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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 71 $ 54
Receivables, net of allowances of $21 and $18, respectively 595 523
Other current assets 63 67
Total current assets 729 644
Rental equipment, net 3,990 3,485
Property and equipment, net 473 392
Right-of-use lease assets 670 552
Intangible assets, net 468 431
Goodwill 508 419
Other long-term assets 55 34
Total assets 6,893 5,957
LIABILITIES AND EQUITY    
Current maturities of long-term debt and financing obligations 18 16
Current maturities of operating lease liabilities 43 42
Accounts payable 247 318
Accrued liabilities 230 228
Total current liabilities 538 604
Long-term debt, net 3,665 2,922
Financing obligations, net 105 108
Operating lease liabilities 648 528
Deferred tax liabilities 693 647
Other long term liabilities 45 40
Total liabilities 5,694 4,849
Commitments and contingencies (Note 11)
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 1,816 1,820
Retained earnings 425 224
Accumulated other comprehensive loss (128) (129)
Treasury stock, at cost, 4.8 shares and 3.8 shares (914) (807)
Total equity 1,199 1,108
Total liabilities and equity $ 6,893 $ 5,957