CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2025	Sep. 30, 2024
Cash Flows From Operating Activities:
Net income		$ 1,841	$ 1,886
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		2,303	2,141
Amortization of deferred financing costs and original issue discounts		11	11
Gain on sales of rental equipment		(460)	(505)
Gain on sales of non-rental equipment		(15)	(13)
Insurance proceeds from damaged equipment		(36)	(38)
Stock compensation expense, net		102	79
Restructuring charge		1	3
Debt related activity	[1]	15	1
Increase (decrease) in deferred taxes		259	(31)
Changes in operating assets and liabilities, net of amounts acquired:
Increase in accounts receivable		(208)	(51)
(Increase) decrease in inventory		(33)	5
Increase in prepaid expenses and other assets		(202)	(44)
Increase in accounts payable		338	152
Increase (decrease) in accrued expenses and other liabilities		18	(98)
Net cash provided by operating activities		3,934	3,498
Cash Flows From Investing Activities:
Payments for purchases of rental equipment		(3,576)	(3,178)
Payments for purchases of non-rental equipment and intangible assets		(273)	(266)
Proceeds from sales of rental equipment		1,027	1,069
Proceeds from sales of non-rental equipment		44	50
Insurance proceeds from damaged equipment		36	38
Purchases of other companies, net of cash acquired		(22)	(1,342)
Purchases of investments		(2)	(4)
Net cash used in investing activities		(2,766)	(3,633)
Cash Flows From Financing Activities:
Proceeds from debt		7,467	9,729
Payments of debt		(6,862)	(7,964)
Payment of contingent consideration		(23)	0
Common stock repurchased, including tax withholdings for share-based compensation		(1,338)	(1,168)
Payments of financing and other debt related costs	[1]	(23)	(17)
Dividends paid		(350)	(326)
Net cash (used in) provided by financing activities		(1,129)	254
Effect of foreign exchange rates		16	(3)
Net increase in cash and cash equivalents		55	116
Cash and cash equivalents at beginning of period		457	363
Cash and cash equivalents at end of period		512	479
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net		574	812
Cash paid for interest		$ 566	$ 544

[1] The amounts for the nine months ended September 30, 2025 primarily reflect bridge financing fees associated with the terminated acquisition of H&E Equipment Services, Inc. d/b/a H&E Rentals (“H&E”) discussed below.