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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Service revenues $ 5,171 $ 5,164 $ 4,116
Product sales 2,328 2,196 3,521
Total revenues 7,499 7,360 7,637
Costs and expenses:      
Product costs 1,725 1,779 3,016
Operating and maintenance expenses 1,580 1,655 1,492
Depreciation and amortization expenses 1,763 1,738 1,176
Selling, general, and administrative expenses 723 741 661
Impairment of goodwill (Note 17) 0 1,098 0
Impairment of certain assets (Note 17) 873 209 52
Net insurance recoveries – Geismar Incident (7) (126) (232)
Other (income) expense – net 142 40 (97)
Total costs and expenses 6,799 7,134 6,068
Operating income (loss) 700 226 1,569
Equity earnings (losses) 397 335 144
Gain on remeasurement of equity-method investment (Note 2) 0 0 2,544
Impairment of equity-method investments (Note 17) (430) (1,359) 0
Other investing income (loss) – net 63 27 43
Interest incurred (1,217) (1,118) (888)
Interest capitalized 38 74 141
Other income (expense) – net 74 102 31
Income (loss) from continuing operations before income taxes (375) (1,713) 3,584
Provision (benefit) for income taxes (25) (399) 1,249
Income (loss) from continuing operations (350) (1,314) 2,335
Income (loss) from discontinued operations 0 0 4
Net income (loss) (350) (1,314) 2,339
Less: Net income (loss) attributable to noncontrolling interests 74 (743) 225
Net income (loss) attributable to The Williams Companies, Inc. (424) (571) 2,114
Amounts attributable to The Williams Companies, Inc.:      
Income (loss) from continuing operations (424) (571) 2,110
Income (loss) from discontinued operations 0 0 4
Net income (loss) attributable to The Williams Companies, Inc. $ (424) $ (571) $ 2,114
Basic earnings (loss) per common share:      
Income (loss) from continuing operations $ (0.57) $ (0.76) $ 2.93
Income (loss) from discontinued operations 0.00 0.00 0.01
Net income (loss) $ (0.57) $ (0.76) $ 2.94
Weighted-average shares (thousands) 750,673 749,271 719,325
Diluted earnings (loss) per common share:      
Income (loss) from continuing operations $ (0.57) $ (0.76) $ 2.91
Income (loss) from discontinued operations 0.00 0.00 0.01
Net income (loss) $ (0.57) $ (0.76) $ 2.92
Weighted-average shares (thousands) 750,673 [1] 749,271 [1] 723,641
[1] For the years ended December 31, 2016 and December 31, 2015, 0.6 million and 1.7 million weighted-average nonvested restricted stock units, and 0.5 million 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.