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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Revenues $ 10,627 $ 7,719 $ 8,201
Costs and expenses:      
Operating and maintenance expenses 1,548 1,326 1,468
Depreciation and amortization expenses 1,842 1,721 1,714
Selling, general, and administrative expenses 558 466 558
Impairment of certain assets (Note 17) 2 182 464
Impairment of goodwill (Note 17) 0 187 0
Other (income) expense – net 14 22 10
Total costs and expenses 7,996 5,517 6,280
Operating income (loss) 2,631 2,202 1,921
Equity earnings (losses) (Note 9) 608 328 375
Impairment of equity-method investments (Note 17) 0 (1,046) (186)
Other investing income (loss) – net (Note 9) 7 8 107
Interest incurred (1,190) (1,192) (1,218)
Interest capitalized 11 20 32
Other income (expense) – net 6 (43) 33
Income (loss) from continuing operations before income taxes 2,073 277 1,064
Less: Provision (benefit) for income taxes 511 79 335
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 1,562 198 729
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 0 (15)
Net income (loss) 1,562 198 714
Less: Net income (loss) attributable to noncontrolling interests 45 (13) (136)
Amounts attributable to The Williams Companies, Inc. available to common stockholders:      
Net income (loss) attributable to The Williams Companies, Inc. 1,517 211 850
Less: Preferred stock dividends 3 3 3
Net income (loss) available to common stockholders 1,514 208 847
Income (loss) from continuing operations available to common stockholders $ 1,514 $ 208 $ 862
Basic earnings (loss) per common share:      
Basic $ 1.25 $ 0.17 $ 0.71
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 0 (0.01)
Net income (loss) $ 1.25 $ 0.17 $ 0.70
Weighted-average shares (thousands) 1,215,221 1,213,631 1,212,037
Diluted earnings (loss) per common share:      
Diluted $ 1.24 $ 0.17 $ 0.71
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0 0 (0.01)
Net income (loss) $ 1.24 $ 0.17 $ 0.70
Weighted-average shares (thousands) 1,218,215 1,215,165 1,214,011
Service [Member]      
Revenues:      
Revenues $ 6,001 $ 5,924 $ 5,933
NonRegulated Service Commodity Consideration [Member]      
Revenues:      
Revenues 238 129 203
Product [Member]      
Revenues:      
Revenues 4,536 1,671 2,063
Energy Commodities and Service      
Revenues:      
Revenues [1] (148) (5) 2
Oil and Gas, Purchased [Member]      
Costs and expenses:      
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization 3,931 1,545 1,961
Natural Gas Purchased For Shrink [Member]      
Costs and expenses:      
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $ 101 $ 68 $ 105
[1] We record transactions that qualify as derivatives at fair value with changes in fair value recognized in earnings in the period of change and characterized as unrealized gains or losses. Gains and losses on derivatives held for energy trading purposes are presented on a net basis in revenue.