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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows From Operating Activities:      
Net income (loss) $ 101 $ (26) $ (62)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 480 449 474
Amortization of deferred financing costs and original issue discounts 22 23 17
Gain on sales of rental equipment (66) (41) (7)
Loss (gain) on sales of non-rental equipment (2) 0 1
Stock compensation expense, net 12 8 8
RSC merger related costs 19 0 0
Restructuring charge 19 34 31
Loss (gain) on repurchase/redemption of debt securities and ABL amendment 3 28 [1] (7)
Loss (gain) on retirement of subordinated convertible debentures 2 0 (13)
(Decrease) increase in deferred taxes 39 (58) 4
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (62) (38) 128
(Increase) decrease in inventory (3) 5 16
(Increase) decrease in prepaid expenses and other assets (19) 61 (36)
Increase (decrease) in accounts payable 68 4 (32)
(Decrease) increase in accrued expenses and other liabilities (5) 3 (84)
Net cash provided by operating activities 608 452 438
Cash Flows From Investing Activities:      
Purchases of rental equipment (774) (346) (260)
Purchases of non-rental equipment (36) (28) (51)
Proceeds from sales of rental equipment 208 144 229
Proceeds from sales of non-rental equipment 17 7 13
Purchases of other companies (276) 0 (25)
Net cash used in investing activities (861) (223) (94)
Cash Flows From Financing Activities:      
Proceeds from debt 1,892 3,423 3,452
Payments of debt, including subordinated convertible debentures (1,813) (3,606) (3,658)
Payments of financing costs (16) (18) (33)
Proceeds from the exercise of common stock options 35 1 0
Shares repurchased and retired (7) (1) (1)
Cash paid in connection with the 4 percent Convertible Senior Notes and related hedge, net (11) 0 (26)
Excess tax benefits from share-based payment arrangements, net 0 (2) (2)
Net cash provided by (used in) financing activities 80 (203) (268)
Effect of foreign exchange rates 6 8 16
Net (decrease) increase in cash and cash equivalents (167) 34 92
Cash and cash equivalents at beginning of year 203 169 77
Cash and cash equivalents at end of year 36 203 169
Supplemental disclosure of cash flow information:      
Cash paid for interest, including subordinated convertible debentures 203 229 234
Cash paid (received) for income taxes, net $ 24 $ (49) $ 3
[1] The amount of the loss is calculated as the difference between the net carrying amount of the related security and the repurchase price. The net carrying amounts of the securities are less than the principal amounts due to capitalized debt issuance costs and any original issue discount. Aggregate costs of less than $1 and $16 were written off in the years ended December 31, 2011 and 2010, respectively, in connection with the repurchases/redemptions. The $16 of aggregate costs written off in the year ended December 31, 2010 was comprised of $12 of write-offs of debt issuance costs and a $4 write-off of a previously terminated derivative transaction. The losses are reflected in interest expense, net in our consolidated statements of income.