XML 18 R7.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Restructuring | 6 Months Ended
--- | ---
Jun. 30, 2016
Restructuring and Related Activities [Abstract] |
Restructuring Activities | Restructuring 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”). In first quarter 2016, the Company expanded the T15 restructuring to take advantage of additional efficiency opportunities. The expanded T15 restructuring fits within the initiative’s focus areas to identify best practices and drive efficiency throughout the organization, including the consolidation of rental locations. During the six months ended June 30, 2016, as part of this process, the Company formally communicated the termination of employment to approximately 420 employees, and as of June 30, 2016, the Company had terminated approximately 350 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 $7 million related to this initiative to be incurred in 2016. In conjunction with previous acquisitions, the Company identified opportunities to integrate and streamline its operations, primarily in Europe (the “Acquisition integration”). During the six months ended June 30, 2016, as part of this process, the Company formally communicated the termination of employment to approximately 105 employees, and as of June 30, 2016, the Company had terminated approximately 90 of these employees. The Company expects further restructuring expense of approximately $3 million related to this initiative to be incurred in 2016. The following tables summarize the activity related to our restructuring liabilities:
|  |  |  | Americas |  | International |  | Total
Balance as of January 1, 2016 |  |  | $ | 1 |  |  | $ | 10 |  |  | $ | 11 |
| T15 restructuring expense |  |  | 8 |  |  | 7 |  |  | 15 |
| Acquisition integration expense |  |  | — |  |  | 6 |  |  | 6 |
| Avis Europe restructuring expense |  |  | — |  |  | (1 | ) |  | (1 | )
| T15 restructuring payment/utilization |  |  | (7 | ) |  | (2 | ) |  | (9 | )
| Acquisition integration payment |  |  | (1 | ) |  | (11 | ) |  | (12 | )
| Avis Europe restructuring payment |  |  | — |  |  | (1 | ) |  | (1 | )
Balance as of June 30, 2016 |  |  | $ | 1 |  |  | $ | 8 |  |  | $ | 9 |
|  | Personnel Related |  | Facility Related |  | Other (a) |  | Total
Balance as of January 1, 2016 | $ | 10 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 11 |
| T15 restructuring expense | 11 |  |  | 1 |  |  | 3 |  |  | 15 |
| Acquisition integration expense | 6 |  |  | — |  |  | — |  |  | 6 |
| Avis Europe restructuring expense | — |  |  | (1 | ) |  | — |  |  | (1 | )
| T15 restructuring payment/utilization | (6 | ) |  | — |  |  | (3 | ) |  | (9 | )
| Acquisition integration payment | (12 | ) |  | — |  |  | — |  |  | (12 | )
| Avis Europe restructuring payment | (1 | ) |  | — |  |  | — |  |  | (1 | )
Balance as of June 30, 2016 | $ | 8 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 9 |
_________
(a) | Includes expense related primarily to the write-down of certain vehicle assets.

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