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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Service revenues $ 736 $ 675 $ 2,163 $ 2,019
Product sales 887 1,077 3,037 3,598
Total revenues 1,623 1,752 5,200 5,617
Costs and expenses:        
Product costs 710 771 2,301 2,628
Operating and maintenance expenses 269 261 820 766
Depreciation and amortization epxenses 207 196 606 545
Selling, general, and administrative expenses 130 137 385 415
Other (income) expense - net (29) 14 (24) 31
Total costs and expenses 1,287 1,379 4,088 4,385
Operating income (loss) 336 373 1,112 1,232
Equity earnings (losses) 37 30 93 88
Interest incurred (151) (140) (454) (421)
Interest capitalized 27 11 75 33
Other investing income - net 10 3 62 75
Other income (expense) - net 1 0 1 (1)
Income (loss) from continuing operations before income taxes 260 277 889 1,006
Provision (benefit) for income taxes 62 77 260 281
Income (loss) from continuing operations 198 200 629 725
Income (loss) from discontinued operations (1) 3 (10) 138
Net income (loss) 197 203 619 863
Less: Net income attributable to noncontrolling interests 56 48 175 153
Net income (loss) attributable to The Williams Companies, Inc. 141 155 444 710
Amounts attributable to The Williams Companies, Inc.:        
Income (loss) from continuing operations 143 152 454 572
Income (loss) from discontinued operations (2) 3 (10) 138
Net income (loss) $ 141 $ 155 $ 444 $ 710
Basic earnings (loss) per common share:        
Income (loss) from continuing operations $ 0.21 $ 0.25 $ 0.66 $ 0.94
Income (loss) from discontinued operations $ 0.00 $ 0.00 $ (0.01) $ 0.22
Net income (loss) $ 0.21 $ 0.25 $ 0.65 $ 1.16
Weighted-average shares (thousands) 683,274 626,809 682,744 613,888
Diluted earnings (loss) per common share:        
Income (loss) from continuing operations $ 0.20 $ 0.25 $ 0.66 $ 0.93
Income (loss) from discontinued operations $ 0.00 $ 0.00 $ (0.01) $ 0.22
Net income (loss) $ 0.20 $ 0.25 $ 0.65 $ 1.15
Weighted-average shares (thousands) 687,306 632,019 687,007 619,765
Cash dividends declared per common share $ 0.36625 $ 0.3125 $ 1.0575 $ 0.87125