Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information [Abstract]

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2014



									Non-Guarantor Subsidiaries
	Parent		URNA			Guarantor Subsidiaries			Foreign			SPV		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	8		$	—		$	150		$	—	$	—		$	158
Accounts receivable, net	—		37			—			144			759		—			940
Intercompany receivable (payable)	476		(428		)	(60		)	(109		)	—		121			—
Inventory	—		69			—			9			—		—			78
Prepaid expenses and other assets	—		113			1			8			—		—			122
Deferred taxes	—		246			—			2			—		—			248
Total current assets	476		45			(59		)	204			759		121			1,546
Rental equipment, net	—		5,399			—			609			—		—			6,008
Property and equipment, net	42		332			21			43			—		—			438
Investments in subsidiaries	1,330		1,185			1,040			—			—		(3,555		)	—
Goodwill	—		3,000			—			272			—		—			3,272
Other intangibles, net	—		1,014			—			92			—		—			1,106
Other long-term assets	1		96			—			—			—		—			97
Total assets	$	1,849	$	11,071		$	1,002		$	1,220		$	759	$	(3,434	)	$	12,467
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	32	$	38		$	—		$	—		$	548	$	—		$	618
Accounts payable	—		248			—			37			—		—			285
Accrued expenses and other liabilities	—		499			19			57			—		—			575
Total current liabilities	32		785			19			94			548		—			1,478
Long-term debt	—		7,298			130			6			—		—			7,434
Deferred taxes	19		1,594			—			79			—		—			1,692
Other long-term liabilities	—		64			—			1			—		—			65
Total liabilities	51		9,741			149			180			548		—			10,669
Temporary equity (note 12)	2		—			—			—			—		—			2
Total stockholders’ equity (deficit)	1,796		1,330			853			1,040			211		(3,434		)	1,796
Total liabilities and stockholders’ equity (deficit)	$	1,849	$	11,071		$	1,002		$	1,220		$	759	$	(3,434	)	$	12,467

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2013



									Non-Guarantor Subsidiaries
	Parent		URNA			Guarantor Subsidiaries			Foreign			SPV		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	17		$	—		$	158		$	—	$	—		$	175
Accounts receivable, net	—		36			—			140			628		—			804
Intercompany receivable (payable)	308		(257		)	(51		)	(132		)	—		132			—
Inventory	—		62			—			8			—		—			70
Prepaid expenses and other assets	—		42			1			10			—		—			53
Deferred taxes	—		258			—			2			—		—			260
Total current assets	308		158			(50		)	186			628		132			1,362
Rental equipment, net	—		4,768			—			606			—		—			5,374
Property and equipment, net	48		313			20			40			—		—			421
Investments in subsidiaries	1,648		1,132			997			—			—		(3,777		)	—
Goodwill	—		2,708			—			245			—		—			2,953
Other intangibles, net	—		931			—			87			—		—			1,018
Other long-term assets	2		100			—			—			1		—			103
Total assets	$	2,006	$	10,110		$	967		$	1,164		$	629	$	(3,645	)	$	11,231
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	136	$	38		$	—		$	—		$	430	$	—		$	604
Accounts payable	—		254			—			38			—		—			292
Accrued expenses and other liabilities	1		327			25			36			1		—			390
Total current liabilities	137		619			25			74			431		—			1,286
Long-term debt	—		6,421			140			8			—		—			6,569
Deferred taxes	21		1,357			—			81			—		—			1,459
Other long-term liabilities	—		65			—			4			—		—			69
Total liabilities	158		8,462			165			167			431		—			9,383
Temporary equity (note 12)	20		—			—			—			—		—			20
Total stockholders’ equity (deficit)	1,828		1,648			802			997			198		(3,645		)	1,828
Total liabilities and stockholders’ equity (deficit)	$	2,006	$	10,110		$	967		$	1,164		$	629	$	(3,645	)	$	11,231

Condensed Consolidating Statements of Income

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

For the Year Ended December 31, 2014



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations			Total
Revenues:
Equipment rentals	$	—		$	4,217		$	—		$	602		$	—		$	—		$	4,819
Sales of rental equipment	—			478			—			66			—			—			544
Sales of new equipment	—			124			—			25			—			—			149
Contractor supplies sales	—			70			—			15			—			—			85
Service and other revenues	—			73			—			15			—			—			88
Total revenues	—			4,962			—			723			—			—			5,685
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			1,558			—			248			—			—			1,806
Depreciation of rental equipment	—			820			—			101			—			—			921
Cost of rental equipment sales	—			277			—			38			—			—			315
Cost of new equipment sales	—			101			—			19			—			—			120
Cost of contractor supplies sales	—			49			—			10			—			—			59
Cost of service and other revenues	—			27			—			5			—			—			32
Total cost of revenues	—			2,832			—			421			—			—			3,253
Gross profit	—			2,130			—			302			—			—			2,432
Selling, general and administrative expenses	55			607			3			84			9			—			758
Merger related costs	—			11			—			—			—			—			11
Restructuring charge	—			(1		)	—			—			—			—			(1		)
Non-rental depreciation and amortization	17			226			1			29			—			—			273
Operating (loss) income	(72		)	1,287			(4		)	189			(9		)	—			1,391
Interest expense (income), net	9			538			5			4			5			(6		)	555
Other (income) expense, net	(149		)	212			(3		)	17			(91		)	—			(14		)
Income (loss) before provision for income taxes	68			537			(6		)	168			77			6			850
Provision for income taxes	1			236			—			43			30			—			310
Income (loss) before equity in net earnings (loss) of subsidiaries	67			301			(6		)	125			47			6			540
Equity in net earnings (loss) of subsidiaries	473			172			125			—			—			(770		)	—
Net income (loss)	540			473			119			125			47			(764		)	540
Other comprehensive (loss) income	(93		)	(93		)	(90		)	(72		)	—			255			(93		)
Comprehensive income (loss)	$	447		$	380		$	29		$	53		$	47		$	(509	)	$	447

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

For the Year Ended December 31, 2013



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations			Total
Revenues:
Equipment rentals	$	—		$	3,612		$	—		$	584		$	—		$	—		$	4,196
Sales of rental equipment	—			438			—			52			—			—			490
Sales of new equipment	—			82			—			22			—			—			104
Contractor supplies sales	—			70			—			17			—			—			87
Service and other revenues	—			62			—			16			—			—			78
Total revenues	—			4,264			—			691			—			—			4,955
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			1,391			—			243			—			—			1,634
Depreciation of rental equipment	—			752			—			100			—			—			852
Cost of rental equipment sales	—			283			—			31			—			—			314
Cost of new equipment sales	—			67			—			17			—			—			84
Cost of contractor supplies sales	—			48			—			11			—			—			59
Cost of service and other revenues	—			19			—			6			—			—			25
Total cost of revenues	—			2,560			—			408			—			—			2,968
Gross profit	—			1,704			—			283			—			—			1,987
Selling, general and administrative expenses	8			541			—			88			5			—			642
Merger related costs	—			9			—			—			—			—			9
Restructuring charge	—			12			—			—			—			—			12
Non-rental depreciation and amortization	17			210			—			19			—			—			246
Operating (loss) income	(25		)	932			—			176			(5		)	—			1,078
Interest expense (income), net	12			454			6			5			5			(7		)	475
Interest expense-subordinated convertible debentures	3			—			—			—			—			—			3
Other (income) expense, net	(132		)	191			—			18			(82		)	—			(5		)
Income (loss) before provision (benefit) for income taxes	92			287			(6		)	153			72			7			605
Provision (benefit) for income taxes	38			113			(2		)	41			28			—			218
Income (loss) before equity in net earnings (loss) of subsidiaries	54			174			(4		)	112			44			7			387
Equity in net earnings (loss) of subsidiaries	333			159			112			—			—			(604		)	—
Net income (loss)	387			333			108			112			44			(597		)	387
Other comprehensive (loss) income	(65		)	(65		)	(65		)	(50		)	—			180			(65		)
Comprehensive income (loss)	$	322		$	268		$	43		$	62		$	44		$	(417	)	$	322

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

For the Year Ended December 31, 2012



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign		SPV (1)			Eliminations			Total
Revenues:
Equipment rentals	$	—		$	2,699		$	249		$	507	$	—		$	—		$	3,455
Sales of rental equipment	—			318			32			49		—			—			399
Sales of new equipment	—			60			7			26		—			—			93
Contractor supplies sales	—			60			7			20		—			—			87
Service and other revenues	—			58			8			17		—			—			83
Total revenues	—			3,195			303			619		—			—			4,117
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			1,071			116			205		—			—			1,392
Depreciation of rental equipment	—			558			50			91		—			—			699
Cost of rental equipment sales	—			223			20			31		—			—			274
Cost of new equipment sales	—			48			6			20		—			—			74
Cost of contractor supplies sales	—			44			5			13		—			—			62
Cost of service and other revenues	—			21			3			5		—			—			29
Total cost of revenues	—			1,965			200			365		—			—			2,530
Gross profit	—			1,230			103			254		—			—			1,587
Selling, general and administrative expenses	—			434			48			74		32			—			588
Merger related costs	—			111			—			—		—			—			111
Restructuring charge	—			95			—			4		—			—			99
Non-rental depreciation and amortization	16			160			5			17		—			—			198
Operating (loss) income	(16		)	430			50			159		(32		)	—			591
Interest expense (income), net	13			432			35			3		33			(4		)	512
Interest expense-subordinated convertible debentures	4			—			—			—		—			—			4
Other (income) expense, net	(86		)	123			10			12		(72		)	—			(13		)
Income (loss) before provision (benefit) for income taxes	53			(125		)	5			144		7			4			88
Provision (benefit) for income taxes	60			(93		)	15			28		3			—			13
(Loss) income before equity in net earnings (loss) of subsidiaries	(7		)	(32		)	(10		)	116		4			4			75
Equity in net earnings (loss) of subsidiaries	82			114			118			—		—			(314		)	—
Net income (loss)	75			82			108			116		4			(310		)	75
Other comprehensive income (loss)	9			9			8			3		—			(20		)	9
Comprehensive income (loss)	$	84		$	91		$	116		$	119	$	4		$	(330	)	$	84


(1)	Includes interest expense prior to the April 30, 2012 RSC acquisition date on the merger financing debt issued by Funding SPV, as discussed further in note 12 to our consolidated financial statements.

Condensed Consolidating Cash Flow Information

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Year Ended December 31, 2014



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations		Total
Net cash provided by (used in) operating activities	$	13		$	1,644		$	4		$	223		$	(83	)	$	—	$	1,801
Net cash used in investing activities	(13		)	(1,773		)	—			(214		)	—			—		(2,000		)
Net cash provided by (used in) financing activities	—			120			(4		)	(3		)	83			—		196
Effect of foreign exchange rates	—			—			—			(14		)	—			—		(14		)
Net decrease in cash and cash equivalents	—			(9		)	—			(8		)	—			—		(17		)
Cash and cash equivalents at beginning of period	—			17			—			158			—			—		175
Cash and cash equivalents at end of period	$	—		$	8		$	—		$	150		$	—		$	—	$	158

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Year Ended December 31, 2013



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations		Total
Net cash provided by operating activities	$	26		$	1,285		$	4		$	216		$	20		$	—	$	1,551
Net cash used in investing activities	(26		)	(1,018		)	—			(133		)	—			—		(1,177		)
Net cash used in financing activities	—			(270		)	(4		)	(1		)	(20		)	—		(295		)
Effect of foreign exchange rates	—			—			—			(10		)	—			—		(10		)
Net (decrease) increase in cash and cash equivalents	—			(3		)	—			72			—			—		69
Cash and cash equivalents at beginning of period	—			20			—			86			—			—		106
Cash and cash equivalents at end of period	$	—		$	17		$	—		$	158		$	—		$	—	$	175

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Year Ended December 31, 2012



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations		Total
Net cash provided by (used in) operating activities	$	7		$	654		$	151		$	153		$	(244	)	$	—	$	721
Net cash used in investing activities	(7		)	(1,851		)	(155		)	(91		)	—			—		(2,104		)
Net cash provided by (used in) financing activities	—			1,211			4			(6		)	244			—		1,453
Effect of foreign exchange rate	—			—			—			—			—			—		—
Net increase in cash and cash equivalents	—			14			—			56			—			—		70
Cash and cash equivalents at beginning of period	—			6			—			30			—			—		36
Cash and cash equivalents at end of period	$	—		$	20		$	—		$	86		$	—		$	—	$	106