XML 21 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Balance (in shares) at Dec. 31, 2014   98     (10)  
Balance at Dec. 31, 2014   $ 1 $ 2,168 $ 503 $ (802) $ (74)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 585     585    
Foreign currency translation adjustments (174)         (174)
Fixed price diesel swaps (2)         (2)
Stock compensation expense, net     49      
Exercise of common stock options     1      
4 percent Convertible Senior Notes (in shares) [1]   4        
4 percent Convertible Senior Notes [1]     5      
Shares repurchased and retired     (31)      
Repurchase of common stock (in shares)   (10)     10  
Repurchase of common stock         $ (758)  
Excess tax benefits from share-based payment arrangements, net     5      
Balance at Dec. 31, 2015   $ 1 2,197 1,088 $ (1,560) (250)
Balance (in shares) at Dec. 31, 2015   92     (20)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 566     566    
Foreign currency translation adjustments 28         28
Fixed price diesel swaps 4         4
Stock compensation expense, net     45      
Exercise of common stock options     1      
Shares repurchased and retired     (11)      
Repurchase of common stock (in shares)   (8)     8  
Repurchase of common stock         $ (517)  
Excess tax benefits from share-based payment arrangements, net     56      
Balance at Dec. 31, 2016 1,648 $ 1 2,288 1,654 $ (2,077) (218) [2]
Balance (in shares) at Dec. 31, 2016   84     (28)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Cumulative effect of a change in accounting for share-based payments (note 2)       5    
Net income 1,346     1,346    
Foreign currency translation adjustments 67         67 [2]
Fixed price diesel swaps 0          
Neff acquisition (note 3)     7      
Stock compensation expense, net [3]     91      
Exercise of common stock options     3      
Shares repurchased and retired     (28)      
Repurchase of common stock         $ (28)  
Other     (5)      
Balance at Dec. 31, 2017 $ 3,106 $ 1 $ 2,356 $ 3,005 $ (2,105) $ (151) [2]
Balance (in shares) at Dec. 31, 2017   84     (28)  
[1] Reflects amortization of the original issue discount on the 4 percent Convertible Senior Notes and the conversion of all outstanding 4 percent Convertible Senior Notes.
[2] As of December 31, 2017, 2016 and 2015, the Accumulated Other Comprehensive Loss balance primarily reflects foreign currency translation adjustments.
[3] Includes net stock compensation expense as reported as a separate component in our consolidated statements of cash flows, and net stock compensation expense included in “Restructuring charge” as reported in our consolidated statements of cash flows.