Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2011

Comprehensive Income (Tables) [Abstract]

Comprehensive Income

Comprehensive income was as follows (in millions):

	Three Months						Nine Months
	Ended September 30,						Ended September 30,
	2011			2010			2011			2010
Consolidated net income	$	285		$	258		$	731		$	708
Other comprehensive income (loss), net of taxes:
Unrealized losses resulting from changes in fair value of derivative instruments, net of taxes		(12	)		(21	)		(25	)		(54	)
Realized (gains) losses on derivative instruments reclassified into earnings, net of taxes		(18	)		10			(9	)		10
Unrealized gains (losses) on marketable securities, net of taxes		(3	)		1			(4	)		1
Foreign currency translation adjustments		(82	)		30			(46	)		20
Change in funded status of post-retirement benefit obligations, net of taxes		—			—			(2	)		(1	)
Other comprehensive income (loss)		(115	)		20			(86	)		(24	)
Comprehensive income		170			278			645			684
Comprehensive income attributable to noncontrolling interests		(13	)		(14	)		(36	)		(36	)
Comprehensive income attributable to Waste Management, Inc.	$	157		$	264		$	609		$	648

Components of accumulated other comprehensive income, which is included as a component of Waste Management, Inc. Stockholders' equity

The components of accumulated other comprehensive income, which is included as a component of Waste Management, Inc. stockholders’ equity, were as follows (in millions):

	September 30,			December 31,
	2011			2010
Accumulated unrealized loss on derivative instruments, net of taxes	$	(67	)	$	(33	)
Accumulated unrealized gain on marketable securities, net of taxes		1			5
Foreign currency translation adjustments		215			261
Funded status of post-retirement benefit obligations, net of taxes		(5	)		(3	)
	$	144		$	230