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Acquisitions (Purchase Price Allocation) (Details) (RSC [Member], USD $)
In Millions, unless otherwise specified
Apr. 30, 2012
RSC [Member]
 
Business Acquisition [Line Items]  
Accounts receivable, net of allowance for doubtful accounts (1) $ 238 [1]
Inventory 19
Deferred taxes 15
Rental equipment, net 2,011
Property and equipment, net 47
Intangibles (2) 1,239 [2]
Other assets 58
Total identifiable assets acquired 3,627
Short-term debt and current maturities of long-term debt (3) (1,586) [3]
Current liabilities (405)
Deferred taxes (702)
Long-term debt (3) (992) [3]
Other long-term liabilities (13)
Total liabilities assumed 3,698
Net identifiable assets acquired (71)
Goodwill (4) 2,657 [4]
Total purchase consideration 2,586
Accounts receivable, gross 251
Accounts receivable, allowance for doubtful accounts $ 13
[1] The fair value of accounts receivables acquired was $238, and the gross contractual amount was $251. We estimate that $13 will be uncollectible.
[2] The following table reflects the estimated fair values and useful lives of the acquired intangible assets identified based on URI's preliminary purchase accounting assessments: Fair value Life (years) Customer relationships$1,11015 Trade names, associated trademarks and other815 Non-compete agreements485 Total$1,239
[3] At the closing of the merger, URNA repaid RSC's senior ABL facility, 10 percent senior notes, and 9 1/2 percent senior notes. The repaid debt is reflected as short-term above as it was paid on the acquisition date. The RSC debt reflected in our condensed consolidated balance sheet as of June 30, 2012 is discussed further in note 8 to the condensed consolidated financial statements. The debt in the table above includes $1,555 of the repaid RSC debt, and the fair values of the following debt assumed by URNA: 10 1/4 percent Senior Notes$(225) 8 1/4 percent Senior Notes(699) Capital leases(99) Total assumed debt$(1,023)
[4] All of the goodwill was assigned to our general rentals segment. The level of goodwill expected to result from the merger is primarily reflective of RSC's going-concern value, the value of RSC's assembled workforce, new customer relationships expected to arise from the merger, and operational synergies that we expect to achieve that would not be available to other market participants. None of the goodwill is expected to be deductible for income tax purposes.