Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2025

Acquisitions and Divestitures

Summary of purchase price allocation

The following table shows the preliminary purchase price allocation as of the date acquired and adjustments to September 30, 2025 (in millions):

	November 4, 2024			Adjustments	September 30, 2025
Cash and cash equivalents	$	198	$	—	$	198
Accounts and other receivables		506		(44)		462
Parts and supplies		19		—		19
Other current assets		64		(2)		62
Assets held for sale (a)		125		(5)		120
Property and equipment		782		(35)		747
Goodwill		3,633		131		3,764
Other intangible assets		3,536		(54)		3,482
Other assets		619		(9)		610
Accounts payable		(186)		1		(185)
Accrued liabilities		(336)		(26)		(362)
Deferred revenues		(77)		—		(77)
Current portion of long-term debt		(5)		—		(5)
Liabilities held for sale (a)		(35)		—		(35)
Long-term debt, less current portion		(510)		—		(510)
Deferred income taxes		(884)		39		(845)
Other liabilities		(542)		—		(542)
Total purchase price	$	6,907	$	(4)	$	6,903

(a) Represents Stericycle’s Spain and Portugal subsidiaries. See “Divestitures” below for additional information.