Segment Information

6 Months Ended

Jun. 30, 2013

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, Pacific West, South, Southeast and Western Canada—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 is comprised of the Trench Safety region, which rents trench safety equipment such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers and line testing equipment for underground work, and the Power and HVAC region, which rents power and HVAC equipment such as portable diesel generators, electrical distribution equipment, and temperature control equipment including heating and cooling equipment. 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 June 30, 2013
Equipment rentals	$	932	$	77	$	1,009
Sales of rental equipment	126		5		131
Sales of new equipment	22		2		24
Contractor supplies sales	21		2		23
Service and other revenues	17		2		19
Total revenue	1,118		88		1,206
Depreciation and amortization expense	258		12		270
Equipment rentals gross profit	366		36		402
Three Months Ended June 30, 2012
Equipment rentals	$	781	$	64	$	845
Sales of rental equipment	78		3		81
Sales of new equipment	20		2		22
Contractor supplies sales	21		2		23
Service and other revenues	21		1		22
Total revenue	921		72		993
Depreciation and amortization expense	209		12		221
Equipment rentals gross profit	293		30		323
Six Months Ended June 30, 2013
Equipment rentals	$	1,786	$	139	$	1,925
Sales of rental equipment	245		9		254
Sales of new equipment	42		3		45
Contractor supplies sales	39		4		43
Service and other revenues	36		3		39
Total revenue	2,148		158		2,306
Depreciation and amortization expense	510		26		536
Equipment rentals gross profit	661		62		723
Capital expenditures	1,003		63		1,066
Six Months Ended June 30, 2012
Equipment rentals	$	1,256	$	112	$	1,368
Sales of rental equipment	152		5		157
Sales of new equipment	37		3		40
Contractor supplies sales	37		4		41
Service and other revenues	41		2		43
Total revenue	1,523		126		1,649
Depreciation and amortization expense	328		22		350
Equipment rentals gross profit	437		48		485
Capital expenditures	853		45		898

	June 30, 2013		December 31, 2012
Total reportable segment assets
General rentals	$	10,811	$	10,545
Trench safety, power and HVAC	515		481
Total assets	$	11,326	$	11,026

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 (loss) before provision (benefit) for income taxes:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Total equipment rentals gross profit	$	402		$	323		$	723		$	485
Gross profit from other lines of business	69			51			133			102
Selling, general and administrative expenses	(152		)	(146		)	(312		)	(248		)
RSC merger related costs	(2		)	(80		)	(8		)	(90		)
Restructuring charge	(5		)	(53		)	(11		)	(53		)
Non-rental depreciation and amortization	(62		)	(49		)	(126		)	(63		)
Interest expense, net	(118		)	(121		)	(236		)	(189		)
Interest expense- subordinated convertible debentures	(1		)	(1		)	(3		)	(2		)
Other income, net	—			12			1			13
Income (loss) before provision (benefit) for income taxes	$	131		$	(64	)	$	161		$	(45	)