CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 56	$ 55
Restricted funds held in trust	10	11
Receivables (less allowances of $7 and $8, respectively)	233	260
Prepaid expenses and other current assets	98	117
Total Current Assets	397	443
Property, plant and equipment, net	2,405	2,421
Restricted funds held in trust	6	6
Intangible assets, net	232	237
Goodwill	302	302
Other assets	300	297
Total Assets	3,642	3,706
Current Liabilities:
Current portion of long-term debt	27	18
Current portion of project debt	9	9
Accounts payable	68	75
Accrued Liabilities, Current	270	303
Total Current Liabilities	374	405
Long-term debt	2,411	2,396
Project debt	115	116
Deferred income taxes	338	362
Other liabilities	114	117
Total Liabilities	3,352	3,396
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 136 shares, outstanding 133 shares)	14	14
Additional paid-in capital	883	882
Accumulated other comprehensive loss	(44)	(32)
Accumulated deficit	(563)	(554)
Treasury stock, at par	0	0
Total Equity	290	310
Total Liabilities and Equity	$ 3,642	$ 3,706