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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Equipment rentals $ 916 $ 523
Sales of rental equipment 123 76
Sales of new equipment 21 18
Contractor supplies sales 20 18
Service and other revenues 20 21
Total revenues 1,100 656
Cost of revenues:    
Cost of equipment rentals, excluding depreciation 393 246
Depreciation of rental equipment 202 115
Cost of rental equipment sales 83 47
Cost of new equipment sales 17 15
Cost of contractor supplies sales 13 12
Cost of service and other revenues 7 8
Total cost of revenues 715 443
Gross profit 385 213
Selling, general and administrative expenses 160 102
RSC merger related costs 6 10
Restructuring charge 6 [1] 0
Non-rental depreciation and amortization 64 14
Operating income 149 87
Interest expense, net 118 68
Interest expense—subordinated convertible debentures 2 1
Other income, net (1) (1)
Income before provision for income taxes 30 19
Provision for income taxes 9 6
Net income $ 21 $ 13
Basic earnings per share (in dollars per share) $ 0.22 $ 0.21
Diluted earnings per share (in dollars per share) $ 0.19 $ 0.17
[1] Reflected in our condensed consolidated statements of income as “Restructuring charge.” These charges are not allocated to our reportable segments.