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Consolidated Statement of Income - Williams - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Revenues $ 10,503 $ 10,907 $ 10,965
Costs and expenses:      
Operating and maintenance expenses 2,179 1,984 1,817
Depreciation and amortization expenses 2,219 2,071 2,009
Selling, general, and administrative expenses 708 665 636
Gain on sale of business (Note 3) 0 (129) 0
Other (income) expense – net (60) (30) 28
Total costs and expenses 7,164 6,596 7,947
Operating income (loss) 3,339 4,311 3,018
Equity earnings (losses) 560 589 637
Other investing income (loss) – net 343 108 16
Interest Expense, Nonoperating (1,364) (1,236) (1,147)
Gain (Loss) Related to Litigation Settlement 0 534 0
Other income (expense) – net 108 99 18
Income (loss) before income taxes 2,986 4,405 2,542
Less: Provision (benefit) for income taxes 640 1,005 425
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 2,346 3,400 2,117
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 (97) 0
Net income (loss) 2,346 3,303 2,117
Less: Net income (loss) attributable to noncontrolling interests 121 124 68
Net income (loss) attributable to The Williams Companies, Inc. 2,225 3,179 2,049
Less: Preferred stock dividends 3 3 3
Net income (loss) available to common stockholders 2,222 3,176 2,046
Amounts attributable to The Williams Companies, Inc. available to common stockholders:      
Income (loss) from continuing operations 2,222 3,273 2,046
Income (loss) from discontinued operations (Note 1) $ 0 $ (97) $ 0
Basic earnings (loss) per common share:      
Income (Loss) from Continuing Operations, Per Basic Share $ 1.82 $ 2.69 $ 1.68
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 (0.08) 0
Net income (loss) available to common stockholders - Basic $ 1.82 $ 2.61 $ 1.68
Weighted Average Number of Shares Outstanding, Basic 1,219,184 1,217,784 1,218,362
Diluted earnings (loss) per common share:      
Income (Loss) from Continuing Operations, Per Diluted Share $ 1.82 $ 2.68 $ 1.67
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0 (0.08) 0
Net income (loss) available to common stockholders - Diluted $ 1.82 $ 2.60 $ 1.67
Weighted Average Number of Shares Outstanding, Diluted 1,222,954 1,222,715 1,222,672
Service [Member]      
Revenues:      
Revenues $ 7,628 $ 7,026 $ 6,536
NonRegulated Service Commodity Consideration [Member]      
Revenues:      
Revenues 134 146 260
Product [Member]      
Revenues:      
Revenues 2,991 2,779 4,556
Energy Commodities and Service      
Revenues:      
Revenues (250) 956 (387)
Oil and Gas, Purchased [Member]      
Costs and expenses:      
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization 2,075 1,884 3,369
Natural Gas Purchased For Shrink [Member]      
Costs and expenses:      
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $ 43 $ 151 $ 88