Earnings (Loss) Per Common Share from Continuing Operations

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Common Share from Continuing Operations

Note 6 – Earnings (Loss) Per Common Share from Continuing Operations

	Three months ended   September 30,				Nine months ended    September 30,
	2014		2013		2014		2013
	(Dollars in millions, except per-share amounts; shares in thousands)
Income (loss) from continuing operations attributable to The Williams Companies, Inc. available to common stockholders for basic and diluted earnings (loss) per common share	$	1,678	$	143	$	1,917	$	454
Basic weighted-average shares	747,412		683,274		709,809		682,744
Effect of dilutive securities:
Nonvested restricted stock units	2,424		1,901		2,205		1,975
Stock options	2,210		2,113		2,087		2,169
Convertible debentures	18		18		18		119
Diluted weighted-average shares	752,064		687,306		714,119		687,007
Earnings (loss) per common share from continuing operations:
Basic	$	2.24	$	.21	$	2.70	$	.66
Diluted	$	2.22	$	.20	$	2.68	$	.66

We have nonvested service-based restricted stock units that contain a nonforfeitable right to dividends during the vesting period and are considered participating securities. Dividends associated with these participating securities were $1 million and $3 million for the three and nine months ended September 30, 2014, respectively, and have been subtracted from Income (loss) from continuing operations attributable to The Williams Companies, Inc. available to common stockholders for basic and diluted earnings (loss) per common share in the calculation of earnings (loss) per common share.