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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows From Operating Activities:    
Net income $ 247 $ 34
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 814 625
Amortization of deferred financing costs and original issue discounts 16 17
Gain on sales of rental equipment (124) (83)
Gain on sales of non-rental equipment (3) (2)
Gain on sale of software subsidiary 1 (10)
Stock compensation expense, net 34 23
RSC merger related costs 8 98
Restructuring charge 12 [1] 93
Loss on extinguishment of debt securities 1 0
Loss on retirement of subordinated convertible debentures 2 0
Increase in deferred taxes 97 5
Changes in operating assets and liabilities, net of amounts acquired:    
Increase in accounts receivable (17) (94)
Increase in inventory (22) (22)
Increase in prepaid expenses and other assets (7) (17)
Increase (decrease) in accounts payable 82 (102)
Decrease in accrued expenses and other liabilities (26) (70)
Net cash provided by operating activities 1,115 495
Cash Flows From Investing Activities:    
Purchases of rental equipment (1,499) (1,109)
Purchases of non-rental equipment (71) (76)
Proceeds from sales of rental equipment 356 258
Proceeds from sales of non-rental equipment 15 26
Purchases of other companies, net of cash acquired (9) (1,175)
Proceeds from sale of software subsidiary 0 10
Net cash used in investing activities (1,208) (2,066)
Cash Flows From Financing Activities:    
Proceeds from debt 2,931 4,886
Payments of debt, including subordinated convertible debentures (2,681) (3,102)
Proceeds from the exercise of common stock options 5 17
Common stock repurchased (99) (128)
Payments of financing costs 0 (67)
Cash paid in connection with the 4 percent Convertible Senior Notes and related hedge, net (40) 0
Excess tax benefits from share-based payment arrangements, net 0 (4)
Net cash provided by financing activities 116 1,602
Effect of foreign exchange rates (4) 1
Net increase in cash and cash equivalents 19 32
Cash and cash equivalents at beginning of period 106 36
Cash and cash equivalents at end of period 125 68
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 44 31
Cash paid for interest, including subordinated convertible debentures $ 322 $ 219
[1] Reflected in our condensed consolidated statements of income as “Restructuring charge.” These charges are not allocated to our reportable segments.