ACQUISITIONS Assets acquired and liabilities assumed in business combinations were recorded in the Companys Consolidated Balance Sheets as of the respective acquisition dates based upon their estimated fair values at such dates. The results of operations of businesses acquired by the Company have been included in the Companys Consolidated Statements of Operations since their respective dates of acquisition. In connection with the Companys acquisition of real estate brokerage operations, the Company obtains contractual pendings and listings intangible assets, which represent the estimated fair value of homesale transactions that are pending closing or homes listed for sale by the acquired brokerage operations. Pendings and listings intangible assets are amortized over the estimated closing period of the underlying contracts and homes listed for sale, which in most cases is approximately five months . 2016 Acquisitions During the year ended December31, 2016 , the Company acquired eleven real estate brokerage and property management operations through its wholly owned subsidiary, NRT, for aggregate cash consideration of $74 million and established $9 million of contingent consideration. These acquisitions resulted in goodwill of $52 million , customer relationships of $20 million , pendings and listings of $6 million , other intangibles of $3 million , other assets of $5 million and other liabilities of $3 million . During the year ended December31, 2016 , the Company acquired one title and settlement operation through its wholly owned subsidiary, TRG, for cash consideration of $24 million and established $10 million of contingent consideration. This acquisition resulted in goodwill of $20 million , title plant of $7 million , pendings of $5 million , trademarks of $3 million , other intangibles of $2 million , other assets of $6 million and other liabilities of $9 million . None of the 2016 acquisitions were significant to the Companys results of operations, financial position or cash flows individually or in