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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Equipment rentals $ 523 $ 434
Sales of rental equipment 76 32
Sales of new equipment 18 15
Contractor supplies sales 18 21
Service and other revenues 21 21
Total revenues 656 523
Cost of revenues:    
Cost of equipment rentals, excluding depreciation 246 233
Depreciation of rental equipment 115 99
Cost of rental equipment sales 47 18
Cost of new equipment sales 15 12
Cost of contractor supplies sales 12 14
Cost of service and other revenues 8 9
Total cost of revenues 443 385
Gross profit 213 138
Selling, general and administrative expenses 102 95
RSC merger related costs 10 0
Restructuring charge 0 1
Non-rental depreciation and amortization 14 12
Operating income 87 30
Interest expense, net 68 56
Interest expense-subordinated convertible debentures 1 2
Other income, net (1) (1)
Income (loss) before provision (benefit) for income taxes 19 (27)
Provision (benefit) for income taxes 6 (7)
Net income (loss) $ 13 $ (20)
Basic earnings (loss) per share (in dollars per share) $ 0.21 $ (0.34)
Diluted earnings (loss) per share (in dollars per share) $ 0.17 $ (0.34)