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Landfill and Environmental Remediation Liabilities
3 Months Ended
Mar. 31, 2017
Text Block [Abstract]  
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):

 

     March 31, 2017      December 31, 2016  
     Landfill      Environmental
Remediation
     Total      Landfill      Environmental
Remediation
     Total  

Current (in accrued liabilities)

   $ 133      $ 26      $ 159      $ 119      $ 28      $ 147  

Long-term

     1,475        217        1,692        1,457        218        1,675  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,608      $ 243      $ 1,851      $ 1,576      $ 246      $ 1,822  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

The changes to landfill and environmental remediation liabilities for the three months ended March 31, 2017 are reflected in the table below (in millions):

 

     Landfill      Environmental
Remediation
 

December 31, 2016

   $ 1,576      $ 246  

Obligations incurred and capitalized

     15        —    

Obligations settled

     (14      (4

Interest accretion

     22        1  

Revisions in estimates and interest rate assumptions

     8        1  

Acquisitions, divestitures and other adjustments

     1        (1
  

 

 

    

 

 

 

March 31, 2017

   $ 1,608      $ 243  
  

 

 

    

 

 

 

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.