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Consolidated Statement of Cash Flows - Williams - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:      
Net income (loss) $ 2,346 $ 3,303 $ 2,117
Adjustments to reconcile to net cash provided (used) by operating activities:      
Depreciation and amortization 2,219 2,071 2,009
Provision (benefit) for deferred income taxes 506 951 431
Equity (earnings) losses (560) (589) (637)
Distributions from equity-method investees (Note 8) 789 796 865
Net unrealized (gain) loss from commodity derivative instruments 367 (660) 249
Gain on sale of business (Note 3) 0 (129) 0
Gain on disposition of equity-method investments (Note 8) (149) 0 0
Gain on remeasurement of equity-method investments (Note 3) (127) (30) 0
Inventory write-downs 10 30 161
Amortization of stock-based awards 99 77 73
Cash provided (used) by changes in current assets and liabilities:      
Accounts receivable (169) 1,089 (733)
Inventories (9) 13 (110)
Other current assets and deferred charges 9 60 (33)
Accounts payable 139 (1,009) 410
Other current liabilities 35 (19) 209
Changes in current and noncurrent commodity derivative assets and liabilities (286) 200 94
Other, including changes in noncurrent assets and liabilities (245) (216) (216)
Net cash provided (used) by operating activities 4,974 5,938 4,889
FINANCING ACTIVITIES:      
Proceeds from (payments of) commercial paper – net (269) 372 345
Proceeds from long-term debt 3,594 2,755 1,755
Payments of long-term debt (2,946) (634) (2,876)
Payments for debt issuance costs (32) (23) (17)
Proceeds from issuance of common stock 10 6 54
Purchases of treasury stock 0 (130) (9)
Common dividends paid (2,316) (2,179) (2,071)
Dividends and distributions paid to noncontrolling interests (242) (213) (204)
Contributions from noncontrolling interests 36 18 18
Other – net (36) (21) (37)
Net cash provided (used) by financing activities (2,201) (49) (3,042)
INVESTING ACTIVITIES:      
Capital expenditures (1) (2,573) (2,516) (2,253)
Dispositions – net (105) (51) (30)
Proceeds from sale of business (Note 3) 0 346 0
Purchases of businesses, net of cash acquired (Note 3) (2,244) (1,568) (933)
Proceeds from dispositions of equity-method investments (Note 8) 161 0 0
Purchases of and contributions to equity-method investments (Note 8) (114) (141) (166)
Other – net 12 39 7
Net cash provided (used) by investing activities (4,863) (3,891) (3,375)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (2,090) 1,998 (1,528)
Cash and cash equivalents at beginning of year 2,150 152 1,680
Cash and cash equivalents at end of year 60 2,150 152
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]      
(1)  Increases to property, plant, and equipment (2,581) (2,564) (2,394)
Changes in related accounts payable and accrued liabilities 8 48 141
Capital expenditures $ (2,573) $ (2,516) $ (2,253)