Other Income and Expenses

9 Months Ended

Sep. 30, 2019

Other Income and Expenses [Abstract]

Other Income and Expenses [Text Block]

Note 6 – Other Income and Expenses

The following table presents, by segment, certain other items included in our Consolidated Statement of Income:

	Three Months Ended   September 30,						Nine Months Ended   September 30,
	2019			2018			2019			2018
	(Millions)
Selling, general, and administrative expenses
Other
Charitable contribution of preferred stock to The Williams Companies Foundation, Inc. (see Note 12)	$	—		$	35		$	—		$	35
WPZ Merger costs	—			15			—			19
Other (income) expense – net within Costs and expenses
Atlantic-Gulf
Amortization of regulatory assets associated with asset retirement obligations	1			8			17			24
Net accrual (amortization) of regulatory liability related to overcollection of certain employee expenses	(9		)	5			(11		)	16
Adjustments to regulatory liabilities related to tax reform	—			—			—			(10		)
Amortization of regulatory liability associated with tax reform	(12		)	—			(19		)	—
Reversal of expenditures previously capitalized	—			—			10			—
Gain on asset retirement	—			(10		)	—			(10		)
West
Adjustments to regulatory liabilities related to tax reform	—			—			—			(7		)
Regulatory charge per approved rates related to tax reform	6			6			18			18
Charge for regulatory liability associated with the decrease in Northwest Pipeline’s estimated deferred state income tax rates following WPZ Merger	—			12			—			12
Other
Change to (benefit of) regulatory asset associated with Transco’s estimated deferred state income tax rate following WPZ Merger	—			(37		)	12			(37		)
Other income (expense) – net below Operating income (loss)
Atlantic-Gulf
Allowance for equity funds used during construction	9			32			21			78
Other
Income associated with a regulatory asset related to deferred taxes on equity funds used during construction	3			19			7			28
Net loss associated with early retirement of debt	—			—			—			(7		)

In conjunction with a previously announced organizational realignment and considering asset sales in recent years, we are evaluating our cost structure and have implemented a voluntary separation program (VSP) for certain eligible employees. Operating and maintenance expenses for the three and nine months ended September 30, 2019, reflect charges of $7 million and $30 million, respectively, and Selling, general, and administrative expenses for the three and

nine months ended September 30, 2019, reflect charges of $3 million and $23 million, respectively, for estimated severance and related costs, primarily associated with the VSP. The severance and related costs by segment are as follows:

	Three Months Ended September 30,			Nine Months Ended September 30,
	2019
	(Millions)
Northeast G&P	$	(3	)	$	7
Atlantic-Gulf	11			30
West	2			16
Total	$	10		$	53