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Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Purchase Price Allocation

The following table presents the final allocations of the purchase price for the Greenstar and RCI acquisitions (in millions):

 

     Greenstar     RCI  

Accounts and other receivables

   $ 30      $ 32   

Parts and supplies

     4        —     

Other current assets

     2        —     

Property and equipment

     58        117   

Goodwill

     122        191   

Other intangible assets

     32        169   

Accounts payable

     (17     —     

Accrued liabilities

     (12     —     

Deferred revenues

     —          (4

Landfill and environmental remediation liabilities

     (2     (1

Current portion of long-term debt

     (4     —     

Long-term debt, less current portion

     (2     (3

Deferred income taxes, net

     —          (14

Other liabilities

     (5     —     
  

 

 

   

 

 

 

Total purchase price

   $ 206      $ 487   
  

 

 

   

 

 

 

Allocation Purchase Price Intangible Assets

The following table presents the final allocations of the purchase price to intangible assets (amounts in millions, except for amortization periods):

 

     Greenstar      RCI  
     Amount      Weighted Average
Amortization
Periods
(in Years)
     Amount      Weighted Average
Amortization
Periods
(in Years)
 

Supplier relationships

   $ 31         10.0       $ —           —     

Lease agreements

     1         8.4         —           —     

Customer relationships

     —           —           162         15.0   

Trade name

     —           —           7         5.0   
  

 

 

       

 

 

    

Total intangible assets subject to amortization

   $ 32         10.0       $ 169         14.6   
  

 

 

       

 

 

    

Pro Forma Consolidated Results of Operations

The following pro forma consolidated results of operations have been prepared as if the acquisitions of RCI and Greenstar occurred at January 1, 2012 (in millions, except per share amounts):

 

     Years Ended
December 31,
 
     2013      2012  

Operating revenues

   $ 14,085       $ 14,009   

Net income attributable to Waste Management, Inc.

     112         803   

Basic earnings per common share

     0.24         1.73   

Diluted earnings per common share

     0.24         1.73   
Carrying Amount of Asset and Liabilities

The following table presents the carrying amounts of our Wheelabrator business as of December 19, 2014 (in millions):

 

Accounts and other receivables

   $ 90   

Parts and supplies

     65   

Deferred income taxes

     1   

Other assets

     12   
  

 

 

 

Total current assets

     168   

Property and equipment

     1,155   

Goodwill

     305   

Other intangible assets

     3   

Other assets

     215   
  

 

 

 

Total assets

   $ 1,846   
  

 

 

 

Accounts payable

   $ 23   

Accrued liabilities

     20   

Deferred revenues

     1   

Current portion of long-term debt

     1   
  

 

 

 

Total current liabilities

     45   

Long-term debt, less current portion

     14   

Deferred income taxes

     344   

Landfill and environmental remediation liabilities

     18   

Other liabilities

     19   
  

 

 

 

Total liabilities

   $ 440   
  

 

 

 

Noncontrolling interests

   $ 31