Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

The allocation of the purchase price for the SWS acquisition is preliminary and subject to change based on the finalization of our detailed valuations. The following table presents the final allocation of the purchase price for Deffenbaugh and the acquisition date allocation of the purchase price for SWS (in millions):


	Deffenbaugh			SWS
Cash and cash equivalents	$	15		$	—
Accounts and other receivables		22			—
Parts and supplies		2			—
Deferred income tax asset		11			—
Other current assets		10			—
Property and equipment		207			93
Goodwill		159			250
Other intangible assets		100			182
Other assets		1			—
Accounts payable		(2	)		—
Accrued liabilities		(20	)		—
Deferred revenues		(6	)		—
Landfill and environmental remediation liabilities		(18	)		—
Deferred income tax liability		(52	)		—
Other liabilities		(14	)		—

Total purchase price	$	415		$	525

Schedule of Final and Preliminary Allocations of Purchase Price

The following table presents the final and preliminary allocations of the purchase price for Deffenbaugh and SWS, respectively, to other intangible assets (amounts in millions, except for amortization periods):


	Deffenbaugh				SWS
	Amount		Weighted Average Amortization Periods (in Years)		Amount		Weighted Average Amortization Periods (in Years)
Customer relationships	$	94		15.0	$	160		10.0
Noncompete agreements		—		—		18		5.0
Trade name		6		15.0		4		10.0

Total other intangible assets subject to amortization	$	100		15.0	$	182		9.5

Pro Forma Consolidated Results of Operations

The following pro forma consolidated results of operations have been prepared as if the acquisitions of Deffenbaugh and SWS occurred at January 1, 2015 (in millions, except per share amounts):


	Three Months Ended March 31,
	2016		2015
Operating revenues	$	3,178	$	3,111
Net income (loss) attributable to Waste Management, Inc.		258		(130	)
Basic earnings (loss) per common share		0.58		(0.28	)
Diluted earnings (loss) per common share		0.58		(0.28	)