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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows From Operating Activities:    
Net income $ 34 $ 72
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 625 351
Amortization of deferred financing costs and original issue discounts 17 17
Gain on sales of rental equipment (83) (42)
Gain on sales of non-rental equipment (2) (2)
Gain on sale of software subsidiary (10) 0
Stock compensation expense, net 23 9
RSC merger related costs 98 0
Restructuring charge 93 [1] 5
Loss on retirement of subordinated convertible debentures 0 1
Increase in deferred taxes 5 16
Changes in operating assets and liabilities, net of amounts acquired:    
Increase in accounts receivable (94) (60)
Increase in inventory (22) (17)
Increase in prepaid expenses and other assets (17) (11)
(Decrease) increase in accounts payable (102) 101
(Decrease) increase in accrued expenses and other liabilities (70) 13
Net cash provided by operating activities 495 453
Cash Flows From Investing Activities:    
Purchases of rental equipment (1,109) (631)
Purchases of non-rental equipment (76) (24)
Proceeds from sales of rental equipment 258 115
Proceeds from sales of non-rental equipment 26 11
Purchases of other companies (1,175) (198)
Proceeds from sale of software subsidiary 10 0
Net cash used in investing activities (2,066) (727)
Cash Flows From Financing Activities:    
Proceeds from debt 4,886 1,462
Payments of debt, including subordinated convertible debentures (3,102) (1,383)
Proceeds from the exercise of common stock options 17 31
Common stock repurchased (128) (7)
Payments of financing costs (67) 0
Cash paid in connection with the 4 percent Convertible Senior Notes and related hedge, net 0 (11)
Excess tax benefits from share-based payment arrangements, net (4) 0
Net cash provided by financing activities 1,602 92
Effect of foreign exchange rates 1 5
Net increase (decrease) in cash and cash equivalents 32 (177)
Cash and cash equivalents at beginning of period 36 203
Cash and cash equivalents at end of period 68 26
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 31 20
Cash paid for interest, including subordinated convertible debentures $ 219 $ 141
[1] Reflected in our condensed consolidated statements of income as “Restructuring charge.” These charges are not allocated to our reportable segments.