Waste Management 2013 Annual Report Download - page 232

WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(h) Goodwill is included within each segment’s total assets. For segment reporting purposes, our material
recovery facilities and secondary processing facilities are included as a component of their respective Areas
and our recycling brokerage business and electronics recycling services are included as part of our “Other”
operations. As discussed in Note 19, the goodwill associated with our acquisition of Oakleaf and Greenstar,
has been assigned to our Areas and to a lesser extent “Other”. Our acquisition of RCI has been assigned to
our Eastern Canada Area, which is included in Tier 3. The following table presents changes in goodwill
during 2012 and 2013 by reportable segment (in millions):
Solid Waste
Tier 1 Tier 2 Tier 3 Wheelabrator Other Total
Balance, December 31, 2011 ...... $1,166 $2,806 $1,359 $ 788 $ 96 $6,215
Acquired goodwill .............. 18 22 9 — 20 69
Divested goodwill, net of assets
held-for-sale ................. — — (3) — — (3)
Impairments ...................——— — (4)(4)
Translation and other
adjustments ................. 2 — 9 — 3 14
Balance, December 31, 2012 ...... $1,186 $2,828 $1,374 $ 788 $115 $6,291
Acquired goodwill .............. 41 56 210 — 20 327
Divested goodwill, net of assets
held-for-sale ................. (1) (2) (9) — — (12)
Impairments ................... — — (10) (483) (16) (509)
Translation and other
adjustments ................. (5) — (18) — (4) (27)
Balance, December 31, 2013 ...... $1,221 $2,882 $1,547 $ 305 $115 $6,070
The mix of operating revenues from our major lines of business is reflected in the table below (in millions):
Years Ended December 31,
2013 2012 2011
Commercial ............................................ $ 3,423 $ 3,417 $ 3,499
Residential ............................................. 2,608 2,584 2,609
Industrial ............................................... 2,209 2,129 2,052
Other .................................................. 273 275 246
Total collection ........................................ 8,513 8,405 8,406
Landfill ................................................ 2,790 2,685 2,611
Transfer ............................................... 1,329 1,296 1,280
Wheelabrator ........................................... 845 846 877
Recycling .............................................. 1,447 1,360 1,580
Other(a) ............................................... 1,583 1,416 655
Intercompany(b) ......................................... (2,524) (2,359) (2,031)
Operating revenues ....................................... $13,983 $13,649 $13,378
(a) The “Other” line of business includes Oakleaf, landfill gas-to-energy operations, Port-O-Let®services,
portable self-storage, fluorescent lamp recycling, and oil and gas producing properties.
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