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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows From Operating Activities:    
Net income $ 154 $ 104
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 576 536
Amortization of deferred financing costs and original issue discounts 10 11
Gain on sales of rental equipment (103) (84)
Gain on sales of non-rental equipment (4) (2)
(Gain) loss on sale of software subsidiary 0 1
Stock compensation expense, net 31 19
Merger related costs 9 8
Restructuring charge 0 [1] 11
Loss on extinguishment of debt securities 75 0
Loss on retirement of subordinated convertible debentures 0 2
Increase in deferred taxes 57 39
Changes in operating assets and liabilities, net of amounts acquired:    
Decrease in accounts receivable 8 34
Increase in inventory (31) (43)
(Increase) decrease in prepaid expenses and other assets (5) 6
Increase in accounts payable 315 323
Decrease in accrued expenses and other liabilities (38) (87)
Net cash provided by operating activities 1,054 878
Cash Flows From Investing Activities:    
Purchases of rental equipment (1,028) (1,025)
Purchases of non-rental equipment (52) (41)
Proceeds from sales of rental equipment 248 254
Proceeds from sales of non-rental equipment 18 11
Purchases of other companies, net of cash acquired (756) 0
Net cash used in investing activities (1,570) (801)
Cash Flows From Financing Activities:    
Proceeds from debt 4,776 1,639
Payments of debt, including subordinated convertible debentures (4,022) (1,607)
Proceeds from the exercise of common stock options 2 5
Common stock repurchased (247) (84)
Payments of financing costs (22) 0
Cash received in connection with the 4 percent Convertible Senior Notes and related hedge, net 25 4
Net cash provided by (used in) financing activities 512 (43)
Effect of foreign exchange rates (1) (7)
Net (decrease) increase in cash and cash equivalents (5) 27
Cash and cash equivalents at beginning of period 175 106
Cash and cash equivalents at end of period 170 133
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 36 31
Cash paid for interest, including subordinated convertible debentures $ 224 $ 229
[1] Reflected in our condensed consolidated statements of income as “Restructuring charge.” These charges are not allocated to our reportable segments.