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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Service revenues $ 1,310 $ 1,247 $ 3,853 $ 3,678
Product sales 581 658 1,950 1,623
Total revenues 1,891 1,905 5,803 5,301
Costs and expenses:        
Product costs 504 461 1,620 1,180
Operating and maintenance expenses 400 394 1,157 1,179
Depreciation and amortization expenses 433 435 1,308 1,326
Selling, general, and administrative expenses 138 177 452 556
Gain on sale of Geismar Interest (Note 3) (1,095) 0 (1,095) 0
Impairment of certain assets (Note 11) 1,210 1 1,236 811
Other (income) expense – net 24 92 34 130
Total costs and expenses 1,614 1,560 4,712 5,182
Operating income (loss) 277 345 1,091 119
Equity earnings (losses) 115 104 347 302
Impairment of equity-method investments (Note 11) 0 0 0 (112)
Other investing income (loss) – net (Note 4) 4 28 278 64
Interest incurred (275) (304) (842) (916)
Interest capitalized 8 7 24 30
Other income (expense) – net 20 20 115 52
Income (loss) before income taxes 149 200 1,013 (461)
Provision (benefit) for income taxes 24 69 126 (74)
Net income (loss) 125 131 887 (387)
Less: Net income (loss) attributable to noncontrolling interests 92 70 400 22
Net income (loss) attributable to The Williams Companies, Inc. $ 33 $ 61 $ 487 $ (409)
Basic earnings (loss) per common share:        
Net income (loss) $ 0.04 $ 0.08 $ 0.59 $ (0.55)
Weighted-average shares (thousands) 826,779 750,754 825,925 750,579
Diluted earnings (loss) per common share:        
Net income (loss) $ 0.04 $ 0.08 $ 0.59 $ (0.55)
Weighted-average shares (thousands) 829,368 751,858 828,150 750,579
Cash dividends declared per common share $ 0.30 $ 0.20 $ 0.90 $ 1.48