Hertz 2015 Annual Report Download - page 141
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Table of Contents
Assets and liabilities measured at fair value during the year ended December 31, 2015 are as follows:
Long-lived assets held for sale $ 25
$ —
$ —
$ 25
$ 5
The assets and liabilities measured on a non-recurring basis include long-lived assets that are held for sale. Refer to the impairment disclosures in
Note 9, "Tangible Asset Impairments and Asset Write-downs ," for further information regarding loss adjustments for certain of the assets included
in the table above.
Changes in the accumulated other comprehensive income (loss) balance by component (net of tax) are as follows:
Balance as of January 1, 2015 $ (101)
$ 5
$ (19)
$ —
$ (115)
Other comprehensive income (loss) before
reclassification (8)
(87)
—
—
(95)
Amounts reclassified from accumulated other
comprehensive loss 7
(42)
—
—
(35)
Balance as of December 31, 2015 $ (102)
$ (124)
$ (19)
$ —
$ (245)
Balance as of January 1, 2014 $ (58)
$ 62
$ (19)
$ 21
$ 6
Other comprehensive (loss) before
reclassification (34)
(57)
—
(14)
(105)
Amounts reclassified from accumulated other
comprehensive income (loss) (9)
—
—
(7)
(16)
Balance as of December 31, 2014 $ (101)
$ 5
$ (19)
$ —
$ (115)
Public Liability and Property Damage
The Company is currently a defendant in numerous actions and has received numerous claims on which actions have not yet been commenced
for public liability and property damage arising from the operation of motor vehicles and equipment rented from the Company. The obligation for
public liability and property damage on self-insured U.S. and international vehicles and equipment, as stated on the Company's balance sheet,
represents an estimate for both reported accident claims not yet paid and claims incurred but not yet reported. The related liabilities are recorded
on a non-discounted basis. Reserve requirements are based on rental volume and actuarial evaluations of historical accident claim experience and
trends, as well as future projections of ultimate losses, expenses, premiums and
133
℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.