| Schedule of Financial Information by Segment |
The following table sets forth financial information by segment for the years ended April 30, 2026, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | North America | | | | | | (In millions) | General Tool | | Specialty | | United Kingdom | | Total | Year ended April 30, 2026 | | | | | | | | | Equipment rentals | $ | 6,013 | | | $ | 3,505 | | | $ | 802 | | | $ | 10,320 | | | Sales of rental equipment | 324 | | | 77 | | | 50 | | | 451 | | | Sales of new equipment, merchandise and consumables | 170 | | | 133 | | | 80 | | | 383 | | | Total revenues | 6,507 | | | 3,715 | | | 932 | | | 11,154 | | | Cost of rental equipment sales | (273) | | | (71) | | | (38) | | | (382) | | Staff costs(1) | (1,325) | | | (716) | | | (267) | | | (2,308) | | | Depreciation | (1,415) | | | (545) | | | (175) | | | (2,135) | | Other segment items(2) | (1,562) | | | (1,207) | | | (393) | | | (3,162) | | | Adjusted segment operating profit | 1,932 | | | 1,176 | | | 59 | | | 3,167 | | | Reconciliation of Adjusted Segment Operating Profit to income before provision for income taxes: | | | | | | | | Central costs(3) | | | | | | | (866) | | | Interest expense, net | | | | | | | (387) | | | Amortization of acquired intangibles | | | | | | | (113) | | | Income before provision for income taxes | | | | | | | $ | 1,801 | | | | | | | | | | | Capital expenditures | $ | 1,579 | | | $ | 718 | | | $ | 158 | | | $ | 2,455 | | | | | | | | | | | Segment assets | $ | 10,141 | | | $ | 3,813 | | | $ | 1,131 | | | $ | 15,085 | | | Corporate | | | | | | | 7,183 | | | Total assets | | | | | | | $ | 22,268 | | | | | | | | | | | Year ended April 30, 2025 | | | | | | | | | Equipment rentals | $ | 5,889 | | | $ | 3,313 | | | $ | 778 | | | $ | 9,980 | | | Sales of rental equipment | 338 | | | 79 | | | 50 | | | 467 | | | Sales of new equipment, merchandise and consumables | 170 | | | 95 | | | 79 | | | 344 | | | Total revenues | 6,397 | | | 3,487 | | | 907 | | | 10,791 | | | Cost of rental equipment sales | (280) | | | (73) | | | (33) | | | (386) | | Staff costs(1) | (1,224) | | | (677) | | | (258) | | | (2,159) | | | Depreciation | (1,384) | | | (539) | | | (171) | | | (2,094) | | Other segment items(2) | (1,416) | | | (1,060) | | | (372) | | | (2,848) | | | Adjusted segment operating profit | 2,093 | | | 1,138 | | | 73 | | | 3,304 | | | Reconciliation of Adjusted Segment Operating Profit to income before provision for income taxes: | | | | | | | | Central costs(3) | | | | | | | (695) | | | Interest expense, net | | | | | | | (425) | | | Amortization of acquired intangibles | | | | | | | (114) | | | Income before provision for income taxes | | | | | | | $ | 2,070 | | | | | | | | | | | Capital expenditures | $ | 1,736 | | | $ | 537 | | | $ | 187 | | | $ | 2,460 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | North America | | | | | | (In millions) | General Tool | | Specialty | | United Kingdom | | Total | | Segment assets | $ | 10,083 | | | $ | 3,623 | | | $ | 1,198 | | | $ | 14,904 | | | Corporate | | | | | | | 7,066 | | | Total assets | | | | | | | $ | 21,970 | | | | | | | | | | | Year ended April 30, 2024 | | | | | | | | | Equipment rentals | $ | 5,826 | | | $ | 3,062 | | | $ | 742 | | | $ | 9,630 | | | Sales of rental equipment | 721 | | | 73 | | | 65 | | | 859 | | | Sales of new equipment, merchandise and consumables | 174 | | | 115 | | | 81 | | | 370 | | | Total revenues | 6,721 | | | 3,250 | | | 888 | | | 10,859 | | | Cost of rental equipment sales | (530) | | | (66) | | | (40) | | | (636) | | Staff costs(1) | (1,199) | | | (696) | | | (267) | | | (2,162) | | | Depreciation | (1,259) | | | (470) | | | (164) | | | (1,893) | | Other segment items(2) | (1,339) | | | (1,054) | | | (364) | | | (2,757) | | | Adjusted segment operating profit | 2,394 | | | 964 | | | 53 | | | 3,411 | | | Reconciliation of Adjusted Segment Operating Profit to income before provision for income taxes: | | | | | | | | Central costs(3) | | | | | | | (768) | | | Interest expense, net | | | | | | | (428) | | | Amortization of acquired intangibles | | | | | | | (121) | | | Income before provision for income taxes | | | | | | | $ | 2,094 | | | | | | | | | | | Capital expenditures | $ | 3,219 | | | $ | 1,180 | | | $ | 266 | | | $ | 4,665 | |
(1)Staff costs comprise of salaries, related benefits and retirement costs. (2)Other segment items comprise of spares, vehicle, facility and other miscellaneous costs. (3)Central costs comprise of corporate costs incurred to run the business as a whole including costs associated with the Company’s support functions, technology expenditure and the accounting adjustment to reflect ASC 842 lease accounting in relation to the Company’s property leases, as well as other items not allocated to segments, including other (income) expense, net. This also includes non-recurring costs related to the operational restructure of the United Kingdom segment and the Redomiciliation.
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| Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas |
The Company’s operations are located in the United States, Canada and the United Kingdom. Revenue by geographic region is allocated to individual countries based on the location of stores. The following table presents geographic area information for the years ended April 30, 2026, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | United States | | Canada | | United Kingdom | | Total | Year ended April 30, 2026 | | | | | | | | | Equipment rentals | $ | 8,837 | | | $ | 681 | | | $ | 802 | | | $ | 10,320 | | | Sales of rental equipment | 371 | | | 30 | | | 50 | | | 451 | | | Sales of new equipment, merchandise and consumables | 270 | | | 33 | | | 80 | | | 383 | | | Total revenues | $ | 9,478 | | | $ | 744 | | | $ | 932 | | | $ | 11,154 | | | Rental equipment, net | $ | 9,711 | | | $ | 758 | | | $ | 755 | | | $ | 11,224 | | Property and equipment, net | $ | 1,724 | | | $ | 181 | | | $ | 158 | | | $ | 2,063 | | | Operating lease right-of-use assets | 2,280 | | | 282 | | | 102 | | | 2,664 | | | | | | | | | | | Year ended April 30, 2025 | | | | | | | | | Equipment rentals | $ | 8,587 | | | $ | 615 | | | $ | 778 | | | $ | 9,980 | | | Sales of rental equipment | 384 | | | 33 | | | 50 | | | 467 | | | Sales of new equipment, merchandise and consumables | 233 | | | 32 | | | 79 | | | 344 | | | Total revenues | $ | 9,204 | | | $ | 680 | | | $ | 907 | | | $ | 10,791 | | | Rental equipment, net | $ | 9,759 | | | $ | 765 | | | $ | 816 | | | $ | 11,340 | | | Property and equipment, net | $ | 1,688 | | | $ | 169 | | | $ | 181 | | | $ | 2,038 | | | Operating lease right-of-use assets | 2,138 | | | 278 | | | 107 | | | 2,523 | | | | | | | | | | | Year ended April 30, 2024 | | | | | | | | | Equipment rentals | $ | 8,321 | | | $ | 567 | | | $ | 742 | | | $ | 9,630 | | | Sales of rental equipment | 742 | | | 52 | | | 65 | | | 859 | | | Sales of new equipment, merchandise and consumables | 244 | | | 45 | | | 81 | | | 370 | | | Total revenues | $ | 9,307 | | | $ | 664 | | | $ | 888 | | | $ | 10,859 | |
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