CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 158 $ 175
Accounts receivable, net of allowance for doubtful accounts of $43 at December 31, 2014 and $49 at December 31, 2013 940 804
Inventory 78 70
Prepaid expenses and other assets 122 53
Deferred taxes 248 260
Total current assets 1,546 1,362
Goodwill 3,272 [1] 2,953 [1]
Other intangible assets, net 1,106 1,018
Other long-term assets 97 103
Total assets 12,467 [2] 11,231 [2]
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Short-term debt and current maturities of long-term debt 618 604
Accounts payable 285 292
Accrued expenses and other liabilities 575 390
Total current liabilities 1,478 1,286
Long-term debt 7,434 6,569
Deferred taxes 1,692 1,459
Other long-term liabilities 65 69
Total liabilities 10,669 9,383
Temporary equity (note 12) 2 20
Common stock—$0.01 par value, 500,000,000 shares authorized, 108,233,686 and 97,877,580 shares issued and outstanding, respectively, at December 31, 2014 and 97,966,802 and 93,288,936 shares issued and outstanding, respectively, at December 31, 2013 1 1
Additional paid-in capital 2,168 2,054
Retained earnings (accumulated deficit) 503 (37)
Treasury stock at cost—10,356,106 and 4,677,866 shares at December 31, 2014 and December 31, 2013, respectively (802) (209)
Accumulated other comprehensive (loss) income (74) 19
Total stockholders’ equity 1,796 1,828
Total liabilities and stockholders’ equity 12,467 11,231
Rental equipment, net    
ASSETS    
Property, plant and equipment, net 6,008 5,374
Property and equipment, net    
ASSETS    
Property, plant and equipment, net $ 438 $ 421
[1] The total carrying amount of goodwill for all periods in the table above is reflected net of $1,557 of accumulated impairment charges, which were primarily recorded in our general rentals segment.
[2] The increase in the trench safety, power and HVAC, and pump solutions assets in 2014 primarily reflects the impact of the National Pump acquisition discussed in note 3 to the consolidated financial statements.