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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 363 $ 106
Accounts receivable, net 2,230 2,004
Inventory 205 232
Prepaid expenses and other assets 135 381
Total current assets 2,933 2,723
Goodwill 5,940 6,026
Other intangible assets, net 670 452
Operating lease right-of-use assets 1,099 819
Other long-term assets 43 47
Total assets 25,589 24,183
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 1,465 161
Accounts payable 905 1,139
Accrued expenses and other liabilities 1,267 1,145
Total current liabilities 3,637 2,445
Long-term debt 10,053 11,209
Deferred taxes 2,701 2,671
Operating Lease, Liability, Noncurrent 895 642
Other long-term liabilities 173 154
Total liabilities 17,459 17,121
Common stock—$0.01 par value, 500,000,000 shares authorized, 115,010,396 and 67,269,577 shares issued and outstanding, respectively, at December 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 2,650 2,626
Retained earnings 11,672 9,656
Treasury stock at cost—47,740,819 and 45,401,527 shares at December 31, 2023 and December 31, 2022, respectively (5,965) (4,957)
Accumulated other comprehensive loss (228) (264)
Total stockholders’ equity 8,130 7,062
Total liabilities and stockholders’ equity 25,589 24,183
Sales of rental equipment    
ASSETS    
Property and equipment, net 14,001 13,277
Property and equipment, net    
ASSETS    
Property and equipment, net $ 903 $ 839