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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Service revenues $ 1,282 $ 1,202 $ 2,543 $ 2,431
Product sales 642 534 1,369 965
Total revenues 1,924 1,736 3,912 3,396
Costs and expenses:        
Product costs 537 401 1,116 719
Operating and maintenance expenses 389 394 757 785
Depreciation and amortization expenses 433 446 875 891
Selling, general, and administrative expenses 153 158 314 379
Impairment of certain assets 25 802 26 810
Other (income) expense – net 6 23 10 38
Total costs and expenses 1,543 2,224 3,098 3,622
Operating income (loss) 381 (488) 814 (226)
Equity earnings (losses) 125 101 232 198
Impairment of equity-method investments (Note 11) 0 0 0 (112)
Other investing income (loss) – net (Note 4) 2 18 274 36
Interest incurred (280) (306) (567) (612)
Interest capitalized 9 8 16 23
Other income (expense) – net 21 17 95 32
Income (loss) before income taxes 258 (650) 864 (661)
Provision (benefit) for income taxes 65 (145) 102 (143)
Net income (loss) 193 (505) 762 (518)
Less: Net income (loss) attributable to noncontrolling interests 112 (100) 308 (48)
Net income (loss) attributable to The Williams Companies, Inc. $ 81 $ (405) $ 454 $ (470)
Basic earnings (loss) per common share:        
Net income (loss) $ 0.10 $ (0.54) $ 0.55 $ (0.63)
Weighted-average shares (thousands) 826,426 750,649 825,492 750,491
Diluted earnings (loss) per common share:        
Net income (loss) $ 0.10 $ (0.54) $ 0.55 $ (0.63)
Weighted-average shares (thousands) 828,575 750,649 827,531 750,491
Cash dividends declared per common share $ 0.30 $ 0.64 $ 0.60 $ 1.28