CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 170		$ 175
Accounts receivable, net of allowance for doubtful accounts of $37 at June 30, 2014 and $49 at December 31, 2013	844		804
Inventory	119		70
Prepaid expenses and other assets	71		53
Deferred taxes	192		260
Total current assets	1,396		1,362
Rental equipment, net	6,029		5,374
Property and equipment, net	423		421
Goodwill, net	3,293	[1]	2,953	[1]
Other intangible assets, net	1,218		1,018
Other long-term assets	108		103
Total assets	12,467		11,231
LIABILITIES AND STOCKHOLDERS’ EQUITY
Short-term debt and current maturities of long-term debt	621	[2]	604	[2]
Accounts payable	625		292
Accrued expenses and other liabilities	500		390
Total current liabilities	1,746		1,286
Long-term debt	7,394		6,569
Deferred taxes	1,440		1,459
Other long-term liabilities	80		69
Total liabilities	10,660		9,383
Temporary equity (note 8)	10		20
Common stock—$0.01 par value, 500,000,000 shares authorized, 103,090,256 and 96,133,712 shares issued and outstanding, respectively, at June 30, 2014 and 97,966,802 and 93,288,936 shares issued and outstanding, respectively, at December 31, 2013	1		1
Additional paid-in capital	2,100		2,054
Retained earnings (accumulated deficit)	117		(37)
Treasury stock at cost—6,956,544 and 4,677,866 shares at June 30, 2014 and December 31, 2013, respectively	(437)		(209)
Accumulated other comprehensive income	16		19
Total stockholders’ equity	1,797		1,828
Total liabilities and stockholders’ equity	$ 12,467		$ 11,231

[1] The total carrying amount of goodwill for all periods in the table above is reflected net of $1,557 of accumulated impairment charges, which were primarily recorded in our general rentals segment.

[2] As of June 30, 2014, our short-term debt primarily reflects $496 of borrowings under our accounts receivable securitization facility and $87 of 4 percent Convertible Senior Notes. The 4 percent Convertible Senior Notes mature in November 2015, but are reflected as short-term debt because they are redeemable at June 30, 2014.