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Revenue Recognition (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and 2022 (in millions):

			Three Months Ended September 30,
			2023																		2022
			Topic 842						Topic 606						Total						Topic 842						Topic 606						Total
Revenues:
Equipment rental			$	684					$	—					$	684					$	628					$	—					$	628
Other rental revenue:
Delivery and pick-up			—						52						52						—						50						50
Other			29						—						29						28						—						28
Total other rental revenues			29						52						81						28						50						78
Total equipment rental			713						52						765						656						50						706
Sales of rental equipment			—						124						124						—						21						21
Sales of new equipment, parts and supplies			—						11						11						—						10						10
Service and other revenues			—						8						8						—						8						8
Total revenues			$	713					$	195					$	908					$	656					$	89					$	745

			Nine Months Ended September 30,
			2023																		2022
			Topic 842						Topic 606						Total						Topic 842						Topic 606						Total
Revenues:
Equipment rental			$	1,905					$	—					$	1,905					$	1,646					$	—					$	1,646
Other rental revenue:
Delivery and pick-up			—						139						139						—						121						121
Other			77						—						77						71						—						71
Total other rental revenues			77						139						216						71						121						192
Total equipment rental			1,982						139						2,121						1,717						121						1,838
Sales of rental equipment			—						278						278						—						68						68
Sales of new equipment, parts and supplies			—						29						29						—						27						27
Service and other revenues			—						22						22						—						20						20
Total revenues			$	1,982					$	468					$	2,450					$	1,717					$	236					$	1,953

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 September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Sales of rental equipment			$	124					$	21					$	278					$	68
Sales of new equipment			5						2						10						6
Sales of parts and supplies			6						8						19						21
Total			$	135					$	31					$	307					$	95

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

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-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
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