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Restructuring | 6 Months Ended
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Jun. 30, 2018
Restructuring and Related Activities [Abstract] |
Restructuring Activities | Restructuring and Other Related Charges Restructuring During first quarter 2018, the Company initiated a strategic restructuring plan to improve processes and reduce headcount in response to its new workforce planning technology that allows more effective management of staff levels (“Workforce planning”). During the six months ended June 30, 2018, as part of this process, the Company formally communicated the termination of employment to 91 employees, and as of June 30, 2018, the Company had terminated the employment of 87 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 $11 million related to this initiative to be incurred in 2018. During fourth quarter 2017, the Company initiated a strategic restructuring initiative to better position its truck rental operations in the U.S., in which it closed certain rental locations and reduced the size of the older rental fleet, with the intent to increase fleet utilization and reduce vehicle and overhead costs (“Truck initiative”). The Company expects further restructuring expense of approximately $1 million related to this initiative to be incurred in 2018. During first quarter 2017, the Company initiated a strategic restructuring initiative to drive operational efficiency throughout the organization by reducing headcount, improving processes and consolidating functions, closing certain rental locations and decreasing the size of its fleet (“T17”). As of June 30, 2018, the Company had terminated the employment of 673 employees related to this initiative. 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. This initiative is substantially complete. The following tables summarize the changes to our restructuring-related liabilities and identify the amounts recorded within the Company’s reporting segments for restructuring charges and corresponding payments and utilizations:
|  | Americas |  | International |  | Total
Balance as of January 1, 2018 | $ | 1 |  |  | $ | 3 |  |  | $ | 4 |
| Restructuring expense: |  |  |  |  |
| Workforce planning | 2 |  |  | 5 |  |  | 7 |
| Truck initiative | 2 |  |  | — |  |  | 2 |
| Restructuring payment/utilization: |  |  |  |  |
| Workforce planning | (2 | ) |  | (4 | ) |  | (6 | )
| Truck initiative | (2 | ) |  | — |  |  | (2 | )
| T17 | (1 | ) |  | (2 | ) |  | (3 | )
Balance as of June 30, 2018 | $ | — |  |  | $ | 2 |  |  | $ | 2 |
|  | Personnel Related |  | Other (a) |  | Total
Balance as of January 1, 2018 | $ | 4 |  |  | $ | — |  |  | $ | 4 |
| Restructuring expense: |  |  |  |  |
| Workforce planning | 6 |  |  | 1 |  |  | 7 |
| Truck initiative | — |  |  | 2 |  |  | 2 |
| Restructuring payment/utilization: |  |  |  |  |
| Workforce planning | (5 | ) |  | (1 | ) |  | (6 | )
| Truck initiative | — |  |  | (2 | ) |  | (2 | )
| T17 | (3 | ) |  | — |  |  | (3 | )
Balance as of June 30, 2018 | $ | 2 |  |  | $ | — |  |  | $ | 2 |
__________
(a) | Includes expenses primarily related to the disposition of vehicles.
Other Related Charges Officer Separation Costs On May 12, 2017, the Company announced the resignation of David B. Wyshner as the Company’s President and Chief Financial Officer. In connection with Mr. Wyshner’s departure, the Company recorded other related charges of $7 million during the three and six months ended June 30, 2017, inclusive of accelerated stock-based compensation expense of $2 million. Limited Voluntary Opportunity Plans (“LVOP”) During 2017, the Company offered voluntary termination programs to certain employees in the Americas’ field operations, shared services, and general and administrative functions for a limited time. These employees, if qualified, elected resignation from employment in return for enhanced severance benefits to be settled in cash. During the three and six months ended June 30, 2017, the Company recorded other related charges of $14 million. As of June 30, 2018, 358 qualified employees elected to participate in the plans and the employment of all participants had been terminated.

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- 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 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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