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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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Equipment rentals $ 1,315 $ 1,138 $ 3,499 $ 3,063
Sales of rental equipment 140 102 388 356
Sales of new equipment 42 29 105 74
Contractor supplies sales 23 23 64 66
Service and other revenues 24 19 65 58
Total revenues 1,544 1,311 4,121 3,617
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 480 422 1,336 1,214
Depreciation of rental equipment 236 219 682 629
Cost of rental equipment sales 82 62 227 232
Cost of new equipment sales 33 23 84 59
Cost of contractor supplies sales 16 15 44 44
Cost of service and other revenues 9 6 23 19
Total cost of revenues 856 747 2,396 2,197
Gross profit 688 564 1,725 1,420
Selling, general and administrative expenses 194 167 549 479
Merger related costs 4 0 13 8
Restructuring charge (2) 1 (2) [1] 12
Non-rental depreciation and amortization 70 59 200 185
Operating (loss) income 422 337 965 736
Interest expense (income), net 124 121 436 357
Interest expense-subordinated convertible debentures 0 0 0 3
Other (income) expense, net (5) (2) (10) (3)
Income (loss) before provision for income taxes 303 218 539 379
Provision for income taxes 111 75 193 132
Income (loss) before equity in net earnings (loss) of subsidiaries 192 143 346 247
Equity in net earnings (loss) of subsidiaries 0 0 0 0
Net income 192 143 346 247
Other comprehensive (loss) income (51) 21 (54) (31)
Comprehensive income 141 [2] 164 [2] 292 [2] 216 [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 40 7 59 16
Merger related costs 0   0 0
Restructuring charge 0 0 0 0
Non-rental depreciation and amortization 4 5 13 13
Operating (loss) income (44) (12) (72) (29)
Interest expense (income), net 3 3 10 9
Interest expense-subordinated convertible debentures       3
Other (income) expense, net (39) (35) (108) (100)
Income (loss) before provision for income taxes (8) 20 26 59
Provision for income taxes 0 12 1 21
Income (loss) before equity in net earnings (loss) of subsidiaries (8) 8 25 38
Equity in net earnings (loss) of subsidiaries 200 135 321 209
Net income 192 143 346 247
Other comprehensive (loss) income (51) 21 (54) (31)
Comprehensive income 141 164 292 216
URNA
       
Revenues:        
Equipment rentals 1,155 990 3,069 2,641
Sales of rental equipment 125 91 347 319
Sales of new equipment 35 24 87 58
Contractor supplies sales 20 19 54 53
Service and other revenues 20 15 52 46
Total revenues 1,355 1,139 3,609 3,117
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 418 366 1,155 1,035
Depreciation of rental equipment 210 193 606 555
Cost of rental equipment sales 73 56 203 210
Cost of new equipment sales 27 20 70 47
Cost of contractor supplies sales 14 12 37 35
Cost of service and other revenues 8 4 18 14
Total cost of revenues 750 651 2,089 1,896
Gross profit 605 488 1,520 1,221
Selling, general and administrative expenses 127 134 421 393
Merger related costs 4   13 8
Restructuring charge (2) 1 (2) 12
Non-rental depreciation and amortization 58 49 167 157
Operating (loss) income 418 304 921 651
Interest expense (income), net 122 115 422 341
Interest expense-subordinated convertible debentures       0
Other (income) expense, net 54 50 152 143
Income (loss) before provision for income taxes 242 139 347 167
Provision for income taxes 91 47 141 64
Income (loss) before equity in net earnings (loss) of subsidiaries 151 92 206 103
Equity in net earnings (loss) of subsidiaries 49 43 115 106
Net income 200 135 321 209
Other comprehensive (loss) income (51) 21 (54) (31)
Comprehensive income 149 156 267 178
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 0 0 2 0
Merger related costs 0   0 0
Restructuring charge 0 0 0 0
Non-rental depreciation and amortization 1 0 1 0
Operating (loss) income (1) 0 (3) 0
Interest expense (income), net 0 1 3 4
Interest expense-subordinated convertible debentures       0
Other (income) expense, net (1) 0 (2) 0
Income (loss) before provision for income taxes 0 (1) (4) (4)
Provision for income taxes 0 (1) 0 (1)
Income (loss) before equity in net earnings (loss) of subsidiaries 0 0 (4) (3)
Equity in net earnings (loss) of subsidiaries 35 31 77 73
Net income 35 31 73 70
Other comprehensive (loss) income (51) 22 (53) (30)
Comprehensive income (16) 53 20 40
Non Guarantor Subsidiaries - Foreign
       
Revenues:        
Equipment rentals 160 148 430 422
Sales of rental equipment 15 11 41 37
Sales of new equipment 7 5 18 16
Contractor supplies sales 3 4 10 13
Service and other revenues 4 4 13 12
Total revenues 189 172 512 500
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 62 56 181 179
Depreciation of rental equipment 26 26 76 74
Cost of rental equipment sales 9 6 24 22
Cost of new equipment sales 6 3 14 12
Cost of contractor supplies sales 2 3 7 9
Cost of service and other revenues 1 2 5 5
Total cost of revenues 106 96 307 301
Gross profit 83 76 205 199
Selling, general and administrative expenses 23 23 66 68
Merger related costs 0   0 0
Restructuring charge 0 0 0 0
Non-rental depreciation and amortization 7 5 19 15
Operating (loss) income 53 48 120 116
Interest expense (income), net 0 1 3 2
Interest expense-subordinated convertible debentures       0
Other (income) expense, net 6 5 13 14
Income (loss) before provision for income taxes 47 42 104 100
Provision for income taxes 12 11 27 27
Income (loss) before equity in net earnings (loss) of subsidiaries 35 31 77 73
Equity in net earnings (loss) of subsidiaries 0 0 0 0
Net income 35 31 77 73
Other comprehensive (loss) income (40) 16 (42) (24)
Comprehensive income (5) 47 35 49
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 4 3 1 2
Merger related costs 0   0 0
Restructuring charge 0 0 0 0
Non-rental depreciation and amortization 0 0 0 0
Operating (loss) income (4) (3) (1) (2)
Interest expense (income), net 1 2 3 4
Interest expense-subordinated convertible debentures       0
Other (income) expense, net (25) (22) (65) (60)
Income (loss) before provision for income taxes 20 17 61 54
Provision for income taxes 8 6 24 21
Income (loss) before equity in net earnings (loss) of subsidiaries 12 11 37 33
Equity in net earnings (loss) of subsidiaries 0 0 0 0
Net income 12 11 37 33
Other comprehensive (loss) income 0 0 0 0
Comprehensive income 12 11 37 33
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
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 (2) (1) (5) (3)
Interest expense-subordinated convertible debentures       0
Other (income) expense, net 0 0 0 0
Income (loss) before provision for income taxes 2 1 5 3
Provision for income taxes 0 0 0 0
Income (loss) before equity in net earnings (loss) of subsidiaries 2 1 5 3
Equity in net earnings (loss) of subsidiaries (284) (209) (513) (388)
Net income (282) (208) (508) (385)
Other comprehensive (loss) income 142 (59) 149 85
Comprehensive income $ (140) $ (267) $ (359) $ (300)
[1] Reflected in our condensed consolidated statements of income as “Restructuring charge.” The income for the nine months ended September 30, 2014 primarily reflects buyouts or settlements of real estate leases for less than the recognized reserves. These charges are not allocated to our reportable segments.
[2] There were no material reclassifications from accumulated other comprehensive (loss) income reflected in other comprehensive (loss) income 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 (loss) income during 2014 or 2013.