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Acquisitions and Divestitures (Tables)
3 Months Ended
Mar. 31, 2025
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information [Table Text Block]
The following pro forma Revenues and Net income (loss) attributable to The Williams Companies, Inc. for the three months ended March 31, 2024, are presented as if the Crowheart Acquisition and Discovery Acquisition had been completed on January 1, 2023. These pro forma amounts are not necessarily indicative of what the actual results would have been if the acquisitions had in fact occurred on the dates or for the periods indicated, nor do they purport to project Revenues or Net income (loss) attributable to The Williams Companies, Inc. for any future periods or as of any date. These amounts do not give effect to any potential cost savings, operating synergies, or revenue enhancements to result from the transactions or the potential costs to achieve these cost savings, operating synergies, and revenue enhancements.
Three Months Ended March 31, 2024
As Reported
Pro Forma Crowheart
Pro Forma Discovery
Pro Forma Combined
(Millions)
Revenues$2,771 $21 $25 $2,817 
Net income (loss) attributable to The Williams Companies, Inc.632 (3)635 
Crowheart Acquisition  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table presents the preliminary allocation of the acquisition date fair value of the major classes of the assets acquired and liabilities assumed at November 1, 2024. The allocation is considered preliminary because the valuation work has not been completed due to the ongoing review of the valuation results and validation of significant inputs and assumptions. Preliminary fair value measurements were made for certain acquired assets and liabilities, primarily property, plant, and equipment, which utilized the income approach for proved developed producing reserves and the market approach for undeveloped reserves; however, adjustments to those measurements may be made in subsequent periods, up to one year from the acquisition date, as new information related to facts and circumstances as of the acquisition date may be identified.
(Millions)
Cash and cash equivalents$94 
Other current assets
15 
Property, plant, and equipment – net401 
Other noncurrent assets
Total assets acquired512 
Current liabilities
(45)
Noncurrent liabilities
(115)
Total liabilities assumed(160)
Net assets acquired
$352 
Discovery Acquisition  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table presents the preliminary allocation of the acquisition date fair value of the major classes of the assets acquired and liabilities assumed at August 1, 2024. The allocation is considered preliminary because the valuation work has not been completed due to the ongoing review of the valuation results and validation of significant inputs and assumptions. Preliminary fair value measurements were made for certain acquired assets and liabilities, primarily property, plant, and equipment, which utilized the cost approach; however, adjustments to those measurements may be made in subsequent periods, up to one year from the acquisition date, as new information related to facts and circumstances as of the acquisition date may be identified.
(Millions)
Cash and cash equivalents$22 
Other current assets19 
Property, plant, and equipment – net941 
Other noncurrent assets39 
Total assets acquired
1,021 
Current liabilities(40)
Noncurrent liabilities
(296)
Total liabilities assumed(336)
Net assets acquired$685 
Gulf Coast Storage Acquisition  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table presents the allocation of the acquisition date fair value of the major classes of the assets acquired and liabilities assumed at January 3, 2024.
(Millions)
Cash and cash equivalents$46 
Other current assets18 
Property, plant, and equipment – net2,035 
Other noncurrent assets
Total assets acquired
2,101 
Current liabilities(11)
Noncurrent liabilities
(107)
Total liabilities assumed(118)
Net assets acquired$1,983