Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Financial information by segment

The following tables set forth financial information by segment.

	General rentals		Specialty		Total
Three Months Ended September 30, 2023
Equipment rentals	$	2,307	$	917	$	3,224
Sales of rental equipment	320		46		366
Sales of new equipment	24		28		52
Contractor supplies sales	23		16		39
Service and other revenues	78		6		84
Total revenue	2,752		1,013		3,765
Depreciation and amortization expense	580		115		695
Equipment rentals gross profit	872		478		1,350
Three Months Ended September 30, 2022
Equipment rentals	$	1,942	$	790	$	2,732
Sales of rental equipment	152		29		181
Sales of new equipment	12		20		32
Contractor supplies sales	20		12		32
Service and other revenues	67		7		74
Total revenue	2,193		858		3,051
Depreciation and amortization expense	450		110		560
Equipment rentals gross profit	797		412		1,209
Nine Months Ended September 30, 2023
Equipment rentals	$	6,514	$	2,431	$	8,945
Sales of rental equipment	1,012		124		1,136
Sales of new equipment	66		100		166
Contractor supplies sales	67		43		110
Service and other revenues	225		22		247
Total revenue	7,884		2,720		10,604
Depreciation and amortization expense	1,737		347		2,084
Equipment rentals gross profit	2,323		1,203		3,526
Capital expenditures	2,663		682		3,345
Nine Months Ended September 30, 2022
Equipment rentals	$	5,322	$	2,047	$	7,369
Sales of rental equipment	474		82		556
Sales of new equipment	58		57		115
Contractor supplies sales	60		34		94
Service and other revenues	188		24		212
Total revenue	6,102		2,244		8,346
Depreciation and amortization expense	1,300		340		1,640
Equipment rentals gross profit	2,063		983		3,046
Capital expenditures	1,995		643		2,638

	September 30, 2023		December 31, 2022
Total reportable segment assets
General rentals	$	20,780	$	19,604
Specialty	5,052		4,579
Total assets	$	25,832	$	24,183

Reconciliation to equipment rentals gross profit

The following is a reconciliation of equipment rentals gross profit to income before provision for income taxes:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Total equipment rentals gross profit	$	1,350	$	1,209	$	3,526	$	3,046
Gross profit from other lines of business	235		157		725		462
Selling, general and administrative expenses	(374)		(356)		(1,134)		(1,022)
Restructuring charge (1)	(5)		1		(24)		—
Non-rental depreciation and amortization	(107)		(90)		(329)		(278)
Interest expense, net	(163)		(106)		(474)		(313)
Other income, net	7		1		19		12
Income before provision for income taxes	$	943	$	816	$	2,309	$	1,907

 ___________________

(1)Primarily reflects severance and branch closure charges associated with our restructuring programs. The restructuring charges generally involve the closure of a large number of branches over a short period of time, often in periods following a major acquisition. The increase in 2023 reflects charges associated with a restructuring program initiated following the closing of the Ahern Rentals acquisition.