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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 908 $ 745 $ 2,450 $ 1,953
Expenses:        
Direct operating 288 278 851 752
Depreciation of rental equipment 167 140 480 389
Cost of sales of rental equipment 99 16 201 49
Cost of sales of new equipment, parts and supplies 7 6 19 16
Selling, general and administrative 115 112 332 298
Non-rental depreciation and amortization 29 25 83 69
Interest expense, net 60 33 162 81
Other expense (income), net (3) 0 (2) (1)
Total expenses 762 610 2,126 1,653
Income before income taxes 146 135 324 300
Income tax provision (33) (34) (68) (68)
Net income $ 113 $ 101 $ 256 $ 232
Weighted average shares outstanding:        
Basic (in shares) 28.3 29.7 28.5 29.8
Diluted (in shares) 28.5 30.2 28.8 30.3
Earnings per share:        
Basic (in USD per share) $ 3.99 $ 3.41 $ 8.98 $ 7.79
Diluted (in USD per share) $ 3.96 $ 3.36 $ 8.89 $ 7.66
Equipment rental        
Revenues:        
Total revenues $ 765 $ 706 $ 2,121 $ 1,838
Sales of rental equipment        
Revenues:        
Total revenues 124 21 278 68
Sales of new equipment, parts and supplies        
Revenues:        
Total revenues 11 10 29 27
Service and other revenue        
Revenues:        
Total revenues $ 8 $ 8 $ 22 $ 20