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Consolidated Statement of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Service revenues $ 2,939 $ 2,729 $ 2,532
Product sales 3,921 4,757 5,398
Total revenues 6,860 7,486 7,930
Costs and expenses:      
Product costs 3,027 3,496 3,934
Operating and maintenance expenses 1,097 1,027 990
Depreciation and amortization expenses 815 756 661
Selling, general, and administrative expenses 512 571 477
Other (income) expense - net 34 24 1
Total costs and expenses 5,485 5,874 6,063
Operating income (loss) 1,375 1,612 1,867
Equity earnings (losses) 134 [1] 111 [1] 155 [1]
Interest incurred (611) (568) (598)
Interest capitalized 101 59 25
Other investing income - net 81 77 13
Early debt retirement costs 0 0 (271)
Other income (expense) - net 0 (2) 11
Income (loss) from continuing operations before income taxes 1,080 1,289 1,202
Provision (benefit) for income taxes 401 360 124
Income (loss) from continuing operations 679 929 1,078
Income (loss) from discontinued operations (11) 136 (417)
Net income (loss) 668 1,065 661
Less: Net income attributable to noncontrolling interests 238 206 285
Net income (loss) attributable to The Williams Companies, Inc. 430 859 376
Amounts attributable to The Williams Companies, Inc.:      
Income (loss) from continuing operations 441 723 803
Income (loss) from discontinued operations (11) 136 (427)
Net income (loss) $ 430 $ 859 $ 376
Basic earnings (loss) per common share:      
Income (loss) from continuing operations $ 0.65 $ 1.17 $ 1.36
Income (loss) from discontinued operations $ (0.02) $ 0.22 $ (0.72)
Net income (loss) $ 0.63 $ 1.39 $ 0.64
Weighted-average shares (thousands) 682,948 619,792 588,553
Diluted earnings (loss) per common share:      
Income (loss) from continuing operations $ 0.64 $ 1.15 $ 1.34
Income (loss) from discontinued operations $ (0.02) $ 0.22 $ (0.71)
Net income (loss) $ 0.62 $ 1.37 $ 0.63
Weighted-average shares (thousands) 687,185 625,486 598,175
[1] Items also included in Segment profit (loss). (See Note 18 – Segment Disclosures.)