v3.26.1

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 118	$ 76
Accounts receivable, less allowance for doubtful accounts and other of $60 and $66, respectively	1,917	1,897
Prepaid expenses and other current assets	475	550
Total current assets	2,510	2,523
Restricted cash and marketable securities	292	259
Property and equipment, net	12,695	12,639
Goodwill	16,926	16,715
Other intangible assets, net	647	655
Other assets	1,530	1,575
Total assets	34,600	34,366
Current liabilities:
Accounts payable	1,196	1,374
Notes payable and current maturities of long-term debt	547	596
Deferred revenue	480	496
Accrued landfill and environmental costs, current portion	159	148
Accrued interest	122	109
Other accrued liabilities	1,236	1,205
Total current liabilities	3,740	3,928
Long-term debt, net of current maturities	13,317	12,985
Accrued landfill and environmental costs, net of current portion	2,620	2,608
Deferred income taxes and other long-term tax liabilities, net	1,936	1,884
Insurance reserves, net of current portion	454	436
Other long-term liabilities	552	556
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value $0.01 per share; 50 shares authorized; none issued	0	0
Common stock, par value $0.01 per share; 750 shares authorized; 314 and 313 issued including shares held in treasury, respectively	3	3
Additional paid-in capital	1,851	1,833
Retained earnings	11,493	11,161
Treasury stock, at cost; 6 and 5 shares, respectively	(1,336)	(1,000)
Accumulated other comprehensive loss, net of tax	(31)	(29)
Total Republic Services, Inc. stockholders’ equity	11,980	11,968
Non-controlling interests in consolidated subsidiary	1	1
Total stockholders’ equity	11,981	11,969
Total liabilities and stockholders’ equity	$ 34,600	$ 34,366

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

REPUBLIC SERVICES, INC. 10-Q