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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CONSOLIDATED STATEMENTS OF OPERATIONS      
Operating revenues $ 25,204 $ 22,063 $ 20,426
Costs and expenses:      
Operating 15,012 13,383 12,606
Selling, general and administrative 2,722 2,264 1,926
Depreciation, depletion and amortization 2,863 2,267 2,071
Restructuring 51 4 5
(Gain) loss from divestitures, asset impairments and unusual items, net 248 82 243
Total costs and expenses 20,896 18,000 16,851
Income from operations 4,308 4,063 3,575
Other income (expense):      
Interest expense, net (912) (598) (500)
Equity in net income (loss) of unconsolidated entities 10 4 (60)
Other, net 20 (11) 6
Total other income (expense) (882) (605) (554)
Income before income taxes 3,426 3,458 3,021
Income tax expense 717 713 745
Consolidated net income 2,709 2,745 2,276
Less: Net income (loss) attributable to noncontrolling interests 1 (1) (28)
Net income attributable to Waste Management, Inc. $ 2,708 $ 2,746 $ 2,304
Basic earnings per common share $ 6.72 $ 6.84 $ 5.69
Diluted earnings per common share $ 6.7 $ 6.81 $ 5.66