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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Equipment rentals $ 1,117 $ 1,125
Sales of rental equipment 115 116
Sales of new equipment 30 33
Contractor supplies sales 19 18
Service and other revenues 29 23
Total revenues 1,310 1,315
Cost of revenues:    
Cost of equipment rentals, excluding depreciation 449 444
Depreciation of rental equipment 243 235
Cost of rental equipment sales 68 64
Cost of new equipment sales 25 27
Cost of contractor supplies sales 13 12
Cost of service and other revenues 12 9
Total cost of revenues 810 791
Gross profit 500 524
Selling, general and administrative expenses 177 181
Merger related costs 0 (27)
Restructuring charge 2 1
Non-rental depreciation and amortization 67 69
Operating income 254 300
Interest expense, net 107 121
Other income, net 0 (3)
Income before provision for income taxes 147 182
Provision for income taxes 55 67
Net income $ 92 $ 115
Basic earnings per share (in dollars per share) $ 1.01 $ 1.19
Diluted earnings per share (in dollars per share) $ 1.01 $ 1.16