v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 548 $ 457
Accounts receivable, net 2,368 2,357
Inventory 242 200
Prepaid expenses and other assets 362 235
Total current assets 3,520 3,249
Goodwill 6,888 6,900
Other intangible assets, net 588 663
Operating lease right-of-use assets 1,329 1,337
Other long-term assets 56 49
Total assets 29,206 28,163
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 1,287 1,178
Accounts payable 1,439 748
Accrued expenses and other liabilities 1,374 1,397
Total current liabilities 4,100 3,323
Long-term debt 12,098 12,228
Deferred taxes 2,678 2,685
Operating lease liabilities 1,070 1,089
Other long-term liabilities 225 216
Total liabilities 20,171 19,541
Common stock—$0.01 par value, 500,000,000 shares authorized, 115,318,894 and 64,450,115 shares issued and outstanding, respectively, at June 30, 2025 and 115,179,350 and 65,305,731 shares issued and outstanding, respectively, at December 31, 2024 1 1
Additional paid-in capital 2,721 2,691
Retained earnings 14,718 13,813
Treasury stock at cost—50,868,779 and 49,873,619 shares at June 30, 2025 and December 31, 2024, respectively (8,151) (7,478)
Accumulated other comprehensive loss (254) (405)
Total stockholders’ equity 9,035 8,622
Total liabilities and stockholders’ equity 29,206 28,163
Rental equipment, net    
ASSETS    
Equipment 15,763 14,931
Property and equipment, net    
ASSETS    
Equipment $ 1,062 $ 1,034