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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 200 $ 158
Accounts receivable, net of allowance for doubtful accounts of $45 at June 30, 2015 and $43 at December 31, 2014 894 940
Inventory 81 78
Prepaid expenses and other assets 74 122
Deferred taxes 187 248
Total current assets 1,436 1,546
Goodwill 3,253 3,272
Other intangible assets, net 1,000 1,106
Other long-term assets 95 97
Total assets 12,605 12,467
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt [1] 590 618
Accounts payable 683 285
Accrued expenses and other liabilities 309 575
Total current liabilities 1,582 1,478
Long-term debt 7,820 7,434
Deferred taxes 1,696 1,692
Other long-term liabilities 55 65
Total liabilities 11,153 10,669
Temporary equity (note 7) 1 2
Common stock—$0.01 par value, 500,000,000 shares authorized, 110,963,906 and 95,368,939 shares issued and outstanding, respectively, at June 30, 2015 and 108,233,686 and 97,877,580 shares issued and outstanding, respectively, at December 31, 2014 1 1
Additional paid-in capital 2,165 2,168
Retained earnings 704 503
Treasury stock at cost—15,594,967 and 10,356,106 shares at June 30, 2015 and December 31, 2014, respectively (1,273) (802)
Accumulated other comprehensive loss (146) (74)
Total stockholders’ equity 1,451 1,796
Total liabilities and stockholders’ equity 12,605 12,467
Rental equipment, net    
ASSETS    
Property, plant and equipment, net 6,396 6,008
Property and equipment, net    
ASSETS    
Property, plant and equipment, net $ 425 $ 438
[1] As of June 30, 2015, our short-term debt primarily reflects $549 of borrowings under our accounts receivable securitization facility.