Acquisition of Oakleaf Global Holdings (Tables)

9 Months Ended

Sep. 30, 2011

Acquisition of Oakleaf Global Holdings (Tables) [Abstract]

Preliminary Purchase Price Allocation

Accounts and other receivables	$	68
Other current assets		28
Property and equipment		77
Goodwill		320
Intangible assets		92
Accounts payable		(80	)
Accrued liabilities		(48	)
Deferred income taxes, net		(13	)
Other liabilities		(12	)
Total purchase price	$	432

Preliminary allocation purchase price intangible assets

The following table presents the preliminary allocation of the purchase price to intangible assets (amounts in millions, except for amortization periods):

			Weighted Average
			Amortization
			Periods
	Amount		(in Years)
Customer relationships	$	74		10.0
Vendor relationships		9		10.0
Trademarks		9		15.0
Total intangible assets subject to amortization	$	92		10.5

Pro forma consolidated results of operations

The following pro forma consolidated results of operations have been prepared as if the acquisition of Oakleaf occurred at January 1, 2010 (in millions, except per share amounts):

					Nine Months
	Three Months				Ended
	Ended September 30,				September 30,
	2011		2010		2011		2010
Operating revenues	$	3,566	$	3,379	$	10,287	$	9,740
Net income attributable to Waste Management, Inc.		272		239		689		660
Basic earnings per common share		0.58		0.50		1.46		1.37
Diluted earnings per common share		0.58		0.50		1.45		1.36