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EARNINGS PER SHARE ("EPS") (Tables)
 12 Months Ended
Dec. 31, 2012
Notes To Financial Statements [Abstract]  
Basic and Diluted Earnings Per Share Computations and Antidilutive Securities Excluded
Diluted earnings per share for all the periods presented does not include securities if their effect was anti-dilutive (in millions, except per share amounts).
 
For the Years Ended
December 31,
 
2012
 
2011
 
2010
Net income from continuing operations
$
116

 
$
79

 
$
30

Net (loss) income from discontinued operations
(2
)
 
140

 
32

Net income attributable to Covanta Holding Corporation
$
114

 
$
219

 
$
62

 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
Weighted average basic common shares outstanding
132

 
141

 
153

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

 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
Weighted average basic common shares outstanding
132

 
141

 
153

Dilutive effect of stock options
—

 
—

 
—

Dilutive effect of restricted stock
1

 
1

 
1

Dilutive effect of convertible debentures
—

 
—

 
—

Dilutive effect of warrants
—

 
—

 
—

Weighted average diluted common shares outstanding
133

 
142

 
154

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

 
 
 
 
 
 
Securities excluded from the weighted average dilutive common shares outstanding because their inclusion would have been anti-dilutive:
 
 
 
 
 
Stock options
2

 
2

 
2

Restricted stock
—

 
—

 
—

Restricted stock units
—

 
—

 
—

Warrants
29

 
28

 
27