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Accumulated Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)

The changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, which is included as a component of Waste Management, Inc. stockholders’ equity, are as follows (in millions, with amounts in parentheses representing decreases to accumulated other comprehensive income):

 

     Derivative
Instruments		     Available-
for-Sale
Securities		      Foreign
Currency
Translation
Adjustments		     Post-
Retirement
Benefit
Plans		     Total  

Balance, December 31, 2015

    $ (52 )    $ 8       $ (75 )    $ (8 )    $ (127 ) 

Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $(4), $0, $0 and $0, respectively

      (7 )      1         61        —        55   

Amounts reclassified from accumulated other comprehensive income, net of tax (expense) benefit of 9, $0, $0 and $0, respectively

      14        —         —        —        14   
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net current period other comprehensive income (loss)

      7        1         61        —        69   
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Balance, March 31, 2016

    $ (45 )    $ 9       $ (14 )    $ (8 )    $ (58 ) 
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  
Other Comprehensive Income (Loss) Before Reclassifications Associated with the Effective Portion of Derivatives Designated as Cash Flow Hedges

The amounts of other comprehensive income (loss) before reclassifications associated with the effective portion of derivatives designated as cash flow hedges are as follows (in millions):

 

     Three Months Ended March 31,  
     2016      2015  

Foreign currency derivatives

    $ (11 )     $ 24   

Tax (expense) benefit

      4         (9 ) 
  

 

 

     

 

 

  

Net of tax

    $ (7 )     $ 15   
  

 

 

     

 

 

  
Reclassification of Component of Accumulated Other Comprehensive Income (Loss)

The significant amounts reclassified out of each component of accumulated other comprehensive income (loss) are as follows (in millions, with amounts in parentheses representing debits to the statement of operations classification):

 

     Three Months Ended March 31,      Statement of
Operations Classification
     2016      2015     

Gains and losses on cash flow hedges:

         

Forward-starting interest rate swaps

    $ (3 )     $ (3 )     Interest expense, net

Treasury rate locks

      —           (3 )     Interest expense, net

Foreign currency derivatives

      (20 )       26       Other, net
  

 

 

     

 

 

     
     (23 )       20       Total before tax
     9         (8 )     Tax (expense) benefit
  

 

 

     

 

 

     

Total reclassifications for the period

    $ (14 )     $ 12       Net of tax