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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax $ 8,604    
Service revenues - commodity consideration (Note 1) 400 $ 0 $ 0
Total revenues 8,686 8,031 7,499
Costs and expenses:      
Processing commodity expenses (Note 1) 137 0 0
Operating and maintenance expenses 1,507 1,576 1,592
Depreciation and amortization expenses 1,725 1,736 1,763
Selling, general, and administrative expenses 569 594 722
Impairment of certain assets (Note 17) 1,915 1,248 873
Gain on sale of certain assets (Note 3) (692) (1,095) 0
Regulatory Charges resulting From Tax Reform (Note 1) (17) 674 0
Other (income) expense – net 67 71 135
Total costs and expenses 7,918 7,104 6,810
Operating income (loss) 768 927 689
Equity earnings (losses) 396 434 397
Impairment of equity-method investments (Note 17) (32) 0 (430)
Other investing income (loss) – net 219 282 63
Interest incurred (1,160) (1,116) (1,217)
Interest capitalized 48 33 38
Other income (expense) – net 92 (25) 85
Income (loss) before income taxes 331 535 (375)
Provision (benefit) for income taxes 138 (1,974) (25)
Net income (loss) 193 2,509 (350)
Less: Net income (loss) attributable to noncontrolling interests 348 335 74
Amounts attributable to The Williams Companies, Inc.:      
Net income (loss) attributable to The Williams Companies, Inc. (155) 2,174 (424)
Preferred stock dividends (Note 15) 1 0 0
Net income (loss) available to common stockholders $ (156) $ 2,174 $ (424)
Basic earnings (loss) per common share:      
Net income (loss) $ (0.16) $ 2.63 $ (0.57)
Weighted-average shares (thousands) 973,626 826,177 750,673
Diluted earnings (loss) per common share:      
Net income (loss) $ (0.16) $ 2.62 $ (0.57)
Weighted-average shares (thousands) 973,626 [1] 828,518 750,673 [1]
Service [Member]      
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax $ 5,502 $ 5,312 $ 5,171
Product [Member]      
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax 2,784 2,719 2,328
Oil and Gas, Purchased [Member]      
Costs and expenses:      
Product costs $ 2,707 $ 2,300 $ 1,725
[1] For the years ended December 31, 2018 and December 31, 2016, 2.0 million and 0.6 million weighted-average nonvested restricted stock units, respectively, and 0.5 million and 0.5 million weighted-average stock options, respectively, have been excluded from the computation of diluted earnings (loss) per common share as their inclusion would be antidilutive due to our loss attributable to The Williams Companies, Inc.