Restructuring (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2013

Dec. 31, 2012

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 June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
By Type:
Termination benefits	$	15.2	$	13.5	$	17.4	$	16.2
Consultant costs	0.5		0.4		0.8		0.6
Facility closure and lease obligation costs	1.9		2.2		3.1		6.0
Total	$	17.6	$	16.1	$	21.3	$	22.8



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
By Caption:
Direct operating	$	6.8	$	7.0	$	8.3	$	11.9
Selling, general and administrative	10.8		9.1		13.0		10.9
Total	$	17.6	$	16.1	$	21.3	$	22.8



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
By Segment:
Car rental	$	15.8	$	11.8	$	18.9	$	15.3
Equipment rental	0.8		2.6		1.3		5.8
Other reconciling items	1.0		1.7		1.1		1.7
Total	$	17.6	$	16.1	$	21.3	$	22.8

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



	Years Ended December 31,
	2012		2011		2010
By Type:
Termination benefits	$	26.2	$	14.4	$	12.2
Pension and post retirement expense	1.0		0.4		0.4
Consultant costs	1.2		1.3		1.1
Asset writedowns	—		23.2		20.4
Facility closure and lease obligation costs	8.9		16.5		14.3
Relocation costs and temporary labor costs	0.4		0.6		5.0
Other	0.3		—		1.3
Total	$	38.0	$	56.4	$	54.7



	Years Ended December 31,
	2012		2011		2010
By Caption:
Direct operating	$	22.6	$	46.6	$	43.5
Selling, general and administrative	15.4		9.8		11.2
Total	$	38.0	$	56.4	$	54.7



	Years Ended December 31,
	2012		2011			2010
By Segment:
Car rental	$	26.4	$	16.6		$	18.1
Equipment rental	8.8		40.5			34.7
Other reconciling items	2.8		(0.7		)	1.9
Total	$	38.0	$	56.4		$	54.7

Schedule of activity affecting the restructuring accrual

The following table sets forth the activity affecting the restructuring accrual during the three months ended June 30, 2013 (in millions of dollars). We expect to pay the remaining restructuring obligations relating to termination benefits over the next 12 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	17.4			—			0.8			3.1			21.3
Cash payments	(17.4		)	(0.2		)	(0.9		)	(1.5		)	(20.0		)
Other⁽¹⁾	(0.3		)	—			—			(3.2		)	(3.5		)
Balance as of June 30, 2013	$	12.1		$	—		$	0.2		$	6.5		$	18.8

_______________________________________________________________________________

(1)Primarily consists of $3.2 million for facility closures and $0.3 million for foreign currency translation.

The following table sets forth the activity affecting the restructuring accrual during the year ended December 31, 2012 (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, 2011	$	6.3		$	0.2		$	0.1		$	10.9		$	17.5
Charges incurred		14.4			0.4			1.3			40.3			56.4
Cash payments		(15.5	)		—			(0.6	)		(2.3	)		(18.4	)
Other(1)		3.9			(0.4	)		(0.2	)		(37.2	)		(33.9	)

Balance as of December 31, 2011	$	9.1		$	0.2		$	0.6		$	11.7		$	21.6
Charges incurred		26.2			1.0			1.2			9.6			38.0
Cash payments		(22.6	)		—			(0.9	)		(3.3	)		(26.8	)
Other(2)		(0.3	)		(1.0	)		(0.6	)		(9.9	)		(11.8	)

Balance as of December 31, 2012	$	12.4		$	0.2		$	0.3		$	8.1		$	21.0

(1): Consists of decreases of $23.2 million for asset writedowns, $13.9 million for facility closures, $0.4 million in ASC 715 pension adjustment and $0.2 million of consultant costs, partly offset by a $3.8 million increase for involuntary benefits.
(2): Primarily consists of decreases of $10.3 million for facility closures and $1.0 million in ASC 715 pension adjustment.

- 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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