Acquisitions (Tables)

3 Months Ended

Jul. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Purchase Price Allocations

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed. The purchase price was preliminarily allocated based on information available at the acquisition date and is subject to change as we complete our analysis of the fair values at the date of the acquisition during the measurement period, not to exceed one year as permitted under Topic 805.


(In millions)	Total
Accounts receivable (1)	$	33
Inventory	11
Rental equipment	265
Property and equipment	14
Operating lease right-of-use assets	11
Intangible assets	80
Total identifiable assets acquired	414
Accounts payable, accrued expenses and other liabilities	(51)
Deferred taxes	(2)
Operating lease liabilities	(11)

Total liabilities assumed	(64)
Net identifiable assets acquired	350
Goodwill	319
Net assets acquired	$	669

(1) Accounts receivable had an estimated fair value of $33 million and a gross contractual value of $35 million. The difference represents the Company's best estimate of the contractual cash flows that will not be collected.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date. The purchase price was preliminarily allocated based on information available at the acquisition date and adjusted during the measurement period, not to exceed one year as permitted under Topic 805, as we completed our analysis of the fair values. No material measurement-period adjustments were recorded upon finalization of the purchase price allocations, during the three months ended July 31, 2025.


(In millions)	Total
Accounts receivable (1)	$	1
Rental equipment	7
Property and equipment	1
Operating lease right-of-use assets	4
Intangible assets	2
Total identifiable assets acquired	15

Operating lease liabilities	(4)
Total liabilities assumed	(4)
Net identifiable assets acquired	11
Goodwill	18
Net assets acquired	$	29

(1) Accounts receivable had an estimated fair value of $1 million and a gross contractual value of $1 million.

Schedule of Intangible Asset, Acquired, Finite-Lived

The following table reflects the fair values and weighted average useful lives of the acquired intangible assets identified based on the purchase accounting assessments:


(In millions)	Fair value		Life (years)
Customer lists	$	77	10

Contract related	3		5
Total	$	80

The following table reflects the fair values and useful lives of the acquired intangible assets identified based on the purchase accounting assessments:


(In millions)	Fair value		Life (years)
Customer lists	$	1	5
Software	1		7
Total	$	2