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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 211 $ 347 $ 330
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of rental equipment 679 643 536
Depreciation of property and equipment 82 71 64
Amortization of intangible assets 45 41 31
Amortization of deferred debt and financing obligations costs 5 4 4
Stock-based compensation charges 17 18 27
Provision for receivables allowance 70 65 52
Loss on assets held for sale 194 0 0
Deferred taxes 59 89 83
Gain on sale of rental equipment (87) (94) (36)
Other 12 1 5
Changes in assets and liabilities:      
Receivables (62) (98) (172)
Other assets (26) (22) (15)
Accounts payable 2 7 (23)
Accrued liabilities and other long-term liabilities 24 14 31
Net cash provided by operating activities 1,225 1,086 917
Cash flows from investing activities:      
Rental equipment expenditures (1,048) (1,320) (1,168)
Proceeds from disposal of rental equipment 288 325 121
Non-rental capital expenditures (161) (156) (104)
Proceeds from disposal of property and equipment 10 15 7
Acquisitions, net of cash acquired (600) (430) (515)
Other investing activities 0 (15) (23)
Net cash used in investing activities (1,511) (1,581) (1,682)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 800 0 0
Proceeds from revolving lines of credit and securitization 2,008 2,127 2,618
Repayments on revolving lines of credit and securitization (2,399) (1,387) (1,616)
Principal payments under finance lease and financing obligations (19) (16) (15)
Payment of debt financing costs (9) (1) (8)
Dividends paid (77) (73) (68)
Net settlement on vesting of equity awards (12) (25) (15)
Proceeds from employee stock purchase plan 5 4 4
Proceeds from exercise of stock options 2 3 0
Repurchase of common stock 0 (120) (115)
Net cash provided by financing activities 299 512 785
Effect of foreign exchange rate changes on cash and cash equivalents (1) 0 (1)
Net change in cash and cash equivalents during the period 12 17 19
Cash and cash equivalents at beginning of period 71 54 35
Cash and cash equivalents at end of period 83 71 54
Supplemental disclosures of cash flow information:      
Cash paid for interest 258 221 114
Cash paid for income taxes, net 12 30 22
Supplemental disclosures of non-cash investing activity:      
Purchases of rental equipment in accounts payable 30 0 38
Non-rental capital expenditures in accounts payable 2 0 17
Disposals of rental equipment in accounts receivable 6 0 0
Supplemental disclosures of non-cash investing and financing activity:      
Equipment acquired through finance lease $ 17 $ 24 $ 24