Hertz 2015 Annual Report Download - page 72

Table of Contents

 
The table below sets forth capital asset expenditures, non-fleet, net of disposal proceeds, by segment for the periods shown:
 


 






U.S. car rental $ (57)
$ (187)
$ (162)
$ 130
(70)%
$ (25)
15 %
International car rental (32)
(41)
(38)
9
(22)
(3)
8
Worldwide equipment rental (69)
(28)
(19)
(41)
146
(9)
47
All other operations (2)
(5)
(3)
3
(60)
(2)
67
Corporate (52)
(20)
(24)
(32)
160
4
(17)
Total $ (212)
$ (281)
$ (246)
$ 69
(25)
$ (35)
14

Our relocation of our corporate headquarters to Estero, Florida is complete. We funded the construction costs related to our new headquarters
although most of the cost will be offset by state income tax credits over a period of 20 years. Through December 31, 2015, we expended
approximately $105 million related to the construction of our new headquarters. Additionally, through December 31, 2015, we have incurred
approximately $85 million in expenditures directly related to the relocation of our headquarters including employee relocation, severance, temporary
facilities and other associated costs.

In 2015, we repurchased 37 million shares of our common stock for an aggregate purchase price of approximately $605 million under the 2014
share repurchase program. The approximate dollar value of shares that may yet be purchased under the 2014 share repurchase program is $396
million. See Note 18, "Equity and Earnings (Loss) Per Share," to the Notes to our consolidated financial statements included in this Annual Report
under the caption Item 8, "Financial Statements and Supplementary Data” and Part II, Item 5 "Market For Registrant's Common Equity, Related
Stockholder Matters and Issuer Purchases of Equity Securities".

The following table details the contractual cash obligations for debt and related interest payable, operating leases and concession agreements,
commitments to purchase vehicles, tax liability for uncertain tax positions and related interest and other purchase obligations as of December 31,
2015:

 




Corporate Debt(a) $ 6,055
$ 33
$ 3,015
$ 1,960
$ 1,047
Fleet Debt(a) 9,857
3,101
5,055
1,701
—
Interest on debt(b) 1,707
537
802
296
72
Operating leases and concession agreements(c) 2,502
524
799
436
743
Commitments to purchase vehicles(d) 6,469
6,469
—
—
—
Purchase obligations and other(e) 353
188
95
39
31
Total $ 26,943
$ 10,852
$ 9,766
$ 4,432
$ 1,893
(a) Amounts represent nominal value of debt obligations. See Note 6, "Debt," to the Notes to our consolidated financial statements included in this
Annual Report under the caption Item 8, "Financial Statements and Supplementary Data.”
(b) Amounts represent the estimated commitment fees and interest payments based on the principal amounts, minimum non-cancelable maturity dates
and applicable interest rates on the debt at December 31, 2015.
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 ℠
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