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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Revenues $ 1,999 $ 2,303 $ 6,094 $ 6,482
Costs and expenses:        
Operating and maintenance expenses 364 389 1,091 1,134
Depreciation and amortization expenses 435 425 1,275 1,290
Selling, general, and administrative expenses 130 174 410 436
Impairment of certain assets (Note 13) 0 0 76 66
Other (income) expense – net (11) (6) 30 24
Total costs and expenses 1,371 1,802 4,407 5,080
Operating income (loss) 628 501 1,687 1,402
Equity earnings (losses) 93 105 260 279
Other investing income (loss) – net (Note 5) (107) 2 (54) 74
Interest incurred (303) (286) (915) (856)
Interest capitalized 7 16 27 38
Other income (expense) – net 1 52 19 99
Income (loss) before income taxes 319 390 1,024 1,036
Provision (benefit) for income taxes 77 190 244 297
Net income (loss) 242 200 780 739
Less: Net income (loss) attributable to noncontrolling interests 21 71 54 323
Net income (loss) attributable to The Williams Companies, Inc. 221 129 726 416
Preferred stock dividends 1 0 2 0
Net income (loss) available to common stockholders $ 220 $ 129 $ 724 $ 416
Basic earnings (loss) per common share:        
Net income (loss) $ 0.18 $ 0.13 $ 0.60 $ 0.47
Weighted-average shares (thousands) 1,212,270 1,023,587 1,211,938 893,706
Diluted earnings (loss) per common share:        
Net income (loss) $ 0.18 $ 0.13 $ 0.60 $ 0.46
Weighted-average shares (thousands) 1,214,165 1,026,504 1,213,943 896,322
Service [Member]        
Revenues:        
Revenues $ 1,495 $ 1,371 $ 4,424 $ 4,062
NonRegulated Service Commodity Consideration [Member]        
Revenues:        
Revenues 38 121 158 316
Product [Member]        
Revenues:        
Revenues 466 811 1,512 2,104
Oil and Gas, Purchased [Member]        
Costs and expenses:        
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization 434 790 1,442 2,039
Natural Gas Purchased For Shrink [Member]        
Costs and expenses:        
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $ 19 $ 30 $ 83 $ 91