Total Equity

3 Months Ended

Mar. 31, 2011

Note 11—Total Equity

(in Millions)		100 Shares Common Stock		Additional Paid-In Capital		Accumulated Deficit			Accumulated Other Comprehensive Income (Loss)			Non- controlling Interest		Total Equity

December 31, 2010		$	—	$	3,452.0	$	(991.1	)	$	37.8		$	16.5	$	2,515.2
	Net loss attributable to The Hertz Corporation and Subsidiaries' common stockholder						(123.0	)							(123.0	)
	Translation adjustment changes, net of tax of $0									42.5					42.5
	Unrealized gain on Euro-denominated debt, net of tax of $7.4									(11.6	)				(11.6	)
	Defined benefit pension plans, net of tax of $0									0.2					0.2

	Total Comprehensive Loss														(91.9	)

	Net income relating to noncontrolling interest												3.7		3.7
	Stock-based employee compensation charges, net of tax of $0				9.1										9.1
	Proceeds from employee stock purchase plan				1.0										1.0
	Hertz Holdings common shares issued to Directors				0.1										0.1

March 31, 2011		$	—	$	3,462.2	$	(1,114.1	)	$	68.9		$	20.2	$	2,437.2

(in Millions)		100 Shares Common Stock		Additional Paid-In Capital		Accumulated Deficit			Accumulated Other Comprehensive Income (Loss)			Non- controlling Interest			Total Equity

December 31, 2009		$	—	$	3,410.5	$	(950.4	)	$	(3.3	)	$	17.3		$	2,474.1
	Net loss attributable to The Hertz Corporation and Subsidiaries' common stockholder						(135.7	)								(135.7	)
	Change in fair value of derivatives qualifying as cash flow hedges, net of tax of $9.5									14.6						14.6
	Translation adjustment changes, net of tax of $0									(39.0	)					(39.0	)
	Unrealized gain on Euro-denominated debt, net of tax of $7.6									11.9						11.9
	Defined benefit pension plans, net of tax of $0									(0.4	)					(0.4	)

	Total Comprehensive Loss															(148.6	)

	Dividend payment to noncontrolling interest												(3.0	)		(3.0	)
	Net income relating to noncontrolling interest												3.6			3.6
	Stock-based employee compensation charges, net of tax of $0				9.0											9.0
	Proceeds from employee stock purchase plan				0.7											0.7
	Hertz Holdings common shares issued to Directors				0.1											0.1

March 31, 2010		$	—	$	3,420.3	$	(1,086.1	)	$	(16.2	)	$	17.9		$	2,335.9

Accumulated other comprehensive income (loss) as of March 31, 2011 and December 31, 2010 includes accumulated translation gains of $157.3 million and $114.9 million, respectively, pension benefits of $(70.1) million and $(70.2) million, respectively, and unrealized losses on our Euro-denominated debt of $(18.4) million and $(6.8) million, respectively.

- Definition

Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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