Restructuring and Other Related Charges

12 Months Ended

Dec. 31, 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 $35 million related to this initiative to be incurred in 2026.

In 2022, we initiated a restructuring plan to focus on consolidating our global operations by designing new processes and implementing new systems (“Cost Optimization”). In 2019, we initiated a restructuring plan to exit our operations in Brazil by closing rental facilities, disposing of assets and terminating personnel (“Brazil”). These initiatives are 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, 2023	$	4	$	—	$	—	$	4
Restructuring expense:
Cost Optimization	8		—		2		10
Brazil	—		—		1		1
Restructuring payment/utilization:
Cost Optimization	(8)		—		(2)		(10)
Brazil	—		—		(1)		(1)
Balance as of December 31, 2023	$	4	$	—	$	—	$	4
Restructuring expense:
Global Rightsizing (a)	19		—		17		36
Cost Optimization	—		—		1		1
Restructuring payment/utilization:
Global Rightsizing (a)	(12)		—		(8)		(20)
Cost Optimization	(1)		—		(3)		(4)
Balance as of December 31, 2024	$	10	$	—	$	7	$	17
Restructuring expense:
Global Rightsizing (a)	49		10		58		117
Restructuring payment/utilization:
Global Rightsizing (a)	(39)		(7)		(36)		(82)
Cost Optimization	(1)		—		—		(1)
Balance as of December 31, 2025	$	19	$	3	$	29	$	51

__________

(a)    Other includes the disposition of vehicles.

	Americas		International		Total
Balance as of January 1, 2023	$	1	$	3	$	4
Restructuring expense:
Cost Optimization	7		3		10
Brazil	1		—		1
Restructuring payment/utilization:
Cost Optimization	(6)		(4)		(10)
Brazil	(1)		—		(1)
Balance as of December 31, 2023	2		2		4
Restructuring expense:
Global Rightsizing	19		17		36
Cost Optimization	1		—		1
Restructuring payment/utilization:
Global Rightsizing	(12)		(8)		(20)
Cost Optimization	(1)		(3)		(4)
Balance as of December 31, 2024	9		8		17
Restructuring expense:
Global Rightsizing	12		105		117
Restructuring payment/utilization:
Global Rightsizing	(20)		(62)		(82)
Cost Optimization	(1)		—		(1)
Balance as of December 31, 2025	$	—	$	51	$	51

Other Related Charges

Officer Separation Costs

In February 2025, we announced that Joseph A. Ferraro, President and Chief Executive Officer, would transition to a Board Advisor role effective June 30, 2025. In connection with Mr. Ferraro’s departure, we recorded other related charges of approximately $14 million for the year ended December 31, 2025.