XML 29 R17.htm IDEA: XBRL DOCUMENT v3.22.2.2
Acquisitions
9 Months Ended
Sep. 30, 2022
Acquisition  
Acquisitions

8.     Acquisitions

During the nine months ended September 30, 2022, we acquired seven businesses primarily related to our Solid Waste business. Total consideration for all acquisitions was $216 million, which included $202 million in cash paid and $14 million of other consideration, primarily purchase price holdbacks. In addition, we paid $5 million of holdbacks, primarily related to prior year acquisitions.

Total consideration for our 2022 acquisitions was primarily allocated to $60 million of property and equipment, $51 million of other intangible assets and $102 million of goodwill. Other intangible assets included $34 million of customer relationships and $17 million of covenants not-to-compete. We remain in the measurement period for most of our acquisitions, therefore further adjustment to our preliminary purchase price allocation may occur. The goodwill was primarily a result of expected synergies from combining the acquired businesses with our existing operations and was tax deductible.