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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 83 $ 71
Receivables, net of allowances of $22 and $20, respectively 589 563
Prepaid expenses 47 30
Other current assets 40 47
Assets held for sale 17 21
Total current assets 776 732
Rental equipment, net 4,225 3,831
Property and equipment, net 554 465
Right-of-use lease assets 852 665
Intangible assets, net 572 467
Goodwill 670 483
Other long-term assets 8 10
Assets held for sale 220 408
Total assets 7,877 7,061
Current liabilities:    
Current maturities of long-term debt and financing obligations 21 19
Current maturities of operating lease liabilities 39 37
Accounts payable 248 212
Accrued liabilities 239 221
Liabilities held for sale 15 19
Total current liabilities 562 508
Long-term debt, net 4,069 3,673
Financing obligations, net 101 104
Operating lease liabilities 842 646
Deferred tax liabilities 800 743
Other long-term liabilities 47 46
Liabilities held for sale 60 68
Total liabilities 6,481 5,788
Commitments and contingencies (Note 17)
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, 33.3 and 33.1 shares issued and 28.4 and 28.2 shares outstanding 0 0
Additional paid-in capital 1,832 1,820
Retained earnings 633 498
Accumulated other comprehensive loss (142) (118)
Treasury stock, at cost, 4.9 shares and 4.9 shares (927) (927)
Total equity 1,396 1,273
Total liabilities and equity $ 7,877 $ 7,061