v3.26.1
Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The purchase price allocations for the acquisitions completed during the six months ended June 30, 2026 are as follows (in millions):
Six Months Ended June 30, 2026
All Acquisitions
Receivables$6 
Inventories17 
Prepaid expenses and other current assets2 
Property, plant and equipment27 
Operating lease assets13 
Goodwill36 
Other intangibles (1)
42 
Other noncurrent assets2 
Current liabilities assumed(17)
Long-term operating lease liabilities, excluding current portion(11)
Debt assumed(17)
Other purchase price obligations(4)
Settlement of pre-existing balances(2)
(66)
Cash used in acquisitions, net of cash acquired$30 
(1)    The amount recorded for our acquisitions includes $18 million of developed technology (6 year weighted average useful life), $14 million of customer relationships (8.5 year weighted average useful life) and $9 million of trade names (9.3 year weighted average useful life).
(2)    Amount primarily relates to the acquisition-date fair value of pre-existing loans and other receivables between LKQ and RSI that were effectively settled upon acquisition.
Business Combination, Pro Forma Information The unaudited pro forma financial information is as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue$3,411 $3,544 $6,901 $6,901 
Income from continuing operations131 183 199 340 
Business Combination, Non-cash Investing and Financing Activities
The following table summarizes the significant non-cash investing and financing activities related to our acquisitions (in millions):
Six Months Ended June 30,
 20262025
Settlement of pre-existing balances (1)
$(66)$— 
(1)    Amount primarily relates to the acquisition-date fair value of pre-existing loans and other receivables between LKQ and RSI that were effectively settled upon acquisition.