Document and Entity Information (USD $)
In Billions, except Share data, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2011
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Apr. 21, 2011
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Jun. 30, 2010
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|
Document and Entity Information [Abstract] | |||
Entity Registrant Name | WASTE MANAGEMENT INC | ||
Entity Central Index Key | 0000823768 | ||
Document Type | 10-Q | ||
Document Period End Date | Mar. 31, 2011 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2011 | ||
Document Fiscal Period Focus | Q1 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Public Float | $ 15.0 | ||
Entity Common Stock, Shares Outstanding | 474,200,316 |
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If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements this will be the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type should be limited to the same value as the supporting SEC submission type. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, NCSR, N-Q, and Other. No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at fiscal year-end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. This caption alerts the reader that one or more notes to the financial statements disclose pertinent information about the entity's commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Dollar value of issued common stock whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of the sum of short-term debt and current maturities of long-term debt and capital lease obligations, which are due within one year (or one business cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue or other forms of income in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, shall be classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward should be presented as a reduction of the related deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise shall separate deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, shall be classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid, adjusted for any amortization recognized prior to adoption of FAS 142 and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. No definition available.
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- Definition
Total of all Liabilities and Stockholders' Equity items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer plus capital lease obligations due to be paid more than one year after the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet due to materiality considerations. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet due to materiality considerations. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amounts due as of the balance sheet date from parties or arising from transactions not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of capitalized payments for supplies which will be consumed in operations within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Treasury stock is issued but is not outstanding. This stock has no voting rights and receives no dividends. Note that treasury stock may be recorded at its total cost or separately as par (or stated) value and additional paid in capital. Note: number of treasury shares concept is in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The estimated amount of costs required as of the balance sheet date to comply with regulatory requirements pertaining to the retirement of an asset, which will be paid after one year or beyond the normal operating cycle, if longer. Carrying value of the obligation (known or estimated) arising from requirements to perform activities to remediate one or more sites, payable after twelve months or beyond the next operating cycle if longer. No definition available.
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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Share data, unless otherwise specified |
Mar. 31, 2011
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Dec. 31, 2010
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Current assets: | ||
Allowance for doubtful accounts | $ 24 | $ 26 |
Accumulated depreciation and amortization | $ 14,713 | $ 14,690 |
Waste Management, Inc. stockholders' equity: | ||
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 1,500,000,000 | 1,500,000,000 |
Common stock, shares issued | 630,282,461 | 630,282,461 |
Treasury stock, shares | 155,574,786 | 155,235,711 |
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- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. No definition available.
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. No definition available.
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- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. Such amount typically reflects adjustments similar to those made in preparing consolidated statements, including adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between cost and underlying equity in net assets of the investee at the date of investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of net income (loss) attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other nonoperating income and expense, which does not qualify for separate disclosure on the income statement under materiality guidelines. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income (expense) before income taxes, extraordinary items, cumulative effects of changes in accounting principles, and Noncontrolling interest. No definition available.
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- Details
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- Definition
Interest and Other Income (Expense), Total. No definition available.
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- Definition
Interest Income. No definition available.
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- Definition
Generally recurring costs associated with normal operations excluding Selling, General and Administrative Expense, Depreciation, Depletion and Amortization Expense, Restructuring Expense, and expense from Asset Impairments and Unusual Items. No definition available.
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- Details
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change between the beginning and ending balance of cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The component of income tax expense for the period representing the net change in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element reduces net cash provided by operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The difference between the sale price or salvage price and the book value of a property, plant, and equipment asset that was sold or retired during the reporting period. This element refers to the gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the undistributed income (or loss) of equity method investments, net of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations; such investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change during the reporting period in the amount due from customers for the credit sale of goods and services; includes accounts receivable and other types of receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change during the reporting period in the aggregate amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net change during the reporting period in other operating obligations not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow (outflow) for the net change associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow (outflow) from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net cash inflow (outflow) from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net cash outflow (inflow) from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow from the distribution of an entity's earnings in the form of dividends to common shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with security instrument that either represents a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow (outflow) from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow (outflow) from noncontrolled interest to increase or decrease the number of shares they have in the entity. This does not include dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with security instrument that either represents a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. The nature of such security interests included herein may consist of debt securities, long-term capital lease obligations, and capital securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock options, amortization of restricted stock, and adjustment for officers compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Depreciation, Depletion and Amortization associated with Property Plant and Equipment and Intangible Assets. No definition available.
|
X | ||||||||||
- Definition
Increase (Decrease) in Other Assets, Current. No definition available.
|
X | ||||||||||
- Definition
Increase (Decrease) in Other Assets, Non-current. No definition available.
|
X | ||||||||||
- Definition
Interest accretion on and discount rate adjustments to environmental remediation liabilities and recovery assets No definition available.
|
X | ||||||||||
- Definition
Interest accretion on landfill liabilities No definition available.
|
X | ||||||||||
- Definition
This element represents the cash inflow during the period from the sale of businesses and other assets. No definition available.
|
X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Common stock cash dividend declared by an entity during the period. This element includes paid and unpaid dividends declared during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Decrease in noncontrolling interest balance from payment of dividends or other distributions to noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross appreciation or the gross loss in value of the total unsold securities at the end of an accounting period, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net changes to accumulated comprehensive income during the period related to benefit plans, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents Other Comprehensive Income (Loss), Net of Tax, for the period. Includes deferred gains (losses) on qualifying hedges, unrealized holding gains (losses) on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Net of tax effect of the reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income that was realized in net income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. No definition available.
|
X | ||||||||||
- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity-based compensation transactions, including dividend equivalents, net of taxes. No definition available.
|
X | ||||||||||
- Definition
Equity-based compensation transactions, including dividend equivalents, net of taxes, shares. No definition available.
|
X | ||||||||||
- Definition
Other Transaction shares. No definition available.
|
X | ||||||||||
- Definition
Tax effect of the gross appreciation or the gross loss, net of reclassification adjustment, in the change in value of available for sale securities during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tax effects of the net changes to accumulated comprehensive income during the period related to benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tax effect on reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income that was realized in net income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tax effect on the change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Basis of Presentation
|
3 Months Ended | ||||
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Mar. 31, 2011
|
|||||
Basis of Presentation [Abstract] | |||||
Basis of Presentation |
The financial statements presented in this report represent the
consolidation of Waste Management, Inc., a Delaware corporation;
Waste Management’s wholly-owned and majority-owned
subsidiaries; and certain variable interest entities for which
Waste Management or its subsidiaries are the primary
beneficiary. Waste Management is a holding company and all
operations are conducted by its subsidiaries. When the terms
“the Company,” “we,” “us” or
“our” are used in this document, those terms refer to
Waste Management, Inc., its consolidated subsidiaries and
consolidated variable interest entities. When we use the term
“WM,” we are referring only to Waste Management, Inc.,
the parent holding company.
We manage and evaluate our principal operations through five
Groups. Our four geographic operating Groups, which are
comprised of our Eastern, Midwest, Southern and Western Groups,
provide collection, transfer, disposal (in both solid waste and
hazardous waste landfills) and recycling services. Our fifth
Group is the Wheelabrator Group, which provides
waste-to-energy
services and manages
waste-to-energy
facilities and independent power production plants. We also
provide additional services that are not managed through our
five Groups, which are presented in this report as
“Other.” Additional information related to our
segments can be found in Note 9.
The Condensed Consolidated Financial Statements as of and for
the three months ended March 31, 2011 and 2010 are
unaudited. In the opinion of management, these financial
statements include all adjustments, which, unless otherwise
disclosed, are of a normal recurring nature, necessary for a
fair presentation of the financial position, results of
operations, and cash flows for the periods presented. The
results for interim periods are not necessarily indicative of
results for the entire year. The financial statements presented
herein should be read in connection with the financial
statements included in our Annual Report on
Form 10-K
for the year ended December 31, 2010.
In preparing our financial statements, we make numerous
estimates and assumptions that affect the accounting for and
recognition and disclosure of assets, liabilities, equity,
revenues and expenses. We must make these estimates and
assumptions because certain information that we use is dependent
on future events, cannot be calculated with a high degree of
precision from data available or simply cannot be readily
calculated based on generally accepted methods. In some cases,
these estimates are particularly difficult to determine and we
must exercise significant judgment. In preparing our financial
statements, the most difficult, subjective and complex estimates
and the assumptions that present the greatest amount of
uncertainty relate to our accounting for landfills,
environmental remediation liabilities, asset impairments,
deferred income taxes, and reserves associated with our insured
and self-insured claims. Actual results could differ materially
from the estimates and assumptions that we use in the
preparation of our financial statements.
Subsequent events have been evaluated through the date and time
the financial statements were issued. No material subsequent
events have occurred since March 31, 2011 that required
recognition or disclosure in our current period financial
statements.
Accounting
Changes
Multiple-Deliverable Revenue Arrangements — In
October 2009, the FASB amended authoritative guidance associated
with multiple-deliverable revenue arrangements. This amended
guidance addresses the determination of when individual
deliverables within an arrangement may be treated as separate
units of accounting and modifies the manner in which
consideration is allocated across the separately identifiable
deliverables. The amendments to authoritative guidance
associated with multiple-deliverable revenue arrangements became
effective for the Company on January 1, 2011. The new
accounting standard has been applied prospectively to
arrangements entered into or materially modified after the date
of adoption. The adoption of this guidance has not had a
material impact on our consolidated financial statements.
However, our adoption of this guidance may significantly impact
our accounting and reporting for future revenue arrangements to
the extent they are material.
Reclassifications
Certain minor reclassifications have been made to our prior
period consolidated financial information in order to conform to
the current year presentation.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. Describes the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. Provides an entity's explanation that the preparation of financial statements in conformity with generally accepted accounting principles requires the use of management estimates. Summarizes impact of changes in accounting principal required by application of new pronouncements. Classifications in the current financial statements may be different from classifications in the prior year's financial statements. Disclose any material changes in classification including an explanation of the reason for the change and the areas impacted. No definition available.
|
Landfill and Environmental Remediation Liabilities
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2011
|
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Landfill and Environmental Remediation Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Landfill and Environmental Remediation Liabilities |
Liabilities for landfill and environmental remediation costs are
presented in the table below (in millions):
The changes to landfill and environmental remediation
liabilities for the year ended December 31, 2010 and the
three months ended March 31, 2011 are reflected in the
table below (in millions):
At several of our landfills, we provide financial assurance by
depositing cash into restricted trust funds or escrow accounts
for purposes of settling final capping, closure, post-closure
and environmental remediation obligations. Generally, these
trust funds are established to comply with statutory
requirements and operating agreements and we are the sole
beneficiary of the restricted balances. However, certain of the
funds have been established for the benefit of both the Company
and the host community in which we operate. The fair value of
trust funds and escrow accounts for which we are the sole
beneficiary was $125 million at March 31, 2011 and is
included in
long-term
“Other assets” in our Condensed Consolidated Balance
Sheet.
|
X | ||||||||||
- Definition
Description of the asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. This element may be used for all the disclosures related to asset retirement obligations. Disclosures of environmental loss contingencies, such as presence of hazardous waste, relevant information from reports issued by regulators, and estimated costs to achieve compliance with regulatory requirements. This element may be used for all of an entity's disclosures about environmental loss contingencies. This element may be used as a single block of text to encapsulate the entire inventory disclosure including data and tables. No definition available.
|
X | ||||||||||
- Details
|
Debt
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2011
|
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Debt [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt |
The following table summarizes the major components of debt at
each balance sheet date (in millions) and provides the
maturities and interest rate ranges of each major category as of
March 31, 2011 and December 31, 2010:
Debt
Classification
As of March 31, 2011, we had $396 million of debt
maturing within the next twelve months, including
U.S. $219 million under our Canadian credit facility.
We have classified $111 million of these borrowings as
long-term as of March 31, 2011 based on our intent and
ability to refinance these borrowings on a long-term basis.
Net
Debt Borrowings
In February 2011, we issued $400 million of
4.60% senior notes due March 2021. The net proceeds from
the debt issuance were $396 million. We used a portion of
the proceeds to repay $147 million of 7.65% senior
notes that matured in March 2011.
Revolving
Credit and Letter of Credit Facilities
As of March 31, 2011, we had an aggregate committed
capacity of $2.5 billion for letters of credit under
various credit facilities. Our primary source of letter of
credit capacity is a three-year, $2.0 billion revolving
credit facility that was executed in June 2010. Our remaining
letter of credit capacity is provided under facilities with
maturities that extend from June 2013 to June 2015. As of
March 31, 2011, we had an aggregate of $1.6 billion of
letters of credit outstanding under our revolving credit
facility and letter of credit facilities. There have not been
any borrowings outstanding under these credit facilities during
2011.
|
X | ||||||||||
- Definition
Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Instruments and Hedging Activities
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2011
|
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Derivative Instruments and Hedging Activities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities |
The following table summarizes the fair values of derivative
instruments recorded in our Condensed Consolidated Balance Sheet
(in millions):
It is our accounting policy not to offset fair value amounts
recognized for our derivative instruments.
Interest
Rate Derivatives
Interest
Rate Swaps
We use interest rate swaps to maintain a portion of our debt
obligations at variable market interest rates. As of
March 31, 2011, we had approximately $5.6 billion in
fixed-rate senior notes outstanding. As of March 31, 2011,
the interest payments on $1 billion, or 18%, of these
senior notes have been swapped to variable interest rates to
protect the debt against changes in fair value due to changes in
benchmark interest rates, compared with $500 million, or
9%, as of December 31, 2010. The increase in the notional
amount of our interest rate swaps from December 31, 2010 to
March 31, 2011 was due to the execution of
$600 million of interest rate swaps in March 2011 partially
offset by the scheduled maturity of $100 million of
interest rate swaps in March 2011.
We have designated our interest rate swaps as fair value hedges
of our fixed-rate senior notes. Fair value hedge accounting for
interest rate swap contracts increased the carrying value of
debt instruments by $70 million as of March 31, 2011
and $79 million as of December 31, 2010.
Gains or losses on the derivatives as well as the offsetting
losses or gains on the hedged items attributable to our interest
rate swaps are recognized in current earnings. We include gains
and losses on our interest rate swaps as adjustments to interest
expense, which is the same financial statement line item where
offsetting gains and losses on the related hedged items are
recorded. The following table summarizes the fair value
adjustments from interest rate swaps and the underlying hedged
items on our results of operations (in millions):
We also recognize the impacts of (i) net periodic
settlements of current interest on our active interest rate
swaps and (ii) the amortization of previously terminated
interest rate swap agreements as adjustments to interest
expense.
The following table summarizes the impact of periodic
settlements of active swap agreements and the impact of
terminated swap agreements on our results of operations (in
millions):
Treasury
Rate Locks
We have used Treasury rate locks to secure underlying interest
rates in anticipation of senior note issuances. These cash flow
hedging agreements resulted in deferred losses, net of taxes, of
$15 million at March 31, 2011 and $16 million at
December 31, 2010, which are included in “Accumulated
other comprehensive income.” These deferred losses are
reclassified to interest expense over the life of the related
senior note issuances, which extend through 2032. Pre-tax and
after-tax amounts of $2 million and $1 million,
respectively, were reclassified out of accumulated other
comprehensive income and into interest expense during both
three-month periods ended March 31, 2011 and 2010. As of
March 31, 2011, $7 million (on a pre-tax basis) is
scheduled to be reclassified into interest expense over the next
twelve months.
Forward-Starting
Interest Rate Swaps
In 2009, we entered into forward-starting interest rate swaps
with a total notional value of $525 million to hedge the
risk of changes in semi-annual interest payments due to
fluctuations in the forward ten-year LIBOR swap rate for
anticipated fixed-rate debt issuances in 2011, 2012 and 2014. We
designated these forward-starting interest rate swaps as cash
flow hedges.
During the first quarter of 2011, $150 million of these
forward-starting interest rate swaps were terminated
contemporaneously with the actual issuance of senior notes in
February 2011, and we paid cash of $9 million to settle the
liability related to these swap agreements. The ineffectiveness
recognized upon termination of the hedges was immaterial and the
related deferred loss continues to be recognized as a component
of “Accumulated other comprehensive income.” The
deferred loss is being amortized as an increase to interest
expense over the life of the February 2011 senior note issuance
using the effective interest method. The incremental interest
expense associated with these forward-starting interest rate
swaps was immaterial during the three months ended
March 31, 2011.
The forward-starting interest rate swaps outstanding as of
March 31, 2011 relate to anticipated debt issuances in
November 2012 and March 2014. The fair value of these interest
rate derivatives was $11 million of long-term liabilities
as of March 31, 2011 compared with $13 million of
long-term liabilities as of December 31, 2010.
We recognized pre-tax and after-tax gains of $4 million and
$2 million, respectively, to other comprehensive income for
changes in the fair value of our forward-starting interest rate
swaps during the three months ended March 31, 2011. We
recognized pre-tax and after-tax losses of $5 million and
$3 million, respectively, to other comprehensive income for
changes in the fair value of our forward-starting interest rate
swaps during the three months ended March 31, 2010. There
was no significant ineffectiveness associated with these hedges
during the three months ended March 31, 2011 or 2010.
Credit-Risk-Related
Contingent Features
Certain of our interest rate derivative instruments contain
provisions related to the Company’s credit rating. If the
Company’s credit rating were to fall to specified levels
below investment grade, the counterparties have the ability to
terminate the derivative agreements, resulting in settlement of
all affected transactions. As of March 31, 2011, we had not
experienced any credit events that would trigger these
provisions, nor did we have any derivative instruments with
credit-risk-related contingent features that were in a net
liability position.
Foreign
Exchange Derivatives
We use foreign currency exchange rate derivatives to hedge our
exposure to fluctuations in exchange rates for anticipated
intercompany cash transactions between Waste Management
Holdings, Inc., a wholly-owned subsidiary we acquired in 1998
(“WM Holdings”), and its Canadian subsidiaries.
As of March 31, 2011, we had foreign currency forward
contracts outstanding for all of the anticipated cash flows
associated with a debt arrangement between these wholly-owned
subsidiaries. The hedged cash flows include C$370 million
of principal, which is scheduled for payment on October 31,
2013, and interest payments scheduled as follows:
C$10 million on November 30, 2011, C$11 million
on November 30, 2012 and C$10 million on
October 31, 2013. We designated our foreign currency
derivatives as cash flow hedges.
Gains or losses on the underlying hedged items attributable to
foreign currency exchange risk are recognized in current
earnings. We include gains and losses on our foreign currency
forward contracts as adjustments to other income and expense,
which is the same financial statement line item where offsetting
gains and losses on the related hedged items are recorded. The
following table summarizes the pre-tax impacts of our foreign
currency cash flow derivatives on our comprehensive income and
results of operations (in millions):
Amounts reported in other comprehensive income and accumulated
other comprehensive income are reported net of tax. Adjustments
to other comprehensive income for changes in the fair value of
our foreign currency cash flow hedges resulted in the
recognition of an after-tax loss of $6 million during the
three months ended March 31, 2011 and an after-tax loss of
$7 million during the three months ended March 31,
2010. After-tax adjustments for the reclassification of losses
from accumulated other comprehensive income into income were
$6 million and $8 million during the three-month
periods ended March 31, 2011 and 2010, respectively. There
was no significant ineffectiveness associated with these hedges
during the three months ended March 31, 2011 or 2010.
Electricity
Commodity Derivatives
As a result of the expiration of certain long-term, above-market
electricity contracts at our
waste-to-energy
facilities, we use short-term “receive fixed, pay
variable” electricity commodity swaps to mitigate the
variability in our revenues and cash flows caused by
fluctuations in the market prices for electricity. We hedged
672,360 megawatt hours, or approximately 26%, of our
Wheelabrator Group’s full year 2010 merchant electricity
sales and the swaps currently in place are expected to hedge
about 1.2 million megawatt hours, or 37%, of the
Group’s full year 2011 merchant electricity sales. For the
three-month periods ended March 31, 2011 and 2010, we
hedged 52% and 3%, respectively, of our merchant electricity
sales. There was no significant ineffectiveness associated with
these cash flow hedges and all financial statement impacts
associated with these derivatives were immaterial for both
three-month periods ended March 31, 2011 and 2010.
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This element can be used to disclose the entity's entire derivative instruments and hedging activities disclosure as a single block of text. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising there from, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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Income Taxes [Abstract] | |||||
Income Taxes |
Our effective tax rate for the three months ended March 31,
2011 was 35.9% compared with 36.6% for the comparable prior-year
period. We evaluate our effective tax rate at each interim
period and adjust it accordingly as facts and circumstances
warrant. The difference between federal income taxes computed at
the federal statutory rate and reported income taxes for the
three-month period ended March 31, 2011 was primarily due
to the unfavorable impact of state and local income taxes,
offset by the favorable impact of federal tax credits. The
difference between federal income taxes computed at the federal
statutory rates and reported income taxes for the three-month
period ended March 31, 2010 was primarily due to the
unfavorable impact of state and local income taxes.
Investment in Refined Coal Facility — In
January 2011, we acquired a noncontrolling interest in a limited
liability company, which was established to invest in and manage
a refined coal facility in North Dakota. The facility’s
refinement processes qualify for federal tax credits that are
expected to be realized through 2019 in accordance with
Section 45 of the Internal Revenue Code. Our initial
consideration for this investment consisted of a cash payment of
$48 million.
We account for our investment in this entity using the equity
method of accounting, recognizing our share of the entity’s
results in “Equity in net losses of unconsolidated
entities,” within our Condensed Consolidated Statement of
Operations. During the three months ended March 31, 2011,
we recognized less than $1 million of net losses resulting
from our share of the entity’s operating losses. Our tax
provision for the three months ended March 31, 2011 was
reduced by $3 million (primarily tax credits) as a result
of this investment. See Note 11 for additional information
related to this investment.
Federal Low-income Housing Tax Credits — In
April 2010, we acquired a noncontrolling interest in a limited
liability company established to invest in and manage low-income
housing properties. The entity’s low-income housing
investments qualify for federal tax credits that are expected to
be realized through 2020 in accordance with Section 42 of
the Internal Revenue Code.
We account for our investment in this entity using the equity
method of accounting. We recognize our share of the
entity’s results and reductions in the value of our
investment in “Equity in net losses of unconsolidated
entities,” within our Condensed Consolidated Statement of
Operations. The value of our investment decreases as the tax
credits are generated and utilized. During the three months
ended March 31, 2011, we recognized $6 million of
losses for reductions in the value of our investment,
$2 million of interest expense and a reduction in our tax
provision of $7 million (including $4 million of tax
credits). During the remainder of 2011, we expect the tax
benefits of this investment to more than offset the related
equity losses and interest expense. See Note 11 for
additional information related to this investment.
Legislation updates — The Tax Relief,
Unemployment Insurance Reauthorization, and Job Creation Act,
signed into law on December 17, 2010, included an extension
of the bonus depreciation allowance through the end of 2012 and
increased the amount of qualifying capital expenditures that can
be depreciated immediately from 50 percent to
100 percent. The 100 percent depreciation deduction
applies to qualifying property placed in service between
September 8, 2010 and December 31, 2011. The
acceleration of deductions on 2011 capital expenditures
resulting from the bonus depreciation provision will have no
impact on our effective tax rate. However, the ability to
accelerate depreciation deductions is expected to decrease our
2011 cash taxes by approximately $190 million. Taking the
accelerated tax depreciation will result in increased cash taxes
in future periods when the accelerated deductions for these
capital expenditures would have otherwise been taken.
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Description containing the entire income tax disclosure. Examples include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Comprehensive Income
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Comprehensive Income |
Comprehensive income was as follows (in millions):
The components of accumulated other comprehensive income, which
is included as a component of Waste Management, Inc.
stockholders’ equity, were as follows (in millions):
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This label may include the following: 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. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share
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Earnings Per Share |
Basic and diluted earnings per share were computed using the
following common share data (shares in millions):
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This element may be used to capture the complete disclosure pertaining to an entity's earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies
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Commitments and Contingencies |
Financial Instruments — We have obtained
letters of credit, performance bonds and insurance policies and
have established trust funds and issued financial guarantees to
support tax-exempt bonds, contracts, performance of landfill
final capping, closure and post-closure requirements,
environmental remediation, and other obligations. Letters of
credit generally are supported by our revolving credit facility
and other credit facilities established for that purpose. We
obtain surety bonds and insurance policies from an entity in
which we have a noncontrolling financial interest. We also
obtain insurance from a wholly-owned insurance company, the sole
business of which is to issue policies for us. In those
instances where our use of financial assurance from entities we
own or have financial interests in is not allowed, we have
available alternative financial assurance mechanisms.
Management does not expect that any claims against or draws on
these instruments would have a material adverse effect on our
consolidated financial statements. We have not experienced any
unmanageable difficulty in obtaining the required financial
assurance instruments for our current operations. In an ongoing
effort to mitigate risks of future cost increases and reductions
in available capacity, we continue to evaluate various options
to access cost-effective sources of financial assurance.
Insurance — We carry insurance coverage for
protection of our assets and operations from certain risks
including automobile liability, general liability, real and
personal property, workers’ compensation, directors’
and officers’ liability, pollution legal liability and
other coverages we believe are customary to the industry. Our
exposure to loss for insurance claims is generally limited to
the per incident deductible under the related insurance policy.
Our exposure, however, could increase if our insurers are unable
to meet their commitments on a timely basis.
We have retained a significant portion of the risks related to
our automobile, general liability and workers’ compensation
insurance programs. For our self-insured retentions, the
exposure for unpaid claims and associated expenses, including
incurred but not reported losses, is based on an actuarial
valuation and internal estimates. The accruals for these
liabilities could be revised if future occurrences or loss
development significantly differ from our assumptions used. We
do not expect the impact of any known casualty, property,
environmental or other contingency to have a material impact on
our financial condition, results of operations or cash flows.
Guarantees — In the ordinary course of our
business, WM and WM Holdings enter into guarantee
agreements associated with their subsidiaries’ operations.
Additionally, WM and WM Holdings have each guaranteed all
of the
senior debt of the other entity. No additional liabilities have
been recorded for these intercompany guarantees because all of
the underlying obligations are reflected in our Condensed
Consolidated Balance Sheets.
We also have guaranteed the obligations of, and provided
indemnification to, third parties in the ordinary course of
business. Guarantee agreements outstanding as of March 31,
2011 include (i) guarantees of unconsolidated
entities’ financial obligations maturing through 2020 for
maximum future payments of $11 million; and
(ii) agreements guaranteeing certain market value losses
for approximately 900 homeowners’ properties adjacent
to or near 19 of our landfills. Our indemnification obligations
generally arise in divestitures and provide that we will be
responsible for liabilities associated with our operations for
events that occurred prior to the sale of the operations.
Additionally, under certain of our acquisition agreements, we
have provided for additional consideration to be paid to the
sellers if established financial targets are achieved
post-closing and we have recognized liabilities for these
contingent obligations based on an estimate of the fair value of
these contingencies at the time of acquisition. Contingent
obligations related to indemnifications arising from our
divestitures and contingent consideration provided for by our
acquisitions are not expected to be material to our financial
position, results of operations or cash flows.
Environmental Matters — A significant portion
of our operating costs and capital expenditures could be
characterized as costs of environmental protection, as we are
subject to an array of laws and regulations relating to the
protection of the environment. Under current laws and
regulations, we may have liabilities for environmental damage
caused by our operations, or for damage caused by conditions
that existed before we acquired a site. In addition to
remediation activity required by state or local authorities,
such liabilities include potentially responsible party, or PRP,
investigations. The costs associated with these liabilities can
include settlements, certain legal and consultant fees, as well
as incremental internal and external costs directly associated
with site investigation and
clean-up.
Estimating our degree of responsibility for remediation is
inherently difficult. We recognize and accrue for an estimated
remediation liability when we determine that such liability is
both probable and reasonably estimable. Determining the method
and ultimate cost of remediation requires that a number of
assumptions be made. There can sometimes be a range of
reasonable estimates of the costs associated with the
investigation of the extent of environmental impact and
identification of likely site-remediation alternatives. In these
cases, we use the amount within the range that constitutes our
best estimate. If no amount within a range appears to be a
better estimate than any other, we use the amount that is the
low end of such range. If we used the high ends of such ranges,
our aggregate potential liability would be approximately
$150 million higher than the $281 million recorded in
the Condensed Consolidated Financial Statements as of
March 31, 2011. Our ongoing review of our remediation
liabilities, in light of relevant internal and external facts
and circumstances, could result in revisions to our accruals
that could cause upward or downward adjustments to income from
operations. These adjustments could be material in any given
period.
As of March 31, 2011, we had been notified that we are a
PRP in connection with 78 locations listed on the EPA’s
National Priorities List, or NPL. Of the 78 sites at which
claims have been made against us, 17 are sites we own. Each of
the NPL sites we own was initially developed by others as a
landfill disposal facility. At each of these facilities, we are
working in conjunction with the government to characterize or
remediate identified site problems, and we have either agreed
with other legally liable parties on an arrangement for sharing
the costs of remediation or are working toward a cost-sharing
agreement. We generally expect to receive any amounts due from
other participating parties at or near the time that we make the
remedial expenditures. The other 61 NPL sites, which we do not
own, are at various procedural stages under the Comprehensive
Environmental Response, Compensation and Liability Act of 1980,
as amended, known as CERCLA or Superfund.
The majority of these proceedings involving NPL sites that we do
not own are based on allegations that certain of our
subsidiaries (or their predecessors) transported hazardous
substances to the sites, often prior to our acquisition of these
subsidiaries. CERCLA generally provides for liability for those
parties owning, operating, transporting to or disposing at the
sites. Proceedings arising under Superfund typically involve
numerous waste
generators and other waste transportation and disposal companies
and seek to allocate or recover costs associated with site
investigation and remediation, which costs could be substantial
and could have a material adverse effect on our consolidated
financial statements. At some of the sites at which we have been
identified as a PRP, our liability is well defined as a
consequence of a governmental decision and an agreement among
liable parties as to the share each will pay for implementing
that remedy. At other sites, where no remedy has been selected
or the liable parties have been unable to agree on an
appropriate allocation, our future costs are uncertain.
Litigation — In April 2002, two former
participants in the ERISA plans of WM Holdings filed a
lawsuit in the U.S. District Court for the District of
Columbia in a case entitled William S. Harris, et al. v.
James E. Koenig, et al. The lawsuit named as defendants
WM Holdings; the members of WM Holdings’ Board of
Directors prior to July 1998; the administrative and investment
committees of WM Holdings’ ERISA plans and their
individual members; WM’s retirement savings plan; the
investment committees of WM’s plan and its individual
members; and State Street Bank & Trust, the trustee
and investment manager of the ERISA plans. The lawsuit attempts
to increase the recovery of a class of ERISA plan participants
based on allegations related to both the events alleged in, and
the settlements relating to, the securities class action against
WM Holdings that was settled in 1998 and the securities
class action against WM that was settled in 2001. During the
second quarter of 2010, the Court dismissed certain claims
against individual defendants, including all claims against each
of the current members of our Board of Directors.
Mr. Simpson, our Chief Financial Officer, is a named
defendant in these actions by virtue of his membership on the WM
ERISA plan Investment Committee at that time. Recently,
plaintiffs dismissed all claims related to the settlement of the
securities class action against WM that was settled in 2001, and
the court certified a limited class of participants who may
bring claims on behalf of the plan, but not individually. All of
the remaining defendants intend to continue to defend themselves
vigorously.
Two separate wage and hour lawsuits were commenced in October
2006 and March 2007, respectively, that are pending against
certain of our subsidiaries in California, each seeking class
certification. The actions were coordinated to proceed in
San Diego County Superior Court. Both lawsuits make the
same general allegations that the defendants failed to comply
with certain California wage and hour laws, including allegedly
failing to provide meal and rest periods and failing to properly
pay hourly and overtime wages. We have executed a settlement
agreement in connection with this matter; however, such
settlement remains subject to final court approval and other
contingencies.
Additionally, in July 2008, we were named as a defendant in a
purported class action in the Circuit Court of Bullock County,
Alabama, which was subsequently removed to the United States
District Court for the Northern District of Alabama. This suit
pertains to our fuel and environmental charge in our customer
service agreements and generally alleges that such charges were
not properly disclosed, were unfair, and were contrary to
contract. We filed a motion to dismiss that was partially
granted during the third quarter of 2010, resulting in dismissal
of the plaintiffs’ RICO and national class action claims.
We deny the claims in all of these actions and intend to
continue to oppose class certification and will vigorously
defend these matters. Given the inherent uncertainties of
litigation, the ultimate outcome of these cases cannot be
predicted at this time, nor can possible damages, if any, be
reasonably estimated.
We often enter into contractual arrangements with landowners
imposing obligations on us to meet certain regulatory or
contractual conditions upon site closure or upon termination of
the agreements. Compliance with these arrangements is inherently
subject to subjective determinations and may result in disputes,
including litigation. In May 2008, Mnoian Management, Inc. filed
suit in Los Angeles County Superior Court seeking remediation
and increased compaction of a site we had previously leased for
landfill purposes. The parties have agreed to arbitrate this
dispute and recently exchanged plans to remediate the
site’s compaction fill. The Company has engaged in
mediation discussions and believes it has valid defenses and
will continue to vigorously defend these claims.
From time to time, we also are named as defendants in personal
injury and property damage lawsuits, including purported class
actions, on the basis of having owned, operated or transported
waste to a disposal facility that is alleged to have
contaminated the environment or, in certain cases, on the basis
of having conducted environmental
remediation activities at sites. Some of the lawsuits may seek
to have us pay the costs of monitoring of allegedly affected
sites and health care examinations of allegedly affected persons
for a substantial period of time even where no actual damage is
proven. While we believe we have meritorious defenses to these
lawsuits, the ultimate resolution is often substantially
uncertain due to the difficulty of determining the cause, extent
and impact of alleged contamination (which may have occurred
over a long period of time), the potential for successive groups
of complainants to emerge, the diversity of the individual
plaintiffs’ circumstances, and the potential contribution
or indemnification obligations of co-defendants or other third
parties, among other factors.
As a large company with operations across the United States and
Canada, we are subject to various proceedings, lawsuits,
disputes and claims arising in the ordinary course of our
business. Many of these actions raise complex factual and legal
issues and are subject to uncertainties. Actions filed against
us include commercial, customer, and employment-related claims,
including, as noted above, purported class action lawsuits
related to our customer service agreements and purported class
actions involving federal and state wage and hour and other
laws. The plaintiffs in some actions seek unspecified damages or
injunctive relief, or both. These actions are in various
procedural stages, and some are covered in part by insurance. We
currently do not believe that any such actions will ultimately
have a material adverse impact on our consolidated financial
statements.
WM’s charter and bylaws require indemnification of its
officers and directors if statutory standards of conduct have
been met and allow the advancement of expenses to these
individuals upon receipt of an undertaking by the individuals to
repay all expenses if it is ultimately determined that they did
not meet the required standards of conduct. Additionally, WM has
entered into separate indemnification agreements with each of
the members of its Board of Directors as well as its President
and Chief Executive Officer, and its Chief Financial Officer.
The Company may incur substantial expenses in connection with
the fulfillment of its advancement of costs and indemnification
obligations in connection with current actions involving former
officers of the Company or its subsidiaries or other actions or
proceedings that may be brought against its former or current
officers, directors and employees.
Item 103 of the SEC’s
Regulation S-K
requires disclosure of certain environmental matters when a
governmental authority is a party to the proceedings, or such
proceedings are known to be contemplated, unless we reasonably
believe that the matter will result in no monetary sanctions, or
in monetary sanctions, exclusive of interest and costs, of less
than $100,000. The following matters pending as of
March 31, 2011 are disclosed in accordance with that
requirement:
On April 4, 2006, the EPA issued a Notice of Violation
(“NOV”) to Waste Management of Hawaii, Inc., an
indirect wholly-owned subsidiary of WM, and to the City and
County of Honolulu for alleged violations of the federal Clean
Air Act, based on alleged failure to submit certain reports and
design plans required by the EPA, and the failure to begin and
timely complete the installation of a gas collection and control
system (“GCCS”) for the Waimanalo Gulch Sanitary
Landfill on Oahu. The EPA has also indicated that it will seek
penalties and injunctive relief as part of the NOV enforcement
for elevated landfill temperatures that were recorded after
installation of the GCCS. The parties have been in confidential
settlement negotiations. Pursuant to an indemnity agreement, any
penalty assessed will be paid by the Company, and not by the
City and County of Honolulu.
The Massachusetts Attorney General’s Office has commenced
investigations into allegations of violations of the Clean Air
Act, the Clean Water Act, solid waste regulations and permits at
Wheelabrator Group facilities in Saugus and North Andover,
Massachusetts. The Attorney General’s Office is also
considering intervening in two private lawsuits alleging
potential claims under the Massachusetts False Claims Act. No
formal enforcement action has been brought against the Company,
although we potentially could be subject to sanctions, including
requirements to pay monetary penalties. We are cooperating with
the Attorney General’s office in the investigations.
On February 25, 2011, the EPA issued an NOV to Chemical
Waste Management, Inc.’s Kettleman Hills Facility for
alleged violations of the Resource Conservation and Recovery
Act. The EPA has indicated it will seek civil penalties for the
violations alleged, which relate primarily to management of
landfill leachate, laboratory protocols, and the management and
disposal of certain hazardous waste.
Multiemployer, Defined Benefit Pension Plans —
About 20% of our workforce is covered by collective bargaining
agreements with various union locals across the United States
and Canada. As a result of some of these agreements, certain of
our subsidiaries are participating employers in a number of
trustee-managed multiemployer, defined benefit pension plans for
the affected employees. One of the most significant
multiemployer pension plans in which we participate is the
Central States Southeast and Southwest Areas Pension Plan
(“Central States Pension Plan”), which has reported
that it adopted a rehabilitation plan as a result of its
actuarial certification for the plan year beginning
January 1, 2008. The Central States Pension Plan is in
“critical status,” as defined by the Pension
Protection Act of 2006.
In connection with our ongoing renegotiation of various
collective bargaining agreements, we may discuss and negotiate
for the complete or partial withdrawal from one or more of these
pension plans. We recognized charges to “Operating”
expenses of $28 million in the first quarter of 2010
associated with the withdrawal of three bargaining units from
the Central States Pension Plan in connection with our
negotiations of these unit’s agreements. We are still
negotiating and litigating final resolutions of our withdrawal
liability for this withdrawal and previous withdrawals, which
could be materially higher than the charges we have recognized.
We do not believe that our withdrawals from the multiemployer
plans, individually or in the aggregate, will have a material
adverse effect on our financial condition or liquidity. However,
depending on the number of employees withdrawn in any future
period and the financial condition of the multiemployer plans at
the time of withdrawal, such withdrawals could materially affect
our results of operations in the period of the withdrawal.
Tax Matters — We are currently in the
examination phase of IRS audits for the tax years 2010 and 2011
and expect these audits to be completed within the next 9 and
21 months, respectively. We participate in the IRS’s
Compliance Assurance Program, which means we work with the IRS
throughout the year in order to resolve any material issues
prior to the filing of our year-end tax return. We are also
currently undergoing audits by various state and local
jurisdictions that date back to 2000. In the third quarter of
2010, we finalized audits in Canada through the 2005 tax year
and are not currently under audit for any subsequent tax years.
To provide for certain potential tax exposures, we maintain a
liability for unrecognized tax benefits, the balance of which
management believes is adequate. Results of audit assessments by
taxing authorities are not currently expected to have a material
adverse impact on our results of operations or cash flows.
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- Definition
Includes disclosure of commitments and contingencies. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Segment and Related Information
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Segment and Related Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment and Related Information |
We currently manage and evaluate our operations primarily
through our Eastern, Midwest, Southern, Western and Wheelabrator
Groups. These five Groups are presented below as our reportable
segments. Our four geographic operating Groups provide
collection, transfer, disposal (in both solid waste and
hazardous waste landfills) and recycling services. Our fifth
Group is the Wheelabrator Group, which provides
waste-to-energy
services and manages
waste-to-energy
facilities and independent power production plants. We serve
residential, commercial, industrial, and municipal customers
throughout North America. The operations not managed through our
five operating Groups are presented herein as “Other.”
Summarized financial information concerning our reportable
segments for the respective three-month periods ended March 31
is shown in the following table (in millions):
Fluctuations in our operating results may be caused by many
factors, including
period-to-period
changes in the relative contribution of revenue by each line of
business and operating segment and by general economic
conditions. In addition, our revenues and income from operations
typically reflect seasonal patterns. Our operating revenues
normally tend to be somewhat higher in the summer months,
primarily due to the traditional seasonal increase in the volume
of construction and demolition waste. The volumes of industrial
and residential waste in certain regions in which we operate
also tend to increase during the summer months. Our second and
third quarter revenues and results of operations typically
reflect these seasonal trends.
Additionally, certain destructive weather conditions that tend
to occur during the second half of the year, such as the
hurricanes that most often impact our Southern Group, can
actually increase our revenues in the areas affected. While
weather-related and other “one-time” occurrences can
boost revenue through additional work, as a result of
significant
start-up
costs and other factors, such revenue sometimes generates
earnings at comparatively lower margins. Certain weather
conditions, including severe winter storms, may result in the
temporary suspension of our operations, which can significantly
affect the operating results of the affected regions. The
operating results of our first quarter also often reflect higher
repair and maintenance expenses because we rely on the slower
winter months, when waste flows are generally lower, to perform
scheduled maintenance at our
waste-to-energy
facilities.
From time to time, the operating results of our reportable
segments are significantly affected by unusual or infrequent
transactions or events. During the first quarter of 2010, our
Midwest Group recognized a $28 million
charge as a result of bargaining unit employees in Michigan and
Ohio agreeing to our proposal to withdraw them from an
underfunded multiemployer pension plan. Refer to Note 8 for
additional information related to our participation in
multiemployer pension plans.
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- Definition
This element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10% or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements
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Fair Value Measurements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements |
Assets
and Liabilities Accounted for at Fair Value
Our assets and liabilities that are measured at fair value on a
recurring basis include the following (in millions):
Fair
Value of Debt
At March 31, 2011, the carrying value of our debt was
approximately $9.2 billion compared with $8.9 billion
at December 31, 2010. The carrying value of our debt
includes adjustments for both the unamortized fair value
adjustments related to terminated hedge arrangements and fair
value adjustments of debt instruments that are currently hedged.
The estimated fair value of our debt was approximately
$9.5 billion at March 31, 2011 and approximately
$9.2 billion at December 31, 2010. The estimated fair
value of our senior notes is based on quoted market prices. The
carrying value of remarketable debt approximates fair value due
to the short-term nature of the interest rates. The fair value
of our other debt is estimated using discounted cash flow
analysis, based on rates we would currently pay for similar
types of instruments.
Although we have determined the estimated fair value amounts
using available market information and commonly accepted
valuation methodologies, considerable judgment is required in
interpreting market data to develop the estimates of fair value.
Accordingly, our estimates are not necessarily indicative of the
amounts that we, or holders of the instruments, could realize in
a current market exchange. The use of different assumptions
and/or
estimation methodologies could have a material effect on the
estimated fair values. The fair value estimates are based on
information available as of March 31, 2011 and
December 31, 2010. These amounts have not been revalued
since those dates, and current estimates of fair value could
differ significantly from the amounts presented.
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- Definition
This item represents the complete disclosure regarding the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the Company is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risk is are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Variable Interest Entities
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3 Months Ended | ||||
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Mar. 31, 2011
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Variable Interest Entities [Abstract] | |||||
Variable Interest Entities |
Following is a description of our financial interests in
variable interest entities that we consider significant,
including (i) those for which we have determined that we
are the primary beneficiary of the entity and, therefore, have
consolidated the entities into our financial statements; and
(ii) those that represent a significant interest in an
unconsolidated entity.
Consolidated
Variable Interest Entities
Waste-to-Energy
LLCs — In June 2000, two limited liability
companies were established to purchase interests in existing
leveraged lease financings at three
waste-to-energy
facilities that we lease, operate and maintain. We own a 0.5%
interest in one of the LLCs (“LLC I”) and a 0.25%
interest in the second LLC (“LLC II”). John Hancock
Life Insurance Company owns 99.5% of LLC I and 99.75% of LLC II
is owned by LLC I and the CIT Group. In 2000, Hancock and CIT
made an initial investment of $167 million in the LLCs,
which was used to purchase the three
waste-to-energy
facilities and assume the seller’s indebtedness. Under the
LLC agreements, the LLCs shall be dissolved upon the occurrence
of any of the following events: (i) a written decision of
all members of the LLCs; (ii) December 31, 2063;
(iii) a court’s dissolution of the LLCs; or
(iv) the LLCs ceasing to own any interest in the
waste-to-energy
facilities.
Income, losses and cash flows of the LLCs are allocated to the
members based on their initial capital account balances until
Hancock and CIT achieve targeted returns; thereafter, we will
receive 80% of the earnings of each of the LLCs and Hancock and
CIT will be allocated the remaining 20% proportionate to their
respective equity interests. All capital allocations made
through March 31, 2011 have been based on initial capital
account balances as the target returns have not yet been
achieved.
Our obligations associated with our interests in the LLCs are
primarily related to the lease of the facilities. In addition to
our minimum lease payment obligations, we are required to make
cash payments to the LLCs for differences between fair market
rents and our minimum lease payments. These payments are subject
to adjustment based on factors that include the fair market
value of rents for the facilities and lease payments made
through the re-measurement dates. In addition, we may also be
required under certain circumstances to make capital
contributions to the LLCs based on differences between the fair
market value of the facilities and defined termination values as
provided for in the underlying lease agreements, although we
believe the likelihood of the occurrence of these circumstances
is remote.
We have determined that we are the primary beneficiary of the
LLCs and consolidate these entities in our Consolidated
Financial Statements because (i) all of the equity owners
of the LLCs are considered related parties for purposes of
applying this accounting guidance; (ii) the equity owners
share power over the significant activities of the LLCs; and
(iii) we are the entity within the related party group
whose activities are most closely associated with the LLCs.
As of March 31, 2011, our Consolidated Balance Sheet
includes $316 million of net property and equipment
associated with the LLCs’
waste-to-energy
facilities and $245 million in noncontrolling interests
associated with Hancock’s and CIT’s interests in the
LLCs. As of March 31, 2011, all debt obligations of the
LLCs have been paid in full and, therefore, the LLCs have no
liabilities. We recognized expense of $13 million in each
of the three-month periods ended March 31, 2011 and 2010
for Hancock’s and CIT’s noncontrolling interests in
the LLCs’ earnings. The LLCs’ earnings relate to the
rental income generated from leasing the facilities to our
subsidiaries, reduced by depreciation expense. The LLCs’
rental income is eliminated in WM’s consolidation.
Significant
Unconsolidated Variable Interest Entities
Investment in Refined Coal Facility — In
January 2011, we acquired a noncontrolling interest in a limited
liability company, which was established to invest in and manage
a refined coal facility. Along with the other equity investor,
we support the operations of the entity in exchange for a
pro-rata share of the tax credits it generates. Our initial
consideration for this investment consisted of a cash payment of
$48 million. At March 31, 2011, our investment balance
was $47 million, representing our current maximum pre-tax
exposure to loss. Under the terms and conditions of the
transaction, we do not believe that we have any material
exposure to loss. Future contributions will commence once
certain levels of tax credits have been generated and will
continue through the expiration of the tax credits under
Section 45 of the Internal Revenue Code, which occurs at
the end of 2019. We are only obligated to make the future
contributions to the extent tax credits are generated. We
determined that we are not the primary beneficiary of this
entity as we cannot individually direct the entity’s
activities. Accordingly, we account for this investment under
the equity method of accounting and do not consolidate the
entity. Additional information related to this investment is
discussed in Note 5.
Investment in Federal Low-income Housing Tax
Credits — In April 2010, we acquired a
noncontrolling interest in a limited liability company
established to invest in and manage low-income housing
properties. We support the operations of the entity in exchange
for a pro-rata share of the tax credits it generates. Our target
return on the investment is guaranteed and, therefore, we do not
believe that we have any material exposure to loss. Our
consideration for this investment totaled $221 million,
which was comprised of a $215 million note payable and an
initial cash payment of $6 million. At March 31, 2011,
our investment balance was $196 million and our debt
balance was $192 million. We determined that we are not the
primary beneficiary of this entity as we cannot individually
direct the entity’s activities. Accordingly, we account for
this investment under the equity method of accounting and do not
consolidate the entity. Additional information related to this
investment is discussed in Note 5.
Trusts for Final Capping, Closure, Post-Closure or
Environmental Remediation Obligations — We have
significant financial interests in trust funds that were created
to settle certain of our final capping, closure, post-closure or
environmental remediation obligations. We have determined that
we are not the primary beneficiary of certain of these trust
funds because power over the trusts’ significant activities
is shared.
Our interests in these variable interest entities are accounted
for as investments in unconsolidated entities and receivables.
These amounts are recorded in “Other receivables” and
as long-term “Other assets” in our Condensed
Consolidated Balance Sheet. Our investments and receivables
related to the trusts had a fair value of $113 million as
of March 31, 2011. We reflect our interests in the
unrealized gains and losses on marketable securities held by
these trusts as a component of “Accumulated other
comprehensive income.”
As the party with primary responsibility to fund the related
final capping, closure, post-closure or environmental
remediation activities, we are exposed to risk of loss as a
result of potential changes in the fair value of the assets of
the trust. The fair value of trust assets can fluctuate due to
(i) changes in the market value of the investments held by
the trusts and (ii) credit risk associated with trust
receivables. Although we are exposed to changes in the fair
value of the trust assets, we currently expect the trust funds
to continue to meet the statutory requirements for which they
were established.
|
X | ||||||||||
- Definition
Disclosure of variable interest entities (VIE), including, but not limited to the nature, purpose, size, and activities of the VIE, the carrying amount and classification of consolidated assets that are collateral for the VIE's obligations, lack of recourse if creditors (or beneficial interest holders) of a consolidated VIE have no recourse to the general credit of the primary beneficiary. An enterprise that holds a significant variable interest in a VIE but is not the primary beneficiary may disclose the nature of its involvement with the VIE and when that involvement began, the nature, purpose, size, and activities of the VIE and the enterprise's maximum exposure to loss as a result of its involvement with the VIE. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Details
|
Condensed Consolidating Financial Statements
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2011
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Condensed Consolidating Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Financial Statements |
WM Holdings has fully and unconditionally guaranteed all of
WM’s senior indebtedness. WM has fully and unconditionally
guaranteed all of WM Holdings’ senior indebtedness.
None of WM’s other subsidiaries have guaranteed any of
WM’s or WM Holdings’ debt. As a result of these
guarantee arrangements, we are required to present the following
condensed consolidating financial information (in millions):
CONDENSED
CONSOLIDATING BALANCE SHEETS
March 31,
2011
(Unaudited)
December 31,
2010
CONDENSED
CONSOLIDATING STATEMENTS OF OPERATIONS
Three Months Ended March 31, 2011
(Unaudited)
Three
Months Ended March 31, 2010
(Unaudited)
CONDENSED
CONSOLIDATING STATEMENTS OF CASH FLOWS
Three
Months Ended March 31, 2011
(Unaudited)
Three
Months Ended March 31, 2010
(Unaudited)
|
X | ||||||||||
- Definition
Text block that encapsulates the detailed table comprising the condensed financial statements (balance sheet, income statement and statement of cash flows), normally using the registrant (parent) as the sole domain member. If condensed consolidating financial statements are being presented, other domain members (in addition to parent) such as guarantor subsidiaries, non-guarantor subsidiaries, and the consolidation eliminations, will be included in order that the respective monetary amounts for each of the domains will aggregate to the respective amounts on the consolidated financial statements. The line items are the various captions used to compile the condensed financial statements. Using extensions, most, if not all, of the elements representing condensed financial statement captions will be the same as those used for the consolidated financial statements captions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Details
|
Basis of Presentation (Policies)
|
3 Months Ended |
---|---|
Mar. 31, 2011
|
|
Basis of Presentation Policies [Abstract] | |
Multiple-Deliverable Revenue Arrangements |
Multiple-Deliverable Revenue Arrangements — In
October 2009, the FASB amended authoritative guidance associated
with multiple-deliverable revenue arrangements. This amended
guidance addresses the determination of when individual
deliverables within an arrangement may be treated as separate
units of accounting and modifies the manner in which
consideration is allocated across the separately identifiable
deliverables. The amendments to authoritative guidance
associated with multiple-deliverable revenue arrangements became
effective for the Company on January 1, 2011. The new
accounting standard has been applied prospectively to
arrangements entered into or materially modified after the date
of adoption. The adoption of this guidance has not had a
material impact on our consolidated financial statements.
However, our adoption of this guidance may significantly impact
our accounting and reporting for future revenue arrangements to
the extent they are material.
|
Reclassifications |
Certain minor reclassifications have been made to our prior
period consolidated financial information in order to conform to
the current year presentation.
|
X | ||||||||||
- Definition
Describes an entity's accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction should be disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Reclassifications Policy. No definition available.
|
Landfill and Environmental Remediation Liabilities (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2011
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Landfill and Environmental Remediation Liabilities (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities for landfill and environmental remediation costs |
Liabilities for landfill and environmental remediation costs are
presented in the table below (in millions):
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Changes to landfill and environmental remediation liabilities |
The changes to landfill and environmental remediation
liabilities for the year ended December 31, 2010 and the
three months ended March 31, 2011 are reflected in the
table below (in millions):
|
X | ||||||||||
- Definition
Asset Retirement Obligation and Environmental Remediation Costs Rollforward Analysis. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Liabilities for landfill and environmental remediation costs. No definition available.
|
Debt (Tables)
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2011
|
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Debt (Tables) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Debt |
The following table summarizes the major components of debt at
each balance sheet date (in millions) and provides the
maturities and interest rate ranges of each major category as of
March 31, 2011 and December 31, 2010:
|
X | ||||||||||
- Definition
Components of debt. No definition available.
|
X | ||||||||||
- Details
|
Derivative Instruments and Hedging Activities (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2011
|
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Derivative Instruments and Hedging Activities (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair values of derivative instruments recorded in Balance Sheet |
The following table summarizes the fair values of derivative
instruments recorded in our Condensed Consolidated Balance Sheet
(in millions):
|
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Impact of changes in the fair value of interest rate swaps and the underlying hedged items on results of operations |
|
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Impact of periodic settlements of active swap agreements and the impact of terminated swap agreements |
We also recognize the impacts of (i) net periodic
settlements of current interest on our active interest rate
swaps and (ii) the amortization of previously terminated
interest rate swap agreements as adjustments to interest
expense.
The following table summarizes the impact of periodic
settlements of active swap agreements and the impact of
terminated swap agreements on our results of operations (in
millions):
|
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Pretax impacts of our foreign currency cash flow derivatives on our comprehensive income and results of operations |
|
X | ||||||||||
- Definition
Schedule of the location and amount of gains and losses reported in the statement of financial performance (or when applicable, the statement of financial position, for example, gains and losses initially recognized in other comprehensive income) on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element can be used as an alternative for disclosing the entity's tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position as a single block of text. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair value interest rate hedges total impact to interest expense. No definition available.
|
X | ||||||||||
- Definition
Impacts of foreign currency cash flow derivatives on results of operations and comprehensive income, pre-tax. No definition available.
|
Comprehensive Income (Tables)
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2011
|
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Comprehensive Income (Tables) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Comprehensive Income |
Comprehensive income was as follows (in millions):
|
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Components of accumulated other comprehensive income, which is included as a component of Waste Management, Inc. Stockholders' equity |
The components of accumulated other comprehensive income, which
is included as a component of Waste Management, Inc.
stockholders’ equity, were as follows (in millions):
|
X | ||||||||||
- Definition
Components of accumulated other comprehensive income, included in stockholders' equity of the company. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Comprehensive Income. No definition available.
|
Earnings Per Share (Tables)
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2011
|
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Earnings Per Share (Tables) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common share data used for computing the basic and diluted earnings per share |
Basic and diluted earnings per share were computed using the
following common share data (shares in millions):
|
X | ||||||||||
- Definition
Common share data used for computing the basic and diluted earnings per share. No definition available.
|
X | ||||||||||
- Details
|
Segment and Related Information (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2011
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Segment and Related Information (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reportable segments |
Summarized financial information concerning our reportable
segments for the respective three-month periods ended March 31
is shown in the following table (in millions):
|
X | ||||||||||
- Definition
This element may be used to capture the complete disclosure about the profit or loss and total assets for each reportable segment, as a single block of text. 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Fair Value Measurements (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2011
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Fair Value Measurements (Tables) (Abstract) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value of assets and liabilities measured on a recurring basis |
Our assets and liabilities that are measured at fair value on a
recurring basis include the following (in millions):
|
X | ||||||||||
- Definition
This element represents the disclosure related to the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Condensed Consolidating Financial Statements (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2011
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Condensed Consolidating Financial Statements (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheets |
CONDENSED
CONSOLIDATING BALANCE SHEETS
March 31,
2011
(Unaudited)
December 31,
2010
|
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Condensed Consolidating Statements of Operations |
CONDENSED
CONSOLIDATING STATEMENTS OF OPERATIONS
Three Months Ended March 31, 2011
(Unaudited)
Three
Months Ended March 31, 2010
(Unaudited)
|
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Condensed Consolidating Statements of Cash Flows |
CONDENSED
CONSOLIDATING STATEMENTS OF CASH FLOWS
Three
Months Ended March 31, 2011
(Unaudited)
Three
Months Ended March 31, 2010
(Unaudited)
|
X | ||||||||||
- Definition
Balance Sheets. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Statements of Cash Flows. No definition available.
|
X | ||||||||||
- Definition
Statements of operations. No definition available.
|
Landfill and Environmental Remediation Liabilities (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
---|---|---|---|
Liabilities for landfill and environmental remediation costs | |||
Current Landfill Liabilities | $ 103 | $ 105 | |
Long-term Landfill Liabilities | 1,186 | 1,161 | |
Total Landfill Liabilities | 1,289 | 1,266 | 1,267 |
Current Environmental Remediation Liabilities | 42 | 43 | |
Long-term Environmental Remediation Liabilities | 239 | 241 | |
Total Environmental Remediation Liabilities | 281 | 284 | 256 |
Current (in accrued liabilities) | 145 | 148 | |
Long-term | 1,425 | 1,402 | |
Total | $ 1,570 | $ 1,550 |
X | ||||||||||
- Definition
Total costs accrued as of the balance sheet date for environmental loss contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of estimated costs accrued as of the balance sheet date to comply with regulatory requirements pertaining to the retirement of a waste management facility (such as a landfill or waste treatment facility). Represents the portion that will be paid within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated amount of costs required as of the balance sheet date to comply with regulatory requirements pertaining to the retirement of a waste management facility, which will be paid after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value of the obligation (known or estimated) arising from requirements to perform activities to remediate one or more sites, payable in twelve months or in the next operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value of the obligation (known or estimated) arising from requirements to perform activities to remediate one or more sites, payable after twelve months or beyond the next operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Current portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Noncurrent portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated amount of costs required as of the balance sheet date to comply with regulatory requirements pertaining to the retirement of an asset. Carrying value of the obligation (known or estimated) arising from requirements to perform activities to remediate one or more sites. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Total costs accrued as of the balance sheet date for environmental loss contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) in the accrual for environmental loss in the period from revisions in estimates to existing obligations. The amount does not relate to changes in the environmental accrual related to business acquisitions or divestitures, or to currency movements. No definition available.
|
X | ||||||||||
- Definition
The aggregate amount disbursed during the reporting period to settle environmental loss contingencies. No definition available.
|
X | ||||||||||
- Definition
The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of accretion expense recognized in the income statement during the period that is associated with asset retirement obligations. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Such accretion expense representing changes in the liability for an asset retirement obligation due to passage of time is the result of applying an interest method of allocation to the amount of the liability at the beginning of the period. The interest rate used to measure that change shall be the credit-adjusted risk-free rate that existed when the liability, or portion thereof, was initially measured. That amount shall be recognized as an increase in the carrying amount of the liability and as an expense classified as an operating item in the statement of income. Accretion expense shall not be considered to be interest cost for purposes of capitalization of interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of asset retirement obligations incurred during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the increase (decrease) in the amount of the asset retirement obligation during the current period for changes in the amount or timing of the estimated cash flows associated with the settlement of the obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accrual for Environmental Loss Contingencies, Increase (Decrease) for Acquisitions, Divestitures and Other Adjustments, including foreign currency translation. No definition available.
|
X | ||||||||||
- Definition
Accrual for Environmental Loss Contingencies, Interest Accretion. No definition available.
|
X | ||||||||||
- Definition
Asset Retirement Obligation, Adjustments for Acquisitions, Divestitures and Other Items. Includes foreign currency translation. No definition available.
|
X | ||||||||||
- Definition
Amount of asset retirement obligations settled, or otherwise disposed of, during the period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Environmental Remediation Obligations Incurred and Capitalized. No definition available.
|
Landfill and Environmental Remediation Liabilities (Details Textuals) (USD $)
In Millions, unless otherwise specified |
Mar. 31, 2011
|
---|---|
Landfill and Environmental Remediation Liabilities (Textuals) [Abstract] | |
Fair value of trust funds and escrow accounts | $ 125 |
X | ||||||||||
- Definition
Fair Value of Restricted Trust Funds and Escrow Accounts for which the company is the sole beneficiary, specifically for future settlement of landfill and environmental remediation liabilities. No definition available.
|
X | ||||||||||
- Details
|
Debt (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 31, 2011
|
Dec. 31, 2010
|
---|---|---|
Components of Debt | ||
Revolving credit facility | $ 0 | $ 0 |
Letter of credit facilities | 0 | 0 |
Canadian credit facility | 219 | 212 |
Senior notes and debentures | 5,695 | 5,452 |
Tax- exempt bonds | 2,696 | 2,696 |
Tax- exempt project bonds | 116 | 116 |
Capital leases and other | 441 | 431 |
Components of Debt, total | 9,167 | 8,907 |
Current portion of long-term debt | 285 | 233 |
Long term Debt, less current portion of long-term debt | $ 8,882 | $ 8,674 |
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of the sum of short-term debt and current maturities of long-term debt and capital lease obligations, which are due within one year (or one business cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount borrowed under the credit facility as of the balance-sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer plus capital lease obligations due to be paid more than one year after the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Capital leases and other. No definition available.
|
X | ||||||||||
- Definition
Components Of Debt, total. No definition available.
|
X | ||||||||||
- Definition
Amount borrowed under the credit facility as of the balance-sheet date. No definition available.
|
X | ||||||||||
- Definition
Amount borrowed under the credit facility as of the balance-sheet date. No definition available.
|
X | ||||||||||
- Definition
Tax- exempt bonds. No definition available.
|
X | ||||||||||
- Definition
Tax- exempt project bonds. No definition available.
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
When presenting a range of interest rates, the highest stated (contractual) rate for funds borrowed under the debt agreement as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
When presenting a range of interest rates, the lowest stated (contractual) rate for funds borrowed under the debt agreement as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount borrowed under the credit facility as of the balance-sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for the settlement of borrowing, with the highest claim on the assets of the entity in case of bankruptcy or liquidation, as it matures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Debt Maturing Within Months Classified As Long Term. No definition available.
|
X | ||||||||||
- Definition
Amount of long-term debt maturing within the next twelve months following the date of the latest balance sheet presented in the financial statements. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Letter of credit outstanding, revolving credit and letter of credit facilities. No definition available.
|
X | ||||||||||
- Definition
Revolving Credit And Credit Facilities Aggregate Capacity. No definition available.
|
X | ||||||||||
- Definition
Revolving Credit Facility Total Capacity. No definition available.
|
X | ||||||||||
- Definition
Reflects the calculation as of the balance-sheet date of the average interest rate weighted by the amount of debt outstanding by type or by instrument at that time. No definition available.
|
X | ||||||||||
- Definition
Fair value of a derivative asset (or nonderivative instrument) that is designated and qualifies as a hedging instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair value of a derivative liability (or nonderivative instrument) that is designated and qualifies as a hedging instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Instruments and Hedging Activities (Details 1) (Interest expense [Member], USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2011
|
Mar. 31, 2010
|
|
Swap [Member]
|
||
Impact of changes in the fair value of interest rate swaps and the underlying hedged items on results of operations | ||
Impact of changes in the fair value of interest rate swaps and the underlying hedged items | $ (6) | $ 1 |
Fixed-Rate Debt [Member]
|
||
Impact of changes in the fair value of interest rate swaps and the underlying hedged items on results of operations | ||
Impact of changes in the fair value of interest rate swaps and the underlying hedged items | $ 6 | $ (1) |
X | ||||||||||
- Definition
Amount of unrealized gain (loss) related to the fair value of interest rate derivatives designated as fair value hedging instruments. Recognized in earnings and offsets the gain (loss) on the hedged item to the extent that the fair value hedge is determined to be effective. No definition available.
|
X | ||||||||||
- Details
|
Derivative Instruments and Hedging Activities (Details 2) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |||||
---|---|---|---|---|---|---|
Mar. 31, 2011
|
Mar. 31, 2010
|
|||||
Impact of periodic settlements of active swap agreements and the impact of terminated swap agreements | ||||||
Periodic settlements of active swap agreements | $ 5 | [1] | $ 10 | [1] | ||
Terminated swap agreements | 3 | 5 | ||||
Total | $ 8 | $ 15 | ||||
|
X | ||||||||||
- Definition
Fair Value Interest Rate Hedge, Impact to Interest Expense of Amortization of Terminated Swaps. No definition available.
|
X | ||||||||||
- Definition
Rate Hedge, impact to interest rate Expense of periodic settlements. No definition available.
|
X | ||||||||||
- Definition
Fair Value Interest Rate Hedges, Total Impact to Interest Expense No definition available.
|
X | ||||||||||
- Details
|
Derivative Instruments and Hedging Activities (Details 3) (Foreign Exchange Contract [Member], Other income (expense) [Member], USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2011
|
Mar. 31, 2010
|
|
Foreign Exchange Contract [Member] | Other income (expense) [Member]
|
||
Impacts of foreign currency cash flow derivatives on results of operations and comprehensive income, pre-tax | ||
Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion) | $ (11) | $ (12) |
Amount of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion) | $ (10) | $ (12) |
X | ||||||||||
- Definition
The income statement location of the effective portion of net gain or loss reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum length of time over which the entity is hedging its exposure to the variability in future cash flows for forecasted transactions, excluding those forecasted transactions related to the payment of variable interest on existing financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate notional amount of all derivatives designated as a fair value hedging instrument. The notional amount relates to a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument. No definition available.
|
X | ||||||||||
- Definition
Accumulated Net Gain (Loss) from Cash Flow Derivatives (Treasury Locks). No definition available.
|
X | ||||||||||
- Definition
Cash paid to settle cash flow hedge instruments forward starting interest rate swaps. No definition available.
|
X | ||||||||||
- Definition
Deferred losses related to Treasury rate locks reclassified into interest expense, after tax. No definition available.
|
X | ||||||||||
- Definition
Deferred losses related to Treasury rate locks reclassified into interest expense, pre tax. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair Value Hedges Total Adjustments To Carrying Value Of active and terminated Hedged Item. No definition available.
|
X | ||||||||||
- Definition
Fair value of interest rate derivatives classified as long term liabilities. No definition available.
|
X | ||||||||||
- Definition
Foreign Exchange Derivatives Gain Loss Reclassification From Aoci Into Income Effective Portion After Tax. No definition available.
|
X | ||||||||||
- Definition
Interest payments on foreign exchange contracts. No definition available.
|
X | ||||||||||
- Definition
Notional Amount of Cash Flow Hedge Instruments, Electricity Commodity. No definition available.
|
X | ||||||||||
- Definition
Notional Amount of Cash Flow Hedge Instruments, Forward Starting Swaps. No definition available.
|
X | ||||||||||
- Definition
Notional Amount of Electricity Commodity Hedge Instruments as a percentage of Merchant Electricity Sales. No definition available.
|
X | ||||||||||
- Definition
Notional amount of executed interest rate swaps. No definition available.
|
X | ||||||||||
- Definition
Notional Amount of Fair Value Hedge Instruments as a percentage of Senior Notes Outstanding. No definition available.
|
X | ||||||||||
- Definition
Notional amount of foreign currency derivatives designated as hedging instruments in cash flow hedges. Notional amount refers to the number of currency units specified in the foreign currency derivative contract. No definition available.
|
X | ||||||||||
- Definition
Notional amount of forward-starting interest rate swaps. No definition available.
|
X | ||||||||||
- Definition
Notional Amount Of Matured Interest Rate Swap. No definition available.
|
X | ||||||||||
- Definition
Other Comprehensive Income, Unrealized Gain (Loss) on Cash Flow Derivatives (Foreign Exchange Derivatives) Arising During Period, after Tax No definition available.
|
X | ||||||||||
- Definition
Other Comprehensive Income, Unrealized Gain (Loss) on Cash Flow Derivatives ( Forward Starting Swaps) Arising During Period, after Tax. No definition available.
|
X | ||||||||||
- Definition
Other Comprehensive Income, Unrealized Gain (Loss) on Cash Flow Derivatives ( Forward Starting Swaps) Arising During Period, before Tax. No definition available.
|
X | ||||||||||
- Definition
Referenced LIBOR swap rate. No definition available.
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, principal outstanding as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. No definition available.
|
X | ||||||||||
- Definition
Treasury Rate Lock Scheduled To Be Reclassified Into Interest Expense. No definition available.
|
X | ||||||||||
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment losses recognized. No definition available.
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. Such amount typically reflects adjustments similar to those made in preparing consolidated statements, including adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between cost and underlying equity in net assets of the investee at the date of investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount Of Decrease In Cash Taxes Due To Acceleration Of Deduction On Current Year Capital Expenditures. No definition available.
|
X | ||||||||||
- Definition
Equity in net losses of unconsolidated entities refined coal facility. No definition available.
|
X | ||||||||||
- Definition
Equity method investment, Initial cost. No definition available.
|
X | ||||||||||
- Definition
Equity method investment total income tax benefit from refined coal facility. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Increase in the bonus depreciation allowance. No definition available.
|
X | ||||||||||
- Definition
Percentage of deduction applies to qualifying property. No definition available.
|
X | ||||||||||
- Definition
Tax credits low income housing equity method investment. No definition available.
|
X | ||||||||||
- Definition
Total income tax benefit low income housing equity method investment. No definition available.
|
X | ||||||||||
- Definition
Accumulated appreciation or loss, net of tax, in value of the total of unsold securities at the end of an accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total of net (gain) loss, prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains (losses). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at fiscal year-end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests, if any. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Gross appreciation or the gross loss in value of the total unsold securities at the end of an accounting period, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net changes to accumulated comprehensive income during the period related to benefit plans, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents Other Comprehensive Income (Loss), Net of Tax, for the period. Includes deferred gains (losses) on qualifying hedges, unrealized holding gains (losses) on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Net of tax effect of the reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income that was realized in net income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Earnings Per Share (Details)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2011
|
Mar. 31, 2010
|
|
Common share data used for computing the basic and diluted earnings per share | ||
Number of common shares outstanding at end of period | 474.7 | 483.8 |
Effect of using weighted average common shares outstanding | 1.0 | 1.8 |
Weighted average basic common shares outstanding | 475.7 | 485.6 |
Dilutive effect of equity-based compensation awards and other contingently issuable shares | 1.9 | 2.5 |
Weighted average diluted common shares outstanding | 477.6 | 488.1 |
Potentially issuable shares | 17.9 | 16.1 |
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding | 0.1 | 3.7 |
X | ||||||||||
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Excludes common shares repurchased by the entity and held as Treasury shares. Shares outstanding equals shares issued minus shares held in treasury. Does not include common shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The sum of dilutive potential common shares used in the calculation of the diluted per-share computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The average number of shares issued and outstanding that are used in calculating diluted EPS, determined based on the timing of issuance of shares in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Effect of using weighted average common shares outstanding. No definition available.
|
X | ||||||||||
- Definition
Potentially issuable shares. No definition available.
|
X | ||||||||||
- Definition
Total costs accrued as of the balance sheet date for environmental loss contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Approximate number of homeowners properties to or near certain of our landfills with agreements guaranteeing market value. No definition available.
|
X | ||||||||||
- Definition
Approximate percentage of workforce covered by collective bargaining agreements. No definition available.
|
X | ||||||||||
- Definition
Charge to operating expenses for agreed upon withdrawal of bargaining units from multi employer pension plans central states No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Disclosure Required Under Item 103 Of Secs Regulation Sk. No definition available.
|
X | ||||||||||
- Definition
High-end estimate of the reasonably possible loss exposure in excess of the amount accrued for environmental remediation. No definition available.
|
X | ||||||||||
- Definition
Number of bargaining units withdrawn from multi-employer pension plans. No definition available.
|
X | ||||||||||
- Definition
Number of former participants in the ERISA plans of Waste Management Holdings, Inc. who filed a lawsuit. No definition available.
|
X | ||||||||||
- Definition
Number of landfills adjacent to or near homeowners properties with agreements guaranteeing market value. No definition available.
|
X | ||||||||||
- Definition
Number of months expected for the IRS audit(s) to be completed. No definition available.
|
X | ||||||||||
- Definition
Number of non-owned sites listed on the Environmental Protection Agency's National Priorities List for which we have been notified we are a PRP. No definition available.
|
X | ||||||||||
- Definition
Number of owned sites listed on environmental protection agency's national priorities list for which we have been notified we are Prp. No definition available.
|
X | ||||||||||
- Definition
Number of separate wage and hour lawsuits pending against certain of our subsidiaries in California, each seeking class certification. No definition available.
|
X | ||||||||||
- Definition
Number of sites listed on the Environmental Protection Agency's National Priorities List for which we have been notified we are a PRP. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of total revenue for the reportable segment, including revenue from external customers, transactions with other operating segments of the same entity, and (gross) interest revenue. All considered to be "operating revenue" for purposes of the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of revenue from external customers for the reportable segment. Must be disclosed if the amounts (a) is included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) is otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues for the reportable segment. No definition available.
|
X | ||||||||||
- Definition
Amount of revenue from intercompany transactions. Must be disclosed if the amount (a) is included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) is otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. No definition available.
|
Segment and Related Information (Details Textual) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2011
|
Mar. 31, 2010
|
|
Segment and Related Information (Textuals) [Abstract] | ||
Number of classified segment groups | 5 | |
Number of geographic segments | 4 | |
Charge to "Operating" expenses for the agreed-upon withdrawal of bargaining units from multi-employer pension plans, Central States | $ 28 |
X | ||||||||||
- Definition
Charge to operating expenses for agreed upon withdrawal of bargaining units from multi employer pension plans central states No definition available.
|
X | ||||||||||
- Definition
Number of classified segment groups. No definition available.
|
X | ||||||||||
- Definition
Number of geographic segments. No definition available.
|
X | ||||||||||
- Details
|
Fair Value Measurements (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 31, 2011
|
Dec. 31, 2010
|
---|---|---|
Assets: | ||
Cash equivalents | $ 539 | $ 468 |
Available-for-sale securities | 142 | 148 |
Interest in available-for-sale securities of unconsolidated entities | 113 | 103 |
Interest rate derivatives | 32 | 38 |
Total assets | 826 | 757 |
Liabilities: | ||
Total liabilities | 26 | 28 |
Quoted Prices in Active Markets (Level 1) [Member]
|
||
Liabilities: | ||
Total liabilities | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member]
|
||
Liabilities: | ||
Total liabilities | 26 | 28 |
Significant Unobservable Inputs (Level 3) [Member]
|
||
Liabilities: | ||
Total liabilities | 0 | 0 |
Commodity Contract [Member]
|
||
Liabilities: | ||
Electricity commodity derivatives | 1 | 1 |
Commodity Contract [Member] | Quoted Prices in Active Markets (Level 1) [Member]
|
||
Liabilities: | ||
Electricity commodity derivatives | 0 | 0 |
Commodity Contract [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||
Liabilities: | ||
Electricity commodity derivatives | 1 | 1 |
Commodity Contract [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
||
Liabilities: | ||
Electricity commodity derivatives | 0 | 0 |
Interest Rate Contract [Member]
|
||
Liabilities: | ||
Interest rate derivatives | 11 | 24 |
Interest Rate Contract [Member] | Quoted Prices in Active Markets (Level 1) [Member]
|
||
Liabilities: | ||
Interest rate derivatives | 0 | 0 |
Interest Rate Contract [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||
Liabilities: | ||
Interest rate derivatives | 11 | 24 |
Interest Rate Contract [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
||
Liabilities: | ||
Interest rate derivatives | 0 | 0 |
Foreign Exchange Contract [Member]
|
||
Liabilities: | ||
Foreign currency derivatives | 14 | 3 |
Foreign Exchange Contract [Member] | Quoted Prices in Active Markets (Level 1) [Member]
|
||
Liabilities: | ||
Foreign currency derivatives | 0 | 0 |
Foreign Exchange Contract [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||
Liabilities: | ||
Foreign currency derivatives | 14 | 3 |
Foreign Exchange Contract [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
||
Liabilities: | ||
Foreign currency derivatives | 0 | 0 |
Quoted Prices in Active Markets (Level 1) [Member]
|
||
Assets: | ||
Cash equivalents | 539 | 468 |
Available-for-sale securities | 142 | 148 |
Interest in available-for-sale securities of unconsolidated entities | 113 | 103 |
Interest rate derivatives | 0 | 0 |
Total assets | 794 | 719 |
Significant Other Observable Inputs (Level 2) [Member]
|
||
Assets: | ||
Cash equivalents | 0 | 0 |
Available-for-sale securities | 0 | 0 |
Interest in available-for-sale securities of unconsolidated entities | 0 | 0 |
Interest rate derivatives | 32 | 38 |
Total assets | 32 | 38 |
Significant Unobservable Inputs (Level 3) [Member]
|
||
Assets: | ||
Cash equivalents | 0 | 0 |
Available-for-sale securities | 0 | 0 |
Interest in available-for-sale securities of unconsolidated entities | 0 | 0 |
Interest rate derivatives | 0 | 0 |
Total assets | $ 0 | $ 0 |
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair Value, Assets Measured on Recurring Basis, Available-for-sale securities. No definition available.
|
X | ||||||||||
- Definition
Fair Value, Assets Measured on Recurring Basis, Cash Equivalents. No definition available.
|
X | ||||||||||
- Definition
Fair Value, Assets Measured on Recurring Basis, Interest Rate Derivatives. No definition available.
|
X | ||||||||||
- Definition
Fair Value, Assets Measured on Recurring Basis, Total. No definition available.
|
X | ||||||||||
- Definition
Fair value liabilities measured on recurring basis electricity commodity derivatives. No definition available.
|
X | ||||||||||
- Definition
Fair Value, Liabilities Measured on Recurring Basis, Foreign Currency Derivatives. No definition available.
|
X | ||||||||||
- Definition
Fair Value, Liabilities Measured on Recurring Basis, Interest Rate Derivatives. No definition available.
|
X | ||||||||||
- Definition
Fair Value, Liabilities Measured on Recurring Basis, Total. No definition available.
|
X | ||||||||||
- Definition
Fair Value of Restricted Trust Funds and Escrow Accounts for which the company is not the sole beneficiary, specifically for future settlement of landfill and environmental remediation liabilities. No definition available.
|
Fair Value Measurements (Details Textual) (USD $)
In Billions, unless otherwise specified |
Mar. 31, 2011
|
Dec. 31, 2010
|
---|---|---|
Fair Value Measurements (Textuals) [Abstract] | ||
Carrying value of debt | $ 9.2 | $ 8.9 |
Estimated fair value of debt | $ 9.5 | $ 9.2 |
X | ||||||||||
- Definition
Sum of the carrying values as of the balance sheet date of all debt, including all short-term borrowings, long-term debt, and capital lease obligations. No definition available.
|
X | ||||||||||
- Definition
Estimated fair value of debt at the balance-sheet date. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment losses recognized. No definition available.
|
X | ||||||||||
- Definition
The cash outflow associated with other investments held by the entity for investment purposes not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying amount of the variable interest entity's assets consolidated into the statement of financial position. In general, a VIE is a corporation, partnership, trust, or any other legal structure used for business purposes that either (a) does not have equity investors with voting rights or (b) has equity investors that do not provide sufficient financial resources for the entity to support its activities. A VIE often holds financial assets, including loans or receivables, real estate or other property. A VIE may be essentially passive or it may engage in research and development or other activities on behalf of another company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of the VIE's voting interest owned by the registrant. In general, a VIE is a corporation, partnership, trust, or any other legal structure used for business purposes that either (a) does not have equity investors with voting rights or (b) has equity investors that do not provide sufficient financial resources for the entity to support its activities. A VIE often holds financial assets, including loans or receivables, real estate or other property. A VIE may be essentially passive or it may engage in research and development or other activities on behalf of another company. No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment Non Cash Component. No definition available.
|
X | ||||||||||
- Definition
Fair Value of Restricted Trust Funds and Escrow Accounts for which the company is not the sole beneficiary, specifically for future settlement of landfill and environmental remediation liabilities. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Variable Interest Entity, Noncontrolling Interest in Consolidated Net Income. No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Reporting Entity Percentage Of Interest In Earnings After Achieving Targeted Returns. No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity Stockholders' Equity Attributable To Non Controlling Interest. No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Third Parties' Percentage Of Interest In Earnings After Achieving Targeted Returns. No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Third Party Initial Investment. No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Third Party Ownership Percentage of Company One. No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Third Party Ownership Percentage of Company Two. No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of the sum of short-term debt and current maturities of long-term debt and capital lease obligations, which are due within one year (or one business cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. No definition available.
|
X | ||||||||||
- Definition
Total of all Liabilities and Stockholders' Equity items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer plus capital lease obligations due to be paid more than one year after the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Investments In And Advances To Affiliates. No definition available.
|
X | ||||||||||
- Definition
Total Current Assets excluding Cash and Cash Equivalents. No definition available.
|
X | ||||||||||
- Definition
Total Current Liabilities excluding current portion of long-term debt. No definition available.
|
X | ||||||||||
- Definition
Total Long Term Assets excluding Property, Plant and Equipment and Investments in and Advances to Affiliates. No definition available.
|
X | ||||||||||
- Definition
Total long-term liabilities excluding long-term debt. No definition available.
|
X | ||||||||||
- Definition
Total costs of sales and operating expenses for the period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of net income (loss) attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity in net losses of unconsolidated entities and other, net No definition available.
|
X | ||||||||||
- Definition
Equity in subsidiaries, Net of taxes. No definition available.
|
X | ||||||||||
- Definition
Sum of operating profit and nonoperating income (expense) before income taxes, extraordinary items, cumulative effects of changes in accounting principles, and Noncontrolling interest. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Interest and Other Income (Expense), Total. No definition available.
|
X | ||||||||||
- Definition
Interest income (expense). No definition available.
|
X | ||||||||||
- Definition
The sum of adjustments which are added to or deducted from net income or loss, including the portion attributable to noncontrolling interest, to reflect cash provided by or used in operating activities, in accordance with the indirect cash flow method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net change between the beginning and ending balance of cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow (outflow) from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net cash inflow (outflow) from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow from the distribution of an entity's earnings in the form of dividends to common shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with security instrument that either represents a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with security instrument that either represents a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. The nature of such security interests included herein may consist of debt securities, long-term capital lease obligations, and capital securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Change in intercompany and investments, net. No definition available.
|
X | ||||||||||
- Definition
Distributions paid to noncontrolling interests and other. No definition available.
|
X | ||||||||||
- Definition
Equity in earnings of subsidiaries, Net of taxes. No definition available.
|
X | ||||||||||
- Definition
Net receipts from restricted trust and escrow account and other, net. No definition available.
|
X | ||||||||||
- Definition
This element represents the cash inflow during the period from the sale of businesses and other assets. No definition available.
|