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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,034 $ 2,068
Service revenues – commodity consideration 64 101
Total revenues 2,054 2,088
Costs and expenses:    
Processing commodity expenses 40 35
Operating and maintenance expenses 340 357
Depreciation and amortization expenses 416 431
Selling, general, and administrative expenses 128 132
Other (income) expense – net 44 29
Total costs and expenses 1,493 1,597
Operating income (loss) 561 491
Equity earnings (losses) 80 82
Impairment of equity-method investments (Note 2) (74) 0
Other investing income (loss) – net 1 4
Interest incurred (306) (282)
Interest capitalized 10 9
Other income (expense) – net 11 21
Income (loss) before income taxes 283 325
Provision (benefit) for income taxes 69 55
Net income (loss) 214 270
Less: Net income (loss) attributable to noncontrolling interests 19 118
Net income (loss) attributable to The Williams Companies, Inc. 195 152
Preferred stock dividends 1 0
Net income (loss) available to common stockholders $ 194 $ 152
Basic earnings (loss) per common share:    
Net income (loss) $ 0.16 $ 0.18
Weighted-average shares (thousands) 1,211,489 827,509
Diluted earnings (loss) per common share:    
Net income (loss) $ 0.16 $ 0.18
Weighted-average shares (thousands) 1,213,592 830,197
Service [Member]    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,440 $ 1,351
Product [Member]    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax 550 636
Oil and Gas, Purchased [Member]    
Costs and expenses:    
Product costs $ 525 $ 613