v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 31, 2026
Apr. 30, 2026
ASSETS    
Cash and cash equivalents $ 32 $ 29
Accounts receivable, net of allowance for credit losses of $119 and $105, respectively 1,929 1,669
Inventory 192 180
Prepaid expenses and other assets 420 354
Total current assets 2,573 2,232
Goodwill 3,778 3,476
Other intangible assets, net 383 338
Operating lease right-of-use assets 2,663 2,664
Other long-term assets 266 271
Total non-current assets 21,040 20,036
Total assets 23,613 22,268
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 550 550
Accounts payable 623 472
Accrued expenses and other liabilities 1,255 1,167
Operating lease liabilities 295 287
Total current liabilities 2,723 2,476
Long-term debt 8,006 7,033
Deferred taxes 2,463 2,394
Non-current portion of operating lease liabilities 2,572 2,577
Other long-term liabilities 402 379
Total non-current liabilities 13,443 12,383
Total liabilities 16,166 14,859
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock – $0.01 par value, 414,502,814 and 409,867,481 shares issued and outstanding, respectively, as of July 31, 2026, 413,965,587 and 410,272,086 shares issued and outstanding, respectively, as of April 30, 2026 4 4
Additional paid-in capital 235 204
Retained earnings 7,772 7,646
Treasury stock at cost – 4,635,333 and 3,693,501 shares as of July 31, 2026 and April 30, 2026, respectively (334) (259)
Common stock held by the ESOT – 0 and 0 shares as of July 31, 2026 and April 30, 2026, respectively 0 0
Accumulated other comprehensive loss (230) (186)
Total stockholders’ equity 7,447 7,409
Total liabilities and stockholders’ equity 23,613 22,268
Rental Equipment    
ASSETS    
Rental equipment, net and Property and equipment, net 11,856 11,224
Property Plant and Equipment Excluding Rental Equipment    
ASSETS    
Rental equipment, net and Property and equipment, net $ 2,094 $ 2,063