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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities:    
Net income $ 92 $ 115
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 310 304
Amortization of deferred financing costs and original issue discounts 2 3
Gain on sales of rental equipment (47) (52)
Gain on sales of non-rental equipment (1) (2)
Stock compensation expense, net 9 14
Merger related costs 0 (27)
Restructuring charge 2 1
Loss on repurchase/redemption of debt securities and amendment of ABL facility 0 2
Excess tax benefits from share-based payment arrangements (27) 0
Increase in deferred taxes 25 39
Changes in operating assets and liabilities, net of amounts acquired:    
Decrease in accounts receivable 103 81
Increase in inventory (4) (4)
Decrease in prepaid expenses and other assets 64 18
Increase in accounts payable 56 184
Increase (decrease) in accrued expenses and other liabilities 20 (1)
Net cash provided by operating activities 604 675
Cash Flows From Investing Activities:    
Purchases of rental equipment (100) (323)
Purchases of non-rental equipment (23) (22)
Proceeds from sales of rental equipment 115 116
Proceeds from sales of non-rental equipment 4 4
Purchases of other companies, net of cash acquired (13) 0
Net cash used in investing activities (17) (225)
Cash Flows From Financing Activities:    
Proceeds from debt 914 2,736
Payments of debt (1,337) (2,704)
Common stock repurchased (164) (343)
Payments of financing costs 0 (24)
Excess tax benefits from share-based payment arrangements 27 0
Net cash used in financing activities (560) (335)
Effect of foreign exchange rates 13 (16)
Net increase in cash and cash equivalents 40 99
Cash and cash equivalents at beginning of period 179 158
Cash and cash equivalents at end of period 219 257
Supplemental disclosure of cash flow information:    
Cash received for income taxes, net (53) (35)
Cash paid for interest $ 69 $ 91