XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Operating revenues $ 5,075 $ 4,665 $ 14,763 $ 13,253
Costs and expenses:        
Operating 3,156 2,906 9,201 8,156
Selling, general and administrative 473 469 1,451 1,372
Depreciation and amortization 503 517 1,493 1,489
Restructuring 1 1 1 6
(Gain) loss from divestitures, asset impairments and unusual items, net   (34) 17 (17)
Total costs and expenses 4,133 3,859 12,163 11,006
Income from operations 942 806 2,600 2,247
Other income (expense):        
Interest expense, net (91) (87) (269) (282)
Loss on early extinguishment of debt       (220)
Equity in net losses of unconsolidated entities (17) (14) (49) (34)
Other, net (6) 1 (7) (4)
Total other income (expense) (114) (100) (325) (540)
Income before income taxes 828 706 2,275 1,707
Income tax expense 189 167 535 396
Consolidated net income 639 539 1,740 1,311
Less: Net income (loss) attributable to noncontrolling interests   1 1 1
Net income attributable to Waste Management, Inc. $ 639 $ 538 $ 1,739 $ 1,310
Basic earnings per common share $ 1.55 $ 1.28 $ 4.20 $ 3.11
Diluted earnings per common share $ 1.54 $ 1.28 $ 4.18 $ 3.09