| Reportable Segments |
Summarized financial information concerning our reportable segments is shown in the following table (in millions): | | | | | | | | | | | | | | | Gross | | Intercompany | | Net | | Income | | | Operating | | Operating | | Operating | | from | | | Revenues | | Revenues(a) | | Revenues | | Operations(b) | Three Months Ended June 30: | | | | | | | | | | | | | 2024 | | | | | | | | | | | | | Collection and Disposal: | | | | | | | | | | | | | East Tier | | $ | 2,751 | | $ | (573) | | $ | 2,178 | | $ | 692 | West Tier | | | 2,616 | | | (540) | | | 2,076 | | | 674 | Other Ancillary | | | 713 | | | (45) | | | 668 | | | (7) | Collection and Disposal | | | 6,080 | | | (1,158) | | | 4,922 | | | 1,359 | Recycling Processing and Sales | | | 475 | | | (70) | | | 405 | | | 29 | WM Renewable Energy | | | 70 | | | (1) | | | 69 | | | 18 | Corporate and Other | | | 12 | | | (6) | | | 6 | | | (397) | Total | | $ | 6,637 | | $ | (1,235) | | $ | 5,402 | | $ | 1,009 | | | | | | | | | | | | | | 2023 | | | | | | | | | | | | | Collection and Disposal: | | | | | | | | | | | | | East Tier | | $ | 2,673 | | $ | (550) | | $ | 2,123 | | $ | 599 | West Tier | | | 2,512 | | | (524) | | | 1,988 | | | 576 | Other Ancillary | | | 672 | | | (49) | | | 623 | | | (2) | Collection and Disposal | | | 5,857 | | | (1,123) | | | 4,734 | | | 1,173 | Recycling Processing and Sales | | | 394 | | | (78) | | | 316 | | | 24 | WM Renewable Energy | | | 63 | | | (1) | | | 62 | | | 14 | Corporate and Other | | | 14 | | | (7) | | | 7 | | | (267) | Total | | $ | 6,328 | | $ | (1,209) | | $ | 5,119 | | $ | 944 |
| | | | | | | | | | | | | | | Gross | | Intercompany | | Net | | Income | | | Operating | | Operating | | Operating | | from | | | Revenues | | Revenues(a) | | Revenues | | Operations(b) | Six Months Ended June 30: | | | | | | | | | | | | | 2024 | | | | | | | | | | | | | Collection and Disposal: | | | | | | | | | | | | | East Tier | | $ | 5,367 | | $ | (1,108) | | $ | 4,259 | | $ | 1,346 | West Tier | | | 5,113 | | | (1,044) | | | 4,069 | | | 1,301 | Other Ancillary | | | 1,399 | | | (89) | | | 1,310 | | | (9) | Collection and Disposal | | | 11,879 | | | (2,241) | | | 9,638 | | | 2,638 | Recycling Processing and Sales | | | 911 | | | (138) | | | 773 | | | 48 | WM Renewable Energy | | | 140 | | | (2) | | | 138 | | | 39 | Corporate and Other | | | 24 | | | (12) | | | 12 | | | (700) | Total | | $ | 12,954 | | $ | (2,393) | | $ | 10,561 | | $ | 2,025 | | | | | | | | | | | | | | 2023 | | | | | | | | | | | | | Collection and Disposal: | | | | | | | | | | | | | East Tier | | $ | 5,234 | | $ | (1,066) | | $ | 4,168 | | $ | 1,130 | West Tier | | | 4,904 | | | (1,019) | | | 3,885 | | | 1,107 | Other Ancillary | | | 1,297 | | | (93) | | | 1,204 | | | — | Collection and Disposal | | | 11,435 | | | (2,178) | | | 9,257 | | | 2,237 | Recycling Processing and Sales | | | 768 | | | (158) | | | 610 | | | 37 | WM Renewable Energy | | | 133 | | | (2) | | | 131 | | | 34 | Corporate and Other | | | 26 | | | (13) | | | 13 | | | (539) | Total | | $ | 12,362 | | $ | (2,351) | | $ | 10,011 | | $ | 1,769 |
| (a) | Intercompany operating revenues reflect each segment’s total intercompany sales, including intercompany sales within a segment and between segments. Transactions within and between segments are generally made on a basis intended to reflect the market value of the service. |
| (b) | For those items included in the determination of income from operations, the accounting policies of the segments are the same as those described in Note 1. |
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| Summary of operating revenues mix |
The mix of operating revenues from our major lines of business are as follows (in millions): | | | | | | | | | | | | Gross | | Intercompany | | Net | | | Operating | | Operating | | Operating | | | Revenues | | Revenues (a) | | Revenues | Three Months Ended June 30: | | | | | | | | | | 2024 | | | | | | | | | | Commercial | | $ | 1,526 | | $ | (196) | | $ | 1,330 | Industrial | | | 978 | | | (199) | | | 779 | Residential | | | 886 | | | (23) | | | 863 | Other collection | | | 781 | | | (52) | | | 729 | Total collection | | | 4,171 | | | (470) | | | 3,701 | Landfill | | | 1,291 | | | (418) | | | 873 | Transfer | | | 618 | | | (270) | | | 348 | Total Collection and Disposal | | | 6,080 | | | (1,158) | | | 4,922 | Recycling Processing and Sales | | | 475 | | | (70) | | | 405 | WM Renewable Energy | | | 70 | | | (1) | | | 69 | Corporate and Other | | | 12 | | | (6) | | | 6 | Total | | $ | 6,637 | | $ | (1,235) | | $ | 5,402 | | | | | | | | | | | 2023 | | | | | | | | | | Commercial | | $ | 1,424 | | $ | (168) | | $ | 1,256 | Industrial | | | 974 | | | (192) | | | 782 | Residential | | | 866 | | | (25) | | | 841 | Other collection | | | 745 | | | (56) | | | 689 | Total collection | | | 4,009 | | | (441) | | | 3,568 | Landfill | | | 1,263 | | | (417) | | | 846 | Transfer | | | 585 | | | (265) | | | 320 | Total Collection and Disposal | | | 5,857 | | | (1,123) | | | 4,734 | Recycling Processing and Sales | | | 394 | | | (78) | | | 316 | WM Renewable Energy | | | 63 | | | (1) | | | 62 | Corporate and Other | | | 14 | | | (7) | | | 7 | Total | | $ | 6,328 | | $ | (1,209) | | $ | 5,119 |
| | | | | | | | | | | | Gross | | Intercompany | | Net | | | Operating | | Operating | | Operating | | | Revenues | | Revenues | | Revenues | Six Months Ended June 30: | | | | | | | | | | 2024 | | | | | | | | | | Commercial | | $ | 3,027 | | $ | (381) | | $ | 2,646 | Industrial | | | 1,912 | | | (386) | | | 1,526 | Residential | | | 1,762 | | | (45) | | | 1,717 | Other collection | | | 1,532 | | | (105) | | | 1,427 | Total collection | | | 8,233 | | | (917) | | | 7,316 | Landfill | | | 2,468 | | | (803) | | | 1,665 | Transfer | | | 1,178 | | | (521) | | | 657 | Total Collection and Disposal | | | 11,879 | | | (2,241) | | | 9,638 | Recycling Processing and Sales | | | 911 | | | (138) | | | 773 | WM Renewable Energy | | | 140 | | | (2) | | | 138 | Corporate and Other | | | 24 | | | (12) | | | 12 | Total | | $ | 12,954 | | $ | (2,393) | | $ | 10,561 | | | | | | | | | | | 2023 | | | | | | | | | | Commercial | | $ | 2,836 | | $ | (329) | | $ | 2,507 | Industrial | | | 1,907 | | | (369) | | | 1,538 | Residential | | | 1,720 | | | (50) | | | 1,670 | Other collection | | | 1,434 | | | (106) | | | 1,328 | Total collection | | | 7,897 | | | (854) | | | 7,043 | Landfill | | | 2,413 | | | (808) | | | 1,605 | Transfer | | | 1,125 | | | (516) | | | 609 | Total Collection and Disposal | | | 11,435 | | | (2,178) | | | 9,257 | Recycling Processing and Sales | | | 768 | | | (158) | | | 610 | WM Renewable Energy | | | 133 | | | (2) | | | 131 | Corporate and Other | | | 26 | | | (13) | | | 13 | Total | | $ | 12,362 | | $ | (2,351) | | $ | 10,011 |
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