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Landfill and Environmental Remediation Liabilities
9 Months Ended
Sep. 30, 2012
Landfill and Environmental Remediation Liabilities

2.    Landfill and Environmental Remediation Liabilities

Liabilities for landfill and environmental remediation costs are presented in the table below (in millions):

 

     September 30, 2012      December 31, 2011  
     Landfill      Environmental
Remediation
     Total      Landfill      Environmental
Remediation
     Total  

Current (in accrued liabilities)

   $ 118       $ 36       $ 154       $ 123       $ 38       $ 161   

Long-term

     1,225         228         1,453         1,169         235         1,404   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,343       $ 264       $ 1,607       $ 1,292       $ 273       $ 1,565   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

The changes to landfill and environmental remediation liabilities for the year ended December 31, 2011 and the nine months ended September 30, 2012 are reflected in the table below (in millions):

 

     Landfill     Environmental
Remediation
 

December 31, 2010

   $ 1,266      $ 284   

Obligations incurred and capitalized

     49          

Obligations settled

     (80     (37

Interest accretion

     84        6   

Revisions in cost estimates and interest rate assumptions

     (30     23   

Acquisitions, divestitures and other adjustments

     3        (3
  

 

 

   

 

 

 

December 31, 2011

     1,292        273   

Obligations incurred and capitalized

     43          

Obligations settled

     (58     (19

Interest accretion

     62        3   

Revisions in cost estimates and interest rate assumptions

     4        7   

Acquisitions, divestitures and other adjustments

              
  

 

 

   

 

 

 

September 30, 2012

   $ 1,343      $ 264   
  

 

 

   

 

 

 

At several of our landfills, we provide financial assurance by depositing cash into restricted trust funds or escrow accounts for purposes of settling final capping, closure, post-closure and environmental remediation obligations. Generally, these trust funds are established to comply with statutory requirements and operating agreements. See Note 13 for additional information related to these trusts.