Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following summarizes the applicable accounting guidance for the Company’s revenues for the three and six months ended June 30, 2023 and 2022 (in millions):


	Three Months Ended June 30,
	2023						2022
	Topic 842		Topic 606		Total		Topic 842		Topic 606		Total
Revenues:
Equipment rental	$	631	$	—	$	631	$	541	$	—	$	541
Other rental revenue:
Delivery and pick-up	—		46		46		—		41		41
Other	25		—		25		23		—		23
Total other rental revenues	25		46		71		23		41		64
Total equipment rental	656		46		702		564		41		605
Sales of rental equipment	—		83		83		—		19		19
Sales of new equipment, parts and supplies	—		10		10		—		9		9
Service and other revenues	—		7		7		—		7		7
Total revenues	$	656	$	146	$	802	$	564	$	76	$	640


	Six Months Ended June 30,
	2023						2022
	Topic 842		Topic 606		Total		Topic 842		Topic 606		Total
Revenues:
Equipment rental	$	1,221	$	—	$	1,221	$	1,018	$	—	$	1,018
Other rental revenue:
Delivery and pick-up	—		87		87		—		71		71
Other	48		—		48		43		—		43
Total other rental revenues	48		87		135		43		71		114
Total equipment rental	1,269		87		1,356		1,061		71		1,132
Sales of rental equipment	—		154		154		—		47		47
Sales of new equipment, parts and supplies	—		18		18		—		17		17
Service and other revenues	—		14		14		—		12		12
Total revenues	$	1,269	$	273	$	1,542	$	1,061	$	147	$	1,208

Schedule of Disaggregation of Revenue

The Company sells its used rental equipment, new equipment, parts and supplies. Revenues recorded for each category are as follows (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Sales of rental equipment	$	83	$	19	$	154	$	47
Sales of new equipment	4		2		5		4
Sales of parts and supplies	6		7		13		13
Total	$	93	$	28	$	172	$	64