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Landfill and Environmental Remediation Liabilities
6 Months Ended
Jun. 30, 2017
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):

 

     June 30, 2017      December 31, 2016  
     Landfill      Environmental
Remediation
     Total      Landfill      Environmental
Remediation
     Total  

Current (in accrued liabilities)

   $ 138      $ 26      $ 164      $ 119      $ 28      $ 147  

Long-term

     1,493        219        1,712        1,457        218        1,675  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,631      $ 245      $ 1,876      $ 1,576      $ 246      $ 1,822  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

The changes to landfill and environmental remediation liabilities for the six months ended June 30, 2017 are reflected in the table below (in millions):

 

     Landfill      Environmental
Remediation
 

December 31, 2016

   $ 1,576      $ 246  

Obligations incurred and capitalized

     33         

Obligations settled

     (38      (10

Interest accretion

     45        2  

Revisions in estimates and interest rate assumptions

     13        7  

Acquisitions, divestitures and other adjustments

     2         
  

 

 

    

 

 

 

June 30, 2017

   $ 1,631      $ 245  
  

 

 

    

 

 

 

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 13 for additional information related to these trusts.