Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Accumulated Other Comprehensive Loss

10. Accumulated Other Comprehensive Loss

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

	Derivative Instruments			Available- for-Sale Securities		Foreign Currency Translation Adjustments			Post- Retirement Benefit Obligation			Total
Balance, December 31, 2016	$	(40	)	$	13	$	(47	)	$	(6	)	$	(80	)
Other comprehensive income before reclassifications, net of tax expense of $0, $1, $0 and $0, respectively		—			1		10			1			12
Amounts reclassified from accumulated other comprehensive loss, net of tax benefit of $1, $0, $0 and $0, respectively		2			—		—			—			2
Net current period other comprehensive income		2			1		10			1			14
Balance, March 31, 2017	$	(38	)	$	14	$	(37	)	$	(5	)	$	(66	)

There were no derivatives outstanding as of March 31, 2017. The amounts of other comprehensive loss before reclassifications associated with the effective portion of derivatives designated as cash flow hedges for the three months ended March 31, 2016 were as follows (in millions):

Foreign currency derivatives	$	(11	)
Tax benefit		4
Net of tax	$	(7	)

The significant amounts reclassified out of each component of accumulated other comprehensive loss associated with our cash flow hedges for the three months ended March 31 are as follows (in millions, with amounts in parentheses representing debits to the statement of operations classification):

	2017			2016			Statement of Operations Classification
Forward-starting interest rate swaps	$	(3	)	$	(3	)	Interest expense, net
Foreign currency derivatives		—			(20	)	Other, net
		(3	)		(23	)	Total before tax
		1			9		Tax benefit
Total reclassifications for the period	$	(2	)	$	(14	)	Net of tax