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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 267 $ 234
Receivables, net 1,610 1,465
Inventories 78 69
Prepaid expenses and other current assets 245 693
Total current assets 2,200 2,461
Revenue earning equipment, net 8,190 8,323
Operating property and equipment, net 1,148 985
Goodwill 861 571
Intangible assets, net 295 171
Sales-type leases and other assets 1,701 1,324
Total assets 14,395 13,835
Current liabilities:    
Short-term debt and current portion of long-term debt 1,349 1,333
Accounts payable 767 748
Accrued expenses and other current liabilities 1,200 1,120
Total current liabilities 3,316 3,201
Long-term debt 5,003 5,247
Other non-current liabilities 1,568 1,314
Deferred income taxes 1,571 1,275
Total liabilities 11,458 11,037
Commitments and contingencies (Note 22)
Shareholders’ equity:    
Preferred stock, no par value per share — authorized, 3,800,917; none outstanding, December 31, 2022 and 2021 0 0
Common stock, $0.50 par value per share — authorized, 400,000,000; outstanding, December 31, 2022 — 46,286,664 and December 31, 2021 — 53,789,036 23 27
Additional paid-in capital 1,192 1,194
Retained earnings 2,518 2,266
Accumulated other comprehensive loss (796) (689)
Total shareholders’ equity 2,937 2,798
Total liabilities and shareholders’ equity $ 14,395 $ 13,835