XML 24 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt and Subordinated Convertible Debentures Debt and Subordinated Convertible Debentures (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
1 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2012
Dec. 31, 2011
Mar. 31, 2012
5 3/4 percent Senior Secured Notes [Member]
Mar. 08, 2012
5 3/4 percent Senior Secured Notes [Member]
Mar. 31, 2012
7 3/8 percent Senior Notes [Member]
Mar. 08, 2012
7 3/8 percent Senior Notes [Member]
Mar. 31, 2012
7 5/8 percent Senior Notes [Member]
Mar. 08, 2012
7 5/8 percent Senior Notes [Member]
Dec. 31, 2011
4 percent Convertible Subordinated Notes [Member]
Dec. 31, 2009
4 percent Convertible Subordinated Notes [Member]
Mar. 31, 2012
4 percent Convertible Subordinated Notes [Member]
Mar. 31, 2012
ABL Facility [Member]
Mar. 08, 2012
Before July 15, 2015 [Member]
5 3/4 percent Senior Secured Notes [Member]
Mar. 08, 2012
After July 15, 2015 [Member]
5 3/4 percent Senior Secured Notes [Member]
Mar. 08, 2012
After July 15, 2017 [Member]
5 3/4 percent Senior Secured Notes [Member]
Mar. 08, 2012
Before May 15, 2016 [Member]
7 3/8 percent Senior Notes [Member]
Mar. 08, 2012
After May 15, 2016 [Member]
7 3/8 percent Senior Notes [Member]
Mar. 08, 2012
After May 15, 2018 [Member]
7 3/8 percent Senior Notes [Member]
Mar. 08, 2012
Before April 15, 2017 [Member]
7 5/8 percent Senior Notes [Member]
Mar. 08, 2012
After April 15, 2017 [Member]
7 5/8 percent Senior Notes [Member]
Mar. 08, 2012
After April 15, 2020 [Member]
7 5/8 percent Senior Notes [Member]
Mar. 31, 2012
Minimum [Member]
4 percent Convertible Subordinated Notes [Member]
Mar. 31, 2012
Maximum [Member]
4 percent Convertible Subordinated Notes [Member]
Debt Instrument [Line Items]                                              
Convertible Subordinated Debt, Noncurrent $ 55 $ 55                                          
Face amount     750 [1]   750 [1]   1,325 [1]       173                        
Proceeds from issuance of long-term debt     725   722   1,281                                
Redemption price percent                         100.00% 102.875% 100.00% 100.00% 103.688% 100.00% 100.00% 103.813% 100.00%    
Redemption purchase price in cash percent       101.00%   101.00%   101.00%                              
Stated interest rate     5.75%   7.375%   7.625%       4.00%                        
Hedge transactions cost                   26                          
Hedge transactions cost decreased APIC                   17                          
Convertible note hedge transactions shares (in shares)                 15.1                            
Effective conversion price (in dollars per share)                     $ 15.56                        
Percentage premium over price at issuance                     75.00%                        
Closing price at issuance (in dollars per share)                     $ 8.89                        
Market price per share (in dollars per share)                                           $ 40.00 $ 45.00
Convertible equity shares (in shares)                                           9.2 9.9
Maximum revolving credit amount percentage                       10.00%                      
Debt terms reference amount to maximum revolving credit                       $ 150                      
[1] In connection with the proposed merger with RSC, on March 9, 2012, Funding SPV issued the merger financing notes. The proceeds from the merger financing notes were deposited into segregated escrow accounts and will be released from escrow subject to the satisfaction of certain conditions, including the occurrence of the merger substantially in accordance with the terms and conditions of the merger agreement and the assumption by a newly formed wholly owned subsidiary of URI, into which URNA will be merged in connection with the RSC merger, of all of the obligations of Funding SPV under the indentures governing the notes and related documentation. The aggregate cash received from the merger financing notes, along with $25 of interest payable on the notes, is separately classified in our condensed consolidated balance sheets as restricted cash. See below for additional detail regarding each of the merger financing notes.