Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2017

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

12.  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, 2014	$	(61)	$	10	$	84	$	(10)	$	23
Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $20,  $(1),  $0 and $1, respectively		30		(2)		(164)		2		(134)
Amounts reclassified from accumulated other comprehensive (income) loss, net of tax (expense) benefit of $(14),  $0,  $0 and $0, respectively		(21)		—		5		—		(16)
Net current period other comprehensive income (loss)		9		(2)		(159)		2		(150)
Balance, December 31, 2015	$	(52)	$	8	$	(75)	$	(8)	$	(127)
Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $(4),  $3,  $0 and $0, respectively		(7)		5		26		—		24
Amounts reclassified from accumulated other comprehensive (income) loss, net of tax (expense) benefit of $12,  $0,  $0 and $1, respectively		19		—		2		2		23
Net current period other comprehensive income (loss)		12		5		28		2		47
Balance, December 31, 2016	$	(40)	$	13	$	(47)	$	(6)	$	(80)
Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $0,  $2,  $0 and $1, respectively		—		3		76		3		82
Amounts reclassified from accumulated other comprehensive (income) loss, net of tax (expense) benefit of $5,  $(1),  $0 and $0, respectively		7		(1)		—		—		6
Net current period other comprehensive income (loss)		7		2		76		3		88
Balance, December 31, 2017	$	(33)	$	15	$	29	$	(3)	$	8

There have been no derivatives outstanding subsequent to March 31, 2016. The amounts of other comprehensive income (loss) before reclassifications associated with the effective portion of derivatives designated as cash flow hedges for the years ended December 31 are as follows (in millions):

	2016		2015
Foreign currency derivatives	$	(11)	$	50
Tax (expense) benefit		4		(20)
Net of tax (expense) benefit	$	(7)	$	30

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

							Statement of
	2017		2016		2015		Operations Classification
Forward-starting interest rate swaps	$	(11)	$	(10)	$	(12)	Interest expense, net
Treasury rate locks		(1)		(1)		(4)	Interest expense, net
Foreign currency derivatives		—		(20)		51	Other, net
		(12)		(31)		35	Total before tax
		5		12		(14)	Tax (expense) benefit
Total reclassifications for the period	$	(7)	$	(19)	$	21	Net of tax