WM · 10-Q · 2026Q2 · Full report
Debt and Liquidity Position
WASTE MANAGEMENT INC · 2026-07-29 · Importance 50 · Surprise 24 · No source text
As of June 30, 2026, Waste Management had approximately $3.8 billion of debt maturing within the next 12 months, including $2.0 billion of tax-exempt bonds, $1.1 billion of commercial paper, $223 million of 7.10% senior notes, $352 million of Canadian senior notes, and $206 million of other debt. The Company classified $2.7 billion of near-term maturities as long-term because it intends and expects to refinance them using forecasted capacity under its $3.5 billion U.S. and Canadian revolving credit facility. The remaining $1.1 billion was classified as current obligations, while the Company redeemed the $352 million of 2.60% Canadian senior notes in July 2026.
Key facts
- Forecasted available capacity under our long-term U.S. and Canadian revolving credit facility was $3.5 billion. source
- As of June 30, 2026, Waste Management, Inc. had approximately $3.8 billion of debt maturing within the next 12 months. source
- As of June 30, 2026, Waste Management classified $2.7 billion of debt maturing in the next 12 months as long-term because it has the intent and ability to refinance these borrowings on a long-term basis. source
- Of the debt maturing within the next 12 months, $2.0 billion was tax-exempt bonds with term interest rate periods that expire within the next 12 months. source
- Of the debt maturing within the next 12 months, $1.1 billion was short-term borrowings under our commercial paper program (net of related discount on issuance). source
- Of the debt maturing within the next 12 months, $223 million was 7.10% senior notes that mature in August 2026. source
- As of June 30, 2026, $1.1 billion of debt maturing in the next 12 months was classified as current obligations. source
- Of the debt maturing within the next 12 months, $352 million was 2.60% Canadian senior notes that the Company elected to redeem in July 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -7.8% | Repayments of commercial paper were $12,371 million for the six months ended June 30, 2026 and $8,744 million for the six months ended… |
| liability | positive | realized | +7.8% | Repayments of commercial paper were $12,371 million for the six months ended June 30, 2026 and $8,744 million for the six months ended… |
| liability | negative | realized | -7.2% | Borrowings during the six months ended June 30 included commercial paper borrowings of $12,330 million in 2026 and $9,005 million in 2025. |
| cash | positive | realized | +7.2% | Borrowings during the six months ended June 30 included commercial paper borrowings of $12,330 million in 2026 and $9,005 million in 2025. |
| cash | negative | realized | -1.4% | For the six months ended June 30, 2026, net cash used in financing activities was $1,452 million and for the six months ended June 30,… |
| liability | negative | realized | -1.0% | Total debt was $23,356 million as of June 30, 2026, compared to $22,907 million as of December 31, 2025. |
| liability | positive | committed | +0.7% | Of the debt maturing within the next 12 months, $352 million was 2.60% Canadian senior notes that the Company elected to redeem in July… |
| cash | negative | committed | -0.7% | Of the debt maturing within the next 12 months, $352 million was 2.60% Canadian senior notes that the Company elected to redeem in July… |
| liability | negative | realized | — | As of June 30, 2026, Waste Management, Inc. had approximately $3.8 billion of debt maturing within the next 12 months. |
| liability | positive | realized | — | As of June 30, 2026, Waste Management classified $2.7 billion of debt maturing in the next 12 months as long-term because it has the… |
| liability | negative | realized | — | As of June 30, 2026, Waste Management classified $2.7 billion of debt maturing in the next 12 months as long-term because it has the… |
| net_income | negative | contingent | — | Of the debt maturing within the next 12 months, $2.0 billion was tax-exempt bonds with term interest rate periods that expire within the… |