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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 352 $ 312
Accounts receivable, net of allowance for doubtful accounts of $68 at December 31, 2017 and $54 at December 31, 2016 1,233 920
Inventory 75 68
Prepaid expenses and other assets 112 61
Total current assets 1,772 1,361
Rental equipment, net 7,824 6,189
Property and equipment, net 467 430
Goodwill 4,082 3,260
Other intangible assets, net 875 742
Other long-term assets 10 6
Total assets 15,030 11,988
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 723 597
Accounts payable 409 243
Accrued expenses and other liabilities 536 344
Total current liabilities 1,668 1,184
Long-term debt 8,717 7,193
Deferred taxes 1,419 1,896
Other long-term liabilities 120 67
Total liabilities 11,924 10,340
Common stock—$0.01 par value, 500,000,000 shares authorized, 112,394,395 and 84,463,662 shares issued and outstanding, respectively, at December 31, 2017 and 111,985,215 and 84,222,042 shares issued and outstanding, respectively, at December 31, 2016 1 1
Additional paid-in capital 2,356 2,288
Retained earnings 3,005 1,654
Treasury stock at cost—27,930,733 and 27,763,173 shares at December 31, 2017 and December 31, 2016, respectively (2,105) (2,077)
Accumulated other comprehensive loss (151) (218)
Total stockholders’ equity 3,106 1,648
Total liabilities and stockholders’ equity $ 15,030 $ 11,988