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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash Flows From Operating Activities:    
Net income (loss) $ 104 $ (39)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 536 350
Amortization of deferred financing costs and original issue discounts 11 12
Gain on sales of rental equipment (84) (54)
Gain on sales of non-rental equipment (2) (2)
Gain on sale of software subsidiary 1 (10)
Stock compensation expense, net 19 13
RSC merger related costs 8 90
Restructuring charge 11 [1] 53
Loss on retirement of subordinated convertible debentures 2 0
Increase (decrease) in deferred taxes 39 (14)
Changes in operating assets and liabilities, net of amounts acquired:    
Decrease in accounts receivable 34 3
Increase in inventory (43) (39)
Decrease (increase) in prepaid expenses and other assets 6 (16)
Increase in accounts payable 323 96
Decrease in accrued expenses and other liabilities (87) (101)
Net cash provided by operating activities 878 342
Cash Flows From Investing Activities:    
Purchases of rental equipment (1,025) (836)
Purchases of non-rental equipment (41) (62)
Proceeds from sales of rental equipment 254 157
Proceeds from sales of non-rental equipment 11 12
Purchases of other companies, net of cash acquired 0 (1,175)
Proceeds from sale of software subsidiary 0 10
Net cash used in investing activities (801) (1,894)
Cash Flows From Financing Activities:    
Proceeds from debt 1,639 4,193
Payments of debt, including subordinated convertible debentures (1,607) (2,464)
Proceeds from the exercise of common stock options 5 11
Common stock repurchased (84) (115)
Payments of financing costs 0 (67)
Cash received in connection with the 4 percent Convertible Senior Notes and related hedge, net 4 0
Excess tax benefits from share-based payment arrangements, net 0 (1)
Net cash (used in) provided by financing activities (43) 1,557
Effect of foreign exchange rates (7) 0
Net increase in cash and cash equivalents 27 5
Cash and cash equivalents at beginning of period 106 36
Cash and cash equivalents at end of period 133 41
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 31 24
Cash paid for interest, including subordinated convertible debentures $ 229 $ 134
[1] Reflected in our condensed consolidated statements of income as “Restructuring charge.” These charges are not allocated to our reportable segments.