Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

The following tables set forth financial information by segment.


	General rentals		Specialty		Total


















Three Months Ended March 31, 2024
Equipment rentals	$	2,070	$	859	$	2,929
Sales of rental equipment	346		37		383
Sales of new equipment	29		19		48
Contractor supplies sales	20		16		36
Service and other revenues	81		8		89
Total revenue	2,546		939		3,485
Depreciation and amortization expense	574		112		686
Equipment rentals gross profit	681		422		1,103
Capital expenditures (1)	506		147		653
Three Months Ended March 31, 2023
Equipment rentals	$	2,018	$	722	$	2,740
Sales of rental equipment	350		38		388
Sales of new equipment	18		26		44
Contractor supplies sales	21		13		34
Service and other revenues	72		7		79
Total revenue	2,479		806		3,285
Depreciation and amortization expense	577		116		693
Equipment rentals gross profit	663		340		1,003
Capital expenditures (1)	683		187		870

___________________

(1)The condensed consolidated statements of cash flows include the payments for capital expenditures, while the table above reflects the gross capital expenditures. Accounts payable as of March 31, 2024 and December 31, 2023 included $158 and

$74, respectively, of amounts due but unpaid for purchases of rental equipment. The net impact of accrued purchases of rental equipment was not material for the three months ended March 31, 2023.


	March 31, 2024		December 31, 2023
Total reportable segment assets
General rentals	$	20,203	$	20,411
Specialty (1)	6,455		5,178
Total assets	$	26,658	$	25,589

___________________

(1)The increase in the specialty segment assets primarily reflects the impact of the Yak acquisition discussed in note 3 to the condensed consolidated financial statements.

Reconciliation to equipment rentals gross profit

The following is a reconciliation of equipment rentals gross profit to income before provision for income taxes:


	Three Months Ended
	March 31,
		2024		2023
Total equipment rentals gross profit		$	1,103	$	1,003
Gross profit from other lines of business		243		238
Selling, general and administrative expenses		(389)		(382)

Restructuring charge (1)		(1)		(1)
Non-rental depreciation and amortization		(104)		(118)
Interest expense, net		(160)		(150)

Other income, net		3		4
Income before provision for income taxes		$	695	$	594

___________________

(1)Primarily reflects severance and branch closure charges associated with our restructuring programs. The restructuring charges generally involve the closure of a large number of branches over a short period of time, often in periods following a major acquisition. As of March 31, 2024, there were no open restructuring programs.