Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)

6 Months Ended

Jun. 30, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

June 30, 2013



	Parent		URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries					Eliminations			Total
	Parent		URNA			Guarantor Subsidiaries			Foreign			SPV		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	7		$	—		$	126		$	—	$	—		$	133
Accounts receivable, net	—		25			—			123			603		—			751
Intercompany receivable (payable)	242		(189		)	(42		)	(157		)	—		146			—
Inventory	—		101			—			10			—		—			111
Prepaid expenses and other assets	—		97			—			16			—		—			113
Deferred taxes	—		253			—			2			—		—			255
Total current assets	242		294			(42		)	120			603		146			1,363
Rental equipment, net	—		4,771			—			609			—		—			5,380
Property and equipment, net	48		318			15			36			—		—			417
Investments in subsidiaries	1,480		1,025			923			—			—		(3,428		)	—
Goodwill, net	—		2,707			—			247			—		—			2,954
Other intangible assets, net	—		1,011			—			92			—		—			1,103
Other long-term assets	3		106			—			—			—		—			109
Total assets	$	1,773	$	10,232		$	896		$	1,104		$	603	$	(3,282	)	$	11,326
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	142	$	34		$	—		$	—		$	448	$	—		$	624
Accounts payable	—		537			—			69			—		—			606
Accrued expenses and other liabilities	—		309			30			23			—		—			362
Total current liabilities	142		880			30			92			448		—			1,592
Long-term debt	—		6,582			142			8			—		—			6,732
Subordinated convertible debentures	—		—			—			—			—		—			—
Deferred taxes	22		1,227			—			79			—		—			1,328
Other long-term liabilities	—		63			—			2			—		—			65
Total liabilities	164		8,752			172			181			448		—			9,717
Temporary equity (note 6)	26		—			—			—			—		—			26
Total stockholders’ equity (deficit)	1,583		1,480			724			923			155		(3,282		)	1,583
Total liabilities and stockholders’ equity (deficit)	$	1,773	$	10,232		$	896		$	1,104		$	603	$	(3,282	)	$	11,326

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012



	Parent		URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries					Eliminations			Total
	Parent		URNA			Guarantor Subsidiaries			Foreign			SPV		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	20		$	—		$	86		$	—	$	—		$	106
Accounts receivable, net	—		43			—			146			604		—			793
Intercompany receivable (payable)	168		(108		)	(49		)	(163		)	—		152			—
Inventory	—		60			—			8			—		—			68
Prepaid expenses and other assets	—		87			10			14			—		—			111
Deferred taxes	—		263			—			2			—		—			265
Total current assets	168		365			(39		)	93			604		152			1,343
Rental equipment, net	—		4,357			—			609			—		—			4,966
Property and equipment, net	41		333			16			38			—		—			428
Investments in subsidiaries	1,575		1,029			932			—			—		(3,536		)	—
Goodwill, net	—		2,710			—			260			—		—			2,970
Other intangible assets, net	—		1,094			—			106			—		—			1,200
Other long-term assets	4		115			—			—			—		—			119
Total assets	$	1,788	$	10,003		$	909		$	1,106		$	604	$	(3,384	)	$	11,026
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	137	$	40		$	—		$	—		$	453	$	—		$	630
Accounts payable	—		243			—			43			—		—			286
Accrued expenses and other liabilities	1		361			33			40			—		—			435
Total current liabilities	138		644			33			83			453		—			1,351
Long-term debt	—		6,522			150			7			—		—			6,679
Subordinated convertible debentures	55		—			—			—			—		—			55
Deferred taxes	21		1,199			—			82			—		—			1,302
Other long-term liabilities	—		63			—			2			—		—			65
Total liabilities	214		8,428			183			174			453		—			9,452
Temporary equity (note 6)	31		—			—			—			—		—			31
Total stockholders’ equity (deficit)	1,543		1,575			726			932			151		(3,384		)	1,543
Total liabilities and stockholders’ equity (deficit)	$	1,788	$	10,003		$	909		$	1,106		$	604	$	(3,384	)	$	11,026

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

For the Three Months Ended June 30, 2013



	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries						Eliminations			Total
										Foreign			SPV
Revenues:
Equipment rentals	$	—		$	870		$	—		$	139		$	—		$	—		$	1,009
Sales of rental equipment	—			116			—			15			—			—			131
Sales of new equipment	—			18			—			6			—			—			24
Contractor supplies sales	—			18			—			5			—			—			23
Service and other revenues	—			16			—			3			—			—			19
Total revenues	—			1,038			—			168			—			—			1,206
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			336			—			63			—			—			399
Depreciation of rental equipment	—			184			—			24			—			—			208
Cost of rental equipment sales	—			78			—			9			—			—			87
Cost of new equipment sales	—			14			—			5			—			—			19
Cost of contractor supplies sales	—			13			—			3			—			—			16
Cost of service and other revenues	—			4			—			2			—			—			6
Total cost of revenues	—			629			—			106			—			—			735
Gross profit	—			409			—			62			—			—			471
Selling, general and administrative expenses	(10		)	138			—			23			1			—			152
RSC merger related costs	—			2			—			—			—			—			2
Restructuring charge	—			5			—			—			—			—			5
Non-rental depreciation and amortization	4			53			—			5			—			—			62
Operating income (loss)	6			211			—			34			(1		)	—			250
Interest expense (income), net	4			112			2			—			1			(1		)	118
Interest expense-subordinated convertible debentures	1			—			—			—			—			—			1
Other (income) expense, net	(35		)	48			—			6			(19		)	—			—
Income (loss) before provision for income taxes	36			51			(2		)	28			17			1			131
Provision for income taxes	8			27			—			7			6			—			48
Income (loss) before equity in net earnings (loss) of subsidiaries	28			24			(2		)	21			11			1			83
Equity in net earnings (loss) of subsidiaries	55			31			21			—			—			(107		)	—
Net income (loss)	83			55			19			21			11			(106		)	83
Other comprehensive (loss) income	(32		)	(32		)	(32		)	(25		)	—			89			(32		)
Comprehensive income (loss)	$	51		$	23		$	(13	)	$	(4	)	$	11		$	(17	)	$	51

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

For the Three Months Ended June 30, 2012



	Parent			URNA			Guarantor Subsidiaries			Non-Guarantor Subsidiaries						Eliminations			Total
										Foreign			SPV (1)
Revenues:
Equipment rentals	$	—		$	665		$	66		$	114		$	—		$	—		$	845
Sales of rental equipment	—			66			6			9			—			—			81
Sales of new equipment	—			13			2			7			—			—			22
Contractor supplies sales	—			16			2			5			—			—			23
Service and other revenues	—			14			3			5			—			—			22
Total revenues	—			774			79			140			—			—			993
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			272			29			49			—			—			350
Depreciation of rental equipment	—			136			13			23			—			—			172
Cost of rental equipment sales	—			47			4			5			—			—			56
Cost of new equipment sales	—			10			2			5			—			—			17
Cost of contractor supplies sales	—			12			1			3			—			—			16
Cost of service and other revenues	—			4			1			3			—			—			8
Total cost of revenues	—			481			50			88			—			—			619
Gross profit	—			293			29			52			—			—			374
Selling, general and administrative expenses	9			104			11			17			5			—			146
RSC merger related costs	—			80			—			—			—			—			80
Restructuring charge	—			52			—			1			—			—			53
Non-rental depreciation and amortization	3			41			1			4			—			—			49
Operating (loss) income	(12		)	16			17			30			(5		)	—			46
Interest expense (income), net	3			68			32			1			18			(1		)	121
Interest expense-subordinated convertible debentures	1			—			—			—			—			—			1
Other (income) expense, net	(20		)	14			—			4			(10		)	—			(12		)
Income (loss) before provision (benefit) for income taxes	4			(66		)	(15		)	25			(13		)	1			(64		)
Provision (benefit) for income taxes	1			(3		)	(11		)	6			(5		)	—			(12		)
Income (loss) before equity in net (loss) earnings of subsidiaries	3			(63		)	(4		)	19			(8		)	1			(52		)
Equity in net (loss) earnings of subsidiaries	(55		)	8			19			—			—			28			—
Net (loss) income	(52		)	(55		)	15			19			(8		)	29			(52		)
Other comprehensive (loss) income	(12		)	(12		)	(10		)	(6		)	—			28			(12		)
Comprehensive (loss) income	$	(64	)	$	(67	)	$	5		$	13		$	(8	)	$	57		$	(64	)

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Six Months Ended June 30, 2013



	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	$	17		$	719		$	(2	)	$	122		$	22		$	—	$	878
Net cash used in investing activities	(17		)	(710		)	—			(74		)	—			—		(801		)
Net cash (used in) provided by financing activities	—			(22		)	2			(1		)	(22		)	—		(43		)
Effect of foreign exchange rates	—			—			—			(7		)	—			—		(7		)
Net (decrease) increase in cash and cash equivalents	—			(13		)	—			40			—			—		27
Cash and cash equivalents at beginning of period	—			20			—			86			—			—		106
Cash and cash equivalents at end of period	$	—		$	7		$	—		$	126		$	—		$	—	$	133

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Six Months Ended June 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	$	7		$	359		$	150		$	62		$	(236	)	$	—	$	342
Net cash used in investing activities	(7		)	(1,675		)	(152		)	(60		)	—			—		(1,894		)
Net cash provided by (used in) financing activities	—			1,324			2			(5		)	236			—		1,557
Net increase (decrease) in cash and cash equivalents	—			8			—			(3		)	—			—		5
Cash and cash equivalents at beginning of period	—			6			—			30			—			—		36
Cash and cash equivalents at end of period	$	—		$	14		$	—		$	27		$	—		$	—	$	41