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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 117 $ 352
Accounts receivable, net of allowance for doubtful accounts of $65 at June 30, 2018 and $68 at December 31, 2017 1,203 1,233
Inventory 94 75
Prepaid expenses and other assets 92 112
Total current assets 1,506 1,772
Rental equipment, net 8,213 7,824
Property and equipment, net 480 467
Goodwill 4,096 4,082
Other intangible assets, net 798 875
Other long-term assets 15 10
Total assets 15,108 15,030
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 900 723
Accounts payable 859 409
Accrued expenses and other liabilities 470 536
Total current liabilities 2,229 1,668
Long-term debt 8,086 8,717
Deferred taxes 1,509 1,419
Other long-term liabilities 120 120
Total liabilities 11,944 11,924
Common stock—$0.01 par value, 500,000,000 shares authorized, 112,863,784 and 82,895,244 shares issued and outstanding, respectively, at June 30, 2018 and 112,394,395 and 84,463,662 shares issued and outstanding, respectively, at December 31, 2017 1 1
Additional paid-in capital 2,351 2,356
Retained earnings 3,458 3,005
Treasury stock at cost—29,968,540 and 27,930,733 shares at June 30, 2018 and December 31, 2017, respectively (2,450) (2,105)
Accumulated other comprehensive loss (196) (151)
Total stockholders’ equity (deficit) 3,164 3,106
Total liabilities and stockholders’ equity (deficit) $ 15,108 $ 15,030