In 2020 and 2019, the Company acquired several businesses for total consideration of $1.1 billion and $1.5 billion, respectively, representing both cash and contingent consideration. There were no acquisitions in 2018. These acquisitions align with the Company’s strategy to grow, diversify and build the Company’s business. Refer to Note 1 (Summary of Significant Accounting Policies) for the valuation techniques Mastercard utilizes to fair value the respective components of business combinations and contingent consideration. The residual value allocated to goodwill is primarily attributable to the synergies expected to arise after the acquisition date and a majority of the goodwill is not expected to be deductible for local tax purposes.

In 2020, the Company finalized the purchase accounting for businesses acquired during 2019 and $185 million of the businesses acquired in 2020. The Company is evaluating and finalizing the purchase accounting for the remainder of the businesses acquired during 2020. The preliminary estimated and final fair values of the purchase price allocations in aggregate, as of the acquisition dates, are noted below for the years ended December 31.


	2020		2019
	(in millions)






Assets:
Cash and cash equivalents	$	6	$	54
Other current assets	14		143
Other intangible assets	237		395
Goodwill	844		1,076

Other assets	11		48
Total assets	1,112		1,716

Liabilities:

Other current liabilities	15		121
Deferred income taxes	23		52
Other liabilities	8		32
Total liabilities	46		205

Net assets acquired	$	1,066	$	1,511


	2020		2019		2020	2019
	Acquisition Date Fair Value				Weighted-Average Useful Life
	(in millions)				(in years)
Developed technologies	$	122	$	199	6.3	7.7
Customer relationships	114		178		12.0	12.6
Other	1		18		1.0	5.0
Other intangible assets	$	237	$	395	9.0	9.7

Pro forma information related to the acquisitions was not included because the impact on the Company's consolidated results of operations was not considered to be material.

Among the businesses acquired in 2020, the largest acquisition relates to Finicity Corporation (“Finicity”), an open-banking provider, headquartered in Salt Lake City, Utah. On November 18, 2020, Mastercard acquired 100% equity interest in Finicity for cash consideration of $809 million. In addition, the Finicity sellers have the potential to earn contingent consideration of up to $160 million if certain revenue targets are met in 2021. As of the acquisition date, the fair value of the contingent consideration was $71 million. The businesses acquired in 2019 were not individually significant to Mastercard.

In August 2019, Mastercard entered into a definitive agreement to acquire the majority of the Corporate Services business of Nets Denmark A/S, for €2.85 billion (approximately $3.5 billion as of December 31, 2020) after adjusting for cash and certain other