Waste Management 2013 Annual Report Download - page 236

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WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
‰Income from operations was negatively impacted by the recognition of pre-tax impairment charges of $30
million, primarily attributable to (i) $13 million of charges related to two facilities in our medical waste
services business as a result of projected operating losses at each of these facilities; (ii) $6 million of
charges related to investments in waste diversion technology companies; (iii) $5 million for the
impairment of a facility not currently used in our operations and (iv) $4 million of charges to impair
goodwill related to certain of our operations. These impairment charges had an unfavorable impact of
$0.05 on our diluted earnings per share.
‰Income from operations was negatively impacted by pre-tax charges aggregating $10 million related to an
accrual for legal reserves and the impact of a decrease in the risk-free discount rate used to measure our
environmental remediation liabilities. These items had a negative impact of $0.01 on our diluted earnings
per share.
23. Condensed Consolidating Financial Statements
WM Holdings has fully and unconditionally guaranteed all of WM’s senior indebtedness. WM has fully and
unconditionally guaranteed all of WM Holdings’ senior indebtedness. None of WM’s other subsidiaries have
guaranteed any of WM’s or WM Holdings’ debt. As a result of these guarantee arrangements, we are required to
present the following condensed consolidating financial information (in millions):
146