Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)

3 Months Ended

Mar. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

	Parent		URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries					Eliminations			Total
									Foreign			SPV
ASSETS
Cash and cash equivalents	$	—	$	24		$	—		$	123		$	—	$	—		$	147
Accounts receivable, net	—		34			—			127			564		—			725
Intercompany receivable (payable)	200		(152		)	(42		)	(156		)	—		150			—
Inventory	—		94			—			9			—		—			103
Prepaid expenses and other assets	—		58			—			23			—		—			81
Deferred taxes	—		253			—			2			—		—			255
Total current assets	200		311			(42		)	128			564		150			1,311
Rental equipment, net	—		4,376			—			587			—		—			4,963
Property and equipment, net	45		322			16			37			—		—			420
Investments in subsidiaries	1,528		1,055			934			—			—		(3,517		)	—
Goodwill, net	—		2,708			—			255			—		—			2,963
Other intangible assets, net	—		1,052			—			99			—		—			1,151
Other long-term assets	2		111			—			—			—		—			113
Total assets	$	1,775	$	9,935		$	908		$	1,106		$	564	$	(3,367	)	$	10,921
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	139	$	38		$	—		$	—		$	390	$	—		$	567
Accounts payable	—		358			—			48			—		—			406
Accrued expenses and other liabilities	3		332			30			31			—		—			396
Total current liabilities	142		728			30			79			390		—			1,369
Long-term debt	—		6,426			147			7			—		—			6,580
Subordinated convertible debentures	17		—			—			—			—		—			17
Deferred taxes	21		1,189			—			83			—		—			1,293
Other long-term liabilities	—		64			—			3			—		—			67
Total liabilities	180		8,407			177			172			390		—			9,326
Temporary equity (note 6)	29		—			—			—			—		—			29
Total stockholders’ equity (deficit)	1,566		1,528			731			934			174		(3,367		)	1,566
Total liabilities and stockholders’ equity (deficit)	$	1,775	$	9,935		$	908		$	1,106		$	564	$	(3,367	)	$	10,921

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012

	Parent		URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries					Eliminations			Total
									Foreign			SPV
ASSETS
Cash and cash equivalents	$	—	$	20		$	—		$	86		$	—	$	—		$	106
Accounts receivable, net	—		43			—			146			604		—			793
Intercompany receivable (payable)	168		(108		)	(49		)	(163		)	—		152			—
Inventory	—		60			—			8			—		—			68
Prepaid expenses and other assets	—		87			10			14			—		—			111
Deferred taxes	—		263			—			2			—		—			265
Total current assets	168		365			(39		)	93			604		152			1,343
Rental equipment, net	—		4,357			—			609			—		—			4,966
Property and equipment, net	41		333			16			38			—		—			428
Investments in subsidiaries	1,575		1,029			932			—			—		(3,536		)	—
Goodwill, net	—		2,710			—			260			—		—			2,970
Other intangible assets, net	—		1,094			—			106			—		—			1,200
Other long-term assets	4		115			—			—			—		—			119
Total assets	$	1,788	$	10,003		$	909		$	1,106		$	604	$	(3,384	)	$	11,026
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	137	$	40		$	—		$	—		$	453	$	—		$	630
Accounts payable	—		243			—			43			—		—			286
Accrued expenses and other liabilities	1		361			33			40			—		—			435
Total current liabilities	138		644			33			83			453		—			1,351
Long-term debt	—		6,522			150			7			—		—			6,679
Subordinated convertible debentures	55		—			—			—			—		—			55
Deferred taxes	21		1,199			—			82			—		—			1,302
Other long-term liabilities	—		63			—			2			—		—			65
Total liabilities	214		8,428			183			174			453		—			9,452
Temporary equity (note 6)	31		—			—			—			—		—			31
Total stockholders’ equity (deficit)	1,543		1,575			726			932			151		(3,384		)	1,543
Total liabilities and stockholders’ equity (deficit)	$	1,788	$	10,003		$	909		$	1,106		$	604	$	(3,384	)	$	11,026

Condensed Consolidating Statement of Operations

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2013

	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries						Eliminations			Total
										Foreign			SPV
Revenues:
Equipment rentals	$	—		$	781		$	—		$	135		$	—		$	—		$	916
Sales of rental equipment	—			112			—			11			—			—			123
Sales of new equipment	—			16			—			5			—			—			21
Contractor supplies sales	—			16			—			4			—			—			20
Service and other revenues	—			15			—			5			—			—			20
Total revenues	—			940			—			160			—			—			1,100
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			333			—			60			—			—			393
Depreciation of rental equipment	—			178			—			24			—			—			202
Cost of rental equipment sales	—			76			—			7			—			—			83
Cost of new equipment sales	—			13			—			4			—			—			17
Cost of contractor supplies sales	—			10			—			3			—			—			13
Cost of service and other revenues	—			6			—			1			—			—			7
Total cost of revenues	—			616			—			99			—			—			715
Gross profit	—			324			—			61			—			—			385
Selling, general and administrative expenses	19			118			—			22			1			—			160
RSC merger related costs	—			6			—			—			—			—			6
Restructuring charge	—			6			—			—			—			—			6
Non-rental depreciation and amortization	4			55			—			5			—			—			64
Operating (loss) income	(23		)	139			—			34			(1		)	—			149
Interest expense (income), net	2			114			1			1			1			(1		)	118
Interest expense-subordinated convertible debentures	2			—			—			—			—			—			2
Other (income) expense, net	(30		)	45			—			3			(19		)	—			(1		)
Income (loss) before provision (benefit) for income taxes	3			(20		)	(1		)	30			17			1			30
Provision (benefit) for income taxes	1			(8		)	—			9			7			—			9
Income (loss) before equity in net earnings (loss) of subsidiaries	2			(12		)	(1		)	21			10			1			21
Equity in net earnings (loss) of subsidiaries	19			31			21			—			—			(71		)	—
Net income (loss)	21			19			20			21			10			(70		)	21
Other comprehensive (loss) income	(20		)	(20		)	(20		)	(15		)	—			55			(20		)
Comprehensive income (loss)	$	1		$	(1	)	$	—		$	6		$	10		$	(15	)	$	1

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2012

	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries					Eliminations			Total
										Foreign		SPV
Revenues:
Equipment rentals	$	—		$	250		$	183		$	90	$	—		$	—		$	523
Sales of rental equipment	—			39			26			11		—			—			76
Sales of new equipment	—			8			5			5		—			—			18
Contractor supplies sales	—			8			5			5		—			—			18
Service and other revenues	—			11			5			5		—			—			21
Total revenues	—			316			224			116		—			—			656
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			115			88			43		—			—			246
Depreciation of rental equipment	—			59			37			19		—			—			115
Cost of rental equipment sales	—			24			16			7		—			—			47
Cost of new equipment sales	—			7			4			4		—			—			15
Cost of contractor supplies sales	—			4			4			4		—			—			12
Cost of service and other revenues	—			6			2			—		—			—			8
Total cost of revenues	—			215			151			77		—			—			443
Gross profit	—			101			73			39		—			—			213
Selling, general and administrative expenses	10			34			36			17		5			—			102
RSC merger related costs	—			10			—			—		—			—			10
Restructuring charge	—			—			—			—		—			—			—
Non-rental depreciation and amortization	4			4			4			2		—			—			14
Operating (loss) income	(14		)	53			33			20		(5		)	—			87
Interest expense (income), net	3			51			1			1		13			(1		)	68
Interest expense-subordinated convertible debentures	1			—			—			—		—			—			1
Other (income) expense, net	(18		)	16			9			3		(11		)	—			(1		)
(Loss) income before (benefit) provision for income taxes	—			(14		)	23			16		(7		)	1			19
(Benefit) provision for income taxes	—			(22		)	28			3		(3		)	—			6
Income (loss) before equity in net earnings (loss) of subsidiaries	—			8			(5		)	13		(4		)	1			13
Equity in net earnings (loss) of subsidiaries	13			5			14			—		—			(32		)	—
Net income (loss)	13			13			9			13		(4		)	(31		)	13
Other comprehensive income (loss)	10			10			9			5		—			(24		)	10
Comprehensive (loss) income	$	23		$	23		$	18		$	18	$	(4	)	$	(55	)	$	23

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Three Months EndedMarch 31, 2013

	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries						Eliminations		Total
										Foreign			SPV
Net cash provided by (used in) operating activities	$	16		$	294		$	(1	)	$	50		$	50		$	—	$	409
Net cash used in investing activities	(16		)	(148		)	—			(11		)	—			—		(175		)
Net cash (used in) provided by financing activities	—			(142		)	1			—			(50		)	—		(191		)
Effect of foreign exchange rates	—			—			—			(2		)	—			—		(2		)
Net increase in cash and cash equivalents	—			4			—			37			—			—		41
Cash and cash equivalents at beginning of period	—			20			—			86			—			—		106
Cash and cash equivalents at end of period	$	—		$	24		$	—		$	123		$	—		$	—	$	147

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Three Months EndedMarch 31, 2012

	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries						Eliminations		Total
										Foreign			SPV
Net cash provided by operating activities	$	3		$	85		$	109		$	28		$	29		$	—	$	254
Net cash used in investing activities	(4		)	(252		)	(110		)	(34		)	—			—		(400		)
Net cash provided by (used in) financing activities	1			164			1			(2		)	(29		)	—		135
Effect of foreign exchange rates	—			—			—			1			—			—		1
Net decrease in cash and cash equivalents	—			(3		)	—			(7		)	—			—		(10		)
Cash and cash equivalents at beginning of period	—			6			—			30			—			—		36
Cash and cash equivalents at end of period	$	—		$	3		$	—		$	23		$	—		$	—	$	26