Document and Entity Information (USD $)
In Billions, except Share data, unless otherwise specified |
9 Months Ended | ||
---|---|---|---|
Sep. 30, 2011
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Oct. 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 | Sep. 30, 2011 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2011 | ||
Document Fiscal Period Focus | Q3 | ||
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 | 460,330,016 |
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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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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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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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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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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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- 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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- 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 |
Sep. 30, 2011
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Dec. 31, 2010
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Current assets: | ||
Allowance for doubtful accounts | $ 31 | $ 26 |
Long-term assets | ||
Accumulated depreciation and amortization | $ 15,107 | $ 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 | 169,078,749 | 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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- 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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- 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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- 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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- 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
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. 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
Amount charged against earnings in the period for incurred and estimated costs, excluding asset retirement obligations, associated with exit from or disposal of business activities or restructurings pursuant to a program that is planned and controlled by management, and materially changes either the scope of a business undertaken by an entity, or the manner in which that business is conducted. 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
The aggregate amount of asset impairment charges, gains and losses related to the divestiture of businesses, and unusual items incurred during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). No definition available.
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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.
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- Definition
Interest and Other Income (Expense), Total. No definition available.
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- Details
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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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X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
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 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
The non-cash portion of the aggregate amount of asset impairment charges, gains and losses related to the divestiture of businesses, and unusual items incurred during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). 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. No definition available.
|
X | ||||||||||
- Definition
Other Transaction shares. No definition available.
|
X | ||||||||||
- Details
|
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
|
9 Months Ended | ||||
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Sep. 30, 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, including the operations of Oakleaf Global Holdings
(“Oakleaf”) acquired on July 28, 2011, which are
presented in this report as “Other.” Additional
information related to our segments and to our acquisition of
Oakleaf can be found in Note 9 and in Note 10,
respectively.
The Condensed Consolidated Financial Statements as of and for
the three and nine months ended September 30, 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.
Adoption
of New Accounting Pronouncements
Multiple-Deliverable Revenue Arrangements — In
October 2009, the Financial Accounting Standards Board
(“FASB”) amended authoritative guidance associated
with multiple-deliverable revenue arrangements. This amended
guidance addresses the determination of when individual
deliverables within an arrangement are required to 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 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
|
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Sep. 30, 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
nine months ended September 30, 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 $121 million at
September 30, 2011 and is included in long-term “Other
assets” in our Condensed Consolidated Balance Sheet. Our
portion of the trusts that have been established for the benefit
of both the Company and the host community in which we operate
had an aggregate carrying value of $108 million at
September 30, 2011 and are recorded in “Other
receivables” and as long-term “Other assets” in
our Condensed Consolidated Balance Sheet. See Note 14 for
additional information related to these trusts.
|
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
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 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
September 30, 2011:
Debt
Classification
As of September 30, 2011, we had $348 million of debt
maturing within the next twelve months, including
U.S. $133 million under our Canadian credit facility.
We have classified $123 million of these borrowings as
long-term as of September 30, 2011 based on our intent and
ability to refinance these borrowings on a long-term basis.
Debt
Borrowings and Repayments
The significant changes in our debt balances from
December 31, 2010 to September 30, 2011 are related to
the following:
Canadian credit facility — The decrease in the
carrying value is primarily due to $77 million of debt
repayments during the nine months ended September 30, 2011.
Senior notes — 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. In August
2011, we issued $500 million of 2.60% senior notes due
September 2016. The net proceeds from the debt issuance were
$497 million. A portion of the proceeds was used to repay
the $100 million borrowing under our $2.0 billion
revolving credit facility incurred in connection with our
acquisition of Oakleaf, which is discussed below.
Tax-exempt bonds — We issued $80 million
of tax-exempt bonds during the nine months ended
September 30, 2011. The proceeds from the issuance of the
bonds were deposited directly into a trust fund and may only be
used for the specific purpose for which the money was raised.
Accordingly, the restricted funds provided by these financing
activities have not been included in “New borrowings”
in our Condensed Consolidated Statement of Cash Flows. During
the nine months ended September 30, 2011, we repaid
$25 million of our tax-exempt bonds with available cash.
Tax-exempt project bonds — We repaid
$30 million of tax-exempt project bonds with available cash
during the nine months ended September 30, 2011.
Capital leases and other — The decrease in our
capital leases and other debt obligations is primarily due to
the repayment of various borrowings upon their scheduled
maturities.
Revolving
Credit and Letter of Credit Facilities
As of September 30, 2011, we had an aggregate committed
capacity of $2.5 billion for letters of credit under
various credit facilities. In May 2011, we amended and restated
our $2.0 billion revolving credit facility as a result of
changes in market conditions, which significantly reduced the
cost of the facility. We also extended the term through May
2016. Our revolving credit facility is our primary source of
letter of credit capacity. Our remaining letter of credit
capacity is provided under facilities with terms that extend
from June 2013 to June 2015. As of September 30, 2011, we
had an aggregate of $1.5 billion of letters of credit
outstanding under various credit facilities. Approximately
$1.0 billion of these letters of credit have been issued
under our revolving credit facility. During the third quarter of
2011, we borrowed $100 million under our revolving credit
facility in connection with our acquisition of Oakleaf. These
borrowings were repaid with proceeds from our August 2011
issuance of senior notes. See Note 10 for additional
information related to this acquisition. There were no
outstanding borrowings under these credit facilities as of
September 30, 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
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 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):
We have not offset fair value amounts recognized for our
derivative instruments. For information related to the methods
used to measure our derivative assets and liabilities at fair
value, refer to Note 13.
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
September 30, 2011, we had approximately $6.1 billion
in fixed-rate senior notes outstanding compared with
$5.4 billion as of December 31, 2010. As of
September 30, 2011, the interest payments on
$1 billion, or 16%, 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 September 30, 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 has increased the carrying value of
our debt instruments by $108 million as of
September 30, 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):
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 ten-year life of the senior notes issued in
February 2011 using the effective interest method. The
incremental interest expense associated with these
forward-starting interest rate swaps was immaterial during the
three and nine months ended September 30, 2011. As of
September 30, 2011, the amount scheduled to be reclassified
as an increase to interest expense over the next twelve months
is immaterial.
The forward-starting interest rate swaps outstanding as of
September 30, 2011 relate to anticipated debt issuances in
November 2012 and March 2014. As of September 30, 2011, the
fair value of these active interest rate derivatives was
comprised of $68 million of long-term liabilities compared
with $13 million of long-term liabilities as of
December 31, 2010.
We recognized pre-tax and after-tax losses of $46 million
and $28 million, respectively, to other comprehensive
income for changes in the fair value of our forward-starting
interest rate swaps during the three months ended
September 30, 2011 and $53 million and
$33 million, respectively, during the nine months ended
September 30, 2011. We recognized pre-tax and after-tax
losses of $22 million and $13 million, respectively,
to other comprehensive income for changes in the fair value of
our forward-starting interest rate swaps during the three months
ended September 30, 2010 and $68 million and
$41 million, respectively, during the nine months ended
September 30, 2010. There was no significant
ineffectiveness associated with these hedges during the three
and nine months ended September 30, 2011 or 2010.
Treasury
Rate Locks
In prior years, we 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 $13 million at September 30, 2011 and
$16 million at December 31, 2010, which are included
in “Accumulated other comprehensive income.” These
deferred losses are reclassified as an increase 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, for the
three-month periods ended September 30, 2011 and
September 30, 2010, and pre-tax and after-tax amounts of
$6 million and $3 million, respectively, for the
nine-month periods ended September 30, 2011 and
September 30, 2010, were reclassified out of accumulated
other comprehensive income and into interest expense. As of
September 30, 2011, $7 million (on a pre-tax basis) is
scheduled to be reclassified as an increase to interest expense
over the next twelve months.
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 September 30, 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
Currency 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
(“WM Holdings”), and its Canadian subsidiaries.
As of September 30, 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. The gains or losses on our foreign currency forward
contracts that are reclassified out of accumulated other
comprehensive income are recognized as adjustments to other
income and expense, which is the same financial statement line
item where offsetting gains or 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 after-tax gains of $15 million and
$7 million during the three and nine months ended
September 30, 2011, respectively, as compared with the
recognition of after-tax losses of $7 million and
$4 million during the three and nine months ended
September 30, 2010, respectively. After-tax adjustments for
the reclassification of gains from accumulated other
comprehensive income into income were $20 million and
$13 million during the three and nine months ended
September 30, 2011, respectively. After-tax adjustments for
the reclassification of losses from accumulated other
comprehensive income into income were $7 million and
$4 million during the three and nine months ended
September 30, 2010, respectively. There was no significant
ineffectiveness associated with these hedges during the three
and nine months ended September 30, 2011 or 2010.
Electricity
Commodity Derivatives
As a result of the expiration of certain long-term 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 executed through September 30, 2011
are expected to hedge about 1.6 million megawatt hours, or
49%, of the Group’s full year 2011 merchant electricity
sales. For the three-month periods ended September 30, 2011
and 2010, we hedged 46% and 22%, respectively, of our merchant
electricity sales. For the nine-month periods ended
September 30, 2011 and 2010, we hedged 49% and 24%,
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 the three and nine-month periods ended
September 30, 2011 and 2010.
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- Definition
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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9 Months Ended | ||||
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Sep. 30, 2011
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Income Taxes [Abstract] | |||||
Income Taxes |
Our effective income tax rate for the three and nine months
ended September 30, 2011 was 32.3% and 34.0%, respectively,
compared with 37.3% and 39.8% for the comparable prior year
periods. We evaluate our effective income tax rate at each
interim period and adjust it accordingly as facts and
circumstances warrant. The differences between federal income
taxes computed at the federal statutory rate and reported income
taxes for the three and nine months ended September 30,
2011 were primarily due to the favorable impact of federal tax
credits, audit settlements and adjustments to our accruals due
to the filing of our 2010 income tax returns offset in part by
the unfavorable impact of state and local income taxes. The
differences between federal income taxes computed at the federal
statutory rate and reported income taxes for the three and nine
months ended September 30, 2010 were primarily due to an
increase in our state deferred income taxes to reflect the
impact of changes in the estimated income tax rate at which
temporary differences would be realized and the unfavorable
impact of state and local income taxes, offset in part by the
favorable impact of federal tax credits.
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 and other reductions in “Equity in net losses of
unconsolidated entities,” within our Condensed Consolidated
Statement of Operations. Losses relating to our investment in
this entity were immaterial for the three and nine months ended
September 30, 2011. Our tax provision for the three and
nine months ended September 30, 2011 was reduced by
$4 million and $11 million, respectively, primarily as
a result of tax credits realized from this investment. See
Note 14 for additional information related to this
investment.
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. 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 and nine
months ended September 30, 2011, we recognized
$5 million and $17 million of losses relating to our
equity investment in this entity, $2 million and
$6 million of interest expense, and a reduction in our tax
provision of $9 million (including $7 million of tax
credits) and $27 million (including $18 million of tax
credits), respectively. During the three and nine months ended
September 30, 2010, we recognized $4 million and
$12 million of losses associated with our equity
investment, $3 million and $4 million of interest
expense, and a reduction in our tax provision of $7 million
(including $4 million of tax credits) and $18 million
(including $12 million of tax credits), respectively.
Recent Legislation — 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 from
September 8, 2010 through 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 in the current period 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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- Definition
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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Sep. 30, 2011
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Comprehensive Income [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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- Definition
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 [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share |
Basic and diluted earnings per share were computed using the
following common share data (shares in millions):
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- Definition
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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9 Months Ended | ||||
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Sep. 30, 2011
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Commitments and Contingencies [Abstract] | |||||
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 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
September 30, 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 21 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 $285 million recorded in
the Condensed Consolidated Financial Statements as of
September 30, 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 September 30, 2011, we had been notified that we are
a PRP in connection with 79 locations listed on the EPA’s
Superfund National Priorities List, or NPL. Of the 79 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 62 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, certain 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 attempts to increase the
recovery of a class of ERISA plan participants on behalf of the
plan 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, the
litigation against WM in Texas that was settled in 2002, as well
as the decision to offer WM common stock as an investment option
within the plan beginning in 1990, despite alleged knowledge by
at least two members of the investment committee of financial
misstatement by WM during the relevant time period.
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.
Previously, plaintiffs dismissed all claims related to the
settlement of the securities class action against WM that was
settled in 2002, and the court certified a limited class of
participants who may bring claims on behalf of the plan, but not
individually. During the third quarter of 2011, the Court ruled
in favor of WM and two former employees dismissing all claims
brought by the plaintiffs related to the decision to offer WM
stock as an investment option within the plan. The Court still
has under consideration additional motions that, if granted,
would resolve the few remaining claims against WM and its
Committees. The outcome of this lawsuit cannot be predicted with
certainty. The defendants intend to defend themselves vigorously
in this litigation.
Two separate wage and hour lawsuits were commenced in October
2006 and March 2007 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 our
subsidiaries 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. Following hearings held on July 15, 2011 and
October 21, 2011, the Court approved the class action
settlement and final judgment. The settlement did not have a
material effect on our consolidated financial statements.
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
pertained to our fuel and environmental charge in our customer
service agreements and generally alleged that such charges were
not properly disclosed, were unfair and were contrary to the
contracts. We filed a motion to dismiss that was partially
granted during the third quarter of 2010, resulting in dismissal
of the plaintiffs’ national class action claims. During the
third quarter of 2011, the plaintiffs filed and the Court
granted a motion to dismiss the litigation without prejudice.
In October 2011, we were named as a defendant in a purported
class action in the Circuit Court of Sarasota County, Florida.
This suit was filed by the same law firm that brought the
Alabama litigation discussed in the prior paragraph, and it also
pertains to our fuel and environmental charges in our customer
service agreements, generally alleging that such charges were
not properly disclosed, were unfair and were contrary to the
contracts. We will vigorously defend this matter. Given the
inherent uncertainties of litigation, the ultimate outcome of
this case 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 completed a binding
arbitration and are awaiting the arbitrator’s decision.
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 principal 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 matter pending as of
September 30, 2011 is 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 an 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.
Additionally, the following matters previously reported were
resolved during the third quarter of 2011 as set forth below.
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
(“RCRA”). In this matter, the EPA sought civil
penalties for the violations alleged, which related primarily to
management of landfill leachate, laboratory protocols, and the
management and disposal of certain hazardous waste. On
August 23, 2011, Chemical Waste Management, Inc. settled
the RCRA enforcement action with the EPA through entry of a
Consent Agreement/Final Order. Under the agreement, Chemical
Waste Management, Inc. paid a penalty of $400,000 on
September 12, 2011 and will implement certain corrective
actions and process changes.
On April 11, 2011, Waste Management LampTracker,
Inc.’s Kaiser, Missouri facility was notified that the EPA
would be filing an administrative complaint and assessing civil
penalties for alleged RCRA violations relating to container and
facility management and the handling of certain waste. On
September 12, 2011, Waste Management LampTracker, Inc.
settled the RCRA enforcement action with the EPA through entry
of a Consent Agreement/Final Order and paid a penalty of
$118,800. As a result of the agreement, Waste Management
LampTracker, Inc. will implement a corrective action at the
facility.
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 have participated 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. A complete or partial withdrawal from a
multiemployer pension plan may also occur if employees covered
by a collective bargaining agreement vote to decertify a union
from continuing to represent them. In October 2011, our last
remaining group of employees that were active participants in
the Central States Pension Plan voted to decertify the union
that represented them, ceasing any contribution obligation and
effectively withdrawing them from the Central States Pension
Plan.
We recognized charges to “Operating” expenses of
$26 million, largely 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 units’ agreements. We are still
negotiating and litigating final resolutions of our withdrawal
liability for previous withdrawals and our recent final
withdrawal referenced above, 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 three
and 15 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.
On July 28, 2011, we acquired Oakleaf, which is currently
under IRS examination for the tax periods ended
December 31, 2005 through December 31,
2008. We expect this examination to be completed within the next
12 months. In addition, Oakleaf is subject to state income
tax examinations for years dating back to 2002. Pursuant to the
terms of our acquisition of Oakleaf, we are entitled to
indemnification for Oakleaf’s tax liabilities. We maintain
a liability for uncertain tax positions, 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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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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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, including the Oakleaf operations we
acquired on July 28, 2011, are presented herein as
“Other.” See Note 10 for additional information
related to our acquisition of Oakleaf.
Summarized financial information concerning our reportable
segments for the three and nine months ended September 30 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. Historically, the volumes
of industrial and residential waste in certain regions in which
we operate have tended 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 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 revenues
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 2010, our Midwest Group
recognized $26 million in charges, largely in the first
quarter, 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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Acquisition of Oakleaf Global Holdings
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
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Acquisition of Oakleaf Global Holdings [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition of Oakleaf Global Holdings |
On July 28, 2011, we paid $432 million, net of cash
received of $4 million and inclusive of certain
adjustments, to acquire Oakleaf Global Holdings and its primary
operations. Oakleaf provides outsourced waste and recycling
services through a nationwide network of third-party haulers.
The operations we acquired generated approximately
$580 million in revenues in 2010. We acquired Oakleaf to
advance our growth and transformation strategies and increase
our national accounts customer base while enhancing our ability
to provide comprehensive environmental solutions. For the three
and nine months ended September 30, 2011, we incurred
$1 million of acquisition-related costs, which are
classified as Selling, general and administrative expense. Since
the acquisition date, Oakleaf has recognized revenues of
$112 million and net losses of less than $1 million,
which are included in our Condensed Consolidated Statement of
Operations. We have recorded a preliminary allocation of the
purchase price to Oakleaf
tangible and intangible assets acquired and liabilities assumed
based on their estimated fair values as of July 28, 2011.
The allocation of the purchase price shown in the table below is
preliminary and subject to change based on the finalization of
our detailed valuations. The preliminary purchase price
allocation is as follows (in millions):
The following table presents the preliminary allocation of the
purchase price to intangible assets (amounts in millions, except
for amortization periods):
Goodwill of $320 million was calculated as the excess of
the consideration paid over the net assets recognized and
represents the future economic benefits arising from other
assets acquired that could not be individually identified and
separately recognized. Goodwill is a result of expected
synergies from combining the Company’s operations with
Oakleaf’s national accounts customer base and vendor
network. The vendor-hauler network expands our partnership with
third-party service providers. In many cases we can provide
vendor-haulers with opportunities to maintain and increase their
business by utilizing our extensive post-collection network. We
believe this will generate significant benefits for the Company
and for the vendor-haulers. Goodwill acquired will be allocated
to our operating segments upon completion of our detailed
valuations. Goodwill is not deductible for income tax purposes.
The following pro forma consolidated results of operations have
been prepared as if the acquisition of Oakleaf occurred at
January 1, 2010 (in millions, except per share amounts):
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Description of a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. This element may be used as a single block of text to encapsulate the entire disclosure (including data and tables) regarding business combinations, including leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Restructuring
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Sep. 30, 2011
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Restructuring [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring |
In July 2011, we took steps to streamline our organization as
part of our cost savings programs. This reorganization
eliminated over 700 employee positions throughout the
Company, including approximately 300 open positions. During
the three and nine months ended September 30, 2011, we
recognized $14 million of pre-tax restructuring charges
related to employee severance and benefit costs associated with
this reorganization. The following table summarizes the employee
severance and benefit costs and other charges recognized for
this restructuring by each of our current reportable segments
and our Corporate and Other organization for the three and nine
months ended September 30, 2011 (in millions):
Through September 30, 2011, we have paid approximately
$4 million of the employee severance and benefit costs
incurred as a result of this restructuring.
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- Definition
Description of restructuring activities including exit and disposal activities, which should include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. This description does not include restructuring costs in connection with a business combination or discontinued operations and long-lived assets (disposal groups) sold or classified as held for sale. 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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(Income) Expense from Divestitures, Asset Impairments and Unusual Items
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(Income) Expense from Divestitures, Asset Impairments and Unusual Items [Abstract] | |||||
(Income) Expense from Divestitures, Asset Impairments and Unusual Items |
During the third quarter of 2011, we recognized impairment
charges relating to two facilities in our medical waste services
business as a result of the closure of one site and as a result
of continuing operating losses at the other site. We wrote down
the net book values of the sites to their estimated fair values.
We filed a lawsuit in March 2008 related to the revenue
management software implementation that was suspended in 2007
and abandoned in 2009. Accordingly, in 2009, we recognized a
non-cash charge of $51 million for the abandonment of the
licensed software. In April 2010, we settled the lawsuit and
received a one-time cash payment. The settlement increased our
“Income from operations” for the nine months ended
September 30, 2010 by $77 million.
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- Definition
Any additional information related to the determination or classification of material events or transactions that are abnormal or significantly different from typical activities or are not reasonably expect to recur in the foreseeable future; but not both, and therefore does not meet both criteria for classification as an extraordinary item. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. No definition available.
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Fair Value Measurements
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Sep. 30, 2011
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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 September 30, 2011, the carrying value of our debt was
approximately $9.6 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
$10.6 billion at September 30, 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. The increase in the fair value of our debt
when comparing September 30, 2011 with December 31,
2010 is primarily related to $753 million of net borrowings
during 2011 associated with our senior notes. Increases in
market prices for corporate debt securities and decreases in
current market rates on fixed-rate tax-exempt bonds also
contributed to the increase in the fair value of debt for the
reported period.
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 September 30, 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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Variable Interest Entities
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9 Months Ended | ||||
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Sep. 30, 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 (“Hancock”) owns 99.5% of LLC I
and 99.75% of LLC II is owned by LLC I and the CIT Group
(“CIT”). 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 ownership interests. All capital allocations made
through September 30, 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 September 30, 2011, our Condensed Consolidated
Balance Sheet includes $310 million of net property and
equipment associated with the LLCs’
waste-to-energy
facilities and $248 million in noncontrolling interests
associated with Hancock’s and CIT’s interests in the
LLCs. As of September 30, 2011, all debt obligations of the
LLCs have been paid in full and, therefore, the LLCs have no
liabilities. We recognized reductions in earnings of
$13 million and $38 million for the three and nine
months ended September 30, 2011 and 2010, respectively, 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 September 30, 2011, our investment
balance was $42 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 future
contributions to the extent tax credits are generated. We
determined that we are not the primary beneficiary of this
entity as we do not have the power to 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 September 30,
2011, our investment balance was $184 million and our debt
balance was $181 million. We determined that we are not the
primary beneficiary of this entity as we do not have the power
to 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 equity 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 an aggregate carrying
value of $108 million as of September 30, 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
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Condensed Consolidating Financial Statements
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 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
September 30,
2011
(Unaudited)
December 31,
2010
CONDENSED
CONSOLIDATING STATEMENTS OF OPERATIONS
Three
Months Ended September 30, 2011
(Unaudited)
Three
Months Ended September 30, 2010
(Unaudited)
Nine
Months Ended September 30, 2011
(Unaudited)
Nine
Months Ended September 30, 2010
(Unaudited)
CONDENSED
CONSOLIDATING STATEMENTS OF CASH FLOWS
Nine Months Ended September 30, 2011 (Unaudited)
Nine
Months Ended September 30, 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
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New Accounting Pronouncements Pending Adoption
|
9 Months Ended | ||||
---|---|---|---|---|---|
Sep. 30, 2011
|
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New Accounting Pronouncements Pending Adoption [Abstract] | |||||
New Accounting Pronouncements Pending Adoption |
Fair Value Measurement — In May 2011, the FASB
amended authoritative guidance associated with fair value
measurements. This amended guidance defines certain requirements
for measuring fair value and for disclosing information about
fair value measurements in accordance with U.S. generally
accepted accounting principles. The amendments to authoritative
guidance associated with fair value measurements are effective
for the Company on January 1, 2012 and are to be applied
prospectively. We are in the process of assessing the provisions
of this new guidance and currently do not expect that the
adoption will have a material impact on our consolidated
financial statements.
Goodwill Impairment Testing — In September
2011, the FASB amended authoritative guidance associated with
goodwill impairment testing. The amended guidance provides
companies the option to first assess qualitative factors to
determine whether the existence of events or circumstances leads
to a determination that it is more likely than not that the fair
value of a reporting unit is less than its carrying amount
before performing the two-step impairment test. If, after
assessing the totality of events or circumstances, an entity
determines it is not more likely than not that the fair value of
a reporting unit is less than its carrying amount, then
performing the two-step impairment test is unnecessary. The
amendments are effective for goodwill impairment tests performed
for fiscal years beginning after December 15, 2011;
however, early adoption is permitted. We are in the process of
assessing the provisions of this new guidance and currently do
not expect that the adoption will have a material impact on our
consolidated financial statements.
Multiemployer Pension Plans — In September
2011, the FASB amended authoritative guidance associated with
disclosures about an employer’s participation in a
multiemployer plan. The amended disclosure requirements are
intended to provide more information about an employer’s
financial obligations to multiemployer plans and, therefore,
help financial statement users better understand the financial
health of all of the significant plans in which the employer
participates. The revised standard is effective for fiscal years
ending after December 15, 2011 and retrospective
application is required for all years presented. We are in the
process of assessing the provisions of this new guidance and
currently do not expect that the adoption of these new
disclosure requirements will have a material impact on our
consolidated financial statements.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
New accounting standards pending adoption. No definition available.
|
Basis of Presentation (Policies)
|
9 Months Ended |
---|---|
Sep. 30, 2011
|
|
Basis of Presentation (Policies) [Abstract] | |
Multiple-Deliverable Revenue Arrangements |
Multiple-Deliverable Revenue Arrangements — In
October 2009, the Financial Accounting Standards Board
(“FASB”) amended authoritative guidance associated
with multiple-deliverable revenue arrangements. This amended
guidance addresses the determination of when individual
deliverables within an arrangement are required to 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 reclassifications have been made to our prior period
consolidated financial information in order to conform to the
current year presentation.
|
Fair Value Measurement |
Fair Value Measurement — In May 2011, the FASB
amended authoritative guidance associated with fair value
measurements. This amended guidance defines certain requirements
for measuring fair value and for disclosing information about
fair value measurements in accordance with U.S. generally
accepted accounting principles. The amendments to authoritative
guidance associated with fair value measurements are effective
for the Company on January 1, 2012 and are to be applied
prospectively. We are in the process of assessing the provisions
of this new guidance and currently do not expect that the
adoption will have a material impact on our consolidated
financial statements.
|
Goodwill Impairment Testing |
Goodwill Impairment Testing — In September
2011, the FASB amended authoritative guidance associated with
goodwill impairment testing. The amended guidance provides
companies the option to first assess qualitative factors to
determine whether the existence of events or circumstances leads
to a determination that it is more likely than not that the fair
value of a reporting unit is less than its carrying amount
before performing the two-step impairment test. If, after
assessing the totality of events or circumstances, an entity
determines it is not more likely than not that the fair value of
a reporting unit is less than its carrying amount, then
performing the two-step impairment test is unnecessary. The
amendments are effective for goodwill impairment tests performed
for fiscal years beginning after December 15, 2011;
however, early adoption is permitted. We are in the process of
assessing the provisions of this new guidance and currently do
not expect that the adoption will have a material impact on our
consolidated financial statements.
|
Multiemployer Pension Plans |
Multiemployer Pension Plans — In September
2011, the FASB amended authoritative guidance associated with
disclosures about an employer’s participation in a
multiemployer plan. The amended disclosure requirements are
intended to provide more information about an employer’s
financial obligations to multiemployer plans and, therefore,
help financial statement users better understand the financial
health of all of the significant plans in which the employer
participates. The revised standard is effective for fiscal years
ending after December 15, 2011 and retrospective
application is required for all years presented. We are in the
process of assessing the provisions of this new guidance and
currently do not expect that the adoption of these new
disclosure requirements will have a material impact on our
consolidated financial statements.
|
X | ||||||||||
- Definition
Describes the entity's accounting policies for salaries, bonuses, incentive awards, postretirement and postemployment benefits granted to its employees, including share-based arrangements; describes its methodologies for measurement, and the bases for recognizing related assets and liabilities and recognizing and reporting compensation expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Describes an entity's accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
Fair value measurement. No definition available.
|
X | ||||||||||
- Definition
Reclassifications Policy. No definition available.
|
Landfill and Environmental Remediation Liabilities (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 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
nine months ended September 30, 2011 are reflected in the
table below (in millions):
|
X | ||||||||||
- Definition
Asset retirement obligation and environmental remediation costs roll forward analysis. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Liabilities for landfill and environmental remediation costs. No definition available.
|
Debt (Tables)
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 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
September 30, 2011:
|
X | ||||||||||
- Definition
Components of debt. No definition available.
|
X | ||||||||||
- Details
|
Derivative Instruments and Hedging Activities (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 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 |
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):
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Impact of periodic settlements of active swap agreements and the impact of terminated swap agreements on results of operations |
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 |
Gains or losses on the underlying hedged items attributable to
foreign currency exchange risk are recognized in current
earnings. The gains or losses on our foreign currency forward
contracts that are reclassified out of accumulated other
comprehensive income are recognized as adjustments to other
income and expense, which is the same financial statement line
item where offsetting gains or 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):
|
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)
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 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)
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 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)
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
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Segment and Related Information (Tables) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reportable segments |
Summarized financial information concerning our reportable
segments for the three and nine months ended September 30 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
|
Acquisition of Oakleaf Global Holdings (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
|
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Acquisition of Oakleaf Global Holdings (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preliminary Purchase Price Allocation |
|
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Preliminary allocation purchase price intangible assets |
The following table presents the preliminary allocation of the
purchase price to intangible assets (amounts in millions, except
for amortization periods):
|
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Pro forma consolidated results of operations |
The following pro forma consolidated results of operations have
been prepared as if the acquisition of Oakleaf occurred at
January 1, 2010 (in millions, except per share amounts):
|
X | ||||||||||
- Definition
Pro Forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. This element may be used as a single block of text to encapsulate all disclosures regarding the pro forma results of the combined entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Preliminary allocation purchase price intangible assets. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Restructuring (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
|
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Restructuring [Tables] [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||
Segment and Corporate and Other charges associated with restructuring, pre tax |
In July 2011, we took steps to streamline our organization as
part of our cost savings programs. This reorganization
eliminated over 700 employee positions throughout the
Company, including approximately 300 open positions. During
the three and nine months ended September 30, 2011, we
recognized $14 million of pre-tax restructuring charges
related to employee severance and benefit costs associated with
this reorganization. The following table summarizes the employee
severance and benefit costs and other charges recognized for
this restructuring by each of our current reportable segments
and our Corporate and Other organization for the three and nine
months ended September 30, 2011 (in millions):
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Segment and corporate and other charges associated with restructuring pre tax. No definition available.
|
Fair Value Measurements (Tables)
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 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)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
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Condensed Consolidating Financial Statements (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheets |
CONDENSED
CONSOLIDATING BALANCE SHEETS
September 30,
2011
(Unaudited)
December 31,
2010
|
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Condensed Consolidating Statements of Operations |
CONDENSED
CONSOLIDATING STATEMENTS OF OPERATIONS
Three
Months Ended September 30, 2011
(Unaudited)
Three
Months Ended September 30, 2010
(Unaudited)
Nine
Months Ended September 30, 2011
(Unaudited)
Nine
Months Ended September 30, 2010
(Unaudited)
|
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Condensed Consolidating Statements of Cash Flows |
CONDENSED
CONSOLIDATING STATEMENTS OF CASH FLOWS
Nine Months Ended September 30, 2011 (Unaudited)
Nine
Months Ended September 30, 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 |
Sep. 30, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
---|---|---|---|
Liabilities for landfill and environmental remediation costs | |||
Current (in accrued liabilities) | $ 150 | $ 148 | |
Long-term | 1,447 | 1,402 | |
Total | 1,597 | 1,550 | |
Landfill Liabilities [Member]
|
|||
Liabilities for landfill and environmental remediation costs | |||
Current (in accrued liabilities) | 105 | 105 | |
Long-term | 1,207 | 1,161 | |
Total | 1,312 | 1,266 | 1,267 |
Environmental Remediation Liabilities [Member]
|
|||
Liabilities for landfill and environmental remediation costs | |||
Current (in accrued liabilities) | 45 | 43 | |
Long-term | 240 | 241 | |
Total | $ 285 | $ 284 |
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 | ||||||||||
- 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
|
Landfill and Environmental Remediation Liabilities (Details Textual) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | |
---|---|---|---|
Sep. 30, 2011
|
Sep. 30, 2011
|
Dec. 31, 2010
|
|
Landfill and Environmental Remediation Liabilities (Textual) [Abstract] | |||
Fair value of trust funds and escrow accounts | $ 121 | $ 121 | |
Carrying value of restricted trust funds and escrow accounts for which company is the not sole beneficiary specifically for future settlement of landfill and environmental remediation liabilities | 108 | 108 | |
Risk-free discount rate of the obligations | 2.00% | 2.00% | 3.50% |
Accrual for environmental loss contingencies material changes in accrual from change in discount rate | 25 | 25 | |
Favorable revision to remediation liability at closed site to partially offset the charge | $ 9 |
X | ||||||||||
- Definition
Rate applied to the undiscounted amount of environmental loss contingencies to arrive at the present value recorded as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accrual for environmental loss contingencies material changes in accrual from change in discount rate. No definition available.
|
X | ||||||||||
- Definition
Carrying 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 | ||||||||||
- 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 | ||||||||||
- Definition
Favorable revision to remediation liability at closed site to partially offset the charge. No definition available.
|
X | ||||||||||
- Details
|
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.
|
Debt (Details Textual) (USD $)
|
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2011
|
Sep. 30, 2011
|
Feb. 28, 2011
4.60% senior notes due March 2021 [Member]
|
Mar. 31, 2011
7.65% senior notes [Member]
|
Aug. 31, 2011
2.60% Senior Notes due September 2016 [Member]
|
Sep. 30, 2011
Capital leases and other [Member]
|
Sep. 30, 2011
Senior notes and debentures [Member]
|
Dec. 31, 2010
Senior notes and debentures [Member]
|
Sep. 30, 2011
Tax exempt project bonds [Member]
|
Dec. 31, 2010
Tax exempt project bonds [Member]
|
Sep. 30, 2011
Tax exempt bonds [Member]
|
Dec. 31, 2010
Tax exempt bonds [Member]
|
Sep. 30, 2011
Canadian credit facility [Member]
|
Dec. 31, 2010
Canadian credit facility [Member]
|
Sep. 30, 2011
Revolving Credit Facility [Member]
|
Sep. 30, 2011
Revolving Credit Facility [Member]
|
Sep. 30, 2011
Letter of Credit [Member]
|
|
Debt (Textual) [Abstract] | |||||||||||||||||
Weighted average interest rate | 6.00% | 6.50% | 1.40% | 2.50% | 3.00% | 3.10% | |||||||||||
Interest rate upper range | 0.12 | 0.0775 | 0.034 | 0.074 | |||||||||||||
Interest rate lower range | 0.0260 | 0.002 | 0.002 | ||||||||||||||
Issuance of senior notes | $ 400,000,000 | $ 500,000,000 | |||||||||||||||
Repayment of senior notes matured | 147,000,000 | ||||||||||||||||
Repayment under revolving credit facility | 100,000,000 | ||||||||||||||||
Borrowing under revolving credit facility | 100,000,000 | ||||||||||||||||
Interest rate of Senior notes | 4.60% | 7.65% | 2.60% | ||||||||||||||
Debt maturing within twelve months, total | 348,000,000 | 133,000,000 | |||||||||||||||
Start period of maturity for debt instruments | 2013 | ||||||||||||||||
End period of maturity for debt instruments | 2050 | 2039 | 2029 | 2041 | 2016 | 2015 | |||||||||||
Weighted average effective interest rate | 2.30% | 2.20% | |||||||||||||||
Net Repayment of Canadian credit facility debt | 77,000,000 | ||||||||||||||||
Revolving credit facility, total capacity | 2,000,000,000 | 2,000,000,000 | |||||||||||||||
Debt (Additional) (Textual) [Abstract] | |||||||||||||||||
Debt maturing within 12 months classified as long-term | 123,000,000 | ||||||||||||||||
Issuance of tax exempt bonds | 80,000,000 | ||||||||||||||||
Repayment of tax-exempt bonds | 25,000,000 | ||||||||||||||||
Repayment of tax-exempt project bonds | 30,000,000 | ||||||||||||||||
Letter of credit outstanding, revolving credit and letter of credit facilities | 1,500,000,000 | ||||||||||||||||
Proceeds from the debt issuance | 396,000,000 | 497,000,000 | |||||||||||||||
Revolving credit and credit facilities, aggregate capacity | 2,500,000,000 | ||||||||||||||||
Letter of credit outstanding, revolving credit facility | $ 1,000,000 |
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
When presenting a range of maturity dates, the latest date when the outstanding debt instruments are required to be repaid. May be presented in a variety of ways (for example: year only, month and year, day, month and year, and number of years). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
When presenting a range of maturity dates, the earliest date when the outstanding debt instruments are required to be repaid. May be presented in a variety of ways (for example: year only, month and year, day, month and year, and number of years). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net increase or decrease in the carrying amount of the debt instrument for the period. 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
The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to pay off an obligation from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity. 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
Issuance of tax exempt bonds. No definition available.
|
X | ||||||||||
- Definition
Letter of credit outstanding, revolving credit and letter of credit facilities. No definition available.
|
X | ||||||||||
- Definition
Letter of credit outstanding revolving credit facility. No definition available.
|
X | ||||||||||
- Definition
Repayment of tax-exempt bonds. No definition available.
|
X | ||||||||||
- Definition
Repayment of tax-exempt project bonds. No definition available.
|
X | ||||||||||
- Definition
Revolving credit and credit facilities, aggregate capacity. No definition available.
|
X | ||||||||||
- Definition
Revolving credit facility 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
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 | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011
|
Sep. 30, 2010
|
Sep. 30, 2011
|
Sep. 30, 2010
|
|
Gain (Loss) on 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 on results of operations | $ 25 | $ 10 | $ 37 | $ 24 |
Gain (Loss) on 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 on results of operations | $ (25) | $ (10) | $ (37) | $ (24) |
X | ||||||||||
- Definition
The amount of net gains and losses recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Instruments and Hedging Activities (Details 2) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2011
|
Sep. 30, 2010
|
Sep. 30, 2011
|
Sep. 30, 2010
|
|||||||
Impact of periodic settlements of active swap agreements and the impact of terminated swap agreements on our results of operations | ||||||||||
Decrease to interest expense due to hedge accounting for interest rate swaps for periodic settlements of active swap agreements | $ 7 | [1] | $ 6 | [1] | $ 18 | [1] | $ 24 | [1] | ||
Decrease to interest expense due to hedge accounting for interest rate swaps for terminated swap agreements | 2 | 4 | 8 | 15 | ||||||
Total | $ 9 | $ 10 | $ 26 | $ 39 | ||||||
|
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 Contracts [Member], Other income (expense) [Member], USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011
|
Sep. 30, 2010
|
Sep. 30, 2011
|
Sep. 30, 2010
|
|
Foreign Exchange Contracts [Member] | Other income (expense) [Member]
|
||||
Impacts of foreign currency cash flow derivatives on results of operations and comprehensive income, pre-tax | ||||
Derivative Gain or (Loss) Recognized in OCI (Effective Portion) | $ 25 | $ (12) | $ 11 | $ (7) |
Derivative Gain or (Loss) Reclassified from AOCI into Income (Effective Portion) | $ 33 | $ (12) | $ 21 | $ (7) |
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
Expected number of megawatt hours hedged by electricity swaps. No definition available.
|
X | ||||||||||
- Definition
Expected percentage of merchant electricity sales hedged. No definition available.
|
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 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
Tenor of senior notes issued in February 2011. No definition available.
|
X | ||||||||||
- Definition
Treasury Rate Lock Scheduled to be Reclassified into Interest Expense. No definition available.
|
Income Taxes (Details Textual) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2011
|
Sep. 30, 2010
|
Sep. 30, 2011
|
Sep. 30, 2010
|
Dec. 31, 2011
|
Apr. 30, 2010
Low-Income Housing Properties [Member]
|
Sep. 30, 2011
Low-Income Housing Properties [Member]
|
Sep. 30, 2010
Low-Income Housing Properties [Member]
|
Sep. 30, 2011
Low-Income Housing Properties [Member]
|
Sep. 30, 2010
Low-Income Housing Properties [Member]
|
Jan. 30, 2011
Investment in Refined Coal Facility [Member]
|
Sep. 30, 2011
Investment in Refined Coal Facility [Member]
|
Sep. 30, 2011
Investment in Refined Coal Facility [Member]
|
|
Schedule of Equity Method Investments [Line Items] | |||||||||||||
Cash payments to acquire equity method investment | $ 6 | $ 48 | $ 48 | ||||||||||
Income tax benefit, including tax credits, from equity method investment | 9 | 7 | 27 | 18 | 4 | 11 | |||||||
Equity in net losses of unconsolidated entities | (7) | (8) | (20) | (16) | 5 | 4 | 17 | 12 | |||||
Interest expense | 118 | 126 | 358 | 354 | 2 | 3 | 6 | 4 | |||||
Tax credits from equity method investment | 7 | 4 | 18 | 12 | |||||||||
Income Taxes (Additional) (Textual) [Abstract] | |||||||||||||
Effective tax rate | 32.30% | 37.30% | 34.00% | 39.80% | |||||||||
Increase in the bonus depreciation allowance low | 50.00% | ||||||||||||
Increase in the bonus depreciation allowance high | 100.00% | ||||||||||||
Percentage of deduction that applies to qualifying property | 100.00% | ||||||||||||
Expected decrease in cash taxes due to acceleration of depreciation deduction on current year capital expenditures | $ 190 |
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 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 | ||||||||||
- 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 | ||||||||||
- 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 method investment total income tax benefit from refined coal facility. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Increase in the bonus depreciation allowance low. No definition available.
|
X | ||||||||||
- Definition
Increase in the bonus depreciation allowance low. 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
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 | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011
|
Sep. 30, 2010
|
Sep. 30, 2011
|
Sep. 30, 2010
|
|
Common share data used for computing the basic and diluted earnings per share | ||||
Number of common shares outstanding at end of period | 461.2 | 475.7 | 461.2 | 475.7 |
Effect of using weighted average common shares outstanding | 7.1 | 1.6 | 11.5 | 6.0 |
Weighted average basic common shares outstanding | 468.3 | 477.3 | 472.7 | 481.7 |
Dilutive effect of equity-based compensation awards and other contingently issuable shares | 1.4 | 3.7 | 1.8 | 3.2 |
Weighted average diluted common shares outstanding | 469.7 | 481.0 | 474.5 | 484.9 |
Potentially issuable shares | 17.3 | 14.7 | 17.3 | 14.7 |
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding | 9.9 | 0.2 | 6.4 | 0.2 |
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
Describe the approximate term of the guarantee or each group of similar guarantees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
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 | ||||||||||
- Definition
Civil penalties for the violation alleged. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Disclosure Required Under Item 103 Of SEC's Regulation S-K. 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 Multiemployer Pension Plans. 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 examination to be completed. 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.
|
Segment and Related Information (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011
|
Sep. 30, 2010
|
Sep. 30, 2011
|
Sep. 30, 2010
|
|
Reportable segments | ||||
Gross Operating Revenues | $ 4,053 | $ 3,744 | $ 11,487 | $ 10,802 |
Intercompany Operating Revenues | (531) | (509) | (1,515) | (1,474) |
Net Operating Revenues | 3,522 | 3,235 | 9,972 | 9,328 |
Income from Operations | 543 | 544 | 1,476 | 1,542 |
Eastern [Member]
|
||||
Reportable segments | ||||
Gross Operating Revenues | 822 | 755 | 2,326 | 2,214 |
Intercompany Operating Revenues | (139) | (132) | (387) | (385) |
Net Operating Revenues | 683 | 623 | 1,939 | 1,829 |
Income from Operations | 146 | 138 | 407 | 390 |
Midwest [Member]
|
||||
Reportable segments | ||||
Gross Operating Revenues | 847 | 792 | 2,403 | 2,266 |
Intercompany Operating Revenues | (123) | (119) | (355) | (336) |
Net Operating Revenues | 724 | 673 | 2,048 | 1,930 |
Income from Operations | 175 | 149 | 460 | 372 |
Southern [Member]
|
||||
Reportable segments | ||||
Gross Operating Revenues | 853 | 903 | 2,553 | 2,602 |
Intercompany Operating Revenues | (104) | (102) | (307) | (303) |
Net Operating Revenues | 749 | 801 | 2,246 | 2,299 |
Income from Operations | 194 | 218 | 579 | 624 |
Western [Member]
|
||||
Reportable segments | ||||
Gross Operating Revenues | 841 | 809 | 2,456 | 2,372 |
Intercompany Operating Revenues | (114) | (113) | (336) | (328) |
Net Operating Revenues | 727 | 696 | 2,120 | 2,044 |
Income from Operations | 154 | 146 | 436 | 416 |
Wheelabrator [Member]
|
||||
Reportable segments | ||||
Gross Operating Revenues | 228 | 237 | 664 | 660 |
Intercompany Operating Revenues | (28) | (32) | (89) | (92) |
Net Operating Revenues | 200 | 205 | 575 | 568 |
Income from Operations | 57 | 67 | 112 | 150 |
Operating Group Total [Member]
|
||||
Reportable segments | ||||
Gross Operating Revenues | 4,053 | 3,744 | 11,487 | 10,802 |
Intercompany Operating Revenues | (531) | (509) | (1,515) | (1,474) |
Net Operating Revenues | 3,522 | 3,235 | 9,972 | 9,328 |
Income from Operations | 686 | 680 | 1,919 | 1,859 |
Corporate and Other [Member]
|
||||
Reportable segments | ||||
Gross Operating Revenues | 0 | 0 | 0 | 0 |
Intercompany Operating Revenues | 0 | 0 | 0 | 0 |
Net Operating Revenues | 0 | 0 | 0 | 0 |
Income from Operations | (143) | (136) | (443) | (317) |
Other [Member]
|
||||
Reportable segments | ||||
Gross Operating Revenues | 462 | 248 | 1,085 | 688 |
Intercompany Operating Revenues | (23) | (11) | (41) | (30) |
Net Operating Revenues | 439 | 237 | 1,044 | 658 |
Income from Operations | $ (40) | $ (38) | $ (75) | $ (93) |
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
Segment income from operations. No definition available.
|
X | ||||||||||
- Definition
Segment reporting information intercompany revenue. No definition available.
|
Segment and Related Information (Details Textual) (USD $)
In Millions, unless otherwise specified |
9 Months Ended |
---|---|
Sep. 30, 2010
|
|
Segment And Related Information (Textual) [Abstract] | |
Charge to "Operating" expenses for the agreed upon withdrawal of bargaining units from multiemployer pension plans, Central States | $ 26 |
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
|
Acquisition of Oakleaf Global Holdings (Details) (USD $)
In Millions, unless otherwise specified |
Jul. 28, 2011
|
---|---|
Preliminary Purchase Price Allocation | |
Accounts and other receivables | $ 68 |
Other current assets | 28 |
Property and equipment | 77 |
Goodwill | 320 |
Intangible assets | 92 |
Accounts payable | (80) |
Accrued liabilities | (48) |
Deferred income taxes, net | (13) |
Other liabilities | (12) |
Total Purchase Price | $ 432 |
X | ||||||||||
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to prepaid expenses and other current assets. Does not include amounts allocated to cash and cash equivalents, marketable securities, receivables, inventory, and assets not to be used. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to accrued expenses of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of goodwill arising from a business combination, which is the excess of the cost of the acquired entity over the amounts assigned to assets acquired and liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to other noncurrent liabilities of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to property, plant and equipment to be used in ongoing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Business Acquisition, Purchase Price Allocation, Deferred income taxes, net. No definition available.
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Business Acquisition Purchase Price Allocation Amortizable Intangible Assets Weighted Average Amortization Period. No definition available.
|
X | ||||||||||
- Details
|
Acquisition of Oakleaf Global Holdings (Details 2) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011
|
Sep. 30, 2010
|
Sep. 30, 2011
|
Sep. 30, 2010
|
|
Pro forma consolidated results of operations | ||||
Operating revenues | $ 3,566 | $ 3,379 | $ 10,287 | $ 9,740 |
Net income attributable to Waste Management Inc. | $ 272 | $ 239 | $ 689 | $ 660 |
Basic earnings per common share | $ 0.58 | $ 0.50 | $ 1.46 | $ 1.37 |
Diluted earnings per common share | $ 0.58 | $ 0.50 | $ 1.45 | $ 1.36 |
X | ||||||||||
- Definition
The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The pro forma net income (loss) for the period as if the business combination or combinations had been completed at the beginning of a period Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the period Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquisition of Oakleaf Global Holdings (Details Textual) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2011
|
Sep. 30, 2010
|
Sep. 30, 2011
|
Sep. 30, 2010
|
Jul. 28, 2011
|
Sep. 30, 2011
Oakleaf [Member]
|
Sep. 30, 2011
Oakleaf [Member]
|
Dec. 31, 2010
Oakleaf [Member]
|
Jul. 28, 2011
Oakleaf [Member]
|
|
Acquisitions (Textual) [Abstract] | |||||||||
Acquisition cost of acquired entity | $ 432 | $ 432 | |||||||
Cash received in acquisition | 4 | ||||||||
Operating revenues | 3,522 | 3,235 | 9,972 | 9,328 | 580 | ||||
Acquisition-related costs classified as Selling, general and administrative expenses | 1 | 1 | |||||||
Revenues recognized by acquiree post the acquisition date | 112 | ||||||||
Net loss recognized by acquiree post the acquisition date | less than $1 million | ||||||||
Goodwill calculated as the excess of the consideration | $ 320 | $ 320 |
X | ||||||||||
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash and cash equivalents acquired in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of goodwill arising from a business combination, which is the excess of the cost of the acquired entity over the amounts assigned to assets acquired and liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. 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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
Net loss recognized by acquiree post acquisition date. No definition available.
|
X | ||||||||||
- Definition
Revenue recognized. No definition available.
|
X | ||||||||||
- Definition
Amount charged against earnings in the period for incurred and estimated costs, excluding asset retirement obligations, associated with exit from or disposal of business activities or restructurings pursuant to a program that is planned and controlled by management, and materially changes either the scope of a business undertaken by an entity, or the manner in which that business is conducted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Restructuring (Details Textual) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended |
---|---|---|
Sep. 30, 2011
Employee
|
Sep. 30, 2011
Employee
|
|
Restructuring (Textual) [Abstract] | ||
Number of employee positions eliminated | 700 | 700 |
Restructuring Charges [Abstract] | ||
Pre-tax restructuring charges associated with this reorganization related to employee severance and benefit costs | $ 14 | $ 14 |
Employee severance and benefit cost payments through the balance sheet date | $ 4 | $ 4 |
Open Positions [Member]
|
||
Restructuring (Textual) [Abstract] | ||
Number of employee positions eliminated | 300 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The charge against earnings in the period for known and estimated costs of termination benefits provided to current employees that are involuntarily terminated under a benefit arrangement associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding costs or losses pertaining to an entity newly acquired in a business combination or a discontinued operation as defined by generally accepted accounting principles and costs associated with one-time termination benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of employee positions eliminated No definition available.
|
X | ||||||||||
- Definition
Restructuring severance and benefit reserve settled with cash. No definition available.
|
X | ||||||||||
- Details
|
(Income) Expense from Divestitures, Asset Impairments and Unusual Items (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | 12 Months Ended |
---|---|---|
Sep. 30, 2010
|
Dec. 31, 2009
|
|
(Income) Expense from Divestitures, Asset Impairments and Unusual Items (Details) [Abstract] | ||
Non-cash charge recognized due to abandonment of revenue management software | $ 51 | |
Increase in Income from operations due to settlement related to revenue management software | $ 77 |
X | ||||||||||
- Definition
The net proceeds or assets obtained in excess of (less than) the net carrying amount of assets recorded, or assets distributed and liabilities assumed less than (in excess of) litigation reserves extinguished, in settlement of a litigation matter. Represents (for other than an insurance entity in its normal claims settlement process), the amount of income (expense) recognized in the period to settle pending or threatened litigation and insurance claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Non-cash charge recognized due to abandonment of revenue management software. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair Value, Assets Measured on Recurring Basis, Total. No definition available.
|
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 electricity commodity derivatives. No definition available.
|
X | ||||||||||
- Definition
Fair value assets measured on recurring basis foreign currency derivatives. No definition available.
|
X | ||||||||||
- Definition
Fair Value, Assets 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 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.
|
Fair Value Measurements (Details Textual) (USD $)
|
9 Months Ended | |
---|---|---|
Sep. 30, 2011
|
Dec. 31, 2010
|
|
Fair Value Measurements (Textual) [Abstract] | ||
Carrying value of debt | $ 9,600,000,000 | $ 8,900,000,000 |
Estimated fair value of debt | 10,600,000,000 | 9,200,000,000 |
Net borrowings of senior notes | $ 753,000,000 |
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
Net borrowings of senior notes. No definition available.
|
X | ||||||||||
- Definition
This element represents the aggregate cost of investments accounted for under the equity method of accounting. 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
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
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
Describes the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, that could require the enterprise to provide financial support (for example, liquidity arrangements and obligations to purchase assets) to the VIE, including events or circumstances that could expose the enterprise to a loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying 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 | ||||||||||
- Definition
Equity Method Investment Non Cash Component. No definition available.
|
X | ||||||||||
- Definition
Equity method investments debt balance. 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, 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
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
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
Investments in and Advances to Affiliates. 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 | ||||||||||
- Definition
Interest and Other Income (Expense), Total. No definition available.
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- Definition
Interest income (expense). No definition available.
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- 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
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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 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
The net cash inflow (outflow) from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow (outflow) from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- 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
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- 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
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- 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
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. 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
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
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- Definition
Change in intercompany and investments, net. No definition available.
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- Definition
Distributions paid to noncontrolling interests and other. No definition available.
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- Definition
Equity in earnings of subsidiaries, Net of taxes. No definition available.
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- Definition
Net receipts from restricted trust and escrow account and other, net. No definition available.
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- Definition
This element represents the cash inflow during the period from the sale of businesses and other assets. No definition available.
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