United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The specialty segment rents specialty construction products, including trench safety equipment consists of trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; power and heating, ventilating, and air conditioning equipment, such as portable diesel generators, electrical distribution equipment, and temperature control equipment; fluid solutions equipment for fluid containment, transfer, and treatment; and mobile storage equipment and modular office space. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. It also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. The company sells used equipment through its sales force, brokers, website, directly to manufacturers, and at auctions. The company operates a network of 1,360 rental locations in the United States, Canada, Europe, Australia, and New Zealand. United Rentals, Inc. was incorporated in 1997 and is headquartered in Stamford, Connecticut.

United Rentals, Inc.

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Common Stock-$0.01 Par Value; 500,000,000 Shares Authorized

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Inventories

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Revenue

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Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Cash and Cash Equivalents	512	548	542	457	479	467
Cash and Cash Equivalents
Total Cash and Cash Equivalents	512	548	542	457	479	467
Accounts Receivable	2,579	2,368	2,298	2,357	2,396	2,260
Accounts Receivable, Net
Total Trade Receivables	2,579	2,368	2,298	2,357	2,396	2,260
Inventories	234	242	227	200	211	219
Inventory
Other Current Assets	458	362	174	235	235	273
Prepaid Expenses and Other Assets
Deferred Taxes
Total Current Assets	3,783	3,520	3,241	3,249	3,321	3,219
Total Current Assets
Net Property, Plant & Equipment	18,806	18,154	17,254	17,302	17,496	16,854
Rental Equipment, Net
Property and Equipment, Net
Operating Lease Right-of-Use Assets
Net Intangible Assets	531	588	642	663	694	744
Other Intangible Assets, Net
Goodwill	6,884	6,888	6,860	6,900	6,853	6,749
Goodwill
Other Long-Term Assets	61	56	53	49	48	47
Other Long-Term Assets
Total Assets	30,065	29,206	28,050	28,163	28,412	27,613
Total Assets

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Accounts Payable	1,276	1,439	1,029	748	1,216	1,349
Accounts Payable
Accrued Expenses	1,387	1,374	1,345	1,397	1,300	1,251
Accrued Expenses and Other Liabilities
Short-Term Debt	1,548	1,287	1,420	1,178	1,510	1,369
Short-Term Debt and Current Maturities of Long-Term Debt
Current Portion of Long-Term Debt	1,548	1,287	1,420	1,178	1,510	1,369
Short-Term Debt and Current Maturities of Long-Term Debt
Total Current Liabilities	4,211	4,100	3,794	3,323	4,026	3,969
Total Current Liabilities
Long-Term Debt	12,600	12,098	11,502	12,228	11,884	11,520
Long-Term Debt
Leases	1,064	1,070	1,071	1,089	1,021	988
Operating Lease Liabilities
Other Long-Term Liabilities	3,190	2,903	2,894	2,901	2,900	2,855
Deferred Taxes
Other Long-Term Liabilities
Total Long-Term Liabilities	16,854	16,071	15,467	16,218	15,805	15,363
Total Liabilities	21,065	20,171	19,261	19,541	19,831	19,332
Total Liabilities

Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Common Stock	1	1	1	1	1	1
Common Stock-$0.01 Par Value; 500,000,000 Shares Authorized
Treasury Stock	-8,773	-8,151	-7,730	-7,478	-7,100	-6,722
Treasury Stock at Cost
Additional Paid-in Capital	2,751	2,721	2,688	2,691	2,686	2,664
Additional Paid-in Capital
Accumulated Other Comprehensive Income	-283	-254	-384	-405	-237	-292
Accumulated Other Comprehensive Income
Retained Earnings	15,304	14,718	14,214	13,813	13,231	12,630
Retained Earnings
Total Common Shareholders' Equity	9,000	9,035	8,789	8,622	8,581	8,281
Common Stock-$0.01 Par Value; 500,000,000 Shares Authorized
Treasury Stock at Cost
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Retained Earnings
Minority Interests and Other	—	—	—	—	—	—
Temporary Equity
Total Shareholders' Equity	9,000	9,035	8,789	8,622	8,581	8,281
Total Liabilities and Shareholders' Equity	30,065	29,206	28,050	28,163	28,412	27,613
Total Liabilities and Stockholders' Equity