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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 133 $ 106
Accounts receivable, net of allowance for doubtful accounts of $55 at June 30, 2013 and $64 at December 31, 2012 751 793
Inventory 111 68
Prepaid expenses and other assets 113 111
Deferred taxes 255 265
Total current assets 1,363 1,343
Rental equipment, net 5,380 4,966
Property and equipment, net 417 428
Goodwill, net 2,954 2,970
Other intangible assets, net 1,103 1,200
Other long-term assets 109 119
Total assets 11,326 11,026
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 624 [1] 630 [1]
Accounts payable 606 286
Accrued expenses and other liabilities 362 435
Total current liabilities 1,592 1,351
Long-term debt 6,732 6,679
Subordinated convertible debentures 0 55
Deferred taxes 1,328 1,302
Other long-term liabilities 65 65
Total liabilities 9,717 9,452
Temporary equity (note 6) 26 31
Common stock—$0.01 par value, 500,000,000 shares authorized, 97,713,029 and 93,454,763 shares issued and outstanding, respectively, at June 30, 2013 and 95,891,809 and 92,984,016 shares issued and outstanding, respectively, at December 31, 2012 1 1
Additional paid-in capital 2,055 1,997
Accumulated deficit (320) (424)
Treasury stock at cost—4,258,266 and 2,907,793 shares at June 30, 2013 and December 31, 2012, respectively (185) (115)
Accumulated other comprehensive income 32 84
Total stockholders’ equity 1,583 1,543
Total liabilities and stockholders’ equity $ 11,326 $ 11,026
[1] As of June 30, 2013, our short-term debt primarily reflects $448 of borrowings under our accounts receivable securitization facility and $142 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 June 30, 2013.