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Restructuring | 9 Months Ended
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Sep. 30, 2019
Restructuring and Related Activities [Abstract] |
Restructuring Activities | Restructuring and Other Related Charges Restructuring During third quarter 2019, the Company initiated a restructuring plan to exit its operations in Brazil by closing rental facilities, disposing of assets and terminating personnel (“Brazil”). During the three months ended September 30, 2019, as part of this initiative, the Company formally communicated the termination of employment to approximately 175 employees. The Company recorded $6 million of restructuring expense for the three months ended September 30, 2019 related to this initiative and expects further expense of approximately $10 million to be incurred. During first quarter 2019, the Company initiated a restructuring plan to drive global efficiency by improving processes and consolidating functions, and to create new objectives and strategies for its U.S. truck rental operations by reducing headcount, large vehicles and rental locations (“T19”). During the nine months ended September 30, 2019, as part of this process, the Company formally communicated the termination of employment to approximately 470 employees, and as of September 30, 2019, the Company had terminated approximately 365 of these employees. The Company expects further restructuring expense of approximately $15 million related to this initiative to be incurred in 2019. 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”). The costs associated with this initiative primarily represent severance, outplacement services and other costs associated with employee terminations, the majority of which have been settled in cash. This initiative is complete. The following tables summarize the changes to our restructuring-related liabilities and identifies 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, 2019 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 2 |
| Restructuring expense: |  |  |  |  |  |  |
| Brazil |  |  | 6 |  |  | — |  |  | 6 |
| T19 |  |  | 34 |  |  | 11 |  |  | 45 |
| Restructuring payment/utilization: |  |  |  |  |  |  |
| Brazil |  |  | (4 | ) |  | — |  |  | (4 | )
| T19 |  |  | (34 | ) |  | (9 | ) |  | (43 | )
| Workforce planning |  |  | — |  |  | (1 | ) |  | (1 | )
Balance as of September 30, 2019 |  |  | $ | 2 |  |  | $ | 3 |  |  | $ | 5 |
|  | Personnel |  | Facility Related |  | Other (a) |  | Total
Balance as of January 1, 2019 | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 2 |
| Restructuring expense: |  |  |  |  |  |  |
| Brazil | 1 |  |  | 1 |  |  | 4 |  |  | 6 |
| T19 | 16 |  |  | — |  |  | 29 |  |  | 45 |
| Restructuring payment/utilization: |  |  |  |  |  |  |
| Brazil | — |  |  | — |  |  | (4 | ) |  | (4 | )
| T19 | (15 | ) |  | — |  |  | (28 | ) |  | (43 | )
| Workforce planning | (1 | ) |  | — |  |  | — |  |  | (1 | )
Balance as of September 30, 2019 | $ | 2 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 5 |
__________
(a) | Includes expenses primarily related to the disposition of vehicles.
Other Related Charges Officer Separation Costs In March 2019, the Company announced the resignation of Mark J. Servodidio as the Company’s President, International effective June 14, 2019. In connection with Mr. Servodidio’s departure, the Company recorded other related charges of approximately $3 million, inclusive of accelerated stock-based compensation expense. In May 2019, the Company announced the resignation of Larry D. De Shon as the Company’s President and Chief Executive Officer. Mr. De Shon will continue to serve in his role until a successor has been named and will be employed by the Company through December 31, 2019. In connection with Mr. De Shon’s departure, the Company recorded other related charges of approximately $12 million, inclusive of accelerated stock-based compensation expense and executive search firm fees, and expects approximately $2 million to be incurred in 2019 for the remaining portion of accelerated stock-based compensation expense.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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