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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities:    
Net income $ 226 $ 201
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 616 611
Amortization of deferred financing costs and original issue discounts 4 5
Gain on sales of rental equipment (102) (108)
Gain on sales of non-rental equipment (1) (4)
Stock compensation expense, net 22 25
Merger related costs 0 (26)
Restructuring charge 4 1
Loss on repurchase/redemption of debt securities and amendment of ABL facility 26 123
Excess tax benefits from share-based payment arrangements (53) 0
Increase in deferred taxes 69 70
Changes in operating assets and liabilities, net of amounts acquired:    
Decrease in accounts receivable 68 37
Increase in inventory (2) (3)
Decrease (increase) in prepaid expenses and other assets 64 (3)
Increase in accounts payable 337 401
Decrease in accrued expenses and other liabilities (31) (80)
Net cash provided by operating activities 1,247 1,250
Cash Flows From Investing Activities:    
Purchases of other companies, net of cash acquired (14) (58)
Net cash used in investing activities (522) (876)
Cash Flows From Financing Activities:    
Proceeds from debt 3,964 5,907
Payments of debt (4,320) (5,647)
Payment of contingent consideration 0 (52)
Proceeds from the exercise of common stock options 0 1
Common stock repurchased (336) (501)
Payments of financing costs (12) (26)
Excess tax benefits from share-based payment arrangements 53 0
Net cash used in financing activities (651) (318)
Effect of foreign exchange rates 12 (14)
Net increase in cash and cash equivalents 86 42
Cash and cash equivalents at beginning of period 179 158
Cash and cash equivalents at end of period 265 200
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 3 30
Cash paid for interest 219 253
Rental equipment    
Cash Flows From Investing Activities:    
Purchases of equipment (722) (1,016)
Proceeds from sales of equipment 249 240
Nonrental equipment    
Cash Flows From Investing Activities:    
Purchases of equipment (42) (50)
Proceeds from sales of equipment $ 7 $ 8