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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Service revenues $ 5,312 $ 5,171 $ 5,164
Product sales 2,719 2,328 2,196
Total revenues 8,031 7,499 7,360
Costs and expenses:      
Product costs 2,300 1,725 1,779
Operating and maintenance expenses 1,585 1,580 1,655
Depreciation and amortization expenses 1,736 1,763 1,738
Selling, general, and administrative expenses 608 723 741
Impairment of goodwill (Note 16) 0 0 1,098
Impairment of certain assets (Note 16) 1,248 873 209
Gain on sale of Geismar Interest (Note 2) (1,095) 0 0
Regulatory Charges In Operating Expense Resulting From Tax Reform 674 0 0
Insurance recoveries – Geismar Incident (9) (7) (126)
Other (income) expense – net 80 142 40
Total costs and expenses 7,127 6,799 7,134
Operating income (loss) 904 700 226
Equity earnings (losses) 434 397 335
Impairment of equity-method investments (Note 16) 0 (430) (1,359)
Other investing income (loss) – net 282 63 27
Interest incurred (1,116) (1,217) (1,118)
Interest capitalized 33 38 74
Other income (expense) – net (2) 74 102
Income (loss) before income taxes 535 (375) (1,713)
Provision (benefit) for income taxes (1,974) (25) (399)
Net income (loss) 2,509 (350) (1,314)
Less: Net income (loss) attributable to noncontrolling interests 335 74 (743)
Amounts attributable to The Williams Companies, Inc.:      
Net income (loss) attributable to The Williams Companies, Inc. $ 2,174 $ (424) $ (571)
Basic earnings (loss) per common share:      
Net income (loss) $ 2.63 $ (0.57) $ (0.76)
Weighted-average shares (thousands) 826,177 750,673 749,271
Diluted earnings (loss) per common share:      
Net income (loss) $ 2.62 $ (0.57) $ (0.76)
Weighted-average shares (thousands) 828,518 750,673 [1] 749,271 [1]
[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.