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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract] |
Goodwill | The following summarizes the Company's goodwill (in millions):
| June 30, 2026 |  | December 31, 2025
Balance at the beginning of the period: |  |  |
Goodwill, gross | $ | 3,541 |  |  | $ | 1,334 |
Accumulated impairment losses | (668) |  |  | (664) |
Goodwill | 2,873 |  |  | 670 |
Additions | — |  |  | 2,201 |
Adjustments(a) | (12) |  |  | — |
Currency translation | (2) |  |  | 2 |
Balance at the end of the period: |  |  |
Goodwill, gross | 3,525 |  |  | 3,541 |
Accumulated impairment losses | (666) |  |  | (668) |
Goodwill | $ | 2,859 |  |  | $ | 2,873 |
(a) Goodwill adjustments were due to measurement period adjustments for the H&E acquisition, see Note 5, "Business Combinations" for additional information.
Schedule of Finite Lived Intangible Assets, Net | Intangible assets, net, consisted of the following major classes (in millions):
| June 30, 2026
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Finite-lived intangible assets: |  |  |  |  |
Customer relationships | $ | 1,554 |  |  | $ | (278) |  |  | $ | 1,276 |
Non-compete agreements | 19 |  |  | (12) |  |  | 7 |
Internally developed software(a) | 64 |  |  | (19) |  |  | 45 |
Total | 1,637 |  |  | (309) |  |  | 1,328 |
Indefinite-lived intangible assets: |  |  |  |  |
Trade name | 271 |  |  | — |  |  | 271 |
Total intangible assets, net | $ | 1,908 |  |  | $ | (309) |  |  | $ | 1,599 |
(a) Includes capitalized costs of $30 million yet to be placed into service.
| December 31, 2025
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Finite-lived intangible assets: |  |  |  |  |
Customer relationships | $ | 1,552 |  |  | $ | (203) |  |  | $ | 1,349 |
Non-compete agreements | 19 |  |  | (10) |  |  | 9 |
Internally developed software(a) | 53 |  |  | (17) |  |  | 36 |
Total | 1,624 |  |  | (230) |  |  | 1,394 |
Indefinite-lived intangible assets: |  |  |  |  |
Trade name | 271 |  |  | — |  |  | 271 |
Total intangible assets, net | $ | 1,895 |  |  | $ | (230) |  |  | $ | 1,665 |
(a) Includes capitalized costs of $21 million yet to be placed into service.
Schedule of Indefinite Lived Intangible Assets, Net | Intangible assets, net, consisted of the following major classes (in millions):
| June 30, 2026
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Finite-lived intangible assets: |  |  |  |  |
Customer relationships | $ | 1,554 |  |  | $ | (278) |  |  | $ | 1,276 |
Non-compete agreements | 19 |  |  | (12) |  |  | 7 |
Internally developed software(a) | 64 |  |  | (19) |  |  | 45 |
Total | 1,637 |  |  | (309) |  |  | 1,328 |
Indefinite-lived intangible assets: |  |  |  |  |
Trade name | 271 |  |  | — |  |  | 271 |
Total intangible assets, net | $ | 1,908 |  |  | $ | (309) |  |  | $ | 1,599 |
(a) Includes capitalized costs of $30 million yet to be placed into service.
| December 31, 2025
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Finite-lived intangible assets: |  |  |  |  |
Customer relationships | $ | 1,552 |  |  | $ | (203) |  |  | $ | 1,349 |
Non-compete agreements | 19 |  |  | (10) |  |  | 9 |
Internally developed software(a) | 53 |  |  | (17) |  |  | 36 |
Total | 1,624 |  |  | (230) |  |  | 1,394 |
Indefinite-lived intangible assets: |  |  |  |  |
Trade name | 271 |  |  | — |  |  | 271 |
Total intangible assets, net | $ | 1,895 |  |  | $ | (230) |  |  | $ | 1,665 |
(a) Includes capitalized costs of $21 million yet to be placed into service.

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