XML 35 R53.htm IDEA: XBRL DOCUMENT v3.2.0.727
(Cash Flows) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Condensed Financial Statements, Captions [Line Items]    
Net cash provided by (used in) operating activities $ 783 $ 760
Cash flows from investing activities    
Net change in restricted cash and cash equivalents 154 407
Revenue earning equipment expenditures (3,438) (2,582)
Proceeds from disposal of revenue earning equipment 2,289 1,859
Capital asset expenditures, non-fleet (97) (75)
Proceeds from disposal of property and equipment 22 25
Capital contributions to subsidiaries 0 0
Return of capital from subsidiaries 0 0
Loan to Parent / Guarantor from Non-Guarantor 0 0
Acquisitions, net of cash acquired (96) (6)
Repayments of loans with Hertz Global Holdings, Inc. (5) (14)
Net cash used in investing activities (1,171) (386)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 0 400
Repayments of long-term debt (1,027) (92)
Short-term borrowings:    
Proceeds 175 169
Payments (142) (259)
Proceeds under the revolving lines of credit 3,326 1,081
Payments under the revolving lines of credit (1,828) (1,582)
Capital contributions received from parent 0 0
Loan to Parent / Guarantor from Non-Guarantor 0 0
Payment of dividends and return of capital 0 0
Payment of financing costs (1) (7)
Other 0 3
Net cash provided by (used in) financing activities 503 (287)
Effect of foreign exchange rate changes on cash and cash equivalents (20) 0
Net change in cash and cash equivalents during the period 95 87
Cash and cash equivalents at beginning of period 490 411
Cash and cash equivalents at end of period 585 498
Eliminations    
Condensed Financial Statements, Captions [Line Items]    
Net cash provided by (used in) operating activities (665) (178)
Cash flows from investing activities    
Net change in restricted cash and cash equivalents 0 0
Revenue earning equipment expenditures 0 0
Proceeds from disposal of revenue earning equipment 0 0
Capital asset expenditures, non-fleet 0 0
Proceeds from disposal of property and equipment 0 0
Capital contributions to subsidiaries 713 451
Return of capital from subsidiaries (452) (436)
Loan to Parent / Guarantor from Non-Guarantor 432 1
Acquisitions, net of cash acquired 0 0
Repayments of loans with Hertz Global Holdings, Inc. 0 0
Net cash used in investing activities 693 16
Cash flows from financing activities    
Proceeds from issuance of long-term debt 0 0
Repayments of long-term debt 0 0
Short-term borrowings:    
Proceeds 0 0
Payments 0 0
Proceeds under the revolving lines of credit 0 0
Payments under the revolving lines of credit 0 0
Capital contributions received from parent (713) (451)
Loan to Parent / Guarantor from Non-Guarantor (432) (1)
Payment of dividends and return of capital 1,117 614
Payment of financing costs 0 0
Other   0
Net cash provided by (used in) financing activities (28) 162
Effect of foreign exchange rate changes on cash and cash equivalents 0 0
Net change in cash and cash equivalents during the period 0 0
Cash and cash equivalents at beginning of period 0 0
Cash and cash equivalents at end of period 0 0
Parent    
Condensed Financial Statements, Captions [Line Items]    
Net cash provided by (used in) operating activities 179 30
Cash flows from investing activities    
Net change in restricted cash and cash equivalents (67) (96)
Revenue earning equipment expenditures (234) (30)
Proceeds from disposal of revenue earning equipment 75 22
Capital asset expenditures, non-fleet (36) (30)
Proceeds from disposal of property and equipment 14 6
Capital contributions to subsidiaries (713) (414)
Return of capital from subsidiaries 452 436
Loan to Parent / Guarantor from Non-Guarantor 0 0
Acquisitions, net of cash acquired (18) 0
Repayments of loans with Hertz Global Holdings, Inc. (5) (14)
Net cash used in investing activities (532) (120)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 0 0
Repayments of long-term debt (6) (5)
Short-term borrowings:    
Proceeds 0 0
Payments 0 0
Proceeds under the revolving lines of credit 656 669
Payments under the revolving lines of credit (610) (590)
Capital contributions received from parent 0 0
Loan to Parent / Guarantor from Non-Guarantor 432 (42)
Payment of dividends and return of capital 0 0
Payment of financing costs 0 0
Other   3
Net cash provided by (used in) financing activities 472 35
Effect of foreign exchange rate changes on cash and cash equivalents 0 0
Net change in cash and cash equivalents during the period 119 (55)
Cash and cash equivalents at beginning of period 2 62
Cash and cash equivalents at end of period 121 7
Guarantor Subsidiaries    
Condensed Financial Statements, Captions [Line Items]    
Net cash provided by (used in) operating activities (2) 115
Cash flows from investing activities    
Net change in restricted cash and cash equivalents 12 54
Revenue earning equipment expenditures (51) (130)
Proceeds from disposal of revenue earning equipment 69 68
Capital asset expenditures, non-fleet (15) (7)
Proceeds from disposal of property and equipment 2 4
Capital contributions to subsidiaries 0 (37)
Return of capital from subsidiaries 0 0
Loan to Parent / Guarantor from Non-Guarantor 0 (43)
Acquisitions, net of cash acquired (5) (2)
Repayments of loans with Hertz Global Holdings, Inc. 0 0
Net cash used in investing activities 12 (93)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 0 0
Repayments of long-term debt 0 0
Short-term borrowings:    
Proceeds 0 0
Payments 0 0
Proceeds under the revolving lines of credit 0 0
Payments under the revolving lines of credit (2) (2)
Capital contributions received from parent 0 0
Loan to Parent / Guarantor from Non-Guarantor 0 0
Payment of dividends and return of capital 0 0
Payment of financing costs 0 (2)
Other   0
Net cash provided by (used in) financing activities (2) (4)
Effect of foreign exchange rate changes on cash and cash equivalents 0 0
Net change in cash and cash equivalents during the period 8 18
Cash and cash equivalents at beginning of period 14 6
Cash and cash equivalents at end of period 22 24
Non-Guarantor Subsidiaries    
Condensed Financial Statements, Captions [Line Items]    
Net cash provided by (used in) operating activities 1,271 793
Cash flows from investing activities    
Net change in restricted cash and cash equivalents 209 449
Revenue earning equipment expenditures (3,153) (2,422)
Proceeds from disposal of revenue earning equipment 2,145 1,769
Capital asset expenditures, non-fleet (46) (38)
Proceeds from disposal of property and equipment 6 15
Capital contributions to subsidiaries 0 0
Return of capital from subsidiaries 0 0
Loan to Parent / Guarantor from Non-Guarantor (432) 42
Acquisitions, net of cash acquired (73) (4)
Repayments of loans with Hertz Global Holdings, Inc. 0 0
Net cash used in investing activities (1,344) (189)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 0 400
Repayments of long-term debt (1,021) (87)
Short-term borrowings:    
Proceeds 175 169
Payments (142) (259)
Proceeds under the revolving lines of credit 2,670 412
Payments under the revolving lines of credit (1,216) (990)
Capital contributions received from parent 713 451
Loan to Parent / Guarantor from Non-Guarantor 0 43
Payment of dividends and return of capital (1,117) (614)
Payment of financing costs (1) (5)
Other   0
Net cash provided by (used in) financing activities 61 (480)
Effect of foreign exchange rate changes on cash and cash equivalents (20) 0
Net change in cash and cash equivalents during the period (32) 124
Cash and cash equivalents at beginning of period 474 343
Cash and cash equivalents at end of period $ 442 $ 467