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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial information
 
First
Quarter
 
Second
Quarter
 
Third
Quarter 
 
Fourth
Quarter
 
Full
Year
For the year ended December 31, 2017 (1):
 
 
 
 
 
 
 
 
 
Total revenues
$
1,356

 
$
1,597

 
$
1,766

 
$
1,922

 
$
6,641

Gross profit
514

 
655

 
773

 
827

 
2,769

Operating income
257

 
340

 
448

 
462

 
1,507

Net income (1)
109

 
141

 
199

 
897

 
1,346

Earnings per share—basic
1.29

 
1.67

 
2.36

 
10.60

 
15.91

Earnings per share—diluted (3)
1.27

 
1.65

 
2.33

 
10.45

 
15.73

For the year ended December 31, 2016 (2):
 
 
 
 
 
 
 
 
 
Total revenues
$
1,310

 
$
1,421

 
$
1,508

 
$
1,523

 
$
5,762

Gross profit
500

 
590

 
656

 
657

 
2,403

Operating income
254

 
347

 
412

 
402

 
1,415

Net income
92

 
134

 
187

 
153

 
566

Earnings per share—basic
1.01

 
1.52

 
2.18

 
1.82

 
6.49

Earnings per share—diluted (3)
1.01

 
1.52

 
2.16

 
1.80

 
6.45

 
(1)
Net income for the fourth quarter and full year 2017 includes a benefit of $689, or $8.03 and $8.05 per diluted share for the fourth quarter and full year 2017, respectively, associated with the enactment of the Tax Cuts and Jobs Act discussed further in note 13 to our consolidated financial statements. The fourth quarter of 2017 includes $18 of merger related costs and $22 of restructuring charges primarily associated with the NES and Neff acquisitions discussed in note 3 to our consolidated financial statements. Additionally, in the fourth quarter of 2017, we redeemed the remaining $225 principal amount of our 7 5/8 percent Senior Notes due 2022. Upon the redemption of these notes, we recognized a loss of $11 in interest expense, net. The loss represented the difference between the net carrying amount and the total purchase price of the redeemed notes. The fourth quarter of 2017 also reflects a year-over-year increase of $11 in stock compensation expense primarily due to the impact of increased revenue, improved profitability, and increases in our stock price and in the volume of stock awards.
(2)
The fourth quarter of 2016 includes $6 of restructuring charges associated with the restructuring program we initiated in the fourth quarter of 2015 and closed in the fourth quarter of 2016, which is discussed further in note 5 to our consolidated financial statements. Additionally, in the fourth quarter of 2016, we redeemed $850 principal amount of our 7 5/8 percent Senior Notes due 2022 and issued $750 principal amount of 5 1/2 percent Senior Notes due 2027. Upon the partial redemption of the 7 5/8 percent Senior Notes due 2022, we recognized a loss of $65 in interest expense, net. The loss represented the difference between the net carrying amount and the total purchase price of the redeemed notes.
(3)
Diluted earnings per share includes the after-tax impacts of the following:  
 
First
Quarter
 
Second
Quarter
 
Third
Quarter 
 
Fourth
Quarter
 
Full
Year
For the year ended December 31, 2017:
 
 
 
 
 
 
 
 
 
Merger related costs (4)
$
(0.02
)
 
$
(0.09
)
 
$
(0.12
)
 
$
(0.13
)
 
$
(0.36
)
Merger related intangible asset amortization (5)
$
(0.28
)
 
$
(0.30
)
 
$
(0.27
)
 
$
(0.32
)
 
$
(1.15
)
Impact on depreciation related to acquired fleet and property and equipment (6)
—

 
0.03

 
(0.07
)
 
(0.01
)
 
(0.05
)
Impact of the fair value mark-up of acquired fleet (7)
(0.06
)
 
(0.13
)
 
(0.17
)
 
(0.23
)
 
(0.59
)
Restructuring charge (8)
—

 
(0.14
)
 
(0.07
)
 
(0.15
)
 
(0.36
)
Asset impairment charge (9)
—

 
—

 
—

 
—

 
(0.01
)
Loss on extinguishment of debt securities and amendment of ABL facility
—

 
(0.09
)
 
(0.22
)
 
(0.08
)
 
(0.39
)
For the year ended December 31, 2016:
 
 
 
 
 
 
 
 
 
Merger related intangible asset amortization (5)
$
(0.30
)
 
$
(0.28
)
 
$
(0.28
)
 
$
(0.29
)
 
$
(1.12
)
Impact of the fair value mark-up of acquired fleet (7)
(0.06
)
 
(0.06
)
 
(0.05
)
 
(0.06
)
 
(0.25
)
Impact on interest expense related to fair value adjustment of acquired RSC indebtedness (10)
—

 
—

 
—

 
—

 
0.01

Restructuring charge (8)
(0.01
)
 
(0.02
)
 
(0.02
)
 
(0.05
)
 
(0.11
)
Asset impairment charge (9)
(0.02
)
 
—

 
—

 
—

 
(0.03
)
Loss on extinguishment of debt securities and amendment of ABL facility
—

 
(0.18
)
 
(0.07
)
 
(0.47
)
 
(0.70
)

 
(4)
This reflects transaction costs associated with the NES and Neff acquisitions discussed in note 3 to our consolidated financial statements.
(5)
This reflects the amortization of the intangible assets acquired in the RSC, National Pump, NES and Neff acquisitions.
(6)
This reflects the impact of extending the useful lives of equipment acquired in the RSC, NES and Neff acquisitions, net of the impact of additional depreciation associated with the fair value mark-up of such equipment.
(7)
This reflects additional costs recorded in cost of rental equipment sales associated with the fair value mark-up of rental equipment acquired in the RSC, NES and Neff acquisitions and subsequently sold.
(8)
As discussed in note 5 to our consolidated financial statements, this primarily reflects severance costs and branch closure charges associated with our restructuring programs.
(9)
This reflects write-offs of leasehold improvements and other fixed assets in connection with our restructuring programs.
(10)
This reflects a reduction of interest expense associated with the fair value mark-up of debt acquired in the RSC acquisition.
Schedule of after tax impact on diluted earnings per share
Diluted earnings per share includes the after-tax impacts of the following:  
 
First
Quarter
 
Second
Quarter
 
Third
Quarter 
 
Fourth
Quarter
 
Full
Year
For the year ended December 31, 2017:
 
 
 
 
 
 
 
 
 
Merger related costs (4)
$
(0.02
)
 
$
(0.09
)
 
$
(0.12
)
 
$
(0.13
)
 
$
(0.36
)
Merger related intangible asset amortization (5)
$
(0.28
)
 
$
(0.30
)
 
$
(0.27
)
 
$
(0.32
)
 
$
(1.15
)
Impact on depreciation related to acquired fleet and property and equipment (6)
—

 
0.03

 
(0.07
)
 
(0.01
)
 
(0.05
)
Impact of the fair value mark-up of acquired fleet (7)
(0.06
)
 
(0.13
)
 
(0.17
)
 
(0.23
)
 
(0.59
)
Restructuring charge (8)
—

 
(0.14
)
 
(0.07
)
 
(0.15
)
 
(0.36
)
Asset impairment charge (9)
—

 
—

 
—

 
—

 
(0.01
)
Loss on extinguishment of debt securities and amendment of ABL facility
—

 
(0.09
)
 
(0.22
)
 
(0.08
)
 
(0.39
)
For the year ended December 31, 2016:
 
 
 
 
 
 
 
 
 
Merger related intangible asset amortization (5)
$
(0.30
)
 
$
(0.28
)
 
$
(0.28
)
 
$
(0.29
)
 
$
(1.12
)
Impact of the fair value mark-up of acquired fleet (7)
(0.06
)
 
(0.06
)
 
(0.05
)
 
(0.06
)
 
(0.25
)
Impact on interest expense related to fair value adjustment of acquired RSC indebtedness (10)
—

 
—

 
—

 
—

 
0.01

Restructuring charge (8)
(0.01
)
 
(0.02
)
 
(0.02
)
 
(0.05
)
 
(0.11
)
Asset impairment charge (9)
(0.02
)
 
—

 
—

 
—

 
(0.03
)
Loss on extinguishment of debt securities and amendment of ABL facility
—

 
(0.18
)
 
(0.07
)
 
(0.47
)
 
(0.70
)

 
(4)
This reflects transaction costs associated with the NES and Neff acquisitions discussed in note 3 to our consolidated financial statements.
(5)
This reflects the amortization of the intangible assets acquired in the RSC, National Pump, NES and Neff acquisitions.
(6)
This reflects the impact of extending the useful lives of equipment acquired in the RSC, NES and Neff acquisitions, net of the impact of additional depreciation associated with the fair value mark-up of such equipment.
(7)
This reflects additional costs recorded in cost of rental equipment sales associated with the fair value mark-up of rental equipment acquired in the RSC, NES and Neff acquisitions and subsequently sold.
(8)
As discussed in note 5 to our consolidated financial statements, this primarily reflects severance costs and branch closure charges associated with our restructuring programs.
(9)
This reflects write-offs of leasehold improvements and other fixed assets in connection with our restructuring programs.
(10)
This reflects a reduction of interest expense associated with the fair value mark-up of debt acquired in the RSC acquisition.