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Landfill and Environmental Remediation Liabilities
9 Months Ended
Sep. 30, 2017
Landfill and Environmental Remediation Liabilities  
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, 2017

 

December 31, 2016

 

 

 

 

 

Environmental

 

 

 

 

 

 

 

Environmental

 

 

 

 

    

Landfill

    

Remediation

    

Total

    

Landfill

    

Remediation

    

Total

Current (in accrued liabilities)

 

$

140

 

$

23

 

$

163

 

$

119

 

$

28

 

$

147

Long-term

 

 

1,500

 

 

227

 

 

1,727

  

 

1,457

 

 

218

 

 

1,675

 

 

$

1,640

 

$

250

 

$

1,890

 

$

1,576

 

$

246

 

$

1,822

 

The changes to landfill and environmental remediation liabilities for the nine months ended September 30, 2017 are reflected in the table below (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

Environmental

 

    

Landfill

    

Remediation

December 31, 2016

 

$

1,576

 

$

246

Obligations incurred and capitalized

 

 

51

  

 

 —

Obligations settled

 

 

(74)

  

 

(14)

Interest accretion

 

 

68

  

 

 2

Revisions in estimates and interest rate assumptions (a)

 

 

14

  

 

16

Acquisitions, divestitures and other adjustments

 

 

 5

  

 

 —

September 30, 2017

 

$

1,640

 

$

250


(a)

Includes a $9 million charge to adjust our subsidiary’s estimated potential share of an environmental remediation liability and related costs for a closed site in Harris County, Texas, as further discussed in Note 6.

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.