Restructuring and Transaction Related Expenses (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

The following table sets forth the expenses incurred related to our restructuring plans (in millions):


		Three Months Ended March 31,
Plan	Expense Type	2024		2023


2024 Global Plan	Inventory related costs (1)	$	8	$	—
	Asset impairments (2)	17		—
	Other costs	2		—
	Total	$	27	$	—

2022 Global Plan	Employee related costs	$	—	$	2
	Facility exit costs	1		2

	Other costs	—		1
	Total	$	1	$	5







1 LKQ Europe Plan	Employee related costs	$	1	$	1
	Facility exit costs	1		—


	Total	$	2	$	1

Acquisition Integration Plans	Employee related costs	$	1	$	—
	Facility exit costs	4		2

	Other costs	1		—
	Total	$	6	$	2

Total restructuring expenses		$	36	$	8

(1) Recorded to Cost of goods sold in the Unaudited Condensed Consolidated Statements of Income

(2) Related to impairment of assets in Property, plant and equipment, net and Prepaid expenses and other current assets on the Unaudited Condensed Consolidated Balance Sheets.

Restructuring Cumulative Plan Costs

The following table sets forth the cumulative plan costs by segment related to our restructuring plans (in millions):


	Cumulative Program Costs
	Wholesale - North America		Europe		Specialty		Self Service		Total
2024 Global Plan	$	—	$	27	$	—	$	—	$	27
2022 Global Plan	2		17		4		3		26

1 LKQ Europe Plan	—		12		—		—		12