Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2016



									Non-Guarantor Subsidiaries
	Parent		URNA			Guarantor Subsidiaries			Foreign			SPV		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	21		$	—		$	291		$	—	$	—		$	312
Accounts receivable, net	—		38			—			96			786		—			920
Intercompany receivable (payable)	336		(137		)	(188		)	(115		)	—		104			—
Inventory	—		61			—			7			—		—			68
Prepaid expenses and other assets	5		51			—			5			—		—			61
Total current assets	341		34			(188		)	284			786		104			1,361
Rental equipment, net	—		5,709			—			480			—		—			6,189
Property and equipment, net	38		326			26			40			—		—			430
Investments in subsidiaries	1,292		1,013			978			—			—		(3,283		)	—
Goodwill	—		3,013			—			247			—		—			3,260
Other intangibles, net	—		686			—			56			—		—			742
Other long-term assets	—		6			—			—			—		—			6
Total assets	$	1,671	$	10,787		$	816		$	1,107		$	786	$	(3,179	)	$	11,988
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	1	$	25		$	—		$	3		$	568	$	—		$	597
Accounts payable	—		217			—			26			—		—			243
Accrued expenses and other liabilities	—		305			13			25			1		—			344
Total current liabilities	1		547			13			54			569		—			1,184
Long-term debt	2		7,076			111			4			—		—			7,193
Deferred taxes	20		1,805			—			71			—		—			1,896
Other long-term liabilities	—		67			—			—			—		—			67
Total liabilities	23		9,495			124			129			569		—			10,340
Total stockholders’ equity (deficit)	1,648		1,292			692			978			217		(3,179		)	1,648
Total liabilities and stockholders’ equity (deficit)	$	1,671	$	10,787		$	816		$	1,107		$	786	$	(3,179	)	$	11,988

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2015



								Non-Guarantor Subsidiaries
	Parent		URNA		Guarantor Subsidiaries			Foreign			SPV		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	18	$	—		$	161		$	—	$	—		$	179
Accounts receivable, net	—		41		—			104			785		—			930
Intercompany receivable (payable)	144		40		(176		)	(109		)	—		101			—
Inventory	—		62		—			7			—		—			69
Prepaid expenses and other assets	—		98		—			18			—		—			116
Total current assets	144		259		(176		)	181			785		101			1,294
Rental equipment, net	—		5,657		—			529			—		—			6,186
Property and equipment, net	45		334		20			46			—		—			445
Investments in subsidiaries	1,307		958		924			—			—		(3,189		)	—
Goodwill	—		3,000		—			243			—		—			3,243
Other intangibles, net	—		838		—			67			—		—			905
Other long-term assets	3		7		—			—			—		—			10
Total assets	$	1,499	$	11,053	$	768		$	1,066		$	785	$	(3,088	)	$	12,083
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	1	$	34	$	—		$	—		$	572	$	—		$	607
Accounts payable	—		237		—			34			—		—			271
Accrued expenses and other liabilities	—		314		14			27			—		—			355
Total current liabilities	1		585		14			61			572		—			1,233
Long-term debt	4		7,430		110			11			—		—			7,555
Deferred taxes	18		1,677		—			70			—		—			1,765
Other long-term liabilities	—		54		—			—			—		—			54
Total liabilities	23		9,746		124			142			572		—			10,607
Total stockholders’ equity (deficit)	1,476		1,307		644			924			213		(3,088		)	1,476
Total liabilities and stockholders’ equity (deficit)	$	1,499	$	11,053	$	768		$	1,066		$	785	$	(3,088	)	$	12,083

Condensed Consolidating Statements of Income

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

For the Year Ended December 31, 2016



									Non-Guarantor Subsidiaries
	Parent			URNA		Guarantor Subsidiaries			Foreign		SPV			Eliminations			Total
Revenues:
Equipment rentals	$	—		$	4,524	$	—		$	417	$	—		$	—		$	4,941
Sales of rental equipment	—			444		—			52		—			—			496
Sales of new equipment	—			129		—			15		—			—			144
Contractor supplies sales	—			68		—			11		—			—			79
Service and other revenues	—			87		—			15		—			—			102
Total revenues	—			5,252		—			510		—			—			5,762
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			1,669		—			193		—			—			1,862
Depreciation of rental equipment	—			900		—			90		—			—			990
Cost of rental equipment sales	—			265		—			27		—			—			292
Cost of new equipment sales	—			107		—			12		—			—			119
Cost of contractor supplies sales	—			47		—			8		—			—			55
Cost of service and other revenues	—			35		—			6		—			—			41
Total cost of revenues	—			3,023		—			336		—			—			3,359
Gross profit	—			2,229		—			174		—			—			2,403
Selling, general and administrative expenses	43			579		—			72		25			—			719
Restructuring charge	—			7		—			7		—			—			14
Non-rental depreciation and amortization	15			216		—			24		—			—			255
Operating (loss) income	(58		)	1,427		—			71		(25		)	—			1,415
Interest (income) expense, net	(6		)	509		3			2		8			(5		)	511
Other (income) expense, net	(471		)	521		—			40		(95		)	—			(5		)
Income (loss) before provision for income taxes	419			397		(3		)	29		62			5			909
Provision for income taxes	154			157		—			8		24			—			343
Income (loss) before equity in net earnings (loss) of subsidiaries	265			240		(3		)	21		38			5			566
Equity in net earnings (loss) of subsidiaries	301			61		21			—		—			(383		)	—
Net income (loss)	566			301		18			21		38			(378		)	566
Other comprehensive income (loss)	32			32		28			22		—			(82		)	32
Comprehensive income (loss)	$	598		$	333	$	46		$	43	$	38		$	(460	)	$	598

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

For the Year Ended December 31, 2015



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations			Total
Revenues:
Equipment rentals	$	—		$	4,452		$	—		$	497		$	—		$	—		$	4,949
Sales of rental equipment	—			480			—			58			—			—			538
Sales of new equipment	—			137			—			20			—			—			157
Contractor supplies sales	—			69			—			10			—			—			79
Service and other revenues	—			80			—			14			—			—			94
Total revenues	—			5,218			—			599			—			—			5,817
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			1,603			—			223			—			—			1,826
Depreciation of rental equipment	—			881			—			95			—			—			976
Cost of rental equipment sales	—			279			—			32			—			—			311
Cost of new equipment sales	—			115			—			16			—			—			131
Cost of contractor supplies sales	—			48			—			7			—			—			55
Cost of service and other revenues	—			33			—			5			—			—			38
Total cost of revenues	—			2,959			—			378			—			—			3,337
Gross profit	—			2,259			—			221			—			—			2,480
Selling, general and administrative expenses	5			596			1			79			33			—			714
Merger related costs	—			(26		)	—			—			—			—			(26		)
Restructuring charge	—			5			—			1			—			—			6
Non-rental depreciation and amortization	15			228			1			24			—			—			268
Operating (loss) income	(20		)	1,456			(2		)	117			(33		)	—			1,518
Interest (income) expense, net	(3		)	559			8			3			5			(5		)	567
Other (income) expense, net	(471		)	513			—			44			(98		)	—			(12		)
Income (loss) before provision (benefit) for income taxes	454			384			(10		)	70			60			5			963
Provision (benefit) for income taxes	201			141			(5		)	18			23			—			378
Income (loss) before equity in net earnings (loss) of subsidiaries	253			243			(5		)	52			37			5			585
Equity in net earnings (loss) of subsidiaries	332			89			52			—			—			(473		)	—
Net income (loss)	585			332			47			52			37			(468		)	585
Other comprehensive (loss) income	(176		)	(176		)	(175		)	(139		)	—			490			(176		)
Comprehensive income (loss)	$	409		$	156		$	(128	)	$	(87	)	$	37		$	22		$	409

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 (1)	(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


(1)	In 2015, the amount of royalties Holdings receives from URNA and its subsidiaries was adjusted as discussed above (see Item 7- Management’s Discussion and Analysis of Financial Condition and Results of Operations- Liquidity and Capital Resources- Relationship between Holdings and URNA). Other (income) expense, net for 2014 reflects the lower royalty rate that was used in 2014.

Condensed Consolidating Cash Flow Information

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Year Ended December 31, 2016



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations		Total
Net cash provided by (used in) operating activities	$	9		$	1,774		$	(3	)	$	136		$	37		$	—	$	1,953
Net cash used in investing activities	(9		)	(844		)	—			(6		)	—			—		(859		)
Net cash (used in) provided by financing activities	—			(927		)	3			(3		)	(37		)	—		(964		)
Effect of foreign exchange rates	—			—			—			3			—			—		3
Net increase in cash and cash equivalents	—			3			—			130			—			—		133
Cash and cash equivalents at beginning of period	—			18			—			161			—			—		179
Cash and cash equivalents at end of period	$	—		$	21		$	—		$	291		$	—		$	—	$	312

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Year Ended December 31, 2015



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations		Total
Net cash provided by (used in) operating activities	$	13		$	1,804		$	(3	)	$	170		$	11		$	—	$	1,995
Net cash used in investing activities	(13		)	(1,035		)	—			(122		)	—			—		(1,170		)
Net cash (used in) provided by financing activities	—			(759		)	3			(8		)	(11		)	—		(775		)
Effect of foreign exchange rates	—			—			—			(29		)	—			—		(29		)
Net increase in cash and cash equivalents	—			10			—			11			—			—		21
Cash and cash equivalents at beginning of period	—			8			—			150			—			—		158
Cash and cash equivalents at end of period	$	—		$	18		$	—		$	161		$	—		$	—	$	179

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 rate	—			—			—			(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