Business Disposition

6 Months Ended

Jun. 30, 2016

Discontinued Operations And Disposal Groups [Abstract]

Business Disposition

Note 3—Business disposition —  Waste Control Specialists LLC:

On November 18, 2015, we entered into an agreement with Rockwell Holdco, Inc. ("Rockwell"), for the sale of WCS to Rockwell for $270 million in cash, $20 million face amount in Series A Preferred Stock of Rockwell plus the assumption of all of WCS’ third-party indebtedness incurred prior to the date of the agreement.  Additionally, Rockwell and its affiliates will assume all financial assurance obligations related to the WCS business.  Rockwell is the parent company of EnergySolutions, Inc.   Completion of the sale is subject to certain customary closing conditions, including the receipt of U.S. anti-trust approval, and is expected to close in the second half of 2016, assuming all closing conditions are satisfied.  There can be no assurance that any such sale of WCS would be completed.  Due to, among other things, the size of our WCS business relative to our other businesses in terms of both net sales and asset size, the disposal of WCS would not constitute a strategic shift that would have a major effect on our consolidated operations and financial results under the guidance in ACS 205-20.  Accordingly, assuming the sale of WCS is completed, WCS would not be presented as discontinued operations in our Condensed Consolidated Financial Statements.   See Note 2 for additional information regarding the operations of the Waste Management Segment.  Significant items included in our Condensed Consolidated Balance Sheets related to WCS at December 31, 2015 and June 30, 2016 included:

	December 31, 2015		June 30, 2016
	(In millions)
ASSETS
Current assets	$	10.1	$	10.8
Operating permits		48.1		46.2
Restricted cash		16.2		18.9
Property and equipment, net		150.0		144.3
LIABILITIES
Current portion of long-term debt	$	4.9	$	4.3
Payable to Contran		26.1		28.7
Long-term debt		71.4		69.8
Accrued noncurrent closure and post closure costs		27.4		28.4