XML 16 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Service revenues $ 1,351 $ 1,261
Service revenues – commodity consideration (Note 2) 101 0
Product sales 636 727
Total revenues 2,088 1,988
Costs and expenses:    
Product costs 613 579
Processing commodity expenses (Note 2) 35 0
Operating and maintenance expenses 357 371
Depreciation and amortization expenses 431 442
Selling, general, and administrative expenses 132 161
Other (income) expense – net 29 5
Total costs and expenses 1,597 1,558
Operating income (loss) 491 430
Equity earnings (losses) 82 107
Other investing income (loss) – net (Note 4) 4 272
Interest incurred (282) (287)
Interest capitalized 9 7
Other income (expense) – net 21 77
Income (loss) before income taxes 325 606
Provision (benefit) for income taxes 55 37
Net income (loss) 270 569
Less: Net income (loss) attributable to noncontrolling interests 118 196
Net income (loss) attributable to The Williams Companies, Inc. $ 152 $ 373
Basic earnings (loss) per common share:    
Net income (loss) $ 0.18 $ 0.45
Weighted-average shares (thousands) 827,509 824,548
Diluted earnings (loss) per common share:    
Net income (loss) $ 0.18 $ 0.45
Weighted-average shares (thousands) 830,197 826,476
Cash dividends declared per common share $ 0.34 $ 0.30