| 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 September 30: | | | | | | | | | | | | | 2024 | | | | | | | | | | | | | Collection and Disposal: | | | | | | | | | | | | | East Tier | | $ | 2,835 | | $ | (593) | | $ | 2,242 | | $ | 718 | West Tier | | | 2,687 | | | (549) | | | 2,138 | | | 708 | Other Ancillary | | | 750 | | | (46) | | | 704 | | | — | Collection and Disposal(c)(d) | | | 6,272 | | | (1,188) | | | 5,084 | | | 1,426 | Recycling Processing and Sales(c) | | | 503 | | | (71) | | | 432 | | | 21 | WM Renewable Energy(d) | | | 88 | | | (1) | | | 87 | | | 28 | Corporate and Other | | | 12 | | | (6) | | | 6 | | | (356) | Total | | $ | 6,875 | | $ | (1,266) | | $ | 5,609 | | $ | 1,119 | | | | | | | | | | | | | | 2023 | | | | | | | | | | | | | Collection and Disposal: | | | | | | | | | | | | | East Tier | | $ | 2,700 | | $ | (556) | | $ | 2,144 | | $ | 648 | West Tier | | | 2,546 | | | (522) | | | 2,024 | | | 613 | Other Ancillary | | | 701 | | | (48) | | | 653 | | | (2) | Collection and Disposal(c)(d) | | | 5,947 | | | (1,126) | | | 4,821 | | | 1,259 | Recycling Processing and Sales(c) | | | 386 | | | (81) | | | 305 | | | 18 | WM Renewable Energy(d) | | | 68 | | | (1) | | | 67 | | | 17 | Corporate and Other | | | 12 | | | (7) | | | 5 | | | (273) | Total | | $ | 6,413 | | $ | (1,215) | | $ | 5,198 | | $ | 1,021 |
| | | | | | | | | | | | | | | Gross | | Intercompany | | Net | | Income | | | Operating | | Operating | | Operating | | from | | | Revenues | | Revenues(a) | | Revenues | | Operations(b) | Nine Months Ended September 30: | | | | | | | | | | | | | 2024 | | | | | | | | | | | | | Collection and Disposal: | | | | | | | | | | | | | East Tier | | $ | 8,202 | | $ | (1,701) | | $ | 6,501 | | $ | 2,064 | West Tier | | | 7,800 | | | (1,593) | | | 6,207 | | | 2,009 | Other Ancillary | | | 2,149 | | | (135) | | | 2,014 | | | (9) | Collection and Disposal(c)(d) | | | 18,151 | | | (3,429) | | | 14,722 | | | 4,064 | Recycling Processing and Sales(c) | | | 1,414 | | | (209) | | | 1,205 | | | 69 | WM Renewable Energy(d) | | | 228 | | | (3) | | | 225 | | | 67 | Corporate and Other | | | 36 | | | (18) | | | 18 | | | (1,056) | Total | | $ | 19,829 | | $ | (3,659) | | $ | 16,170 | | $ | 3,144 | | | | | | | | | | | | | | 2023 | | | | | | | | | | | | | Collection and Disposal: | | | | | | | | | | | | | East Tier | | $ | 7,934 | | $ | (1,622) | | $ | 6,312 | | $ | 1,778 | West Tier | | | 7,450 | | | (1,541) | | | 5,909 | | | 1,720 | Other Ancillary | | | 1,998 | | | (141) | | | 1,857 | | | (2) | Collection and Disposal(c)(d) | | | 17,382 | | | (3,304) | | | 14,078 | | | 3,496 | Recycling Processing and Sales(c) | | | 1,154 | | | (239) | | | 915 | | | 55 | WM Renewable Energy(d) | | | 201 | | | (3) | | | 198 | | | 51 | Corporate and Other | | | 38 | | | (20) | | | 18 | | | (812) | Total | | $ | 18,775 | | $ | (3,566) | | $ | 15,209 | | $ | 2,790 |
| (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. |
| (c) | Certain fees related to the processing of recycled material we collect are included within our Collection and Disposal businesses. The amounts in income from operations for the three and nine months ended September 30, 2024, are $29 million and $77 million, respectively. The amounts in income from operations for three and nine months ended September 30, 2023, are $16 million and $41 million, respectively. |
| (d) | WM Renewable Energy pays a 15% intercompany royalty to our Collection and Disposal businesses for landfill gas. The total amount of royalties in income from operations for the three and nine months ended September 30, 2024, are $13 million and $34 million, respectively. The total amount of royalties in income from operations for the three and nine months ended September 30, 2023, are $10 million and $30 million, respectively. |
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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 September 30: | | | | | | | | | | 2024 | | | | | | | | | | Commercial | | $ | 1,564 | | $ | (205) | | $ | 1,359 | Industrial | | | 1,003 | | | (206) | | | 797 | Residential | | | 897 | | | (22) | | | 875 | Other collection | | | 822 | | | (57) | | | 765 | Total collection | | | 4,286 | | | (490) | | | 3,796 | Landfill | | | 1,345 | | | (422) | | | 923 | Transfer | | | 641 | | | (276) | | | 365 | Total Collection and Disposal | | | 6,272 | | | (1,188) | | | 5,084 | Recycling Processing and Sales | | | 503 | | | (71) | | | 432 | WM Renewable Energy | | | 88 | | | (1) | | | 87 | Corporate and Other | | | 12 | | | (6) | | | 6 | Total | | $ | 6,875 | | $ | (1,266) | | $ | 5,609 | | | | | | | | | | | 2023 | | | | | | | | | | Commercial | | $ | 1,464 | | $ | (179) | | $ | 1,285 | Industrial | | | 982 | | | (194) | | | 788 | Residential | | | 875 | | | (23) | | | 852 | Other collection | | | 773 | | | (55) | | | 718 | Total collection | | | 4,094 | | | (451) | | | 3,643 | Landfill | | | 1,259 | | | (412) | | | 847 | Transfer | | | 594 | | | (263) | | | 331 | Total Collection and Disposal | | | 5,947 | | | (1,126) | | | 4,821 | Recycling Processing and Sales | | | 386 | | | (81) | | | 305 | WM Renewable Energy | | | 68 | | | (1) | | | 67 | Corporate and Other | | | 12 | | | (7) | | | 5 | Total | | $ | 6,413 | | $ | (1,215) | | $ | 5,198 |
| | | | | | | | | | | | Gross | | Intercompany | | Net | | | Operating | | Operating | | Operating | | | Revenues | | Revenues (a) | | Revenues | Nine Months Ended September 30: | | | | | | | | | | 2024 | | | | | | | | | | Commercial | | $ | 4,591 | | $ | (586) | | $ | 4,005 | Industrial | | | 2,915 | | | (592) | | | 2,323 | Residential | | | 2,659 | | | (67) | | | 2,592 | Other collection | | | 2,354 | | | (162) | | | 2,192 | Total collection | | | 12,519 | | | (1,407) | | | 11,112 | Landfill | | | 3,813 | | | (1,225) | | | 2,588 | Transfer | | | 1,819 | | | (797) | | | 1,022 | Total Collection and Disposal | | | 18,151 | | | (3,429) | | | 14,722 | Recycling Processing and Sales | | | 1,414 | | | (209) | | | 1,205 | WM Renewable Energy | | | 228 | | | (3) | | | 225 | Corporate and Other | | | 36 | | | (18) | | | 18 | Total | | $ | 19,829 | | $ | (3,659) | | $ | 16,170 | | | | | | | | | | | 2023 | | | | | | | | | | Commercial | | $ | 4,300 | | $ | (508) | | $ | 3,792 | Industrial | | | 2,889 | | | (563) | | | 2,326 | Residential | | | 2,595 | | | (73) | | | 2,522 | Other collection | | | 2,207 | | | (161) | | | 2,046 | Total collection | | | 11,991 | | | (1,305) | | | 10,686 | Landfill | | | 3,672 | | | (1,220) | | | 2,452 | Transfer | | | 1,719 | | | (779) | | | 940 | Total Collection and Disposal | | | 17,382 | | | (3,304) | | | 14,078 | Recycling Processing and Sales | | | 1,154 | | | (239) | | | 915 | WM Renewable Energy | | | 201 | | | (3) | | | 198 | Corporate and Other | | | 38 | | | (20) | | | 18 | Total | | $ | 18,775 | | $ | (3,566) | | $ | 15,209 |
| (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. |
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