Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 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 June 30, 2025 (in millions):

	November 4, 2024			Adjustments	June 30, 2025
Cash and cash equivalents	$	198	$	—	$	198
Accounts and other receivables		506		(34)		472
Parts and supplies		19		—		19
Other current assets		64		(2)		62
Assets held for sale (a)		125		(4)		121
Property and equipment		782		(20)		762
Goodwill		3,633		118		3,751
Other intangible assets		3,536		(71)		3,465
Other assets		619		(8)		611
Accounts payable		(186)		1		(185)
Accrued liabilities		(336)		(21)		(357)
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)		37		(847)
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.