v3.26.1
RENTAL EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
RENTAL EQUIPMENT, NET RENTAL EQUIPMENT, NET
Rental equipment, net, consist of the following (in millions):
June 30, 2026
December 31, 2025
Rental equipment ................................................................................................
$4,178
$3,596
Installed telematics tracker devices ....................................................................
86
81
Total rental equipment .......................................................................................
4,264
3,677
Less: accumulated depreciation .........................................................................
(978)
(843)
Rental equipment, net .........................................................................................
$3,286
$2,834
During the three and six months ended June 30, 2026, the Company recognized $91 million and $173 million
related to rental equipment depreciation expense, respectively. During the three and six months ended June 30, 2025,
the Company recognized $72 million and $139 million related to rental equipment depreciation expense,
respectively. Rental equipment related depreciation expense is recognized within depreciation and amortization as a
component of cost of revenues on the condensed consolidated statements of operations.PROPERTY AND OTHER FIXED ASSETS, NET
Property and other fixed assets, net, consist of the following (in millions):
June 30, 2026
December 31, 2025
Furniture, fixtures, office equipment and other ..................................................
$183
$167
Leasehold improvements ....................................................................................
187
161
Buildings and improvements ..............................................................................
229
186
Construction in progress .....................................................................................
93
61
Land ....................................................................................................................
40
44
Total property and other fixed assets .................................................................
732
619
Less: accumulated depreciation .........................................................................
(142)
(115)
Total property and other fixed assets, net .....................................................
$590
$504
During the three and six months ended June 30, 2026, the Company recognized $15 million and $29 million
related to property and other fixed assets depreciation expense, respectively. During the three and six months ended
June 30, 2025, the Company recognized $10 million and $19 million related to property and other fixed assets
depreciation expense, respectively. Property and other fixed assets related depreciation expenses are recognized in
selling, general and administrative expenses on the condensed consolidated statement of operations.