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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 457 $ 363
Accounts receivable, net 2,357 2,230
Inventory 200 205
Prepaid expenses and other assets 235 135
Total current assets 3,249 2,933
Goodwill 6,900 5,940
Other intangible assets, net 663 670
Operating lease right-of-use assets 1,337 1,099
Other long-term assets 49 43
Total assets 28,163 25,589
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 1,178 1,465
Accounts payable 748 905
Accrued expenses and other liabilities 1,397 1,267
Total current liabilities 3,323 3,637
Long-term debt 12,228 10,053
Deferred taxes 2,685 2,701
Operating lease liabilities 1,089 895
Other long-term liabilities 216 173
Total liabilities 19,541 17,459
Common stock—$0.01 par value, 500,000,000 shares authorized, 115,179,350 and 65,305,731 shares issued and outstanding, respectively, at December 31, 2024 and 115,010,396 and 67,269,577 shares issued and outstanding, respectively, at December 31, 2023 1 1
Additional paid-in capital 2,691 2,650
Retained earnings 13,813 11,672
Treasury stock at cost—49,873,619 and 47,740,819 shares at December 31, 2024 and December 31, 2023, respectively (7,478) (5,965)
Accumulated other comprehensive loss (405) (228)
Total stockholders’ equity 8,622 8,130
Total liabilities and stockholders’ equity 28,163 25,589
Rental equipment, net    
ASSETS    
Equipment 14,931 14,001
Property and equipment, net    
ASSETS    
Equipment $ 1,034 $ 903