrease In Income Per Share After Tax Effect Restructuring Charges
IncreaseDecreaseInIncomePerShareAfterTaxEffectRestructuringCharges
-0.09
CY2011Q3 htz Increase Decrease In Income Per Share After Tax Effect Restructuring Charges
IncreaseDecreaseInIncomePerShareAfterTaxEffectRestructuringCharges
0.09
CY2011 htz Increase Decrease In Income Per Share After Tax Effect Restructuring Charges
IncreaseDecreaseInIncomePerShareAfterTaxEffectRestructuringCharges
0.07
CY2011 htz Increase Decrease In Inventories Prepaid Expense And Other Assets
IncreaseDecreaseInInventoriesPrepaidExpenseAndOtherAssets
-478000 USD
CY2010 htz Increase Decrease In Inventories Prepaid Expense And Other Assets
IncreaseDecreaseInInventoriesPrepaidExpenseAndOtherAssets
61886000 USD
CY2012 htz Increase Decrease In Inventories Prepaid Expense And Other Assets
IncreaseDecreaseInInventoriesPrepaidExpenseAndOtherAssets
30802000 USD
CY2010 htz Increase Decrease In Public Liability And Property Damage
IncreaseDecreaseInPublicLiabilityAndPropertyDamage
-3058000 USD
CY2012 htz Increase Decrease In Public Liability And Property Damage
IncreaseDecreaseInPublicLiabilityAndPropertyDamage
-4341000 USD
CY2011 htz Increase Decrease In Public Liability And Property Damage
IncreaseDecreaseInPublicLiabilityAndPropertyDamage
6592000 USD
CY2012 htz Increase In Provision For Income Taxes
IncreaseInProvisionForIncomeTaxes
79000000 USD
CY2012Q4 htz Intangible Assets Excluding Goodwill Gross
IntangibleAssetsExcludingGoodwillGross
4499900000 USD
CY2011Q4 htz Intangible Assets Excluding Goodwill Gross
IntangibleAssetsExcludingGoodwillGross
2955500000 USD
CY2012Q4 htz Investors Group Ownership Percentage
InvestorsGroupOwnershipPercentage
0.26
CY2011Q1 htz Investors Group Ownership Percentage
InvestorsGroupOwnershipPercentage
0.26
CY2011 htz Line Of Credit Maturity Period
LineOfCreditMaturityPeriod
P90D
CY2012 htz Maximum Maturity Period For Which Fair Value Approximates Carrying Value
MaximumMaturityPeriodForWhichFairValueApproximatesCarryingValue
P90D
CY2011 htz Net Income Loss Attributable To Noncontrolling Interest Other
NetIncomeLossAttributableToNoncontrollingInterestOther
-19560000 USD
CY2010 htz Net Income Loss Attributable To Noncontrolling Interest Other
NetIncomeLossAttributableToNoncontrollingInterestOther
-17409000 USD
CY2010 htz Noncontrolling Interest Decrease From Redemptions Or Purchase Of Interests Tax Effect
NoncontrollingInterestDecreaseFromRedemptionsOrPurchaseOfInterestsTaxEffect
0 USD
CY2012 htz Noncontrolling Interest Decrease From Redemptions Or Purchase Of Interests Tax Effect
NoncontrollingInterestDecreaseFromRedemptionsOrPurchaseOfInterestsTaxEffect
0 USD
CY2011 htz Noncontrolling Interest Decrease From Redemptions Or Purchase Of Interests Tax Effect
NoncontrollingInterestDecreaseFromRedemptionsOrPurchaseOfInterestsTaxEffect
9798000 USD
CY2010 htz Other Comprehensive Income Other Tax
OtherComprehensiveIncomeOtherTax
0 USD
CY2011Q4 htz Other Comprehensive Income Other Tax
OtherComprehensiveIncomeOtherTax
-1127000 USD
CY2012 htz Other Comprehensive Income Other Tax
OtherComprehensiveIncomeOtherTax
0 USD
CY2011Q4 htz Other Equipment Gross
OtherEquipmentGross
2830176000 USD
CY2012Q4 htz Other Equipment Gross
OtherEquipmentGross
3240095000 USD
CY2012 htz Payments To Acquire Revenue Earning Equipment
PaymentsToAcquireRevenueEarningEquipment
9613239000 USD
CY2011 htz Payments To Acquire Revenue Earning Equipment
PaymentsToAcquireRevenueEarningEquipment
9454311000 USD
CY2010 htz Payments To Acquire Revenue Earning Equipment
PaymentsToAcquireRevenueEarningEquipment
8440872000 USD
CY2009Q1 htz Period Considered For Determining Change In Control For Income Tax Purposes
PeriodConsideredForDeterminingChangeInControlForIncomeTaxPurposes
P0Y36M
CY2011 htz Proceeds From Disgorgement Of Stockholder Short Swing Profits
ProceedsFromDisgorgementOfStockholderShortSwingProfits
77000 USD
CY2012 htz Proceeds From Disgorgement Of Stockholder Short Swing Profits
ProceedsFromDisgorgementOfStockholderShortSwingProfits
17000 USD
CY2010 htz Proceeds From Disgorgement Of Stockholder Short Swing Profits
ProceedsFromDisgorgementOfStockholderShortSwingProfits
7000 USD
CY2012 htz Proceeds From Disgorgement Of Stockholder Short Swing Profits Net Of Tax
ProceedsFromDisgorgementOfStockholderShortSwingProfitsNetOfTax
11000 USD
CY2010 htz Proceeds From Disgorgement Of Stockholder Short Swing Profits Net Of Tax
ProceedsFromDisgorgementOfStockholderShortSwingProfitsNetOfTax
4000 USD
CY2011 htz Proceeds From Disgorgement Of Stockholder Short Swing Profits Net Of Tax
ProceedsFromDisgorgementOfStockholderShortSwingProfitsNetOfTax
48000 USD
CY2011 htz Proceeds From Disgorgement Of Stockholder Short Swing Profits Tax
ProceedsFromDisgorgementOfStockholderShortSwingProfitsTax
29000 USD
CY2010 htz Proceeds From Disgorgement Of Stockholder Short Swing Profits Tax
ProceedsFromDisgorgementOfStockholderShortSwingProfitsTax
3000 USD
CY2012 htz Proceeds From Disgorgement Of Stockholder Short Swing Profits Tax
ProceedsFromDisgorgementOfStockholderShortSwingProfitsTax
6000 USD
CY2012 htz Proceeds From Sale Of Revenue Earning Equipment
ProceedsFromSaleOfRevenueEarningEquipment
7125096000 USD
CY2011 htz Proceeds From Sale Of Revenue Earning Equipment
ProceedsFromSaleOfRevenueEarningEquipment
7850442000 USD
CY2010 htz Proceeds From Sale Of Revenue Earning Equipment
ProceedsFromSaleOfRevenueEarningEquipment
7518446000 USD
CY2012Q4 htz Public And Property Damage Liability
PublicAndPropertyDamageLiability
332232000 USD
CY2011Q4 htz Public And Property Damage Liability
PublicAndPropertyDamageLiability
281534000 USD
CY2011 htz Purchase Of Noncontrolling Interest
PurchaseOfNoncontrollingInterest
38000000 USD
CY2010 htz Purchase Of Noncontrolling Interest
PurchaseOfNoncontrollingInterest
0 USD
CY2012 htz Purchase Of Noncontrolling Interest
PurchaseOfNoncontrollingInterest
0 USD
CY2012 htz Purchases Of Revenue Earning Equipment Incurred But Not Yet Paid
PurchasesOfRevenueEarningEquipmentIncurredButNotYetPaid
249605000 USD
CY2010 htz Purchases Of Revenue Earning Equipment Incurred But Not Yet Paid
PurchasesOfRevenueEarningEquipmentIncurredButNotYetPaid
266354000 USD
CY2011 htz Purchases Of Revenue Earning Equipment Incurred But Not Yet Paid
PurchasesOfRevenueEarningEquipmentIncurredButNotYetPaid
153634000 USD
CY2012Q4 htz Restricted Net Assets Of Subsidiaries As Percentage Of Total Consolidated Net Assets Greater Than
RestrictedNetAssetsOfSubsidiariesAsPercentageOfTotalConsolidatedNetAssetsGreaterThan
0.25
CY2012 htz Revenue Car Rental
RevenueCarRental
7456111000 USD
CY2011 htz Revenue Car Rental
RevenueCarRental
6929584000 USD
CY2010 htz Revenue Car Rental
RevenueCarRental
6355205000 USD
CY2010 htz Revenue Equipment Rental
RevenueEquipmentRental
1069820000 USD
CY2011 htz Revenue Equipment Rental
RevenueEquipmentRental
1208811000 USD
CY2012 htz Revenue Equipment Rental
RevenueEquipmentRental
1383196000 USD
CY2012 htz Sales Of Property And Equipment Earned But Not Received
SalesOfPropertyAndEquipmentEarnedButNotReceived
895000 USD
CY2011 htz Sales Of Property And Equipment Earned But Not Received
SalesOfPropertyAndEquipmentEarnedButNotReceived
41809000 USD
CY2010 htz Sales Of Property And Equipment Earned But Not Received
SalesOfPropertyAndEquipmentEarnedButNotReceived
11071000 USD
CY2012 htz Sales Of Revenue Earning Equipment Earned But Not Received
SalesOfRevenueEarningEquipmentEarnedButNotReceived
617267000 USD
CY2011 htz Sales Of Revenue Earning Equipment Earned But Not Received
SalesOfRevenueEarningEquipmentEarnedButNotReceived
620724000 USD
CY2010 htz Sales Of Revenue Earning Equipment Earned But Not Received
SalesOfRevenueEarningEquipmentEarnedButNotReceived
504217000 USD
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001364479
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
421660516 shares
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012 htz Share Based Compensation Arrangement By Share Based Payment Award Number Of Common Stock Shares For Each Unit Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonStockSharesForEachUnitGranted
1 shares
CY2012Q4 htz Share Based Compensation Arrangement By Share Based Payment Award Shares Of Common Stock Underlying Awards Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesOfCommonStockUnderlyingAwardsOutstanding
17400000 shares
CY2012 htz Short Term Borrowings Maximum Maturity Period
ShortTermBorrowingsMaximumMaturityPeriod
P3M
CY2012 htz Stock Issued During Period Value Directors
StockIssuedDuringPeriodValueDirectors
1488000 USD
CY2010 htz Stock Issued During Period Value Directors
StockIssuedDuringPeriodValueDirectors
1188000 USD
CY2011 htz Stock Issued During Period Value Directors
StockIssuedDuringPeriodValueDirectors
1377000 USD
CY2011 htz Stock Issued During Period Value Phantom
StockIssuedDuringPeriodValuePhantom
216000 USD
CY2010 htz Stock Issued During Period Value Phantom
StockIssuedDuringPeriodValuePhantom
238000 USD
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q2 dei Entity Public Float
EntityPublicFloat
3330219187 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
HERTZ GLOBAL HOLDINGS INC
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0001445305-13-000446-index-headers.html Edgar Link pending
0001445305-13-000446-index.html Edgar Link pending
0001445305-13-000446.txt Edgar Link pending
0001445305-13-000446-xbrl.zip Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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hgh2012form10-k.htm Edgar Link pending
htz-20121231.xml Edgar Link completed
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