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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 37 $ 54
Receivables, net of allowances of $17 and $18, respectively 541 523
Other current assets 66 67
Total current assets 644 644
Rental equipment, net 3,957 3,485
Property and equipment, net 445 392
Right-of-use lease assets 641 552
Intangible assets, net 468 431
Goodwill 492 419
Other long-term assets 48 34
Total assets 6,695 5,957
LIABILITIES AND EQUITY    
Current maturities of long-term debt and financing obligations 16 16
Current maturities of operating lease liabilities 43 42
Accounts payable 363 318
Accrued liabilities 233 228
Total current liabilities 655 604
Long-term debt, net 3,493 2,922
Financing obligations, net 106 108
Operating lease liabilities 618 528
Deferred tax liabilities 673 647
Other long term liabilities 48 40
Total liabilities 5,593 4,849
Commitments and contingencies (Note 12)
Equity:    
Preferred stock, $0.01 par value, 13.3 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.01 par value, 133.3 shares authorized, 33.1 and 32.7 shares issued and 28.3 and 28.9 shares outstanding 0 0
Additional paid-in capital 1,808 1,820
Retained earnings 330 224
Accumulated other comprehensive loss (122) (129)
Treasury stock, at cost, 4.8 shares and 3.8 shares (914) (807)
Total equity 1,102 1,108
Total liabilities and equity $ 6,695 $ 5,957