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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Service revenues $ 825 $ 721 $ 1,644 $ 1,427
Product sales 853 1,046 1,783 2,150
Total revenues 1,678 1,767 3,427 3,577
Costs and expenses:        
Product costs 724 801 1,493 1,591
Operating and maintenance expenses 308 291 606 551
Depreciation and amortization epxenses 214 198 428 399
Selling, general, and administrative expenses 136 123 286 255
Net insurance recoveries - Geismar Incident (42) 0 (161) 0
Other (income) expense - net 27 4 44 5
Total costs and expenses 1,367 1,417 2,696 2,801
Operating income (loss) 311 350 731 776
Equity earnings (losses) 37 38 (11) 56
Interest incurred (192) (151) (361) (303)
Interest capitalized 29 24 58 48
Other investing income - net 18 39 32 52
Other income (expense) - net 4 2 5 0
Income (loss) from continuing operations before income taxes 207 302 454 629
Provision (benefit) for income taxes 84 102 135 198
Income (loss) from continuing operations 123 200 319 431
Income (loss) from discontinued operations 4 (8) 4 (9)
Net income (loss) 127 192 323 422
Less: Net income attributable to noncontrolling interests 24 50 80 119
Net income (loss) attributable to The Williams Companies, Inc. 103 142 243 303
Amounts attributable to The Williams Companies, Inc.:        
Income (loss) from continuing operations 99 149 239 311
Income (loss) from discontinued operations 4 (7) 4 (8)
Net income (loss) $ 103 $ 142 $ 243 $ 303
Basic earnings (loss) per common share:        
Income (loss) from continuing operations $ 0.14 $ 0.22 $ 0.34 $ 0.45
Income (loss) from discontinued operations $ 0.01 $ (0.01) $ 0.01 $ (0.01)
Net income (loss) $ 0.15 $ 0.21 $ 0.35 $ 0.44
Weighted-average shares (thousands) 696,553 682,893 690,695 682,475
Diluted earnings (loss) per common share:        
Income (loss) from continuing operations $ 0.14 $ 0.22 $ 0.34 $ 0.45
Income (loss) from discontinued operations $ 0.01 $ (0.01) $ 0.01 $ (0.01)
Net income (loss) $ 0.15 $ 0.21 $ 0.35 $ 0.44
Weighted-average shares (thousands) 700,696 686,924 694,832 686,855
Cash dividends declared per common share $ 0.4250 $ 0.3525 $ 0.8275 $ 0.69125