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Segment and Related Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment and Related Information |
Reportable Segments | Summarized financial information concerning our reportable segments for the three months ended March 31 is shown in the following table (in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Intercompany | ​ | Net | ​ | Income
​ | ​ | Operating | ​ | Operating | ​ | Operating | ​ | from
​ |  | Revenues |  | Revenues(a) |  | Revenues |  | Operations(b)
2024 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Collection and Disposal: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
East Tier | ​ | $ | 2,616 | ​ | $ | (535) | ​ | $ | 2,081 | ​ | $ | 654
West Tier | ​ | ​ | 2,497 | ​ | ​ | (504) | ​ | ​ | 1,993 | ​ | ​ | 627
Other Ancillary | ​ |  | 686 | ​ |  | (44) | ​ |  | 642 | ​ |  | (2)
Collection and Disposal | ​ |  | 5,799 | ​ |  | (1,083) | ​ |  | 4,716 | ​ |  | 1,279
Recycling Processing and Sales | ​ |  | 436 | ​ |  | (68) | ​ |  | 368 | ​ |  | 19
WM Renewable Energy | ​ | ​ | 70 | ​ | ​ | (1) | ​ | ​ | 69 | ​ | ​ | 21
Corporate and Other | ​ |  | 12 | ​ |  | (6) | ​ |  | 6 | ​ |  | (303)
Total | ​ | $ | 6,317 | ​ | $ | (1,158) | ​ | $ | 5,159 | ​ | $ | 1,016
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Collection and Disposal: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
East Tier | ​ | $ | 2,561 | ​ | $ | (516) | ​ | $ | 2,045 | ​ | $ | 531
West Tier | ​ | ​ | 2,392 | ​ | ​ | (495) | ​ | ​ | 1,897 | ​ | ​ | 531
Other Ancillary | ​ |  | 625 | ​ |  | (44) | ​ |  | 581 | ​ |  | 2
Collection and Disposal | ​ |  | 5,578 | ​ |  | (1,055) | ​ |  | 4,523 | ​ |  | 1,064
Recycling Processing and Sales | ​ |  | 374 | ​ |  | (80) | ​ |  | 294 | ​ |  | 13
WM Renewable Energy | ​ |  | 70 | ​ | ​ | (1) | ​ | ​ | 69 | ​ | ​ | 20
Corporate and Other | ​ |  | 12 | ​ |  | (6) | ​ |  | 6 | ​ |  | (272)
Total | ​ | $ | 6,034 | ​ | $ | (1,142) | ​ | $ | 4,892 | ​ | $ | 825
(a) | Intercompany operating revenues reflect each segment’s total intercompany sales, including intercompany sales within a segment and between segments. Transactions within and between segments are generally made on a basis intended to reflect the market value of the service.
(b) | For those items included in the determination of income from operations, the accounting policies of the segments are the same as those described in Note 1.
Summary of operating revenues mix | The mix of operating revenues from our major lines of business for the three months ended March 31 are as follows (in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Intercompany | ​ | Net | ​
​ |  | Operating | ​ | Operating | ​ | Operating | ​
​ | ​ | Revenues |  | Revenues |  | Revenues |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial |  | $ | 1,501 | ​ | $ | (185) | ​ | $ | 1,316 | ​
Industrial | ​ |  | 934 | ​ | ​ | (187) | ​ |  | 747 | ​
Residential | ​ | ​ | 876 | ​ | ​ | (22) | ​ | ​ | 854 | ​
Other collection | ​ |  | 751 | ​ |  | (53) | ​ |  | 698 | ​
Total collection | ​ |  | 4,062 | ​ |  | (447) | ​ |  | 3,615 | ​
Landfill | ​ | ​ | 1,177 | ​ | ​ | (385) | ​ | ​ | 792 | ​
Transfer | ​ | ​ | 560 | ​ | ​ | (251) | ​ | ​ | 309 | ​
Total Collection and Disposal | ​ |  | 5,799 | ​ |  | (1,083) | ​ |  | 4,716 | ​
Recycling Processing and Sales | ​ |  | 436 | ​ |  | (68) | ​ |  | 368 | ​
WM Renewable Energy | ​ |  | 70 | ​ |  | (1) | ​ |  | 69 | ​
Corporate and Other | ​ | ​ | 12 | ​ | ​ | (6) | ​ | ​ | 6 | ​
Total | ​ | $ | 6,317 | ​ | $ | (1,158) | ​ | $ | 5,159 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial |  | $ | 1,412 | ​ | $ | (161) | ​ | $ | 1,251 | ​
Industrial | ​ |  | 933 | ​ | ​ | (177) | ​ |  | 756 | ​
Residential | ​ | ​ | 854 | ​ | ​ | (25) | ​ | ​ | 829 | ​
Other collection | ​ |  | 689 | ​ |  | (50) | ​ |  | 639 | ​
Total collection | ​ |  | 3,888 | ​ |  | (413) | ​ |  | 3,475 | ​
Landfill | ​ | ​ | 1,150 | ​ | ​ | (391) | ​ | ​ | 759 | ​
Transfer | ​ | ​ | 540 | ​ | ​ | (251) | ​ | ​ | 289 | ​
Total Collection and Disposal | ​ |  | 5,578 | ​ |  | (1,055) | ​ |  | 4,523 | ​
Recycling Processing and Sales | ​ |  | 374 | ​ |  | (80) | ​ |  | 294 | ​
WM Renewable Energy | ​ |  | 70 | ​ |  | (1) | ​ |  | 69 | ​
Corporate and Other | ​ | ​ | 12 | ​ | ​ | (6) | ​ | ​ | 6 | ​
Total | ​ | $ | 6,034 | ​ | $ | (1,142) | ​ | $ | 4,892 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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