Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting, Measurement Disclosures [Abstract]

Segment Information

Segment Information

Our reportable segments are general rentals and trench safety, power and HVAC (“heating, ventilating and air conditioning”). The general rentals segment includes the rental of construction, infrastructure, industrial and homeowner equipment and related services and activities. The general rentals segment’s customers include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The general rentals segment comprises 12 geographic regions—Eastern Canada, Gulf South, Industrial (which serves the geographic Gulf region and has a strong industrial presence), Mid-Atlantic, Mid-Central, Midwest, Mountain West, Northeast, Northwest, South, Southeast and Southwest—and operates throughout the United States and Canada. The trench safety, power and HVAC segment includes the rental of specialty construction products and related services. The trench safety, power and HVAC segment’s customers include construction companies involved in infrastructure projects, municipalities and industrial companies. This segment operates throughout the United States and in Canada. These segments align our external segment reporting with how management evaluates and allocates resources. We evaluate segment performance based on segment equipment rentals gross profit.

The following tables set forth financial information by segment.

	General rentals		Trench safety, power and  HVAC		Total
Three Months Ended September 30, 2012
Equipment rentals	$	971	$	80	$	1,051
Sales of rental equipment	98		3		101
Sales of new equipment	22		2		24
Contractor supplies sales	21		2		23
Service and other revenues	19		1		20
Total revenue	1,131		88		1,219
Depreciation and amortization expense	264		11		275
Equipment rentals gross profit	410		42		452
Three Months Ended September 30, 2011
Equipment rentals	$	540	$	64	$	604
Sales of rental equipment	40		2		42
Sales of new equipment	22		2		24
Contractor supplies sales	21		2		23
Service and other revenues	20		—		20
Total revenue	643		70		713
Depreciation and amortization expense	116		7		123
Equipment rentals gross profit	198		35		233
Nine Months Ended September 30, 2012
Equipment rentals	$	2,227	$	192	$	2,419
Sales of rental equipment	250		8		258
Sales of new equipment	59		5		64
Contractor supplies sales	58		6		64
Service and other revenues	60		3		63
Total revenue	2,654		214		2,868
Depreciation and amortization expense	592		33		625
Equipment rentals gross profit	847		90		937
Capital expenditures	1,112		73		1,185
Nine Months Ended September 30, 2011
Equipment rentals	$	1,419	$	143	$	1,562
Sales of rental equipment	110		5		115
Sales of new equipment	54		6		60
Contractor supplies sales	61		5		66
Service and other revenues	60		2		62
Total revenue	1,704		161		1,865
Depreciation and amortization expense	330		21		351
Equipment rentals gross profit	442		68		510
Capital expenditures	595		60		655

	September 30, 2012		December 31, 2011
Total reportable segment assets
General rentals	$	10,502	$	3,776
Trench safety, power and HVAC	490		367
Total assets	$	10,992	$	4,143

Equipment rentals gross profit is the primary measure management reviews to make operating decisions and assess segment performance. The following is a reconciliation of equipment rentals gross profit to income from continuing operations before provision for income taxes:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Total equipment rentals gross profit	$	452		$	233		$	937		$	510
Gross profit from other lines of business	53			41			155			113
Selling, general and administrative expenses	(164		)	(103		)	(412		)	(298		)
RSC merger related costs	(8		)	—			(98		)	—
Restructuring charge	(40		)	(2		)	(93		)	(5		)
Non-rental depreciation and amortization	(71		)	(13		)	(134		)	(39		)
Interest expense, net	(127		)	(57		)	(316		)	(170		)
Interest expense- subordinated convertible debentures	(1		)	(1		)	(3		)	(5		)
Other (expense) income, net	—			(2		)	13			2
Income from continuing operations before provision for income taxes	$	94		$	96		$	49		$	108