🟢 New in Current Filing We may be unable to obtain or maintain required permits or expand existing permitted capacity at our landfills, due to land scarcity, public opposition or otherwise, which can require us to identify disposal alternatives, resulting in decreased revenue and increased costs. 🔒

🟢 New in Current Filing Focus on, and regulation of, environmental, social and governance (“ESG”) performance and disclosure can result in increased costs, risk of noncompliance, damage to our reputation and related adverse effects. 🔒

🟢 New in Current Filing Significant shortages in diesel fuel supply or increases in diesel fuel prices will increase our operating expenses. 🔒

🟢 New in Current Filing Currently pending or future litigation or governmental proceedings could result in material adverse consequences, including judgments or settlements. 🔒

🟢 New in Current Filing We could face significant liabilities for withdrawal from Multiemployer Pension Plans. 🔒

🟢 New in Current Filing Strategy, Governance and Risk Management 🔒

🟢 New in Current Filing Collection and Disposal 🔒

🟢 New in Current Filing Recycling Processing and Sales 🔒

🟢 New in Current Filing WM Renewable Energy 🔒

🟢 New in Current Filing Corporate and Other 🔒

🟢 New in Current Filing Operating Revenues 🔒

🟢 New in Current Filing Intercompany 🔒

🟢 New in Current Filing Loss on Early Extinguishment of Debt, Net 🔒

🟢 New in Current Filing Recorded Obligations: 🔒

🟢 New in Current Filing Income Statement Information: 🔒

🟢 New in Current Filing NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🟢 New in Current Filing Investments in Unconsolidated Entities 🔒

🟢 New in Current Filing Remediation 🔒

🔴 No Match in Current Filing If we are unable to attract, hire or retain key team members and a high-quality workforce, or if our succession planning does not develop an adequate pipeline of future leaders, it could disrupt our business, jeopardize our strategic priorities and result in increased costs, negatively impacting our results of operations. 🔒

🔴 No Match in Current Filing The COVID-19 global pandemic disrupted social and commercial activity and financial markets throughout North America; a significant resurgence or new variant of the COVID-19 virus, or other similar pandemic conditions, may have a material adverse impact on our business, financial condition, results of operations and cash flows. 🔒

🔴 No Match in Current Filing We could be subject to significant fines and penalties, and our reputation could be adversely affected, if our businesses, or third parties with whom we have a relationship, were to fail to comply with U.S. or foreign laws or regulations. 🔒

🔴 No Match in Current Filing Issuer Purchases of Equity Securities 🔒

🔴 No Match in Current Filing Acquisition of Advanced Disposal Services, Inc. (“Advanced Disposal”) 🔒

🔴 No Match in Current Filing COVID-19 Impact 🔒

🔴 No Match in Current Filing Depreciation, Depletion and Amortization Expenses 🔒

🔴 No Match in Current Filing Loss on Early Extinguishment of Debt, Net 🔒

🔴 No Match in Current Filing Recorded Obligations: 🔒

🔴 No Match in Current Filing Amendment and Extension of Revolving Credit Facility 🔒

🔴 No Match in Current Filing Income Statement Information: 🔒

🔴 No Match in Current Filing Restricted Funds 🔒

🔴 No Match in Current Filing Foreign Currency 🔒

🔴 No Match in Current Filing Internal-Use Software 🔒

🔴 No Match in Current Filing Remediation 🔒

🔴 No Match in Current Filing NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🔴 No Match in Current Filing 4. Property and Equipment 🔒

🟡 Modified Our operations must comply with extensive existing regulations, and changes in regulations, including with respect to emerging contaminants and extended producer responsibility, can restrict or alter our operations, increase our operating costs, increase our tax rate, or require us to make additional capital expenditures. 🔒

🟡 Modified We have made significant investments in an extensive natural gas truck fleet, which makes us partially dependent on the availability of natural gas and fueling infrastructure and vulnerable to natural gas prices, and requirements to transition to other vehicle types could impair these investments. 🔒

🟡 Modified NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🟡 Modified Increasing regulatory focus on privacy and data protection issues and expanding laws could negatively impact our business, subject us to criticism and expose us to increased liability. 🔒

🟡 Modified Market disruption, including labor shortages and supply chain constraints, and macroeconomic pressures, including inflation, have adversely impacted our business and results of operations. 🔒

🟡 Modified NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🟡 Modified Significant cybersecurity incidents negatively impact our business and our relationships with customers, vendors and employees and expose us to increased liability. 🔒

🟡 Modified Liquidity and Capital Resources 🔒

🟡 Modified Year Ended December 31, 🔒

🟡 Modified Our operations require us to attract, hire, develop and retain a high-quality workforce to provide a superior customer experience. This includes key individuals in leadership and specialty roles, as well as a very large number of drivers, 🔒

🟡 Modified # of Landfills 🔒

🟡 Modified Supplemental Cash Flow Information 🔒

🟡 Modified NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🟡 Modified (Loss) Income 🔒

🟡 Modified NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🟡 Modified Remediation 🔒

🟡 Modified Our revenues, earnings and cash flows fluctuate based on changes in commodity prices and may fluctuate substantially without notice in the future. 🔒

🟡 Modified Useful Lives 🔒

🟡 Modified Fair Value of Nonfinancial Assets and Liabilities 🔒

🟡 Modified Landfill Assets 🔒

🟡 Modified We are increasingly dependent on technology in our operations and if our technology fails, our business could be adversely affected. 🔒

🟡 Modified Restricted Funds 🔒

🟡 Modified Large-scale disruption of social and commercial activity and financial markets, such as has occurred in the past due to pandemic conditions, may have a material adverse impact on our business, financial condition, results of operations and cash flows. 🔒

🟡 Modified We could be subject to significant fines and penalties, and our reputation could be adversely affected, if our businesses, or third parties with whom we have a relationship, were to fail to comply with U.S. or foreign laws or regulations. 🔒

🟡 Modified Operating Expenses 🔒

🟡 Modified Environmental Remediation Liabilities 🔒

🟡 Modified Landfill and Environmental Remediation Discussion and Analysis 🔒

🟡 Modified Foreign Currency 🔒

🟡 Modified Our sustainability growth strategy includes significant planned and ongoing investments in our WM Renewable Energy segment; changes to federal and state renewable fuel policies could affect our financial performance, and such investments may not yield the results anticipated. 🔒

🟡 Modified Year Ended December 31, 🔒

🟡 Modified Board Oversight 🔒

🟡 Modified Environmental Remediation Liabilities 🔒

🟡 Modified Capitalized Interest 🔒

🟡 Modified Selling, General and Administrative Expenses 🔒

🟡 Modified Equity in Net Losses of Unconsolidated Entities 🔒

🟡 Modified NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🟡 Modified Unrecorded Obligations: 🔒

🟡 Modified Summary of Cash Flow Activity 🔒

🟡 Modified Summary of Cash and Cash Equivalents, Restricted Funds and Debt Obligations 🔒

🟡 Modified See Notes to Consolidated Financial Statements. 🔒

🟡 Modified Contingent Liabilities 🔒

🟡 Modified Business Environment 🔒

🟡 Modified NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🟡 Modified Balance Sheet Information: 🔒

🟡 Modified 1. Basis of Presentation 🔒

🟡 Modified Income Tax Expense 🔒

🟡 Modified We may not be able to achieve our sustainability related goals, including reduction of our greenhouse gas ("GHG") emissions, or execute on our sustainability-related growth strategy and initiatives, within planned timelines or anticipated budget, which could damage our reputation and negatively impact the benefits anticipated from our investments. 🔒

🟡 Modified Insured and Self-Insured Claims 🔒

🟡 Modified Depreciation, Depletion and Amortization Expenses 🔒

🟡 Modified NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🟡 Modified Year Ended December 31, 🔒

🟡 Modified Landfill – Final Capping, Closure and Post-Closure Costs 🔒

🟡 Modified 2022 vs. 2021 🔒

🟡 Modified LIABILITIES AND EQUITY 🔒

🟡 Modified NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🟡 Modified (Gain) Loss from Divestitures, Asset Impairments and Unusual Items, Net 🔒

🟡 Modified Interest Expense, Net 🔒

🟡 Modified the Plans or Programs(a) 🔒

🟡 Modified Business(a) 🔒

🟡 Modified Income from Operations 🔒

🟡 Modified December 31, 🔒

🟡 Modified 2022 vs. 2021 🔒

🟡 Modified Year Ended December 31: 🔒

🟡 Modified Property and Equipment (exclusive of landfills, discussed above) 🔒

🟡 Modified Remediation 🔒

🟡 Modified Current Year Financial Results 🔒