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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING REVENUES:      
Waste and service revenues $ 1,011 $ 1,008 $ 981
Recycled metals revenues 72 74 55
Electricity and steam sales 394 400 420
Other operating revenues 167 168 127
Total operating revenues 1,644 1,650 1,583
OPERATING EXPENSES:      
Plant operating expenses 963 962 943
Other operating expenses 156 138 120
General and administrative expenses 97 103 103
Depreciation and amortization expense 195 193 190
Net interest expense on project debt 27 31 38
Net (gains) write-offs (46) 5 34
Total operating expenses 1,392 1,432 1,428
Operating income 252 218 155
Other income (expense):      
Interest income 1 1 1
Interest expense (94) (67) (45)
Non-cash convertible debt related expense (25) (25) (39)
Loss on extinguishment of debt (3) (1) (15)
Other (expense) income, net 3 (19) 0
Total other expenses 118 111 98
Income from continuing operations before income tax expense and equity in net income from unconsolidated investments 134 107 57
Income tax expense (26) (28) (24)
Equity in net income from unconsolidated investments 10 5 2
Income from continuing operations 118 84 35
(Loss) income from discontinued operations, net of income tax expense (2) 143 36
NET INCOME 116 227 71
Less: Net loss (income) from continuing operations attributable to noncontrolling interests in subsidiaries (2) (5) (5)
Less: Net income from discontinued operations attributable to noncontrolling interests in subsidiaries 0 (3) (4)
Total net loss (income) attributable to noncontrolling interests in subsidiaries (2) (8) (9)
NET INCOME ATTRIBUTABLE TO COVANTA HOLDING CORPORATION 114 219 62
Amounts Attributable to Covanta Holding Corporation stockholders':      
Continuing operations 116 79 30
Discontinued operations (2) 140 32
NET INCOME ATTRIBUTABLE TO COVANTA HOLDING CORPORATION $ 114 $ 219 $ 62
Basic      
Continuing operations $ 0.88 $ 0.56 $ 0.19
Discontinued operations $ (0.01) $ 0.99 $ 0.21
Covanta Holding Corporation $ 0.87 $ 1.55 $ 0.40
Weighted Average Shares 132 141 153
Diluted      
Continuing operations $ 0.87 $ 0.56 $ 0.19
Discontinued operations $ (0.01) $ 0.98 $ 0.21
Covanta Holding Corporation $ 0.86 $ 1.54 $ 0.40
Weighted Average Shares 133 142 154
Cash Dividend Declared Per Share: $ 0.60 $ 0.30 $ 1.50