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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities:    
Net income $ 250 $ 226
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 640 616
Amortization of deferred financing costs and original issue discounts 4 4
Gain on sales of rental equipment (98) (102)
Gain on sales of non-rental equipment (3) (1)
Stock compensation expense, net 40 22
Merger related costs 16 0
Restructuring charge 19 4
Loss on repurchase/redemption of debt securities and amendment of ABL facility 12 26
Excess tax benefits from share-based payment arrangements 0 (53)
Increase in deferred taxes 40 69
Changes in operating assets and liabilities, net of amounts acquired:    
(Increase) decrease in accounts receivable (16) 68
Increase in inventory (5) (2)
(Increase) decrease in prepaid expenses and other assets (7) 64
Increase in accounts payable 429 337
Increase (decrease) in accrued expenses and other liabilities 16 (31)
Net cash provided by operating activities 1,337 1,247
Cash Flows From Investing Activities:    
Purchases of other companies, net of cash acquired (965) (14)
Purchases of investments (4) 0
Net cash used in investing activities (1,692) (522)
Cash Flows From Financing Activities:    
Proceeds from debt 3,943 3,964
Payments of debt (3,543) (4,320)
Proceeds from the exercise of common stock options 1 0
Common stock repurchased (24) (336)
Payments of financing costs (7) (12)
Excess tax benefits from share-based payment arrangements 0 53
Net cash provided by (used in) financing activities 370 (651)
Effect of foreign exchange rates 11 12
Net (decrease) increase in cash and cash equivalents 26 86
Cash and cash equivalents at beginning of period 312 179
Cash and cash equivalents at end of period 338 265
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 59 3
Cash paid for interest 177 219
Rental equipment    
Cash Flows From Investing Activities:    
Purchases of equipment (913) (722)
Proceeds from sales of equipment 239 249
Non-rental equipment    
Cash Flows From Investing Activities:    
Purchases of equipment (55) (42)
Proceeds from sales of equipment $ 6 $ 7