Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2015

The allocation of the purchase price for the Deffenbaugh acquisition is preliminary and subject to change based on the finalization of our detailed valuations. The following table presents adjustments since the acquisition date to the allocation of the purchase price (in millions):


	March 26, 2015			Adjustments			September 30, 2015
Cash and cash equivalents	$	15		$	—		$	15
Accounts and other receivables		18			4			22
Parts and supplies		2			—			2
Deferred income tax asset		9			2			11
Other current assets		12			(2	)		10
Property and equipment		212			(5	)		207
Goodwill		140			12			152
Other intangible assets		134			(34	)		100
Other assets		1			—			1
Accounts payable		(4	)		2			(2	)
Accrued liabilities		(12	)		(3	)		(15	)
Deferred revenues		(5	)		(1	)		(6	)
Landfill and environmental remediation liabilities		(21	)		3			(18	)
Deferred income tax liability		(65	)		15			(50	)
Other liabilities		(20	)		6			(14	)

Total purchase price	$	416		$	(1	)	$	415

Pro Forma Consolidated Results of Operations

The following pro forma consolidated results of operations have been prepared as if the acquisition of Deffenbaugh occurred at January 1, 2014 (in millions, except per share amounts):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2014		2015		2014
Operating revenues	$	3,646	$	9,755	$	10,688
Net income attributable to Waste Management, Inc.		272		480		713
Basic earnings per common share		0.59		1.06		1.54
Diluted earnings per common share		0.59		1.05		1.53