Hertz 2015 Annual Report Download - page 133
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Table of Contents
As of December 31, 2015, minimum obligations under existing agreements for revenue earning equipment and office, computer and other
equipment approximate the following:
2016
$ 14
2017
10
2018
5
2019
4
2020
4
After 2020
4
Total
$ 41
Commitments under capital leases within the Company's vehicle rental programs are included in Note 6, "Debt."
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 $ 16
$ 30
$ 42
Impairments and asset write-downs 2
23
—
Facility closure and lease obligation costs 19
15
15
Relocation costs and temporary labor costs (4)
9
19
Other —
1
1
Total $ 33
$ 78
$ 77
Direct operating $ 20
$ 35
$ 28
Selling, general and administrative 13
43
49
Total $ 33
$ 78
$ 77
U.S. Car Rental $ 23
$ 27
$ 23
International Car Rental 6
19
19
Worldwide Equipment Rental 4
5
8
Corporate —
27
27
Total $ 33
$ 78
$ 77
125
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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.