Restructuring And Asset Impairment Charges

6 Months Ended

Jun. 30, 2012

Restructuring and Related Activities [Abstract]

Restructuring and Asset Impairment Charges

Closed Restructuring Program

Over the past several years, we have been focused on reducing our operating costs. In connection with this strategy, and in recognition of the challenging economic environment, we reduced our employee headcount from approximately 10,900 at January 1, 2008 (the beginning of the restructuring period) to approximately 7,500 at December 31, 2011 (the end of the restructuring period). Additionally, we reduced our branch network from 697 locations at January 1, 2008 to 529 locations at December 31, 2011. For the three and six months ended June 30, 2011, the restructuring charge primarily reflected branch closure charges due to continuing lease obligations at vacant facilities.

Current Restructuring Program

In the second quarter of 2012, we initiated a new restructuring program related to severance costs and branch closure charges associated with the RSC merger. The branch closure charges principally relate to continuing lease obligations at vacant facilities closed subsequent to the RSC merger. As of June 30, 2012, our employee headcount is approximately 11,500 and our branch network has 969 rental locations. Subsequent to June 30, 2012, we expect to incur an additional $60 to $80 of charges in connection with the restructuring, which is expected to be substantially complete by March 31, 2013.

The table below provides certain information concerning our restructuring charges for the six months ended June 30, 2012:



	Reserve Balance at		Charged to Costs and Expenses(1)		Payments and Other			Reserve Balance at
Description	December 31, 2011		Charged to Costs and Expenses(1)		Payments and Other			June 30, 2012
Closed Restructuring Program
Branch closure charges	$	27	$	1	$	(2	)	$	26
Severance costs	1		—		(1		)	—
Total	$	28	$	1	$	(3	)	$	26
Current Restructuring Program
Branch closure charges	$	—	$	18	$	(1	)	$	17
Severance costs	—		34		(14		)	20
Total	$	—	$	52	$	(15	)	$	37
Total
Branch closure charges	$	27	$	19	$	(3	)	$	43
Severance costs	1		34		(15		)	20
Total	$	28	$	53	$	(18	)	$	63

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(1)	Reflected in our condensed consolidated statements of operations as “Restructuring charge.” These charges are not allocated to our reportable segments.

Asset Impairment Charges

In addition to the restructuring charges discussed above, during the three and six months ended June 30, 2012, we recorded asset impairment charges of $2 and $3, respectively, in our general rentals segment. During the three and six months ended June 30, 2011, we recorded asset impairment charges of $1 in our general rentals segment. The asset impairment charges are primarily reflected in non-rental depreciation and amortization in the accompanying consolidated statements of operations and principally relate to write-offs of leasehold improvements and other fixed assets in connection with the restructuring activity discussed above.

- 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.

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