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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 802 $ 640 $ 1,542 $ 1,208
Expenses:        
Direct operating 282 248 563 474
Depreciation of rental equipment 161 130 313 249
Cost of sales of rental equipment 56 14 102 33
Cost of sales of new equipment, parts and supplies 7 5 12 10
Selling, general and administrative 111 97 217 186
Non-rental depreciation and amortization 28 23 54 44
Interest expense, net 54 25 102 48
Other expense (income), net 0 0 1 (1)
Total expenses 699 542 1,364 1,043
Income before income taxes 103 98 178 165
Income tax provision (27) (25) (35) (34)
Net income $ 76 $ 73 $ 143 $ 131
Weighted average shares outstanding:        
Basic (in shares) 28.4 29.8 28.7 29.8
Diluted (in shares) 28.6 30.3 29.0 30.4
Earnings per share:        
Basic (in USD per share) $ 2.68 $ 2.42 $ 4.98 $ 4.39
Diluted (in USD per share) $ 2.66 $ 2.38 $ 4.93 $ 4.30
Equipment rental        
Revenues:        
Total revenues $ 702 $ 605 $ 1,356 $ 1,132
Sales of rental equipment        
Revenues:        
Total revenues 83 19 154 47
Sales of new equipment, parts and supplies        
Revenues:        
Total revenues 10 9 18 17
Service and other revenue        
Revenues:        
Total revenues $ 7 $ 7 $ 14 $ 12