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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |  |  |  |
Operating revenues | $ 3,739 | $ 3,677 | $ 7,250 | $ 7,117
Costs and expenses: |  |  |  |
Operating | 2,313 | 2,290 | 4,497 | 4,456
Selling, general and administrative | 365 | 353 | 738 | 743
Depreciation and amortization | 384 | 356 | 731 | 684
Restructuring | 1 | 1 | 3 | 2
(Gain) loss from divestitures, asset impairments and unusual items, net | (39) | 4 | (42) | 1
Total costs and expenses | 3,024 | 3,004 | 5,927 | 5,886
Income from operations | 715 | 673 | 1,323 | 1,231
Other income (expense): |  |  |  |
Interest expense, net | (93) | (90) | (184) | (182)
Equity in net losses of unconsolidated entities | (13) | (13) | (20) | (45)
Other, net |  |  | 1 |
Total other income (expense) | (106) | (103) | (203) | (227)
Income before income taxes | 609 | 570 | 1,120 | 1,004
Income tax expense | 110 | 209 | 226 | 346
Consolidated net income | 499 | 361 | 894 | 658
Less: Net loss attributable to noncontrolling interests |  | (1) | (1) | (2)
Net income attributable to Waste Management, Inc. | $ 499 | $ 362 | $ 895 | $ 660
Basic earnings per common share | $ 1.16 | $ 0.82 | $ 2.07 | $ 1.49
Diluted earnings per common share | 1.15 | 0.81 | 2.06 | 1.49
Cash dividends declared per common share | $ 0.465 | $ 0.425 | $ 0.93 | $ 0.85

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