CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Cash flows from operating activities: | |||
Consolidated net income | $ 1,338us-gaap_ProfitLoss | $ 130us-gaap_ProfitLoss | $ 860us-gaap_ProfitLoss |
Adjustments to reconcile consolidated net income to net cash provided by operating activities: | |||
Depreciation and amortization | 1,292us-gaap_DepreciationDepletionAndAmortization | 1,333us-gaap_DepreciationDepletionAndAmortization | 1,297us-gaap_DepreciationDepletionAndAmortization |
Deferred income tax (benefit) provision | (118)us-gaap_DeferredIncomeTaxExpenseBenefit | (149)us-gaap_DeferredIncomeTaxExpenseBenefit | 67us-gaap_DeferredIncomeTaxExpenseBenefit |
Interest accretion on landfill liabilities | 88us-gaap_AccretionExpense | 87us-gaap_AccretionExpense | 84us-gaap_AccretionExpense |
Interest accretion on and discount rate adjustments to environmental remediation liabilities and recovery assets | 14wm_AccretionExpenseAndDiscountRateAdjustmentsToEnvironmentalRemediationLiabilitiesAndRecoveryAssets | (10)wm_AccretionExpenseAndDiscountRateAdjustmentsToEnvironmentalRemediationLiabilitiesAndRecoveryAssets | 6wm_AccretionExpenseAndDiscountRateAdjustmentsToEnvironmentalRemediationLiabilitiesAndRecoveryAssets |
Provision for bad debts | 42us-gaap_ProvisionForDoubtfulAccounts | 39us-gaap_ProvisionForDoubtfulAccounts | 57us-gaap_ProvisionForDoubtfulAccounts |
Equity-based compensation expense | 65us-gaap_ShareBasedCompensation | 58us-gaap_ShareBasedCompensation | 29us-gaap_ShareBasedCompensation |
Excess tax benefits associated with equity-based transactions | (5)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (10)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (11)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
Net gain on disposal of assets | (35)us-gaap_GainLossOnSaleOfPropertyPlantEquipment | (21)us-gaap_GainLossOnSaleOfPropertyPlantEquipment | (21)us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
Effect of goodwill impairments | 10us-gaap_GoodwillImpairmentLoss | 509us-gaap_GoodwillImpairmentLoss | 4us-gaap_GoodwillImpairmentLoss |
Effect of (income) expense from divestitures, asset impairments (other than goodwill) and unusual items and other | (137)wm_IncomeExpenseFromDivestituresAssetImpairmentsExcludingGoodwillAndUnusualItemsNonCashPortion | 535wm_IncomeExpenseFromDivestituresAssetImpairmentsExcludingGoodwillAndUnusualItemsNonCashPortion | 95wm_IncomeExpenseFromDivestituresAssetImpairmentsExcludingGoodwillAndUnusualItemsNonCashPortion |
Equity in net losses of unconsolidated entities, net of dividends | 42us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions | 34us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions | 46us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions |
Change in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
Receivables | (268)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables | 44us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables | (131)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables |
Other current assets | (19)us-gaap_IncreaseDecreaseInOtherCurrentAssets | (7)us-gaap_IncreaseDecreaseInOtherCurrentAssets | (50)us-gaap_IncreaseDecreaseInOtherCurrentAssets |
Other assets | 22us-gaap_IncreaseDecreaseInOtherNoncurrentAssets | 4us-gaap_IncreaseDecreaseInOtherNoncurrentAssets | 105us-gaap_IncreaseDecreaseInOtherNoncurrentAssets |
Accounts payable and accrued liabilities | 117us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (27)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (57)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Deferred revenues and other liabilities | (117)wm_IncreaseDecreaseInDeferredRevenueAndOtherOperatingLiabilities | (94)wm_IncreaseDecreaseInDeferredRevenueAndOtherOperatingLiabilities | (85)wm_IncreaseDecreaseInDeferredRevenueAndOtherOperatingLiabilities |
Net cash provided by (used in) operating activities | 2,331us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 2,455us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 2,295us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
Cash flows from investing activities: | |||
Acquisitions of businesses, net of cash acquired | (35)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (724)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (250)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
Capital expenditures | (1,151)us-gaap_PaymentsToAcquireProductiveAssets | (1,271)us-gaap_PaymentsToAcquireProductiveAssets | (1,510)us-gaap_PaymentsToAcquireProductiveAssets |
Proceeds from divestitures of businesses and other assets (net of cash divested) | 2,253wm_ProceedsFromDivestitureOfBusinessesNetOfCashDivestedAndProceedsFromSalesOfAssetsInvestingActivities | 138wm_ProceedsFromDivestitureOfBusinessesNetOfCashDivestedAndProceedsFromSalesOfAssetsInvestingActivities | 44wm_ProceedsFromDivestitureOfBusinessesNetOfCashDivestedAndProceedsFromSalesOfAssetsInvestingActivities |
Net receipts from restricted trust and escrow accounts | 19us-gaap_IncreaseDecreaseInRestrictedCash | 71us-gaap_IncreaseDecreaseInRestrictedCash | 14us-gaap_IncreaseDecreaseInRestrictedCash |
Investments in unconsolidated entities | (33)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates | (33)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates | (77)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates |
Other | (58)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (81)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (51)us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
Net cash provided by (used in) investing activities | 995us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (1,900)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (1,830)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
Cash flows from financing activities: | |||
New borrowings | 2,817us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet | 2,232us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet | 1,620us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet |
Debt repayments | (3,568)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities | (2,077)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities | (1,498)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities |
Common stock repurchases | (600)us-gaap_PaymentsForRepurchaseOfCommonStock | (239)us-gaap_PaymentsForRepurchaseOfCommonStock | |
Cash dividends | (693)us-gaap_PaymentsOfDividendsCommonStock | (683)us-gaap_PaymentsOfDividendsCommonStock | (658)us-gaap_PaymentsOfDividendsCommonStock |
Exercise of common stock options | 93us-gaap_ProceedsFromStockOptionsExercised | 132us-gaap_ProceedsFromStockOptionsExercised | 43us-gaap_ProceedsFromStockOptionsExercised |
Excess tax benefits associated with equity-based transactions | 5us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 10us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 11us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
Acquisitions of and distributions paid to noncontrolling interests | (125)us-gaap_ProceedsFromPaymentsToMinorityShareholders | (59)us-gaap_ProceedsFromPaymentsToMinorityShareholders | (46)us-gaap_ProceedsFromPaymentsToMinorityShareholders |
Other | (1)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (3)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (2)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
Net cash provided by (used in) financing activities | (2,072)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (687)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (530)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
Effect of exchange rate changes on cash and cash equivalents | (5)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (4)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 1us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
Increase (decrease) in cash and cash equivalents | 1,249us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (136)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (64)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents at beginning of year | 58us-gaap_CashAndCashEquivalentsAtCarryingValue | 194us-gaap_CashAndCashEquivalentsAtCarryingValue | 258us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents at end of year | $ 1,307us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 58us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 194us-gaap_CashAndCashEquivalentsAtCarryingValue |
X | ||||||||||
- Definition
Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the undistributed income (or loss) of equity method investments, net of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations; such investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amount due from customers for the credit sale of goods and services; includes accounts receivable and other types of receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period in other noncurrent operating assets not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of or advances to an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, and joint venture or equity method investment) or the acquisition of an additional interest in a subsidiary (controlled entity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with security instrument that either represents a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. Includes proceeds from (a) debt, (b) capital lease obligations, (c) mandatory redeemable capital securities, and (d) any combination of (a), (b), or (c). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with security instruments that either represent a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. Includes repayments of (a) debt, (b) capital lease obligations, (c) mandatory redeemable capital securities, and (d) any combination of (a), (b), or (c). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accretion expense and discount rate adjustments to environmental remediation liabilities and recovery assets. No definition available.
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- Definition
Income expense from divestitures asset impairments and unusual items non cash portion. No definition available.
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Also includes the increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. No definition available.
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- Definition
Proceeds from divestiture of businesses net of cash divested and proceeds from sales of assets investing activities. No definition available.
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