CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 106	$ 94
Restricted funds held in trust	67	77
Receivables (less allowances)	285	312
Prepaid expenses and other current assets	176	114
Assets held for sale	0	97
Total Current Assets	634	694
Property, Plant and Equipment, Net	2,741	2,690
Restricted funds held in trust	75	81
Waste, service and energy contracts, net	280	284
Other intangible assets, net	38	38
Goodwill	302	301
Investments in investees and joint ventures	10	10
Other assets	120	113
Total Assets	4,200	4,211
Current Liabilities:
Current portion of long-term debt	9	8
Current portion of project debt	17	16
Accounts payable	90	90
Accrued expenses and other current liabilities	242	234
Liabilities held for sale	0	23
Total Current Liabilities	358	371
Long-term debt	2,334	2,255
Project debt	190	159
Deferred income taxes	573	595
Waste and service contracts	11	13
Other liabilities	181	178
Total Liabilities	$ 3,647	3,571
Commitments and Contingencies (Note 12)
Covanta Holding Corporation stockholders' equity:
Preferred stock ($0.10 par value; authorized 10 shares; none issued and outstanding)	$ 0	0
Common stock ($0.10 par value; authorized 250 shares; issued; outstanding)	14	14
Additional paid-in capital	795	801
Accumulated other comprehensive (loss) income	(32)	(34)
Accumulated deficit	(223)	(143)
Treasury Stock, Value	1	0
Total Covanta Holding Corporation stockholders' equity	553	638
Noncontrolling interests in subsidiaries	0	2
Total Equity	553	640
Total Liabilities and Equity	$ 4,200	$ 4,211