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v3.24.3

Segment and Related Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment and Related Information |
Reportable Segments | Summarized financial information concerning our reportable segments is shown in the following table (in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Intercompany | ​ | Net | ​ | Income
​ | ​ | Operating | ​ | Operating | ​ | Operating | ​ | from
​ |  | Revenues |  | Revenues(a) |  | Revenues |  | Operations(b)
Three Months Ended September 30: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
2024 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Collection and Disposal: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
East Tier | ​ | $ | 2,835 | ​ | $ | (593) | ​ | $ | 2,242 | ​ | $ | 718
West Tier | ​ | ​ | 2,687 | ​ | ​ | (549) | ​ | ​ | 2,138 | ​ | ​ | 708
Other Ancillary | ​ |  | 750 | ​ |  | (46) | ​ |  | 704 | ​ |  | —
Collection and Disposal(c)(d) | ​ |  | 6,272 | ​ |  | (1,188) | ​ |  | 5,084 | ​ |  | 1,426
Recycling Processing and Sales(c) | ​ |  | 503 | ​ |  | (71) | ​ |  | 432 | ​ |  | 21
WM Renewable Energy(d) | ​ | ​ | 88 | ​ | ​ | (1) | ​ | ​ | 87 | ​ | ​ | 28
Corporate and Other | ​ |  | 12 | ​ |  | (6) | ​ |  | 6 | ​ |  | (356)
Total | ​ | $ | 6,875 | ​ | $ | (1,266) | ​ | $ | 5,609 | ​ | $ | 1,119
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Collection and Disposal: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
East Tier | ​ | $ | 2,700 | ​ | $ | (556) | ​ | $ | 2,144 | ​ | $ | 648
West Tier | ​ | ​ | 2,546 | ​ | ​ | (522) | ​ | ​ | 2,024 | ​ | ​ | 613
Other Ancillary | ​ |  | 701 | ​ |  | (48) | ​ |  | 653 | ​ |  | (2)
Collection and Disposal(c)(d) | ​ |  | 5,947 | ​ |  | (1,126) | ​ |  | 4,821 | ​ |  | 1,259
Recycling Processing and Sales(c) | ​ |  | 386 | ​ |  | (81) | ​ |  | 305 | ​ |  | 18
WM Renewable Energy(d) | ​ | ​ | 68 | ​ | ​ | (1) | ​ | ​ | 67 | ​ | ​ | 17
Corporate and Other | ​ |  | 12 | ​ |  | (7) | ​ |  | 5 | ​ |  | (273)
Total | ​ | $ | 6,413 | ​ | $ | (1,215) | ​ | $ | 5,198 | ​ | $ | 1,021
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Intercompany | ​ | Net | ​ | Income
​ | ​ | Operating | ​ | Operating | ​ | Operating | ​ | from
​ |  | Revenues |  | Revenues(a) |  | Revenues |  | Operations(b)
Nine Months Ended September 30: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Collection and Disposal: |  | ​ |  |  | ​ | ​ |  | ​ |  |  | ​ |
East Tier | ​ | $ | 8,202 | ​ | $ | (1,701) | ​ | $ | 6,501 | ​ | $ | 2,064
West Tier | ​ | ​ | 7,800 | ​ | ​ | (1,593) | ​ | ​ | 6,207 | ​ | ​ | 2,009
Other Ancillary | ​ |  | 2,149 | ​ |  | (135) | ​ |  | 2,014 | ​ |  | (9)
Collection and Disposal(c)(d) | ​ |  | 18,151 | ​ |  | (3,429) | ​ |  | 14,722 | ​ |  | 4,064
Recycling Processing and Sales(c) | ​ |  | 1,414 | ​ |  | (209) | ​ |  | 1,205 | ​ |  | 69
WM Renewable Energy(d) | ​ | ​ | 228 | ​ | ​ | (3) | ​ | ​ | 225 | ​ | ​ | 67
Corporate and Other | ​ |  | 36 | ​ |  | (18) | ​ |  | 18 | ​ |  | (1,056)
Total | ​ | $ | 19,829 | ​ | $ | (3,659) | ​ | $ | 16,170 | ​ | $ | 3,144
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Collection and Disposal: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
East Tier | ​ | $ | 7,934 | ​ | $ | (1,622) | ​ | $ | 6,312 | ​ | $ | 1,778
West Tier | ​ | ​ | 7,450 | ​ | ​ | (1,541) | ​ | ​ | 5,909 | ​ | ​ | 1,720
Other Ancillary | ​ |  | 1,998 | ​ |  | (141) | ​ |  | 1,857 | ​ |  | (2)
Collection and Disposal(c)(d) | ​ |  | 17,382 | ​ |  | (3,304) | ​ |  | 14,078 | ​ |  | 3,496
Recycling Processing and Sales(c) | ​ |  | 1,154 | ​ |  | (239) | ​ |  | 915 | ​ |  | 55
WM Renewable Energy(d) | ​ | ​ | 201 | ​ | ​ | (3) | ​ | ​ | 198 | ​ | ​ | 51
Corporate and Other | ​ |  | 38 | ​ |  | (20) | ​ |  | 18 | ​ |  | (812)
Total | ​ | $ | 18,775 | ​ | $ | (3,566) | ​ | $ | 15,209 | ​ | $ | 2,790
(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.
(c) | Certain fees related to the processing of recycled material we collect are included within our Collection and Disposal businesses. The amounts in income from operations for the three and nine months ended September 30, 2024, are $29 million and $77 million, respectively. The amounts in income from operations for three and nine months ended September 30, 2023, are $16 million and $41 million, respectively.
(d) | WM Renewable Energy pays a 15% intercompany royalty to our Collection and Disposal businesses for landfill gas. The total amount of royalties in income from operations for the three and nine months ended September 30, 2024, are $13 million and $34 million, respectively. The total amount of royalties in income from operations for the three and nine months ended September 30, 2023, are $10 million and $30 million, respectively.
Summary of operating revenues mix | The mix of operating revenues from our major lines of business are as follows (in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Intercompany | ​ | Net
​ |  | Operating | ​ | Operating | ​ | Operating
​ | ​ | Revenues |  | Revenues (a) |  | Revenues
Three Months Ended September 30: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial |  | $ | 1,564 | ​ | $ | (205) | ​ | $ | 1,359
Industrial | ​ |  | 1,003 | ​ | ​ | (206) | ​ |  | 797
Residential | ​ | ​ | 897 | ​ | ​ | (22) | ​ | ​ | 875
Other collection | ​ |  | 822 | ​ |  | (57) | ​ |  | 765
Total collection | ​ |  | 4,286 | ​ |  | (490) | ​ |  | 3,796
Landfill | ​ | ​ | 1,345 | ​ | ​ | (422) | ​ | ​ | 923
Transfer | ​ | ​ | 641 | ​ | ​ | (276) | ​ | ​ | 365
Total Collection and Disposal | ​ |  | 6,272 | ​ |  | (1,188) | ​ |  | 5,084
Recycling Processing and Sales | ​ |  | 503 | ​ |  | (71) | ​ |  | 432
WM Renewable Energy | ​ |  | 88 | ​ |  | (1) | ​ |  | 87
Corporate and Other | ​ | ​ | 12 | ​ | ​ | (6) | ​ | ​ | 6
Total | ​ | $ | 6,875 | ​ | $ | (1,266) | ​ | $ | 5,609
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial |  | $ | 1,464 | ​ | $ | (179) | ​ | $ | 1,285
Industrial | ​ |  | 982 | ​ | ​ | (194) | ​ |  | 788
Residential | ​ | ​ | 875 | ​ | ​ | (23) | ​ | ​ | 852
Other collection | ​ |  | 773 | ​ |  | (55) | ​ |  | 718
Total collection | ​ |  | 4,094 | ​ |  | (451) | ​ |  | 3,643
Landfill | ​ | ​ | 1,259 | ​ | ​ | (412) | ​ | ​ | 847
Transfer | ​ | ​ | 594 | ​ | ​ | (263) | ​ | ​ | 331
Total Collection and Disposal | ​ |  | 5,947 | ​ |  | (1,126) | ​ |  | 4,821
Recycling Processing and Sales | ​ |  | 386 | ​ |  | (81) | ​ |  | 305
WM Renewable Energy | ​ |  | 68 | ​ |  | (1) | ​ |  | 67
Corporate and Other | ​ | ​ | 12 | ​ | ​ | (7) | ​ | ​ | 5
Total | ​ | $ | 6,413 | ​ | $ | (1,215) | ​ | $ | 5,198
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Intercompany | ​ | Net
​ |  | Operating | ​ | Operating | ​ | Operating
​ | ​ | Revenues |  | Revenues (a) |  | Revenues
Nine Months Ended September 30: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial |  | $ | 4,591 | ​ | $ | (586) | ​ | $ | 4,005
Industrial | ​ |  | 2,915 | ​ | ​ | (592) | ​ |  | 2,323
Residential | ​ | ​ | 2,659 | ​ | ​ | (67) | ​ | ​ | 2,592
Other collection | ​ |  | 2,354 | ​ |  | (162) | ​ |  | 2,192
Total collection | ​ |  | 12,519 | ​ |  | (1,407) | ​ |  | 11,112
Landfill | ​ | ​ | 3,813 | ​ | ​ | (1,225) | ​ | ​ | 2,588
Transfer | ​ | ​ | 1,819 | ​ | ​ | (797) | ​ | ​ | 1,022
Total Collection and Disposal | ​ |  | 18,151 | ​ |  | (3,429) | ​ |  | 14,722
Recycling Processing and Sales | ​ |  | 1,414 | ​ |  | (209) | ​ |  | 1,205
WM Renewable Energy | ​ |  | 228 | ​ |  | (3) | ​ |  | 225
Corporate and Other | ​ | ​ | 36 | ​ | ​ | (18) | ​ | ​ | 18
Total | ​ | $ | 19,829 | ​ | $ | (3,659) | ​ | $ | 16,170
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial |  | $ | 4,300 | ​ | $ | (508) | ​ | $ | 3,792
Industrial | ​ |  | 2,889 | ​ | ​ | (563) | ​ |  | 2,326
Residential | ​ | ​ | 2,595 | ​ | ​ | (73) | ​ | ​ | 2,522
Other collection | ​ |  | 2,207 | ​ |  | (161) | ​ |  | 2,046
Total collection | ​ |  | 11,991 | ​ |  | (1,305) | ​ |  | 10,686
Landfill | ​ | ​ | 3,672 | ​ | ​ | (1,220) | ​ | ​ | 2,452
Transfer | ​ | ​ | 1,719 | ​ | ​ | (779) | ​ | ​ | 940
Total Collection and Disposal | ​ |  | 17,382 | ​ |  | (3,304) | ​ |  | 14,078
Recycling Processing and Sales | ​ |  | 1,154 | ​ |  | (239) | ​ |  | 915
WM Renewable Energy | ​ |  | 201 | ​ |  | (3) | ​ |  | 198
Corporate and Other | ​ | ​ | 38 | ​ | ​ | (20) | ​ | ​ | 18
Total | ​ | $ | 18,775 | ​ | $ | (3,566) | ​ | $ | 15,209
(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.

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