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Acquisition of Advanced Disposal (Tables) | 3 Months Ended
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Mar. 31, 2021
Acquisition of Advanced Disposal |
Summary of purchase price allocation | The following table shows the preliminary purchase price allocation as of the date acquired, and adjustments to March 31, 2021 (in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | October 30, 2020 |  | Adjustments |  | March 31, 2021
Accounts and other receivables | ​ | $ | 159 | ​ | $ | — | ​ | $ | 159
Parts and supplies | ​ |  | 8 | ​ |  | — | ​ |  | 8
Other current assets | ​ |  | 17 | ​ |  | — | ​ |  | 17
Assets held for sale (a) | ​ |  | 1,022 | ​ |  | — | ​ |  | 1,022
Property and equipment | ​ | ​ | 1,278 | ​ | ​ | 17 | ​ | ​ | 1,295
Goodwill | ​ | ​ | 2,470 | ​ | ​ | — | ​ | ​ | 2,470
Other intangible assets | ​ | ​ | 604 | ​ | ​ | (3) | ​ | ​ | 601
Investments in unconsolidated entities | ​ | ​ | 9 | ​ | ​ | — | ​ | ​ | 9
Other assets | ​ | ​ | 27 | ​ | ​ | (2) | ​ | ​ | 25
Accounts payable | ​ | ​ | (107) | ​ | ​ | — | ​ | ​ | (107)
Accrued liabilities | ​ | ​ | (155) | ​ | ​ | — | ​ | ​ | (155)
Deferred revenues | ​ | ​ | (19) | ​ | ​ | — | ​ | ​ | (19)
Current portion of long-term debt | ​ | ​ | (12) | ​ | ​ | — | ​ | ​ | (12)
Liabilities held for sale (a) | ​ | ​ | (234) | ​ | ​ | — | ​ | ​ | (234)
Long-term debt, less current portion (b) | ​ | ​ | (441) | ​ | ​ | — | ​ | ​ | (441)
Landfill and environmental remediation liabilities | ​ | ​ | (242) | ​ | ​ | (1) | ​ | ​ | (243)
Deferred income taxes | ​ | ​ | (223) | ​ | ​ | (12) | ​ | ​ | (235)
Other liabilities | ​ | ​ | (79) | ​ | ​ | 1 | ​ | ​ | (78)
Total purchase price | ​ | $ | 4,082 | ​ | $ | — | ​ | $ | 4,082
(a) | In connection with our acquisition of Advanced Disposal, we were required by the U.S. Department of Justice to divest assets, including a portion of the assets acquired from Advanced Disposal. Upon acquisition these assets met the criteria for reporting discontinued operations and were classified as held for sale and included within the “Assets held for sale” and “Liabilities held for sale” line items in the above preliminary allocation of purchase price. Immediately following the closing of our acquisition of Advanced Disposal, the transactions contemplated by the U.S. Department of Justice were consummated and we sold the net assets to GFL Environmental for total consideration of $856 million.
(b) | At the time of acquisition, Advanced Disposal had outstanding $425 million of 5.625% senior notes due November 2024, the fair value of which was $438 million. In November 2020, we redeemed the notes pursuant to an optional redemption feature.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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