Consolidated Statement of Income (Unaudited) - USD ($) shares in Thousands, $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Revenues:
Revenues		$ 2,524	$ 2,612
Costs and expenses:
Operating and maintenance expenses		394	360
Depreciation and amortization expenses		498	438
Selling, general, and administrative expenses		154	123
Other (income) expense – net		(9)	(1)
Total costs and expenses		1,870	1,873
Operating income (loss)		654	739
Equity earnings (losses)		136	131
Other investing income (loss) – net		1	2
Interest incurred		(289)	(296)
Interest capitalized		3	2
Other income (expense) – net		5	(2)
Income (loss) before income taxes		510	576
Less: Provision (benefit) for income taxes		118	141
Net income (loss)		392	435
Less: Net income (loss) attributable to noncontrolling interests		12	9
Net income (loss) attributable to The Williams Companies, Inc.		380	426
Less: Preferred stock dividends		1	1
Net income (loss) available to common stockholders		$ 379	$ 425
Basic earnings (loss) per common share:
Net income (loss)		$ 0.31	$ 0.35
Weighted-average shares (thousands)		1,216,940	1,214,646
Diluted earnings (loss) per common share:
Net income (loss)		$ 0.31	$ 0.35
Weighted-average shares (thousands)		1,221,279	1,217,211
Service [Member]
Revenues:
Revenues		$ 1,537	$ 1,452
NonRegulated Service Commodity Consideration [Member]
Revenues:
Revenues		77	49
Product [Member]
Revenues:
Revenues		1,104	1,147
Energy Commodities and Service
Revenues:
Revenues	[1]	(194)	(36)
Oil and Gas, Purchased [Member]
Costs and expenses:
Product costs		803	932
Natural Gas Purchased For Shrink [Member]
Costs and expenses:
Product costs		$ 30	$ 21

[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.