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Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss)  
Components of Accumulated Other Comprehensive Income (Loss), net of tax

The changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, which is included as a component of Waste Management, Inc. stockholders’ equity, are as follows (in millions, with amounts in parentheses representing decreases to accumulated other comprehensive income):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

Post-

 

 

 

 

 

 

 

 

Available-

 

Currency

 

Retirement

 

 

 

 

 

Derivative

 

for-Sale

 

Translation

 

Benefit

 

 

 

 

    

Instruments

    

Securities

    

Adjustments

    

Obligations

    

Total

Balance, December 31, 2015

 

$

(52)

 

$

 8

 

$

(75)

 

$

(8)

 

$

(127)

Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $(4),  $3,  $0 and $0, respectively

 

 

(7)

 

 

 5

 

 

26

 

 

 —

 

 

24

Amounts reclassified from accumulated other comprehensive (income) loss, net of tax (expense) benefit of $12,  $0,  $0 and $1, respectively

 

 

19

 

 

 —

 

 

 2

 

 

 2

 

 

23

Net current period other comprehensive income (loss)

 

 

12

 

 

 5

 

 

28

 

 

 2

 

 

47

Balance, December 31, 2016

 

$

(40)

 

$

13

 

$

(47)

 

$

(6)

 

$

(80)

Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $0,  $2,  $0 and $1, respectively

 

 

 —

 

 

 3

 

 

76

 

 

 3

 

 

82

Amounts reclassified from accumulated other comprehensive (income) loss, net of tax (expense) benefit of $5,  $(1),  $0 and $0, respectively

 

 

 7

 

 

(1)

 

 

 —

 

 

 —

 

 

 6

Net current period other comprehensive income (loss)

 

 

 7

 

 

 2

 

 

76

 

 

 3

 

 

88

Balance, December 31, 2017

 

$

(33)

 

$

15

 

$

29

 

$

(3)

 

$

 8

Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $0,  $2,  $0 and $1, respectively

 

 

 —

 

 

 5

 

 

(105)

 

 

 2

 

 

(98)

Amounts reclassified from accumulated other comprehensive (income) loss, net of tax (expense) benefit of $3,  $0,  $0 and $0, respectively

 

 

 8

 

 

 —

 

 

 —

 

 

 —

 

 

 8

Net current period other comprehensive income (loss)

 

 

 8

 

 

 5

 

 

(105)

 

 

 2

 

 

(90)

Adoption of new accounting standard (a)

 

 

(7)

 

 

 3

 

 

 —

 

 

(1)

 

 

(5)

Balance, December 31, 2018

 

$

(32)

 

$

23

 

$

(76)

 

$

(2)

 

$

(87)

As of January 1, 2018, we adopted ASU 2018‑02 and reclassified stranded tax effects to retained earnings. See Note 2 for further discussion of ASU 2018-02.

Reclassification of Component of Accumulated Other Comprehensive Income (Loss) Associated with Cash Flow Hedges

The significant amounts reclassified out of each component of accumulated other comprehensive income (loss) associated with our previously terminated cash flow hedges for the years ended December 31 are as follows (in millions, with amounts in parentheses representing debits to the statement of operations classification):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of

 

    

2018

    

2017

    

2016

    

Operations Classification

Forward-starting interest rate swaps

 

$

(10)

 

$

(11)

 

$

(10)

 

Interest expense, net

Treasury rate locks

 

 

(1)

 

 

(1)

 

 

(1)

 

Interest expense, net

Foreign currency derivatives

 

 

 —

 

 

 —

 

 

(20)

 

Other, net

 

 

 

(11)

 

 

(12)

 

 

(31)

 

Total before tax

 

 

 

 3

 

 

 5

 

 

12

 

Tax (expense) benefit

Total reclassifications for the period

 

$

(8)

 

$

(7)

 

$

(19)

 

Net of tax