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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 329.9 $ 224.1 $ 73.7
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of rental equipment 535.9 420.7 403.9
Depreciation of property and equipment 63.5 55.6 54.5
Amortization of intangible assets 31.4 12.4 8.0
Amortization of deferred debt and financing obligations costs 3.3 3.2 3.4
Stock-based compensation charges 27.1 23.3 16.4
Impairment 3.5 3.2 15.4
Provision for receivables allowance 52.3 28.9 31.4
Deferred taxes 83.8 53.4 11.9
Loss (gain) on sale of rental equipment (36.9) (19.8) 5.1
Other 2.8 1.9 4.7
Changes in assets and liabilities:      
Receivables (171.9) (92.7) (24.6)
Other assets (15.7) (9.4) (7.9)
Accounts payable (22.4) 22.9 (6.4)
Accrued liabilities and other long-term liabilities 30.1 16.3 21.4
Net cash provided by operating activities 916.7 744.0 610.9
Cash flows from investing activities:      
Rental equipment expenditures (1,168.5) (593.8) (344.1)
Proceeds from disposal of rental equipment 121.1 106.9 192.5
Non-rental capital expenditures (103.7) (48.0) (41.4)
Proceeds from disposal of property and equipment 7.5 4.6 6.6
Acquisitions, net of cash acquired (515.2) (431.0) (45.6)
Proceeds from disposal of business 0.0 0.0 24.5
Other investing activities (23.0) 0.0 0.0
Net cash used in investing activities (1,681.8) (961.3) (207.5)
Cash flows from financing activities:      
Proceeds from revolving lines of credit and securitization 2,617.8 1,131.6 528.0
Repayments on revolving lines of credit and securitization (1,616.2) (880.0) (924.7)
Principal payments under finance lease and financing obligations (14.9) (12.9) (13.9)
Payment of debt financing costs (7.6) (0.1) (0.3)
Dividends paid (68.1) (14.8) 0.0
Net settlement on vesting of equity awards (15.5) (9.0) (3.0)
Proceeds from employee stock purchase plan 3.6 2.6 2.3
Proceeds from exercise of stock options 0.2 2.2 5.6
Repurchase of common stock (115.2) 0.0 0.0
Net cash provided by (used in) financing activities 784.1 219.6 (406.0)
Effect of foreign exchange rate changes on cash and cash equivalents (0.6) (0.2) 2.6
Net change in cash and cash equivalents during the period 18.4 2.1 0.0
Cash and cash equivalents at beginning of period 35.1 33.0 33.0
Cash and cash equivalents at end of period 53.5 35.1 33.0
Supplemental disclosures of cash flow information:      
Cash paid for interest 114.1 82.7 92.4
Cash paid for income taxes, net 22.1 22.8 5.0
Supplemental disclosures of non-cash investing activity:      
Purchases of rental equipment in accounts payable 38.4 129.1 4.0
Non-rental capital expenditures in accounts payable 16.6 0.0 1.3
Supplemental disclosures of non-cash investing and financing activity:      
Equipment acquired through finance lease $ 24.1 $ 22.5 $ 1.4