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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Property and Equipment, Net

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

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Total Cash and Cash Equivalents

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Inventories

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Revenue

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Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	548	457	467	363	227	106
Cash and Cash Equivalents
Total Cash and Cash Equivalents	548	457	467	363	227	106
Accounts Receivable	2,368	2,357	2,260	2,230	2,138	2,004
Accounts Receivable, Net
Total Trade Receivables	2,368	2,357	2,260	2,230	2,138	2,004
Inventories	242	200	219	205	210	232
Inventory
Other Current Assets	362	235	273	135	263	381
Prepaid Expenses and Other Assets
Deferred Taxes
Total Current Assets	3,520	3,249	3,219	2,933	2,838	2,723
Total Current Assets
Net Property, Plant & Equipment	18,154	17,302	16,854	16,003	16,020	14,935
Rental Equipment, Net
Property and Equipment, Net
Operating Lease Right-of-Use Assets
Net Intangible Assets	588	663	744	670	773	452
Other Intangible Assets, Net
Goodwill	6,888	6,900	6,749	5,940	5,826	6,026
Goodwill
Other Long-Term Assets	56	49	47	43	49	47
Other Long-Term Assets
Total Assets	29,206	28,163	27,613	25,589	25,506	24,183
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	1,439	748	1,349	905	1,339	1,139
Accounts Payable
Accrued Expenses	1,374	1,397	1,251	1,267	1,027	1,145
Accrued Expenses and Other Liabilities
Short-Term Debt	1,287	1,178	1,369	1,465	1,444	161
Short-Term Debt and Current Maturities of Long-Term Debt
Current Portion of Long-Term Debt	1,287	1,178	1,369	1,465	1,444	161
Short-Term Debt and Current Maturities of Long-Term Debt
Total Current Liabilities	4,100	3,323	3,969	3,637	3,810	2,445
Total Current Liabilities
Long-Term Debt	12,098	12,228	11,520	10,053	10,493	11,209
Long-Term Debt
Leases	1,070	1,089	988	895	896	642
Operating Lease Liabilities
Other Long-Term Liabilities	2,903	2,901	2,855	2,874	2,893	2,825
Deferred Taxes
Other Long-Term Liabilities
Total Long-Term Liabilities	16,071	16,218	15,363	13,822	14,282	14,676
Total Liabilities	20,171	19,541	19,332	17,459	18,092	17,121
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Common Stock	1	1	1	1	1	1
Common Stock-$0.01 Par Value; 500,000,000 Shares Authorized
Treasury Stock	-8,151	-7,478	-6,722	-5,965	-5,460	-4,957
Treasury Stock at Cost
Additional Paid-in Capital	2,721	2,691	2,664	2,650	2,621	2,626
Additional Paid-in Capital
Accumulated Other Comprehensive Income	-254	-405	-292	-228	-241	-264
Accumulated Other Comprehensive Income
Retained Earnings	14,718	13,813	12,630	11,672	10,493	9,656
Retained Earnings
Total Common Shareholders' Equity	9,035	8,622	8,281	8,130	7,414	7,062
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	9,035	8,622	8,281	8,130	7,414	7,062
Total Liabilities and Shareholders' Equity	29,206	28,163	27,613	25,589	25,506	24,183
Total Liabilities and Stockholders' Equity