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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows From Operating Activities:    
Net (loss) income $ (39) $ 7
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 350 228
Amortization of deferred financing costs and original issue discounts 12 11
Gain on sales of rental equipment (54) (27)
Gain on sales of non-rental equipment (2) (1)
Gain on sale of software subsidiary (10) 0
Stock compensation expense, net 13 6
RSC merger related costs 90 0
Restructuring charge 53 [1] 3
Loss on retirement of subordinated convertible debentures 0 1
Decrease in deferred taxes (14) (4)
Changes in operating assets and liabilities, net of amounts acquired:    
Decrease (increase) in accounts receivable 3 (15)
Increase in inventory (39) (30)
Decrease (increase) in prepaid expenses and other assets (16) (15)
Increase in accounts payable 96 147
Decrease in accrued expenses and other liabilities (101) (15)
Net cash provided by operating activities 342 296
Cash Flows From Investing Activities:    
Purchases of rental equipment (836) (412)
Purchases of non-rental equipment (62) (13)
Proceeds from sales of rental equipment 157 73
Proceeds from sales of non-rental equipment 12 8
Purchases of other companies (1,175) (143)
Proceeds from sale of software subsidiary 10 0
Net cash used in investing activities (1,894) (487)
Cash Flows From Financing Activities:    
Proceeds from debt 4,193 1,107
Payments of debt, including subordinated convertible debentures (2,464) (1,082)
Proceeds from the exercise of common stock options 11 30
Common stock repurchased (115) (7)
Payments of financing costs (67) 0
Cash paid in connection with the 4 percent Convertible Senior Notes and related hedge, net 0 (9)
Excess tax benefits from share-based payment arrangements (1) 0
Net cash provided by financing activities 1,557 39
Effect of foreign exchange rates 0 7
Net increase (decrease) in cash and cash equivalents 5 (145)
Cash and cash equivalents at beginning of period 36 203
Cash and cash equivalents at end of period 41 58
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 24 16
Cash paid for interest, including subordinated convertible debentures $ 134 $ 98
[1] Reflected in our condensed consolidated statements of operations as “Restructuring charge.” These charges are not allocated to our reportable segments.