v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
The following summarizes the Company's goodwill (in millions):
June 30, 2026December 31, 2025
Balance at the beginning of the period:
Goodwill, gross$3,541 $1,334 
Accumulated impairment losses(668)(664)
Goodwill2,873 670 
Additions— 2,201 
Adjustments(a)
(12)— 
Currency translation(2)2 
Balance at the end of the period:
Goodwill, gross3,525 3,541 
Accumulated impairment losses(666)(668)
Goodwill$2,859 $2,873 
(a) Goodwill adjustments were due to measurement period adjustments for the H&E acquisition, see Note 5, "Business Combinations" for additional information.
Schedule of Finite Lived Intangible Assets, Net
Intangible assets, net, consisted of the following major classes (in millions):
 June 30, 2026
 Gross Carrying AmountAccumulated AmortizationNet Carrying Value
Finite-lived intangible assets: 
Customer relationships$1,554 $(278)$1,276 
Non-compete agreements19 (12)7 
Internally developed software(a)
64 (19)45 
Total1,637 (309)1,328 
Indefinite-lived intangible assets: 
Trade name271 — 271 
Total intangible assets, net$1,908 $(309)$1,599 
(a) Includes capitalized costs of $30 million yet to be placed into service.
 December 31, 2025
 Gross Carrying
Amount		Accumulated
Amortization		Net Carrying Value
Finite-lived intangible assets:  
Customer relationships$1,552 $(203)$1,349 
Non-compete agreements19 (10)9 
Internally developed software(a)
53 (17)36 
Total1,624 (230)1,394 
Indefinite-lived intangible assets: 
Trade name271 — 271 
Total intangible assets, net$1,895 $(230)$1,665 
(a) Includes capitalized costs of $21 million yet to be placed into service.
Schedule of Indefinite Lived Intangible Assets, Net
Intangible assets, net, consisted of the following major classes (in millions):
 June 30, 2026
 Gross Carrying AmountAccumulated AmortizationNet Carrying Value
Finite-lived intangible assets: 
Customer relationships$1,554 $(278)$1,276 
Non-compete agreements19 (12)7 
Internally developed software(a)
64 (19)45 
Total1,637 (309)1,328 
Indefinite-lived intangible assets: 
Trade name271 — 271 
Total intangible assets, net$1,908 $(309)$1,599 
(a) Includes capitalized costs of $30 million yet to be placed into service.
 December 31, 2025
 Gross Carrying
Amount		Accumulated
Amortization		Net Carrying Value
Finite-lived intangible assets:  
Customer relationships$1,552 $(203)$1,349 
Non-compete agreements19 (10)9 
Internally developed software(a)
53 (17)36 
Total1,624 (230)1,394 
Indefinite-lived intangible assets: 
Trade name271 — 271 
Total intangible assets, net$1,895 $(230)$1,665 
(a) Includes capitalized costs of $21 million yet to be placed into service.