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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 429 $ 363
Accounts receivable, net 2,221 2,230
Inventory 208 205
Prepaid expenses and other assets 151 135
Total current assets 3,009 2,933
Goodwill 6,863 5,940
Other intangible assets, net 666 670
Operating lease right-of-use assets 1,181 1,099
Other long-term assets 44 43
Total assets 26,658 25,589
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 1,087 1,465
Accounts payable 959 905
Accrued expenses and other liabilities 1,318 1,267
Total current liabilities 3,364 3,637
Long-term debt 11,318 10,053
Deferred taxes 2,690 2,701
Operating lease liabilities 966 895
Other long-term liabilities 200 173
Total liabilities 18,538 17,459
Common stock—$0.01 par value, 500,000,000 shares authorized, 115,101,951 and 66,796,805 shares issued and outstanding, respectively, at March 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 2,638 2,650
Retained earnings 12,103 11,672
Treasury stock at cost—48,305,146 and 47,740,819 shares at March 31, 2024 and December 31, 2023, respectively (6,343) (5,965)
Accumulated other comprehensive loss (279) (228)
Total stockholders’ equity 8,120 8,130
Total liabilities and stockholders’ equity (deficit) 26,658 25,589
Rental equipment, net    
ASSETS    
Equipment 13,979 14,001
Property and equipment, net    
ASSETS    
Equipment $ 916 $ 903