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Business combinations and divestitures (Tables)
 12 Months Ended
Dec. 31, 2013
Acquisition  
Business Acquisition, Pro Forma Information
The unaudited pro forma financial information for the years ended December 31, 2012 and 2011 was as follows (in millions):
 
Revenue *
 
Earnings *
Actual from 09/01/11 - 12/31/11 (Donlen only)(1)
$
142.0

 
$
2.0

Actual from 11/19/12 - 12/31/12 (Dollar Thrifty only)(2)
170.6

 
(25.9
)
2012 supplemental pro forma from 1/1/12 - 12/31/12 (combined entity)(3)
10,197.4

 
437.3

2011 supplemental pro forma from 1/1/11 - 12/31/11 (combined entity)(4)
9,920.5

 
223.1

_____________________________________________
*    The pro forma information has been revised to reflect the correction of errors for the years ended December 31, 2012 and 2011.
(1)
Donlen's actual earnings for the four months ended December 31, 2011 was impacted by certain charges related to the amortization expense associated with the acquired intangible assets and the fair value adjustment related to acquired software, as well as, the write-off of certain unamortized debt costs.
(2)
Dollar Thrifty's actual earnings for the 43 days ended December 31, 2012 was impacted by certain charges related to the amortization expense associated with the acquired intangible assets and non-recurring compensation costs in connection with the merger.
(3)
The unaudited pro forma financial information for the year ended December 31, 2012 combines the historical results of Hertz and Dollar Thrifty for the year ended December 31, 2012, and the effects of the pro forma adjustments listed below.
(4)
The unaudited pro forma financial information for the year ended December 31, 2011 combines the historical results of Hertz, Donlen and Dollar Thrifty for the year ended December 31, 2011, and the effects of the pro forma adjustments listed below.
Dollar Thrifty
  
Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following summarizes the fair values of the assets acquired and liabilities assumed in the acquisition based on their estimated fair values as of the close of the acquisition (in millions):
Cash and cash equivalents
$
535

Restricted cash and cash equivalents
307

Receivables
170

Inventories
8

Prepaid expenses and other assets
41

Revenue earning equipment
1,614

Property and equipment
119

Other intangible assets
1,545

Other assets
35

Goodwill
889

Accounts payable
(43
)
Accrued liabilities
(298
)
Deferred taxes on income
(846
)
Debt
(1,484
)
Total
$
2,592
Donlen Corporation
  
Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions):
Cash and cash equivalents
$
35.6

Receivables
64.0

Prepaid expenses and other assets
7.0

Revenue earning equipment
1,120.6

Property and equipment
13.5

Other intangible assets
75.0

Goodwill
51.1

Accounts payable
(39.3
)
Accrued liabilities
(226.8
)
Deferred taxes on income
(121.9
)
Debt
(728.8
)
Total
$
250.0
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
Other intangible assets and their amortization periods are as follows:
 
Useful life
(in years)
 
Fair value
(in millions)
Customer relationships
16
 
$
65.0

Trademark
20
 
7.0

Non-compete agreement
5
 
3.0

Total
 
 
$
75.0