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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Service revenues $ 1,127 $ 736 $ 2,771 $ 2,163
Product sales 942 887 2,725 3,037
Total revenues 2,069 1,623 5,496 5,200
Costs and expenses:        
Product costs 807 710 2,300 2,301
Operating and maintenance expenses 412 269 1,018 820
Depreciation and amortization epxenses 369 207 797 606
Selling, general, and administrative expenses 171 130 457 385
Net insurance recoveries - Geismar Incident 0 (50) (161) (50)
Other (income) expense - net 3 21 47 26
Total costs and expenses 1,762 1,287 4,458 4,088
Operating income (loss) 307 336 1,038 1,112
Equity earnings (losses) 66 37 55 93
Gain on remeasurement of equity-method investment 2,522 0 2,522 0
Other investing income (loss) - net 11 10 43 62
Interest incurred (262) (151) (623) (454)
Interest capitalized 52 27 110 75
Other income (expense) - net 10 1 15 1
Income (loss) from continuing operations before income taxes 2,706 260 3,160 889
Provision (benefit) for income taxes 998 62 1,133 260
Income (loss) from continuing operations 1,708 198 2,027 629
Income (loss) from discontinued operations 0 (1) 4 (10)
Net income (loss) 1,708 197 2,031 619
Less: Net income attributable to noncontrolling interests 30 56 110 175
Net income (loss) attributable to The Williams Companies, Inc. 1,678 141 1,921 444
Amounts attributable to The Williams Companies, Inc.:        
Income (loss) from continuing operations 1,678 143 1,917 454
Income (loss) from discontinued operations 0 (2) 4 (10)
Net income (loss) $ 1,678 $ 141 $ 1,921 $ 444
Basic earnings (loss) per common share:        
Income (loss) from continuing operations $ 2.24 $ 0.21 $ 2.70 $ 0.66
Income (loss) from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.01)
Net income (loss) $ 2.24 $ 0.21 $ 2.70 $ 0.65
Weighted-average shares (thousands) 747,412 683,274 709,809 682,744
Diluted earnings (loss) per common share:        
Income (loss) from continuing operations $ 2.22 $ 0.20 $ 2.68 $ 0.66
Income (loss) from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.01)
Net income (loss) $ 2.22 $ 0.20 $ 2.68 $ 0.65
Weighted-average shares (thousands) 752,064 687,306 714,119 687,007
Cash dividends declared per common share $ 0.56 $ 0.36625 $ 1.3875 $ 1.0575