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  "name": "WASTE MANAGEMENT INC",
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    {
      "type": "OVERVIEW",
      "text": "Waste Management, Inc. (WM) is a North American environmental-services company focused on waste management and resource recovery. Its core services include residential, commercial and industrial waste collection, transfer and landfill disposal, recycling, and producing renewable energy from landfill gas. Its principal operations are in the United States and Canada, with healthcare-related services also operating in Western Europe. [P40638572][P54383557]\n\nWM describes its purpose as helping to “build a sustainable future.” [https://www.wm.com/us/en/inside-wm/who-we-are] For the year ended December 31, 2025, the company reported operating revenue of $25.204 billion and approximately 60,500 full-time employees. [T10565413][P86324184]\n[P40638572][P54383557][T10565413][P86324184][https://www.wm.com/us/en/inside-wm/who-we-are]",
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      "text": "WM’s waste services include residential, commercial and industrial collection, transfer and disposal. It operates transfer stations that consolidate and compact waste for onward transport by truck, rail or barge, and landfills that accept waste for disposal. At year-end 2025, WM reported 342 transfer stations, 253 solid-waste landfills and four hazardous-waste landfills. [P54383557][P85275438][P64292591][T431919]\n\nIts recycling services collect and process materials from households and businesses for sale to manufacturers, supported by the Recycle Right® customer education program. WM also captures landfill-gas methane to produce electricity, supply fuel directly to industrial customers, or upgrade into pipeline-quality renewable natural gas (RNG). It reported 103 beneficial-use projects at year-end 2025: 62 electricity-generator projects, 24 direct-use projects and 17 RNG projects. Related revenue sources include renewable fuel and low-carbon fuel credits, electricity and capacity, and renewable energy certificates. [P12586719][P52498890][P41885115][P93194036]\n\nNamed offerings include residential and commercial trash and recycling pickup, bulk pickup, roll-off dumpster rentals, compactors, sustainability services and organics-recycling programs. Bagster® is a self-service waste bag with a listed capacity of 3 cubic yards (606 gallons), a maximum load of 3,300 pounds and dimensions of 8 feet by 4 feet by 2 feet 6 inches. WM’s healthcare offerings include regulated medical-waste services and secure destruction of documents and hard drives. [https://www.wm.com/us/en/home][https://www.wm.com/us/en/business][https://www.wm.com/us/en/dumpster-rental][https://www.wm.com/us/en/healthcare][https://www.wm.com/us/en/healthcare/biohazardous-medical-waste-disposal][https://www.wm.com/us/en/business/shred-it-secure-document-destruction]\n\nFor 2025, reported net operating revenue was $20.704 billion from Collection and Disposal (about 82.1% of total), $1.492 billion from Recycling Processing and Sales (5.9%), $478 million from Renewable Energy (1.9%), and $2.508 billion from Healthcare Solutions (10.0%); Corporate and Other contributed $22 million (0.1%). Percentages are calculated from the reported category revenues and $25.204 billion total. [T2974524]\n[P54383557][P85275438][P64292591][T431919][P12586719][P52498890][P41885115][P93194036][T2974524][https://www.wm.com/us/en/home][https://www.wm.com/us/en/business][https://www.wm.com/us/en/dumpster-rental][https://www.wm.com/us/en/healthcare][https://www.wm.com/us/en/healthcare/biohazardous-medical-waste-disposal][https://www.wm.com/us/en/business/shred-it-secure-document-destruction]",
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      "type": "GEOGRAPHY",
      "text": "Waste Management Inc.’s core solid-waste, recycling and renewable-energy operations are in the United States and Canada; its Healthcare Solutions segment also serves Western Europe. Its 2026 second-quarter reporting continued to describe the company as serving the U.S. and Canada. [P40638572][P144382961]\n\nAt year-end 2025, the company owned or operated 257 landfill sites and managed 342 transfer stations; the transfer-station count excludes locations acquired from Stericycle. Its Canadian service-location directory lists Alberta, British Columbia, Manitoba, Ontario, Quebec and Saskatchewan, while its U.S. directory lists service locations by state. [P71994884][https://www.wm.com/ca/en/location][https://www.wm.com/us/en/location]\n\nThe 2025 Form 10-K reports revenue by operating segment rather than providing a country-level revenue split, and does not identify employee distribution by geography. [P40638572]\n[P40638572][P144382961][P71994884][https://www.wm.com/ca/en/location][https://www.wm.com/us/en/location]",
      "updatedAt": "2026-10-04T09:48:56.646518Z"
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    {
      "type": "SEGMENTS",
      "text": "Waste Management reports five formal segments: Collection and Disposal—East Tier; Collection and Disposal—West Tier; Recycling Processing and Sales; Renewable Energy; and Healthcare Solutions. East and West are geographic collection, transfer and disposal operations. Recycling Processing and Sales processes and sells recovered materials and brokers recycling commodities; Renewable Energy develops and operates landfill-gas projects that produce renewable natural gas, electricity and related credits; and Healthcare Solutions provides specialized and regulated waste services, including medical, pharmaceutical and hazardous waste management, secure information destruction and paper recycling. [P22550368][P54383557][P44082415][P98877975][P30480111][P46382470][P4837251]\n\nBased on FY2025 reported net operating revenues of $25.204 billion, approximate contributions were: East Tier 35.9%; West Tier 34.6%; Recycling Processing and Sales 5.9%; Renewable Energy 1.9%; and Healthcare Solutions 10.0%. [T9065139] The company also presents Other Ancillary revenue—services supporting the Collection and Disposal businesses—as a separate line, equal to approximately 11.7%; together with East and West, the Collection and Disposal subtotal was about 82.1%. Corporate and Other was approximately 0.1% and is not a separate reportable segment. [T9065139][P43696520] These are approximate shares of reported net operating revenue; the filing notes intercompany and intra-segment revenue in its segment disclosures. [T9065139][T8138410]\n[P22550368][P54383557][P44082415][P98877975][P30480111][P46382470][P4837251][T9065139][T9065139][T9065139][T9065139][T9065139][T9065139][T9065139][T9065139][T9065139][P43696520][T8138410]",
      "updatedAt": "2026-10-04T09:48:56.646518Z"
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    {
      "type": "HISTORY",
      "text": "Waste Management traces its roots to Harm Huizenga’s Chicago waste-collection business in 1893. Wayne Huizenga, Dean Buntrock, and Larry Beck launched the company in 1968; by 1982, it had become the world’s largest waste-disposal company. [https://www.wm.com/us/en/inside-wm/our-story]\n\nThe present-day issuer was incorporated as USA Waste Services, Inc. in 1987. In 1998, USA Waste acquired the former Waste Management, Inc. and adopted its name, with the merger closing on July 16. [https://investors.wm.com/resources/investor-faqs/][https://www.sec.gov/Archives/edgar/data/823768/0000947871-98-000218.txt] In 2014, the company sold Wheelabrator Technologies for approximately $1.94 billion. [https://investors.wm.com/news-releases/news-release-details/waste-management-completes-divestiture-wheelabrator-technologies/]\n\nIn 2020, Waste Management completed its $4.6 billion acquisition of Advanced Disposal. [https://investors.wm.com/news-releases/news-release-details/waste-management-completes-46-billion-acquisition-advanced/] In 2024, it completed the approximately $7.2 billion acquisition of Stericycle, adding regulated medical-waste services and secure information destruction. [https://investors.wm.com/news-releases/news-release-details/wm-completes-acquisition-stericycle]\n[https://www.wm.com/us/en/inside-wm/our-story][https://investors.wm.com/resources/investor-faqs/][https://www.sec.gov/Archives/edgar/data/823768/0000947871-98-000218.txt][https://investors.wm.com/news-releases/news-release-details/waste-management-completes-divestiture-wheelabrator-technologies/][https://investors.wm.com/news-releases/news-release-details/waste-management-completes-46-billion-acquisition-advanced/][https://investors.wm.com/news-releases/news-release-details/wm-completes-acquisition-stericycle]",
      "updatedAt": "2026-10-04T09:48:56.646518Z"
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