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Divestitures, Asset Impairments and Unusual Items
3 Months Ended
Mar. 31, 2021
Divestitures, Asset Impairments and Unusual Items  
Divestitures, Asset Impairments and Unusual Items

9.  Divestitures, Asset Impairments and Unusual Items

(Gain) Loss from Divestitures, Asset Impairments and Unusual Items, Net

During the first quarter of 2021, we recognized net charges of $17 million consisting of charges for (i) a $19 million charge pertaining to reserves for loss contingencies in our Corporate and Other segment and (ii) $6 million of asset impairment charges primarily related to our WM Renewable Energy business within our Other Segment; which were partially offset by an $8 million gain from divestitures of certain ancillary operations in our Other segment.

Equity in Net Losses of Unconsolidated Entities

During the first quarter of 2020, we recorded a non-cash impairment charge of $7 million related to our investment in a refined coal facility which is discussed further in Note 4. The fair value of our investment was not readily determinable; thus, we determined the fair value using management assumptions pertaining to investment value (Level 3).