Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)

9 Months Ended

Sep. 30, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

CONDENSED CONSOLIDATING BALANCE SHEET

September 30, 2012



	Parent		URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries					Eliminations			Total
	Parent		URNA			Guarantor Subsidiaries			Foreign			SPV		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	16		$	—		$	52		$	—	$	—		$	68
Accounts receivable, net	—		27			—			128			649		—			804
Intercompany receivable (payable)	106		(48		)	(47		)	(163		)	—		152			—
Inventory	—		80			—			9			—		—			89
Prepaid expenses and other assets	—		88			9			11			—		—			108
Deferred taxes	—		39			—			3			—		—			42
Total current assets	106		202			(38		)	40			649		152			1,111
Rental equipment, net	—		4,477			—			626			—		—			5,103
Property and equipment, net	41		330			18			37			—		—			426
Investments in subsidiaries	1,591		1,014			896			—			—		(3,501		)	—
Goodwill and other intangibles, net	—		3,854			—			374			—		—			4,228
Other long-term assets	4		119			—			—			1		—			124
Total assets	$	1,742	$	9,996		$	876		$	1,077		$	650	$	(3,349	)	$	10,992
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	135	$	41		$	—		$	—		$	475	$	—		$	651
Accounts payable	—		352			—			56			—		—			408
Accrued expenses and other liabilities	4		378			37			36			—		—			455
Total current liabilities	139		771			37			92			475		—			1,514
Long-term debt	—		6,566			152			6			—		—			6,724
Subordinated convertible debentures	55		—			—			—			—		—			55
Deferred taxes	20		1,004			—			82			—		—			1,106
Other long-term liabilities	—		64			—			1			—		—			65
Total liabilities	214		8,405			189			181			475		—			9,464
Temporary equity (note 8)	33		—			—			—			—		—			33
Total stockholders’ equity (deficit)	1,495		1,591			687			896			175		(3,349		)	1,495
Total liabilities and stockholders’ equity (deficit)	$	1,742	$	9,996		$	876		$	1,077		$	650	$	(3,349	)	$	10,992

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2011



	Parent		URNA			Guarantor Subsidiaries		Non-Guarantor Subsidiaries					Eliminations			Total
	Parent		URNA			Guarantor Subsidiaries		Foreign			SPV		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	6		$	—	$	30		$	—	$	—		$	36
Accounts receivable, net	—		19			9		98			338		—			464
Intercompany receivable (payable)	114		(876		)	772		(154		)	—		144			—
Inventory	—		21			15		8			—		—			44
Prepaid expenses and other assets	—		55			1		19			—		—			75
Deferred taxes	—		100			3		1			—		—			104
Total current assets	114		(675		)	800		2			338		144			723
Rental equipment, net	—		1,345			836		436			—		—			2,617
Property and equipment, net	41		177			120		28			—		—			366
Investments in subsidiaries	227		2,144			462		—			—		(2,833		)	—
Goodwill and other intangibles, net	—		130			102		140			—		—			372
Other long-term assets	4		60			1		—			—		—			65
Total assets	$	386	$	3,181		$	2,321	$	606		$	338	$	(2,689	)	$	4,143
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	129	$	8		$	—	$	3		$	255	$	—		$	395
Accounts payable	—		120			47		39			—		—			206
Accrued expenses and other liabilities	31		139			48		45			—		—			263
Total current liabilities	160		267			95		87			255		—			864
Long-term debt	—		2,444			142		6			—		—			2,592
Subordinated convertible debentures	55		—			—		—			—		—			55
Deferred taxes	16		241			165		48			—		—			470
Other long-term liabilities	52		2			2		3			—		—			59
Total liabilities	283		2,954			404		144			255		—			4,040
Temporary equity (note 8)	39		—			—		—			—		—			39
Total stockholders’ equity (deficit)	64		227			1,917		462			83		(2,689		)	64
Total liabilities and stockholders’ equity (deficit)	$	386	$	3,181		$	2,321	$	606		$	338	$	(2,689	)	$	4,143

Condensed Consolidating Statement of Operations

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

For the Three Months Ended September 30, 2012



	Parent			URNA		Guarantor Subsidiaries			Non-Guarantor Subsidiaries					Eliminations			Total
									Foreign		SPV
Revenues:
Equipment rentals	$	—		$	906	$	—		$	145	$	—		$	—		$	1,051
Sales of rental equipment	—			89		—			12		—			—			101
Sales of new equipment	—			18		—			6		—			—			24
Contractor supplies sales	—			19		—			4		—			—			23
Service and other revenues	—			16		—			4		—			—			20
Total revenues	—			1,048		—			171		—			—			1,219
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			343		—			52		—			—			395
Depreciation of rental equipment	—			180		—			24		—			—			204
Cost of rental equipment sales	—			65		—			7		—			—			72
Cost of new equipment sales	—			14		—			5		—			—			19
Cost of contractor supplies sales	—			15		—			2		—			—			17
Cost of service and other revenues	—			6		(1		)	2		—			—			7
Total cost of revenues	—			623		(1		)	92		—			—			714
Gross profit	—			425		1			79		—			—			505
Selling, general and administrative expenses	7			133		—			23		1			—			164
RSC merger related costs	—			8		—			—		—			—			8
Restructuring charge	—			38		—			2		—			—			40
Non-rental depreciation and amortization	5			60		—			6		—			—			71
Operating (loss) income	(12		)	186		1			48		(1		)	—			222
Interest expense (income), net	3			122		1			1		1			(1		)	127
Interest expense-subordinated convertible debentures	1			—		—			—		—			—			1
Other (income) expense, net	(23		)	49		1			2		(29		)	—			—
Income (loss) before provision for income taxes	7			15		(1		)	45		27			1			94
Provision for income taxes	—			2		—			8		11			—			21
Income (loss) before equity in net earnings (loss) of subsidiaries	7			13		(1		)	37		16			1			73
Equity in net earnings (loss) of subsidiaries	66			53		37			—		—			(156		)	—
Net income (loss)	73			66		36			37		16			(155		)	73
Other comprehensive income (loss)	21			21		20			12		—			(53		)	21
Comprehensive income (loss)	$	94		$	87	$	56		$	49	$	16		$	(208	)	$	94

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

For the Three Months Ended September 30, 2011



	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries						Eliminations			Total
										Foreign			SPV
Revenues:
Equipment rentals	$	—		$	284		$	213		$	107		$	—		$	—		$	604
Sales of rental equipment	—			25			11			6			—			—			42
Sales of new equipment	—			10			6			8			—			—			24
Contractor supplies sales	—			12			6			5			—			—			23
Service and other revenues	—			11			5			4			—			—			20
Total revenues	—			342			241			130			—			—			713
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			126			97			38			—			—			261
Depreciation of rental equipment	—			57			35			18			—			—			110
Cost of rental equipment sales	—			16			7			4			—			—			27
Cost of new equipment sales	—			8			5			6			—			—			19
Cost of contractor supplies sales	—			7			4			4			—			—			15
Cost of service and other revenues	—			6			1			—			—			—			7
Total cost of revenues	—			220			149			70			—			—			439
Gross profit	—			122			92			60			—			—			274
Selling, general and administrative expenses	7			40			35			17			4			—			103
Restructuring charge	—			1			1			—			—			—			2
Non-rental depreciation and amortization	4			4			2			3			—			—			13
Operating (loss) income	(11		)	77			54			40			(4		)	—			156
Interest expense (income), net	3			51			(7		)	2			1			7			57
Interest expense-subordinated convertible debentures	1			—			—			—			—			—			1
Other (income) expense, net	(19		)	17			12			2			(10		)	—			2
Income before provision (benefit) for income taxes	4			9			49			36			5			(7		)	96
Provision (benefit) for income taxes	2			(20		)	34			9			6			—			31
Income (loss) before equity in net earnings (loss) of subsidiaries	2			29			15			27			(1		)	(7		)	65
Equity in net earnings (loss) of subsidiaries	63			34			20			—			—			(117		)	—
Net income (loss)	65			63			35			27			(1		)	(124		)	65
Other comprehensive (loss) income	(37		)	(37		)	(36		)	(19		)	—			92			(37		)
Comprehensive income (loss)	$	28		$	26		$	(1	)	$	8		$	(1	)	$	(32	)	$	28

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

For the Nine Months Ended September 30, 2012



	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries					Eliminations			Total
										Foreign		SPV (1)
Revenues:
Equipment rentals	$	—		$	1,821		$	249		$	349	$	—		$	—		$	2,419
Sales of rental equipment	—			194			32			32		—			—			258
Sales of new equipment	—			39			7			18		—			—			64
Contractor supplies sales	—			43			7			14		—			—			64
Service and other revenues	—			41			8			14		—			—			63
Total revenues	—			2,138			303			427		—			—			2,868
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			730			117			144		—			—			991
Depreciation of rental equipment	—			375			50			66		—			—			491
Cost of rental equipment sales	—			136			20			19		—			—			175
Cost of new equipment sales	—			31			6			14		—			—			51
Cost of contractor supplies sales	—			31			5			9		—			—			45
Cost of service and other revenues	—			16			2			5		—			—			23
Total cost of revenues	—			1,319			200			257		—			—			1,776
Gross profit	—			819			103			170		—			—			1,092
Selling, general and administrative expenses	26			271			47			57		11			—			412
RSC merger related costs	—			98			—			—		—			—			98
Restructuring charge	—			90			—			3		—			—			93
Non-rental depreciation and amortization	12			105			5			12		—			—			134
Operating (loss) income	(38		)	255			51			98		(11		)	—			355
Interest expense (income), net	9			241			34			3		32			(3		)	316
Interest expense-subordinated convertible debentures	3			—			—			—		—			—			3
Other (income) expense, net	(61		)	79			10			9		(50		)	—			(13		)
Income (loss) before provision (benefit) for income taxes	11			(65		)	7			86		7			3			49
Provision (benefit) for income taxes	1			(23		)	17			17		3			—			15
Income (loss) before equity in net earnings (loss) of subsidiaries	10			(42		)	(10		)	69		4			3			34
Equity in net earnings (loss) of subsidiaries	24			66			70			—		—			(160		)	—
Net income (loss)	34			24			60			69		4			(157		)	34
Other comprehensive income (loss)	19			19			19			11		—			(49		)	19
Comprehensive income (loss)	$	53		$	43		$	79		$	80	$	4		$	(206	)	$	53


(1)	Includes interest expense prior to the April 30, 2012 RSC acquisition date on the merger financing debt issued by Funding SPV, as discussed further in note 8 to our condensed consolidated financial statements.

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

For the Nine Months Ended September 30, 2011



	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries						Eliminations			Total
										Foreign			SPV
Revenues:
Equipment rentals	$	—		$	756		$	540		$	266		$	—		$	—		$	1,562
Sales of rental equipment	—			66			32			17			—			—			115
Sales of new equipment	—			27			15			18			—			—			60
Contractor supplies sales	—			30			19			17			—			—			66
Service and other revenues	—			33			16			13			—			—			62
Total revenues	—			912			622			331			—			—			1,865
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			360			265			115			—			—			740
Depreciation of rental equipment	—			165			101			46			—			—			312
Cost of rental equipment sales	—			42			21			10			—			—			73
Cost of new equipment sales	—			22			12			14			—			—			48
Cost of contractor supplies sales	—			20			13			12			—			—			45
Cost of service and other revenues	—			15			5			4			—			—			24
Total cost of revenues	—			624			417			201			—			—			1,242
Gross profit	—			288			205			130			—			—			623
Selling, general and administrative expenses	20			111			100			52			15			—			298
Restructuring charge	—			3			2			—			—			—			5
Non-rental depreciation and amortization	11			12			11			5			—			—			39
Operating (loss) income	(31		)	162			92			73			(15		)	—			281
Interest expense (income), net	9			155			(4		)	3			3			4			170
Interest expense-subordinated convertible debentures	5			—			—			—			—			—			5
Other (income) expense, net	(51		)	42			27			8			(28		)	—			(2		)
Income (loss) before provision (benefit) for income taxes	6			(35		)	69			62			10			(4		)	108
Provision (benefit) for income taxes	2			(18		)	28			18			5			—			35
Income (loss) from continuing operations	4			(17		)	41			44			5			(4		)	73
Loss from discontinued operation, net of taxes	—			(1		)	—			—			—			—			(1		)
Income (loss) before equity in net earnings (loss) of subsidiaries	4			(18		)	41			44			5			(4		)	72
Equity in net earnings (loss) of subsidiaries	68			86			40			—			—			(194		)	—
Net income (loss)	72			68			81			44			5			(198		)	72
Other comprehensive (loss) income	(24		)	(24		)	(23		)	(13		)	—			60			(24		)
Comprehensive income (loss)	$	48		$	44		$	58		$	31		$	5		$	(138	)	$	48

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Nine Months Ended September 30, 2012



	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries						Eliminations		Total
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations		Total
Net cash provided by (used in) operating activities	$	8		$	515		$	150		$	111		$	(289	)	$	—	$	495
Net cash used in investing activities	(8		)	(1,820		)	(154		)	(84		)	—			—		(2,066		)
Net cash provided by (used in) financing activities	—			1,315			4			(6		)	289			—		1,602
Effect of foreign exchange rates	—			—			—			1			—			—		1
Net increase in cash and cash equivalents	—			10			—			22			—			—		32
Cash and cash equivalents at beginning of period	—			6			—			30			—			—		36
Cash and cash equivalents at end of period	$	—		$	16		$	—		$	52		$	—		$	—	$	68

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Nine Months Ended September 30, 2011



	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries						Eliminations		Total
										Foreign			SPV
Net cash provided by (used in) operating activities	$	3		$	192		$	215		$	83		$	(40	)	$	—	$	453
Net cash used in investing activities	(11		)	(221		)	(219		)	(276		)	—			—		(727		)
Net cash provided by financing activities	8			29			4			11			40			—		92
Effect of foreign exchange rates	—			—			—			5			—			—		5
Net decrease in cash and cash equivalents	—			—			—			(177		)	—			—		(177		)
Cash and cash equivalents at beginning of period	—			4			—			199			—			—		203
Cash and cash equivalents at end of period	$	—		$	4		$	—		$	22		$	—		$	—	$	26