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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Service revenues $ 1,261 $ 1,229
Product sales 727 431
Total revenues 1,988 1,660
Costs and expenses:    
Product costs 579 318
Operating and maintenance expenses 368 391
Depreciation and amortization expenses 442 445
Selling, general, and administrative expenses 161 221
Other (income) expense – net 5 23
Total costs and expenses 1,555 1,398
Operating income (loss) 433 262
Equity earnings (losses) 107 97
Impairment of equity-method investments (Note 10) 0 (112)
Other investing income (loss) – net (Note 3) 272 18
Interest incurred (287) (306)
Interest capitalized 7 15
Other income (expense) – net 74 15
Income (loss) before income taxes 606 (11)
Provision (benefit) for income taxes 37 2
Net income (loss) 569 (13)
Less: Net income (loss) attributable to noncontrolling interests 196 52
Net income (loss) attributable to The Williams Companies, Inc. $ 373 $ (65)
Basic earnings (loss) per common share:    
Net income (loss) $ 0.45 $ (0.09)
Weighted-average shares (thousands) 824,548 750,332
Diluted earnings (loss) per common share:    
Net income (loss) $ 0.45 $ (0.09)
Weighted-average shares (thousands) 826,476 750,332
Cash dividends declared per common share $ 0.30 $ 0.64