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Condensed Consolidating Financial Information of Guarantor Subsidiaries
 9 Months Ended
Sep. 30, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Consolidating Financial Information of Guarantor Subsidiaries Condensed Consolidating Financial Information of Guarantor Subsidiaries
URNA is 100 percent owned by Holdings (“Parent”) and has certain outstanding indebtedness that is guaranteed by both Parent and, with the exception of its U.S. special purpose vehicle which holds receivable assets relating to the Company’s accounts receivable securitization facility (the “SPV”), all of URNA’s U.S. subsidiaries (the “guarantor subsidiaries”). Other than the guarantee by certain Canadian subsidiaries of URNA's indebtedness under the ABL facility, none of URNA’s indebtedness is guaranteed by URNA's foreign subsidiaries or the SPV (together, the “non-guarantor subsidiaries”). The receivable assets owned by the SPV have been sold or contributed by URNA to the SPV and are not available to satisfy the obligations of URNA or Parent’s other subsidiaries. The guarantor subsidiaries are all 100 percent-owned and the guarantees are made on a joint and several basis. The guarantees are not full and unconditional because a guarantor subsidiary can be automatically released and relieved of its obligations under certain circumstances, including sale of the guarantor subsidiary, the sale of all or substantially all of the guarantor subsidiary's assets, the requirements for legal defeasance or covenant defeasance under the applicable indenture being met, designating the guarantor subsidiary as an unrestricted subsidiary for purposes of the applicable covenants or the notes being rated investment grade by both Standard & Poor’s Ratings Services and Moody’s Investors Service, Inc., or, in certain circumstances, another rating agency selected by URNA. The guarantees are also subject to subordination provisions (to the same extent that the obligations of the issuer under the relevant notes are subordinated to other debt of the issuer) and to a standard limitation which provides that the maximum amount guaranteed by each guarantor will not exceed the maximum amount that can be guaranteed without making the guarantee void under fraudulent conveyance laws. Based on our understanding of Rule 3-10 of Regulation S-X ("Rule 3-10"), we believe that the guarantees of the guarantor subsidiaries comply with the conditions set forth in Rule 3-10 and therefore continue to utilize Rule 3-10 to present condensed consolidating financial information for Holdings, URNA, the guarantor subsidiaries and the non-guarantor subsidiaries. Separate consolidated financial statements of the guarantor subsidiaries have not been presented because management believes that such information would not be material to investors. However, condensed consolidating financial information is presented.
Covenants in the ABL, accounts receivable securitization and term loan facilities, and the other agreements governing our debt, impose operating and financial restrictions on URNA, Parent and the guarantor subsidiaries, including limitations on the ability to make share repurchases and dividend payments. As of September 30, 2020, the amount available for distribution under the most restrictive of these covenants was $915. The Company’s total available capacity for making share repurchases and dividend payments includes the intercompany receivable balance of Parent. As of September 30, 2020, our total available capacity for making share repurchases and dividend payments, which includes URNA’s capacity to make restricted payments and the intercompany receivable balance of Parent, was $3.774 billion.
The condensed consolidating financial information of Parent and its subsidiaries is as follows:
CONDENSED CONSOLIDATING BALANCE SHEET
September 30, 2020  
 ParentURNAGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsTotal
 ForeignSPV
ASSETS
Cash and cash equivalents$— $26 $— $148 $— $— $174 
Accounts receivable, net— — — 140 1,184 — 1,324 
Intercompany receivable (payable)2,859 (2,774)(89)3 1 — — 
Inventory— 97 — 11 — — 108 
Prepaid expenses and other assets— 121 — 1 — — 122 
Total current assets2,859 (2,530)(89)303 1,185 — 1,728 
Rental equipment, net— 8,312 — 729 — — 9,041 
Property and equipment, net104 393 55 46 — — 598 
Investments in subsidiaries1,206 1,776 1,076 — — (4,058)— 
Goodwill— 4,757 — 390 — — 5,147 
Other intangible assets, net— 655 — 46 — — 701 
Operating lease right-of-use assets— 183 413 67 — — 663 
Other long-term assets13 16 — 1 — — 30 
Total assets$4,182 $13,562 $1,455 $1,582 $1,185 $(4,058)$17,908 
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Short-term debt and current maturities of long-term debt$— $63 $— $3 $634 $— $700 
Accounts payable— 483 — 58 — — 541 
Accrued expenses and other liabilities— 502 124 49 — — 675 
Total current liabilities— 1,048 124 110 634 — 1,916 
Long-term debt— 9,332 6 13 — — 9,351 
Deferred taxes21 1,697 — 100 — — 1,818 
Operating lease liabilities— 141 328 55 — — 524 
Other long-term liabilities— 138 — — — — 138 
Total liabilities21 12,356 458 278 634 — 13,747 
Total stockholders’ equity (deficit)4,161 1,206 997 1,304 551 (4,058)4,161 
Total liabilities and stockholders’ equity (deficit)$4,182 $13,562 $1,455 $1,582 $1,185 $(4,058)$17,908 
CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2019
 
 ParentURNAGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsTotal
 ForeignSPV
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 assets2,255 (1,870)(112)209 1,360 — 1,842 
Rental equipment, net— 8,995 — 792 — — 9,787 
Property and equipment, net76 400 78 50 — — 604 
Investments in subsidiaries1,509 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 assets12 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 taxes22 1,768 — 97 — — 1,887 
Operating lease liabilities— 151 323 59 — — 533 
Other long-term liabilities— 91 — — — — 91 
Total liabilities22 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)$18,970 
CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME
For the Three Months Ended September 30, 2020
 ParentURNAGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsTotal
ForeignSPV
Revenues:
Equipment rentals$— $1,705 $— $156 $— $— $1,861 
Sales of rental equipment— 181 — 18 — — 199 
Sales of new equipment— 47 — 7 — — 54 
Contractor supplies sales— 22 — 3 — — 25 
Service and other revenues— 42 — 6 — — 48 
Total revenues— 1,997 — 190 — — 2,187 
Cost of revenues:
Cost of equipment rentals, excluding depreciation— 641 — 48 — — 689 
Depreciation of rental equipment— 363 — 32 — — 395 
Cost of rental equipment sales— 114 — 9 — — 123 
Cost of new equipment sales— 41 — 6 — — 47 
Cost of contractor supplies sales— 16 — 2 — — 18 
Cost of service and other revenues— 25 — 4 — — 29 
Total cost of revenues— 1,200 — 101 — — 1,301 
Gross profit— 797 — 89 — — 886 
Selling, general and administrative expenses(9)205 — 23 11 2 232 
Restructuring charge— 6 — — — — 6 
Non-rental depreciation and amortization9 81 — 7 — — 97 
Operating income (loss)— 505 — 59 (11)(2)551 
Interest (income) expense, net(10)285 — — 3 — 278 
Other (income) expense, net(178)205 — 13 (40)(2)(2)
Income before provision (benefit) for income taxes188 15 — 46 26 — 275 
Provision (benefit) for income taxes51 (4)— 13 7 — 67 
Income before equity in net earnings (loss) of subsidiaries137 19 — 33 19 — 208 
Equity in net earnings (loss) of subsidiaries71 52 30 — — (153)— 
Net income (loss)208 71 30 33 19 (153)208 
Other comprehensive income (loss)33 33 23 33 — (89)33 
Comprehensive income (loss)$241 $104 $53 $66 $19 $(242)$241 
CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME
For the Three Months Ended September 30, 2019
 ParentURNAGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsTotal
 ForeignSPV
Revenues:
Equipment rentals$— $1,971 $— $176 $— $— $2,147 
Sales of rental equipment— 181 — 17 — — 198 
Sales of new equipment— 60 — 7 — — 67 
Contractor supplies sales— 24 — 3 — — 27 
Service and other revenues— 46 — 3 — — 49 
Total revenues— 2,282 — 206 — — 2,488 
Cost of revenues:
Cost of equipment rentals, excluding depreciation— 737 — 76 — — 813 
Depreciation of rental equipment— 378 — 39 — — 417 
Cost of rental equipment sales— 113 — 9 — — 122 
Cost of new equipment sales— 52 — 6 — — 58 
Cost of contractor supplies sales— 16 — 2 — — 18 
Cost of service and other revenues— 26 — 1 — — 27 
Total cost of revenues— 1,322 — 133 — — 1,455 
Gross profit— 960 — 73 — — 1,033 
Selling, general and administrative expenses(7)251 — 25 4 — 273 
Restructuring charge— 2 — — — — 2 
Non-rental depreciation and amortization4 89 — 9 — — 102 
Operating income (loss)3 618 — 39 (4)— 656 
Interest (income) expense, net(18)158 — — 7 — 147 
Other (income) expense, net(201)230 — 15 (45)— (1)
Income before provision for income taxes222 230 — 24 34 — 510 
Provision for income taxes56 48 — 6 9 — 119 
Income before equity in net earnings (loss) of subsidiaries166 182 — 18 25 — 391 
Equity in net earnings (loss) of subsidiaries225 43 12 — — (280)— 
Net income (loss)391 225 12 18 25 (280)391 
Other comprehensive (loss) income (23)(23)(12)(21)— 56 (23)
Comprehensive income (loss)$368 $202 $— $(3)$25 $(224)$368 
 
CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME
For the Nine Months Ended September 30, 2020
 ParentURNAGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsTotal
ForeignSPV
Revenues:
Equipment rentals$— $4,856 $— $429 $1 $— $5,286 
Sales of rental equipment— 531 — 52 — — 583 
Sales of new equipment— 148 — 21 — — 169 
Contractor supplies sales— 64 — 9 — — 73 
Service and other revenues— 125 — 15 — — 140 
Total revenues— 5,724 — 526 1 — 6,251 
Cost of revenues:
Cost of equipment rentals, excluding depreciation— 1,907 — 175 1 — 2,083 
Depreciation of rental equipment— 1,119 — 97 — — 1,216 
Cost of rental equipment sales— 327 — 26 — — 353 
Cost of new equipment sales— 129 — 18 — — 147 
Cost of contractor supplies sales— 46 — 6 — — 52 
Cost of service and other revenues— 77 — 9 — — 86 
Total cost of revenues— 3,605 — 331 1 — 3,937 
Gross profit— 2,119 — 195 — — 2,314 
Selling, general and administrative expenses(3)620 — 73 34 (3)721 
Restructuring charge— 11 — — — — 11 
Non-rental depreciation and amortization20 249 — 23 — — 292 
Operating (loss) income(17)1,239 — 99 (34)3 1,290 
Interest (income) expense, net(37)570 — — 11 — 544 
Other (income) expense, net(508)581 — 39 (121)3 (6)
Income before provision (benefit) for income taxes528 88 — 60 76 — 752 
Provision (benefit) for income taxes131 (7)— 16 19 — 159 
Income before equity in net earnings (loss) of subsidiaries397 95 — 44 57 — 593 
Equity in net earnings (loss) of subsidiaries196 101 39 — — (336)— 
Net income (loss)593 196 39 44 57 (336)593 
Other comprehensive (loss) income (28)(28)(32)(26)— 86 (28)
Comprehensive income (loss)$565 $168 $7 $18 $57 $(250)$565 
CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME
For the Nine Months Ended September 30, 2019
 ParentURNAGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsTotal
 ForeignSPV
Revenues:
Equipment rentals$— $5,407 $— $494 $1 $— $5,902 
Sales of rental equipment— 535 — 52 — — 587 
Sales of new equipment— 166 — 23 — — 189 
Contractor supplies sales— 70 — 8 — — 78 
Service and other revenues— 124 — 15 — — 139 
Total revenues— 6,302 — 592 1 — 6,895 
Cost of revenues:
Cost of equipment rentals, excluding depreciation— 2,086 — 237 1 — 2,324 
Depreciation of rental equipment— 1,109 — 102 — — 1,211 
Cost of rental equipment sales— 334 — 29 — — 363 
Cost of new equipment sales— 143 — 20 — — 163 
Cost of contractor supplies sales— 49 — 5 — — 54 
Cost of service and other revenues— 67 — 8 — — 75 
Total cost of revenues— 3,788 — 401 1 — 4,190 
Gross profit— 2,514 — 191 — — 2,705 
Selling, general and administrative expenses14 693 — 84 33 — 824 
Merger related costs— 1 — — — — 1 
Restructuring charge— 17 — (1)— — 16 
Non-rental depreciation and amortization14 271 — 26 — — 311 
Operating (loss) income(28)1,532 — 82 (33)— 1,553 
Interest (income) expense, net(51)506 — — 23 — 478 
Other (income) expense, net(560)640 — 44 (130)— (6)
Income before provision for income taxes583 386 — 38 74 — 1,081 
Provision for income taxes132 90 — 4 19 — 245 
Income before equity in net earnings (loss) of subsidiaries451 296 — 34 55 — 836 
Equity in net earnings (loss) of subsidiaries385 89 24 — — (498)— 
Net income (loss)836 385 24 34 55 (498)836 
Other comprehensive income (loss)20 20 30 20 — (70)20 
Comprehensive income (loss)$856 $405 $54 $54 $55 $(568)$856 
CONDENSED CONSOLIDATING CASH FLOW INFORMATION
For the Nine Months Ended September 30, 2020
 
 ParentURNAGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsTotal
ForeignSPV
Net cash provided by operating activities$41 $1,871 $— $146 $230 $— $2,288 
Net cash used in investing activities(41)(235)— (10)— — (286)
Net cash used in financing activities— (1,638)— (13)(230)— (1,881)
Effect of foreign exchange rates— — — 1 — — 1 
Net (decrease) increase in cash and cash equivalents— (2)— 124 — — 122 
Cash and cash equivalents at beginning of period— 28 — 24 — — 52 
Cash and cash equivalents at end of period$— $26 $— $148 $— $— $174 
CONDENSED CONSOLIDATING CASH FLOW INFORMATION
For the Nine Months Ended September 30, 2019
 
 ParentURNAGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsTotal
 ForeignSPV
Net cash provided by operating activities$21 $2,403 $— $151 $7 $— $2,582 
Net cash used in investing activities(21)(1,592)— (136)— — (1,749)
Net cash used in financing activities— (777)— (32)(7)— (816)
Effect of foreign exchange rates— — — — — — — 
Net increase (decrease) in cash and cash equivalents— 34 — (17)— — 17 
Cash and cash equivalents at beginning of period— 1 — 42 — — 43 
Cash and cash equivalents at end of period$— $35 $— $25 $— $— $60