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Revisions of Prior Period Financial Statements (Tables) | 12 Months Ended
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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."

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- Definition Tabular disclosure of the nature and amount of prior period errors that had previously been considered immaterial and which are being corrected in the current fiscal year. This disclosure would also generally include when and how each error being corrected arose and assert that the errors were immaterial to the prior amounts reported. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 1.N.Q3) -URI http://asc.fasb.org/extlink&oid=26874127&loc=d3e30840-122693 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 1 -Section N + Details
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