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QUARTERLY DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2016
QUARTERLY DATA (UNAUDITED) [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
The following table presents quarterly unaudited financial data for the periods presented on the consolidated statements of operations (in millions, except per share amounts):
 
 
Calendar Quarter Ended
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Operating revenue
 
$
403

 
$
383

 
$
418

 
$
408

 
$
421

 
$
422

 
$
457

 
$
432

Operating (loss) income (1)
 
$
(14
)
 
$
7

 
$
5

 
$
(15
)
 
$
60

 
$
74

 
$
58

 
$
43

Net (loss) income
 
$
(37
)
 
$
(37
)
 
$
(29
)
 
$
(6
)
 
$
54

 
$
34

 
$
8

 
$
78

Net (loss) income attributable to Covanta Holding Corporation
 
$
(37
)
 
$
(37
)
 
$
(29
)
 
$
(6
)
 
$
54

 
$
34

 
$
8

 
$
77

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) Earnings per share attributable to Covanta Holding Corporation stockholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.29
)
 
$
(0.28
)
 
$
(0.23
)
 
$
(0.05
)
 
$
0.42

 
$
0.26

 
$
0.06

 
$
0.59

Diluted
 
$
(0.29
)
 
$
(0.28
)
 
$
(0.23
)
 
$
(0.05
)
 
$
0.42

 
$
0.25

 
$
0.06

 
$
0.58

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash dividend declared per share:
 
$
0.25

 
$
0.25

 
$
0.25

 
$
0.25

 
$
0.25

 
$
0.25

 
$
0.25

 
$
0.25