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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING REVENUES:        
Total operating revenue $ 454 $ 467 $ 922 $ 920
OPERATING EXPENSES:        
Plant operating expense 340 354 701 713
Other operating expense, net 14 16 26 33
General and administrative expense 26 31 56 61
Depreciation and amortization expense 56 55 114 110
Impairment charges 0 1 19 1
Total operating expense 436 457 916 918
Operating income 18 10 6 2
Other income (expense):        
Interest expense (34) (36) (68) (72)
Net gain on sale of business and investments 0 (2) 9 48
Other (expense) income, net (1) 1 (2) 2
Total expense (35) (37) (61) (22)
Loss before income tax benefit and equity in net income from unconsolidated investments (17) (27) (55) (20)
Income tax benefit 4 3 9 1
Equity in net income from unconsolidated investments 0 3 1 3
Net loss $ (13) $ (21) $ (45) $ (16)
Weighted Average Common Shares Outstanding:        
Basic 132 131 132 131
Diluted 132 131 132 131
Earnings Per Share Attributable to Covanta Holding Corporation stockholders':        
Basic $ (0.10) $ (0.16) $ (0.34) $ (0.12)
Diluted (0.10) (0.16) (0.34) (0.12)
Cash Dividend Declared Per Share $ 0.08 $ 0.25 $ 0.33 $ 0.50
Waste and service revenue        
OPERATING REVENUES:        
Total operating revenue $ 344 $ 359 $ 690 $ 686
Energy revenue        
OPERATING REVENUES:        
Total operating revenue 78 72 171 166
Recycled metals revenue        
OPERATING REVENUES:        
Total operating revenue 20 21 37 42
Other operating revenue        
OPERATING REVENUES:        
Total operating revenue $ 12 $ 15 $ 24 $ 26