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Restructuring and Other Related Charges | 6 Months Ended
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Jun. 30, 2025
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 $15 million related to this initiative to be incurred this year. In 2022, we initiated a restructuring plan to focus on consolidating our global operations by designing new processes and implementing new systems (“Cost Optimization”). This initiative is 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 as of January 1, 2025 |  | $ | 10 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 17 |
Restructuring expense: |  |  |  |  |  |  |  |
Global Rightsizing (a) |  | 42 |  |  | 4 |  |  | 27 |  |  | 73 |
Restructuring payment/utilization: |  |  |  |  |  |  |  |
Global Rightsizing (a) |  | (20) |  |  | (1) |  |  | (18) |  |  | (39) |
Cost Optimization |  | (1) |  |  | — |  |  | — |  |  | (1) |
Balance as of June 30, 2025 |  | $ | 31 |  |  | $ | 3 |  |  | $ | 16 |  |  | $ | 50 |
__________ (a)Other includes the disposition of vehicles.
|  | Americas |  | International |  | Total
Balance as of January 1, 2025 |  | $ | 9 |  |  | $ | 8 |  |  | $ | 17 |
Restructuring expense: |  |  |  |  |  |
Global Rightsizing |  | 9 |  |  | 64 |  |  | 73 |
Restructuring payment/utilization: |  |  |  |  |  |
Global Rightsizing |  | (17) |  |  | (22) |  |  | (39) |
Cost Optimization |  | (1) |  |  | — |  |  | (1) |
Balance as of June 30, 2025 |  | $ | — |  |  | $ | 50 |  |  | $ | 50 |
Other Related Charges Officer Separation Costs In February 2025, we announced that Joseph A. Ferraro, President and Chief Executive Officer, will transition to a Board Advisor role effective June 30, 2025. In connection with Mr. Ferraro’s departure, we recorded other related charges of approximately $8 million for the three and six months ended June 30, 2025, and expect further expense of approximately $7 million to be incurred this year.

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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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