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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Revenues $ 1,933 $ 1,999 $ 5,627 $ 6,094
Costs and expenses:        
Operating and maintenance expenses 336 364 993 1,091
Depreciation and amortization expenses 426 435 1,285 1,275
Selling, general, and administrative expenses 114 130 354 410
Impairment of certain assets (Note 12) 0 0 0 76
Impairment of goodwill (Note 12) 0 0 187 0
Other (income) expense – net 15 (11) 28 30
Total costs and expenses 1,292 1,371 3,943 4,407
Operating income (loss) 641 628 1,684 1,687
Equity earnings (losses) (Note 5) 106 93 236 260
Impairment of equity-method investments (Note 12) 0 (114) (938) (186)
Other investing income (loss) – net (Note 5) 2 7 6 132
Interest incurred (298) (303) (898) (915)
Interest capitalized 6 7 16 27
Other income (expense) – net (23) 1 (14) 19
Income (loss) before income taxes 434 319 92 1,024
Provision (benefit) for income taxes 111 77 24 244
Net income (loss) 323 242 68 780
Less: Net income (loss) attributable to noncontrolling interests 14 21 (27) 54
Net income (loss) attributable to The Williams Companies, Inc. 309 221 95 726
Preferred stock dividends 1 1 2 2
Net income (loss) available to common stockholders $ 308 $ 220 $ 93 $ 724
Basic earnings (loss) per common share:        
Net income (loss) $ 0.25 $ 0.18 $ 0.08 $ 0.60
Weighted-average shares (thousands) 1,213,912 1,212,270 1,213,512 1,211,938
Diluted earnings (loss) per common share:        
Net income (loss) $ 0.25 $ 0.18 $ 0.08 $ 0.60
Weighted-average shares (thousands) 1,215,335 1,214,165 1,214,757 1,213,943
Service [Member]        
Revenues:        
Revenues $ 1,479 $ 1,495 $ 4,399 $ 4,424
NonRegulated Service Commodity Consideration [Member]        
Revenues:        
Revenues 40 38 93 158
Product [Member]        
Revenues:        
Revenues 414 466 1,135 1,512
Oil and Gas, Purchased [Member]        
Costs and expenses:        
Product costs 380 434 1,047 1,442
Natural Gas Purchased For Shrink [Member]        
Costs and expenses:        
Product costs $ 21 $ 19 $ 49 $ 83