XML 118 R13.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Restructuring | 12 Months Ended
--- | ---
Dec. 31, 2019
Restructuring and Related Activities [Abstract] |
Restructuring | 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”). As of December 31, 2019, the Company terminated the employment of approximately 195 employees. The Company expects further restructuring expense of approximately $8 million related to this initiative. 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 truck rental operations in the U.S. by reducing headcount, large vehicles and rental locations (“T19”). During the year ended December 31, 2019, as part of this process, the Company formally communicated the termination of employment to approximately 540 employees, and as of December 31, 2019, the Company had terminated approximately 440 of these employees. The Company expects no further restructuring expense related to this initiative. This initiative is substantially complete. 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 or are expected to be settled in cash. This initiative is complete. 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”). This initiative is complete. 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”). 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 complete. 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 (“T15”). 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. 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 change to our restructuring-related liabilities and identifies 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, 2017 | $ | 5 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 6 |
Restructuring expense: |  |  |  |  |  |  |
Truck initiative | 1 |  |  | — |  |  | 4 |  |  | 5 |
T17 | 20 |  |  | — |  |  | 15 |  |  | 35 |
Restructuring payment/utilization: |  |  |  |  |  |  |
Truck initiative | (1 | ) |  | — |  |  | (4 | ) |  | (5 | )
T17 | (17 | ) |  | (1 | ) |  | (15 | ) |  | (33 | )
T15 | (3 | ) |  | — |  |  | — |  |  | (3 | )
Acquisition integration | (1 | ) |  | — |  |  | — |  |  | (1 | )
Balance as of December 31, 2017 | 4 |  |  | — |  |  | — |  |  | 4 |
Restructuring expense: |  |  |  |  |  |  |
Workforce planning | 11 |  |  | — |  |  | 2 |  |  | 13 |
Truck initiative | 1 |  |  | — |  |  | 4 |  |  | 5 |
T17 | — |  |  | — |  |  | 2 |  |  | 2 |
T15 | 1 |  |  | — |  |  | — |  |  | 1 |
Restructuring payment/utilization: |  |  |  |  |  |  |
Workforce planning | (11 | ) |  | — |  |  | (1 | ) |  | (12 | )
Truck initiative | (1 | ) |  | — |  |  | (4 | ) |  | (5 | )
T17 | (3 | ) |  | — |  |  | (2 | ) |  | (5 | )
T15 | (1 | ) |  | — |  |  | — |  |  | (1 | )
Balance as of December 31, 2018 | 1 |  |  | — |  |  | 1 |  |  | 2 |
Restructuring expense: |  |  |  |  |  |  |
T19 | 24 |  |  | — |  |  | 31 |  |  | 55 |
Brazil | 1 |  |  | 1 |  |  | 5 |  |  | 7 |
Restructuring payment/utilization: |  |  |  |  |  |  |
T19 | (21 | ) |  | — |  |  | (30 | ) |  | (51 | )
Brazil | (1 | ) |  | — |  |  | (5 | ) |  | (6 | )
Workforce planning | (1 | ) |  | — |  |  | — |  |  | (1 | )
Balance as of December 31, 2019 | $ | 3 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 6 |
__________
(a) | Includes expenses primarily related to the disposition of vehicles.
| Americas |  | International |  | Total
Balance as of January 1, 2017 | $ | 1 |  |  | $ | 5 |  |  | $ | 6 |
Restructuring expense: |  |  |  |  |
Truck initiative | 5 |  |  | — |  |  | 5 |
T17 | 25 |  |  | 10 |  |  | 35 |
Restructuring payment/utilization: |  |  |  |  |
Truck initiative | (5 | ) |  | — |  |  | (5 | )
T17 | (24 | ) |  | (9 | ) |  | (33 | )
T15 | (1 | ) |  | (2 | ) |  | (3 | )
Acquisition integration | — |  |  | (1 | ) |  | (1 | )
Balance as of December 31, 2017 | 1 |  |  | 3 |  |  | 4 |
Restructuring expense: |  |  |  |  |
Workforce planning | 4 |  |  | 9 |  |  | 13 |
Truck initiative | 5 |  |  | — |  |  | 5 |
T17 | 2 |  |  | — |  |  | 2 |
T15 | — |  |  | 1 |  |  | 1 |
Restructuring payment/utilization: |  |  |  |  |
Workforce planning | (4 | ) |  | (8 | ) |  | (12 | )
Truck initiative | (5 | ) |  | — |  |  | (5 | )
T17 | (3 | ) |  | (2 | ) |  | (5 | )
T15 | — |  |  | (1 | ) |  | (1 | )
Balance as of December 31, 2018 | — |  |  | 2 |  |  | 2 |
Restructuring expense: |  |  |  |  |
T19 | 39 |  |  | 16 |  |  | 55 |
Brazil | 7 |  |  | — |  |  | 7 |
Restructuring payment/utilization: |  |  |  |  |
T19 | (38 | ) |  | (13 | ) |  | (51 | )
Brazil | (6 | ) |  | — |  |  | (6 | )
Workforce planning | — |  |  | (1 | ) |  | (1 | )
Balance as of December 31, 2019 | $ | 2 |  |  | $ | 4 |  |  | $ | 6 |
Other Related Charges Officer Separation Costs 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 continued to serve in his role until a successor had been named and was employed by the Company through December 31, 2019. In connection with Mr. De Shon’s departure, the Company recorded other related charges of approximately $14 million, inclusive of accelerated stock-based compensation expense and executive search firm fees. 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 $4 million, inclusive of accelerated stock-based compensation expense. 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 year ended December 31, 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 year ended December 31, 2017, the Company recorded other related charges of $16 million in connection with LVOP.

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration