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Acquisitions and Divestitures
9 Months Ended
Sep. 30, 2018
Acquisitions and Divestitures  
Acquisitions and Divestitures

9.    Acquisitions and Divestitures

Acquisitions

During the nine months ended September 30, 2018, we acquired 21 solid waste businesses. Total consideration, net of cash acquired, for these acquisitions was $350 million, which included $329 million in cash paid and $21 million of other consideration, primarily purchase price holdbacks. During the nine months ended September 30, 2018, we also paid $13 million of purchase price holdbacks, of which $7 million related to current year acquisitions. The businesses acquired provide collection, transfer and disposal services. As of September 30, 2018, the allocation of the purchase price for these acquisitions is preliminary; fair value estimates of identifiable assets acquired and liabilities assumed are based on management’s estimates, judgments and assumptions and are subject to change until finalized.

Divestitures

During the nine months ended September 30, 2018, we sold certain ancillary operations and received cash proceeds from these divestitures of $86 million and recognized net gains of $43 million, which are included in (gain) loss from divestitures, asset impairments and unusual items, net in the Condensed Consolidated Statement of Operations.