XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Service revenues $ 1,247 $ 1,239 $ 3,678 $ 3,677
Product sales 658 560 1,623 1,677
Total revenues 1,905 1,799 5,301 5,354
Costs and expenses:        
Product costs 461 426 1,180 1,382
Operating and maintenance expenses 394 403 1,179 1,227
Depreciation and amortization expenses 435 432 1,326 1,287
Selling, general, and administrative expenses 177 177 556 547
Net insurance recoveries – Geismar Incident 0 0 0 (126)
Impairment of long-lived assets 1 2 811 29
Other (income) expense – net 92 3 130 33
Total costs and expenses 1,560 1,443 5,182 4,379
Operating income (loss) 345 356 119 975
Equity earnings (losses) 104 92 302 236
Impairment of equity-method investments 0 (461) (112) (461)
Other investing income (loss) – net 28 18 64 27
Interest incurred (304) (280) (916) (831)
Interest capitalized 7 17 30 55
Other income (expense) – net 20 20 52 70
Income (loss) before income taxes 200 (238) (461) 71
Provision (benefit) for income taxes 69 (65) (74) 48
Net income (loss) 131 (173) (387) 23
Less: Net income (loss) attributable to noncontrolling interests 70 (133) 22 (121)
Net income (loss) attributable to The Williams Companies, Inc. $ 61 $ (40) $ (409) $ 144
Basic earnings (loss) per common share:        
Net income (loss) $ 0.08 $ (0.05) $ (0.55) $ 0.19
Weighted-average shares (thousands) 750,754 749,824 750,579 749,059
Diluted earnings (loss) per common share:        
Net income (loss) $ 0.08 $ (0.05) $ (0.55) $ 0.19
Weighted-average shares (thousands) 751,858 749,824 750,579 752,621
Cash dividends declared per common share $ 0.20 $ 0.64 $ 1.48 $ 1.81