EQUITY METHOD INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Our ownership percentages in our equity method investments were as follows:

	December 31,
Ownership interest:	2020		2019
Dublin WtE (Ireland) (1)	50	%	50	%
Ambiente 2000 S.r.l. (Italy)	40	%	40	%
Earls Gate (UK) (2)	25	%	25	%
Rookery WtE (UK) (3)	40	%	40	%
Newhurst (UK) (4)	25	%	—	%
Protos (UK) (5)	37.5	%	—	%
Zhao County WtE (China) (6)	26	%	26	%

(1)We have a 50% indirect ownership of Dublin WtE, through our 50/50 joint venture with GIG, Covanta Europe Assets Ltd.

(2)We have a 25% indirect ownership of Earls Gate, through our 50/50 joint venture with GIG, Covanta Green Jersey Assets Ltd., which owns 50% of Earls Gate.

(3)We have a 40% indirect ownership of Rookery through our 50/50 joint venture with GIG, Covanta Green.

(4)We have a 25% indirect ownership of Newhurst through our 50/50 joint venture with GIG, Covanta Green.

(5)We have a 37.5% indirect ownership of Protos through our 50/50 joint venture with GIG, Covanta Green Protos Holding Ltd.

(6)We have a 26% interest in Zhao County through our venture with Longking Energy Development Co. Ltd.

Summarized financial information of our equity method investments is presented as follows (in millions):

	For the Year Ended December 31,
	2020		2019		2018
Statement of Operations:
Operating revenue	$	119	$	120	$	112
Operating income	$	26	$	28	$	31
Net income	$	8	$	11	$	13
			As of December 31,
			2020		2019
Balance Sheet:
Current assets			$	235	$	180
Long-term assets			$	1,518	$	1,008
Current liabilities			$	127	$	104
Long-term liabilities			$	1,212	$	735