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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net Interest Expense On Project Debt   $ 9 $ 10
OPERATING REVENUES:      
Waste and service revenue $ 1,187 1,104 1,032
Electricity and steam sales 370 421 460
Recycled metals revenues 61 61 93
Other operating revenues 81 59 97
Total operating revenues 1,699 1,645 1,682
OPERATING EXPENSES:      
Plant operating expenses 1,177 1,129 1,055
Other operating expenses 86 73 101
General and administrative expenses 100 93 97
Depreciation and amortization expense 207 198 211
Impairment charges 20 43 64
Total operating expense 1,590 1,536 1,528
Operating income 109 109 154
Other income (expense):      
Investment income 1 0 1
Interest expense (139) (134) (135)
Non-cash convertible debt related expense 0 0 (13)
Gain on asset sales 44 0 0
Loss on extinguishment of debt 0 (2) (2)
Other expense, net (1) (1) (1)
Total other expenses (95) (137) (150)
Income (loss) before income tax expense (benefit) and equity in net income from unconsolidated investments 14 (28) 4
Income tax expense (22) 84 (15)
Equity in net income from unconsolidated investments 4 13 10
Net (loss) income (4) 69 (1)
Less: Net income attributable to noncontrolling interests in subsidiaries 0 1 1
NET INCOME ATTRIBUTABLE TO COVANTA HOLDING CORPORATION $ (4) $ 68 $ (2)
Weighted Average Common Shares Outstanding [Abstract]      
Basic 129 132 130
Diluted 129 133 130
(Loss) Income Per Share Attributable to Covanta Holding Corporation Stockholders:      
Basic $ (0.03) $ 0.52 $ (0.01)
Diluted (0.03) 0.51 (0.01)
Cash Dividend Declared Per Share: $ 1.00 $ 1.00 $ 0.86