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Employee Retirement Benefits (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Employee Retirement Benefits    
Schedule of Expected Benefit Payments [Table Text Block]  
The following table presents estimated future benefit payments (in millions of dollars):
 
Pension Benefits
 
Postretirement
Benefits (U.S.)
2013
$
31.1

 
$
1.3

2014
34.4

 
1.4

2015
40.6

 
1.5

2016
44.3

 
1.4

2017
51.1

 
1.3

2018-2022
314.1

 
6.7

 
$
515.6

 
$
13.6

Schedule of Allocation of Plan Assets [Table Text Block]  
The fair value measurements of our U.S. pension plan assets are based upon significant observable inputs (Level 2) and relate to common collective trusts and other pooled investment vehicles consisting of the following asset categories (in millions of dollars):
 
December 31,
Asset Category
2012
 
2011
Short Term Investments
$
8.3

 
$
11.6

Equity Securities:
 
 
 
U.S. Large Cap
135.9

 
119.3

U.S. Mid Cap
42.0

 
34.9

U.S. Small Cap
31.6

 
27.5

International Large Cap
109.3

 
89.0

Fixed Income Securities:
 
 
 
U.S. Treasuries
67.5

 
53.2

Corporate Bonds
83.8

 
68.7

Government Bonds
4.4

 
4.1

Municipal Bonds
9.1

 
9.5

Real Estate (REITs)
6.5

 
5.4

Total fair value of pension plan assets
$
498.4

 
$
423.2

Our U.K. Plan accounts for most of the $178.3 million in fair value of Non-U.S. plan assets. The fair value measurements of our U.K. pension plan assets are based upon significant observable inputs (Level 2) and relate to common collective trusts and other pooled investment vehicles consisting of the following asset categories (in millions of dollars):
 
December 31,
Asset Category
2012
 
2011
Short Term Investments
$
12.9

 
$
11.6

U.K. Equities
66.1

 
57.6

Overseas Equities
67.1

 
60.5

U.K. Conventional Gilts
6.5

 
6.6

Corporate Bonds
5.3

 
5.0

Global Treasury Bonds
9.3

 
6.5

Index‑Linked Gilts‑Stocks
1.8

 
1.4

Total fair value of pension plan assets
$
169.0

 
$
149.2

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]  
Changing the assumed health care cost trend rates by one percentage point is estimated to have the following effects (in millions of dollars):
 
One Percentage Point
 
Increase
 
Decrease
Effect on total of service and interest cost components

 

Effect on postretirement benefit obligation
$
0.5

 
$
(0.4
)
Schedule of Net Funded Status [Table Text Block]  
The following tables set forth the funded status and the net periodic pension cost of the Hertz Retirement Plan, other postretirement benefit plans (including health care and life insurance plans covering domestic (“U.S.”) employees and the retirement plans for international operations (“Non-U.S.”), together with amounts included in our consolidated balance sheets and statements of operations (in millions of dollars):
 
Pension Benefits
 
Postretirement
 
U.S.
 
Non-U.S.
 
Benefits (U.S.)
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
Change in Benefit Obligation
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation at January 1
$
606.4

 
$
549.7

 
$
190.8

 
$
201.5

 
$
18.2

 
$
19.0

Service cost
24.8

 
26.2

 
1.9

 
4.0

 
0.2

 
0.2

Interest cost
28.2

 
27.5

 
9.7

 
11.0

 
0.8

 
0.9

Employee contributions

 

 
0.1

 
0.7

 
0.8

 
0.9

Plan amendments

 
(10.2
)
 

 

 

 

Plan curtailments

 

 

 
(5.9
)
 

 

Plan settlements
(5.4
)
 
(7.4
)
 

 
0.1

 

 

Benefits paid
(29.9
)
 
(18.4
)
 
(5.5
)
 
(4.0
)
 
(2.2
)
 
(2.2
)
Foreign exchange translation

 

 
7.7

 
(1.0
)
 

 

Actuarial loss (gain)
54.8

 
39.0

 
9.4

 
(15.1
)
 
1.2

 
(0.6
)
Plan combination

 

 
10.4

 

 

 

Other

 

 
(0.1
)
 
(0.5
)
 

 

Benefit obligation at December 31
$
678.9

 
$
606.4

 
$
224.4

 
$
190.8

 
$
19.0

 
$
18.2

Change in Plan Assets
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets at January 1
$
423.2

 
$
365.9

 
$
157.0

 
$
152.8

 
$

 
$

Actual return on plan assets
64.2

 
15.3

 
15.6

 
(7.6
)
 

 

Company contributions
46.3

 
67.8

 
4.7

 
16.0

 
1.4

 
1.3

Employee contributions

 

 
0.1

 
0.7

 
0.8

 
0.9

Plan settlements
(5.4
)
 
(7.4
)
 

 

 

 

Benefits paid
(29.9
)
 
(18.4
)
 
(5.5
)
 
(4.0
)
 
(2.2
)
 
(2.2
)
Foreign exchange translation

 

 
6.5

 
(0.7
)
 

 

Other

 

 
(0.1
)
 
(0.2
)
 

 

Fair value of plan assets at December 31
$
498.4

 
$
423.2

 
$
178.3

 
$
157.0

 
$

 
$

Funded Status of the Plan
 
 
 
 
 
 
 
 
 
 
 
Plan assets less than benefit obligation
$
(180.5
)
 
$
(183.2
)
 
$
(46.1
)
 
$
(33.8
)
 
$
(19.0
)
 
$
(18.2
)
Schedule of Defined Benefit Plan, Amounts Included in Financial Statements and Assumptions Used [Table Text Block]  
 
Pension Benefits
 
Postretirement
 
U.S.
 
Non-U.S.
 
Benefits (U.S.)
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
Amounts recognized in balance sheet:
 
 
 
 
 
 
 
 
 
 
 
Liabilities
$
(180.5
)
 
$
(183.2
)
 
$
(46.1
)
 
$
(33.8
)
 
$
(19.0
)
 
$
(18.2
)
Net obligation recognized in the balance sheet
$
(180.5
)
 
$
(183.2
)
 
$
(46.1
)
 
$
(33.8
)
 
$
(19.0
)
 
$
(18.2
)
Prior service credit (cost)
$
9.1

 
$
10.1

 
$

 
$

 
$

 
$

Net gain (loss)
(167.6
)
 
(160.3
)
 
(17.5
)
 
(10.7
)
 
(2.3
)
 
(1.2
)
Accumulated other comprehensive loss
(158.5
)
 
(150.2
)
 
(17.5
)
 
(10.7
)
 
(2.3
)
 
(1.2
)
Unfunded accrued pension or postretirement benefit
(22.0
)
 
(33.0
)
 
(28.6
)
 
(23.1
)
 
(16.7
)
 
(17.0
)
Net obligation recognized in the balance sheet
$
(180.5
)
 
$
(183.2
)
 
$
(46.1
)
 
$
(33.8
)
 
$
(19.0
)
 
$
(18.2
)
Total recognized in other comprehensive (income) loss
$
8.3

 
$
34.5

 
$
6.8

 
$
12.2

 
$
1.1

 
$
(0.7
)
Total recognized in net periodic benefit cost and other comprehensive (income) loss
$
43.5

 
$
67.1

 
$
6.1

 
$
0.9

 
$
2.1

 
$
0.5

Estimated amounts that will be amortized from accumulated other comprehensive (income) loss over the next fiscal year:
 
 
 
 
 
 
 
 
 
 
 
Net gain (loss)
$
(16.0
)
 
$
(11.1
)
 
$
(0.4
)
 
$
0.1

 
$
(0.1
)
 
$
(0.1
)
Accumulated Benefit Obligation at December 31
$
619.2

 
$
537.0

 
$
216.8

 
$
187.6

 
N/A

 
N/A

Weighted‑average assumptions as of December 31
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.0
%
 
4.7
%
 
4.3
%
 
4.8
%
 
3.6
%
 
4.4
%
Expected return on assets
7.6
%
 
8.0
%
 
7.4
%
 
7.4
%
 
N/A

 
N/A

Average rate of increase in compensation
4.6
%
 
4.6
%
 
2.0
%
 
2.1
%
 
N/A

 
N/A

Initial health care cost trend rate
N/A

 
N/A

 
N/A

 
N/A

 
7.8
%
 
8.1
%
Ultimate health care cost trend rate
N/A

 
N/A

 
N/A

 
N/A

 
4.5
%
 
4.5
%
Number of years to ultimate trend rate
N/A

 
N/A

 
N/A

 
N/A

 
17

 
18

Schedule of Net Benefit Costs [Table Text Block]
 
Pension Benefits
 
Postretirement
Benefits (U.S.)
 
U.S.
 
Non-U.S.
 
 
Three Months Ended March 31,
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Components of Net Periodic
 
 
 
 
 
 
 
 
 
 
 
Benefit Cost:
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
7.3

 
$
6.3

 
$
0.6

 
$
0.3

 
$
0.1

 
$
0.1

Interest cost
6.7

 
6.5

 
2.3

 
2.3

 
0.2

 
0.2

Expected return on plan assets
(7.5
)
 
(7.3
)
 
(3.1
)
 
(3.0
)
 

 

Net amortizations
4.3

 
2.8

 
0.1

 

 

 

Net pension /
 
 
 
 
 
 
 
 
 
 
 
postretirement expense
$
10.8

 
$
8.3

 
$
(0.1
)
 
$
(0.4
)
 
$
0.3

 
$
0.3


The following table sets forth the net periodic pension and postretirement (including health care, life insurance and auto) expense (in millions of dollars):
 
Pension Benefits
 
Postretirement
Benefits (U.S.)
 
U.S.
 
Non-U.S.
 
 
Years Ended December 31,
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
24.8

 
$
26.2

 
$
24.0

 
$
1.9

 
$
4.0

 
$
5.2

 
$
0.2

 
$
0.2

 
$
0.3

Interest cost
28.2

 
27.5

 
26.1

 
9.7

 
11.0

 
9.7

 
0.8

 
0.9

 
0.9

Expected return on plan assets
(31.5
)
 
(30.5
)
 
(26.6
)
 
(12.1
)
 
(12.8
)
 
(10.0
)
 

 

 

Net amortizations
11.8

 
7.2

 
4.6

 
(0.1
)
 
(0.7
)
 
(1.0
)
 

 
0.1

 

Settlement loss
2.0

 
2.2

 
0.4

 

 

 

 

 

 

Curtailment gain

 

 

 

 
(12.9
)
 
(0.2
)
 

 

 

Special termination cost

 

 

 

 
0.1

 

 

 

 

Net pension and postretirement expense
$
35.3

 
$
32.6

 
$
28.5

 
$
(0.6
)
 
$
(11.3
)
 
$
3.7

 
$
1.0

 
$
1.2

 
$
1.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted‑average discount rate for expense (January 1)
4.71
%
 
5.12
%
 
5.42
%
 
4.78
%
 
5.36
%
 
5.71
%
 
4.4
%
 
4.9
%
 
5.4
%
Weighted‑average assumed long-term rate of return on assets (January 1)
8.00
%
 
8.40
%
 
8.50
%
 
7.44
%
 
7.46
%
 
7.46
%
 
N/A

 
N/A

 
N/A

Initial health care cost trend rate
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
8.1
%
 
8.4
%
 
8.7
%
Ultimate health care cost trend rate
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
4.5
%
 
4.5
%
 
4.5
%
Number of years to ultimate trend rate
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
17

 
18

 
19

Schedule of Multiemployer Plans [Table Text Block]  
For plans that are not individually significant to us, the total amount of contributions is presented in the aggregate.
(In millions of dollars)
EIN /Pension
Plan
 
Pension
Protection Act
Zone Status
 
FIP /
RP Status
Pending /
 
Contributions by
The Hertz Corporation
 
Surcharge
 
Expiration
Dates of
Collective
Bargaining
 
Pension Fund
Number
 
2012
 
2011
 
Implemented
 
2012
 
2011
 
2010
 
Imposed
 
Agreements
 
Western Conference of Teamsters
91-6145047
 
Green
 
Green
 
NA
 
$
4.1

 
$
3.9

 
$
3.8

 
NA
 
Various
 
Teamsters Central States
36-6044243
 
Critical
 
Critical
 
Implemented
 
1.2

 
1.3

 
1.2

 
No
 
Various
 
IAM National
51-60321295
 
Green
 
Green
 
NA
 
0.7

 
0.6

 
0.6

 
NA
 
Various
 
Midwest Operating Engineers
36-6140097
 
Green
 
Green
 
NA
 
0.5

 
0.4

 
0.2

 
NA
 
2/28/2014
 
Local 1034**
13-6594795
 
Critical
 
Critical
 
Implemented
 
0.2

 
0.2

 
0.2

 
Yes
 
5/2/2013
 
Operating Engineers Local 324
38-1900637
 
Critical
 
Critical
 
Implemented
 
0.1

 
0.1

 
0.1

 
No
 
6/30/2013
 
Western Pennsylvania Teamsters
25-6029946
 
Critical
 
Critical
 
Implemented
 
0.1

 
0.1

 
0.1

 
No
 
11/4/2011
*
 
 
 
 
 
7 Other Plans
 
0.6

 
0.6

 
0.5

 
 
 
 
 
 
 
 
 
 
Total Contributions
 
$
7.5

 
$
7.2

 
$
6.7