Hertz 2009 Annual Report Download - page 158

HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the years ended December 31, 2009, 2008 and 2007, our worldwide car rental operations sold
approximately 153,300, 189,300 and 163,700 non-program cars, respectively, a 19.0% decrease in 2009
versus 2008 primarily due to a lower average fleet size.
Note 7—Taxes on Income
The components of income (loss) before income taxes and noncontrolling interest for the periods were
as follows (in millions of dollars):
Years ended December 31,
2009 2008 2007
Domestic ..................................... $(149.3) $(1,166.7) $190.0
Foreign ...................................... (21.7) (216.1) 196.8
Total ....................................... $(171.0) $(1,382.8) $386.8
The total provision (benefit) for taxes on income consists of the following (in millions of dollars):
Years ended December 31,
2009 2008 2007
Current:
Federal ....................................... $ 0.4 $ (1.5) $ 10.5
Foreign ....................................... 15.8 36.5 18.3
State and local ................................. (1.2) 3.0 14.0
Total current .................................. 15.0 38.0 42.8
Deferred:
Federal ....................................... (34.1) (192.9) 66.9
Foreign ....................................... (23.0) (12.7) 8.4
State and local ................................. (17.6) (29.3) (15.5)
Total deferred ................................. (74.7) (234.9) 59.8
Total provision (benefit) ........................ $(59.7) $(196.9) $102.6
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