What was the accrued liabilities amount for Dollar Rent A Car's U.S. pension benefits in 2024?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
| Pension Benefits | ||||||
|---|---|---|---|---|---|---|
| U.S. | Non-U.S. | |||||
| ($ in millions) | 2024 | 2023 | 2024 | 2023 | ||
| Amounts recognized in balance sheets: | ||||||
| Prepaid expenses and other assets | $ — | $ | — | $ 13 | $ | 11 |
| Accrued liabilities | (24) | (31) | (56) | (60) | ||
| Net asset (obligation) recognized in the balance sheets | $ (24) | $ | (31) | $ (43) | $ | (49) |
Source: Item 23 — RECEIPTS (FDD pages 102–301)
What This Means (2025 FDD)
According to Dollar Rent A Car's 2025 Franchise Disclosure Document, the accrued liabilities for U.S. pension benefits in 2024 was ($24) million. In 2023, the accrued liabilities were ($31) million. The net asset (obligation) recognized in the balance sheets for U.S. pension benefits was also ($24) million in 2024 and ($31) million in 2023.
These figures reflect the financial obligations Dollar Rent A Car has towards its U.S. employee pension plans. Accrued liabilities represent expenses that have been incurred but not yet paid. In the context of pension benefits, this typically includes the present value of future pension payments that employees have earned based on their service to date.
The amounts recognized in the balance sheets provide a snapshot of Dollar Rent A Car's pension-related financial health. A negative value indicates an underfunded pension plan, where the liabilities exceed the assets. Prospective franchisees should be aware of these pension-related liabilities, as they can impact the overall financial stability of the company. Understanding these figures can help franchisees assess the long-term financial commitments and potential risks associated with investing in a Dollar Rent A Car franchise.