Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2017

Accumulated Other Comprehensive Income (Loss)

Components of Accumulated Other Comprehensive Income (Loss)

The changes in the balances of each component of accumulated other comprehensive income (loss), 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 decreases to accumulated other comprehensive income):

					Foreign		Post-
			Available-		Currency		Retirement
	Derivative		for-Sale		Translation		Benefit
	Instruments		Securities		Adjustments		Obligations		Total
Balance, December 31, 2016	$	(40)	$	13	$	(47)	$	(6)	$	(80)
Other comprehensive income before reclassifications, net of tax expense of $0,  $2,  $0 and $0, respectively		—		2		86		—		88
Amounts reclassified from accumulated other comprehensive loss, net of tax benefit of $3,  $0,  $0 and $0, respectively		6		—		—		—		6
Net current period other comprehensive income		6		2		86		—		94
Balance, September 30, 2017	$	(34)	$	15	$	39	$	(6)	$	14

Reclassification of Component of Accumulated Other Comprehensive Income (Loss) Associated with Cash Flow Hedges

The significant amounts reclassified out of each component of accumulated other comprehensive income (loss) associated with our previously terminated cash flow hedges are as follows (in millions, with amounts in parentheses representing debits to the statement of operations classification):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,				Statement of
	2017		2016		2017		2016		Operations Classification
Forward-starting interest rate swaps	$	(2)	$	(2)	$	(8)	$	(8)	Interest expense, net
Treasury rate locks		(1)		(1)		(1)		(1)	Interest expense, net
Foreign currency derivatives		—		—		—		(20)	Other, net
		(3)		(3)		(9)		(29)	Total before tax
		1		1		3		11	Tax benefit
Total reclassifications for the period	$	(2)	$	(2)	$	(6)	$	(18)	Net of tax