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Condensed Consolidating Financial Information of Guarantor Subsidiaries CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Equipment rentals $ 1,179 $ 1,009 $ 2,184 $ 1,925
Sales of rental equipment 138 131 248 254
Sales of new equipment 37 24 63 45
Contractor supplies sales 22 23 41 43
Service and other revenues 23 19 41 39
Total revenues 1,399 1,206 2,577 2,306
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 447 399 856 792
Depreciation of rental equipment 229 208 446 410
Cost of rental equipment sales 80 87 145 170
Cost of new equipment sales 31 19 51 36
Cost of contractor supplies sales 15 16 28 29
Cost of service and other revenues 8 6 14 13
Total cost of revenues 810 735 1,540 1,450
Gross profit 589 471 1,037 856
Selling, general and administrative expenses 187 152 355 312
Merger related costs 8 2 9 8
Restructuring charge (1) 5 0 [1] 11
Non-rental depreciation and amortization 70 62 130 126
Operating (loss) income 325 250 543 399
Interest expense (income), net 187 118 312 236
Interest expense-subordinated convertible debentures 0 1 0 3
Other (income) expense, net (4) 0 (5) (1)
Income (loss) before provision for income taxes 142 131 236 161
Provision for income taxes 48 48 82 57
Income (loss) before equity in net earnings (loss) of subsidiaries 94 83 154 104
Equity in net earnings (loss) of subsidiaries 0 0 0 0
Net income 94 83 154 104
Other comprehensive income (loss) 36 (32) (3) (52)
Comprehensive income 130 [2] 51 [2] 151 [2] 52 [2]
Parent
       
Revenues:        
Equipment rentals 0 0 0 0
Sales of rental equipment 0 0 0 0
Sales of new equipment 0 0 0 0
Contractor supplies sales 0 0 0 0
Service and other revenues 0 0 0 0
Total revenues 0 0 0 0
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 0 0 0 0
Depreciation of rental equipment 0 0 0 0
Cost of rental equipment sales 0 0 0 0
Cost of new equipment sales 0 0 0 0
Cost of contractor supplies sales 0 0 0 0
Cost of service and other revenues 0 0 0 0
Total cost of revenues 0 0 0 0
Gross profit 0 0 0 0
Selling, general and administrative expenses (6) (10) 19 9
Merger related costs 0 0 0 0
Restructuring charge 0 0 0 0
Non-rental depreciation and amortization 5 4 9 8
Operating (loss) income 1 6 (28) (17)
Interest expense (income), net 1 4 7 6
Interest expense-subordinated convertible debentures   1   3
Other (income) expense, net (37) (35) (69) (65)
Income (loss) before provision for income taxes 37 36 34 39
Provision for income taxes 1 8 1 9
Income (loss) before equity in net earnings (loss) of subsidiaries 36 28 33 30
Equity in net earnings (loss) of subsidiaries 58 55 121 74
Net income 94 83 154 104
Other comprehensive income (loss) 36 (32) (3) (52)
Comprehensive income 130 51 151 52
URNA
       
Revenues:        
Equipment rentals 1,042 870 1,914 1,651
Sales of rental equipment 122 116 222 228
Sales of new equipment 31 18 52 34
Contractor supplies sales 19 18 34 34
Service and other revenues 17 16 32 31
Total revenues 1,231 1,038 2,254 1,978
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 383 336 737 669
Depreciation of rental equipment 203 184 396 362
Cost of rental equipment sales 70 78 130 154
Cost of new equipment sales 27 14 43 27
Cost of contractor supplies sales 13 13 23 23
Cost of service and other revenues 5 4 10 10
Total cost of revenues 701 629 1,339 1,245
Gross profit 530 409 915 733
Selling, general and administrative expenses 171 142 294 259
Merger related costs 8 2 9 8
Restructuring charge (1) 5 0 11
Non-rental depreciation and amortization 58 53 109 108
Operating (loss) income 294 207 503 347
Interest expense (income), net 182 112 300 226
Interest expense-subordinated convertible debentures   0   0
Other (income) expense, net 52 48 98 93
Income (loss) before provision for income taxes 60 47 105 28
Provision for income taxes 32 24 50 17
Income (loss) before equity in net earnings (loss) of subsidiaries 28 23 55 11
Equity in net earnings (loss) of subsidiaries 30 32 66 63
Net income 58 55 121 74
Other comprehensive income (loss) 36 (32) (3) (52)
Comprehensive income 94 23 118 22
Guarantor Subsidiaries
       
Revenues:        
Equipment rentals 0 0 0 0
Sales of rental equipment 0 0 0 0
Sales of new equipment 0 0 0 0
Contractor supplies sales 0 0 0 0
Service and other revenues 0 0 0 0
Total revenues 0 0 0 0
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 0 0 0 0
Depreciation of rental equipment 0 0 0 0
Cost of rental equipment sales 0 0 0 0
Cost of new equipment sales 0 0 0 0
Cost of contractor supplies sales 0 0 0 0
Cost of service and other revenues 0 0 0 0
Total cost of revenues 0 0 0 0
Gross profit 0 0 0 0
Selling, general and administrative expenses 2 0 2 0
Merger related costs 0 0 0 0
Restructuring charge 0 0 0 0
Non-rental depreciation and amortization 0 0 0 0
Operating (loss) income (2) 0 (2) 0
Interest expense (income), net 2 2 3 3
Interest expense-subordinated convertible debentures   0   0
Other (income) expense, net (3) 0 (1) 0
Income (loss) before provision for income taxes (1) (2) (4) (3)
Provision for income taxes 0 0 0 0
Income (loss) before equity in net earnings (loss) of subsidiaries (1) (2) (4) (3)
Equity in net earnings (loss) of subsidiaries 17 21 42 42
Net income 16 19 38 39
Other comprehensive income (loss) 36 (32) (2) (52)
Comprehensive income 52 (13) 36 (13)
Non Guarantor Subsidiaries Foreign
       
Revenues:        
Equipment rentals 137 139 270 274
Sales of rental equipment 16 15 26 26
Sales of new equipment 6 6 11 11
Contractor supplies sales 3 5 7 9
Service and other revenues 6 3 9 8
Total revenues 168 168 323 328
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 64 63 119 123
Depreciation of rental equipment 26 24 50 48
Cost of rental equipment sales 10 9 15 16
Cost of new equipment sales 4 5 8 9
Cost of contractor supplies sales 2 3 5 6
Cost of service and other revenues 3 2 4 3
Total cost of revenues 109 106 201 205
Gross profit 59 62 122 123
Selling, general and administrative expenses 23 23 43 45
Merger related costs 0 0 0 0
Restructuring charge 0 0 0 0
Non-rental depreciation and amortization 7 5 12 10
Operating (loss) income 29 34 67 68
Interest expense (income), net 2 0 3 1
Interest expense-subordinated convertible debentures   0   0
Other (income) expense, net 4 6 7 9
Income (loss) before provision for income taxes 23 28 57 58
Provision for income taxes 6 7 15 16
Income (loss) before equity in net earnings (loss) of subsidiaries 17 21 42 42
Equity in net earnings (loss) of subsidiaries 0 0 0 0
Net income 17 21 42 42
Other comprehensive income (loss) 28 (25) (2) (40)
Comprehensive income 45 (4) 40 2
Non Guarantor Subsidiaries SPV
       
Revenues:        
Equipment rentals 0 0 0 0
Sales of rental equipment 0 0 0 0
Sales of new equipment 0 0 0 0
Contractor supplies sales 0 0 0 0
Service and other revenues 0 0 0 0
Total revenues 0 0 0 0
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 0 0 0 0
Depreciation of rental equipment 0 0 0 0
Cost of rental equipment sales 0 0 0 0
Cost of new equipment sales 0 0 0 0
Cost of contractor supplies sales 0 0 0 0
Cost of service and other revenues 0 0 0 0
Total cost of revenues 0 0 0 0
Gross profit 0 0 0 0
Selling, general and administrative expenses (3) (3) (3) (1)
Merger related costs 0 0 0 0
Restructuring charge 0 0 0 0
Non-rental depreciation and amortization 0 0 0 0
Operating (loss) income 3 3 3 1
Interest expense (income), net 1 1 2 2
Interest expense-subordinated convertible debentures   0   0
Other (income) expense, net (20) (19) (40) (38)
Income (loss) before provision for income taxes 22 21 41 37
Provision for income taxes 9 9 16 15
Income (loss) before equity in net earnings (loss) of subsidiaries 13 12 25 22
Equity in net earnings (loss) of subsidiaries 0 0 0 0
Net income 13 12 25 22
Other comprehensive income (loss) 0 0 0 0
Comprehensive income 13 12 25 22
Eliminations
       
Revenues:        
Equipment rentals 0 0 0 0
Sales of rental equipment 0 0 0 0
Sales of new equipment 0 0 0 0
Contractor supplies sales 0 0 0 0
Service and other revenues 0 0 0 0
Total revenues 0 0 0 0
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 0 0 0 0
Depreciation of rental equipment 0 0 0 0
Cost of rental equipment sales 0 0 0 0
Cost of new equipment sales 0 0 0 0
Cost of contractor supplies sales 0 0 0 0
Cost of service and other revenues 0 0 0 0
Total cost of revenues 0 0 0 0
Gross profit 0 0 0 0
Selling, general and administrative expenses 0 0 0 0
Merger related costs 0 0 0 0
Restructuring charge 0 0 0 0
Non-rental depreciation and amortization 0 0 0 0
Operating (loss) income 0 0 0 0
Interest expense (income), net (1) (1) (3) (2)
Interest expense-subordinated convertible debentures   0   0
Other (income) expense, net 0 0 0 0
Income (loss) before provision for income taxes 1 1 3 2
Provision for income taxes 0 0 0 0
Income (loss) before equity in net earnings (loss) of subsidiaries 1 1 3 2
Equity in net earnings (loss) of subsidiaries (105) (108) (229) (179)
Net income (104) (107) (226) (177)
Other comprehensive income (loss) (100) 89 7 144
Comprehensive income $ (204) $ (18) $ (219) $ (33)
[1] Reflected in our condensed consolidated statements of income as “Restructuring charge.” These charges are not allocated to our reportable segments.
[2] There were no material reclassifications from accumulated other comprehensive income reflected in other comprehensive income (loss) during 2014 or 2013. There is no tax impact related to the foreign currency translation adjustments, as the earnings are considered permanently reinvested. There were no material taxes associated with other comprehensive income (loss) during 2014 or 2013.