Hertz 2014 Annual Report Download - page 126
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Table of Contents
At October 1, 2014 and 2013, the Company performed its annual goodwill impairment test and determined that no impairment existed for the years
ended December 31, 2014 and 2013.
The following summarizes the changes in the Company's goodwill, by segment:
Balance as of January 1, 2014
Goodwill $ 1,012
$ 254
$ 772
$ 35
$ 2,073
Accumulated impairment losses —
(46)
(675)
—
(721)
1,012
208
97
35
1,352
Goodwill acquired during the period 13
—
—
—
13
Adjustments to previously recorded purchase
price allocation —
(1)
—
—
(1)
Other changes during the period(a) —
(5)
—
—
(5)
13
(6)
—
—
7
Balance as of December 31, 2014
Goodwill 1,025
248
772
35
2,080
Accumulated impairment losses —
(46)
(675)
—
(721)
$ 1,025
$ 202
$ 97
$ 35
$ 1,359
Balance as of January 1, 2013
Goodwill $ 998
$ 249
$ 772
$ 35
$ 2,054
Accumulated impairment losses —
(46)
(675)
—
(721)
998
203
97
35
1,333
Goodwill acquired during the period 1
4
—
—
5
Adjustments to previously recorded purchase
price allocation 13
—
—
—
13
Other changes during the period(a) —
1
—
—
1
14
5
—
—
19
Balance as of December 31, 2013
Goodwill 1,012
254
772
35
2,073
Accumulated impairment losses —
(46)
(675)
—
(721)
$ 1,012
$ 208
$ 97
$ 35
$ 1,352
(a) Primarily consists of foreign currency adjustments.
114
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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