XML 37 R13.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Restructuring | 12 Months Ended
--- | ---
Dec. 31, 2015
Restructuring and Related Activities [Abstract] |
Restructuring |
4. | Restructuring
In conjunction with recent acquisitions (see Note 5-Acquisitions), the Company has identified opportunities to integrate and streamline its operations, primarily in Europe (the “Acquisition integration”). During the year ended December 31, 2015, as part of this process, the Company formally communicated the termination of employment to approximately 180 employees, and as of December 31, 2015, the Company terminated approximately 140 of these employees. The costs associated with this initiative primarily represent severance, outplacement services and other costs associated with employee terminations, the majority of which have been or are expected to be settled in cash. The Company expects further restructuring expense of approximately $10 million related to this initiative to be incurred in 2016. In 2014, the Company committed to various strategic initiatives to identify best practices and drive efficiency throughout its organization, by reducing headcount, improving processes and consolidating functions (the “T15 restructuring”). During the years ended December 31, 2015 and 2014, as part of this process, the Company formally communicated the termination of employment to approximately 325 and 75 employees, respectively. During 2015, the Company terminated approximately 315 of the affected employees. The costs associated with this initiative primarily represent severance, outplacement services and other costs associated with employee terminations, the majority of which have been or are expected to be settled in cash. The Company does not anticipate any further restructuring expense related to this phase of the initiative. In 2012, the Company initiated a strategic restructuring initiative to better position its truck rental operations in the United States, in which it closed certain rental locations and decreased the size of the rental fleet, with the intent to increase fleet utilization and reduce costs (the “Truck Rental restructuring”). This initiative is complete. In 2011, subsequent to the acquisition of Avis Europe plc, the Company initiated restructuring initiatives, identifying synergies across the Company, enhancing organizational efficiencies and consolidating and rationalizing processes (the “Avis Europe restructuring”). During the years ended December 31, 2014 and 2013, as part of this process, the Company formally communicated the termination of employment to approximately 230 and 580 employees, respectively. The costs associated with severance, outplacement services and other costs associated with employee terminations were settled in cash. This initiative is substantially complete. The following tables summarize the change to our restructuring-related liabilities and identify the amounts recorded within the Company’s reporting segments for restructuring charges and corresponding payments and utilizations:
|  | Personnel Related |  | Facility Related |  | Other (a) |  | Total
Balance as of January 1, 2013 | $ | 12 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 13 |
| Avis Europe restructuring expense | 34 |  |  | 6 |  |  | — |  |  | 40 |
| Truck Rental restructuring expense | — |  |  | — |  |  | 21 |  |  | 21 |
| Avis Europe restructuring payment | (29 | ) |  | (2 | ) |  | — |  |  | (31 | )
| Truck Rental payment/utilization | — |  |  | — |  |  | (21 | ) |  | (21 | )
Balance as of December 31, 2013 | 17 |  |  | 5 |  |  | — |  |  | 22 |
| Avis Europe restructuring expense | 20 |  |  | 1 |  |  | — |  |  | 21 |
| T15 restructuring expense | 5 |  |  | — |  |  | — |  |  | 5 |
| Avis Europe restructuring payment | (27 | ) |  | (3 | ) |  | — |  |  | (30 | )
| T15 restructuring payment | (1 | ) |  | — |  |  | — |  |  | (1 | )
Balance as of December 31, 2014 | 14 |  |  | 3 |  |  | — |  |  | 17 |
| T15 restructuring expense | 9 |  |  | — |  |  | — |  |  | 9 |
| Acquisition integration expense | 9 |  |  | — |  |  | — |  |  | 9 |
| Avis Europe restructuring payment | (7 | ) |  | (2 | ) |  | — |  |  | (9 | )
| T15 restructuring payment | (12 | ) |  | — |  |  | — |  |  | (12 | )
| Acquisition integration payment | (3 | ) |  | — |  |  | — |  |  | (3 | )
Balance as of December 31, 2015 | $ | 10 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 11 |
__________
(a) | Includes expenses related to the disposition of vehicles.
|  | Americas |  | International |  | Total
Balance as of January 1, 2013 | $ | 1 |  |  | $ | 12 |  |  | $ | 13 |
| Avis Europe restructuring expense | 7 |  |  | 33 |  |  | 40 |
| Truck Rental restructuring expense | 21 |  |  | — |  |  | 21 |
| Avis Europe restructuring payment | (7 | ) |  | (24 | ) |  | (31 | )
| Truck Rental payment/utilization | (21 | ) |  | — |  |  | (21 | )
Balance as of December 31, 2013 | 1 |  |  | 21 |  |  | 22 |
| Avis Europe restructuring expense | 4 |  |  | 17 |  |  | 21 |
| T15 restructuring expense | 4 |  |  | 1 |  |  | 5 |
| Avis Europe restructuring payment | (4 | ) |  | (26 | ) |  | (30 | )
| T15 restructuring payment | (1 | ) |  | — |  |  | (1 | )
Balance as of December 31, 2014 | 4 |  |  | 13 |  |  | 17 |
| T15 restructuring expense | 6 |  |  | 3 |  |  | 9 |
| Acquisition integration expense | 1 |  |  | 8 |  |  | 9 |
| Avis Europe restructuring payment | (1 | ) |  | (8 | ) |  | (9 | )
| T15 restructuring payment | (8 | ) |  | (4 | ) |  | (12 | )
| Acquisition integration payment | (1 | ) |  | (2 | ) |  | (3 | )
Balance as of December 31, 2015 | $ | 1 |  |  | $ | 10 |  |  | $ | 11 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration