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Restructuring and Other Related Charges | 12 Months Ended
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Dec. 31, 2022
Restructuring and Related Activities [Abstract] |
Restructuring and Other Related Charges | Restructuring During second quarter 2022, we initiated a restructuring plan to focus on consolidating our global operations by designing new processes and implementing new systems (“Cost Optimization”). As of December 31, 2022, we formally communicated and terminated employment of approximately 200 employees as part of this process. We expect no further restructuring expense related to this initiative. During the first quarter of 2021, we initiated a global restructuring plan to focus on cost discipline by reviewing headcounts, facilities and contractor agreements. We transformed our business as we exited the COVID-19 crisis by controlling fixed costs and matching variable costs to demand (“T21”). We expect no further restructuring expense related to this initiative. During first quarter 2020, we initiated a global restructuring plan to reduce operating costs, such as headcount and facilities, due to declining reservations and revenue resulting from the COVID-19 outbreak (“2020 Optimization”). We expect no further restructuring expense related to this initiative. During third quarter 2019, we initiated a restructuring plan to exit our operations in Brazil by closing rental facilities, disposing of assets and terminating personnel (“Brazil”). This initiative is complete. During first quarter 2019, we initiated a restructuring plan to drive global efficiency by improving processes and consolidating functions, and to create new objectives and strategies for our truck rental operations in the U.S. by reducing headcount, large vehicles and rental locations (“T19”). This initiative is complete. The following tables summarize the change to our restructuring-related liabilities and identifies the amounts recorded within our reporting segments for restructuring charges and corresponding payments and utilizations:
| Personnel Related |  | Facility Related |  | Other (a) |  | Total
Balance at January 1, 2020 | $ | 3 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 6 |
Restructuring expense: |  |  |  |  |  |  |
2020 Optimization | 73 |  | 3 |  | 3 |  | 79
Brazil | 1 |  |  | 1 |  |  | (2) |  |  | — |
T19 | — |  |  | — |  |  | 14 |  |  | 14 |
Restructuring payment/utilization: |  |  |  |  |  |  |
2020 Optimization | (68) |  |  | (2) |  |  | (1) |  |  | (71) |
Brazil | — |  |  | (1) |  |  | 2 |  |  | 1 |
T19 | (5) |  |  | — |  |  | (15) |  |  | (20) |
Balance as of December 31, 2020 | $ | 4 |  |  | $ | 2 |  |  | $ | 3 |  |  | $ | 9 |
Restructuring expense: |  |  |  |  |  |  |
T21 | 26 |  |  | 4 |  |  | 2 |  |  | 32 |
T19 | — |  |  | — |  |  | (2) |  |  | (2) |
Restructuring payment/utilization: |  |  |  |  |  |  |
T21 | (17) |  |  | (4) |  |  | (4) |  |  | (25) |
2020 Optimization | (5) |  |  | — |  |  | — |  |  | (5) |
T19 | (1) |  |  | — |  |  | 2 |  |  | 1 |
Balance as of December 31, 2021 | $ | 7 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 10 |
Restructuring expense: |  |  |  |  |  |  |
Cost Optimization | 9 |  |  | — |  |  | — |  |  | 9 |
T21 | 3 |  |  | — |  |  | — |  |  | 3 |
Brazil | — |  |  | — |  |  | 1 |  |  | 1 |
Restructuring payment/utilization: |  |  |  |  |  |  |
Cost Optimization | (6) |  |  | — |  |  | (1) |  |  | (7) |
T21 | (8) |  |  | (1) |  |  | — |  |  | (9) |
2020 Optimization | (1) |  |  | — |  |  | — |  |  | (1) |
Brazil | — |  |  | — |  |  | (1) |  |  | (1) |
T19 | — |  |  | (1) |  |  | — |  |  | (1) |
Balance as of December 31, 2022 | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |
__________ (a)Includes expenses primarily related to the disposition of vehicles.
| Americas |  | International |  | Total
Balance at January 1, 2020 | $ | 2 |  |  | $ | 4 |  |  | $ | 6 |
Restructuring expense: |  |  |  |  |
2020 Optimization | 31 |  |  | 48 |  |  | 79 |
T19 | 14 |  |  | — |  |  | 14 |
Restructuring payment/utilization: |  |  |  |  |
2020 Optimization | (29) |  |  | (42) |  |  | (71) |
Brazil | 1 |  |  | — |  |  | 1 |
T19 | (16) |  |  | (4) |  |  | (20) |
Balance as of December 31, 2020 | 3 |  |  | 6 |  |  | 9 |
Restructuring expense: |  |  |  |  |
T21 | 5 |  |  | 27 |  |  | 32 |
T19 | (2) |  |  | — |  |  | (2) |
Restructuring payment/utilization: |  |  |  |  |
T21 | (4) |  |  | (21) |  |  | (25) |
2020 Optimization | (2) |  |  | (3) |  |  | (5) |
T19 | 2 |  |  | (1) |  |  | 1 |
Balance as of December 31, 2021 | 2 |  |  | 8 |  |  | 10 |
Restructuring expense: |  |  |  |  |
Cost Optimization | 2 |  |  | 7 |  |  | 9 |
T21 | 1 |  |  | 2 |  |  | 3 |
Brazil | 1 |  |  | — |  |  | 1 |
Restructuring payment/utilization: |  |  |  |  |
Cost Optimization | (2) |  |  | (5) |  |  | (7) |
T21 | (2) |  |  | (7) |  |  | (9) |
2020 Optimization | — |  |  | (1) |  |  | (1) |
Brazil | (1) |  |  | — |  |  | (1) |
T19 | — |  |  | (1) |  |  | (1) |
Balance as of December 31, 2022 | $ | 1 |  |  | $ | 3 |  |  | $ | 4 |
Other Related Charges Limited Voluntary Opportunity Plans (“LVOP”) During the second quarter of 2021, our operations in our International segment offered a voluntary termination program to certain employees in field operations 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, 2021, we recorded other related charges of approximately $17 million in connection with the LVOP. As of December 31, 2021, approximately 130 employees elected to participate in the plan and the participants have been terminated. During 2020, we offered a voluntary termination program to certain employees in 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, 2020, we recorded other related charges of approximately $18 million in connection with the LVOP. Officer Separation Costs In April 2022, we announced the departure of Veresh Sita as Executive Vice President and Chief Digital and Innovation Officer effective May 13, 2022. In connection with Mr. Sita’s separation, we recorded other related charges of approximately $1 million, inclusive of accelerated stock-based compensation expense, for the year ended December 31, 2022. In August 2020, we announced the resignation of John F. North, III as our Chief Financial Officer. Following his post-resignation transition to an advisory position, Mr. North continued to serve as a consultant through January 1, 2021. In connection with Mr. North’s departure, we recorded other related charges of approximately $5 million, inclusive of accelerated stock-based compensation expense for the year ended December 31, 2020. In March 2020, we announced the departure of Michael K. Tucker as Executive Vice President, General Counsel effective March 27, 2020. In connection with Mr. Tucker’s separation, we recorded other related charges of approximately $2 million for the year ended December 31, 2020.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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