Abstract. Many interprocedural static analyses perform a lossy join for reasons of termination or efficiency. We study the relationship between two predominant approaches to interprocedural analysis, the summarybased (or functional) approach and the call-strings (or k-CFA) approach, in the presence of a lossy join. Despite the use of radically different ways to distinguish procedure contexts by these two approaches, we prove that post-processing their results using a form of garbage collection renders them equivalent. Our result extends the classic result by Sharir and Pnueli that showed the equivalence between these two approaches in the setting of distributive analysis, wherein the join is lossless.We also empirically compare these two approaches by applying them to a pointer analysis that performs a lossy join. Our experiments on ten Java programs of size 400K-900K bytecodes show that the summary-based approach outperforms an optimized implementation of the k-CFA approach: the k-CFA implementation does not scale beyond k=2, while the summarybased approach proves up to 46% more pointer analysis client queries than 2-CFA. The summary-based approach thus enables, via our equivalence result, to measure the precision of k-CFA with unbounded k, for the class of interprocedural analyses that perform a lossy join.