CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Cash Flows From Operating Activities:
Net income	$ 540	[1]	$ 387	[2]	$ 75
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,194		1,098		897
Amortization of deferred financing costs and original issue discounts	17		21		23
Gain on sales of rental equipment	(229)		(176)		(125)
Gain on sales of non-rental equipment	(11)		(6)		(2)
Gain on sale of software subsidiary	0		1		(8)
Stock compensation expense, net	74		46		32
Merger related costs	11		9		111
Restructuring charge	(1)		12		99
Loss on extinguishment of debt securities	80		1		72
Loss on retirement of subordinated convertible debentures	0		2		0
Increase (decrease) in deferred taxes	261		167		(16)
Changes in operating assets and liabilities:
Increase in accounts receivable	(101)		(20)		(86)
Decrease (increase) in inventory	11		(2)		(2)
(Increase) decrease in prepaid expenses and other assets	(52)		60		(18)
(Decrease) increase in accounts payable	(23)		9		(223)
Increase (decrease) in accrued expenses and other liabilities	30		(58)		(108)
Net cash provided by operating activities	1,801		1,551		721
Cash Flows From Investing Activities:
Purchases of rental equipment	(1,701)		(1,580)		(1,272)
Purchases of non-rental equipment	(120)		(104)		(97)
Proceeds from sales of rental equipment	544		490		399
Proceeds from sales of non-rental equipment	33		26		31
Purchases of other companies, net of cash acquired	(756)		(9)		(1,175)
Proceeds from sale of software subsidiary	0		0		10
Net cash used in investing activities	(2,000)		(1,177)		(2,104)
Cash Flows From Financing Activities:
Proceeds from debt	7,070		3,805		6,013
Payments of debt, including subordinated convertible debentures	(6,283)		(3,965)		(4,370)
Payments of financing costs	(22)		(2)		(75)
Proceeds from the exercise of common stock options	2		6		21
Common stock repurchased	(613)		(115)		(131)
Cash received (paid) in connection with the 4 percent Convertible Senior Notes and related hedge, net	42		(24)		0
Excess tax benefits from share-based payment arrangements, net	0		0		(5)
Net cash provided by (used in) financing activities	196		(295)		1,453
Effect of foreign exchange rates	(14)		(10)		0
Net (decrease) increase in cash and cash equivalents	(17)		69		70
Cash and cash equivalents at beginning of year	175		106		36
Cash and cash equivalents at end of year	158		175		106
Supplemental disclosure of cash flow information:
Cash paid for interest, including subordinated convertible debentures	457		461		371
Cash paid for income taxes, net	$ 100		$ 48		$ 40

[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.