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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,280   $ 6,423  
Service revenues – commodity consideration (Note 2) 121 $ 0 316 $ 0
Total revenues 2,303 1,891 6,482 5,803
Costs and expenses:        
Processing commodity expenses (Note 2) 30 0 91 0
Operating and maintenance expenses 389 403 1,134 1,166
Depreciation and amortization expenses 425 433 1,290 1,308
Selling, general, and administrative expenses 174 138 436 452
Gain on sale of Geismar Interest (Note 4) 0 (1,095) 0 (1,095)
Impairment of certain assets (Note 12) 0 1,210 66 1,236
Other (income) expense – net (6) 24 24 34
Total costs and expenses 1,802 1,617 5,080 4,721
Operating income (loss) 501 274 1,402 1,082
Equity earnings (losses) 105 115 279 347
Other investing income (loss) – net (Note 5) 2 4 74 278
Interest incurred (286) (275) (856) (842)
Interest capitalized 16 8 38 24
Other income (expense) – net 52 23 99 124
Income (loss) before income taxes 390 149 1,036 1,013
Provision (benefit) for income taxes 190 24 297 126
Net income (loss) 200 125 739 887
Less: Net income (loss) attributable to noncontrolling interests 71 92 323 400
Net income (loss) attributable to The Williams Companies, Inc. 129 33 416 487
Preferred stock dividends (Note 11) 0 0 0 0
Net income (loss) available to common stockholders $ 129 $ 33 $ 416 $ 487
Basic earnings (loss) per common share:        
Net income (loss) $ 0.13 $ 0.04 $ 0.47 $ 0.59
Weighted-average shares (thousands) 1,023,587 826,779 893,706 825,925
Diluted earnings (loss) per common share:        
Net income (loss) $ 0.13 $ 0.04 $ 0.46 $ 0.59
Weighted-average shares (thousands) 1,026,504 829,368 896,322 828,150
Cash dividends declared per common share $ 0.34 $ 0.30 $ 1.02 $ 0.9
Service [Member]        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,371 $ 1,310 $ 4,062 $ 3,853
Product [Member]        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 811 581 2,104 1,950
Oil and Gas, Purchased [Member]        
Costs and expenses:        
Product costs $ 790 $ 504 $ 2,039 $ 1,620