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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 26 $ 36
Accounts receivable, net of allowance for doubtful accounts of $30 at March 31, 2012 and $33 at December 31, 2011 417 464
Inventory 85 44
Prepaid expenses and other assets 78 75
Deferred taxes 50 104
Total current assets 656 723
Restricted cash (note 5) 2,850 0
Rental equipment, net 2,865 2,617
Property and equipment, net 380 366
Goodwill and other intangible assets, net 414 372
Other long-term assets 132 65
Total assets 7,297 4,143
LIABILITIES AND STOCKHOLDERS' EQUITY    
Short-term debt and current maturities of long-term debt 371 [1] 395 [1]
Accounts payable 384 206
Accrued expenses and other liabilities 291 263
Total current liabilities 1,046 864
Long-term debt 5,590 2,592
Subordinated convertible debentures 55 55
Deferred taxes 419 470
Other long-term liabilities 60 59
Total liabilities 7,170 4,040
Temporary equity (note 5) 37 39
Common stock-$0.01 par value, 500,000,000 shares authorized, 63,771,860 and 62,877,530 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 1 1
Additional paid-in capital 490 487
Accumulated deficit (486) (499)
Accumulated other comprehensive income 85 75
Total stockholders' equity 90 64
Total liabilities and stockholders' equity $ 7,297 $ 4,143
[1] As of March 31, 2012, our short-term debt primarily reflects $230 of borrowings under our accounts receivable securitization facility and $131 of 4 percent Convertible Senior Notes. The 4 percent Convertible Senior Notes mature in 2015, but are reflected as short-term debt because they are convertible at March 31, 2012.