🟢 New in Current Filing We may not realize the strategic benefits and cost synergies anticipated from the Stericycle acquisition. 🔒

🟢 New 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. 🔒

🟢 New in Current Filing Market disruption, including labor shortages, external strikes, and supply chain constraints, and macroeconomic pressures, including inflation, have recently had, and may in the future have, an adverse impact on our business and results of operations. 🔒

🟢 New in Current Filing Our revenues, earnings and cash flows fluctuate based on changes in commodity prices and demand and may fluctuate substantially without notice in the future. 🔒

🟢 New in Current Filing Reduction in volumes of medical waste, controlled substances wastes, and personal and confidential information, and changing conditions in the healthcare industry, could adversely affect our financial results. 🔒

🟢 New in Current Filing Changes to applicable tax laws and regulation or interpretation thereof or the imposition of new or increased taxes may increase our tax liabilities and could adversely affect our operating results and cash flows. 🔒

🟢 New in Current Filing Large-scale disruption of social and commercial activity and financial markets may have a material adverse impact on our business, financial condition, results of operations and cash flows. 🔒

🟢 New in Current Filing Inability to adapt to and manage the benefits and risks of artificial intelligence could expose us to liability or put us at a disadvantage. 🔒

🟢 New in Current Filing Failure to maintain an effective system of internal control over financial reporting, due to technology issues, difficulties integrating Stericycle’s operations and systems, or otherwise, could adversely affect our ability to provide accurate and timely financial statements, which may harm our business and reputation. 🔒

🟢 New in Current Filing We could be subject to significant fines and penalties, and our reputation could be adversely affected, if we or third parties with whom we have a relationship fail to comply with U.S. or foreign laws or regulations. 🔒

🟢 New in Current Filing WM Healthcare Solutions 🔒

🟢 New in Current Filing Recorded Obligations: 🔒

🟢 New in Current Filing Guarantor Financial Information 🔒

🟢 New in Current Filing Acquisition of Stericycle, Inc. – Valuation of Customer Relationships 🔒

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

🟢 New in Current Filing Restricted Funds 🔒

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

🟢 New in Current Filing Derivative Instruments 🔒

🟢 New in Current Filing Foreign Currency 🔒

🟢 New in Current Filing Contingent Liabilities 🔒

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

🟢 New in Current Filing Adoption of New Accounting Standards in 2024 🔒

🔴 No Match in Current Filing The seasonal nature of our business, severe weather events resulting from climate change and event driven special projects cause our results to fluctuate, and prior performance may not be indicative of our future results. 🔒

🔴 No Match 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. 🔒

🔴 No Match in Current Filing The environmental services industry is highly competitive, and if we cannot successfully compete in the marketplace, our business, financial condition and operating results may be materially adversely affected. 🔒

🔴 No Match in Current Filing Weakness in the economy may expose us to credit risk of governmental entities and municipalities and other major customers, which could negatively impact our financial results. 🔒

🔴 No Match in Current Filing The Company’s effective tax rate and tax liability could materially change as a result of the adoption of new tax legislation and other factors. 🔒

🔴 No Match in Current Filing Currently pending or future litigation or governmental proceedings could result in material adverse consequences, including judgments or settlements. 🔒

🔴 No Match in Current Filing Recorded Obligations: 🔒

🔴 No Match in Current Filing Guarantor Financial Information 🔒

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

🔴 No Match in Current Filing Investments in Unconsolidated Entities 🔒

🔴 No Match in Current Filing Foreign Currency 🔒

🔴 No Match in Current Filing Contingent Liabilities 🔒

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

🔴 No Match in Current Filing 3. Landfill and Environmental Remediation Liabilities 🔒

🔴 No Match in Current Filing Remediation 🔒

🟡 Modified Landfill Assets 🔒

🟡 Modified The impact of climate change, and the adoption of climate change legislation or regulations restricting emissions of GHGs, could increase our costs to operate. 🔒

🟡 Modified Fair Value of Nonfinancial Assets and Liabilities 🔒

🟡 Modified Landfill Accounting 🔒

🟡 Modified Landfill Depletion 🔒

🟡 Modified Operating Revenues 🔒

🟡 Modified Long-Lived Asset Impairments 🔒

🟡 Modified # of Landfills 🔒

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

🟡 Modified Environmental Remediation Liabilities 🔒

🟡 Modified Revenue Recognition 🔒

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

🟡 Modified Landfill and Environmental Remediation Discussion and Analysis 🔒

🟡 Modified Remediation 🔒

🟡 Modified Strategy, Governance and Risk Management 🔒

🟡 Modified Income Statement Information: 🔒

🟡 Modified Our business is subject to operational and safety risks, including the risk of injury to employees and others. 🔒

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

🟡 Modified Acquisitions 🔒

🟡 Modified Year Ended December 31, 🔒

🟡 Modified Depreciation, Depletion and Amortization Expenses 🔒

🟡 Modified (Loss) Income 🔒

🟡 Modified Increases in the costs of obtaining adequate financial assurance, or the inadequacy of our insurance coverages, could negatively impact our liquidity and increase our liabilities. 🔒

🟡 Modified Useful Lives 🔒

🟡 Modified Intercompany 🔒

🟡 Modified We could face significant liabilities for withdrawal from Multiemployer Pension Plans. 🔒

🟡 Modified Operating Expenses 🔒

🟡 Modified Opinion on Internal Control Over Financial Reporting 🔒

🟡 Modified Stericycle Acquisition 🔒

🟡 Modified Accounts and Other Receivables 🔒

🟡 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 Damage to our reputation and the value of our brand would negatively impact our business. 🔒

🟡 Modified 1. Basis of Presentation 🔒

🟡 Modified See Notes to Consolidated Financial Statements. 🔒

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

🟡 Modified Year Ended December 31, 🔒

🟡 Modified Currently pending or future litigation or governmental proceedings could result in material adverse consequences, including judgments or settlements. 🔒

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

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

🟡 Modified Selling, General and Administrative Expenses 🔒

🟡 Modified 2023 vs. 2022 🔒

🟡 Modified Board Oversight 🔒

🟡 Modified Year Ended December 31: 🔒

🟡 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 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 🔒

🟡 Modified Business(a) 🔒

🟡 Modified The environmental services industry is highly competitive, and if we cannot successfully compete in the marketplace, our business, financial condition and operating results may be materially adversely affected. 🔒

🟡 Modified Capitalized Interest 🔒

🟡 Modified Interest Expense, Net 🔒

🟡 Modified Summary of Cash Flow Activity 🔒

🟡 Modified Unrecorded Obligations: 🔒

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

🟡 Modified Business Environment 🔒

🟡 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 Supplemental Cash Flow Information 🔒

🟡 Modified Equity in Net Income (Losses) of Unconsolidated Entities 🔒

🟡 Modified Focus on, and regulation of, sustainability performance and disclosure can result in increased costs, risk of noncompliance, damage to our reputation and related adverse effects. 🔒

🟡 Modified The seasonal nature of our business, severe weather events resulting from climate change and event driven projects cause our results to fluctuate, and prior performance may not be indicative of our future results. 🔒

🟡 Modified Recycling Processing and Sales 🔒

🟡 Modified Income Tax Expense 🔒

🟡 Modified Environmental Remediation Liabilities 🔒

🟡 Modified Balance Sheet Information: 🔒

🟡 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 liabilities, reduce revenues, or require us to make additional capital expenditures. 🔒

🟡 Modified Insured and Self-Insured Claims 🔒

🟡 Modified Year Ended December 31, 🔒

🟡 Modified Income from Operations 🔒

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

🟡 Modified If we are not able to develop new service offerings and protect intellectual property or if a competitor develops or obtains exclusive rights to a breakthrough technology, our financial results may suffer. 🔒

🟡 Modified LIABILITIES AND EQUITY 🔒

🟡 Modified Investments in Unconsolidated Entities 🔒

🟡 Modified General economic conditions can directly and adversely affect revenues for our services and our income from operations margins. 🔒

🟡 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 away from our current vehicle fleet to electric powered vehicles could impair our investments and result in cost increases and significant additional capital investment. 🔒

🟡 Modified Loss on Early Extinguishment of Debt, Net 🔒

🟡 Modified Increasing customer preference for alternatives to landfill disposal and bans on certain types of waste could reduce our landfill volumes and cause our revenues and operating results to decline. 🔒

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

🟡 Modified We are dependent on technology, and if our technology fails, our business would be adversely affected. 🔒

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

🟡 Modified December 31, 🔒

🟡 Modified 2023 vs. 2022 🔒

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

🟡 Modified We may be unable to obtain or maintain required permits for our operations 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. 🔒

🟡 Modified Current Year Financial Results 🔒

🟡 Modified Weakness in the economy may expose us to credit risk of governmental entities and municipalities and other major customers, which could negatively impact our financial results. 🔒