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Acquisitions
6 Months Ended
Jun. 30, 2023
Acquisitions  
Acquisitions

8.     Acquisitions

During the six months ended June 30, 2023, we completed solid waste and recycling acquisitions with total consideration of $118 million, which included $111 million in cash paid and $7 million of other consideration, specifically purchase price holdbacks. In addition, we paid $7 million of holdbacks, primarily related to prior year acquisitions.

Total consideration for our 2023 acquisitions was allocated to $17 million of property and equipment, $43 million of other intangible assets, primarily customer relationships, and $67 million of goodwill with the remaining allocated to liabilities assumed from the ordinary course of business. We remain in the measurement period for most of our acquisitions, and adjustments 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 substantially all was tax deductible.