Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

The condensed consolidating financial information of Parent and its subsidiaries is as follows:

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2019



									Non-Guarantor Subsidiaries
	Parent		URNA			Guarantor Subsidiaries			Foreign			SPV		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	28		$	—		$	24		$	—	$	—		$	52
Accounts receivable, net	—		—			—			171			1,359		—			1,530
Intercompany receivable (payable)	2,255		(2,130		)	(112		)	(14		)	1		—			—
Inventory	—		108			—			12			—		—			120
Prepaid expenses and other assets	—		124			—			16			—		—			140
Total current assets	2,255		(1,870		)	(112		)	209			1,360		—			1,842
Rental equipment, net	—		8,995			—			792			—		—			9,787
Property and equipment, net	76		400			78			50			—		—			604
Investments in subsidiaries	1,509		1,636			1,069			—			—		(4,214		)	—
Goodwill	—		4,759			—			395			—		—			5,154
Other intangible assets, net	—		833			—			62			—		—			895
Operating lease right-of-use assets	—		194			403			72			—		—			669
Other long-term assets	12		7			—			—			—		—			19
Total assets	$	3,852	$	14,954		$	1,438		$	1,580		$	1,360	$	(4,214	)	$	18,970
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	—	$	66		$	—		$	2		$	929	$	—		$	997
Accounts payable	—		395			—			59			—		—			454
Accrued expenses and other liabilities	—		572			118			55			2		—			747
Total current liabilities	—		1,033			118			116			931		—			2,198
Long-term debt	—		10,402			7			22			—		—			10,431
Deferred taxes	22		1,768			—			97			—		—			1,887
Operating lease liabilities	—		151			323			59			—		—			533
Other long-term liabilities	—		91			—			—			—		—			91
Total liabilities	22		13,445			448			294			931		—			15,140
Total stockholders’ equity (deficit)	3,830		1,509			990			1,286			429		(4,214		)	3,830
Total liabilities and stockholders’ equity (deficit)	$	3,852	$	14,954		$	1,438		$	1,580		$	1,360	$	(4,214	)	$	18,970

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2018



									Non-Guarantor Subsidiaries
	Parent		URNA			Guarantor Subsidiaries			Foreign			SPV		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	1		$	—		$	42		$	—	$	—		$	43
Accounts receivable, net	—		—			—			159			1,386		—			1,545
Intercompany receivable (payable)	1,534		(1,423		)	(96		)	(15		)	—		—			—
Inventory	—		96			—			13			—		—			109
Prepaid expenses and other assets	—		60			—			4			—		—			64
Total current assets	1,534		(1,266		)	(96		)	203			1,386		—			1,761
Rental equipment, net	—		8,910			—			690			—		—			9,600
Property and equipment, net	57		462			40			55			—		—			614
Investments in subsidiaries	1,826		1,646			980			—			—		(4,452		)	—
Goodwill	—		4,661			—			397			—		—			5,058
Other intangible assets, net	—		1,004			—			80			—		—			1,084
Other long-term assets	9		7			—			—			—		—			16
Total assets	$	3,426	$	15,424		$	924		$	1,425		$	1,386	$	(4,452	)	$	18,133
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt	$	1	$	50		$	—		$	2		$	850	$	—		$	903
Accounts payable	—		481			—			55			—		—			536
Accrued expenses and other liabilities	—		619			14			42			2		—			677
Total current liabilities	1		1,150			14			99			852		—			2,116
Long-term debt	—		10,778			9			57			—		—			10,844
Deferred taxes	22		1,587			—			78			—		—			1,687
Other long-term liabilities	—		83			—			—			—		—			83
Total liabilities	23		13,598			23			234			852		—			14,730
Total stockholders’ equity (deficit)	3,403		1,826			901			1,191			534		(4,452		)	3,403
Total liabilities and stockholders’ equity (deficit)	$	3,426	$	15,424		$	924		$	1,425		$	1,386	$	(4,452	)	$	18,133

Condensed Consolidating Statements of Income

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

For the Year Ended December 31, 2019



								Non-Guarantor Subsidiaries
	Parent			URNA		Guarantor Subsidiaries		Foreign			SPV			Eliminations			Total
Revenues:
Equipment rentals	$	—		$	7,282	$	—	$	681		$	1		$	—		$	7,964
Sales of rental equipment	—			757		—		74			—			—			831
Sales of new equipment	—			238		—		30			—			—			268
Contractor supplies sales	—			92		—		12			—			—			104
Service and other revenues	—			164		—		20			—			—			184
Total revenues	—			8,533		—		817			1			—			9,351
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			2,807		—		319			—			—			3,126
Depreciation of rental equipment	—			1,490		—		141			—			—			1,631
Cost of rental equipment sales	—			477		—		41			—			—			518
Cost of new equipment sales	—			205		—		26			—			—			231
Cost of contractor supplies sales	—			65		—		8			—			—			73
Cost of service and other revenues	—			92		—		10			—			—			102
Total cost of revenues	—			5,136		—		545			—			—			5,681
Gross profit	—			3,397		—		272			1			—			3,670
Selling, general and administrative expenses	92			840		—		116			44			—			1,092
Merger related costs	—			1		—		—			—			—			1
Restructuring charge	—			19		—		(1		)	—			—			18
Non-rental depreciation and amortization	19			354		—		34			—			—			407
Operating (loss) income	(111		)	2,183		—		123			(43		)	—			2,152
Interest (income) expense, net	(68		)	686		—		—			30			—			648
Other (income) expense, net	(763		)	866		—		61			(174		)	—			(10		)
Income before provision for income taxes	720			631		—		62			101			—			1,514
Provision for income taxes	167			139		—		9			25			—			340
Income before equity in net earnings (loss) of subsidiaries	553			492		—		53			76			—			1,174
Equity in net earnings (loss) of subsidiaries	621			129		38		—			—			(788		)	—
Net income (loss)	1,174			621		38		53			76			(788		)	1,174
Other comprehensive income (loss)	51			51		50		48			—			(149		)	51
Comprehensive income (loss)	$	1,225		$	672	$	88	$	101		$	76		$	(937	)	$	1,225

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

For the Year Ended December 31, 2018



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations			Total
Revenues:
Equipment rentals	$	—		$	6,388		$	—		$	552		$	—		$	—		$	6,940
Sales of rental equipment	—			609			—			55			—			—			664
Sales of new equipment	—			184			—			24			—			—			208
Contractor supplies sales	—			80			—			11			—			—			91
Service and other revenues	—			126			—			18			—			—			144
Total revenues	—			7,387			—			660			—			—			8,047
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			2,370			—			244			—			—			2,614
Depreciation of rental equipment	—			1,258			—			105			—			—			1,363
Cost of rental equipment sales	—			358			—			28			—			—			386
Cost of new equipment sales	—			159			—			20			—			—			179
Cost of contractor supplies sales	—			52			—			8			—			—			60
Cost of service and other revenues	—			71			—			10			—			—			81
Total cost of revenues	—			4,268			—			415			—			—			4,683
Gross profit	—			3,119			—			245			—			—			3,364
Selling, general and administrative expenses	25			860			—			96			57			—			1,038
Merger related costs	—			36			—			—			—			—			36
Restructuring charge	—			29			—			2			—			—			31
Non-rental depreciation and amortization	17			266			—			25			—			—			308
Operating (loss) income	(42		)	1,928			—			122			(57		)	—			1,951
Interest (income) expense, net	(39		)	497			—			—			24			(1		)	481
Other (income) expense, net	(657		)	742			—			51			(142		)	—			(6		)
Income before provision for income taxes	654			689			—			71			61			1			1,476
Provision for income taxes	164			181			—			20			15			—			380
Income before equity in net earnings (loss) of subsidiaries	490			508			—			51			46			1			1,096
Equity in net earnings (loss) of subsidiaries	606			98			47			—			—			(751		)	—
Net income (loss)	1,096			606			47			51			46			(750		)	1,096
Other comprehensive (loss) income	(86		)	(86		)	(82		)	(105		)	—			273			(86		)
Comprehensive income (loss)	$	1,010		$	520		$	(35	)	$	(54	)	$	46		$	(477	)	$	1,010

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

For the Year Ended December 31, 2017



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign		SPV			Eliminations			Total
Revenues:
Equipment rentals	$	—		$	5,253		$	—		$	462	$	—		$	—		$	5,715
Sales of rental equipment	—			494			—			56		—			—			550
Sales of new equipment	—			157			—			21		—			—			178
Contractor supplies sales	—			70			—			10		—			—			80
Service and other revenues	—			102			—			16		—			—			118
Total revenues	—			6,076			—			565		—			—			6,641
Cost of revenues:
Cost of equipment rentals, excluding depreciation	—			1,933			—			218		—			—			2,151
Depreciation of rental equipment	—			1,033			—			91		—			—			1,124
Cost of rental equipment sales	—			302			—			28		—			—			330
Cost of new equipment sales	—			134			—			18		—			—			152
Cost of contractor supplies sales	—			49			—			7		—			—			56
Cost of service and other revenues	—			51			—			8		—			—			59
Total cost of revenues	—			3,502			—			370		—			—			3,872
Gross profit	—			2,574			—			195		—			—			2,769
Selling, general and administrative expenses	103			682			—			80		38			—			903
Merger related costs	—			50			—			—		—			—			50
Restructuring charge	—			49			—			1		—			—			50
Non-rental depreciation and amortization	15			223			—			21		—			—			259
Operating (loss) income	(118		)	1,570			—			93		(38		)	—			1,507
Interest (income) expense, net	(15		)	469			3			—		12			(5		)	464
Other (income) expense, net	(543		)	596			—			45		(103		)	—			(5		)
Income (loss) before provision (benefit) for income taxes	440			505			(3		)	48		53			5			1,048
Provision (benefit) for income taxes	144			(469		)	—			12		15			—			(298		)
Income (loss) before equity in net earnings (loss) of subsidiaries	296			974			(3		)	36		38			5			1,346
Equity in net earnings (loss) of subsidiaries	1,050			76			36			—		—			(1,162		)	—
Net income (loss)	1,346			1,050			33			36		38			(1,157		)	1,346
Other comprehensive income (loss)	67			67			67			55		—			(189		)	67
Comprehensive income (loss)	$	1,413		$	1,117		$	100		$	91	$	38		$	(1,346	)	$	1,413

Condensed Consolidating Cash Flow Information

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Year Ended December 31, 2019



									Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries		Foreign			SPV			Eliminations		Total
Net cash provided by operating activities	$	34		$	2,720		$	—	$	167		$	103		$	—	$	3,024
Net cash used in investing activities	(34		)	(1,529		)	—		(147		)	—			—		(1,710		)
Net cash used in financing activities	—			(1,164		)	—		(38		)	(103		)	—		(1,305		)
Effect of foreign exchange rates	—			—			—		—			—			—		—
Net increase (decrease) in cash and cash equivalents	—			27			—		(18		)	—			—		9
Cash and cash equivalents at beginning of period	—			1			—		42			—			—		43
Cash and cash equivalents at end of period	$	—		$	28		$	—	$	24		$	—		$	—	$	52

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Year Ended December 31, 2018



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations		Total
Net cash provided by (used in) operating activities	$	36		$	3,116		$	(1	)	$	(16	)	$	(282	)	$	—	$	2,853
Net cash used in investing activities	(36		)	(4,308		)	—			(207		)	—			—		(4,551		)
Net cash provided by (used in) financing activities	—			1,170			1			(56		)	282			—		1,397
Effect of foreign exchange rates	—			—			—			(8		)	—			—		(8		)
Net decrease in cash and cash equivalents	—			(22		)	—			(287		)	—			—		(309		)
Cash and cash equivalents at beginning of period	—			23			—			329			—			—		352
Cash and cash equivalents at end of period	$	—		$	1		$	—		$	42		$	—		$	—	$	43

CONDENSED CONSOLIDATING CASH FLOW INFORMATION

For the Year Ended December 31, 2017



										Non-Guarantor Subsidiaries
	Parent			URNA			Guarantor Subsidiaries			Foreign			SPV			Eliminations		Total
Net cash provided by (used in) operating activities	$	21		$	2,291		$	(3	)	$	132		$	(232	)	$	—	$	2,209
Net cash used in investing activities	(21		)	(3,554		)	—			(109		)	—			—		(3,684		)
Net cash provided by (used in) financing activities	—			1,265			3			(3		)	232			—		1,497
Effect of foreign exchange rate	—			—			—			18			—			—		18
Net increase in cash and cash equivalents	—			2			—			38			—			—		40
Cash and cash equivalents at beginning of period	—			21			—			291			—			—		312
Cash and cash equivalents at end of period	$	—		$	23		$	—		$	329		$	—		$	—	$	352