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Condensed Consolidating Financial Statements (Tables) | 3 Months Ended
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Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets | CONDENSED CONSOLIDATING BALANCE SHEETS March 31, 2017 (Unaudited)
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | — |  |  | $ | 30 |  |  | $ | — |  |  | $ | 30 |
Other current assets |  |  | 4 |  |  |  | 5 |  |  |  | 2,184 |  |  |  | — |  |  |  | 2,193 |
|  |  | 4 |  |  |  | 5 |  |  |  | 2,214 |  |  |  | — |  |  |  | 2,223 |
Property and equipment, net |  |  | — |  |  |  | — |  |  |  | 10,929 |  |  |  | — |  |  |  | 10,929 |
Investments in affiliates |  |  | 20,267 |  |  |  | 20,686 |  |  |  | — |  |  |  | (40,953 | ) |  |  | — |
Advances to affiliates |  |  | — |  |  |  | — |  |  |  | 13,389 |  |  |  | (13,389 | ) |  |  | — |
Other assets |  |  | 14 |  |  |  | 36 |  |  |  | 7,448 |  |  |  | — |  |  |  | 7,498 |
Total assets |  | $ | 20,285 |  |  | $ | 20,727 |  |  | $ | 33,980 |  |  | $ | (54,342 | ) |  | $ | 20,650 |
LIABILITIES AND EQUITY |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 255 |  |  | $ | — |  |  | $ | 141 |  |  | $ | — |  |  | $ | 396 |
Accounts payable and other current liabilities |  |  | 61 |  |  |  | 4 |  |  |  | 2,097 |  |  |  | — |  |  |  | 2,162 |
|  |  | 316 |  |  |  | 4 |  |  |  | 2,238 |  |  |  | — |  |  |  | 2,558 |
Long-term debt, less current portion |  |  | 6,027 |  |  |  | 304 |  |  |  | 2,315 |  |  |  | — |  |  |  | 8,646 |
Due to affiliates |  |  | 13,712 |  |  |  | 153 |  |  |  | 5,299 |  |  |  | (19,164 | ) |  |  | — |
Other liabilities |  |  | 12 |  |  |  | — |  |  |  | 3,896 |  |  |  | — |  |  |  | 3,908 |
Total liabilities |  |  | 20,067 |  |  |  | 461 |  |  |  | 13,748 |  |  |  | (19,164 | ) |  |  | 15,112 |
Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stockholders’ equity |  |  | 5,517 |  |  |  | 20,266 |  |  |  | 20,687 |  |  |  | (40,953 | ) |  |  | 5,517 |
Advances to affiliates |  |  | (5,299 | ) |  |  | — |  |  |  | (476 | ) |  |  | 5,775 |  |  |  | — |
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 21 |  |  |  | — |  |  |  | 21 |
|  |  | 218 |  |  |  | 20,266 |  |  |  | 20,232 |  |  |  | (35,178 | ) |  |  | 5,538 |
Total liabilities and equity |  | $ | 20,285 |  |  | $ | 20,727 |  |  | $ | 33,980 |  |  | $ | (54,342 | ) |  | $ | 20,650 |
CONDENSED CONSOLIDATING BALANCE SHEETS (Continued) December 31, 2016
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | — |  |  | $ | 32 |  |  | $ | — |  |  | $ | 32 |
Other current assets |  |  | 5 |  |  |  | 5 |  |  |  | 2,334 |  |  |  | — |  |  |  | 2,344 |
|  |  | 5 |  |  |  | 5 |  |  |  | 2,366 |  |  |  | — |  |  |  | 2,376 |
Property and equipment, net |  |  | — |  |  |  | — |  |  |  | 10,950 |  |  |  | — |  |  |  | 10,950 |
Investments in affiliates |  |  | 19,924 |  |  |  | 20,331 |  |  |  | — |  |  |  | (40,255 | ) |  |  | — |
Investments to affiliates |  |  | — |  |  |  | — |  |  |  | 13,000 |  |  |  | (13,000 | ) |  |  | — |
Other assets |  |  | 14 |  |  |  | 30 |  |  |  | 7,489 |  |  |  | — |  |  |  | 7,533 |
Total assets |  | $ | 19,943 |  |  | $ | 20,366 |  |  | $ | 33,805 |  |  | $ | (53,255 | ) |  | $ | 20,859 |
LIABILITIES AND EQUITY |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 269 |  |  | $ | — |  |  | $ | 148 |  |  | $ | — |  |  | $ | 417 |
Accounts payable and other current liabilities |  |  | 81 |  |  |  | 9 |  |  |  | 2,287 |  |  |  | — |  |  |  | 2,377 |
|  |  | 350 |  |  |  | 9 |  |  |  | 2,435 |  |  |  | — |  |  |  | 2,794 |
Long-term debt, less current portion |  |  | 6,229 |  |  |  | 304 |  |  |  | 2,360 |  |  |  | — |  |  |  | 8,893 |
Due to affiliates |  |  | 13,350 |  |  |  | 128 |  |  |  | 5,299 |  |  |  | (18,777 | ) |  |  | — |
Other liabilities |  |  | 16 |  |  |  | — |  |  |  | 3,836 |  |  |  | — |  |  |  | 3,852 |
Total liabilities |  |  | 19,945 |  |  |  | 441 |  |  |  | 13,930 |  |  |  | (18,777 | ) |  |  | 15,539 |
Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stockholders’ equity |  |  | 5,297 |  |  |  | 19,925 |  |  |  | 20,330 |  |  |  | (40,255 | ) |  |  | 5,297 |
Advances to affiliates |  |  | (5,299 | ) |  |  | — |  |  |  | (478 | ) |  |  | 5,777 |  |  |  | — |
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 23 |  |  |  | — |  |  |  | 23 |
|  |  | (2 | ) |  |  | 19,925 |  |  |  | 19,875 |  |  |  | (34,478 | ) |  |  | 5,320 |
Total liabilities and equity |  | $ | 19,943 |  |  | $ | 20,366 |  |  | $ | 33,805 |  |  | $ | (53,255 | ) |  | $ | 20,859 |
Condensed Consolidating Statements of Operations | CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended March 31, 2017 (Unaudited)
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Operating revenues |  | $ | — |  |  | $ | — |  |  | $ | 3,440 |  |  | $ | — |  |  | $ | 3,440 |
Costs and expenses |  |  | — |  |  |  | — |  |  |  | 2,882 |  |  |  | — |  |  |  | 2,882 |
Income from operations |  |  | — |  |  |  | — |  |  |  | 558 |  |  |  | — |  |  |  | 558 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | (74 | ) |  |  | (5 | ) |  |  | (13 | ) |  |  | — |  |  |  | (92 | )
Equity in earnings of subsidiaries, net of tax expense |  |  | 343 |  |  |  | 346 |  |  |  | — |  |  |  | (689 | ) |  |  | — |
Other, net |  |  | — |  |  |  | — |  |  |  | (32 | ) |  |  | — |  |  |  | (32 | )
|  |  | 269 |  |  |  | 341 |  |  |  | (45 | ) |  |  | (689 | ) |  |  | (124 | )
Income before income taxes |  |  | 269 |  |  |  | 341 |  |  |  | 513 |  |  |  | (689 | ) |  |  | 434 |
Income tax expense (benefit) |  |  | (29 | ) |  |  | (2 | ) |  |  | 168 |  |  |  | — |  |  |  | 137 |
Consolidated net income |  |  | 298 |  |  |  | 343 |  |  |  | 345 |  |  |  | (689 | ) |  |  | 297 |
Less: Net loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Net income attributable to Waste Management, Inc. |  | $ | 298 |  |  | $ | 343 |  |  | $ | 346 |  |  | $ | (689 | ) |  | $ | 298 |
Three Months Ended March 31, 2016 (Unaudited)
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Operating revenues |  | $ | — |  |  | $ | — |  |  | $ | 3,176 |  |  | $ | — |  |  | $ | 3,176 |
Costs and expenses |  |  | — |  |  |  | — |  |  |  | 2,668 |  |  |  | — |  |  |  | 2,668 |
Income from operations |  |  | — |  |  |  | — |  |  |  | 508 |  |  |  | — |  |  |  | 508 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | (74 | ) |  |  | (5 | ) |  |  | (16 | ) |  |  | — |  |  |  | (95 | )
Equity in earnings of subsidiaries, net of tax expense |  |  | 304 |  |  |  | 307 |  |  |  | — |  |  |  | (611 | ) |  |  | — |
Other, net |  |  | (1 | ) |  |  | — |  |  |  | (16 | ) |  |  | — |  |  |  | (17 | )
|  |  | 229 |  |  |  | 302 |  |  |  | (32 | ) |  |  | (611 | ) |  |  | (112 | )
Income before income taxes |  |  | 229 |  |  |  | 302 |  |  |  | 476 |  |  |  | (611 | ) |  |  | 396 |
Income tax expense (benefit) |  |  | (29 | ) |  |  | (2 | ) |  |  | 171 |  |  |  | — |  |  |  | 140 |
Consolidated net income |  |  | 258 |  |  |  | 304 |  |  |  | 305 |  |  |  | (611 | ) |  |  | 256 |
Less: Net loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (2 | )
Net income attributable to Waste Management, Inc. |  | $ | 258 |  |  | $ | 304 |  |  | $ | 307 |  |  | $ | (611 | ) |  | $ | 258 |
Condensed Consolidating Statements of Comprehensive Income | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Three Months Ended March 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Comprehensive income |  | $ | 300 |  |  | $ | 343 |  |  | $ | 357 |  |  | $ | (689 | ) |  | $ | 311 |
Less: Comprehensive loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Comprehensive income attributable to Waste Management, Inc. |  | $ | 300 |  |  | $ | 343 |  |  | $ | 358 |  |  | $ | (689 | ) |  | $ | 312 |
Three Months Ended March 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Comprehensive income |  | $ | 260 |  |  | $ | 304 |  |  | $ | 372 |  |  | $ | (611 | ) |  | $ | 325 |
Less: Comprehensive loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (2 | )
Comprehensive income attributable to Waste Management, Inc. |  | $ | 260 |  |  | $ | 304 |  |  | $ | 374 |  |  | $ | (611 | ) |  | $ | 327 |
Condensed Consolidating Statements of Cash Flows | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Three Months Ended March 31, 2017 (Unaudited)
|  | WM(a) |  |  | WM Holdings(a) |  |  | Non-Guarantor Subsidiaries(a) |  |  | Eliminations |  |  | Consolidated |
Cash flows provided by (used in): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating activities |  | $ | — |  |  | $ | — |  |  | $ | 721 |  |  | $ | — |  |  | $ | 721 |
Investing activities |  |  | — |  |  |  | — |  |  |  | (340 | ) |  |  | — |  |  |  | (340 | )
Financing activities |  |  | — |  |  |  | — |  |  |  | (383 | ) |  |  | — |  |  |  | (383 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Intercompany activity |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Increase (decrease) in cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (2 | )
Cash and cash equivalents at beginning of period |  |  | — |  |  |  | — |  |  |  | 32 |  |  |  | — |  |  |  | 32 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | — |  |  | $ | 30 |  |  | $ | — |  |  | $ | 30 |
(a) | Cash receipts and payments of WM and WM Holdings are transacted by Non-Guarantor Subsidiaries.
Three Months Ended March 31, 2016 (Unaudited)
|  | WM(b) |  |  | WM Holdings(b) |  |  | Non-Guarantor Subsidiaries(b) |  |  | Eliminations |  |  | Consolidated |
Cash flows provided by (used in): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating activities |  | $ | — |  |  | $ | — |  |  | $ | 732 |  |  | $ | — |  |  | $ | 732 |
Investing activities |  |  | — |  |  |  | — |  |  |  | (847 | ) |  |  | — |  |  |  | (847 | )
Financing activities |  |  | — |  |  |  | — |  |  |  | 180 |  |  |  | — |  |  |  | 180 |
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Intercompany activity |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Increase (decrease) in cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | 65 |  |  |  | — |  |  |  | 65 |
Cash and cash equivalents at beginning of period |  |  | — |  |  |  | — |  |  |  | 39 |  |  |  | — |  |  |  | 39 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | — |  |  | $ | 104 |  |  | $ | — |  |  | $ | 104 |
(b) | Cash receipts and payments of WM and WM Holdings are transacted by Non-Guarantor Subsidiaries. We have revised the prior year presentation to reflect all relevant cash flow activities in the Non-Guarantor Subsidiaries column.

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e526-108580 + Details
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