Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of the components of the provision (benefit) for income taxes

The components of the provision (benefit) for income taxes for each of the three years in the period ended December 31, 2014 are as follows:



	Year ended December 31,
	2014		2013		2012
Current
Federal	$	2	$	10	$	—
Foreign	42		39		27
State and local	5		2		2
	49		51		29
Deferred
Federal	240		149		(22		)
Foreign	2		4		2
State and local	19		14		4
	261		167		(16		)
Total	$	310	$	218	$	13

Schedule of effective income tax rate reconciliation

A reconciliation of the provision for income taxes and the amount computed by applying the statutory federal income tax rate of 35 percent to the income before provision for income taxes for each of the three years in the period ended December 31, 2014 is as follows:



	Year ended December 31,
	2014			2013			2012
Computed tax at statutory tax rate	$	297		$	212		$	31
State income taxes, net of federal tax benefit (1)	22			15			5
Non-deductible expenses and other (2)	8			8			(8		)
Foreign taxes	(17		)	(17		)	(15		)
Total	$	310		$	218		$	13


(1)	2012 state income taxes, net of federal tax benefit includes $8 of expense primarily related to the write-off of certain state deferred tax assets as a result of the RSC acquisition.

(2) 2012 non-deductible expenses and other includes a $6 Canadian tax benefit due to settlements with the Canadian Revenue Authority and a $2 transfer pricing tax benefit.

Schedule of deferred tax assets and liabilities

The components of deferred income tax assets (liabilities) are as follows:



	December 31, 2014								December 31, 2013
	Current		Non Current			Total			Current		Non Current			Total
Reserves and allowances	$	66	$	41		$	107		$	54	$	59		$	113
Intangibles	1		—			1			—		—			—
Debt cancellation and other	—		58			58			—		41			41
Net operating loss and credit carryforwards	181		56			237			206		69			275
Total deferred tax assets	248		155			403			260		169			429
Property and equipment	—		(1,535		)	(1,535		)	—		(1,259		)	(1,259		)
Intangibles	—		(312		)	(312		)	—		(369		)	(369		)
Valuation allowance	—		—			—			—		—			—
Total deferred tax liability	—		(1,847		)	(1,847		)	—		(1,628		)	(1,628		)
Total deferred income tax asset (liability)	$	248	$	(1,692	)	$	(1,444	)	$	260	$	(1,459	)	$	(1,199	)

Schedule of unrecognized tax benefits

The following table summarizes the activity related to unrecognized tax benefits, all of which would impact our effective tax rate if recognized:



	2014		2013
Balance at January 1	$	7	$	5
Additions for tax positions of prior years	—		2
Balance at December 31	$	7	$	7