Hertz 2014 Annual Report Download - page 152

Table of Contents


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
 
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
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Accumulated deficit $ 15
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$ 6
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$ (1)
Accumulated other comprehensive income (loss) (15)
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(6)
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1

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Direct operating (14)
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$ (12)
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(5)
Provision for taxes on income (loss) 5
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$ 5
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2
Net income (loss) 9
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7
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3
Earnings per Share - Basic 0.02
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0.02
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0.02
Earnings per Share - Diluted 0.02
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0.02
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0.01

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Net income (loss) 9
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7
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3
Reclassifications of net periodic costs related to defined benefit pension plans (14)
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(12)
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(5)
Tax impact related to net gains and losses on defined benefit pension plans 5
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5
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2
Total other comprehensive income (loss) (9)
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(7)
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(3)

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Net income (loss) 9
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7
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3
Other comprehensive income (loss) (9)
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(7)
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(3)
Accumulated deficit 15
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6
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(1)
Accumulated other comprehensive income (loss) (15)
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(6)
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1

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
Net income (loss) 9
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7
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3
Changes in assets and liabilities, net of acquisitions - Accrued liabilities (9)
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(7)

(3)
The U.K. Plan has a target allocation of 37.5% actively managed multi-asset funds, 27.5% passive equity funds and 35% passive bond funds.
The actively managed multi-asset funds are intended to deliver a long-term equity-like return but with reduced levels of volatility. The target
allocation for the passive bonds is 70% in index-linked government bonds and 30% in corporate bonds. The target allocation for the equity funds
are that 45% are held in U.K. Equities and the remainder diversified across global markets. All of the invested assets of the U.K. Plan are held via
pooled funds managed by professional investment managers. The U.K. Plan assumes a 7.5% rate of return on assets expected long-term
weighted-average for the Plan in total.
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Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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