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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Service revenues $ 5,164 $ 4,116 $ 2,939
Product sales 2,196 3,521 3,921
Total revenues 7,360 7,637 6,860
Costs and expenses:      
Product costs 1,779 3,016 3,027
Operating and maintenance expenses 1,655 1,492 1,097
Depreciation and amortization expenses 1,738 1,176 815
Selling, general, and administrative expenses 741 661 512
Impairment of goodwill 1,098 0 0
Net insurance recoveries – Geismar Incident (126) (232) (40)
Other (income) expense – net 249 (45) 74
Total costs and expenses 7,134 6,068 5,485
Operating income (loss) 226 1,569 1,375
Equity earnings (losses) 335 144 134
Gain on remeasurement of equity-method investment 0 2,544 0
Impairment of equity-method investments (1,359) 0 0
Other investing income (loss) – net 27 43 81
Interest incurred (1,118) (888) (611)
Interest capitalized 74 141 101
Other income (expense) – net 102 31 0
Income (loss) from continuing operations before income taxes (1,713) 3,584 1,080
Provision (benefit) for income taxes (399) 1,249 401
Income (loss) from continuing operations (1,314) 2,335 679
Income (loss) from discontinued operations 0 4 (11)
Net income (loss) (1,314) 2,339 668
Less: Net income (loss) attributable to noncontrolling interests (743) 225 238
Net income (loss) attributable to The Williams Companies, Inc. (571) 2,114 430
Amounts attributable to The Williams Companies, Inc.:      
Income (loss) from continuing operations (571) 2,110 441
Income (loss) from discontinued operations 0 4 (11)
Net income (loss) attributable to The Williams Companies, Inc. $ (571) $ 2,114 $ 430
Basic earnings (loss) per common share:      
Income (loss) from continuing operations $ (0.76) $ 2.93 $ 0.65
Income (loss) from discontinued operations 0.00 0.01 (0.02)
Net income (loss) $ (0.76) $ 2.94 $ 0.63
Weighted-average shares (thousands) 749,271 719,325 682,948
Diluted earnings (loss) per common share:      
Income (loss) from continuing operations $ (0.76) $ 2.91 $ 0.64
Income (loss) from discontinued operations 0.00 0.01 (0.02)
Net income (loss) $ (0.76) $ 2.92 $ 0.62
Weighted-average shares (thousands) 749,271 [1] 723,641 687,185
[1] For the year ended December 31, 2015, 1.7 million weighted-average nonvested restricted stock units and 1.5 million weighted-average stock options have been excluded from the computation of diluted earnings (loss) per common share as their inclusion would be antidilutive due to our loss from continuing operations attributable to The Williams Companies, Inc.