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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 3,773 $ 3,554 $ 7,258 $ 6,839
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 1,322 1,216 2,566 2,378
Depreciation of rental equipment 608 592 1,190 1,167
Total cost of revenues 2,255 2,129 4,394 4,173
Gross profit 1,518 1,425 2,864 2,666 Close
Selling, general and administrative expenses 404 378 793 760 Close
Restructuring charge 1 18 2 19 Close
Non-rental depreciation and amortization 109 104 213 222 CloseClose
Total Operating Expenses 514.0 500.0 1008.0 1001.0 0 Close
Operating income 1,004 925 1,856 1,665 Close
Interest expense, net 173 161 333 311 Close
Total Other Income Expenses 169.0 153.0 326.0 299.0 0.0 Close
Other income, net (4) (8) (7) (12) CloseCloseClose
Income before provision for income taxes 835 772 1,530 1,366 Close
Provision for income taxes 199 181 352 324 Close
Net income $ 636 $ 591 $ 1,178 $ 1,042 Close
Basic earnings per share (in dollars per share) $ 9.56 $ 8.60 $ 17.62 $ 15.09
Diluted earnings per share (in dollars per share) $ 9.54 $ 8.58 $ 17.57 $ 15.04
Equipment rentals        
Revenues:        
Total revenues $ 3,215 $ 2,981 $ 6,144 $ 5,721
Sales of rental equipment        
Revenues:        
Total revenues 365 382 748 770
Cost of revenues:        
Cost of goods and services sold 192 186 388 384
Sales of new equipment        
Revenues:        
Total revenues 61 70 109 114
Cost of revenues:        
Cost of goods and services sold 49 58 87 94
Contractor supplies sales        
Revenues:        
Total revenues 42 37 78 71
Cost of revenues:        
Cost of goods and services sold 29 26 54 50
Service and other revenues        
Revenues:        
Total revenues 90 84 179 163
Cost of revenues:        
Cost of goods and services sold $ 55 $ 51 $ 109 $ 100