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Revisions of Prior Period Financial Statements (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Changes and Error Corrections [Abstract]  
REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS
The effects of this revision on the individual line items within our Consolidated Statements of Cash Flows were as follows (in millions):
 
Year ended December 31, 2014
 
Year ended December 31, 2013
 
As Previously Reported
Adjustment
As Revised
 
As Previously Reported
Adjustment
As Revised
Net earnings
$
218.6

(0.3
)
218.3

 
$
237.8

0.1

237.9

Depreciation expense
1,040.3

17.6

1,057.8

 
957.1

26.5

983.6

Accrued expenses and other non-current liabilities
(48.7
)
(4.4
)
(53.1
)
 
(66.6
)
2.2

(64.4
)
Net cash provided by operating activities from continuing operations
1,370.0

12.8

1,382.8

 
1,223.1

28.7

1,251.8

Debt proceeds
839.7

125.8

965.5

 
557.0


557.0

Debt repaid, including capital lease obligations
(280.7
)
(12.8
)
(293.5
)
 
(332.6
)
(46.6
)
(379.2
)
Net cash provided by financing activities from continuing operations
198.7

113.0

311.7

 
393.6

(46.5
)
347.1

Purchases of property and revenue earning equipment
(2,259.2
)

(2,259.2
)
 
(2,140.5
)
17.9

(2,122.6
)
Sale and leaseback of revenue earning equipment
125.8

(125.8
)

 



Net cash used in investing activities from continuing operations
(1,578.7
)
(125.8
)
(1,704.5
)
 
(1,621.7
)
17.9

(1,603.8
)
The effects of this revision on our Consolidated Statements of Earnings were as follows (in millions except per share amounts):
 
Year ended December 31, 2014
 
Year ended December 31, 2013
 
As Previously Reported
Adjustment
As Revised
 
As Previously Reported
Adjustment
As Revised
Cost of lease and rental (1)
$
2,039.3

(2.4
)
2,036.9

 
$
1,928.9

(3.4
)
1,925.5

Interest expense
142.1

2.6

144.7

 
137.2

3.3

140.5

Earnings from continuing operations before income taxes
338.5

(0.2
)
338.3

 
368.9

0.1

369.0

Provision for income taxes
118.1

(0.1
)
118.0

 
125.7


125.7

Earnings from continuing operations
220.5

(0.3
)
220.2

 
243.2

0.1

243.3

Net earnings
218.6

(0.3
)
218.3

 
237.8

0.1

237.9


(1) Includes revised rent expense disclosed in Note 15, "Leases."
The effects of this revision on our Consolidated Statements of Comprehensive Income were as follows (in millions):
 
Comprehensive Income
 
As Previously Reported
Adjustment
As Revised
Year ended December 31, 2014
$
36.6

(0.2
)
36.3

Year ended December 31, 2013
387.2

0.1

387.2

The effects of this revision on our Consolidated Balance Sheet as of December 31, 2014 were as follows (in millions):
 
As Previously Reported
Adjustment
As Revised
Revenue earning equipment, net
$
6,994.4

207.5

7,201.9

Total assets (1)
9,676.0

174.9

9,850.9

Short-term debt and current portion of long-term debt
12.2

24.1

36.3

Accrued expenses and other current liabilities
520.5

(6.8
)
513.7

Total current liabilities
1,093.6

17.2

1,110.8

Long-term debt
4,500.3

194.0

4,694.3

Other non-current liabilities
786.7

(3.4
)
783.3

Deferred income taxes (1)
1,476.0

(32.7
)
1,443.3

Total liabilities (1)
7,856.5

175.3

8,031.8

Retained earnings
1,450.9

(0.4
)
1,450.5

Total shareholders’ equity
1,819.5

(0.4
)
1,819.1

Total liabilities and shareholders’ equity (1)
9,676.0

174.9

9,850.9


_______________ 
(1) Adjustment includes reclassification of current deferred tax assets to non-current as discussed in Note 2, "Recent Accounting Pronouncements."