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Stock-Based Compensation (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Stock-Based Compensation    
Schedule of Share-based Compensation, Stock Options, Activity  
A summary of option activity under the Stock Incentive Plan and the Omnibus Plan as of December 31, 2012 is presented below.
Options
Shares
 
Weighted‑
Average
Exercise
Price
 
Weighted‑
Average
Remaining
Contractual
Term (years)
 
Aggregate Intrinsic
Value (In thousands
of dollars)
Outstanding at January 1, 2012
15,142,061

 
$
10.60

 
6.3
 
$
41,110

Granted
35,492

 
0.17

 
 
 
 
Exercised
(1,740,447
)
 
5.75

 
 
 
 
Forfeited or Expired
(248,431
)
 
14.66

 
 
 
 
Outstanding at December 31, 2012
13,188,675

 
11.13

 
5.4
 
$
74,681

Exercisable at December 31, 2012
10,321,945

 
10.83

 
4.7
 
$
63,086
Summary of the total compensation expense and associated recognized income tax benefits
A summary of the total compensation expense and associated income tax benefits recognized under our Hertz Global Holdings, Inc. Stock Incentive Plan and Hertz Global Holdings, Inc. Director Stock Incentive Plan, or the "Prior Plans," and the Omnibus Plan, including the cost of stock options, RSUs, and PSUs, is as follows (in millions of dollars):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2013
 
2012
 
2013
 
2012
Compensation expense
$
11.7

 
$
7.5

 
$
19.7

 
$
15.0

Income tax benefit
(4.5
)
 
(2.9
)
 
(7.6
)
 
(5.8
)
Total
$
7.2

 
$
4.6

 
$
12.1

 
$
9.2
A summary of the total compensation expense and associated income tax benefits recognized under the Prior Plans and the Omnibus Plan, including the cost of stock options, RSUs, and PSUs, is as follows (in millions of dollars):
 
Years Ended December 31,
 
2012
 
2011
 
2010
Compensation expense
$
30.3

 
$
31.0

 
$
36.6

Income tax benefit
(11.7
)
 
(12.0
)
 
(14.2
)
Total
$
18.6

 
$
19.0

 
$
22.4
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions  

The risk-free interest rate is the implied zero-coupon yield for U.S. Treasury securities having a maturity approximately equal to the expected term, as of the grant dates. The assumed dividend yield is zero.

Assumption
  2012 Grants   2011 Grants   2010 Grants

Expected volatility

   81.5%   36.7%   36.1%

Expected dividend yield

   —%   —%   —%

Expected term (years)

   3       6.25       6.25    

Risk-free interest rate

   0.4%   2.56%   1.62% - 2.96%

Weighted-average grant date fair value

   $14.62       $5.93       $4.00    
Schedule of Share Based Compensation Nonvested Stock Options Activity  
A summary of non-vested options as of December 31, 2012, and changes during the year, is presented below.
 
Non-vested
Shares
 
Weighted‑
Average
Exercise Price
 
Weighted‑
Average Grant-
Date Fair
Value
Non-vested as of January 1, 2012
4,915,825

 
$
12.04

 
$
4.86

Granted
35,492

 
0.17

 
0.17

Vested
(1,959,032
)
 
11.56

 
4.59

Forfeited
(125,555
)
 
11.91

 
4.84

Non-vested as of December 31, 2012
2,866,730

 
$
12.23

 
$
4.98
Schedule of Share Based Payment Awards, Additional Stock Option Activity  
Additional information pertaining to option activity under the plans is as follows (in millions of dollars):
 
Years ended
December 31,
 
2012
 
2011
 
2010
Aggregate intrinsic value of stock options exercised
$
15.1

 
$
15.0

 
$
8.1

Cash received from the exercise of stock options
11.2

 
13.1

 
7.9

Fair value of options that vested
9.0

 
17.4

 
21.6

Tax benefit realized on exercise of stock options
0.9

 
0.5

 
0.3
Schedule of Share Based Compensation Restricted Stock Units and Performance Based Units Activity  
A summary of RSU and PSU activity under the Omnibus Plan as of December 31, 2012 is presented below.
 
Shares
 
Weighted‑
Average
Fair Value
 
Aggregate Intrinsic
Value (In thousands
of dollars)
Outstanding at January 1, 2012
4,327,461

 
$
6.46

 
$
50,718

Granted
869,894

 
13.78

 
—

Vested
(3,198,219
)
 
4.58

 
—

Forfeited or Expired
(126,502
)
 
13.19

 
—

Outstanding at December 31, 2012
1,872,634

 
$
12.62

 
$
30,468
Schedule of Share Based Compensation Restricted Stock Units and Performance Based Units Additional Information  
Additional information pertaining to RSU and PSU activity is as follows:
 
Years ended December 31,
 
2012
 
2011
 
2010
Total fair value of awards that vested ($ millions)
$
14.6

 
$
9.6

 
$
8.2

Weighted average grant date fair value of awards
$
13.78

 
$
14.78

 
$
10.1
Schedule of Share Based Compensation, Performance Based Units, Activity  
An additional 193,798 PSUs granted in March 2011 contained a market condition whereby the 20 trading day average trailing Hertz Holdings' stock price must equal or exceed a certain price target at any time during the five year performance period, in addition to a service vesting condition. A summary of the PSU activity for this grant is presented below.
 
Shares
 
Weighted‑
Average
Fair Value
 
Aggregate Intrinsic
Value (In thousands
of dollars)
Outstanding at January 1, 2012
677,971

 
$
13.34

 
$
7,946

Granted
1,846,014

 
11.89

 
—

Vested
(124,874
)
 
14.60

 
—

Forfeited or Expired
(100,438
)
 
11.87

 
—

Outstanding at December 31, 2012
2,298,673

 
$
12.18

 
$
37,399