v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 43 $ 52
Receivables, net of allowances of $27 and $31, respectively 805 769
Prepaid expenses 52 72
Other current assets 60 63
Total current assets 960 956
Rental equipment, net 5,899 5,880
Property and equipment, net 863 868
Right-of-use lease assets 1,494 1,489
Intangible assets, net 1,599 1,665
Goodwill 2,859 2,873
Other long-term assets 43 45
Total assets 13,717 13,776
Current liabilities:    
Current maturities of long-term debt and financing obligations 32 32
Current maturities of operating lease liabilities 57 56
Accounts payable 482 337
Accrued liabilities 300 305
Total current liabilities 871 730
Long-term debt, net 7,885 8,021
Financing obligations, net 93 95
Operating lease liabilities 1,491 1,479
Deferred tax liabilities 1,434 1,446
Other long-term liabilities 53 57
Total liabilities 11,827 11,828
Commitments and contingencies (Note 12)
Equity:    
Preferred stock, $0.01 par value, 13.3 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.01 par value, 133.3 shares authorized, 38.3 and 38.2 shares issued and 33.4 and 33.3 shares outstanding 0 0
Additional paid-in capital 2,452 2,448
Retained earnings 496 547
Accumulated other comprehensive loss (131) (120)
Treasury stock, at cost, 4900000 shares and 4900000 shares (927) (927)
Total equity 1,890 1,948
Total liabilities and equity $ 13,717 $ 13,776