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Restructuring and Transaction Related Expenses | 12 Months Ended
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Dec. 31, 2024
Restructuring and Acquisition Related Expenses [Abstract] |
Restructuring and Transaction Related Expenses [Text Block] | Restructuring and Transaction Related Expenses From time to time, we initiate restructuring plans to integrate acquired businesses, to align our workforce with strategic business activities, or to improve efficiencies in our operations. Below is a summary of our current restructuring plans: 2024 Global Restructuring Plan In the first quarter of 2024, we began a global restructuring initiative focused on enhancing profitability. This initiative includes exiting businesses and markets that do not align with our strategic objectives and executing on opportunities to reduce costs, streamline operations and consolidate facilities. As we continue to move forward with our plan, we have incurred and expect to incur impairments and other charges related to the disposal of long-lived assets, inventory, and other assets; costs for employee severance; lease termination charges and facility closure costs; and other contract termination charges. We expect that the largest portion of the activity will come from the Europe segment. In 2024, we divested our operations in Slovenia and Bosnia to third parties and, certain operations in Poland to Mekonomen, an equity method investment of which we own 26.6%, and received a combination of cash and notes receivable. Our decision to exit these markets constituted a triggering event to evaluate certain long-lived assets for impairment, and as a result, we incurred impairment charges with the divestitures of Slovenia, Poland, and Bosnia. This plan is scheduled to be substantially complete by the end of 2025 with an estimated total incurred cost of between $130 million and $150 million. 2022 Global Restructuring Plan In the fourth quarter of 2022, we began a restructuring initiative covering all of our reportable segments designed to reduce costs, streamline operations, consolidate facilities and implement other strategic changes to the overall organization. We have incurred costs primarily for employee severance, inventory or other asset write-downs, and exiting facilities. This plan was completed in 2024 with a total incurred cost of $30 million. 1 LKQ Europe Plan In 2019, we announced a multi-year plan called "1 LKQ Europe" which is intended to create structural centralization and standardization of key functions to facilitate the operation of the Europe segment as a single business. Under the 1 LKQ Europe plan, we are reorganizing our non-customer-facing teams and support systems through various projects including the implementation of a common Enterprise Resource Planning platform, rationalization of our product portfolio, and creation of a Europe headquarters office and central back office. We completed the organizational design and implementation projects in June 2021, with the remaining projects scheduled to be completed by the end of 2027 with a total incurred cost of between $30 million and $40 million. Acquisition Integration Plans After completing the acquisition of a business, we may incur costs related to integrating the acquired business into our current business structure and systems. These costs are typically incurred within a year from the acquisition date and vary in magnitude depending on the size and complexity of the related integration activities. We substantially completed the integration plan in 2024 related to the Uni-Select Acquisition in our Wholesale - North America segment. The following table sets forth the expenses incurred related to our restructuring plans (in millions):
|  |  |  | Year Ended December 31,
Plan |  | Expense Type |  | 2024 |  | 2023 |  | 2022
2024 Global Plan |  | Employee related costs |  | $ | 35 |  |  | $ | — |  |  | $ | — |
|  | Facility exit costs |  | 7 |  |  | — |  |  | — |
|  | Inventory related costs (1) |  | 13 |  |  | — |  |  | — |
|  | Asset impairments (2) |  | 49 |  |  | — |  |  | — |
|  | Other costs |  | 7 |  |  | — |  |  | — |
|  | Total |  | $ | 111 |  |  | $ | — |  |  | $ | — |
2022 Global Plan |  | Employee related costs |  | $ | 2 |  |  | $ | 4 |  |  | $ | 6 |
|  | Facility exit costs |  | 3 |  |  | 7 |  |  | 1 |
|  | Inventory related costs (1) |  | — |  |  | 2 |  |  | — |
|  | Other costs |  | — |  |  | 2 |  |  | 3 |
|  | Total |  | $ | 5 |  |  | $ | 15 |  |  | $ | 10 |
2019/2020 Global Plan |  | Facility exit costs |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |
|  | Total |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |
1 LKQ Europe Plan |  | Employee related costs |  | $ | 2 |  |  | $ | 1 |  |  | $ | 1 |
|  | Facility exit costs |  | 1 |  |  | — |  |  | — |
|  | Inventory related costs (1) |  | 2 |  |  | 2 |  |  | — |
|  | Total |  | $ | 5 |  |  | $ | 3 |  |  | $ | 1 |
Acquisition Integration Plans |  | Employee related costs |  | $ | 4 |  |  | $ | 23 |  |  | $ | 2 |
|  | Facility exit costs |  | 16 |  |  | 5 |  |  | 1 |
|  | Other costs |  | 5 |  |  | 1 |  |  | — |
|  | Total |  | $ | 25 |  |  | $ | 29 |  |  | $ | 3 |
Total restructuring expenses |  |  |  | $ | 146 |  |  | $ | 48 |  |  | $ | 15 |
(1) Recorded to Cost of goods sold in the Consolidated Statements of Income. (2) Related to impairment of assets in Property, plant and equipment, net and Prepaid expenses and other current assets on the Consolidated Balance Sheets. The following table sets forth the cumulative plan costs by segment related to our restructuring plans (in millions):
|  | Cumulative Program Costs
|  | Wholesale - North America |  | Europe |  | Specialty |  | Self Service |  | Total
2024 Global Plan |  | $ | 15 |  |  | $ | 96 |  |  | $ | — |  |  | $ | — |  |  | $ | 111 |
2022 Global Plan |  | 2 |  |  | 20 |  |  | 4 |  |  | 4 |  |  | 30 |
1 LKQ Europe Plan |  | — |  |  | 15 |  |  | — |  |  | — |  |  | 15 |
Transaction Related Expenses During the years ended December 31, 2024, 2023 and 2022, we incurred expenses totaling $4 million, $21 million and $5 million, respectively, for legal, accounting and advisory services related to completed and potential transactions.

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- Definition The entire description for costs incurred to effect a business combination that have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent + Details
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