XML 46 R28.htm IDEA: XBRL DOCUMENT v3.3.1.900
Schedule I Condensed Financial Information Of Registrant
 12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
The Williams Companies, Inc.
Schedule I — Condensed Financial Information of Registrant
Statement of Comprehensive Income (Loss) (Parent)


 
Years Ended December 31,
 
2015
 
2014
 
2013
 
(Millions, except per-share amounts)
Equity in earnings of consolidated subsidiaries
$
232

 
$
1,799

 
$
1,564

Equity earnings (losses) from investment in Access Midstream Partners
—

 
(7
)
 
30

Interest incurred — external
(255
)
 
(206
)
 
(156
)
Interest incurred — affiliate
(828
)
 
(797
)
 
(722
)
Interest income — affiliate
6

 
10

 
71

Gain on remeasurement of equity-method investment
—

 
2,544

 
—

Other income (expense) — net
(75
)
 
(13
)
 
32

Income (loss) from continuing operations before income taxes
(920
)
 
3,330

 
819

Provision (benefit) for income taxes
(349
)
 
1,220

 
378

Income (loss) from continuing operations
(571
)
 
2,110

 
441

Income (loss) from discontinued operations
—

 
4

 
(11
)
Net income (loss)
$
(571
)
 
$
2,114

 
$
430

Basic earnings (loss) per common share:
 
 
 
 
 
Income (loss) from continuing operations
$
(.76
)
 
$
2.93

 
$
.65

Income (loss) from discontinued operations
—

 
.01

 
(.02
)
Net income (loss)
$
(.76
)
 
$
2.94

 
$
.63

Weighted-average shares (thousands)
749,271

 
719,325

 
682,948

Diluted earnings (loss) per common share:
 
 
 
 
 
Income (loss) from continuing operations
$
(.76
)
 
$
2.91

 
$
.64

Income (loss) from discontinued operations
—

 
.01

 
(.02
)
Net income (loss)
$
(.76
)
 
$
2.92

 
$
.62

Weighted-average shares (thousands)
749,271

 
723,641

 
687,185

Other comprehensive income (loss):
 
 
 
 
 
Equity in other comprehensive income (loss) of consolidated subsidiaries
$
(204
)
 
$
(96
)
 
$
(41
)
Other comprehensive income (loss) attributable to The Williams Companies, Inc.
33

 
(80
)
 
239

Other comprehensive income (loss)
(171
)
 
(176
)
 
198

Less: Other comprehensive income (loss) attributable to noncontrolling interests
(70
)
 
(19
)
 
—

Comprehensive income (loss) attributable to The Williams Companies, Inc.
$
(672
)
 
$
1,957

 
$
628

See accompanying notes.

The Williams Companies, Inc.
Schedule I — Condensed Financial Information of Registrant – (Continued)
Balance Sheet (Parent)
 
 
December 31,
 
2015
 
2014
 
(Millions)
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
12

 
$
49

Other current assets and deferred charges
62

 
246

Total current assets
74

 
295

Investments in and advances to consolidated subsidiaries
30,927

 
31,405

Property, plant, and equipment — net
99

 
99

Other noncurrent assets
12

 
12

Total assets
$
31,112

 
$
31,811

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
Current liabilities:
 
 
 
Accounts payable
$
27

 
$
27

Other current liabilities
163

 
174

Total current liabilities
190

 
201

Long-term debt
4,811

 
4,528

Notes payable — affiliates
15,506

 
13,295

Pension, other postretirement, and other noncurrent liabilities
336

 
409

Deferred income tax liabilities
4,121

 
4,601

Contingent liabilities and commitments

 

Equity:
 
 
 
Common stock
784

 
782

Other stockholders’ equity
5,364

 
7,995

Total stockholders’ equity
6,148

 
8,777

Total liabilities and stockholders’ equity
$
31,112

 
$
31,811

See accompanying notes.

The Williams Companies, Inc.
Schedule I — Condensed Financial Information of Registrant – (Continued)
Statement of Cash Flows (Parent)
 
 
Years Ended December 31,
 
2015
 
2014
 
2013
 
(Millions)
NET CASH FLOWS PROVIDED (USED) BY OPERATING ACTIVITIES
$
(1,209
)
 
$
(500
)
 
$
19

 
 
 
 
 
 
FINANCING ACTIVITIES:
 
 
 
 
 
Proceeds from long-term debt
2,097

 
2,935

 
—

Payments of long-term debt
(1,817
)
 
(671
)
 
(1
)
Changes in notes payable to affiliates
2,211

 
2,465

 
1,892

Tax benefit of stock-based awards
—

 
25

 
19

Proceeds from issuance of common stock
27

 
3,416

 
18

Dividends paid
(1,836
)
 
(1,412
)
 
(982
)
Other — net
(2
)
 
(17
)
 
(3
)
Net cash provided (used) by financing activities
680

 
6,741

 
943

 
 
 
 
 
 
INVESTING ACTIVITIES:
 
 
 
 
 
Capital expenditures
(29
)
 
(54
)
 
(23
)
Purchase of Access Midstream Partners
—

 
(5,995
)
 
—

Changes in investments in and advances to consolidated subsidiaries
521

 
(450
)
 
(985
)
Other — net
—

 
25

 
(12
)
Net cash provided (used) by investing activities
492

 
(6,474
)
 
(1,020
)
Increase (decrease) in cash and cash equivalents
(37
)
 
(233
)
 
(58
)
Cash and cash equivalents at beginning of year
49

 
282

 
340

Cash and cash equivalents at end of year
$
12

 
$
49

 
$
282

See accompanying notes.

Note 1. Guarantees
In addition to the guarantees disclosed in the accompanying consolidated financial statements in Item 8, we have financially guaranteed the performance of certain consolidated subsidiaries. The duration of these guarantees varies, and we estimate the maximum undiscounted potential future payment obligation related to these guarantees as of December 31, 2015, is approximately $631 million.
Note 2. Cash Dividends Received
We receive dividends and distributions either directly from our subsidiaries or indirectly through dividends received by subsidiaries and subsequent transfers of cash to us through our corporate cash management system. The total of such receipts ultimately related to dividends and distributions for the years ended December 31, 2015, 2014, and 2013 was approximately $1.8 billion, $1.9 billion, and $1.5 billion, respectively.