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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 459 $ 457
Accounts receivable, net 2,510 2,357
Inventory 240 200
Prepaid expenses and other assets 399 235
Total current assets 3,608 3,249
Goodwill 7,119 6,900
Other intangible assets, net 477 663
Operating lease right-of-use assets 1,395 1,337
Other long-term assets 64 49
Total assets 29,866 28,163
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 1,577 1,178
Accounts payable 776 748
Accrued expenses and other liabilities 1,466 1,397
Total current liabilities 3,819 3,323
Long-term debt 12,652 12,228
Deferred taxes 3,115 2,685
Operating lease liabilities 1,124 1,089
Other long-term liabilities 188 216
Total liabilities 20,898 19,541
Common stock—$0.01 par value, 500,000,000 shares authorized, 115,354,590 and 63,095,970 shares issued and outstanding, respectively, at December 31, 2025 and 115,179,350 and 65,305,731 shares issued and outstanding, respectively, at December 31, 2024 1 1
Additional paid-in capital 2,769 2,691
Retained earnings 15,843 13,813
Treasury stock at cost—52,258,620 and 49,873,619 shares at December 31, 2025 and December 31, 2024, respectively (9,396) (7,478)
Accumulated other comprehensive loss (249) (405)
Total stockholders’ equity 8,968 8,622
Total liabilities and stockholders’ equity 29,866 28,163
Rental equipment, net    
ASSETS    
Equipment 16,069 14,931
Property and equipment, net    
ASSETS    
Equipment $ 1,134 $ 1,034