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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows From Operating Activities:    
Net income $ 60 $ 21
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 277 266
Amortization of deferred financing costs and original issue discounts 5 6
Gain on sales of rental equipment (45) (40)
Gain on sales of non-rental equipment (1) (1)
Stock compensation expense, net 12 9
Merger related costs 1 6
Restructuring charge 1 [1] 6
Loss on extinguishment of debt securities 11 0
Loss on retirement of subordinated convertible debentures 0 1
Increase in deferred taxes 22 3
Changes in operating assets and liabilities, net of amounts acquired:    
Decrease in accounts receivable 47 65
Increase in inventory (32) (34)
(Increase) decrease in prepaid expenses and other assets (4) 30
Increase in accounts payable 163 121
Decrease in accrued expenses and other liabilities (9) (50)
Net cash provided by operating activities 508 409
Cash Flows From Investing Activities:    
Purchases of rental equipment (333) (289)
Purchases of non-rental equipment (18) (14)
Proceeds from sales of rental equipment 110 123
Proceeds from sales of non-rental equipment 11 5
Purchases of other companies, net of cash acquired (1) 0
Net cash used in investing activities (231) (175)
Cash Flows From Financing Activities:    
Proceeds from debt 2,398 631
Payments of debt, including subordinated convertible debentures (2,543) (795)
Proceeds from the exercise of common stock options 1 3
Common stock repurchased (61) (30)
Payments of financing costs (20) 0
Cash received in connection with the 4 percent Convertible Senior Notes and related hedge, net 7 0
Net cash used in financing activities (218) (191)
Effect of foreign exchange rates (7) (2)
Net increase in cash and cash equivalents 52 41
Cash and cash equivalents at beginning of period 175 106
Cash and cash equivalents at end of period 227 147
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 9 15
Cash paid for interest, including subordinated convertible debentures $ 84 $ 90
[1] Reflected in our condensed consolidated statements of income as “Restructuring charge.” These charges are not allocated to our reportable segments.