XML 100 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Statement of Comprehensive Income [Abstract]                      
Net income $ 194us-gaap_NetIncomeLoss [1] $ 192us-gaap_NetIncomeLoss [1] $ 94us-gaap_NetIncomeLoss [1] $ 60us-gaap_NetIncomeLoss [1] $ 140us-gaap_NetIncomeLoss [2] $ 143us-gaap_NetIncomeLoss [2] $ 83us-gaap_NetIncomeLoss [2] $ 21us-gaap_NetIncomeLoss [2] $ 540us-gaap_NetIncomeLoss [1] $ 387us-gaap_NetIncomeLoss [2] $ 75us-gaap_NetIncomeLoss
Other comprehensive (loss) income:                      
Foreign currency translation adjustments                 (90)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent (65)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent 8us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
Fixed price diesel swaps                 (3)us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent 0us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent 1us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
Other comprehensive (loss) income (1)                 (93)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent [3] (65)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent [3] 9us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent [3]
Comprehensive income                 $ 447us-gaap_ComprehensiveIncomeNetOfTax $ 322us-gaap_ComprehensiveIncomeNetOfTax $ 84us-gaap_ComprehensiveIncomeNetOfTax
[1] The fourth quarter of 2014 includes an increase in bad debt expense of $8 as compared to the fourth quarter of 2013 primarily due to improved receivable aging which reduced the expense in the fourth quarter of 2013. Additionally, the fourth quarter of 2014 includes an increase in stock compensation, net of $14 as compared to the fourth quarter of 2013 primarily due to improved profitability which resulted in increased performance based stock compensation.
[2] The fourth quarter of 2013 includes a reduction in bad debt expense of $17 as compared to the fourth quarter of 2012 primarily due to improved receivable aging. In the fourth quarter of 2013, we recognized a benefit of $3 in cost of equipment rentals, excluding depreciation related to our provision for self-insurance reserves.
[3] There were no material reclassifications from accumulated other comprehensive (loss) income reflected in other comprehensive (loss) income during the years ended December 31, 2014, 2013 or 2012. 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 the years ended December 31, 2014, 2013 or 2012.