Restructuring (Tables)

3 Months Ended

Mar. 31, 2013

Restructuring and Related Activities [Abstract]

Summary of restructuring charges in consolidated statement of operations

Restructuring charges in our consolidated statement of operations can be summarized as follows (in millions of dollars).



	Three Months Ended March 31,
	2013		2012
By Type:
Termination benefits	$	2.3	$	2.7
Consultant costs	0.3		0.2
Facility closure and lease obligation costs	1.1		3.8
Total	$	3.7	$	6.7



	Three Months Ended March 31,
	2013		2012
By Caption:
Direct operating	$	1.4	$	4.9
Selling, general and administrative	2.3		1.8
Total	$	3.7	$	6.7



	Three Months Ended March 31,
	2013		2012
By Segment:
Car rental	$	3.1	$	3.5
Equipment rental	0.5		3.2
Other reconciling items	0.1		—
Total	$	3.7	$	6.7

Schedule of activity affecting the restructuring accrual

The following table sets forth the activity affecting the restructuring accrual during the three months ended March 31, 2013 (in millions of dollars). We expect to pay the remaining restructuring obligations relating to termination benefits over the next twelve months. The remainder of the restructuring accrual relates to future lease obligations which will be paid over the remaining term of the applicable leases.



	Termination Benefits			Pension and Post Retirement Expense		Consultant Costs			Other			Total
Balance as of January 1, 2013	$	12.4		$	0.2	$	0.3		$	8.1		$	21.0
Charges incurred	2.3			—		0.3			1.1			3.7
Cash payments	(5.7		)	—		(0.4		)	(0.8		)	(6.9		)
Other⁽¹⁾	(0.3		)	—		—			(1.3		)	(1.6		)
Balance as of March 31, 2013	$	8.7		$	0.2	$	0.2		$	7.1		$	16.2

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(1)	Primarily consists of increases of $1.3 million for facility closures and $0.3 million for foreign currency translation.

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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