2024 Q2 Form 10-Q Financial Statement
#000136447924000026 Filed on April 23, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| Revenue | $848.0M | $804.0M |
| YoY Change | 5.74% | 8.65% |
| Cost Of Revenue | $336.0M | $323.0M |
| YoY Change | 8.04% | 8.03% |
| Gross Profit | $512.0M | $481.0M |
| YoY Change | 4.28% | 9.07% |
| Gross Profit Margin | 60.38% | 59.83% |
| Selling, General & Admin | $120.0M | $151.0M |
| YoY Change | -14.29% | 42.45% |
| % of Gross Profit | 23.44% | 31.39% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $195.0M | $189.0M |
| YoY Change | 3.17% | 6.18% |
| % of Gross Profit | 38.09% | 39.29% |
| Operating Expenses | $120.0M | $340.0M |
| YoY Change | -64.07% | 220.75% |
| Operating Profit | $392.0M | $141.0M |
| YoY Change | 149.68% | -57.91% |
| Interest Expense | -$63.00M | -$61.00M |
| YoY Change | 16.67% | 27.08% |
| % of Operating Profit | -16.07% | -43.26% |
| Other Income/Expense, Net | $0.00 | $1.000M |
| YoY Change | -200.0% | |
| Pretax Income | $93.00M | $81.00M |
| YoY Change | -9.71% | 8.0% |
| Income Tax | $23.00M | $16.00M |
| % Of Pretax Income | 24.73% | 19.75% |
| Net Earnings | $70.00M | $65.00M |
| YoY Change | -7.89% | -2.99% |
| Net Earnings / Revenue | 8.25% | 8.08% |
| Basic Earnings Per Share | $2.46 | $2.30 |
| Diluted Earnings Per Share | $2.46 | $2.29 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 28.37M shares | 28.32M shares |
| Diluted Shares Outstanding | 28.50M shares | 28.40M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $70.00M | $63.00M |
| YoY Change | 89.19% | 57.5% |
| Cash & Equivalents | $70.00M | $63.00M |
| Short-Term Investments | ||
| Other Short-Term Assets | $77.00M | $94.00M |
| YoY Change | 16.67% | 32.39% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $570.0M | $560.0M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $717.0M | $717.0M |
| YoY Change | 11.34% | 14.72% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $5.333B | $5.038B |
| YoY Change | 5.75% | 6.94% |
| Goodwill | $590.0M | $537.0M |
| YoY Change | 19.92% | 16.74% |
| Intangibles | $514.0M | $496.0M |
| YoY Change | 9.83% | 10.96% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $9.000M | $419.0M |
| YoY Change | -81.25% | 1169.7% |
| Total Long-Term Assets | $6.858B | $6.490B |
| YoY Change | 13.34% | 14.85% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $717.0M | $717.0M |
| Total Long-Term Assets | $6.858B | $6.490B |
| Total Assets | $7.575B | $7.207B |
| YoY Change | 13.14% | 14.83% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $286.0M | $201.0M |
| YoY Change | -21.21% | -42.24% |
| Accrued Expenses | $221.0M | $231.0M |
| YoY Change | -19.93% | 24.19% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $19.00M | $19.00M |
| YoY Change | 18.75% | 18.75% |
| Total Short-Term Liabilities | $585.0M | $474.0M |
| YoY Change | -10.69% | -20.07% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.864B | $3.753B |
| YoY Change | 10.62% | 16.73% |
| Other Long-Term Liabilities | $49.00M | $922.0M |
| YoY Change | -93.65% | 1904.35% |
| Total Long-Term Liabilities | $49.00M | $4.675B |
| YoY Change | -98.85% | 10063.04% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $585.0M | $474.0M |
| Total Long-Term Liabilities | $49.00M | $4.675B |
| Total Liabilities | $6.213B | $5.899B |
| YoY Change | 11.09% | 13.68% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $595.0M | $544.0M |
| YoY Change | 80.3% | 100.0% |
| Common Stock | $0.00 | $0.00 |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.362B | $1.308B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $7.575B | $7.207B |
| YoY Change | 13.14% | 14.83% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $70.00M | $65.00M |
| YoY Change | -7.89% | -2.99% |
| Depreciation, Depletion And Amortization | $195.0M | $189.0M |
| YoY Change | 3.17% | 6.18% |
| Cash From Operating Activities | $318.0M | $240.0M |
| YoY Change | 13.17% | 2.13% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $328.0M | $211.0M |
| YoY Change | -20.96% | 539.39% |
| Acquisitions | $148.0M | |
| YoY Change | 7.25% | |
| Other Investing Activities | -$76.00M | -$85.00M |
| YoY Change | 18.75% | |
| Cash From Investing Activities | -$404.0M | -$296.0M |
| YoY Change | -15.66% | -34.37% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 93.00M | 48.00M |
| YoY Change | -52.31% | -76.24% |
| NET CHANGE | ||
| Cash From Operating Activities | 318.0M | 240.0M |
| Cash From Investing Activities | -404.0M | -296.0M |
| Cash From Financing Activities | 93.00M | 48.00M |
| Net Change In Cash | 7.000M | -8.000M |
| YoY Change | -333.33% | -42.86% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $318.0M | $240.0M |
| Capital Expenditures | $328.0M | $211.0M |
| Free Cash Flow | -$10.00M | $29.00M |
| YoY Change | -92.54% | -85.64% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
2000000 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
|
http://fasb.org/us-gaap/2023#Revenues | |
| CY2024Q1 | us-gaap |
Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
|
http://fasb.org/us-gaap/2023#Revenues | |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2024Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2024Q1 | us-gaap |
Revenues
Revenues
|
804000000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
740000000 | usd |
| CY2024Q1 | us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
307000000 | usd |
| CY2023Q1 | us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
281000000 | usd |
| CY2024Q1 | us-gaap |
Equipment Expense
EquipmentExpense
|
160000000 | usd |
| CY2023Q1 | us-gaap |
Equipment Expense
EquipmentExpense
|
152000000 | usd |
| CY2024Q1 | hri |
Cost Of Revenue Earning Equipment Sold
CostOfRevenueEarningEquipmentSold
|
46000000 | usd |
| CY2023Q1 | hri |
Cost Of Revenue Earning Equipment Sold
CostOfRevenueEarningEquipmentSold
|
46000000 | usd |
| CY2024Q1 | hri |
Cost Of Sales Of New Equipment Parts And Supplies
CostOfSalesOfNewEquipmentPartsAndSupplies
|
6000000 | usd |
| CY2023Q1 | hri |
Cost Of Sales Of New Equipment Parts And Supplies
CostOfSalesOfNewEquipmentPartsAndSupplies
|
5000000 | usd |
| CY2024Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
115000000 | usd |
| CY2023Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
106000000 | usd |
| CY2024Q1 | us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
29000000 | usd |
| CY2023Q1 | us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
26000000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-61000000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-48000000 | usd |
| CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1000000 | usd |
| CY2024Q1 | hri |
Costs And Expenses Non Operating Income And Interest Expense
CostsAndExpensesNonOperatingIncomeAndInterestExpense
|
723000000 | usd |
| CY2023Q1 | hri |
Costs And Expenses Non Operating Income And Interest Expense
CostsAndExpensesNonOperatingIncomeAndInterestExpense
|
665000000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
81000000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
75000000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16000000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8000000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
65000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
67000000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28300000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
29000000.0 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28400000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29400000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.30 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.31 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.29 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.28 | |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
65000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
67000000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-6000000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
0 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-6000000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
2000000 | usd |
| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
59000000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
69000000 | usd |
| CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1273000000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
65000000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-6000000 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5000000 | usd |
| CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.665 | |
| CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
19000000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-12000000 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1308000000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1108000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
67000000 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4000000 | usd |
| CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.6325 | |
| CY2023Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
19000000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-25000000 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
52000000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1087000000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
65000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
67000000 | usd |
| CY2024Q1 | us-gaap |
Equipment Expense
EquipmentExpense
|
160000000 | usd |
| CY2023Q1 | us-gaap |
Equipment Expense
EquipmentExpense
|
152000000 | usd |
| CY2024Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
19000000 | usd |
| CY2023Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
17000000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
10000000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9000000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5000000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4000000 | usd |
| CY2024Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
12000000 | usd |
| CY2023Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
13000000 | usd |
| CY2024Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
9000000 | usd |
| CY2023Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
3000000 | usd |
| CY2024Q1 | us-gaap |
Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
|
23000000 | usd |
| CY2023Q1 | us-gaap |
Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
|
25000000 | usd |
| CY2024Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
3000000 | usd |
| CY2023Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
2000000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
7000000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-13000000 | usd |
| CY2024Q1 | hri |
Increase Decrease In Inventories Prepaid Expense And Other Assets
IncreaseDecreaseInInventoriesPrepaidExpenseAndOtherAssets
|
6000000 | usd |
| CY2023Q1 | hri |
Increase Decrease In Inventories Prepaid Expense And Other Assets
IncreaseDecreaseInInventoriesPrepaidExpenseAndOtherAssets
|
2000000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2000000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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8000000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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-6000000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-27000000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
240000000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
235000000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
|
181000000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
|
332000000 | usd |
| CY2024Q1 | hri |
Proceeds From The Sale Of Equipment On Lease
ProceedsFromTheSaleOfEquipmentOnLease
|
61000000 | usd |
| CY2023Q1 | hri |
Proceeds From The Sale Of Equipment On Lease
ProceedsFromTheSaleOfEquipmentOnLease
|
49000000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
30000000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
33000000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
3000000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
148000000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
138000000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-296000000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-451000000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
385000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
640000000 | usd |
| CY2024Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
302000000 | usd |
| CY2023Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
347000000 | usd |
| CY2024Q1 | hri |
Finance Lease And Financing Obligations Principal Payments
FinanceLeaseAndFinancingObligationsPrincipalPayments
|
5000000 | usd |
| CY2023Q1 | hri |
Finance Lease And Financing Obligations Principal Payments
FinanceLeaseAndFinancingObligationsPrincipalPayments
|
4000000 | usd |
| CY2024Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
20000000 | usd |
| CY2023Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
20000000 | usd |
| CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
12000000 | usd |
| CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
25000000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
| CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
44000000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
48000000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
202000000 | usd |
| CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
| CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-8000000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-14000000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
71000000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
54000000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
63000000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
40000000 | usd |
| CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
78000000 | usd |
| CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
63000000 | usd |
| CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
3000000 | usd |
| CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1000000 | usd |
| CY2024Q1 | hri |
Purchases Of Property Subject To Or Available For Operating Lease But Not Yet Paid
PurchasesOfPropertySubjectToOrAvailableForOperatingLeaseButNotYetPaid
|
0 | usd |
| CY2023Q1 | hri |
Purchases Of Property Subject To Or Available For Operating Lease But Not Yet Paid
PurchasesOfPropertySubjectToOrAvailableForOperatingLeaseButNotYetPaid
|
18000000 | usd |
| CY2024Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
5000000 | usd |
| CY2023Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
3000000 | usd |
| CY2024Q1 | hri |
Disposals Of Property Subject Available For Operating Lease But Not Yet Received
DisposalsOfPropertySubjectAvailableForOperatingLeaseButNotYetReceived
|
5000000 | usd |
| CY2023Q1 | hri |
Disposals Of Property Subject Available For Operating Lease But Not Yet Received
DisposalsOfPropertySubjectAvailableForOperatingLeaseButNotYetReceived
|
15000000 | usd |
| CY2024Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
3000000 | usd |
| CY2023Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
3000000 | usd |
| CY2024Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Organization and Description of Business <div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Herc Holdings Inc. ("we," "us," "our," "Herc Holdings," or "the Company") is one of the leading equipment rental suppliers with 412 locations in North America as of March 31, 2024. The Company conducts substantially all of its operations through subsidiaries, including Herc Rentals Inc. ("Herc"). With over 58 years of experience, the Company is a full-line equipment rental supplier offering a broad portfolio of equipment for rent. In addition to its principal business of equipment rental, the Company sells used equipment and contractor supplies such as construction consumables, tools, small equipment and safety supplies; provides repair, maintenance, equipment management services and safety training to certain of its customers; offers equipment re-rental services and provides on-site support to its customers; and provides ancillary services such as equipment transport, rental protection, cleaning, refueling and labor. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, lighting, trench shoring, and studio and production equipment. The Company's equipment rental business is supported by ProSolutions®, its industry-specific solutions-based services, which includes power generation, climate control, remediation and restoration, and pumps, and its ProContractor professional grade tools.</span></div> | |
| CY2024Q1 | hri |
Number Of Locations
NumberOfLocations
|
412 | location |
| CY2024Q1 | hri |
Years Of Experience In Rental Equipment Industry
YearsOfExperienceInRentalEquipmentIndustry
|
P58Y | |
| CY2024Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
674000000 | usd |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
130000000 | usd |
| CY2024Q1 | us-gaap |
Revenues
Revenues
|
804000000 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
613000000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
127000000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
740000000 | usd |
| CY2024Q1 | hri |
Equipment Rental Canceled Without Penalty Period
EquipmentRentalCanceledWithoutPenaltyPeriod
|
P1D | |
| CY2024Q1 | us-gaap |
Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
|
16000000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
|
11000000 | usd |
| CY2024Q1 | hri |
Rental Equipment Gross
RentalEquipmentGross
|
5851000000 | usd |
| CY2023Q4 | hri |
Rental Equipment Gross
RentalEquipmentGross
|
5785000000 | usd |
| CY2024Q1 | hri |
Rental Equipment Accumulated Depreciation
RentalEquipmentAccumulatedDepreciation
|
2020000000 | usd |
| CY2023Q4 | hri |
Rental Equipment Accumulated Depreciation
RentalEquipmentAccumulatedDepreciation
|
1954000000 | usd |
| CY2024Q1 | hri |
Rental Equipment Net
RentalEquipmentNet
|
3831000000 | usd |
| CY2023Q4 | hri |
Rental Equipment Net
RentalEquipmentNet
|
3831000000 | usd |
| CY2023Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
1154000000 | usd |
| CY2022Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
1088000000 | usd |
| CY2023Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
671000000 | usd |
| CY2022Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
669000000 | usd |
| CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
483000000 | usd |
| CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
419000000 | usd |
| CY2024Q1 | us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
0 | usd |
| CY2023 | us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
65000000 | usd |
| CY2024Q1 | us-gaap |
Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
|
55000000 | usd |
| CY2023 | us-gaap |
Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
|
128000000 | usd |
| CY2024Q1 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-1000000 | usd |
| CY2023 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Goodwill Gross
GoodwillGross
|
1206000000 | usd |
| CY2023Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
1154000000 | usd |
| CY2024Q1 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
669000000 | usd |
| CY2023Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
671000000 | usd |
| CY2024Q1 | us-gaap |
Goodwill
Goodwill
|
537000000 | usd |
| CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
483000000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
352000000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
126000000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
226000000 | usd |
| CY2024Q1 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
622000000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
126000000 | usd |
| CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
496000000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
312000000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
116000000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
196000000 | usd |
| CY2023Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
583000000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
116000000 | usd |
| CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
467000000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
10000000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9000000 | usd |
| CY2024Q1 | us-gaap |
Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
|
1000000 | usd |
| CY2023Q4 | us-gaap |
Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
|
14000000 | usd |
| CY2023Q4 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
|
8000000 | usd |
| CY2024Q1 | us-gaap |
Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
|
12000000 | usd |
| CY2023Q4 | us-gaap |
Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
|
12000000 | usd |
| CY2024Q1 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
27000000 | usd |
| CY2023Q4 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
21000000 | usd |
| CY2024Q1 | hri |
Disposal Group Including Discontinued Operation Rental Equipment Noncurrent
DisposalGroupIncludingDiscontinuedOperationRentalEquipmentNoncurrent
|
184000000 | usd |
| CY2023Q4 | hri |
Disposal Group Including Discontinued Operation Rental Equipment Noncurrent
DisposalGroupIncludingDiscontinuedOperationRentalEquipmentNoncurrent
|
183000000 | usd |
| CY2024Q1 | us-gaap |
Disposal Group Including Discontinued Operation Property Plant And Equipment Noncurrent
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent
|
35000000 | usd |
| CY2023Q4 | us-gaap |
Disposal Group Including Discontinued Operation Property Plant And Equipment Noncurrent
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent
|
34000000 | usd |
| CY2024Q1 | hri |
Disposal Group Including Discontinued Operation Right Of Use Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationRightOfUseAssetsNoncurrent
|
74000000 | usd |
| CY2023Q4 | hri |
Disposal Group Including Discontinued Operation Right Of Use Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationRightOfUseAssetsNoncurrent
|
75000000 | usd |
| CY2024Q1 | us-gaap |
Disposal Group Including Discontinued Operation Intangible Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNoncurrent
|
4000000 | usd |
| CY2023Q4 | us-gaap |
Disposal Group Including Discontinued Operation Intangible Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNoncurrent
|
4000000 | usd |
| CY2024Q1 | us-gaap |
Disposal Group Including Discontinued Operation Goodwill Noncurrent
DisposalGroupIncludingDiscontinuedOperationGoodwillNoncurrent
|
65000000 | usd |
| CY2023Q4 | us-gaap |
Disposal Group Including Discontinued Operation Goodwill Noncurrent
DisposalGroupIncludingDiscontinuedOperationGoodwillNoncurrent
|
65000000 | usd |
| CY2024Q1 | us-gaap |
Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
|
47000000 | usd |
| CY2023Q4 | us-gaap |
Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
|
47000000 | usd |
| CY2024Q1 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
409000000 | usd |
| CY2023Q4 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
408000000 | usd |
| CY2024Q1 | hri |
Disposal Group Including Discontinued Operation Maturities Of Operating Lease Liabilities Current
DisposalGroupIncludingDiscontinuedOperationMaturitiesOfOperatingLeaseLiabilitiesCurrent
|
8000000 | usd |
| CY2023Q4 | hri |
Disposal Group Including Discontinued Operation Maturities Of Operating Lease Liabilities Current
DisposalGroupIncludingDiscontinuedOperationMaturitiesOfOperatingLeaseLiabilitiesCurrent
|
8000000 | usd |
| CY2024Q1 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
|
6000000 | usd |
| CY2023Q4 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
|
6000000 | usd |
| CY2024Q1 | us-gaap |
Disposal Group Including Discontinued Operation Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent
|
9000000 | usd |
| CY2023Q4 | us-gaap |
Disposal Group Including Discontinued Operation Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent
|
5000000 | usd |
| CY2024Q1 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
23000000 | usd |
| CY2023Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
19000000 | usd |
| CY2024Q1 | hri |
Disposal Group Including Discontinued Operation Operating Lease Liabilities Noncurrent
DisposalGroupIncludingDiscontinuedOperationOperatingLeaseLiabilitiesNoncurrent
|
66000000 | usd |
| CY2023Q4 | hri |
Disposal Group Including Discontinued Operation Operating Lease Liabilities Noncurrent
DisposalGroupIncludingDiscontinuedOperationOperatingLeaseLiabilitiesNoncurrent
|
68000000 | usd |
| CY2024Q1 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
66000000 | usd |
| CY2023Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
68000000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
36000000 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
33000000 | usd |
| CY2024Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
6000000 | usd |
| CY2023Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
6000000 | usd |
| CY2024Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
0 | usd |
| CY2024Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
18000000 | usd |
| CY2023Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
16000000 | usd |
| CY2024Q1 | us-gaap |
Lease Cost
LeaseCost
|
25000000 | usd |
| CY2023Q1 | us-gaap |
Lease Cost
LeaseCost
|
23000000 | usd |
| CY2024Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
14000000 | usd |
| CY2023Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
14000000 | usd |
| CY2023Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0407 | |
| CY2024Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
75000000 | usd |
| CY2023Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
76000000 | usd |
| CY2024Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
5000000 | usd |
| CY2023Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
5000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
3768000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
3688000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
15000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
15000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
3753000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
3673000000 | usd |
| CY2024Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
1345000000 | usd |
| CY2024Q1 | hri |
Line Of Credit Facility Remaining Borrowing Capacity Under Borrowing Base Limitation
LineOfCreditFacilityRemainingBorrowingCapacityUnderBorrowingBaseLimitation
|
1305000000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16000000 | usd |
| CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.20 | |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8000000 | usd |
| CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.11 | |
| CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
3000000 | usd |
| CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
12000000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
65000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
67000000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28300000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
29000000.0 | shares |
| CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
100000 | shares |
| CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
400000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28400000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29400000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.30 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.31 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.29 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.28 |
