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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 41 $ 36
Accounts receivable, net of allowance for doubtful accounts of $40 at June 30, 2012 and $33 at December 31, 2011 704 464
Inventory 102 44
Prepaid expenses and other assets 106 75
Deferred taxes 66 104
Total current assets 1,019 723
Rental equipment, net 5,095 2,617
Property and equipment, net 419 366
Goodwill and other intangible assets, net 4,281 372
Other long-term assets 128 65
Total assets 10,942 4,143
LIABILITIES AND STOCKHOLDERS' EQUITY    
Short-term debt and current maturities of long-term debt 421 [1] 395 [1]
Accounts payable 605 206
Accrued expenses and other liabilities 395 263
Total current liabilities 1,421 864
Long-term debt 6,868 2,592
Subordinated convertible debentures 55 55
Deferred taxes 1,106 470
Other long-term liabilities 62 59
Total liabilities 9,512 4,040
Temporary equity (note 8) 35 39
Common stock—$0.01 par value, 500,000,000 shares authorized, 95,067,158 and 92,675,165 shares issued and outstanding, respectively, at June 30, 2012 and 62,877,530 shares issued and outstanding at December 31, 2011 1 1
Additional paid-in capital 1,959 487
Accumulated deficit (538) (499)
Treasury stock at cost—2,391,993 and 0 shares at June 30, 2012 and December 31, 2011, respectively (100) 0
Accumulated other comprehensive income 73 75
Total stockholders' equity 1,395 64
Total liabilities and stockholders' equity $ 10,942 $ 4,143
[1] As of June 30, 2012, our short-term debt primarily reflects $252 of borrowings under our accounts receivable securitization facility and $133 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 redeemable at June 30, 2012.