Hertz 2014 Annual Report Download - page 164

Table of Contents


In addition to the rents mentioned above, the Company has various leases on revenue earning equipment and office, computer and other
equipment under which the following amounts were expensed:










Revenue earning equipment

$ 80

$ 81

$ 80
Office, computer and other equipment

19

17

13
Total

$ 99

$ 98

$ 93
As of December 31, 2014, minimum obligations under existing agreements for revenue earning equipment and office, computer and other
equipment that have a maturity of more than one year are as follows:



2015

$ 64
2016

25
2017

9
2018

4
2019

4
After 2019

7
Total

$ 113
Commitments under capital leases within the Company's vehicle rental programs are included in Note 6, "Debt."

The Company has identified four reportable segments, which are organized based on the products and services provided by its operating
segments and the geographic areas in which its operating segments conduct business, as follows:
• U.S. Car Rental - rental of cars, crossovers and light trucks, as well as ancillary products and services, in the United States and consists
of the Company's United States operating segment;
• International Car Rental - rental of cars, crossovers and light trucks, as well as ancillary products and services, internationally and
consists of the Company's Europe and Other International operating segments, which are aggregated into a reportable segment based
primarily upon similar economic characteristics, products and services, customers, delivery methods and general regulatory environments;
• Worldwide Equipment Rental - rental of industrial construction, material handling and other equipment and consists of the Company's
worldwide equipment rental operating segment; and
• All Other Operations - includes the Company's Donlen operating segment which provides fleet leasing and management services and is
not considered a separate reportable segment in accordance with applicable accounting standards, together with other business activities,
such as its claim management services.
In addition to the above reportable segments, the Company has corporate operations ("Corporate") which includes general corporate assets and
expenses and certain interest expense (including net interest on corporate debt).
Adjusted pre-tax income (loss) is calculated as income (loss) before income taxes plus non-cash acquisition accounting charges, debt-related
charges relating to the amortization and write-off of debt financing costs and debt discounts and certain one-time charges and non-operational
items. Adjusted pre-tax income (loss) is important because it allows management to assess operational performance of its business, exclusive of
the items mentioned above. It also allows management to assess the performance of the entire business on the same basis as the segment
measure of profitability.
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Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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