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Debt (Tables)
 12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of debt instruments
Debt, net of unamortized original issue premiums and unamortized debt issuance costs, consists of the following:
 
 
December 31, 
 
2017
 
2016
Accounts Receivable Securitization Facility (1)
$
695

 
$
568

$3.0 billion ABL Facility (1)
1,670

 
1,645

7 5/8 percent Senior Notes (2)
—

 
469

6 1/8 percent Senior Notes (2)
—

 
936

4 5/8 percent Senior Secured Notes due 2023
992

 
991

5 3/4 percent Senior Notes due 2024
841

 
839

5 1/2 percent Senior Notes due 2025
793

 
792

4 5/8 percent Senior Notes due 2025 (3)
740

 
—

5 7/8 percent Senior Notes due 2026 (3)
998

 
740

5 1/2 percent Senior Notes due 2027 (3)
990

 
739

4 7/8 percent Senior Notes due 2028 (3)
1,648

 
—

4 7/8 percent Senior Notes due 2028 (3)
6

 
—

Capital leases
67

 
71

Total debt
9,440

 
7,790

Less short-term portion
(723
)
 
(597
)
Total long-term debt
$
8,717

 
$
7,193

 
(1)
$1.282 billion and $80 were available under our ABL facility and accounts receivable securitization facility, respectively, at December 31, 2017. The ABL facility availability is reflected net of $40 of letters of credit. At December 31, 2017, the interest rates applicable to our ABL facility and accounts receivable securitization facility were 3.0 percent and 2.3 percent, respectively.
(2)
In 2017, we redeemed all of our 7 5/8 percent Senior Notes and 6 1/8 percent Senior Notes. Upon redemption, we recognized an aggregate loss of $54 in interest expense, net. The loss represented the difference between the net carrying amount and the total purchase price of the redeemed notes.
(3)
In 2017, URNA issued i) $750 principal amount of 4 5/8 percent Senior Notes due 2025, ii) $250 principal amount of 5 7/8 percent Senior Notes due 2026, as an add-on to our existing 5 7/8 percent Senior Notes due 2026, iii) $250 principal amount of 5 1/2 percent Senior Notes due 2027, as an add-on to our existing 5 1/2 percent Senior Notes due 2027, and iv) $1.675 billion principal amount of 4 7/8 percent Senior Notes due 2028 (comprised of separate and distinct issuances of $925 in August 2017 and $750 in September 2017). As discussed in note 3 to the consolidated financial statements, a portion of the proceeds from the debt issuances was used to partially finance the acquisitions of NES and Neff in April 2017 and October 2017, respectively. Additionally, a portion of the proceeds was used to finance the debt redemptions discussed above. As discussed below, following the issuances of the 4 7/8 percent Senior Notes in August 2017 and September 2017, we consummated an exchange offer pursuant to which approximately $744 of the 4 7/8 percent Senior Notes issued in September 2017 were exchanged for additional notes fungible with the 4 7/8 percent Senior Notes issued in August 2017. See below for additional detail on the issued debt.
Schedule of the maturities of debt
Debt maturities (exclusive of any unamortized original issue premiums and unamortized debt issuance costs) for each of the next five years and thereafter at December 31, 2017 are as follows:
 
2018
$
723

2019
20

2020
11

2021
1,683

2022
1

Thereafter
7,078

Total
$
9,516