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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 99 $ 106
Accounts receivable, net 2,034 2,004
Inventory 222 232
Prepaid expenses and other assets 267 381
Total current assets 2,622 2,723
Goodwill 5,708 6,026
Other intangible assets, net 868 452
Operating lease right-of-use assets 1,064 819
Other long-term assets 45 47
Total assets 24,629 24,183
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 156 161
Accounts payable 1,117 1,139
Accrued expenses and other liabilities 1,007 1,145
Total current liabilities 2,280 2,445
Long-term debt 11,492 11,209
Deferred taxes 2,703 2,671
Operating lease liabilities 857 642
Other long-term liabilities 167 154
Total liabilities 17,499 17,121
Common stock—$0.01 par value, 500,000,000 shares authorized, 114,941,392 and 68,934,902 shares issued and outstanding, respectively, at March 31, 2023 and 114,758,508 and 69,356,981 shares issued and outstanding, respectively, at December 31, 2022 1 1
Additional paid-in capital 2,598 2,626
Retained earnings 10,003 9,656
Treasury stock at cost—46,006,490 and 45,401,527 shares at March 31, 2023 and December 31, 2022, respectively (5,208) (4,957)
Accumulated other comprehensive loss (264) (264)
Total stockholders’ equity 7,130 7,062
Total liabilities and stockholders’ equity (deficit) 24,629 24,183
Rental equipment, net    
ASSETS    
Equipment 13,521 13,277
Property and equipment, net    
ASSETS    
Equipment $ 801 $ 839