v3.26.1
Segment Information (Tables)
 3 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information by Segment
The following table sets forth financial information by segment for the three months ended July 31, 2026 and 2025 and as of July 31, 2026 and April 30, 2026:
North America
(In millions)General ToolSpecialty
United Kingdom
Total
Three Months Ended July 31, 2026
Equipment rentals
$
1,648 
$
1,070 
$
209 
$
2,927 
Sales of rental equipment
54 
20 
11 
85 
Sales of new equipment, merchandise and consumables
41 
42 
20 
103 
Total revenues1,743 1,132 240 3,115 
Cost of rental equipment sales
(46)
(16)
(8)
(70)
Staff costs(1)
(366)
(210)
(69)
(645)
Depreciation
(359)
(146)
(41)
(546)
Other segment items(2)
(433)
(387)
(102)
(922)
Adjusted segment operating profit539 373 20 932 
Reconciliation of Adjusted Segment Operating Profit to income before provision for income taxes:
Central costs(3)
(205)
Interest expense, net
(107)
Amortization of acquired intangibles
(29)
Income before provision for income taxes
$591 
Three Months Ended July 31, 2025
Equipment rentals
$
1,535 
$
854 
$
212 
$
2,601 
Sales of rental equipment
71 
23 
9 
103 
Sales of new equipment, merchandise and consumables
43 
32 
22 
97 
Total revenues1,649 909 243 2,801 
Cost of rental equipment sales
(61)
(23)
(6)
(90)
Staff costs(1)
(329)
(177)
(70)
(576)
Depreciation
(351)
(136)
(45)
(532)
Other segment items(2)
(389)
(273)
(102)
(764)
Adjusted segment operating profit519 300 20 839 
Reconciliation of Adjusted Segment Operating Profit to income before provision for income taxes:
Central costs(3)
(208)
Interest expense, net
(95)
Amortization of acquired intangibles
(28)
Income before provision for income taxes
$508 
Staff costs are comprised of salaries, related benefits and retirement costs.
(2)Other segment items are comprised 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 Sunbelt’s support functions, technology expenditure and the accounting adjustment to reflect ASC 842 lease accounting in relation to Sunbelt’s property leases, as well as other items not allocated to segments, including other expense (income), net. This also includes non-recurring costs related to the operational restructure of the United Kingdom segment and the Redomiciliation.
North America
(In millions)General ToolSpecialtyUnited KingdomTotal
Three Months Ended July 31, 2026
Capital expenditures
$
695 
$
554 
$
61 
$
1,310 
As of July 31, 2026
Segment assets
$
10,551 
$
4,359 
$
1,154 
$
16,064 
Corporate
7,549 
Total assets
$23,613 
Three Months Ended July 31, 2025
Capital expenditures
$
321 
$
159 
$
60 
$
540 
As of April 30, 2026
Segment assets
$
10,141 
$
3,813 
$
1,131 
$
15,085 
Corporate
7,183 
Total assets$22,268