HERC HOLDINGS INC PP&E Disclosure
| Buildings | 8 to 33 years | ||||
| Service vehicles | 3 to 13 years | ||||
| Machinery and equipment | 1 to 15 years | ||||
| Computer equipment | 1 to 5 years | ||||
| Furniture and fixtures | 2 to 10 years | ||||
| Leasehold improvements | The lesser of the asset life or expected lease term including lease extension options. | ||||
| December 31, 2025 | December 31, 2024 | ||||||||||
| Land and buildings | $ | 194 | $ | 136 | |||||||
| Service vehicles | 819 | 591 | |||||||||
| Leasehold improvements | 201 | 142 | |||||||||
| Machinery and equipment | 52 | 33 | |||||||||
| Computer equipment and software | 15 | 16 | |||||||||
| Furniture and fixtures | 24 | 19 | |||||||||
| Construction in progress | 50 | 22 | |||||||||
| Property and equipment, gross | 1,355 | 959 | |||||||||
| Less: accumulated depreciation | (487) | (405) | |||||||||
| Property and equipment, net | $ | 868 | $ | 554 | |||||||
| December 31, 2025 | December 31, 2024 | ||||||||||
| Service vehicles | $ | 137 | $ | 124 | |||||||
| Leased building | 7 | — | |||||||||
| Furniture and fixtures | 3 | 2 | |||||||||
| Finance lease assets, gross | 147 | 126 | |||||||||
| Less: accumulated depreciation | (70) | (52) | |||||||||
| Finance lease assets, net | $ | 77 | $ | 74 | |||||||
| December 31, 2025 | December 31, 2024 | ||||||||||
| Land, building and leasehold improvements | $ | 72 | $ | 72 | |||||||
| Less: accumulated depreciation | (44) | (42) | |||||||||
| Net assets under financing obligations | $ | 28 | $ | 30 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
| 2023 | Feb 13, 2024 | |
| 2022 | Feb 14, 2023 | |
| 2021 | Feb 10, 2022 | |
| 2020 | Feb 18, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Mar 15, 2017 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.