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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 512 $ 457
Accounts receivable, net 2,579 2,357
Inventory 234 200
Prepaid expenses and other assets 458 235
Total current assets 3,783 3,249
Goodwill 6,884 6,900
Other intangible assets, net 531 663
Operating lease right-of-use assets 1,326 1,337
Other long-term assets 61 49
Total assets 30,065 28,163
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 1,548 1,178
Accounts payable 1,276 748
Accrued expenses and other liabilities 1,387 1,397
Total current liabilities 4,211 3,323
Long-term debt 12,600 12,228
Deferred taxes 2,971 2,685
Operating lease liabilities 1,064 1,089
Other long-term liabilities 219 216
Total liabilities 21,065 19,541
Common stock—$0.01 par value, 500,000,000 shares authorized, 115,322,937 and 63,766,498 shares issued and outstanding, respectively, at September 30, 2025 and 115,179,350 and 65,305,731 shares issued and outstanding, respectively, at December 31, 2024 1 1
Additional paid-in capital 2,751 2,691
Retained earnings 15,304 13,813
Treasury stock at cost—51,556,439 and 49,873,619 shares at September 30, 2025 and December 31, 2024, respectively (8,773) (7,478)
Accumulated other comprehensive loss (283) (405)
Total stockholders’ equity 9,000 8,622
Total liabilities and stockholders’ equity 30,065 28,163
Rental equipment, net    
ASSETS    
Equipment 16,405 14,931
Property and equipment, net    
ASSETS    
Equipment $ 1,075 $ 1,034