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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 278 $ 352
Accounts receivable, net of allowance for doubtful accounts of $67 at March 31, 2018 and $68 at December 31, 2017 1,154 1,233
Inventory 84 75
Prepaid expenses and other assets 74 112
Total current assets 1,590 1,772
Rental equipment, net 7,678 7,824
Property and equipment, net 467 467
Goodwill 4,115 4,082
Other intangible assets, net 825 875
Other long-term assets 13 10
Total assets 14,688 15,030
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 726 723
Accounts payable 513 409
Accrued expenses and other liabilities 402 536
Total current liabilities 1,641 1,668
Long-term debt 8,412 8,717
Deferred taxes 1,455 1,419
Other long-term liabilities 122 120
Total liabilities 11,630 11,924
Common stock—$0.01 par value, 500,000,000 shares authorized, 112,844,860 and 83,919,748 shares issued and outstanding, respectively, at March 31, 2018 and 112,394,395 and 84,463,662 shares issued and outstanding, respectively, at December 31, 2017 1 1
Additional paid-in capital 2,327 2,356
Retained earnings 3,188 3,005
Treasury stock at cost—28,925,112 and 27,930,733 shares at March 31, 2018 and December 31, 2017, respectively (2,282) (2,105)
Accumulated other comprehensive loss (176) (151)
Total stockholders’ equity (deficit) 3,058 3,106
Total liabilities and stockholders’ equity (deficit) $ 14,688 $ 15,030