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Restructuring and Other Related Charges | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Restructuring and Other Related Charges | Restructuring and Other Related Charges In 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 $70 million related to this initiative to be incurred in 2025. In 2022, we initiated a restructuring plan to focus on consolidating our global operations by designing new processes and implementing new systems (“Cost Optimization”). In 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”). In 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”). In 2019, we initiated a restructuring plan to exit our operations in Brazil by closing rental facilities, disposing of assets and terminating personnel (“Brazil”). We also initiated a restructuring plan in that same year to drive global efficiency by improving processes and consolidating functions, and to create new objectives and strategies for our truck rental operations in the United States by reducing headcount, large vehicles and rental locations (“T19”). These initiatives are complete. The following tables summarize the changes to our restructuring-related liabilities and identify the amounts recorded within our reportable segments for restructuring charges and corresponding payments and utilizations:
| Personnel Related |  | Facility Related |  | Other |  | Total
Balance at January 1, 2022 | $ | 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 |
Restructuring expense: |  |  |  |  |  |  |
Cost Optimization | 8 |  |  | — |  |  | 2 |  |  | 10 |
Brazil | — |  |  | — |  |  | 1 |  |  | 1 |
Restructuring payment/utilization: |  |  |  |  |  |  |
Cost Optimization | (8) |  |  | — |  |  | (2) |  |  | (10) |
Brazil | — |  |  | — |  |  | (1) |  |  | (1) |
Balance as of December 31, 2023 | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |
Restructuring expense: |  |  |  |  |  |  |
Global Rightsizing (a) | 19 |  |  | — |  |  | 17 |  |  | 36 |
Cost Optimization | — |  |  | — |  |  | 1 |  |  | 1 |
Restructuring payment/utilization: |  |  |  |  |  |  |
Global Rightsizing (a) | (12) |  |  | — |  |  | (8) |  |  | (20) |
Cost Optimization | (1) |  |  | — |  |  | (3) |  |  | (4) |
Balance as of December 31, 2024 | $ | 10 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 17 |
__________ (a) Other includes the disposition of vehicles.
| Americas |  | International |  | Total
Balance at January 1, 2022 | $ | 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 |
Restructuring expense: |  |  |  |  |
Cost Optimization | 7 |  |  | 3 |  |  | 10 |
Brazil | 1 |  |  | — |  |  | 1 |
Restructuring payment/utilization: |  |  |  |  |
Cost Optimization | (6) |  |  | (4) |  |  | (10) |
Brazil | (1) |  |  | — |  |  | (1) |
Balance as of December 31, 2023 | 2 |  |  | 2 |  |  | 4 |
Restructuring expense: |  |  |  |  |
Global Rightsizing | 19 |  |  | 17 |  |  | 36 |
Cost Optimization | 1 |  |  | — |  |  | 1 |
Restructuring payment/utilization: |  |  |  |  |
Global Rightsizing | (12) |  |  | (8) |  |  | (20) |
Cost Optimization | (1) |  |  | (3) |  |  | (4) |
Balance as of December 31, 2024 | $ | 9 |  |  | $ | 8 |  |  | $ | 17 |
Other Related Charges 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.

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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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