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Accumulated Other Comprehensive Income (Loss) | 6 Months Ended
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Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) |
Accumulated Other Comprehensive Income (Loss) | 10. Accumulated Other Comprehensive Income (Loss) 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(a) |  | Obligations |  | Total
December 31, 2019 | ​ | $ | (24) | ​ | $ | 38 | ​ | $ | (21) | ​ | $ | (1) | ​ | $ | (8)
Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $0, $2, $0 and $0, respectively | ​ |  | 1 | ​ |  | 5 | ​ |  | (42) | ​ |  | — | ​ |  | (36)
Amounts reclassified from accumulated other comprehensive (income) loss, net of tax (expense) benefit of $1, $0, $0 and $0, respectively | ​ |  | 4 | ​ |  | — | ​ |  | — | ​ |  | (1) | ​ |  | 3
Net current period other comprehensive income (loss) | ​ |  | 5 | ​ |  | 5 | ​ |  | (42) | ​ |  | (1) | ​ |  | (33)
June 30, 2020 | ​ | $ | (19) | ​ | $ | 43 | ​ | $ | (63) | ​ | $ | (2) | ​ | $ | (41)
(a) | Foreign currency translation adjustments were impacted by a decrease in the Canadian/U.S. dollar exchange rate from 0.7698 at December 31, 2019 to 0.7366 at June 30, 2020.
We had interest rate derivatives outstanding during the first half of 2020, which were classified as a cash flow hedges and are discussed further in Note 3. In June 2020, we terminated these treasury rate locks and received $1 million in cash. We are now evaluating a potential debt issuance to occur during the second half of the year, subject to market conditions and other considerations. As we currently believe that a debt issuance in 2020 is still probable to occur, the gain associated with these treasury rate locks has been deferred as a component of “Accumulated other comprehensive income” and will be amortized to interest expense over the debt term once the issuance occurs. We had no active derivatives outstanding during 2019. Amounts reclassified out of accumulated other comprehensive income (loss) associated with our previously terminated cash flow hedges were not material for the periods presented.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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