Hertz 2014 Annual Report Download - page 172
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Table of Contents
the contract or by a third party claim. The Company regularly evaluates the probability of having to incur costs associated with these
indemnification obligations and have accrued for expected losses that are probable and estimable.
For updates related to the Company's contingencies, see See Note 20, "Subsequent Events" for additional information.
As part of the Company's ongoing effort to implement its strategy of reducing operating costs, as well as the integration of Dollar Thrifty the
Company incurred the following restructuring costs:
Termination benefits $ 30
$ 42
$ 26
Asset write-downs 23
—
—
Facility closure and lease obligation costs 15
15
9
Relocation costs and temporary labor costs 9
19
1
Other 1
1
2
Total $ 78
$ 77
$ 38
Direct operating $ 35
$ 28
$ 23
Selling, general and administrative 43
49
15
Total $ 78
$ 77
$ 38
U.S. car rental $ 27
$ 23
$ 5
International car rental 19
19
21
Worldwide equipment rental 5
8
9
All other operations —
—
—
Corporate 27
27
3
Total $ 78
$ 77
$ 38
160
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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