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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 153 $ 459
Accounts receivable, net 3,096 2,510
Inventory 313 240
Prepaid expenses and other assets 423 399
Total current assets 3,985 3,608
Goodwill 7,261 7,119
Other intangible assets, net 507 477
Operating lease right-of-use assets 1,454 1,395
Other long-term assets 61 64
Total assets 32,785 29,866
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 1,607 1,577
Accounts payable 1,686 776
Accrued expenses and other liabilities 1,713 1,466
Total current liabilities 5,006 3,819
Long-term debt 13,064 12,652
Deferred taxes 3,594 3,115
Operating lease liabilities 1,196 1,124
Other long-term liabilities 230 188
Total liabilities 23,090 20,898
Common stock—$0.01 par value, 500,000,000 shares authorized, 115,445,488 and 61,990,795 shares issued and outstanding, respectively, at September 30, 2026 and 115,354,590 and 63,095,970 shares issued and outstanding, respectively, at December 31, 2025 1 1
Additional paid-in capital 2,846 2,769
Retained earnings 17,676 15,843
Treasury stock at cost—53,454,693 and 52,258,620 shares at September 30, 2026 and December 31, 2025, respectively (10,531) (9,396)
Accumulated other comprehensive loss (297) (249)
Total stockholders’ equity 9,695 8,968
Total liabilities and stockholders’ equity 32,785 29,866
Rental equipment, net    
ASSETS    
Equipment 18,363 16,069
Property and equipment, net    
ASSETS    
Equipment $ 1,154 $ 1,134