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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 201 $ 414
Accounts receivable, net of allowance for doubtful accounts of $87 and $165, respectively 3,435 3,272
Other receivables, net of allowance for doubtful accounts of $3 and $4, respectively 620 415
Parts and supplies 225 206
Other current assets 429 467
Total current assets 4,910 4,774
Property and equipment, net of accumulated depreciation and depletion of $25,096 and $23,777, respectively 20,378 19,340
Goodwill 13,880 13,438
Other intangible assets, net 3,767 4,188
Restricted funds 513 413
Investments in unconsolidated entities 779 846
Other long-term assets 1,608 1,568
Total assets 45,835 44,567
Current liabilities:    
Accounts payable 1,867 2,046
Accrued liabilities 2,211 2,180
Deferred revenues 735 673
Current portion of long-term debt 711 1,359
Total current liabilities 5,524 6,258
Long-term debt, less current portion 22,196 22,541
Deferred income taxes 3,160 2,815
Landfill and environmental remediation liabilities 3,278 3,048
Other long-term liabilities 1,686 1,651
Total liabilities 35,844 36,313
Commitments and contingencies (Note 10)
Waste Management, Inc. stockholders' equity:    
Common stock, $0.01 par value; 1,500,000,000 shares authorized; 630,282,461 shares issued 6 6
Additional paid-in capital 5,676 5,496
Retained earnings 17,232 15,858
Accumulated other comprehensive income (loss) (10) (115)
Treasury stock at cost 227,340,757 and 228,788,284 shares, respectively (12,914) (12,993)
Total Waste Management, Inc. stockholders' equity 9,990 8,252
Noncontrolling interests 1 2
Total equity 9,991 8,254
Total liabilities and equity $ 45,835 $ 44,567