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<!--DOCTYPE html PUBLIC "-//W3C//DTD
XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 1 - wmi:BasisOfPresentationTextBlock--> <div style="margin-left:
0%"><!-- XBRL,ns --> <div style="margin-top: 0pt; font-size: 1pt"></div>
<div align="center" style="margin-left: 0%; margin-right: 0%; font-size:
10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">
<b><font style="font-family: 'Times New Roman', Times"> </font></b>
</div> <div style="margin-top: 0pt; font-size: 1pt"></div>
<div align="center" style="margin-left: 0%; margin-right: 0%; font-size:
10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">
<!-- link1 "NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)"
--> <b><font style="font-family: 'Times New Roman', Times">
</font></b> </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b><font style="font-family: 'Times
New Roman', Times"></font></b> </div> <div style="margin-top:
12pt; font-size: 1pt">  </div> <table width="100%" border="0"
cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial,
Helvetica; color: #000000; background: #FFFFFF; text-align: left"> <tr>
<td width="3%"></td> <td width="97%"></td> </tr>
<tr valign="top"> <td> <b><font style="font-family: 'Times
New Roman', Times">1.  </font></b> </td>
<td> <b><font style="font-family: 'Times New Roman', Times">Basis
of Presentation</font></b> </td> </tr> </table>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<div align="left" style="margin-left: 0%; margin-right: 0%; text-indent:
4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF"> The financial statements presented in this report
represent the consolidation of Waste Management, Inc., a Delaware corporation;
Waste Management’s wholly-owned and majority-owned subsidiaries;
and certain variable interest entities for which Waste Management or its subsidiaries
are the primary beneficiary. Waste Management is a holding company and all
operations are conducted by its subsidiaries. When the terms “the
Company,” “we,” “us” or
“our” are used in this document, those terms refer to
Waste Management, Inc., its consolidated subsidiaries and consolidated variable
interest entities. When we use the term “WMI,” we are
referring only to Waste Management, Inc., the parent holding company. </div>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<div align="left" style="margin-left: 0%; margin-right: 0%; text-indent:
4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF"> We manage and evaluate our principal operations through
five operating Groups, of which four are organized by geographic area and
one is organized by function. Our geographic operating Groups, which include
our Eastern, Midwest, Southern and Western Groups, provide collection, transfer,
recycling and disposal services. Our functional operating group is the Wheelabrator
Group, which provides <font style="white-space: nowrap">waste-to-energy</font>
services. We also provide additional waste management services that are not
managed through our five Groups, which are presented in this report as “Other.”
Additional information related to our segments, including changes in the basis
for our reported segments from December 31, 2008, can be found under
“Reclassifications” below and in Note 9. </div>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<div align="left" style="margin-left: 0%; margin-right: 0%; text-indent:
4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF"> The Condensed Consolidated Financial Statements as
of and for the three and six months ended June 30, 2009 and 2008
are unaudited. In the opinion of management, these financial statements include
all adjustments, which, unless otherwise disclosed, are of a normal recurring
nature, necessary for a fair presentation of the financial position, results
of operations, and cash flows for the periods presented. The results for interim
periods are not necessarily indicative of results for the entire year. The
financial statements presented herein should be read in connection with the
financial statements included in our Annual Report on <font style="white-space:
nowrap">Form 10-K</font> for the year ended December 31,
2008. </div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> In preparing our financial statements, we
make numerous estimates and assumptions that affect the accounting for and
recognition and disclosure of assets, liabilities, equity, revenues and expenses.
We must make these estimates and assumptions because certain information that
we use is dependent on future events, cannot be calculated with a high degree
of precision from data available or simply cannot be readily calculated based
on generally accepted methodologies. In some cases, these estimates are particularly
difficult to determine and we must exercise significant judgment. In preparing
our financial statements, the most difficult, subjective and complex estimates
and the assumptions that deal with the greatest amount of uncertainty relate
to our accounting for landfills, environmental remediation liabilities, asset
impairments, and self-insurance reserves and recoveries. Actual results could
differ materially from the estimates and assumptions that we use in the preparation
of our financial statements. </div> <div style="margin-top: 12pt;
font-size: 1pt">  </div> <div align="left" style="margin-left:
2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b><i><font style="font-family:
'Times New Roman', Times">Adoption of New Accounting Pronouncements</font></i></b>
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> <i>SFAS No. 157</i> —
In September 2006, the Financial Accounting Standards Board issued Statement
of Financial Accounting Standards No. 157, <i>Fair Value Measurements,
</i>which defines fair value, establishes a framework for measuring
fair value, and expands disclosures about fair value measurements. In February
2008, the FASB issued Staff Position <font style="white-space: nowrap">FAS 157-2,</font>
<i>Effective Date of FASB Statement No. 157</i>, which
delayed the effective date of SFAS No. 157 for all non-financial
assets and non-financial liabilities, except those that are measured at fair
value on a recurring basis. Effective January 1, 2009, we adopted
SFAS No. 157 with respect to non-financial assets and liabilities
measured on a non-recurring basis. The application of the fair value framework
established by SFAS No. 157 to these fair value measurements
did not have a material impact on our consolidated financial position, results
of operations or cash flows. </div> <div style="margin-top: 6pt;
font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> <i>SFAS No. 141(R)</i> —
In December 2007, the FASB issued SFAS No. 141 (revised
2007), <i>Business Combinations</i>, which establishes principles
for how the acquirer recognizes and measures in the financial statements the
identifiable assets acquired, the liabilities assumed, and any non-controlling
interest in the acquiree. This statement also provides guidance for recognizing
and measuring the goodwill acquired in the business combination and determines
what information to disclose to enable users of the financial statements to
evaluate the nature and financial effects of the business combination. Effective
January 1, 2009, we adopted SFAS No. 141(R). The
portions of the statement that relate to business combinations completed on
or before January 1, 2009 did not have a material impact on our consolidated
financial statements. Further, business combinations completed in 2009 have
not been material to our financial position, results of operations or cash
flows. However, to the extent that future business combinations are material,
our adoption of SFAS No. 141(R) will significantly impact
our accounting and reporting for future acquisitions, principally as a result
of (i) expanded requirements to value acquired assets, liabilities
and contingencies at their fair values when such amounts can be determined;
and (ii) the requirement that acquisition-related transaction and
restructuring costs be expensed as incurred rather than capitalized as a part
of the cost of the acquisition. </div> <div style="margin-top: 6pt;
font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> <i>SFAS No. 160</i> —
In December 2007, the FASB issued SFAS No. 160, <i>Noncontrolling
Interests in Consolidated Financial Statements — an amendment
of ARB No. 51</i>, which establishes accounting and reporting
standards for the noncontrolling interest in a subsidiary and for the deconsolidation
of a subsidiary. The standard also establishes that a noncontrolling interest
in a subsidiary is an ownership interest in the consolidated entity that should
be reported as equity in the consolidated financial statements. We adopted
SFAS No. 160 on January 1, 2009. The presentation
and disclosure requirements of SFAS No. 160, which must
be applied retrospectively for all periods presented, have resulted in reclassifications
to our prior period consolidated financial information and the remeasurement
of our 2008 effective tax rate. </div> <div style="margin-top: 6pt;
font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> <i>SFAS No. 165</i> —
In May 2009, the FASB issued SFAS No. 165, <i>Subsequent
Events</i>, which establishes general standards of accounting for and
disclosure of events that occur after the balance sheet date but before financial
statements are issued or are available to be issued. We have adopted the provisions
of SFAS No. 165, which became effective for interim and
annual reporting periods ending after June 15, 2009. Subsequent events
have been evaluated through the date and time the financial statements were
issued on July 30, 2009. No material subsequent events have occurred
since June 30, 2009 that required recognition or disclosure in our
current period financial statements. </div> <div style="margin-top:
12pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b><i><font style="font-family:
'Times New Roman', Times">Reclassifications</font></i></b>
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> <i>Statement of Cash Flows</i> —
As a result of an increase in the significance of certain non-cash expenses,
we have elected to separately identify the effects of “Interest
accretion on landfill liabilities,” “Interest accretion
on and discount rate adjustments to environmental remediation liabilities
and recovery assets” and “Equity-based compensation expense”
within the “Cash flows from operating activities” section
of our Condensed Consolidated Statements of Cash Flows. We have made reclassifications
in our 2008 Condensed Consolidated Statements of Cash Flows to conform prior-year
information with our current period presentation. </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> <i>Segments</i> —
During the first quarter of 2009, we transferred responsibility for the oversight
of <font style="white-space: nowrap">day-to-day</font> recycling
operations at our material recovery facilities and secondary processing facilities
to the management teams of our geographic Groups. We believe that by integrating
the management of these aspects of our recycling operations with the remainder
of our solid waste business we can ensure that we are focusing on maximizing
the profitability and return on invested capital of all aspects of our business
as well as more efficiently providing comprehensive environmental solutions
to our customers. As a result of this operational change, we also changed
the way we review the financial results of our geographic Groups. Beginning
in 2009, the financial results of our material recovery facilities and secondary
processing facilities are included as a component of their respective geographic
Group or segment and the financial results of our recycling brokerage business
and electronics recycling services are included as part of our “Other”
operations. We have reflected the impact of this change for all periods presented
to provide financial information that consistently reflects our current approach
to managing our geographic Group operations. Refer to Note 9 for
further discussion about our reportable segments. </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> Certain other
minor reclassifications have been made to our prior period consolidated financial
information in order to conform to the current year presentation. </div>
</div> <!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <div
style="margin-left: 0%"> <!-- BEGIN PAGE WIDTH --> <div style="margin-top:
0pt; font-size: 1pt"> </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b> <font style="font-family: 'Times
New Roman', Times"> </font> </b> </div> <div style="margin-top:
0pt; font-size: 1pt"> </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b> <font style="font-family: 'Times
New Roman', Times"> </font> </b> </div> <div style="margin-top:
18pt; font-size: 1pt">  </div> </div> </body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD
XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 2 - wmi:AssetRetirementObligationsAndEnvironmentalLossContingenciesDisclosuresTextBlock-->
<div style="margin-left: 0%"> <div style="margin-top: 12pt; font-size:
1pt">  </div> <table width="100%" border="0" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF; text-align: left"> <tr> <td width="3%"></td>
<td width="97%"></td> </tr> <tr valign="top"> <td>
<b><font style="font-family: 'Times New Roman', Times">2.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">Landfill and Environmental Remediation Liabilities</font></b>
</td> </tr> </table> <div style="margin-top: 6pt; font-size:
1pt">  </div> <div align="left" style="margin-left: 0%;
margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New
Roman', Times; color: #000000; background: #FFFFFF"> Liabilities for landfill
and environmental remediation costs are presented in the table below (in millions):
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <table border="0" width="100%" align="center" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <!-- Table Width
Row BEGIN --> <tr style="font-size: 1pt" valign="bottom"> <td
width="40%"> </td><!-- colindex=01 type=maindata -->
<td width="2%"> </td><!-- colindex=02 type=gutter
--> <td width="1%" align="right"> </td><!-- colindex=02
type=lead --> <td width="4%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="2%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="10%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="2%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="4%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="2%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="4%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> <td width="2%"> </td><!--
colindex=06 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=06 type=lead --> <td width="10%" align="right"> </td><!--
colindex=06 type=body --> <td width="1%" align="left"> </td><!--
colindex=06 type=hang1 --> <td width="2%"> </td><!--
colindex=07 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=07 type=lead --> <td width="4%" align="right"> </td><!--
colindex=07 type=body --> <td width="1%" align="left"> </td><!--
colindex=07 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="10" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>June 30, 2009</b> </td>
<td>   </td> <td>   </td> <td
colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>December 31, 2008</b> </td> <td>
  </td> </tr> <tr style="font-size: 8pt" valign="bottom"
align="center"> <td nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom"> <b>Environmental<br
/> </b> </td> <td>   </td> <td>
  </td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>Environmental<br /> </b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> </tr> <tr style="font-size: 8pt" valign="bottom" align="center">
<td nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Landfill</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Remediation</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Total</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Landfill</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Remediation</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Total</b> </td> <td>   </td>
</tr> <tr style="line-height: 3pt; font-size: 1pt"> <td> 
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Current (in accrued liabilities) </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 113
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
55 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
168 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
108 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
49 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
157 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Long-term </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,142 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
217 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,359 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,110 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
250 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,360 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,255 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 272 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,527 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 1,218
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
299 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
1,517 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> The changes to landfill and environmental
remediation liabilities for the year ended December 31, 2008 and
the six months ended June 30, 2009 are reflected in the table below
(in millions): </div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <table border="0" width="100%" align="center" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <!-- Table Width
Row BEGIN --> <tr style="font-size: 1pt" valign="bottom"> <td
width="77%"> </td><!-- colindex=01 type=maindata -->
<td width="2%"> </td><!-- colindex=02 type=gutter
--> <td width="1%" align="right"> </td><!-- colindex=02
type=lead --> <td width="4%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="10%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>Environmental<br /> </b> </td> <td>  
</td> </tr> <tr style="font-size: 8pt" valign="bottom" align="center">
<td nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Landfill</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Remediation</b> </td> <td>
  </td> </tr> <tr style="line-height: 3pt; font-size:
1pt"> <td>  </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> December 31,
2007 </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,178 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 284 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Obligations incurred and capitalized </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 51 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="background: #CCEEFF"> <td nowrap="nowrap" align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 20pt">
Obligations settled </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (72 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(38 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
20pt"> Interest accretion </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 77 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
8 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 20pt"> Revisions in estimates </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(13 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 49 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 20pt">
Acquisitions, divestitures and other adjustments </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(3 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(4 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> December 31, 2008
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 1,218 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 299 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Obligations incurred
and capitalized </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 19 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Obligations settled </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (27 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (15 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
20pt"> Interest accretion </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 39 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
3 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 20pt"> Revisions in estimates(a) </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
4 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (17 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Acquisitions, divestitures
and other adjustments </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 2 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
2 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> June 30,
2009 </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,255 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 272 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> </tr> </table> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> </div> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom:
1pt solid #000000"> </div><!-- callerid=999 iwidth=456 length=60
--> <div style="margin-top: 3pt; font-size: 1pt">  </div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF;
text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td>
<td width="96%"></td> </tr> <tr> <td valign="top">
(a) </td> <td></td> <td valign="bottom"> The revisions
in estimates associated with our environmental remediation liabilities were
primarily related to the impact of changes in the risk-free discount rate
used to measure the liabilities. As of December 31, 2008, we used
a risk-free discount rate for these obligations of 2.25%. The applicable rate
increased to 3.50% as of June 30, 2009. The change in discount rate
resulted in a $23 million decrease to our environmental remediation
liabilities and a corresponding reduction to “Operating”
expenses for the six months ended June 30, 2009.</td> </tr>
</table> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> At several of our landfills, we provide
financial assurance by depositing cash into restricted trust funds or escrow
accounts for purposes of settling closure, post-closure and environmental
remediation obligations. The fair value of these escrow accounts and trust
funds was $220 million at June 30, 2009, and is primarily
included as long-term “Other assets” in our Condensed
Consolidated Balance Sheet. </div> </div> <!-- END PAGE WIDTH
--> <!-- PAGEBREAK --> <div style="margin-left: 0%"> <!--
BEGIN PAGE WIDTH --> <div style="margin-top: 0pt; font-size: 1pt">
</div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 18pt; font-size:
1pt">  </div> </div> </body> </html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD
XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 3 - us-gaap:DebtDisclosureTextBlock--> <div style="margin-left:
0%"> <div style="margin-top: 12pt; font-size: 1pt">  </div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size:
10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF;
text-align: left"> <tr> <td width="3%"></td> <td width="97%"></td>
</tr> <tr valign="top"> <td> <b><font style="font-family:
'Times New Roman', Times">3.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">Debt</font></b> </td> </tr> </table>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<div align="left" style="margin-left: 0%; margin-right: 0%; text-indent:
4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF"> The following table summarizes the major components
of debt at each balance sheet date (in millions) and provides the maturities
and interest rates of each major category as of June 30, 2009: </div>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<table border="0" width="100%" align="center" cellpadding="0" cellspacing="0"
style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF; text-align: left"> <!-- Table Width Row BEGIN -->
<tr style="font-size: 1pt" valign="bottom"> <td width="78%"> </td><!--
colindex=01 type=maindata --> <td width="2%"> </td><!--
colindex=02 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=02 type=lead --> <td width="4%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="9%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>June 30,<br /> </b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom"> <b>December 31,<br />
</b> </td> <td>   </td> </tr> <tr
style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom"
style="border-bottom: 1px solid #000000"> <b>2009</b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>2008</b> </td> <td>  
</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td>  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Revolving credit facility (weighted average
interest rate of 2.4% at December 31, 2008) </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
300 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Letter of credit
facilities </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Canadian credit facility (weighted average interest
rate of 2.1% at June 30, 2009 and 3.3% at December 31, 2008)
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 247 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 242 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> Senior notes and debentures,
maturing through 2032, interest rates ranging from 5.0% to 7.75% (weighted
average interest rate of 6.9% at June 30, 2009 and 6.8% at December 31,
2008) </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 4,876 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 4,628
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Tax-exempt bonds maturing through 2039, fixed and variable
interest rates ranging from 0.1% to 7.4% (weighted average interest rate of
3.6% at June 30, 2009 and 3.9% at December 31, 2008) </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 2,648 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 2,684 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Tax-exempt project
bonds, principal payable in periodic installments, maturing through 2029,
fixed and variable interest rates ranging from 0.3% to 9.3% (weighted average
interest rate of 4.5% at June 30, 2009 and 4.9% at December 31,
2008) </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 219 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 220 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="background: #CCEEFF"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Capital leases and other, maturing through 2050, interest rates up to 12%
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 253 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 252 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Total long-term debt </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 8,243 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
8,326 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Current portion of long-term debt </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 244 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 835 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Long-term debt,
less current portion </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 7,999 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 7,491
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> As of June 30, 2009, we had $401 million
of debt maturing within twelve months and $617 million of fixed-rate
tax-exempt bonds and $39 million of fixed-rate tax-exempt project
bonds subject to remarketing within the next twelve months. We have classified
$244 million of these borrowings as current portion of long-term
debt; the remaining $813 million is classified as long-term as of
June 30, 2009 based on our intent and ability, given the capacity
available under our revolving credit facility and Canadian credit facility,
to refinance these borrowings on a long-term basis. </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> The significant
changes in our debt balances from December 31, 2008 to June 30,
2009 are related to the following: </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <table width="100%" border="0"
cellpadding="0" cellspacing="0" style="text-align: left"> <tr> <td
width="4%"></td> <td width="2%"></td> <td width="94%"></td>
</tr> <tr valign="top" style="font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> <td> </td>
<td> •  </td> <td align="left"> <i>Revolving
credit facility </i>— We repaid the $300 million
of outstanding borrowings with proceeds from the issuance of senior notes
as discussed below. </td> </tr> <tr style="line-height: 6pt;
font-size: 1pt"> <td> </td> </tr> <tr valign="top"
style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF"> <td> </td> <td> • 
</td> <td align="left"> <i>Canadian credit facility </i>— The
increase in the carrying value of this obligation is due to (i) accounting
for changes in the Canadian currency translation rate, which increased the
carrying value of this debt by $12 million during the six months
ended June 30, 2009, and (ii) the impact of interest accretion,
which increased the carrying value of this debt by $3 million during
the six months ended June 30, 2009. These increases were partially
offset by $10 million of debt repayments. </td> </tr>
</table> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 6%; margin-right: 0%;
text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> As of June 30, 2009 and December 31,
2008, $230 million and $209 million, respectively, of these
advances were classified as long-term based on our intent and ability to refinance
the obligations on a long-term basis under the terms of the facility. </div>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="text-align:
left"> <tr> <td width="4%"></td> <td width="2%"></td>
<td width="94%"></td> </tr> <tr valign="top" style="font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<td> </td> <td> •  </td>
<td align="left"> <i>Senior notes </i>— In
February 2009, we issued $350 million of 6.375% senior notes
due March 11, 2015 and $450 million of 7.375% senior
notes due March 11, 2019. The net proceeds from the debt issuance
were $793 million. A portion of the proceeds was used to repay $300 million
of outstanding borrowings under the </td> </tr> </table>
</div> <!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <div
style="margin-left: 0%"> <!-- BEGIN PAGE WIDTH --> <div style="margin-top:
0pt; font-size: 1pt"> </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b> <font style="font-family: 'Times
New Roman', Times"> </font> </b> </div> <div style="margin-top:
0pt; font-size: 1pt"> </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b> <font style="font-family: 'Times
New Roman', Times"> </font> </b> </div> <div style="margin-top:
0pt; font-size: 1pt"> </div> <div align="left" style="margin-left:
6%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> revolving credit
facility and the remaining proceeds were used to repay $500 million
of 6.875% senior notes that matured in May 2009. </div> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
align="left" style="margin-left: 6%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
The remaining change in the carrying value of our senior notes from December 31,
2008 to June 30, 2009 is due to accounting for our <font style="white-space:
nowrap">fixed-to-floating</font> interest rate swap agreements, which
are accounted for as fair value hedges resulting in all fair value adjustments
being reflected as a component of the carrying value of the underlying debt.
For additional information regarding our interest rate derivatives, refer
to Note 11. </div> <div style="margin-top: 6pt; font-size:
1pt">  </div> <table width="100%" border="0" cellpadding="0"
cellspacing="0" style="text-align: left"> <tr> <td width="4%"></td>
<td width="2%"></td> <td width="94%"></td> </tr>
<tr valign="top" style="font-size: 10pt; font-family: 'Times New Roman',
Times; color: #000000; background: #FFFFFF"> <td> </td>
<td> •  </td> <td align="left"> <i>Tax-exempt
bonds </i>— We issued $30 million of tax-exempt
bonds during the six months ended June 30, 2009. The proceeds from
the issuance of the bonds were deposited directly into a trust fund and may
only be used for the specific purpose for which the money was raised, which
is generally to finance expenditures for landfill construction and development,
equipment, vehicles and facilities in support of our operations. Accordingly,
the restricted funds provided by these financing activities have not been
included in “New Borrowings” in our Condensed Consolidated
Statement of Cash Flows. During the six months ended June 30, 2009,
$65 million of our tax-exempt bonds were repaid with available cash.
</td> </tr> </table> </div> </body> </html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD
XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 4 - us-gaap:IncomeTaxDisclosureTextBlock--> <div style="margin-left:
0%"> <div style="margin-top: 12pt; font-size: 1pt">  </div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size:
10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF;
text-align: left"> <tr> <td width="3%"></td> <td width="97%"></td>
</tr> <tr valign="top"> <td> <b><font style="font-family:
'Times New Roman', Times">4.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">Income Taxes</font></b> </td> </tr> </table>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<div align="left" style="margin-left: 0%; margin-right: 0%; text-indent:
4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF"> Our effective tax rate for the three and six months
ended June 30, 2009 was 37.9% and 37.6%, respectively, compared with
37.5% and 37.2%, respectively, for the comparable prior-year periods. As a
result of our adoption of SFAS No. 160, the measurement
of our effective tax rate has changed from previous years. This change is
a result of an increase in our “Income before income taxes”
because of the exclusion from this measure of “Net income attributable
to noncontrolling interests,” or what was previously referred to
as “Minority interest” expense. Our 2008 effective tax
rate has been remeasured and reported in a manner consistent with the current
measurement approach. Amounts reported as “Net income attributable
to noncontrolling interests” are reported net of any applicable
taxes. </div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> The difference between federal income taxes
computed at the federal statutory rate and reported income taxes for the three-
and six- month periods ended June 30, 2009 and 2008 is primarily
due to state and local income taxes. For the three and six months ended June 30,
2008, the increase from state and local income taxes was offset, in part,
by the favorable impact of tax audit settlements, which reduced our provision
for income taxes by $7 million and $13 million, respectively.
Our provision for income taxes for the six months ended June 30,
2008 also included a tax benefit of $3 million for the final <font
style="white-space: nowrap">true-up</font> of our 2007 non-conventional
fuel tax credits. </div> <div style="margin-top: 6pt; font-size:
1pt">  </div> <div align="left" style="margin-left: 0%;
margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New
Roman', Times; color: #000000; background: #FFFFFF"> We evaluate our effective
tax rate at each interim period and adjust it accordingly as facts and circumstances
warrant. </div> </div> <!-- END PAGE WIDTH --> <!-- PAGEBREAK
--> <div style="margin-left: 0%"> <!-- BEGIN PAGE WIDTH -->
<div style="margin-top: 0pt; font-size: 1pt"> </div> <div align="center"
style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial,
Helvetica; color: #000000; background: #FFFFFF"> <b> <font style="font-family:
'Times New Roman', Times"> </font> </b> </div> <div
style="margin-top: 0pt; font-size: 1pt"> </div> <div align="center"
style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial,
Helvetica; color: #000000; background: #FFFFFF"> <b> <font style="font-family:
'Times New Roman', Times"> </font> </b> </div> <div
style="margin-top: 18pt; font-size: 1pt">  </div> </div>
</body> </html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD
XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 5 - us-gaap:ComprehensiveIncomeNoteTextBlock--> <div style="margin-left:
0%"> <div style="margin-top: 12pt; font-size: 1pt">  </div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size:
10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF;
text-align: left"> <tr> <td width="3%"></td> <td width="97%"></td>
</tr> <tr valign="top"> <td> <b><font style="font-family:
'Times New Roman', Times">5.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">Comprehensive Income</font></b> </td> </tr>
</table> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> Comprehensive income was as follows (in
millions): </div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <table border="0" width="100%" align="center" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <!-- Table Width
Row BEGIN --> <tr style="font-size: 1pt" valign="bottom"> <td
width="73%"> </td><!-- colindex=01 type=maindata -->
<td width="2%"> </td><!-- colindex=02 type=gutter
--> <td width="1%" align="right"> </td><!-- colindex=02
type=lead --> <td width="2%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="2%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="2%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="2%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="6" nowrap="nowrap" align="center" valign="bottom">
<b>Three Months<br /> </b> </td> <td>  
</td> <td>   </td> <td colspan="6" nowrap="nowrap"
align="center" valign="bottom"> <b>Six Months<br /> </b>
</td> <td>   </td> </tr> <tr style="font-size:
8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td colspan="6" nowrap="nowrap" align="center" valign="bottom"> <b>Ended<br
/> </b> </td> <td>   </td> <td>
  </td> <td colspan="6" nowrap="nowrap" align="center" valign="bottom">
<b>Ended<br /> </b> </td> <td>   </td>
</tr> <tr style="font-size: 8pt" valign="bottom" align="center">
<td nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td colspan="6" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>June 30,</b>
</td> <td>   </td> <td>   </td>
<td colspan="6" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>June 30,</b> </td> <td>
  </td> </tr> <tr style="font-size: 8pt" valign="bottom"
align="center"> <td nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>2009</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>2008</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>2009</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>2008</b> </td> <td>   </td> </tr>
<tr style="line-height: 3pt; font-size: 1pt"> <td>  </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Consolidated net income </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> 267 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 331
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
437 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
579 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Other comprehensive
income (loss), net of taxes: </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Unrealized losses resulting from changes in
fair value of derivative instruments, net of taxes </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(15 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (9 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (7 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (3 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Realized (gains)
losses on derivative instruments reclassified into earnings, net of taxes
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 16 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 4 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
9 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (1 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 20pt"> Unrealized gains (losses) on marketable securities,
net of taxes </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 6 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (2 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
3 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (5 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Foreign currency
translation adjustments </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 49 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
5 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 28 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (17 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Other comprehensive income (loss) </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 56 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (2 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 33 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (26 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Comprehensive income </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
323 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 329 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 470 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 553 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="background: #CCEEFF"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 20pt">
Comprehensive income attributable to noncontrolling interests </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (24 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (12 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (37 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (17 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Comprehensive income
attributable to Waste Management, Inc.  </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 299
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
317 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
433 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
536 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
</tr> </table> <div align="left" style="margin-left: 0%; margin-right:
0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF"> </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> The components
of accumulated other comprehensive income, which is included as a component
of Waste Management, Inc. stockholders’ equity, were as follows
(in millions): </div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <table border="0" width="100%" align="center" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <!-- Table Width
Row BEGIN --> <tr style="font-size: 1pt" valign="bottom"> <td
width="78%"> </td><!-- colindex=01 type=maindata -->
<td width="2%"> </td><!-- colindex=02 type=gutter
--> <td width="1%" align="right"> </td><!-- colindex=02
type=lead --> <td width="4%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="9%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>June 30,<br /> </b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom"> <b>December 31,<br />
</b> </td> <td>   </td> </tr> <tr
style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom"
style="border-bottom: 1px solid #000000"> <b>2009</b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>2008</b> </td> <td>  
</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td>  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Accumulated unrealized loss on derivative instruments,
net of taxes </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> (17 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> (19 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> </tr> <tr valign="bottom"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Accumulated unrealized loss on marketable securities, net of taxes
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (1 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> (2 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> Cumulative foreign currency
translation adjustments </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 141 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
113 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Underfunded post-retirement
benefit obligations, net of taxes </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (4 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(4 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
119 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
88 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> </div> </body> </html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD
XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 6 - us-gaap:EarningsPerShareTextBlock--> <div style="margin-left:
0%"> <div style="margin-top: 12pt; font-size: 1pt">  </div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size:
10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF;
text-align: left"> <tr> <td width="3%"></td> <td width="97%"></td>
</tr> <tr valign="top"> <td> <b><font style="font-family:
'Times New Roman', Times">6.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">Earnings Per Share</font></b> </td> </tr>
</table> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> Basic and diluted earnings per share were
computed using the following common share data (shares in millions): </div>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<table border="0" width="100%" align="center" cellpadding="0" cellspacing="0"
style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF; text-align: left"> <!-- Table Width Row BEGIN -->
<tr style="font-size: 1pt" valign="bottom"> <td width="69%"> </td><!--
colindex=01 type=maindata --> <td width="2%"> </td><!--
colindex=02 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=02 type=lead --> <td width="3%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="3%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="3%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="3%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="6" nowrap="nowrap" align="center" valign="bottom">
<b>Three Months<br /> </b> </td> <td>  
</td> <td>   </td> <td colspan="6" nowrap="nowrap"
align="center" valign="bottom"> <b>Six Months<br /> </b>
</td> <td>   </td> </tr> <tr style="font-size:
8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td colspan="6" nowrap="nowrap" align="center" valign="bottom"> <b>Ended<br
/> </b> </td> <td>   </td> <td>
  </td> <td colspan="6" nowrap="nowrap" align="center" valign="bottom">
<b>Ended<br /> </b> </td> <td>   </td>
</tr> <tr style="font-size: 8pt" valign="bottom" align="center">
<td nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td colspan="6" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>June 30,</b>
</td> <td>   </td> <td>   </td>
<td colspan="6" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>June 30,</b> </td> <td>
  </td> </tr> <tr style="font-size: 8pt" valign="bottom"
align="center"> <td nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>2009</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>2008</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>2009</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>2008</b> </td> <td>   </td> </tr>
<tr style="line-height: 3pt; font-size: 1pt"> <td>  </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Number of common shares outstanding at end of period </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 492.2 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 490.2 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
492.2 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 490.2 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Effect of using weighted average common shares
outstanding </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 0.2 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 0.5 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(0.1 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 3.1 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Weighted average basic common shares outstanding
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 492.4 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 490.7
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 492.1 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 493.3 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Dilutive effect
of equity-based compensation awards and other contingently issuable shares
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 1.3 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 3.9 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1.5 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 3.3 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Weighted average diluted common shares outstanding
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 493.7 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 494.6
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 493.6 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 496.6 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 3px
double #000000">   </td> <td style="border-top: 3px double
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 3px double #000000">  
</td> <td style="border-top: 3px double #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> <tr valign="bottom">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Potentially issuable shares </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
14.2 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 16.5 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 14.2 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 16.5
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Number of anti-dilutive potentially issuable shares
excluded from diluted common shares outstanding </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
5.4 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1.9 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 3.3 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1.9 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
</table> <div align="left" style="margin-left: 0%; margin-right:
0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF"> </div> </div> <!--
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</font> </b> </div> <div style="margin-top: 0pt; font-size:
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0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
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</font> </b> </div> <div style="margin-top: 18pt; font-size:
1pt">  </div> </div> </body> </html>
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XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 7 - us-gaap:CommitmentsAndContingenciesDisclosureTextBlock-->
<div style="margin-left: 0%"> <div style="margin-top: 12pt; font-size:
1pt">  </div> <table width="100%" border="0" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF; text-align: left"> <tr> <td width="3%"></td>
<td width="97%"></td> </tr> <tr valign="top"> <td>
<b><font style="font-family: 'Times New Roman', Times">7.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">Commitments and Contingencies</font></b> </td>
</tr> </table> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> <i>Financial instruments</i> —
We have obtained letters of credit, performance bonds and insurance policies
and have established trust funds and issued financial guarantees to support
tax-exempt bonds, contracts, performance of landfill closure and post-closure
requirements, environmental remediation, and other obligations. Letters of
credit generally are supported by our revolving credit facility and other
credit facilities established for that purpose. We obtain surety bonds and
insurance policies from an entity in which we have a non-controlling financial
interest. We also obtain insurance from a wholly-owned insurance company,
the sole business of which is to issue policies for us. In those instances
where our use of financial assurance from entities we own or have financial
interests in is not allowed, we generally have available alternative financial
assurance mechanisms. </div> <div style="margin-top: 6pt; font-size:
1pt">  </div> <div align="left" style="margin-left: 0%;
margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New
Roman', Times; color: #000000; background: #FFFFFF"> Management does not
expect to have any claims against or draws on these instruments that would
have a material adverse effect on our consolidated financial statements and
we have not experienced any unmanageable difficulty in obtaining the required
financial assurance instruments for our current operations. </div> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<i>Insurance</i> — We carry insurance coverage
for protection of our assets and operations from certain risks including automobile
liability, general liability, real and personal property, workers’
compensation, directors’ and officers’ liability, pollution
legal liability and other coverages we believe are customary to the industry.
Our exposure to loss for insurance claims is generally limited to the per
incident deductible under the related insurance policy. Our exposure, however,
could increase if our insurers were unable to meet their commitments on a
timely basis. </div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> We have retained a significant portion of
the risks related to our automobile, general liability and workers’
compensation insurance programs. For our self-insured retentions, the exposure
for unpaid claims and associated expenses, including incurred but not reported
losses, is based on an actuarial valuation and internal estimates. The estimated
accruals for these liabilities could be affected if future occurrences or
loss development significantly differ from the assumptions used. We do not
expect the impact of any known casualty, property, environmental or other
contingency to have a material impact on our financial condition, results
of operations or cash flows. </div> <div style="margin-top: 6pt;
font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> <i>Guarantees</i> —
In the ordinary course of our business, WMI and WM Holdings enter
into guarantee agreements associated with their subsidiaries’ operations.
Additionally, WMI and WM Holdings have each guaranteed all of the
senior debt of the other entity. No additional liabilities have been recorded
for these intercompany guarantees because all of the underlying obligations
are reflected in our Condensed Consolidated Balance Sheets. </div> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
We also have guaranteed the obligations of and provided indemnification to
third parties in the ordinary course of business. Guarantee agreements outstanding
as of June 30, 2009 include guarantees of unconsolidated entities’
financial obligations maturing through 2020 for maximum future payments of
$10 million; agreements guaranteeing the market value of homeowners’
properties adjacent to landfills; and the guarantee of interest rate swap
obligations of the funding entity in connection with our letter of credit
facility. Our indemnification obligations generally provide that we will be
responsible for liabilities associated with our operations for events that
occurred prior to the sale of the operations. We do not believe that it is
possible to determine the contingent obligations associated with these indemnities.
Additionally, under certain of our acquisition agreements, we have provided
for additional consideration to be paid to the sellers if established financial
targets are achieved post-closing. The costs associated with any additional
consideration requirements are accounted for as incurred. </div> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<i>Environmental matters</i> — A significant
portion of our operating costs and capital expenditures could be characterized
as costs of environmental protection, as we are subject to an array of laws
and regulations relating to the protection of the environment. Under current
laws and regulations, we may have liabilities for environmental damage caused
by our operations, or for damage caused by conditions that existed before
we acquired a site. In addition to remediation activity required by state
or local authorities, such liabilities include potentially responsible party,
or PRP, investigations. The costs associated with these liabilities can include
settlements, certain legal and consultant fees, and costs directly associated
with site investigation and <font style="white-space: nowrap">clean-up,</font>
such as materials and incremental internal costs directly related to the remedy.
</div> </div> <!-- END PAGE WIDTH --> <!-- PAGEBREAK
--> <div style="margin-left: 0%"> <!-- BEGIN PAGE WIDTH -->
<div style="margin-top: 0pt; font-size: 1pt"> </div> <div align="center"
style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial,
Helvetica; color: #000000; background: #FFFFFF"> <b> <font style="font-family:
'Times New Roman', Times"> </font> </b> </div> <div
style="margin-top: 0pt; font-size: 1pt"> </div> <div align="center"
style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial,
Helvetica; color: #000000; background: #FFFFFF"> <b> <font style="font-family:
'Times New Roman', Times"> </font> </b> </div> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
Estimating our degree of responsibility for remediation of a particular site
is inherently difficult and determining the method and ultimate cost of remediation
requires that a number of assumptions be made. There can sometimes be a range
of reasonable estimates of the costs associated with the likely remedy of
a site. In these cases, we use the amount within the range that constitutes
our best estimate. If no amount within a range appears to be a better estimate
than any other, we use the amount that is the low end of such range in accordance
with SFAS No. 5, <i>Accounting for Contingencies</i>,
and its interpretations. If we used the high ends of such ranges, our aggregate
potential liability would be approximately $145 million higher than
the $272 million recorded in the Condensed Consolidated Financial
Statements as of June 30, 2009. Our ongoing review of our remediation
liabilities could result in revisions to our accruals that could cause upward
or downward adjustments to income from operations. These adjustments could
be material in any given period. </div> <div style="margin-top: 6pt;
font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> As of June 30,
2009, we had been notified that we are a PRP in connection with 75 locations
listed on the EPA’s National Priorities List, or NPL. Of the 75
sites at which claims have been made against us, 16 are sites we own. Each
of the NPL sites we own was initially developed by others as a landfill disposal
facility. At each of these facilities, we are working in conjunction with
the government to characterize or remediate identified site problems, and
we have either agreed with other legally liable parties on an arrangement
for sharing the costs of remediation or are pursuing resolution of an allocation
formula. We generally expect to receive any amounts due from these parties
at or near the time that we make the remedial expenditures. The other 59 NPL
sites, which we do not own, are at various procedural stages under the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as amended,
known as CERCLA or Superfund. </div> <div style="margin-top: 6pt;
font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> <i>Litigation</i> —
In April 2002, two former participants in the ERISA plans of Waste Management
Holdings, Inc., a wholly-owned subsidiary we acquired in 1998 (“WM Holdings”),
filed a lawsuit in the U.S. District Court for the District of Columbia
in a case entitled <i>William S. Harris, et al. v. James E.
Koenig, et al</i>. The lawsuit named as defendants WM Holdings
and various members of WM Holdings’ Board of Directors
prior to July 1998, and the Administrative Committee of WM Holdings’
ERISA plans and its individual members; various members of the Administrative
and Investment Committees of WMI’s ERISA plans; and State Street
Bank & Trust, the trustee and investment manager of WMI’s
ERISA plans. The lawsuit attempts to increase the recovery of a class of ERISA
plan participants based on allegations related to both the events alleged
in, and the settlements relating to, the securities class action against WM Holdings
that was settled in 1998 and the securities class action against WMI that
was settled in 2001. The defendants filed motions to dismiss the complaints
on the pleadings, and in April 2009, the Court granted in part and denied
in part the defendants’ motions. The Court dismissed the plaintiffs’
claims that were based on alleged accounting irregularities by WM Holdings
for the period between January 1990 and February 1998. However, the Court
denied defendants’ motion to dismiss plaintiffs’ claims
alleging breaches of fiduciary duties against all of the defendants during
the time period between July 1999 and December 1999 based primarily on defendants
allowing the WM Holdings ERISA plan to participate in the settlement
of the securities class action against WM Holdings. Each of Mr. Pope,
Mr. Rothmeier and Ms. San Juan Cafferty, members
of our Board of Directors, was a member of the WM Holdings’
Board of Directors and therefore is a named defendant in these actions, as
is Mr. Simpson, our Chief Financial Officer, by virtue of his membership
on the WMI ERISA plan Investment Committee. The Court also denied the defendants’
motion for dismissal for the claims related to the period between February
2002 and July 2002 against State Street for failing to adequately represent
the plaintiffs’ interests in the settlement of the securities class
action against WMI. All of the defendants intend to defend themselves vigorously.
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> There are two separate wage and hour lawsuits
pending against certain of our subsidiaries in California, each seeking class
certification. The actions have recently been coordinated to proceed in San Diego
County. Both lawsuits make the same general allegations that the defendants
failed to comply with certain California wage and hour laws, including allegedly
failing to provide meal and rest periods, and failing to properly pay hourly
and overtime wages. Similarly, a purported class action lawsuit was filed
against WMI in August 2008 in federal court in Minnesota alleging that we
violated the Fair Labor Standards Act. We deny the claims in all of the actions
and intend to vigorously defend all of these matters. Given the inherent uncertainties
of litigation, the ultimate outcomes cannot be predicted at this time, nor
can possible damages, if any, be reasonably estimated. </div> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
From time to time, we also are named as defendants in personal injury and
property damage lawsuits, including purported class actions, on the basis
of having owned, operated or transported waste to a disposal facility that
is alleged to have contaminated the environment or, in certain cases, on the
basis of having conducted environmental remediation activities at sites. Some
of the lawsuits may seek to have us pay the costs of monitoring of allegedly
affected sites and health care examinations of allegedly affected persons
for a substantial period of time even where no actual damage is proven. While
we believe we have meritorious defenses to these lawsuits, the ultimate resolution
is often substantially uncertain due to the difficulty of determining the
cause, extent and impact of alleged contamination (which may have occurred
over a long period of time), the potential for successive groups of complainants
to emerge, the diversity of the individual plaintiffs’ circumstances,
and the potential contribution or indemnification obligations of co-defendants
or other third parties, among other factors. </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> As a large company
with operations across the United States and Canada, we are subject to various
proceedings, lawsuits, disputes and claims arising in the ordinary course
of our business. Many of these actions raise complex factual and legal issues
and are subject to uncertainties. Actions filed against us include commercial,
customer, and employment-related claims, including purported class action
lawsuits related to our customer service agreements and purported class actions
involving federal and state wage and hour and other laws. The plaintiffs in
some actions seek unspecified damages or injunctive relief, or both. These
actions are in various procedural stages, and some are covered in part by
insurance. We currently do not believe that any such actions will ultimately
have a material adverse impact on our consolidated financial statements. </div>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<div align="left" style="margin-left: 0%; margin-right: 0%; text-indent:
4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF"> WMI’s charter and bylaws currently require
indemnification of its officers and directors if statutory standards of conduct
have been met and allow the advancement of expenses to these individuals upon
receipt of an undertaking by the individuals to repay all expenses if it is
ultimately determined that they did not meet the required standards of conduct.
Additionally, WMI has entered into separate indemnification agreements with
each of the members of its Board of Directors as well as its Chief Executive
Officer, its President and its Chief Financial Officer. The Company may incur
substantial expenses in connection with the fulfillment of its advancement
of costs and indemnification obligations in connection with current actions
involving former officers of the Company or its subsidiaries, including the
<i>Harris </i>lawsuit mentioned above, or other actions or proceedings
that may be brought against its former or current officers, directors and
employees. </div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> On March 20, 2008, we filed a lawsuit
in state district court in Harris County, Texas against SAP AG and SAP America,
Inc., alleging fraud and breach of contract. The lawsuit relates to our 2005
software license from SAP for a waste and recycling revenue management system
and agreement for SAP to implement the software on a fixed-fee basis. We have
alleged (i) that SAP demonstrated and sold software that SAP represented
was a mature, <font style="white-space: nowrap">“out-of-the-box”</font>
software solution that met the specific business requirements of the Company,
(ii) that no production, modification or customization would be necessary
and (iii) that the software would be fully implemented throughout
the Company in 18 months. We are vigorously pursuing all claims available,
including recovery of all payments we have made, costs we have incurred and
the benefits we have not realized. SAP filed a general denial to the suit.
Discovery is ongoing and we have been assigned a trial date of March 2010.
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> During the first quarter of 2009, we determined
to enhance and improve our existing revenue management system and not pursue
alternatives associated with the development and implementation of a revenue
management system that would include the licensed SAP software. Accordingly,
after careful consideration of the failures and immaturity of the SAP software,
we determined to abandon any alternative that includes the use of the SAP
software. Our determination to abandon the SAP software resulted in a non-cash
impairment charge of $49 million. Refer to Note 10 for additional
information related to the impairment charge. </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> Item 103
of the SEC’s <font style="white-space: nowrap">Regulation S-K</font>
requires disclosure of certain environmental matters when a governmental authority
is a party to the proceedings and the proceedings involve potential monetary
sanctions that we reasonably believe could exceed $100,000. The following
matter, pending as of June 30, 2009, is disclosed in accordance with
that requirement: </div> <div style="margin-top: 6pt; font-size:
1pt">  </div> <div align="left" style="margin-left: 0%;
margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New
Roman', Times; color: #000000; background: #FFFFFF"> On April 4,
2006, the EPA issued a Finding and Notice of Violation (“FNOV”)
to Waste Management of Hawaii, Inc., an indirect wholly-owned subsidiary of
WMI, and to the City and County of Honolulu for alleged violations of the
federal Clean Air Act, based on alleged failure to submit certain reports
and design plans required by the EPA, and the failure to begin and timely
complete the installation of a gas collection and control system for the Waimanalo
Gulch Sanitary Landfill on Oahu. The FNOV did not propose a penalty amount
and the parties have been in confidential settlement negotiations. Pursuant
to an indemnity agreement, any penalty assessed will be paid by the Company,
and not by the City and County of Honolulu. </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> <i>Tax matters</i> —
We are currently in the examination phase of IRS audits for the 2008 and 2009
tax years. We expect the 2008 audit to be completed within the next six months
and the 2009 audit to be completed within the next 18 months. Audits
associated with state and local jurisdictions date back to 1999 and examinations
associated with Canada date back to 1998. To provide for certain potential
tax exposures, we maintain a liability for unrecognized tax benefits, the
balance of which management believes is adequate. Results of audit assessments
by taxing authorities could have a material effect on our quarterly or annual
cash flows as audits are completed, although we do not believe that current
tax audit matters will have a material adverse impact on our results of operations.
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> We have approximately $2.9 billion
of tax-exempt bond financings as of June 30, 2009. Tax-exempt financings
are structured pursuant to certain terms and conditions of the Internal Revenue
Code, which exempt from taxation the interest income earned by the bondholders.
The requirements of the Code are complex, and failure to comply with these
requirements could cause certain past interest payments made on the bonds
to be taxable and could cause either outstanding principal amounts on the
bonds to be accelerated or future interest payments on the bonds to be taxable.
Some of the Company’s tax-exempt financings have been, or currently
are, the subject of examinations by the IRS to determine whether the financings
meet the requirements of the Code and applicable regulations. </div>
</div> </body> </html>
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XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 8 - us-gaap:RestructuringAndRelatedActivitiesDisclosureTextBlock-->
<div style="margin-left: 0%"> <div style="margin-top: 12pt; font-size:
1pt">  </div> <table width="100%" border="0" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF; text-align: left"> <tr> <td width="3%"></td>
<td width="97%"></td> </tr> <tr valign="top"> <td>
<b><font style="font-family: 'Times New Roman', Times">8.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">Restructuring</font></b> </td> </tr> </table>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<div align="left" style="margin-left: 0%; margin-right: 0%; text-indent:
4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF"> In January 2009, we took steps to further streamline
our organization by (i) consolidating many of our Market Areas; (ii) integrating
the management of our recycling operations with the remainder of our solid
waste business; and (iii) realigning our Corporate organization with
this new structure in order to provide support functions more efficiently.
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> Our principal operations are managed through
our Groups, which are discussed in Note 9. Each of our geographic
Groups had been further divided into several Market Areas. As a result of
our restructuring, the 45 separate Market Areas that we previously operated
have been consolidated into 25 Areas. We have found that our larger Market
Areas generally were able to achieve efficiencies through economies of scale
that were not present in our smaller Market Areas, and believe that this reorganization
will allow us to lower costs and continue to standardize processes and improve
productivity. In addition, during the first quarter of 2009, responsibility
for the oversight of <font style="white-space: nowrap">day-to-day</font>
recycling operations at our material recovery facilities and secondary processing
facilities was transferred from our Waste Management Recycle America, or WMRA,
organization to our geographic Groups. By integrating the management of these
recycling services with the remainder of our solid waste business, we will
be able to more efficiently provide comprehensive environmental solutions
to our customers. In addition, as a result of this realignment, we have significantly
reduced the overhead costs associated with managing this portion of our business
and have increased the geographic Groups’ focus on maximizing the
profitability and return on invested capital of all aspects of our business.
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> This reorganization has eliminated over
1,500 employee positions throughout the Company. During the three
and six months ended June 30, 2009, we recognized $5 million
and $43 million, respectively, of pre-tax restructuring charges associated
with this reorganization of which $2 million and $38 million,
respectively, were related to employee severance and benefit costs. The remaining
charges were primarily related to abandoned operating lease agreements. The
following table summarizes the charges recognized for this restructuring by
each of our current reportable segments and our Corporate organization (in
millions): </div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <table border="0" width="100%" align="center" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <!-- Table Width
Row BEGIN --> <tr style="font-size: 1pt" valign="bottom"> <td
width="63%"> </td><!-- colindex=01 type=maindata -->
<td width="2%"> </td><!-- colindex=02 type=gutter
--> <td width="1%" align="right"> </td><!-- colindex=02
type=lead --> <td width="15%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="13%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>Three Months Ended<br /> </b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom"> <b>Six Months Ended<br
/> </b> </td> <td>   </td> </tr>
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom"
style="border-bottom: 1px solid #000000"> <b>June 30, 2009</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>June 30, 2009</b> </td>
<td>   </td> </tr> <tr style="line-height: 3pt;
font-size: 1pt"> <td>  </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Eastern </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
2 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
10 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Midwest </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
9 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Southern </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 9 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Western </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
6 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Wheelabrator </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Corporate </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 9 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> Total </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 5 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 43
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> Through June 30, 2009, we had paid
approximately $25 million of the employee severance and benefit costs
incurred as a result of this restructuring. The length of time we are obligated
to make severance payments varies, with the longest obligation continuing
through the third quarter of 2010. </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> We currently expect
to incur additional restructuring charges of up to $10 million associated
with this reorganization during the remainder of 2009. </div> </div>
</body> </html>
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XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 9 - us-gaap:SegmentReportingDisclosureTextBlock--> <div
style="margin-left: 0%"> <div style="margin-top: 12pt; font-size: 1pt"> 
</div> <table width="100%" border="0" cellpadding="0" cellspacing="0"
style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF; text-align: left"> <tr> <td width="3%"></td>
<td width="97%"></td> </tr> <tr valign="top"> <td>
<b><font style="font-family: 'Times New Roman', Times">9.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">Segment and Related Information</font></b> </td>
</tr> </table> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> We currently manage and evaluate our operations
primarily through our Eastern, Midwest, Southern, Western and Wheelabrator
Groups. These five Groups are presented below as our reportable segments.
Our segments provide integrated waste management services consisting of collection,
disposal (solid waste and hazardous waste landfills), transfer, <font style="white-space:
nowrap">waste-to-energy</font> facilities and independent power production
plants that are managed by Wheelabrator, recycling services and other services
to commercial, industrial, municipal and residential customers throughout
the United States and in Puerto Rico and Canada. The operations not managed
through our five operating Groups are presented herein as “Other.”
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> As a result of the transfer of responsibility
for the oversight of <font style="white-space: nowrap">day-to-day</font>
recycling operations at our material recovery facilities and secondary processing
facilities to the management teams of our geographic Groups, we also changed
the way we review the financial results of our geographic Groups. Beginning
in 2009, the financial results of our material recovery facilities and secondary
processing facilities are included as a component of their respective geographic
Group or segment and the financial results of our recycling brokerage business
and electronics recycling services are included as part of our “Other”
operations. We have reflected the impact of this change for all periods presented
to provide financial information that consistently reflects our current approach
to managing our geographic Group operations. </div> </div> <!--
END PAGE WIDTH --> <!-- PAGEBREAK --> <div style="margin-left:
0%"> <!-- BEGIN PAGE WIDTH --> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 6pt; font-size:
1pt">  </div> <div align="left" style="margin-left: 0%;
margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New
Roman', Times; color: #000000; background: #FFFFFF"> Summarized financial
information concerning our reportable segments for the three and six months
ended June 30 is shown in the following tables (in millions): </div>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<table border="0" width="100%" align="center" cellpadding="0" cellspacing="0"
style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF; text-align: left"> <!-- Table Width Row BEGIN -->
<tr style="font-size: 1pt" valign="bottom"> <td width="52%"> </td><!--
colindex=01 type=maindata --> <td width="2%"> </td><!--
colindex=02 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=02 type=lead --> <td width="6%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="9%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="6%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="8%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>Gross<br /> </b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Intercompany<br /> </b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom"> <b>Net<br
/> </b> </td> <td>   </td> <td>
  </td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> </tr> <tr
style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>Operating<br /> </b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom"> <b>Operating<br /> </b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom"> <b>Operating<br
/> </b> </td> <td>   </td> <td>
  </td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>Income from<br /> </b> </td> <td>  
</td> </tr> <tr style="font-size: 8pt" valign="bottom" align="center">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="border-bottom:
1px solid #000000; width: 1%; padding-bottom: 1px"> <b><font style="font-size:
10pt">Three Months Ended:</font></b> </div> </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Revenues</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Revenues</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Revenues</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Operations</b> </td> <td>   </td>
</tr> <tr style="line-height: 3pt; font-size: 1pt"> <td> 
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> <b>June 30, 2009</b> </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Eastern </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
756 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
(143 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
613 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
119 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Midwest </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
723 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (112 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 611 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 116 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Southern </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
840 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (111 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 729 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 191 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Western </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 785 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (104 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 681 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
146 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Wheelabrator </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 212 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(32 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 180 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 54 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Other </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 146 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (8 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 138 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (28 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
3,462 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (510 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 2,952 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
598 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Corporate and Other </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (64 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td nowrap="nowrap" align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 20pt">
Total </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 3,462 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> (510 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 2,952
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
534 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> <b>June 30, 2008</b> </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Eastern </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
884 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
(163 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
721 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
150 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Midwest </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
881 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (129 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 752 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 144 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Southern </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
957 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (128 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 829 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 216 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Western </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 872 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (110 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 762 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
167 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Wheelabrator </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 225 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(19 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 206 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 77 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Other </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 233 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (14 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 219 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (11 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
4,052 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (563 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 3,489 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
743 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Corporate and Other </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (111 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td nowrap="nowrap" align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 20pt">
Total </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 4,052 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> (563 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 3,489
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
632 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="line-height: 6pt"> <td>
  </td> <td>   </td> <td>  
</td> <td>   </td> <td>   </td>
<td>   </td> <td>   </td> <td>
  </td> <td>   </td> <td>  
</td> <td>   </td> <td>   </td>
<td>   </td> <td>   </td> <td>
  </td> <td>   </td> <td>  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> <b><u>Six Months Ended:</u></b>
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="line-height: 6pt"> <td>
  </td> <td>   </td> <td>  
</td> <td>   </td> <td>   </td>
<td>   </td> <td>   </td> <td>
  </td> <td>   </td> <td>  
</td> <td>   </td> <td>   </td>
<td>   </td> <td>   </td> <td>
  </td> <td>   </td> <td>  
</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> <b>June 30, 2009</b> </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Eastern </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
1,448 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> (265 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
1,183 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 211 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Midwest </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,372 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(207 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,165 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 201 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="background: #CCEEFF"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Southern </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,673 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(218 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,455 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 388 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Western </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,542 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (204 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,338 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 274 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Wheelabrator </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 413 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (58 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 355 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 93 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom"> <td nowrap="nowrap" align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Other </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 278 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (12 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
266 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (59 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
6,726 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (964 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 5,762 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,108 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Corporate and Other </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (202
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Total </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
6,726 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> (964 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
5,762 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 906 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> <b>June 30, 2008</b> </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Eastern </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
1,681 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> (301 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
1,380 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 273 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Midwest </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,655 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(241 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,414 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 246 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="background: #CCEEFF"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Southern </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,889 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(255 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,634 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 434 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Western </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 1,706 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (216 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,490 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 320 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Wheelabrator </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 438 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (41 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 397 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 135 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom"> <td nowrap="nowrap" align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Other </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 464 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (24 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
440 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (27 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
7,833 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (1,078 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 6,755 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,381 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Corporate and Other </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (238
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Total </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
7,833 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> (1,078 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> 6,755 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,143 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 3px
double #000000">   </td> <td style="border-top: 3px double
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 3px double #000000">  
</td> <td style="border-top: 3px double #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> Fluctuations in our operating results may
be caused by many factors, including <font style="white-space: nowrap">period-to-period</font>
changes in the relative contribution of revenue by each line of business and
operating segment and general economic conditions. </div> </div>
<!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <div style="margin-left:
0%"> <!-- BEGIN PAGE WIDTH --> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 6pt; font-size:
1pt">  </div> <div align="left" style="margin-left: 0%;
margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New
Roman', Times; color: #000000; background: #FFFFFF"> During the periods
presented, the comparability of the revenue and operating results of our geographic
Groups has been significantly affected by (i) the continued economic
downturn, which resulted in a decrease in our revenues when comparing the
three and six months ended June 30, 2009 with the comparable prior-year
periods due to reduced consumer and business spending; (ii) sharply
lower recycling commodities prices and diesel fuel prices when comparing the
three and six months ended June 30, 2009 with the comparable prior-year
periods, which resulted in a decline in both revenues and operating expenses;
and (iii) our continued focus on pricing, which continues to increase
revenues and the operating margins of our collection line of business. As
disclosed in Note 8, the income from operations of each of our geographic
Groups for the three and six months ended June 30, 2009 has also
been affected by our January 2009 reorganization. </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> The operating
margins provided by our Wheelabrator segment <font style="white-space:
nowrap">(waste-to-energy</font> facilities and independent power
production plants) have historically been higher than the margins provided
by our base business due generally to the combined impact of high margin long-term
disposal and energy contracts and the high disposal demands of the regions
in which our facilities are concentrated. </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> In addition, our
revenues and income from operations typically reflect seasonal patterns. Our
operating revenues tend to be somewhat higher in the summer months, primarily
due to the higher volume of construction and demolition waste. The volumes
of industrial and residential waste in certain regions where we operate also
tend to increase during the summer months. Our second and third quarter revenues
and results of operations typically reflect these seasonal trends, although
we saw a significantly weaker seasonal volume increase during 2009 than we
generally experience. Additionally, certain destructive weather conditions
that tend to occur during the second half of the year actually increase our
revenues in the areas affected. However, for several reasons, including significant
<font style="white-space: nowrap">start-up</font> costs, such
revenue often generates comparatively lower margins. Certain weather conditions
may result in the temporary suspension of our operations, which can significantly
affect the operating results of the affected regions. The operating results
of our first quarter also often reflect higher repair and maintenance expenses
because we rely on the slower winter months, when waste flows are generally
lower, to perform scheduled maintenance at our <font style="white-space:
nowrap">waste-to-energy</font> facilities. </div> </div>
</body> </html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD
XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 10 - us-gaap:UnusualOrInfrequentItemsDisclosureTextBlock-->
<div style="margin-left: 0%"> <div style="margin-top: 12pt; font-size:
1pt">  </div> <table width="100%" border="0" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF; text-align: left"> <tr> <td width="5%"></td>
<td width="95%"></td> </tr> <tr valign="top"> <td>
<b><font style="font-family: 'Times New Roman', Times">10.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">(Income) Expense from Divestitures, Asset Impairments and Unusual
Items</font></b> </td> </tr> </table> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
As of December 31, 2008, our “Property and equipment”
included $70 million of accumulated costs associated with the development
of our waste and recycling revenue management system. Approximately $49 million
of these costs were specifically associated with the purchase of the license
of SAP’s waste and recycling revenue management software and the
efforts required to develop and configure that software for our use. The remaining
costs were associated with the general efforts of integrating a revenue management
system with our existing applications and hardware. </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> After a failed
pilot implementation of the software in one of our smallest market areas,
the development efforts associated with this revenue management system were
suspended in 2007. As disclosed in Note 7, in March 2008, we filed
suit against SAP and have been assigned a trial date of March 2010. </div>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<div align="left" style="margin-left: 0%; margin-right: 0%; text-indent:
4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF"> During the first quarter of 2009, we determined to
enhance and improve our existing revenue management system and not pursue
alternatives associated with the development and implementation of a revenue
management system that would include the licensed SAP software. Accordingly,
after careful consideration of the failures of the SAP software, we determined
to abandon any alternative that would include the use of the SAP software.
The determination to abandon the SAP software as our revenue management system
resulted in a non-cash charge of $49 million. </div> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
During the second quarter of 2009, we recognized a $2 million impairment
charge due to a change in expectations for the operating life of a landfill
in our Southern Group. </div> </div> <!-- END PAGE WIDTH -->
<!-- PAGEBREAK --> <div style="margin-left: 0%"> <!-- BEGIN
PAGE WIDTH --> <div style="margin-top: 0pt; font-size: 1pt"> </div>
<div align="center" style="margin-left: 0%; margin-right: 0%; font-size:
10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">
<b> <font style="font-family: 'Times New Roman', Times"> </font>
</b> </div> <div style="margin-top: 0pt; font-size: 1pt">
</div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 18pt; font-size:
1pt">  </div> </div> </body> </html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD
XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 11 - wmi:FairValueDisclosuresAndDerivativeInstrumentsAndHedgingActivitiesTextBlock-->
<div style="margin-left: 0%"> <div style="margin-top: 12pt; font-size:
1pt">  </div> <table width="100%" border="0" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF; text-align: left"> <tr> <td width="5%"></td>
<td width="95%"></td> </tr> <tr valign="top"> <td>
<b><font style="font-family: 'Times New Roman', Times">11.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">Fair Value Measurements</font></b> </td> </tr>
</table> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 2%; margin-right: 0%;
font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b><i><font style="font-family: 'Times New Roman',
Times">Assets and Liabilities Accounted for at Fair Value</font></i></b>
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> SFAS No. 157 provides
a framework for measuring fair value and establishes a fair value hierarchy
that prioritizes the inputs used to measure fair value, giving the highest
priority to unadjusted quoted prices in active markets for identical assets
or liabilities (Level 1 inputs) and the lowest priority to unobservable
inputs (Level 3 inputs). </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> We use valuation
techniques that maximize the use of observable inputs and minimize the use
of unobservable inputs. In measuring the fair value of our assets and liabilities,
we use market data or assumptions that we believe market participants would
use in pricing an asset or liability, including assumptions about risk when
appropriate. As of June 30, 2009, our assets that are measured at
fair value on a recurring basis include the following (in millions): </div>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<table border="0" width="100%" align="center" cellpadding="0" cellspacing="0"
style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF; text-align: left"> <!-- Table Width Row BEGIN -->
<tr style="font-size: 1pt" valign="bottom"> <td width="61%"> </td><!--
colindex=01 type=maindata --> <td width="2%"> </td><!--
colindex=02 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=02 type=lead --> <td width="2%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="4%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="6%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="8%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="10" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Fair Value Measurements Using</b> </td>
<td>   </td> </tr> <tr style="font-size: 8pt"
valign="bottom" align="center"> <td nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom"> <b>Quoted<br
/> </b> </td> <td>   </td> <td>
  </td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>Significant<br /> </b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> </tr> <tr style="font-size: 8pt" valign="bottom" align="center">
<td nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Prices in<br /> </b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom"> <b>Other<br
/> </b> </td> <td>   </td> <td>
  </td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>Significant<br /> </b> </td> <td>  
</td> </tr> <tr style="font-size: 8pt" valign="bottom" align="center">
<td nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Active<br /> </b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom"> <b>Observable<br
/> </b> </td> <td>   </td> <td>
  </td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>Unobservable<br /> </b> </td> <td>  
</td> </tr> <tr style="font-size: 8pt" valign="bottom" align="center">
<td nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Markets<br /> </b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom"> <b>Inputs<br />
</b> </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>Inputs<br /> </b> </td> <td>   </td>
</tr> <tr style="font-size: 8pt" valign="bottom" align="center">
<td nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Total</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>(Level 1)</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>(Level 2)</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>(Level 3)</b> </td> <td>   </td>
</tr> <tr style="line-height: 3pt; font-size: 1pt"> <td> 
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Assets: </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Cash equivalents(a) </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 467
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
467 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> <font style="white-space:
nowrap">Available-for-sale</font> securities(b) </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
329 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 329 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Interest rate derivatives(c),(d)
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 52 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
52 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Foreign currency derivatives(e)
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 16 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
16 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
30pt"> Total assets </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 864 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> 796 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 68
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> </tr> </table> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> </div> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom:
1pt solid #000000"> </div><!-- callerid=999 iwidth=456 length=60
--> <div style="margin-top: 3pt; font-size: 1pt">  </div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF;
text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td>
<td width="96%"></td> </tr> <tr> <td valign="top">
(a) </td> <td></td> <td valign="bottom"> Our cash
equivalents consist primarily of money market funds that invest in United
States government obligations with original maturities of three months or
less.</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td> </td> </tr> <tr> <td valign="top">
(b) </td> <td></td> <td valign="bottom"> These assets
include (i) restricted trusts and escrow accounts invested in money
market mutual funds; (ii) restricted trusts and escrow accounts invested
in equity-based mutual funds; and (iii) other equity securities.</td>
</tr> <tr style="line-height: 3pt; font-size: 1pt"> <td> </td>
</tr> <tr> <td valign="top"> (c) </td> <td></td>
<td valign="bottom"> We use interest rate swaps to maintain a strategic
portion of our debt obligations at variable, market-driven interest rates.
As of June 30, 2009, we had approximately $4.8 billion in
fixed-rate senior notes outstanding. The interest payments on $1.5 billion
of these senior notes have been swapped to variable interest rates to protect
the debt against changes in fair value due to changes in benchmark interest
rates. We have designated our interest rate swaps as fair value hedges of
our fixed-rate senior notes. The following table summarizes the impact of
our interest rate derivatives on our balance sheet as of June 30,
2009 (in millions):</td> </tr> </table> <div style="margin-top:
6pt; font-size: 1pt">  </div> <table border="0" width="100%"
align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family:
'Times New Roman', Times; color: #000000; background: #FFFFFF; text-align:
left"> <!-- Table Width Row BEGIN --> <tr style="font-size: 1pt"
valign="bottom"> <td width="66%"> </td><!-- colindex=01
type=maindata --> <td width="2%"> </td><!-- colindex=02
type=gutter --> <td width="22%"> </td><!-- colindex=02
type=maindata --> <td width="3%"> </td><!-- colindex=03
type=gutter --> <td width="3%" align="right"> </td><!--
colindex=03 type=lead --> <td width="1%" align="right"> </td><!--
colindex=03 type=body --> <td width="3%" align="left"> </td><!--
colindex=03 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="left" valign="bottom"> <b>Derivatives Designated as Hedging<br
/> </b> </td> <td>   </td> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom">
  </td> </tr> <tr style="font-size: 8pt" valign="bottom"
align="center"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="border-bottom: 1px solid #000000; width: 1%; padding-bottom:
1px"> <b>Instruments Under SFAS No. 133</b> </div> </td>
<td>   </td> <td nowrap="nowrap" align="center" valign="bottom"
style="border-bottom: 1px solid #000000"> <b>Balance Sheet Location</b>
</td> <td>   </td> <td colspan="3" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Fair Value</b> </td> </tr> <tr style="line-height:
3pt; font-size: 1pt"> <td>  </td> </tr> <tr
valign="bottom"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Interest rate contracts </div> </td>
<td>   </td> <td align="left" valign="bottom">
Current other assets </td> <td>   </td> <td
nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Interest rate contracts </div> </td>
<td>   </td> <td align="left" valign="bottom">
Long-term other assets </td> <td>   </td> <td
nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> 52 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> <div style="margin-top: 3pt; font-size: 1pt"> 
</div> <table width="100%" border="0" cellpadding="0" cellspacing="0"
style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF; text-align: left"> <tr> <td width="3%"></td>
<td width="1%"></td> <td width="96%"></td> </tr>
<tr> <td valign="top"> </td> <td></td> <td
valign="bottom"> Gains or losses on the derivatives as well as the offsetting
losses or gains on the hedged items attributable to interest rate risk are
recognized in current earnings. We include gains and losses on derivative
instruments in the same financial statement line item as offsetting gains
and losses on the related hedged items. The following table summarizes the
impact of changes in the fair value of our derivatives and the underlying
hedged items on our results of operations for the three and six months ended
June 30, 2009 (in millions):</td> </tr> </table>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<table border="0" width="100%" align="center" cellpadding="0" cellspacing="0"
style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF; text-align: left"> <!-- Table Width Row BEGIN -->
<tr style="font-size: 1pt" valign="bottom"> <td width="41%"> </td><!--
colindex=01 type=maindata --> <td width="2%"> </td><!--
colindex=02 type=gutter --> <td width="5%" align="right"> </td><!--
colindex=02 type=lead --> <td width="1%" align="right"> </td><!--
colindex=02 type=body --> <td width="5%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="6%" align="right"> </td><!--
colindex=03 type=lead --> <td width="1%" align="right"> </td><!--
colindex=03 type=body --> <td width="6%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="5%" align="right"> </td><!--
colindex=04 type=lead --> <td width="1%" align="right"> </td><!--
colindex=04 type=body --> <td width="5%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="6%" align="right"> </td><!--
colindex=05 type=lead --> <td width="1%" align="right"> </td><!--
colindex=05 type=body --> <td width="6%" align="left"> </td><!--
colindex=05 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="7" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Three Months Ended June 30, 2009</b>
</td> <td>   </td> <td colspan="7" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Six
Months Ended June 30, 2009</b> </td> </tr> <tr
style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="left" valign="bottom"> <b>Statement of Operations<br />
</b> </td> <td>   </td> <td colspan="3"
nowrap="nowrap" align="center" valign="bottom"> <b>Gain (Loss) on<br
/> </b> </td> <td>   </td> <td colspan="3"
nowrap="nowrap" align="center" valign="bottom"> <b>Gain (Loss) on<br
/> </b> </td> <td>   </td> <td colspan="3"
nowrap="nowrap" align="center" valign="bottom"> <b>Gain (Loss) on<br
/> </b> </td> <td>   </td> <td colspan="3"
nowrap="nowrap" align="center" valign="bottom"> <b>Gain (Loss) on<br
/> </b> </td> </tr> <tr style="font-size: 8pt" valign="bottom"
align="center"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="border-bottom: 1px solid #000000; width: 1%; padding-bottom:
1px"> <b>Classification</b> </div> </td> <td>
  </td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom"
style="border-bottom: 1px solid #000000"> <b>Swap</b> </td>
<td>   </td> <td colspan="3" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Fixed-Rate
Debt</b> </td> <td>   </td> <td colspan="3"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Swap</b> </td> <td>   </td>
<td colspan="3" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Fixed-Rate Debt</b> </td> </tr>
<tr style="line-height: 3pt; font-size: 1pt"> <td>  </td>
</tr> <tr valign="bottom"> <td nowrap="nowrap" align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Interest expense </div> </td> <td>   </td>
<td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> (31 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 31 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="right" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> (40 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="right" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 40
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> </table> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> </div> </div>
<!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <div style="margin-left:
0%"> <!-- BEGIN PAGE WIDTH --> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 6pt; font-size:
1pt">  </div> <table width="100%" border="0" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <tr> <td
width="3%"></td> <td width="1%"></td> <td width="96%"></td>
</tr> <tr> <td valign="top"> (d) </td> <td></td>
<td valign="bottom"> Certain of our interest rate derivative instruments
contain provisions related to the Company’s credit ratings. If the
Company’s credit rating were to fall below investment grade, the
counterparties have the ability to cancel the derivative agreements and request
immediate payment of derivative instruments that are in net liability positions.
We do not have any derivative instruments with credit-risk-related contingent
features that are in a net liability position at June 30, 2009.</td>
</tr> <tr style="line-height: 3pt; font-size: 1pt"> <td> </td>
</tr> <tr> <td valign="top"> (e) </td> <td></td>
<td valign="bottom"> We use foreign currency exchange rate derivatives
to hedge our exposure to changes in exchange rates for anticipated intercompany
cash transactions between WM Holdings and its Canadian subsidiaries.
As of June 30, 2009, we have foreign currency forward contracts outstanding
for all of our anticipated cash flows associated with an outstanding debt
arrangement with these wholly-owned subsidiaries. The hedged cash flows include
$370 million of principal payments, which are scheduled for December 31,
2010, and $44 million of total interest payments scheduled for December 31,
2009 and December 31, 2010. We have designated our foreign currency
derivatives as cash flow hedges. The following table summarizes the impact
of our foreign currency derivatives on our balance sheet as of June 30,
2009 (in millions):</td> </tr> </table> <div style="margin-top:
6pt; font-size: 1pt">  </div> <table border="0" width="100%"
align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family:
'Times New Roman', Times; color: #000000; background: #FFFFFF; text-align:
left"> <!-- Table Width Row BEGIN --> <tr style="font-size: 1pt"
valign="bottom"> <td width="66%"> </td><!-- colindex=01
type=maindata --> <td width="2%"> </td><!-- colindex=02
type=gutter --> <td width="22%"> </td><!-- colindex=02
type=maindata --> <td width="3%"> </td><!-- colindex=03
type=gutter --> <td width="3%" align="right"> </td><!--
colindex=03 type=lead --> <td width="1%" align="right"> </td><!--
colindex=03 type=body --> <td width="3%" align="left"> </td><!--
colindex=03 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="left" valign="bottom"> <b>Derivatives Designated as Hedging<br
/> </b> </td> <td>   </td> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom">
  </td> </tr> <tr style="font-size: 8pt" valign="bottom"
align="center"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="border-bottom: 1px solid #000000; width: 1%; padding-bottom:
1px"> <b>Instruments Under SFAS No. 133</b> </div> </td>
<td>   </td> <td nowrap="nowrap" align="center" valign="bottom"
style="border-bottom: 1px solid #000000"> <b>Balance Sheet Location</b>
</td> <td>   </td> <td colspan="3" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Fair Value</b> </td> </tr> <tr style="line-height:
3pt; font-size: 1pt"> <td>  </td> </tr> <tr
valign="bottom"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Foreign exchange contracts </div> </td>
<td>   </td> <td align="left" valign="bottom">
Current other assets </td> <td>   </td> <td
nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> 1 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Foreign exchange contracts </div> </td>
<td>   </td> <td align="left" valign="bottom">
Long-term other assets </td> <td>   </td> <td
nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> 15 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> <div style="margin-top: 3pt; font-size: 1pt"> 
</div> <table width="100%" border="0" cellpadding="0" cellspacing="0"
style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF; text-align: left"> <tr> <td width="3%"></td>
<td width="1%"></td> <td width="96%"></td> </tr>
<tr> <td align="right" valign="top"> </td> <td></td>
<td valign="bottom"> Gains or losses on the derivatives as well as the
offsetting losses or gains on the hedged items attributable to foreign currency
exchange risk are recognized in current earnings. We include gains and losses
on derivative instruments in the same financial statement line item as offsetting
gains and losses on the related hedged items. The following table summarizes
the pre-tax impacts of our foreign currency cash flow derivatives on our results
of operations and comprehensive income for the three and six months ended
June 30, 2009 (in millions):</td> </tr> </table>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<table border="0" width="100%" align="center" cellpadding="0" cellspacing="0"
style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF; text-align: left"> <!-- Table Width Row BEGIN -->
<tr style="font-size: 1pt" valign="bottom"> <td width="16%"> </td><!--
colindex=01 type=maindata --> <td width="1%"> </td><!--
colindex=02 type=gutter --> <td width="6%" align="right"> </td><!--
colindex=02 type=lead --> <td width="1%" align="right"> </td><!--
colindex=02 type=body --> <td width="6%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="1%"> </td><!--
colindex=03 type=gutter --> <td width="13%"> </td><!--
colindex=03 type=maindata --> <td width="1%"> </td><!--
colindex=04 type=gutter --> <td width="6%" align="right"> </td><!--
colindex=04 type=lead --> <td width="1%" align="right"> </td><!--
colindex=04 type=body --> <td width="6%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="1%"> </td><!--
colindex=05 type=gutter --> <td width="6%" align="right"> </td><!--
colindex=05 type=lead --> <td width="1%" align="right"> </td><!--
colindex=05 type=body --> <td width="6%" align="left"> </td><!--
colindex=05 type=hang1 --> <td width="1%"> </td><!--
colindex=06 type=gutter --> <td width="13%"> </td><!--
colindex=06 type=maindata --> <td width="1%"> </td><!--
colindex=07 type=gutter --> <td width="6%" align="right"> </td><!--
colindex=07 type=lead --> <td width="1%" align="right"> </td><!--
colindex=07 type=body --> <td width="6%" align="left"> </td><!--
colindex=07 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 7pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="9" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Three Months Ended June 30, 2009</b>
</td> <td>   </td> <td colspan="9" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Six
Months Ended June 30, 2009</b> </td> </tr> <tr
style="font-size: 7pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom">
<b>Amount of Gain or<br /> </b> </td> <td>  
</td> <td nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> <td colspan="3" nowrap="nowrap"
align="center" valign="bottom"> <b>Amount of Gain or<br />
</b> </td> <td>   </td> <td colspan="3"
nowrap="nowrap" align="center" valign="bottom"> <b>Amount of Gain
or<br /> </b> </td> <td>   </td> <td
nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td colspan="3" nowrap="nowrap" align="center"
valign="bottom"> <b>Amount of Gain or<br /> </b> </td>
</tr> <tr style="font-size: 7pt" valign="bottom" align="center">
<td nowrap="nowrap" align="left" valign="bottom"> <b>Derivatives
in<br /> </b> </td> <td>   </td> <td
colspan="3" nowrap="nowrap" align="center" valign="bottom"> <b>(Loss)
Recognized<br /> </b> </td> <td>   </td>
<td nowrap="nowrap" align="center" valign="bottom">   </td>
<td>   </td> <td colspan="3" nowrap="nowrap" align="center"
valign="bottom"> <b>(Loss) Reclassified<br /> </b> </td>
<td>   </td> <td colspan="3" nowrap="nowrap" align="center"
valign="bottom"> <b>(Loss) Recognized<br /> </b> </td>
<td>   </td> <td nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td colspan="3"
nowrap="nowrap" align="center" valign="bottom"> <b>(Loss) Reclassified<br
/> </b> </td> </tr> <tr style="font-size: 7pt" valign="bottom"
align="center"> <td nowrap="nowrap" align="left" valign="bottom">
<b>SFAS No. 133 Cash<br /> </b> </td> <td>  
</td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom">
<b>in OCI on<br /> </b> </td> <td>  
</td> <td nowrap="nowrap" align="center" valign="bottom"> <b>Statement
of<br /> </b> </td> <td>   </td> <td
colspan="3" nowrap="nowrap" align="center" valign="bottom"> <b>from
AOCI into<br /> </b> </td> <td>   </td>
<td colspan="3" nowrap="nowrap" align="center" valign="bottom"> <b>in
OCI on<br /> </b> </td> <td>   </td>
<td nowrap="nowrap" align="center" valign="bottom"> <b>Statement
of<br /> </b> </td> <td>   </td> <td
colspan="3" nowrap="nowrap" align="center" valign="bottom"> <b>from
AOCI into<br /> </b> </td> </tr> <tr style="font-size:
7pt" valign="bottom" align="center"> <td nowrap="nowrap" align="left"
valign="bottom"> <b>Flow Hedging<br /> </b> </td>
<td>   </td> <td colspan="3" nowrap="nowrap" align="center"
valign="bottom"> <b>Derivatives<br /> </b> </td>
<td>   </td> <td nowrap="nowrap" align="center" valign="bottom">
<b>Operations<br /> </b> </td> <td>  
</td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom">
<b>Income<br /> </b> </td> <td>   </td>
<td colspan="3" nowrap="nowrap" align="center" valign="bottom"> <b>Derivatives<br
/> </b> </td> <td>   </td> <td nowrap="nowrap"
align="center" valign="bottom"> <b>Operations<br /> </b>
</td> <td>   </td> <td colspan="3" nowrap="nowrap"
align="center" valign="bottom"> <b>Income<br /> </b>
</td> </tr> <tr style="font-size: 7pt" valign="bottom" align="center">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="border-bottom:
1px solid #000000; width: 1%; padding-bottom: 1px"> <b>Relationships</b>
</div> </td> <td>   </td> <td colspan="3"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>(Effective Portion)</b> </td> <td>
  </td> <td nowrap="nowrap" align="center" valign="bottom"
style="border-bottom: 1px solid #000000"> <b>Classification</b>
</td> <td>   </td> <td colspan="3" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>(Effective Portion)</b> </td> <td>   </td>
<td colspan="3" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>(Effective Portion)</b> </td>
<td>   </td> <td nowrap="nowrap" align="center" valign="bottom"
style="border-bottom: 1px solid #000000"> <b>Classification</b>
</td> <td>   </td> <td colspan="3" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>(Effective Portion)</b> </td> </tr> <tr style="line-height:
3pt; font-size: 1pt"> <td>  </td> </tr> <tr
valign="bottom"> <td align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 8pt"> Foreign exchange contracts </div> </td>
<td>   </td> <td nowrap="nowrap" align="right" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> (24
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td align="left" valign="bottom">
Other income (expense) </td> <td>   </td> <td
nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> (24 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> (12 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
align="left" valign="bottom"> Other income (expense) </td> <td>
  </td> <td nowrap="nowrap" align="right" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> (12
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
</tr> <tr valign="bottom"> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> </table> <div align="left" style="margin-left: 0%; margin-right:
0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF"> </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <table width="100%" border="0"
cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF; text-align: left">
<tr> <td width="3%"></td> <td width="1%"></td>
<td width="96%"></td> </tr> <tr> <td align="right"
valign="top"> </td> <td></td> <td valign="bottom">
The above table represents the impacts of our foreign exchange contracts on
a pre-tax basis. Amounts reported in other comprehensive income and accumulated
other comprehensive income are reported net of tax. We recognized an after-tax
loss to other comprehensive income for changes in the fair value of our foreign
currency cash flow hedges of $15 million during the three months
ended June 30, 2009 and $7 million during the six months
ended June 30, 2009. After-tax losses reclassified from accumulated
other comprehensive income into income were $15 million and $8 million
during the three and six months ended June 30, 2009, respectively.</td>
</tr> <tr style="line-height: 3pt; font-size: 1pt"> <td> </td>
</tr> <tr> <td align="right" valign="top"> </td> <td></td>
<td valign="bottom"> There was no significant ineffectiveness during
the three and six months ended June 30, 2009.</td> </tr>
</table> <div style="margin-top: 12pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 2%; margin-right: 0%;
font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b><i><font style="font-family: 'Times New Roman',
Times">Fair Value of Debt</font></i></b> </div>
<div style="margin-top: 6pt; font-size: 1pt">  </div>
<div align="left" style="margin-left: 0%; margin-right: 0%; text-indent:
4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000;
background: #FFFFFF"> At June 30, 2009, the carrying value of
our debt was approximately $8.2 billion compared with $8.3 billion
at December 31, 2008. The carrying value of our debt includes adjustments
for both the unamortized fair value adjustments related to terminated hedge
arrangements and fair value adjustments of debt instruments that are currently
hedged. </div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="left" style="margin-left: 0%; margin-right: 0%;
text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color:
#000000; background: #FFFFFF"> The estimated fair value of our debt was
approximately $8.1 billion at June 30, 2009 and approximately
$7.7 billion at December 31, 2008. The estimated fair value
of our senior notes is based on quoted market prices. The carrying value of
remarketable debt approximates fair value due to the short-term nature of
the attached interest rates. The fair value of our other debt is estimated
using discounted cash flow analysis, based on rates we would currently pay
for similar types of instruments. The increase in the fair value of our debt
when comparing June 30, 2009 with December 31, 2008 is primarily
related to (i) an increase in market prices for corporate debt securities
due to a significant improvement in the condition of the credit markets as
compared with late 2008, which caused a substantial increase in the fair value
of our publicly-traded senior notes; and (ii) a significant decrease
in current market rates on fixed-rate tax-exempt bonds. </div> <div
style="margin-top: 6pt; font-size: 1pt">  </div> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
Although we have determined the estimated fair value amounts using available
market information and commonly accepted valuation methodologies, considerable
judgment is required in interpreting market data to develop the estimates
of fair value. Accordingly, our estimates are not necessarily indicative of
the amounts that we, or holders of the instruments, could realize in a current
market exchange. The use of different assumptions <font style="white-space:
nowrap">and/or</font> estimation methodologies could have a material
effect on the estimated fair values. The fair value estimates are based on
information available as of June 30, 2009 and December 31,
2008. These amounts have not been revalued since those dates, and current
estimates of fair value could differ significantly from the amounts presented.
</div> </div> </body> </html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD
XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 12 - us-gaap:ScheduleOfCondensedFinancialStatementsTextBlock-->
<div style="margin-left: 0%"> <div style="margin-top: 12pt; font-size:
1pt">  </div> <table width="100%" border="0" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF; text-align: left"> <tr> <td width="5%"></td>
<td width="95%"></td> </tr> <tr valign="top"> <td>
<b><font style="font-family: 'Times New Roman', Times">12.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">Condensed Consolidating Financial Statements</font></b>
</td> </tr> </table> <div style="margin-top: 6pt; font-size:
1pt">  </div> <div align="left" style="margin-left: 0%;
margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New
Roman', Times; color: #000000; background: #FFFFFF"> WM Holdings
has fully and unconditionally guaranteed all of WMI’s senior indebtedness.
WMI has fully and unconditionally guaranteed all of WM Holdings’
senior indebtedness. None of WMI’s other subsidiaries have guaranteed
any of WMI’s or WM Holdings’ debt. As a result
of these guarantee arrangements, we are required to present the following
condensed consolidating financial information (in millions): </div>
</div> <!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <div
style="margin-left: 0%"> <!-- BEGIN PAGE WIDTH --> <div style="margin-top:
0pt; font-size: 1pt"> </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b> <font style="font-family: 'Times
New Roman', Times"> </font> </b> </div> <div style="margin-top:
0pt; font-size: 1pt"> </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b> <font style="font-family: 'Times
New Roman', Times"> </font> </b> </div> <div style="margin-top:
12pt; font-size: 1pt">  </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b><font style="font-family: 'Times
New Roman', Times">CONDENSED CONSOLIDATING BALANCE SHEETS</font></b>
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b><font style="font-family: 'Times New Roman', Times">June 30,
2009<br /> (Unaudited)</font></b> </div> <div style="margin-top:
8pt; font-size: 1pt">  </div> <table border="0" width="100%"
align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family:
'Times New Roman', Times; color: #000000; background: #FFFFFF; text-align:
left"> <!-- Table Width Row BEGIN --> <tr style="font-size: 1pt"
valign="bottom"> <td width="51%"> </td><!-- colindex=01
type=maindata --> <td width="1%"> </td><!-- colindex=02
type=gutter --> <td width="1%" align="right"> </td><!--
colindex=02 type=lead --> <td width="3%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="2%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="4%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="2%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="9%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="2%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="7%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> <td width="2%"> </td><!--
colindex=06 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=06 type=lead --> <td width="7%" align="right"> </td><!--
colindex=06 type=body --> <td width="1%" align="left"> </td><!--
colindex=06 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>WM<br /> </b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Non-Guarantor<br /> </b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> </tr> <tr style="font-size:
8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>WMI</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Holdings</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Subsidiaries</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Eliminations</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Consolidated</b> </td> <td>  
</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td>  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td colspan="21" align="center" valign="bottom"> <div
style="text-indent: -8pt; margin-left: 8pt"> <b>ASSETS</b>
</div> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -8pt; margin-left:
8pt"> Current assets: </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -8pt; margin-left: 16pt"> Cash and cash equivalents
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 459 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 69 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 528
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -8pt; margin-left: 16pt"> Other current assets
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 10 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,878 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 1,889
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 469 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,947 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 2,417
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -8pt; margin-left: 8pt"> Property and equipment,
net </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 11,262 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
11,262 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 8pt"> Investments in and advances to affiliates </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 9,998 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 12,098 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,713 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (23,809 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom"> <td nowrap="nowrap" align="left"
valign="bottom"> <div style="text-indent: -8pt; margin-left: 8pt">
Other assets </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 77 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 17 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
6,375 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 6,469
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -8pt; margin-left: 24pt"> Total assets </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
10,544 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 12,116 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 21,297 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> (23,809
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 20,148
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="line-height: 9pt"> <td colspan="21">   </td>
</tr> <tr valign="bottom"> <td colspan="21" align="center"
valign="bottom"> <b>LIABILITIES AND EQUITY</b> </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 8pt"> Current liabilities: </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -8pt; margin-left: 16pt"> Current portion of
long-term debt </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 17 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> 35 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 192
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 244 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 16pt"> Accounts payable and other current liabilities
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 89 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 17 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,885 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 1,991
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
106 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 52 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 2,077 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 2,235 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -8pt; margin-left: 8pt"> Long-term debt, less current
portion </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 4,370 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
603 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 3,026 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
7,999 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -8pt; margin-left:
8pt"> Other liabilities </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 3,547 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 3,547 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom"> <div
style="text-indent: -8pt; margin-left: 24pt"> Total liabilities </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 4,476 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 655 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
8,650 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 13,781
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 8pt"> Equity: </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="background: #CCEEFF"> <td nowrap="nowrap" align="left"
valign="bottom"> <div style="text-indent: -8pt; margin-left: 16pt">
Stockholders’ equity </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 6,068
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 11,461 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 12,348 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(23,809 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 6,068 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 16pt"> Noncontrolling interests </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 299 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 299 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
6,068 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 11,461 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 12,647
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (23,809 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 6,367 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -8pt; margin-left: 24pt">
Total liabilities and equity </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> 10,544 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 12,116
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
21,297 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> (23,809 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> 20,148 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> </tr> </table> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> </div> <div
style="margin-top: 9pt; font-size: 1pt">  </div> <div
align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt;
font-family: Arial, Helvetica; color: #000000; background: #FFFFFF"> <b><font
style="font-family: 'Times New Roman', Times">December 31, 2008</font></b>
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <table border="0" width="100%" align="center" cellpadding="0"
cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <!-- Table Width
Row BEGIN --> <tr style="font-size: 1pt" valign="bottom"> <td
width="51%"> </td><!-- colindex=01 type=maindata -->
<td width="1%"> </td><!-- colindex=02 type=gutter
--> <td width="1%" align="right"> </td><!-- colindex=02
type=lead --> <td width="3%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="2%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="4%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="2%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="9%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="2%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="7%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> <td width="2%"> </td><!--
colindex=06 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=06 type=lead --> <td width="7%" align="right"> </td><!--
colindex=06 type=body --> <td width="1%" align="left"> </td><!--
colindex=06 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>WM<br /> </b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Non-Guarantor<br /> </b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> </tr> <tr style="font-size:
8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>WMI</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Holdings</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Subsidiaries</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Eliminations</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Consolidated</b> </td> <td>  
</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td>  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td colspan="21" align="center" valign="bottom"> <div
style="text-indent: -8pt; margin-left: 8pt"> <b>ASSETS</b>
</div> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -8pt; margin-left:
8pt"> Current assets: </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -8pt; margin-left: 16pt"> Cash and cash equivalents
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 450 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 30 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 480
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -8pt; margin-left: 16pt"> Other current assets
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 6 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,849 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 1,855
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 456 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,879 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 2,335
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -8pt; margin-left: 8pt"> Property and equipment,
net </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 11,402 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
11,402 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 8pt"> Investments and advances to affiliates </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 9,851 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 11,615 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1,334 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (22,800 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom"> <td nowrap="nowrap" align="left"
valign="bottom"> <div style="text-indent: -8pt; margin-left: 8pt">
Other assets </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 109 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 18 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
6,363 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 6,490
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -8pt; margin-left: 24pt"> Total assets </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
10,416 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 11,633 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 20,978 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> (22,800
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 20,227
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="line-height: 9pt"> <td colspan="21">   </td>
</tr> <tr valign="bottom"> <td colspan="21" align="center"
valign="bottom"> <b>LIABILITIES AND EQUITY</b> </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 8pt"> Current liabilities: </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -8pt; margin-left: 16pt"> Current portion of
long-term debt </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 507 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 328
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 835 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 16pt"> Accounts payable and other current liabilities
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 76 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 17 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
2,108 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 2,201
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
583 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 17 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 2,436 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 3,036 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -8pt; margin-left: 8pt"> Long-term debt, less current
portion </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 3,931 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
638 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 2,922 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
7,491 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -8pt; margin-left:
8pt"> Other liabilities </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 3,515 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 3,515 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom"> <div
style="text-indent: -8pt; margin-left: 24pt"> Total liabilities </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 4,514 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 655 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
8,873 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 14,042
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 8pt"> Equity: </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="background: #CCEEFF"> <td nowrap="nowrap" align="left"
valign="bottom"> <div style="text-indent: -8pt; margin-left: 16pt">
Stockholders’ equity </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 5,902
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 10,978 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 11,822 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(22,800 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 5,902 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-8pt; margin-left: 16pt"> Noncontrolling interests </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 283 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 283 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
5,902 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 10,978 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 12,105
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (22,800 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 6,185 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -8pt; margin-left: 24pt">
Total liabilities and equity </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> 10,416 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 11,633
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
20,978 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> (22,800 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> 20,227 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> </tr> </table> <div align="left" style="margin-left:
0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times
New Roman', Times; color: #000000; background: #FFFFFF"> </div> </div>
<!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <div style="margin-left:
0%"> <!-- BEGIN PAGE WIDTH --> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 12pt; font-size:
1pt">  </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b><font style="font-family: 'Times
New Roman', Times">CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS</font></b>
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b><font style="font-family: 'Times New Roman', Times">Three
Months Ended June 30, 2009<br /> (Unaudited)</font></b>
</div> <div style="margin-top: 12pt; font-size: 1pt"> 
</div> <table border="0" width="100%" align="center" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <!-- Table Width
Row BEGIN --> <tr style="font-size: 1pt" valign="bottom"> <td
width="47%"> </td><!-- colindex=01 type=maindata -->
<td width="2%"> </td><!-- colindex=02 type=gutter
--> <td width="1%" align="right"> </td><!-- colindex=02
type=lead --> <td width="2%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="4%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="9%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="7%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> <td width="3%"> </td><!--
colindex=06 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=06 type=lead --> <td width="7%" align="right"> </td><!--
colindex=06 type=body --> <td width="1%" align="left"> </td><!--
colindex=06 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>WM<br /> </b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Non-Guarantor<br /> </b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> </tr> <tr style="font-size:
8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>WMI</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Holdings</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Subsidiaries</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Eliminations</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Consolidated</b> </td> <td>  
</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td>  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> Operating revenues </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 2,952 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
2,952 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Costs and expenses </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 2,418 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 2,418 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Income from operations </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 534 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 534 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Other income (expense):
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Interest income (expense) </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(69 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (11 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (24 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (104 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Equity in subsidiaries,
net of taxes </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 289 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 296 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (585 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 220 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 285 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (24 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(585 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (104 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Income before income taxes </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
220 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 285 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 510 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (585 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
430 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Provision for (benefit from) income taxes </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (27 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (4 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 194 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 163 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Consolidated net income </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 247 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
289 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 316 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (585 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 267 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="background: #CCEEFF"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Less: Net income attributable to noncontrolling interests </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (20 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (20 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Net income attributable
to Waste Management, Inc.  </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 247
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
289 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
296 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
(585 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
247 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> <div style="margin-top: 18pt; font-size: 1pt"> 
</div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b><font style="font-family: 'Times New Roman', Times">Three
Months Ended June 30, 2008<br /> (Unaudited)</font></b>
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <table border="0" width="100%" align="center" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <!-- Table Width
Row BEGIN --> <tr style="font-size: 1pt" valign="bottom"> <td
width="47%"> </td><!-- colindex=01 type=maindata -->
<td width="2%"> </td><!-- colindex=02 type=gutter
--> <td width="1%" align="right"> </td><!-- colindex=02
type=lead --> <td width="2%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="4%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="9%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="7%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> <td width="3%"> </td><!--
colindex=06 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=06 type=lead --> <td width="7%" align="right"> </td><!--
colindex=06 type=body --> <td width="1%" align="left"> </td><!--
colindex=06 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>WM<br /> </b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Non-Guarantor<br /> </b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> </tr> <tr style="font-size:
8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>WMI</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Holdings</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Subsidiaries</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Eliminations</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Consolidated</b> </td> <td>  
</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td>  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> Operating revenues </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 3,489 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
3,489 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Costs and expenses </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 2,857 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 2,857 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Income from operations </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 632 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 632 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Other income (expense):
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Interest income (expense) </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(68 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (3 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (30 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (101 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Equity in subsidiaries,
net of taxes </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 361 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 363 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (724 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Other, net </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (1 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (1 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 293 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
360 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (31 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (724 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (102 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> Income before income taxes
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 293 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 360 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
601 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (724 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 530 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Provision for (benefit from) income taxes </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(25 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (1 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 225 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 199 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Consolidated net income </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
318 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 361 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 376 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (724 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
331 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Less: Net income
attributable to noncontrolling interests </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (13 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (13 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Net income attributable to Waste Management, Inc. 
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 318 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 361 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 363 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> (724 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
318 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> </div> <!-- END PAGE WIDTH --> <!-- PAGEBREAK
--> <div style="margin-left: 0%"> <!-- BEGIN PAGE WIDTH -->
<div style="margin-top: 0pt; font-size: 1pt"> </div> <div align="center"
style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial,
Helvetica; color: #000000; background: #FFFFFF"> <b> <font style="font-family:
'Times New Roman', Times"> </font> </b> </div> <div
style="margin-top: 0pt; font-size: 1pt"> </div> <div align="center"
style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial,
Helvetica; color: #000000; background: #FFFFFF"> <b> <font style="font-family:
'Times New Roman', Times"> </font> </b> </div> <div
style="margin-top: 18pt; font-size: 1pt">  </div> <div
align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt;
font-family: Arial, Helvetica; color: #000000; background: #FFFFFF"> <b><font
style="font-family: 'Times New Roman', Times">CONDENSED CONSOLIDATING STATEMENTS
OF OPERATIONS (Continued)</font></b> </div> <div style="margin-top:
12pt; font-size: 1pt">  </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b><font style="font-family: 'Times
New Roman', Times">Six Months Ended June 30, 2009<br />
(Unaudited)</font></b> </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <table border="0" width="100%"
align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family:
'Times New Roman', Times; color: #000000; background: #FFFFFF; text-align:
left"> <!-- Table Width Row BEGIN --> <tr style="font-size: 1pt"
valign="bottom"> <td width="46%"> </td><!-- colindex=01
type=maindata --> <td width="2%"> </td><!-- colindex=02
type=gutter --> <td width="1%" align="right"> </td><!--
colindex=02 type=lead --> <td width="3%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="4%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="9%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="7%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> <td width="3%"> </td><!--
colindex=06 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=06 type=lead --> <td width="7%" align="right"> </td><!--
colindex=06 type=body --> <td width="1%" align="left"> </td><!--
colindex=06 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>WM<br /> </b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Non-Guarantor<br /> </b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> </tr> <tr style="font-size:
8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>WMI</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Holdings</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Subsidiaries</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Eliminations</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Consolidated</b> </td> <td>  
</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td>  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> Operating revenues </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 5,762 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
5,762 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Costs and expenses </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 4,856 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 4,856 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Income from operations </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 906 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 906 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Other income (expense):
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Interest income (expense) </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(133 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (21 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (51 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (205 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Equity in subsidiaries,
net of taxes </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 483 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 496 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (979 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 350 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 475 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (51 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(979 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (205 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Income before income taxes </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
350 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 475 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 855 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (979 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
701 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Provision for (benefit from) income taxes </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (52 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (8 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 324 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 264 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Consolidated net income </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 402 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
483 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 531 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (979 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 437 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="background: #CCEEFF"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Less: Net income attributable to noncontrolling interests </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (35 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (35 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Net income attributable
to Waste Management, Inc.  </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> 402 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 483
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
496 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
(979 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
402 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> <div style="margin-top: 18pt; font-size: 1pt"> 
</div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b><font style="font-family: 'Times New Roman', Times">Six
Months Ended June 30, 2008<br /> (Unaudited)</font></b>
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <table border="0" width="100%" align="center" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <!-- Table Width
Row BEGIN --> <tr style="font-size: 1pt" valign="bottom"> <td
width="46%"> </td><!-- colindex=01 type=maindata -->
<td width="2%"> </td><!-- colindex=02 type=gutter
--> <td width="1%" align="right"> </td><!-- colindex=02
type=lead --> <td width="3%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="4%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="9%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="7%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> <td width="3%"> </td><!--
colindex=06 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=06 type=lead --> <td width="7%" align="right"> </td><!--
colindex=06 type=body --> <td width="1%" align="left"> </td><!--
colindex=06 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>WM<br /> </b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Non-Guarantor<br /> </b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> </tr> <tr style="font-size:
8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>WMI</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Holdings</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Subsidiaries</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Eliminations</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Consolidated</b> </td> <td>  
</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td>  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> Operating revenues </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 6,755 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
6,755 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Costs and expenses </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 5,612 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 5,612 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Income from operations </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,143 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 1,143 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Other income (expense): </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Interest income (expense)
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (136 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (19 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(63 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (218 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Equity in subsidiaries,
net of taxes </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 645 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 657 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (1,302 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Other, net </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (3 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (3 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 509 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
638 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (66 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (1,302 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> (221 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Income before income taxes </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
509 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 638 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 1,077 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (1,302
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
922 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Provision for (benefit
from) income taxes </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (50 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(7 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
400 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 343 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Consolidated net income </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
559 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 645 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 677 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (1,302 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
579 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Less: Net income
attributable to noncontrolling interests </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (20 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (20 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Net income attributable to Waste Management, Inc.  </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
559 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
645 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
657 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
(1,302 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
559 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 3px double #000000">   </td> <td style="border-top:
3px double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> </tr> </table> <div
align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size:
10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
</div> </div> <!-- END PAGE WIDTH --> <!-- PAGEBREAK
--> <div style="margin-left: 0%"> <!-- BEGIN PAGE WIDTH -->
<div style="margin-top: 0pt; font-size: 1pt"> </div> <div align="center"
style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial,
Helvetica; color: #000000; background: #FFFFFF"> <b> <font style="font-family:
'Times New Roman', Times"> </font> </b> </div> <div
style="margin-top: 0pt; font-size: 1pt"> </div> <div align="center"
style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial,
Helvetica; color: #000000; background: #FFFFFF"> <b> <font style="font-family:
'Times New Roman', Times"> </font> </b> </div> <div
style="margin-top: 12pt; font-size: 1pt">  </div> <div
align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt;
font-family: Arial, Helvetica; color: #000000; background: #FFFFFF"> <b><font
style="font-family: 'Times New Roman', Times">CONDENSED CONSOLIDATING STATEMENTS
OF CASH FLOWS</font></b> </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b><font style="font-family: 'Times
New Roman', Times">Six Months Ended June 30, 2009<br />
(Unaudited)</font></b> </div> <div style="margin-top:
6pt; font-size: 1pt">  </div> <table border="0" width="100%"
align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family:
'Times New Roman', Times; color: #000000; background: #FFFFFF; text-align:
left"> <!-- Table Width Row BEGIN --> <tr style="font-size: 1pt"
valign="bottom"> <td width="46%"> </td><!-- colindex=01
type=maindata --> <td width="2%"> </td><!-- colindex=02
type=gutter --> <td width="1%" align="right"> </td><!--
colindex=02 type=lead --> <td width="3%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="4%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="9%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="7%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> <td width="3%"> </td><!--
colindex=06 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=06 type=lead --> <td width="7%" align="right"> </td><!--
colindex=06 type=body --> <td width="1%" align="left"> </td><!--
colindex=06 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>WM<br /> </b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Non-Guarantor<br /> </b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> </tr> <tr style="font-size:
8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>WMI</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Holdings</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Subsidiaries</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Eliminations</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Consolidated</b> </td> <td>  
</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td>  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Cash flows from operating activities: </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Consolidated net
income </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 402 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 483 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 531 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> (979 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
437 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 20pt"> Equity in earnings of subsidiaries, net of taxes </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (483 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (496 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 979 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
20pt"> Other adjustments </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 7 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(1 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
624 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 630 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Net cash provided by (used in) operating activities
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (74 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> (14 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,155 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 1,067 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Cash flows from investing activities: </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
20pt"> Acquisitions of businesses, net of cash acquired </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (59 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (59 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> </tr> <tr valign="bottom"> <td
nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Capital expenditures </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (583
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (583 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Proceeds from divestitures
of businesses (net of cash divested) and other sales of assets </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
12 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 12 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Net receipts from restricted
trust and escrow accounts and other, net </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 67 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 67 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Net cash provided by (used in) investing activities </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(563 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (563 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Cash flows from financing activities: </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> New borrowings </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
793 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 115 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 908 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Debt repayments </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(810 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (204 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (1,014 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Cash dividends </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (285 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (285 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 20pt"> Exercise of common stock options </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
8 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 8 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Distributions paid to noncontrolling
interests and other </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (73 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(73 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> (Increase) decrease
in intercompany and investments, net </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 377 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
14 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (391 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Net cash provided by (used in) financing activities
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 83 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 14 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(553 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (456 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Effect of exchange rate changes on cash and cash equivalents </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> Increase in cash and cash
equivalents </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> 9 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 39 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 48 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Cash and cash equivalents
at beginning of period </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 450 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 30 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
480 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom" style="font-size: 1pt">
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 10pt"> Cash and cash equivalents
at end of period </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 459 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 69
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 528 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
</tr> </table> <div align="left" style="margin-left: 0%; margin-right:
0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF"> </div> </div> <!--
END PAGE WIDTH --> <!-- PAGEBREAK --> <div style="margin-left:
0%"> <!-- BEGIN PAGE WIDTH --> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 0pt; font-size:
1pt"> </div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b> <font style="font-family: 'Times New Roman', Times">
</font> </b> </div> <div style="margin-top: 18pt; font-size:
1pt">  </div> <div align="center" style="margin-left:
0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF"> <b><font style="font-family: 'Times
New Roman', Times">CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Continued)</font></b>
</div> <div style="margin-top: 12pt; font-size: 1pt"> 
</div> <div align="center" style="margin-left: 0%; margin-right:
0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
#FFFFFF"> <b><font style="font-family: 'Times New Roman', Times">Six
Months Ended June 30, 2008<br /> (Unaudited)</font></b>
</div> <div style="margin-top: 6pt; font-size: 1pt"> 
</div> <table border="0" width="100%" align="center" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF; text-align: left"> <!-- Table Width
Row BEGIN --> <tr style="font-size: 1pt" valign="bottom"> <td
width="46%"> </td><!-- colindex=01 type=maindata -->
<td width="2%"> </td><!-- colindex=02 type=gutter
--> <td width="1%" align="right"> </td><!-- colindex=02
type=lead --> <td width="3%" align="right"> </td><!--
colindex=02 type=body --> <td width="1%" align="left"> </td><!--
colindex=02 type=hang1 --> <td width="3%"> </td><!--
colindex=03 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=03 type=lead --> <td width="4%" align="right"> </td><!--
colindex=03 type=body --> <td width="1%" align="left"> </td><!--
colindex=03 type=hang1 --> <td width="3%"> </td><!--
colindex=04 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=04 type=lead --> <td width="9%" align="right"> </td><!--
colindex=04 type=body --> <td width="1%" align="left"> </td><!--
colindex=04 type=hang1 --> <td width="3%"> </td><!--
colindex=05 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=05 type=lead --> <td width="7%" align="right"> </td><!--
colindex=05 type=body --> <td width="1%" align="left"> </td><!--
colindex=05 type=hang1 --> <td width="3%"> </td><!--
colindex=06 type=gutter --> <td width="1%" align="right"> </td><!--
colindex=06 type=lead --> <td width="7%" align="right"> </td><!--
colindex=06 type=body --> <td width="1%" align="left"> </td><!--
colindex=06 type=hang1 --> </tr> <!-- Table Width Row END -->
<tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap"
align="center" valign="bottom">   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
  </td> <td>   </td> <td>  
</td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom">
<b>WM<br /> </b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom"> <b>Non-Guarantor<br /> </b> </td>
<td>   </td> <td>   </td> <td
colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom">  
</td> <td>   </td> </tr> <tr style="font-size:
8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center"
valign="bottom">   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>WMI</b> </td> <td>  
</td> <td>   </td> <td colspan="2" nowrap="nowrap"
align="center" valign="bottom" style="border-bottom: 1px solid #000000">
<b>Holdings</b> </td> <td>   </td>
<td>   </td> <td colspan="2" nowrap="nowrap" align="center"
valign="bottom" style="border-bottom: 1px solid #000000"> <b>Subsidiaries</b>
</td> <td>   </td> <td>   </td>
<td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom:
1px solid #000000"> <b>Eliminations</b> </td> <td>
  </td> <td>   </td> <td colspan="2"
nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid
#000000"> <b>Consolidated</b> </td> <td>  
</td> </tr> <tr style="line-height: 3pt; font-size: 1pt">
<td>  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Cash flows from operating activities: </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> </tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> Consolidated net
income </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 559 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 645 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 677 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> (1,302 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap"
align="right" valign="bottom"> 579 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Equity in earnings of subsidiaries,
net of taxes </div> </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> (645 </td> <td
nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(657 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,302 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
20pt"> Other adjustments </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (9 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(15 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 576 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 552 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="font-size: 1pt"> <td>  
</td> <td>   </td> <td style="border-top: 1px
solid #000000">   </td> <td style="border-top: 1px solid
#000000">   </td> <td>   </td> <td>
  </td> <td style="border-top: 1px solid #000000">  
</td> <td style="border-top: 1px solid #000000">   </td>
<td>   </td> <td>   </td> <td
style="border-top: 1px solid #000000">   </td> <td style="border-top:
1px solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom" style="background:
#CCEEFF"> <td align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 10pt"> Net cash provided by (used in) operating activities
</div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (95 </td> <td nowrap="nowrap" align="left"
valign="bottom"> ) </td> <td>   </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td
nowrap="nowrap" align="right" valign="bottom"> (27 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1,253 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 1,131 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> </tr> <tr
valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Cash flows from investing activities: </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
20pt"> Acquisitions of businesses, net of cash acquired </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (127
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (127 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Capital expenditures </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (486
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (486 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Proceeds from divestitures
of businesses (net of cash divested) and other sales of assets </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
38 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 38 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom"> <td align="left" valign="bottom"> <div
style="text-indent: -10pt; margin-left: 20pt"> Net receipts from restricted
trust and escrow accounts and other, net </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 76 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 76 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Net cash used in investing activities </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (499
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (499 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Cash flows from
financing activities: </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom">   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom">   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom">  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom">   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom"
style="background: #CCEEFF"> <td nowrap="nowrap" align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 20pt"> New borrowings </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 644 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> 327 </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 971 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom">
<td nowrap="nowrap" align="left" valign="bottom"> <div style="text-indent:
-10pt; margin-left: 20pt"> Debt repayments </div> </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(350 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (244 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (407 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (1,001 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom" style="background: #CCEEFF"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 20pt">
Common stock repurchases </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (401 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (401 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
20pt"> Cash dividends </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (266 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (266 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 20pt"> Exercise of common stock options </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
32 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 32 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> </tr> <tr valign="bottom">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 20pt"> Distributions paid to noncontrolling interests and
other </div> </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> 6 </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(112 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> (106 </td>
<td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr>
<tr valign="bottom" style="background: #CCEEFF"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 20pt">
(Increase) decrease in intercompany and investments, net </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
181 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 271 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (520 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 68 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Net cash provided
by (used in) financing activities </div> </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> (154
</td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
27 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (712 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 68 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> (771 </td> <td nowrap="nowrap"
align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom"
style="font-size: 1pt"> <td>   </td> <td>  
</td> <td style="border-top: 1px solid #000000">   </td>
<td style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom" style="background: #CCEEFF"> <td
align="left" valign="bottom"> <div style="text-indent: -10pt; margin-left:
10pt"> Effect of exchange rate changes on cash and cash equivalents </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
1 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 1 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> </tr>
<tr valign="bottom" style="font-size: 1pt"> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> </tr> <tr valign="bottom"> <td align="left"
valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt">
Increase (decrease) in cash and cash equivalents </div> </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
(249 </td> <td nowrap="nowrap" align="left" valign="bottom"> )
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> — </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td nowrap="nowrap" align="right" valign="bottom"> 43 </td> <td
nowrap="nowrap" align="left" valign="bottom">   </td> <td>
  </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td nowrap="nowrap" align="right" valign="bottom">
68 </td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (138 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> </tr> <tr valign="bottom" style="background: #CCEEFF">
<td align="left" valign="bottom"> <div style="text-indent: -10pt;
margin-left: 10pt"> Cash and cash equivalents at beginning of period </div>
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 416 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td nowrap="nowrap"
align="right" valign="bottom"> — </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td nowrap="nowrap" align="right" valign="bottom"> —
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> (68 </td> <td nowrap="nowrap" align="left" valign="bottom">
) </td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom">   </td> <td nowrap="nowrap" align="right"
valign="bottom"> 348 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 1px solid #000000">
  </td> <td style="border-top: 1px solid #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 1px solid #000000">   </td> <td
style="border-top: 1px solid #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
1px solid #000000">   </td> <td style="border-top: 1px
solid #000000">   </td> <td>   </td>
</tr> <tr valign="bottom"> <td align="left" valign="bottom">
<div style="text-indent: -10pt; margin-left: 10pt"> Cash and cash equivalents
at end of period </div> </td> <td>   </td>
<td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td
nowrap="nowrap" align="right" valign="bottom"> 167 </td> <td nowrap="nowrap"
align="left" valign="bottom">   </td> <td>  
</td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td>
<td nowrap="nowrap" align="right" valign="bottom"> — </td>
<td nowrap="nowrap" align="left" valign="bottom">   </td>
<td>   </td> <td nowrap="nowrap" align="left" valign="bottom">
$ </td> <td nowrap="nowrap" align="right" valign="bottom"> 43
</td> <td nowrap="nowrap" align="left" valign="bottom">  
</td> <td>   </td> <td nowrap="nowrap" align="left"
valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom">
— </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> <td>   </td> <td nowrap="nowrap"
align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right"
valign="bottom"> 210 </td> <td nowrap="nowrap" align="left" valign="bottom">
  </td> </tr> <tr valign="bottom" style="font-size:
1pt"> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
<td>   </td> <td style="border-top: 3px double #000000">
  </td> <td style="border-top: 3px double #000000">  
</td> <td>   </td> <td>   </td>
<td style="border-top: 3px double #000000">   </td> <td
style="border-top: 3px double #000000">   </td> <td>
  </td> <td>   </td> <td style="border-top:
3px double #000000">   </td> <td style="border-top: 3px
double #000000">   </td> <td>   </td>
</tr> </table> <div align="left" style="margin-left: 0%; margin-right:
0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times;
color: #000000; background: #FFFFFF"> </div> </div> <!--
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</font> </b> </div> <div style="margin-top: 0pt; font-size:
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0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background:
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1pt">  </div> </div> </body> </html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD
XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"
--> <html> <head></head> <body> <!-- Begin Block
Tagged Note 13 - us-gaap:DescriptionOfNewAccountingPronouncementsNotYetAdopted-->
<div style="margin-left: 0%"> <div style="margin-top: 12pt; font-size:
1pt">  </div> <table width="100%" border="0" cellpadding="0"
cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color:
#000000; background: #FFFFFF; text-align: left"> <tr> <td width="5%"></td>
<td width="95%"></td> </tr> <tr valign="top"> <td>
<b><font style="font-family: 'Times New Roman', Times">13.  </font></b>
</td> <td> <b><font style="font-family: 'Times New Roman',
Times">New Accounting Pronouncement Pending Adoption</font></b>
</td> </tr> </table> <div style="margin-top: 6pt; font-size:
1pt">  </div> <div align="left" style="margin-left: 0%;
margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New
Roman', Times; color: #000000; background: #FFFFFF"> In June 2009, the
FASB issued SFAS No. 167, <i>Amendments to FASB Interpretation
No. 46(R)</i>. SFAS No. 167 replaces FIN 46’s
quantitative-based assessment for determining which enterprise has a controlling
interest in a variable interest entity with an approach that is primarily
qualitative. This qualitative approach focuses on identifying the enterprise
that has (i) the power to direct the activities of the variable interest
entity that can most significantly impact the entity’s performance;
and (ii) the obligation to absorb losses and the right to receive
benefits from the entity that could potentially be significant to the variable
interest entity. SFAS No. 167 also requires an ongoing assessment
of whether an enterprise is the primary beneficiary of a variable interest
entity rather than a reassessment only upon the occurrence of specific events
as currently required by FIN 46. SFAS No. 167 is
effective for the Company January 1, 2010. We currently are in the
process of assessing the provisions of SFAS No. 167 and
have not determined whether the adoption of SFAS No. 167
will have a material impact on our consolidated financial statements. </div>
</div> </body> </html>
N/A false --12-31
2009-06-30
10-Q
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Waste
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