Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income

11. Accumulated Other Comprehensive Income

The changes in the balances of each component of accumulated other comprehensive income, net of tax, which is included as a component of Waste Management, Inc. stockholders’ equity, are as follows (in millions, with amounts in parentheses representing debits to accumulated other comprehensive income):

	Derivative Instruments			Available- for-Sale Securities		Foreign Currency Translation Adjustments			Post- Retirement Benefit Plans		Total
Balance, December 31, 2013	$	(62	)	$	6	$	208		$	2	$	154
Other comprehensive income (loss) before reclassifications net of tax expense (benefit) of $(7), $1, $0 and $0, respectively		(11	)		2		(2	)		—		(11	)
Amounts reclassified from accumulated other comprehensive income net of tax (expense) benefit of $6, $0, $0 and $0, respectively		9			—		(17	)		—		(8	)
Net current period other comprehensive income (loss)		(2	)		2		(19	)		—		(19	)
Balance, June 30, 2014	$	(64	)	$	8	$	189		$	2	$	135

The amounts of other comprehensive income (loss) before reclassifications associated with our cash flow derivative instruments are as follows (in millions):

	Amount of Derivative Gain (Loss) Recognized in OCI (Effective  Portion)
	Three Months Ended June 30,						Six Months Ended June 30,
Derivatives Designated as Cash Flow Hedges	2014			2013			2014			2013
Forward-starting interest rate swaps	$	—		$	10		$	(8	)	$	12
Foreign currency derivatives		(12	)		12			(2	)		19
Electricity commodity derivatives		2			4			(8	)		(6	)
Total before tax		(10	)		26			(18	)		25
Tax (expense) benefit		4			(10	)		7			(10	)
Net of tax	$	(6	)	$	16		$	(11	)	$	15

The significant amounts reclassified out of each component of accumulated other comprehensive income are as follows (in millions, with amounts in parentheses representing debits to the statement of operations classification):

	Amount Reclassified  from Accumulated Other Comprehensive Income												Statement of Operations Classification
	Three Months Ended June 30,						Six Months Ended June 30,
Detail About Accumulated Other Comprehensive Income Components	2014			2013			2014			2013
Gains and losses on cash flow hedges:
Forward-starting interest rate swaps	$	(4	)	$	(2	)	$	(5	)	$	(4	)	Interest expense
Treasury rate locks		—			(1	)		(1	)		(1	)	Interest expense
Foreign currency derivatives		(13	)		11			—			19		Other, net
Electricity commodity derivatives		—			(1	)		(9	)		(6	)	Operating revenues
		(17	)		7			(15	)		8		Total before tax
		7			(3	)		6			(3	)	Tax (expense) benefit
Total reclassifications for the period	$	(10	)	$	4		$	(9	)	$	5		Net of tax