2015 Form 10-K Financial Statement

#000119312516467957 Filed on February 18, 2016

View on sec.gov

Income Statement

Concept 2015 2014 Q4 2014 Q3
Revenue $12.96B $3.437B $3.602B
YoY Change -7.39% -1.8% -0.52%
Cost Of Revenue $8.231B $1.890B $2.299B
YoY Change -8.56% -4.69% -1.12%
Gross Profit $4.730B $1.547B $1.303B
YoY Change -5.29% 1.98% 0.54%
Gross Profit Margin 36.49% 45.01% 36.17%
Selling, General & Admin $1.343B $656.0M $377.0M
YoY Change -9.32% -0.61% 8.02%
% of Gross Profit 28.39% 42.4% 28.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.245B $307.0M $329.0M
YoY Change -3.64% -6.12% -4.36%
% of Gross Profit 26.32% 19.84% 25.25%
Operating Expenses $1.343B $963.0M $377.0M
YoY Change -9.32% -2.43% 8.02%
Operating Profit $2.045B $752.0M $546.0M
YoY Change -11.05% -283.41% -5.37%
Interest Expense -$385.0M -$131.0M -$114.0M
YoY Change -17.38% 0.0% -4.2%
% of Operating Profit -18.83% -17.42% -20.88%
Other Income/Expense, Net -$7.000M -$22.00M -$2.000M
YoY Change -75.86% -64.52% -33.33%
Pretax Income $1.060B $599.0M $414.0M
YoY Change -39.46% -199.34% -8.41%
Income Tax $308.0M $1.000M $133.0M
% Of Pretax Income 29.06% 0.17% 32.13%
Net Earnings $753.0M $598.0M $281.0M
YoY Change -41.99% -198.84% -3.44%
Net Earnings / Revenue 5.81% 17.4% 7.8%
Basic Earnings Per Share $1.66 $1.29 $0.59
Diluted Earnings Per Share $1.65 $1.28 $0.58
COMMON SHARES
Basic Shares Outstanding 452.7M shares 457.9M shares 460.8M shares
Diluted Shares Outstanding 455.9M shares 463.6M shares

Balance Sheet

Concept 2015 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.00M $1.307B $183.0M
YoY Change -97.02% 456.17% 16.56%
Cash & Equivalents $39.00M $1.307B $183.0M
Short-Term Investments $0.00
Other Short-Term Assets $120.0M $176.0M $123.0M
YoY Change -31.82% 7.98% -10.87%
Inventory $92.00M $106.0M $106.0M
Prepaid Expenses
Receivables $1.549B $1.587B $1.643B
Other Receivables $545.0M $350.0M $70.00M
Total Short-Term Assets $2.345B $3.526B $4.116B
YoY Change -33.49% 41.1% 70.29%
LONG-TERM ASSETS
Property, Plant & Equipment $10.67B $10.66B $10.85B
YoY Change 0.08% -13.67% -14.04%
Goodwill $5.740B $5.766B
YoY Change -5.44% -12.54%
Intangibles $440.0M $464.0M
YoY Change -16.82% -18.45%
Long-Term Investments $360.0M $228.0M $443.0M
YoY Change -11.76% -47.83% -32.47%
Other Assets $536.0M $526.0M $573.0M
YoY Change 1.9% -29.59% -24.31%
Total Long-Term Assets $18.02B $17.73B $18.10B
YoY Change 1.41% -11.33% -14.63%
TOTAL ASSETS
Total Short-Term Assets $2.345B $3.526B $4.116B
Total Long-Term Assets $18.02B $17.73B $18.10B
Total Assets $20.37B $21.25B $22.21B
YoY Change -4.37% -5.5% -5.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $721.0M $740.0M $712.0M
YoY Change -2.57% -0.54% -6.68%
Accrued Expenses $1.064B $1.180B $1.100B
YoY Change -9.83% 10.38% 3.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $253.0M $1.090B $1.141B
YoY Change -76.79% 50.14% 100.88%
Total Short-Term Liabilities $2.510B $3.485B $3.789B
YoY Change -27.98% 15.63% 32.39%
LONG-TERM LIABILITIES
Long-Term Debt $8.676B $8.345B $9.023B
YoY Change 3.97% -12.16% -4.93%
Other Long-Term Liabilities $2.423B $709.0M $679.0M
YoY Change 8.17% -2.48% -8.74%
Total Long-Term Liabilities $11.10B $709.0M $679.0M
YoY Change 4.86% -2.48% -8.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.510B $3.485B $3.789B
Total Long-Term Liabilities $11.10B $709.0M $679.0M
Total Liabilities $15.02B $15.41B $16.55B
YoY Change -2.65% -7.19% -0.3%
SHAREHOLDERS EQUITY
Retained Earnings $6.888B $6.473B
YoY Change 9.52% -8.39%
Common Stock $4.591B $4.472B
YoY Change -0.24% -2.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.636B $5.658B
YoY Change 5.58% 10.62%
Treasury Stock Shares 171.7M shares 172.4M shares
Shareholders Equity $5.345B $5.866B $5.364B
YoY Change
Total Liabilities & Shareholders Equity $20.37B $21.30B $22.21B
YoY Change -4.37% -5.78% -5.94%

Cashflow Statement

Concept 2015 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $753.0M $598.0M $281.0M
YoY Change -41.99% -198.84% -3.44%
Depreciation, Depletion And Amortization $1.245B $307.0M $329.0M
YoY Change -3.64% -6.12% -4.36%
Cash From Operating Activities $2.528B $520.0M $672.0M
YoY Change 8.45% -12.9% -8.7%
INVESTING ACTIVITIES
Capital Expenditures $1.229B -$370.0M -$307.0M
YoY Change 4.06% -17.23% -4.95%
Acquisitions $554.0M
YoY Change 1482.86%
Other Investing Activities -$3.000M $1.941B $25.00M
YoY Change -105.17% -9342.86% -106.01%
Cash From Investing Activities -$1.608B $1.571B -$282.0M
YoY Change -261.61% -435.68% -61.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $600.0M
YoY Change 0.0%
Debt Paid & Issued, Net $427.0M
YoY Change
Cash From Financing Activities -2.185B -965.0M -341.0M
YoY Change 5.45% 323.25% -5783.33%
NET CHANGE
Cash From Operating Activities 2.528B 520.0M 672.0M
Cash From Investing Activities -1.608B 1.571B -282.0M
Cash From Financing Activities -2.185B -965.0M -341.0M
Net Change In Cash -1.265B 1.126B 49.00M
YoY Change -200.88% -1237.37% 1533.33%
FREE CASH FLOW
Cash From Operating Activities $2.528B $520.0M $672.0M
Capital Expenditures $1.229B -$370.0M -$307.0M
Free Cash Flow $1.299B $890.0M $979.0M
YoY Change 12.96% -14.75% -7.55%

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<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>1. Business</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" align="justify">The financial statements presented in this report represent the consolidation of Waste Management, Inc., a Delaware corporation; Waste Management&#x2019;s wholly-owned and majority-owned subsidiaries; and certain variable interest entities for which Waste Management or its subsidiaries are the primary beneficiaries as described in Note 20. Waste Management is a holding company and all operations are conducted by its subsidiaries. When the terms &#x201C;the Company,&#x201D; &#x201C;we,&#x201D; &#x201C;us&#x201D; or &#x201C;our&#x201D; are used in this document, those terms refer to Waste Management, Inc., its consolidated subsidiaries and consolidated variable interest entities. When we use the term &#x201C;WM,&#x201D; we are referring only to Waste Management, Inc., the parent holding company.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" align="justify">We are North America&#x2019;s leading provider of comprehensive waste management environmental services. We partner with our residential, commercial, industrial and municipal customers and the communities we serve to manage and reduce waste at each stage from collection to disposal, while recovering valuable resources and creating clean, renewable energy. Our &#x201C;Solid Waste&#x201D; business is operated and managed locally by our subsidiaries that focus on distinct geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. Through our subsidiaries, we are also a leading developer, operator and owner of landfill gas-to-energy facilities in the United States.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" align="justify">We evaluate, oversee and manage the financial performance of our Solid Waste business subsidiaries through our 17 geographic Areas. We also provide additional services that are not managed through our Solid Waste business, which are presented in this report as &#x201C;Other.&#x201D; Additional information related to our segments can be found in Note 21.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" align="justify">In December 2014, we sold our Wheelabrator business, which provides waste-to-energy services and manages waste-to-energy facilities and independent power production plants. Refer to Note 19 for additional information related to our divestitures.</p> </div>
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<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>24. New Accounting Standard Pending Adoption (Unaudited)</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In May 2014, the FASB amended authoritative guidance associated with revenue recognition. The amended guidance requires companies to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, the amendments will require enhanced qualitative and quantitative disclosures regarding customer contracts. The amended authoritative guidance associated with revenue recognition is effective for the Company on January&#xA0;1, 2018. The amended guidance may be applied retrospectively for all periods presented or retrospectively with the cumulative effect of initially applying the amended guidance recognized at the date of initial application. We are in the process of assessing the provisions of the amended guidance and have not determined whether the adoption will have a material impact on our consolidated financial statements.</p> </div>
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A multiemployer defined benefit pension plan that has been certified as endangered, seriously endangered or critical may begin to levy a statutory surcharge on contribution rates. Once authorized, the surcharge is at the rate of 5% for the first 12 months and 10% for any periods thereafter. Contributing employers, however, may eliminate the surcharge by entering into a collective bargaining agreement that meets the requirements of the applicable FIP or RP.
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000000 shares
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0000823768
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0013 pure
CY2015 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500 pure
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 20px; WIDOWS: 1; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b><i>Concentrations of Credit Risk</i></b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents, investments held within our trust funds and escrow accounts, accounts receivable and derivative instruments. We make efforts to control our exposure to credit risk associated with these instruments by (i)&#xA0;placing our assets and other financial interests with a diverse group of credit-worthy financial institutions; (ii)&#xA0;holding high-quality financial instruments while limiting investments in any one instrument and (iii)&#xA0;maintaining strict policies over credit extension that include credit evaluations, credit limits and monitoring procedures, although generally we do not have collateral requirements for credit extensions. We also control our exposure associated with trade receivables by discontinuing service, to the extent allowable, to non-paying customers. However, our overall credit risk associated with trade receivables is limited due to the large number of diverse customers we serve. At December&#xA0;31, 2015 and 2014, no single customer represented greater than 5% of total accounts receivable.</p> </div>
CY2015 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.045 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.0004 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.0267 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.167 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0320 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.028 pure
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3200000 shares
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.54
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
-0.0034 pure
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 dei Entity Registrant Name
EntityRegistrantName
WASTE MANAGEMENT INC
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
455900000 shares
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2%; MARGIN-TOP: 18pt"> <b><i>Estimates and Assumptions</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%" align="justify">In preparing our financial statements, we make numerous estimates and assumptions that affect the accounting for and recognition and disclosure of assets, liabilities, equity, revenues and expenses. We must make these estimates and assumptions because certain information that we use is dependent on future events, cannot be calculated with precision from available data or simply cannot be calculated. In some cases, these estimates are difficult to determine, and we must exercise significant judgment. In preparing our financial statements, the most difficult, subjective and complex estimates and the assumptions that present the greatest amount of uncertainty relate to our accounting for landfills, environmental remediation liabilities, asset impairments, deferred income taxes and reserves associated with our insured and self-insured claims. Each of these items is discussed in additional detail below. Actual results could differ materially from the estimates and assumptions that we use in the preparation of our financial statements.</p> </div>
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.0023 pure
CY2015 us-gaap Accelerated Share Repurchases Initial Price Paid Per Share
AcceleratedShareRepurchasesInitialPricePaidPerShare
49.83
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2%; MARGIN-TOP: 18pt"> <b><i>Reclassifications</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%" align="justify">When necessary, reclassifications have been made to our prior period consolidated financial information in order to conform to the current year presentation.</p> </div>
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
452700000 shares
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-12-31
CY2015 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.25 pure
CY2015 dei Trading Symbol
TradingSymbol
WM
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-150000000
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
753000000
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2911 pure
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1229000000
CY2015 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
178000000
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
15000000
CY2015 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
2764000000
CY2015 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
7000000
CY2015 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
661000000
CY2015 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-385000000
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
600000000
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
554000000
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
9000000
CY2015 us-gaap Sales Revenue Services Net
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11887000000
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
2045000000
CY2015 us-gaap Revenues
Revenues
12961000000
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-134000000
CY2015 us-gaap Profit Loss
ProfitLoss
752000000
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
695000000
CY2015 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
20000000
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
419000000
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-7000000
CY2015 us-gaap Payments For Previous Acquisition
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4000000
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
30000000
CY2015 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
555000000
CY2015 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
554000000
CY2015 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-2000000
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
50000000
CY2015 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-16000000
CY2015 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
7000000
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
18000000
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
427000000
CY2015 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
15000000
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-51000000
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-555000000
CY2015 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1233000000
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
603000000
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-159000000
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
21000000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1060000000
CY2015 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1074000000
CY2015 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3000000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
922000000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
138000000
CY2015 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
7000000
CY2015 us-gaap Interest Paid Net
InterestPaidNet
384000000
CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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602000000
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
18000000
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
77000000
CY2015 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-74000000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
50000000
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-112000000
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-38000000
CY2015 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-42000000
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
308000000
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
72000000
CY2015 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
8231000000
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
43000000
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-17000000
CY2015 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
79000000
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3000000
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
36000000
CY2015 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
89000000
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
140000000
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
600000000
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1268000000
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4000000
CY2015 us-gaap Restructuring Charges
RestructuringCharges
15000000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1608000000
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2000000
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
2337000000
CY2015 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-2000000
CY2015 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
16000000
CY2015 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-10000000
CY2015 us-gaap Costs And Expenses
CostsAndExpenses
10916000000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1000000
CY2015 us-gaap Cost Of Services
CostOfServices
7281000000
CY2015 us-gaap Interest Costs Capitalized
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16000000
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
30000000
CY2015 us-gaap Defined Contribution Plan Cost Recognized
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61000000
CY2015 us-gaap Severance Costs1
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10000000
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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20000000
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-18000000
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2015 us-gaap Current Income Tax Expense Benefit
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278000000
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
15000000
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1343000000
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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1000000
CY2015 us-gaap Cost Of Goods Sold
CostOfGoodsSold
950000000
CY2015 us-gaap Dividends Common Stock Cash
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695000000
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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2000000
CY2015 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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1746000000
CY2015 us-gaap Asset Impairment Charges
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89000000
CY2015 us-gaap Interest Costs Incurred
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407000000
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31000000
CY2015 us-gaap Stockholders Equity Other
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CY2015 us-gaap Multiemployer Plan Period Contributions
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43000000
CY2015 us-gaap Depreciation Depletion And Amortization
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1245000000
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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8000000
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2015 us-gaap Provision For Doubtful Accounts
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36000000
CY2015 us-gaap Goodwill Acquired During Period
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325000000
CY2015 us-gaap Proceeds From Payments To Minority Shareholders
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CY2015 wm Increase Decrease To Operating Expenses Due To Change In Discount Rate Used To Estimate Present Value Of Environmental Remediation Obligations
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CY2015 wm Interest And Other Income Expense
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CY2015 wm Income Expense From Divestitures Asset Impairments Excluding Goodwill And Unusual Items Non Cash Portion
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87000000
CY2015 wm Potentially Issuable Shares
PotentiallyIssuableShares
10200000 shares
CY2015 wm Period For Which Surcharge Is Five Percent On Contribution Rates For Plans Certified As Endangered Seriously Endangered Or Critical
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P12M
CY2015 wm Employers Match In Cash Of Employee Contributions On First Specified Percentage Of Eligible Compensation
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1.00 pure
CY2015 wm High End Of Funded Percentage Of Multiemployer Plans In Endangered Status
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0.80 pure
CY2015 wm Inflation Rate
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0.025 pure
CY2015 wm High End Of Funded Percentage Of Multiemployer Plans In Critical Status
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0.65 pure
CY2015 wm Proceeds From Divestiture Of Businesses Net Of Cash Divested And Proceeds From Sales Of Assets Investing Activities
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145000000
CY2015 wm Employees Minimum Employment Period For Employer Contribution Eligibility
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P90D
CY2015 wm Next Percentage Of Eligible Compensation On Which Specified Percentage Of Contribution Is Matched By Employer In Cash
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0.03 pure
CY2015 wm Contributions To Other Multiemployer Plans
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7000000
CY2015 wm Surcharge Percentage During First Twelve Months On Contribution Rates For Plans Certified As Endangered Seriously Endangered Or Critical
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0.05 pure
CY2015 wm Auto Liability Self Insurance Exposures Additional Deductible Per Incident
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4800000
CY2015 wm Self Insurance Expense Benefit
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163000000
CY2015 wm Equity Based Compensation Transactions Including Dividend Equivalents Net Of Taxes
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171000000
CY2015 wm Decrease In Valuation Allowance
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27000000
CY2015 wm First Percentage Of Eligible Compensation On Which Specified Percentage Of Contribution Is Matched By Employer In Cash
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0.03 pure
CY2015 wm Contingent Consideration Paid For Acquisitions Closed In Current Year
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8000000
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CY2015 wm Employers Match In Cash Of Employee Contributions On Next Specified Percentage Of Eligible Compensation
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0.50 pure
CY2015 wm Cash Paid Received
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152000000
CY2015 wm Finite Lived Other Intangible Assets Amortization Expenses
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76000000
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14000000
CY2015 wm Per Incident Base Deductible Under Auto Liability Insurance Program
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5000000
CY2015 wm Income Expense From Divestitures Asset Impairments And Unusual Items
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82000000
CY2015 wm Surcharge Percentage After First Twelve Months On Contribution Rates For Plans Certified As Endangered Seriously Endangered Or Critical
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0.10 pure
CY2015 wm Net Receipts From Restricted Trust And Escrow Account And Other Net
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CY2015 wm Accretion Expense And Discount Rate Adjustments To Environmental Remediation Liabilities And Recovery Assets
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1000000
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CY2015 wm Multiemployer Plan Period Contributions Excluding Amounts To Individually Significant Pension Plans
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36000000
CY2015 wm Minimum Percentage Of Contributions Provided By Company Relating To Multi Employer Plans
MinimumPercentageOfContributionsProvidedByCompanyRelatingToMultiEmployerPlans
0.05 pure
CY2015 wm Percentage Of Qualifying Capital Expenditures Depreciated Immediately On Property Placed In Service
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0.50 pure
CY2015 wm Finite Lived Intangible Assets Amortization Method Percentage Declining Balance
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150% declining balance approach or a straight-line basis
CY2015 wm Expected Time Period In Terms For Cash Settlement Of Substantially All Recorded Obligations Associated With Insurance Liabilities
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P5Y
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17000000
CY2014Q1 us-gaap Earnings Per Share Diluted
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0.49
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0.49
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228000000
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237000000
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CY2015Q1 us-gaap Revenues
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3040000000
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440000000
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16000000
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0.60
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0.60
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2014Q2 us-gaap Unusual Or Infrequent Item Earnings Per Share Impact Net
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CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2014Q2 us-gaap Revenues
Revenues
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CY2015Q2 us-gaap Unusual Or Infrequent Item Earnings Per Share Impact Net
UnusualOrInfrequentItemEarningsPerShareImpactNet
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CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2015Q2 us-gaap Revenues
Revenues
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CY2015Q2 us-gaap Profit Loss
ProfitLoss
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CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
502000000
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2014Q3 us-gaap Unusual Or Infrequent Item Earnings Per Share Impact Net
UnusualOrInfrequentItemEarningsPerShareImpactNet
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CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2014Q3 us-gaap Revenues
Revenues
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CY2014Q3 us-gaap Profit Loss
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CY2014Q3 us-gaap Restructuring Charges
RestructuringCharges
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CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2015Q3 us-gaap Revenues
Revenues
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CY2015Q3 us-gaap Profit Loss
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CY2015Q3 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2014Q4 us-gaap Unusual Or Infrequent Item Earnings Per Share Impact Net
UnusualOrInfrequentItemEarningsPerShareImpactNet
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CY2014Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2014Q4 us-gaap Revenues
Revenues
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CY2014Q4 us-gaap Profit Loss
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CY2014Q4 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Unusual Or Infrequent Item Net Gain Loss
UnusualOrInfrequentItemNetGainLoss
364000000
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2015Q4 us-gaap Unusual Or Infrequent Item Earnings Per Share Impact Net
UnusualOrInfrequentItemEarningsPerShareImpactNet
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CY2015Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
273000000
CY2015Q4 us-gaap Revenues
Revenues
3246000000
CY2015Q4 us-gaap Profit Loss
ProfitLoss
273000000
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
502000000
CY2015Q4 us-gaap Restructuring Charges
RestructuringCharges
8000000

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