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Landfill and Environmental Remediation Liabilities
3 Months Ended
Mar. 31, 2016
Text Block [Abstract]  
Landfill and Environmental Remediation Liabilities
2. Landfill and Environmental Remediation Liabilities

Liabilities for landfill and environmental remediation costs are presented in the table below (in millions):

 

     March 31, 2016      December 31, 2015  
     Landfill      Environmental
Remediation
     Total      Landfill      Environmental
Remediation
     Total  

Current (in accrued liabilities)

   $ 110       $ 32       $ 142       $ 112       $ 31       $ 143   

Long-term

     1,431         175         1,606         1,406         178         1,584   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,541       $ 207       $ 1,748       $ 1,518       $ 209       $ 1,727   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

The changes to landfill and environmental remediation liabilities for the three months ended March 31, 2016 are reflected in the table below (in millions):

 

     Landfill      Environmental
Remediation
 

December 31, 2015

   $ 1,518       $ 209   

Obligations incurred and capitalized

     13           

Obligations settled

     (15      (5

Interest accretion

     22         1   

Revisions in estimates and interest rate assumptions

     (1      2   

Acquisitions, divestitures and other adjustments

     4           
  

 

 

    

 

 

 

March 31, 2016

   $ 1,541       $ 207   
  

 

 

    

 

 

 

At several of our landfills, we provide financial assurance by depositing cash into restricted trust funds or escrow accounts for purposes of settling final capping, closure, post-closure and environmental remediation obligations. Generally, these trust funds are established to comply with statutory requirements and operating agreements. See Note 14 for additional information related to these trusts.