Segment Information (Tables)

6 Months Ended

Jun. 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 June 30, 2023
Equipment rentals	$	2,189	$	792	$	2,981
Sales of rental equipment	342		40		382
Sales of new equipment	24		46		70
Contractor supplies sales	23		14		37
Service and other revenues	75		9		84
Total revenue	2,653		901		3,554
Depreciation and amortization expense	580		116		696
Equipment rentals gross profit	788		385		1,173
Three Months Ended June 30, 2022
Equipment rentals	$	1,787	$	675	$	2,462
Sales of rental equipment	138		26		164
Sales of new equipment	17		21		38
Contractor supplies sales	22		11		33
Service and other revenues	63		11		74
Total revenue	2,027		744		2,771
Depreciation and amortization expense	428		120		548
Equipment rentals gross profit	691		312		1,003
Six Months Ended June 30, 2023
Equipment rentals	$	4,207	$	1,514	$	5,721
Sales of rental equipment	692		78		770
Sales of new equipment	42		72		114
Contractor supplies sales	44		27		71
Service and other revenues	147		16		163
Total revenue	5,132		1,707		6,839
Depreciation and amortization expense	1,157		232		1,389
Equipment rentals gross profit	1,451		725		2,176
Capital expenditures	1,766		461		2,227
Six Months Ended June 30, 2022
Equipment rentals	$	3,380	$	1,257	$	4,637
Sales of rental equipment	322		53		375
Sales of new equipment	46		37		83
Contractor supplies sales	40		22		62
Service and other revenues	121		17		138
Total revenue	3,909		1,386		5,295
Depreciation and amortization expense	850		230		1,080
Equipment rentals gross profit	1,266		571		1,837
Capital expenditures	1,094		383		1,477

	June 30, 2023		December 31, 2022
Total reportable segment assets
General rentals	$	20,609	$	19,604
Specialty	4,897		4,579
Total assets	$	25,506	$	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				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Total equipment rentals gross profit	$	1,173	$	1,003	$	2,176	$	1,837
Gross profit from other lines of business	252		147		490		305
Selling, general and administrative expenses	(378)		(343)		(760)		(666)
Restructuring charge (1)	(18)		(1)		(19)		(1)
Non-rental depreciation and amortization	(104)		(91)		(222)		(188)
Interest expense, net	(161)		(113)		(311)		(207)
Other income, net	8		6		12		11
Income before provision for income taxes	$	772	$	608	$	1,366	$	1,091

 ___________________

(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.