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Condensed Consolidating Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets | CONDENSED CONSOLIDATING BALANCE SHEETS June 30, 2017 (Unaudited)
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | — |  |  | $ | 32 |  |  | $ | — |  |  | $ | 32 |
Other current assets |  |  | 3 |  |  |  | 5 |  |  |  | 2,286 |  |  |  | — |  |  |  | 2,294 |
|  |  | 3 |  |  |  | 5 |  |  |  | 2,318 |  |  |  | — |  |  |  | 2,326 |
Property and equipment, net |  |  | — |  |  |  | — |  |  |  | 11,002 |  |  |  | — |  |  |  | 11,002 |
Investments in affiliates |  |  | 20,673 |  |  |  | 21,127 |  |  |  | — |  |  |  | (41,800 | ) |  |  | — |
Advances to affiliates |  |  | — |  |  |  | — |  |  |  | 13,791 |  |  |  | (13,791 | ) |  |  | — |
Other assets |  |  | 13 |  |  |  | 37 |  |  |  | 7,461 |  |  |  | — |  |  |  | 7,511 |
Total assets |  | $ | 20,689 |  |  | $ | 21,169 |  |  | $ | 34,572 |  |  | $ | (55,591 | ) |  | $ | 20,839 |
LIABILITIES AND EQUITY |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 250 |  |  | $ | — |  |  | $ | 140 |  |  | $ | — |  |  | $ | 390 |
Accounts payable and other current liabilities |  |  | 77 |  |  |  | 9 |  |  |  | 2,294 |  |  |  | — |  |  |  | 2,380 |
|  |  | 327 |  |  |  | 9 |  |  |  | 2,434 |  |  |  | — |  |  |  | 2,770 |
Long-term debt, less current portion |  |  | 6,075 |  |  |  | 304 |  |  |  | 2,288 |  |  |  | — |  |  |  | 8,667 |
Due to affiliates |  |  | 14,088 |  |  |  | 184 |  |  |  | 5,299 |  |  |  | (19,571 | ) |  |  | — |
Other liabilities |  |  | 12 |  |  |  | — |  |  |  | 3,883 |  |  |  | — |  |  |  | 3,895 |
Total liabilities |  |  | 20,502 |  |  |  | 497 |  |  |  | 13,904 |  |  |  | (19,571 | ) |  |  | 15,332 |
Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stockholders’ equity |  |  | 5,486 |  |  |  | 20,672 |  |  |  | 21,128 |  |  |  | (41,800 | ) |  |  | 5,486 |
Advances to affiliates |  |  | (5,299 | ) |  |  | — |  |  |  | (481 | ) |  |  | 5,780 |  |  |  | — |
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 21 |  |  |  | — |  |  |  | 21 |
|  |  | 187 |  |  |  | 20,672 |  |  |  | 20,668 |  |  |  | (36,020 | ) |  |  | 5,507 |
Total liabilities and equity |  | $ | 20,689 |  |  | $ | 21,169 |  |  | $ | 34,572 |  |  | $ | (55,591 | ) |  | $ | 20,839 |
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 | ) |  |  | — |
Advances 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 June 30, 2017 (Unaudited)
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Operating revenues |  | $ | — |  |  | $ | — |  |  | $ | 3,677 |  |  | $ | — |  |  | $ | 3,677 |
Costs and expenses |  |  | — |  |  |  | — |  |  |  | 3,004 |  |  |  | — |  |  |  | 3,004 |
Income from operations |  |  | — |  |  |  | — |  |  |  | 673 |  |  |  | — |  |  |  | 673 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | (74 | ) |  |  | (5 | ) |  |  | (11 | ) |  |  | — |  |  |  | (90 | )
Equity in earnings of subsidiaries, net of tax expense |  |  | 406 |  |  |  | 409 |  |  |  | — |  |  |  | (815 | ) |  |  | — |
Other, net |  |  | — |  |  |  | — |  |  |  | (13 | ) |  |  | — |  |  |  | (13 | )
|  |  | 332 |  |  |  | 404 |  |  |  | (24 | ) |  |  | (815 | ) |  |  | (103 | )
Income before income taxes |  |  | 332 |  |  |  | 404 |  |  |  | 649 |  |  |  | (815 | ) |  |  | 570 |
Income tax expense (benefit) |  |  | (30 | ) |  |  | (2 | ) |  |  | 241 |  |  |  | — |  |  |  | 209 |
Consolidated net income |  |  | 362 |  |  |  | 406 |  |  |  | 408 |  |  |  | (815 | ) |  |  | 361 |
Less: Net loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Net income attributable to Waste Management, Inc. |  | $ | 362 |  |  | $ | 406 |  |  | $ | 409 |  |  | $ | (815 | ) |  | $ | 362 |
Three Months Ended June 30, 2016 (Unaudited)
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Operating revenues |  | $ | — |  |  | $ | — |  |  | $ | 3,425 |  |  | $ | — |  |  | $ | 3,425 |
Costs and expenses |  |  | — |  |  |  | — |  |  |  | 2,814 |  |  |  | — |  |  |  | 2,814 |
Income from operations |  |  | — |  |  |  | — |  |  |  | 611 |  |  |  | — |  |  |  | 611 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | (76 | ) |  |  | (5 | ) |  |  | (12 | ) |  |  | — |  |  |  | (93 | )
Equity in earnings of subsidiaries, net of tax expense |  |  | 333 |  |  |  | 336 |  |  |  | — |  |  |  | (669 | ) |  |  | — |
Other, net |  |  | — |  |  |  | — |  |  |  | (59 | ) |  |  | — |  |  |  | (59 | )
|  |  | 257 |  |  |  | 331 |  |  |  | (71 | ) |  |  | (669 | ) |  |  | (152 | )
Income before income taxes |  |  | 257 |  |  |  | 331 |  |  |  | 540 |  |  |  | (669 | ) |  |  | 459 |
Income tax expense (benefit) |  |  | (30 | ) |  |  | (2 | ) |  |  | 205 |  |  |  | — |  |  |  | 173 |
Consolidated net income |  |  | 287 |  |  |  | 333 |  |  |  | 335 |  |  |  | (669 | ) |  |  | 286 |
Less: Net loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Net income attributable to Waste Management, Inc. |  | $ | 287 |  |  | $ | 333 |  |  | $ | 336 |  |  | $ | (669 | ) |  | $ | 287 |
Six Months Ended June 30, 2017 (Unaudited)
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Operating revenues |  | $ | — |  |  | $ | — |  |  | $ | 7,117 |  |  | $ | — |  |  | $ | 7,117 |
Costs and expenses |  |  | — |  |  |  | — |  |  |  | 5,886 |  |  |  | — |  |  |  | 5,886 |
Income from operations |  |  | — |  |  |  | — |  |  |  | 1,231 |  |  |  | — |  |  |  | 1,231 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | (148 | ) |  |  | (10 | ) |  |  | (24 | ) |  |  | — |  |  |  | (182 | )
Equity in earnings of subsidiaries, net of tax expense |  |  | 749 |  |  |  | 755 |  |  |  | — |  |  |  | (1,504 | ) |  |  | — |
Other, net |  |  | — |  |  |  | — |  |  |  | (45 | ) |  |  | — |  |  |  | (45 | )
|  |  | 601 |  |  |  | 745 |  |  |  | (69 | ) |  |  | (1,504 | ) |  |  | (227 | )
Income before income taxes |  |  | 601 |  |  |  | 745 |  |  |  | 1,162 |  |  |  | (1,504 | ) |  |  | 1,004 |
Income tax expense (benefit) |  |  | (59 | ) |  |  | (4 | ) |  |  | 409 |  |  |  | — |  |  |  | 346 |
Consolidated net income |  |  | 660 |  |  |  | 749 |  |  |  | 753 |  |  |  | (1,504 | ) |  |  | 658 |
Less: Net loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (2 | )
Net income attributable to Waste Management, Inc. |  | $ | 660 |  |  | $ | 749 |  |  | $ | 755 |  |  | $ | (1,504 | ) |  | $ | 660 |
Six Months Ended June 30, 2016 (Unaudited)
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Operating revenues |  | $ | — |  |  | $ | — |  |  | $ | 6,601 |  |  | $ | — |  |  | $ | 6,601 |
Costs and expenses |  |  | — |  |  |  | — |  |  |  | 5,482 |  |  |  | — |  |  |  | 5,482 |
Income from operations |  |  | — |  |  |  | — |  |  |  | 1,119 |  |  |  | — |  |  |  | 1,119 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | (150 | ) |  |  | (10 | ) |  |  | (28 | ) |  |  | — |  |  |  | (188 | )
Equity in earnings of subsidiaries, net of tax expense |  |  | 637 |  |  |  | 643 |  |  |  | — |  |  |  | (1,280 | ) |  |  | — |
Other, net |  |  | (1 | ) |  |  | — |  |  |  | (75 | ) |  |  | — |  |  |  | (76 | )
|  |  | 486 |  |  |  | 633 |  |  |  | (103 | ) |  |  | (1,280 | ) |  |  | (264 | )
Income before income taxes |  |  | 486 |  |  |  | 633 |  |  |  | 1,016 |  |  |  | (1,280 | ) |  |  | 855 |
Income tax expense (benefit) |  |  | (59 | ) |  |  | (4 | ) |  |  | 376 |  |  |  | — |  |  |  | 313 |
Consolidated net income |  |  | 545 |  |  |  | 637 |  |  |  | 640 |  |  |  | (1,280 | ) |  |  | 542 |
Less: Net loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (3 | ) |  |  | — |  |  |  | (3 | )
Net income attributable to Waste Management, Inc. |  | $ | 545 |  |  | $ | 637 |  |  | $ | 643 |  |  | $ | (1,280 | ) |  | $ | 545 |
Condensed Consolidating Statements of Comprehensive Income | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Three Months Ended June 30: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Comprehensive income |  | $ | 364 |  |  | $ | 406 |  |  | $ | 439 |  |  | $ | (815 | ) |  | $ | 394 |
Less: Comprehensive loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Comprehensive income attributable to Waste Management, Inc. |  | $ | 364 |  |  | $ | 406 |  |  | $ | 440 |  |  | $ | (815 | ) |  | $ | 395 |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Comprehensive income |  | $ | 289 |  |  | $ | 333 |  |  | $ | 342 |  |  | $ | (669 | ) |  | $ | 295 |
Less: Comprehensive loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Comprehensive income attributable to Waste Management, Inc. |  | $ | 289 |  |  | $ | 333 |  |  | $ | 343 |  |  | $ | (669 | ) |  | $ | 296 |
|  | WM |  |  | WM Holdings |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Six Months Ended June 30: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Comprehensive income |  | $ | 664 |  |  | $ | 749 |  |  | $ | 796 |  |  | $ | (1,504 | ) |  | $ | 705 |
Less: Comprehensive loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (2 | )
Comprehensive income attributable to Waste Management, Inc. |  | $ | 664 |  |  | $ | 749 |  |  | $ | 798 |  |  | $ | (1,504 | ) |  | $ | 707 |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Comprehensive income |  | $ | 549 |  |  | $ | 637 |  |  | $ | 714 |  |  | $ | (1,280 | ) |  | $ | 620 |
Less: Comprehensive loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (3 | ) |  |  | — |  |  |  | (3 | )
Comprehensive income attributable to Waste Management, Inc. |  | $ | 549 |  |  | $ | 637 |  |  | $ | 717 |  |  | $ | (1,280 | ) |  | $ | 623 |
Condensed Consolidating Statements of Cash Flows | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2017 (Unaudited)
|  | WM(a) |  |  | WM Holdings(a) |  |  | Non-Guarantor Subsidiaries(a) |  |  | Eliminations |  |  | Consolidated |
Cash flows provided by (used in): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating activities |  | $ | — |  |  | $ | — |  |  | $ | 1,534 |  |  | $ | — |  |  | $ | 1,534 |
Investing activities |  |  | — |  |  |  | — |  |  |  | (677 | ) |  |  | — |  |  |  | (677 | )
Financing activities |  |  | — |  |  |  | — |  |  |  | (857 | ) |  |  | — |  |  |  | (857 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Intercompany activity |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Increase (decrease) in cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents at beginning of period |  |  | — |  |  |  | — |  |  |  | 32 |  |  |  | — |  |  |  | 32 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | — |  |  | $ | 32 |  |  | $ | — |  |  | $ | 32 |
Six Months Ended June 30, 2016 (Unaudited)
|  | WM(a) |  |  | WM Holdings(a) |  |  | Non-Guarantor Subsidiaries(a) |  |  | Eliminations |  |  | Consolidated |
Cash flows provided by (used in): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating activities |  | $ | — |  |  | $ | — |  |  | $ | 1,494 |  |  | $ | — |  |  | $ | 1,494 |
Investing activities |  |  | — |  |  |  | — |  |  |  | (1,186 | ) |  |  | — |  |  |  | (1,186 | )
Financing activities |  |  | — |  |  |  | — |  |  |  | (309 | ) |  |  | — |  |  |  | (309 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |
Intercompany activity |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Increase (decrease) in cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents at beginning of period |  |  | — |  |  |  | — |  |  |  | 39 |  |  |  | — |  |  |  | 39 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | — |  |  | $ | 39 |  |  | $ | — |  |  | $ | 39 |
(a) | 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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