XML 90 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Restructuring and Asset Impairment Charges
 12 Months Ended
Dec. 31, 2012
Restructuring and Related Activities [Abstract]  
Restructuring and Asset Impairment Charges
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. The restructuring charges under the closed restructuring program for the years ended December 31, 2012, 2011 and 2010 include severance costs associated with headcount reductions, as well as branch closure charges which principally relate to continuing lease obligations at vacant facilities.
The table below provides certain information concerning our restructuring charges under the closed restructuring program:  
Description 
 
Beginning
Reserve Balance 
 
Charged to
Costs and
Expenses (1)
 
Payments
and Other
 
Ending
Reserve Balance 
Year ended December 31, 2010:
 
 
 
 
 
 
 
 
Branch closure charges
 
$
20

 
$
28

 
$
(22
)
 
$
26

Severance costs
 
1

 
6

 
(5
)
 
2

Total
 
$
21

 
$
34

 
$
(27
)
 
$
28

Year ended December 31, 2011:
 
 
 
 
 
 
 
 
Branch closure charges
 
$
26

 
$
17

 
$
(16
)
 
$
27

Severance costs
 
2

 
2

 
(3
)
 
1

Total
 
$
28

 
$
19

 
$
(19
)
 
$
28

Year ended December 31, 2012:
 
 
 
 
 
 
 
 
Branch closure charges
 
$
27

 
$
3

 
$
(11
)
 
$
19

Severance costs
 
1

 
—

 
(1
)
 
—

Total
 
$
28

 
$
3

 
$
(12
)
 
$
19

 
_________________
(1)
Reflected in our consolidated statements of income as “Restructuring charge.” The restructuring charges are not allocated to our segments.
 Between January 1, 2008 and December 31, 2012, we incurred total restructuring charges under the closed restructuring program of $107, comprised of $86 of branch closure charges and $21 of severance costs.
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 December 31, 2012, our employee headcount is approximately 11,300 and our branch network has 836 rental locations. Subsequent to December 31, 2012, we expect to incur an additional $5 to $10 of charges in connection with the restructuring, which is expected to be substantially complete by June 30, 2013.
The table below provides certain information concerning our restructuring charges under the current restructuring program for the year ended December 31, 2012:
Description 
 
Beginning
Reserve Balance 
 
Charged to
Costs and
Expenses (1)
 
Payments
and Other
 
Ending
Reserve Balance 
Year ended December 31, 2012:
 
 
 
 
 
 
 
 
Branch closure charges
 
$
—

 
$
53

 
$
(20
)
 
$
33

Severance costs
 
—

 
43

 
(34
)
 
9

Total
 
$
—

 
$
96

 
$
(54
)
 
$
42

 
_________________
(1)
Reflected in our consolidated statements of income as “Restructuring charge.” The restructuring charges are not allocated to our segments.
Asset Impairment Charges
In addition to the restructuring charges discussed above, during the years ended December 31, 2012, 2011 and 2010, we recorded asset impairment charges of $15, $4 and $9, respectively, in our general rentals segment. The impairment charges are primarily reflected in non-rental depreciation and amortization in the accompanying consolidated statements of income and principally relate to write-offs of leasehold improvements and other fixed assets in connection with the restructuring activity discussed above.