Acquisition

3 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

Acquisition [Text Block]

Note 2 – Acquisition

We acquired control of ACMP on July 1, 2014 (ACMP Acquisition). Our basis in ACMP reflects business combination accounting, which, among other things, requires identifiable assets acquired and liabilities assumed to be measured at their acquisition-date fair values.

The following table presents the allocation of the acquisition-date fair value of the major classes of the assets acquired, which are presented in the Williams Partners segment, liabilities assumed, and noncontrolling interest at July 1, 2014. Changes since the preliminary allocation disclosed in our Annual Report on Form 10-K for the year ended December 31, 2014 reflect an increase of $150 million in property, plant and equipment – net and $25 million in goodwill, and a decrease of $168 million in other intangible assets and $7 million in investments. These adjustments during the measurement period were not considered significant to require retrospective revisions of our financial statements.

	(Millions)
Accounts receivable	$	168
Other current assets	63
Investments	5,865
Property, plant, and equipment – net	7,165
Goodwill	499
Other intangible assets	8,841
Current liabilities	(408		)
Debt	(4,052		)
Other noncurrent liabilities	(9		)
Noncontrolling interest in ACMP’s subsidiaries	(958		)
Noncontrolling interest in ACMP	(6,544		)