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Segment Information | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the chief operating decision maker in deciding how to allocate resources to an individual segment and in assessing performance. The Company's Chief Operating Decision Maker (“CODM”) has been identified as its chief executive officer ("CEO"). The Company considered guidance in ASC Topic 280, Segment Reporting, and used the management approach in determining its reportable segments. The Company has determined that it has two operating segments that are aggregated into one reportable segment: equipment rental. The equipment rental segment derives revenues from customers by renting equipment from the Company's fleet, which includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, lighting, trench shoring, and studio and production equipment. The Company’s broad portfolio of equipment for rent is fungible and can be deployed throughout the geographies where the Company does business. Performance and resource allocation, particularly the amount and timing of new equipment purchases, are evaluated by the CODM using net income. Net income is also used when determining other capital allocation priorities such as completing acquisitions, paying dividends or repurchasing Company shares. Net income of the equipment rental segment is reported on the consolidated statement of operations as consolidated net income. Additionally, the measures of segment assets are reported on the consolidated balance sheet as total consolidated assets and rental equipment, which is also disclosed in Note 4, "Rental Equipment." There are no significant segment expenses other than those presented on the consolidated statement of operations and the Company does not have intra-entity sales. The Company generates substantially all of its equipment rental revenue in North America. For each of the last three fiscal years, revenues from external customers attributed to the U.S. and all foreign countries (primarily Canada) in total are set forth below:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
United States | $ | 3,314 |  |  | $ | 3,019 |  |  | $ | 2,499 |
International | 254 |  |  | 263 |  |  | 241 |
Total revenue | $ | 3,568 |  |  | $ | 3,282 |  |  | $ | 2,740 |
Geographic information for long-lived assets, which consist primarily of rental equipment and property and equipment, was as follows (in millions):
| December 31, 2024 |  | December 31, 2023
Total assets |  |  |
United States | $ | 7,375 |  |  | $ | 6,531 |
International | 502 |  |  | 530 |
Total | $ | 7,877 |  |  | $ | 7,061 |
Rental equipment, net |  |  |
United States | $ | 3,962 |  |  | $ | 3,546 |
International | 263 |  |  | 285 |
Total | $ | 4,225 |  |  | $ | 3,831 |
Property and equipment, net |  |  |
United States | $ | 525 |  |  | $ | 436 |
International | 29 |  |  | 29 |
Total | $ | 554 |  |  | $ | 465 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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