Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision (benefit) for income taxes from continuing operations for each of the three years in the period ended December 31, 2011 are as follows:



	Year ended December 31,
	2011		2010			2009
Current
Federal	$	—	$	—		$	(55	)
Foreign	22		16			5
State and local	2		1			(1		)
	24		17			(51		)
Deferred
Federal	36		(48		)	13
Foreign	1		(1		)	2
State and local	2		(9		)	(11		)
	39		(58		)	4
Total	$	63	$	(41	)	$	(47	)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision (benefit) for income taxes and the amount computed by applying the statutory federal income tax rate of 35 percent to the income (loss) from continuing operations before provision (benefit) for income taxes for each of the three years in the period ended December 31, 2011 is as follows:



	Year ended December 31,
	2011			2010			2009
Computed tax at statutory tax rate	$	57		$	(22	)	$	(38	)
State income taxes, net of federal tax benefit	3			(8		)	(7		)
Non-deductible expenses and other (1)	12			(6		)	(1		)
Foreign taxes	(9		)	(5		)	(1		)
Total	$	63		$	(41	)	$	(47	)


(1)	2011 non-deductible expenses and other includes $6 due to the non-deductibility of certain costs associated with the proposed RSC acquisition and $3 related to an adjustment of federal and state deferred tax liabilities. 2010 non-deductible expenses and other includes a benefit of $7 related to a correction of a deferred tax asset recognized in prior periods.

Schedule of Deferred Tax Assets and Liabilities

The components of deferred income tax assets (liabilities) are as follows:



	December 31, 2011								December 31, 2010
	Current		Non Current			Total			Current		Non Current			Total
Reserves and allowances	$	45	$	33		$	78		$	69	$	9		$	78
Intangibles	—		45			45			—		81			81
Net operating loss and credit carryforwards	59		97			156			—		167			167
Total deferred tax assets	104		175			279			69		257			326
Property and equipment	—		(620		)	(620		)	—		(618		)	(618		)
Intangibles	—		(5		)	(5		)	—		—			—
Debt cancellation and other	—		(18		)	(18		)	—		(22		)	(22		)
Valuation allowance	—		(2		)	(2		)	—		(2		)	(2		)
Total deferred tax liability	—		(645		)	(645		)	—		(642		)	(642		)
Total deferred income tax asset (liability)	$	104	$	(470	)	$	(366	)	$	69	$	(385	)	$	(316	)

Schedule of Unrecognized Tax Benefits Rollforward

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:



	2011		2010
Balance at January 1	$	4	$	6
Settlements	—		(2		)
Balance at December 31	$	4	$	4