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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenues $ 3,568 $ 3,282 $ 2,740
Expenses:      
Direct operating 1,291 1,139 1,029
Depreciation of rental equipment 679 643 536
Cost of sales of rental equipment 224 252 89
Cost of sales of new equipment, parts and supplies 24 25 21
Selling, general and administrative 480 448 411
Non-rental depreciation and amortization 127 112 95
Interest expense, net 260 224 122
Loss on assets held for sale 194 0 0
Other expense (income), net (2) (8) 3
Total expenses 3,277 2,835 2,306
Income before income taxes 291 447 434
Income tax provision (80) (100) (104)
Net income $ 211 $ 347 $ 330
Weighted average shares outstanding:      
Basic (in shares) 28.4 28.5 29.6
Diluted (in shares) 28.5 28.7 30.2
Earnings per share:      
Basic (in USD per share) $ 7.43 $ 12.18 $ 11.15
Diluted (in USD per share) $ 7.40 $ 12.09 $ 10.92
Equipment rental      
Revenues:      
Total revenues $ 3,189 $ 2,870 $ 2,552
Sales of rental equipment      
Revenues:      
Total revenues 311 346 125
Sales of new equipment, parts and supplies      
Revenues:      
Total revenues 37 38 36
Service and other revenue      
Revenues:      
Total revenues $ 31 $ 28 $ 27