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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Revenues $ 10,965 $ 10,627 $ 7,719
Costs and expenses:      
Operating and maintenance expenses 1,817 1,548 1,326
Depreciation and amortization expenses 2,009 1,842 1,721
Selling, general, and administrative expenses 636 558 466
Impairment of certain assets (Note 15) 0 2 182
Impairment of goodwill (Note 15) 0 0 187
Other (income) expense – net 28 14 22
Total costs and expenses 7,947 7,996 5,517
Operating income (loss) 3,018 2,631 2,202
Equity earnings (losses) (Note 8) 637 608 328
Impairment of equity-method investments (Note 15) 0 0 (1,046)
Other investing income (loss) – net 16 7 8
Interest incurred (1,167) (1,190) (1,192)
Interest capitalized 20 11 20
Other income (expense) – net 18 6 (43)
Income (loss) before income taxes 2,542 2,073 277
Less: Provision (benefit) for income taxes 425 511 79
Net income (loss) 2,117 1,562 198
Less: Net income (loss) attributable to noncontrolling interests 68 45 (13)
Amounts attributable to The Williams Companies, Inc. available to common stockholders:      
Net income (loss) attributable to The Williams Companies, Inc. 2,049 1,517 211
Less: Preferred stock dividends 3 3 3
Net income (loss) available to common stockholders $ 2,046 $ 1,514 $ 208
Basic earnings (loss) per common share:      
Net income (loss) $ 1.68 $ 1.25 $ 0.17
Weighted-average shares (thousands) 1,218,362 1,215,221 1,213,631
Diluted earnings (loss) per common share:      
Net income (loss) $ 1.67 $ 1.24 $ 0.17
Weighted-average shares (thousands) 1,222,672 1,218,215 1,215,165
Service [Member]      
Revenues:      
Revenues $ 6,536 $ 6,001 $ 5,924
NonRegulated Service Commodity Consideration [Member]      
Revenues:      
Revenues 260 238 129
Product [Member]      
Revenues:      
Revenues 4,556 4,536 1,671
Energy Commodities and Service      
Revenues:      
Revenues [1] (387) (148) (5)
Oil and Gas, Purchased [Member]      
Costs and expenses:      
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization 3,369 3,931 1,545
Natural Gas Purchased For Shrink [Member]      
Costs and expenses:      
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $ 88 $ 101 $ 68
[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.