Waste Management 2011 Annual Report Download - page 222

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WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Continued)
24. New Accounting Pronouncements
Fair Value Measurements — In May 2011, the FASB amended authoritative guidance associated with fair
value measurements. This amended guidance defines certain requirements for measuring fair value and for
disclosing information about fair value measurements in accordance with U.S. generally accepted accounting
principles. The amendments to authoritative guidance associated with fair value measurements were effective for
the Company on January 1, 2012 and are to be applied prospectively. We do not expect that the adoption of this
guidance will have a material impact on our consolidated financial statements.
143