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Restructuring and Other Related Charges | 9 Months Ended
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Sep. 30, 2024
Restructuring and Related Activities [Abstract] |
Restructuring and Other Related Charges | Restructuring and Other Related Charges During the first quarter of 2024, we initiated a global restructuring plan to further right size our operations (“Global Rightsizing”). The costs associated with this initiative are primarily related to the operational scaling of processes, locations, and lines of business. We expect further restructuring expense of approximately $10 million related to this initiative to be incurred this year and for this initiative to continue into 2025. During the second quarter of 2022, we initiated a restructuring plan to focus on consolidating our global operations by designing new processes and implementing new systems (“Cost Optimization”). We expect this initiative to be completed this year. 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 |  |  |  | Other (a) |  | Total
Balance as of January 1, 2024 |  | $ | 4 |  |  |  |  | $ | — |  |  | $ | 4 |
Restructuring expense: |  |  |  |  |  |  |  |
Global Rightsizing |  | 9 |  |  |  |  | 13 |  |  | 22 |
Cost Optimization |  | — |  |  |  |  | 1 |  |  | 1 |
Restructuring payments and utilization: |  |  |  |  |  |  |  |
Global Rightsizing |  | (6) |  |  |  |  | (4) |  |  | (10) |
Cost Optimization |  | (1) |  |  |  |  | (1) |  |  | (2) |
Balance as of September 30, 2024 |  | $ | 6 |  |  |  |  | $ | 9 |  |  | $ | 15 |
________ (a) Includes expenses primarily related to the disposition of vehicles.
|  | Americas |  | International |  | Total
Balance as of January 1, 2024 |  | $ | 2 |  |  | $ | 2 |  |  | $ | 4 |
Restructuring expense: |  |  |  |  |  |
Global Rightsizing |  | 16 |  |  | 6 |  |  | 22 |
Cost Optimization |  | 1 |  |  | — |  |  | 1 |
Restructuring payments and utilization: |  |  |  |  |  |
Global Rightsizing |  | (7) |  |  | (3) |  |  | (10) |
Cost Optimization |  | (1) |  |  | (1) |  |  | (2) |
Balance as of September 30, 2024 |  | $ | 11 |  |  | $ | 4 |  |  | $ | 15 |

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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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