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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 68 $ 36
Accounts receivable, net of allowance for doubtful accounts of $48 at September 30, 2012 and $33 at December 31, 2011 804 464
Inventory 89 44
Prepaid expenses and other assets 108 75
Deferred taxes 42 104
Total current assets 1,111 723
Rental equipment, net 5,103 2,617
Property and equipment, net 426 366
Goodwill and other intangible assets, net 4,228 372
Other long-term assets 124 65
Total assets 10,992 4,143
LIABILITIES AND STOCKHOLDERS' EQUITY    
Short-term debt and current maturities of long-term debt 651 [1] 395 [1]
Accounts payable 408 206
Accrued expenses and other liabilities 455 263
Total current liabilities 1,514 864
Long-term debt 6,724 2,592
Subordinated convertible debentures 55 55
Deferred taxes 1,106 470
Other long-term liabilities 65 59
Total liabilities 9,464 4,040
Temporary equity (note 8) 33 39
Common stock—$0.01 par value, 500,000,000 shares authorized, 95,438,749 and 92,589,656 shares issued and outstanding, respectively, at September 30, 2012 and 62,877,530 shares issued and outstanding at December 31, 2011 1 1
Additional paid-in capital 1,977 487
Accumulated deficit (465) (499)
Treasury stock at cost—2,849,093 and 0 shares at September 30, 2012 and December 31, 2011, respectively (112) 0
Accumulated other comprehensive income 94 75
Total stockholders' equity 1,495 64
Total liabilities and stockholders' equity $ 10,992 $ 4,143
[1] As of September 30, 2012, our short-term debt primarily reflects $475 of borrowings under our accounts receivable securitization facility and $135 of 4 percent Convertible Senior Notes. The 4 percent Convertible Senior Notes mature in 2015, but are reflected as short-term debt because they are redeemable at September 30, 2012.