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Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue Recognition [Abstract]  
Disaggregation of Revenue [Table Text Block]
The following table presents Williams’ revenue disaggregated by major service line:
Transmission & Gulf of AmericaNortheast G&PWestGas & NGL Marketing ServicesOtherEliminationsTotal
(Millions)
Three Months Ended March 31, 2025
Revenues from contracts with customers:
Service revenues:
Regulated interstate natural gas transportation and storage$920 $— $— $— $— $(20)$900 
Gathering, processing, transportation, fractionation, and storage:
Monetary consideration192 462 430 — — (45)1,039 
Commodity consideration23 1 25 — — — 49 
Other17 24 7 — — (5)43 
Total service revenues1,152 487 462 — — (70)2,031 
Product sales115 57 264 2,056 155 (491)2,156 
Total revenues from contracts with customers1,267 544 726 2,056 155 (561)4,187 
Other revenues (1)5 11 (1)1,100 (27)(1)1,087 
Other adjustments (2)— — — (2,445)— 219 (2,226)
Total revenues$1,272 $555 $725 $711 $128 $(343)$3,048 
Three Months Ended March 31, 2024
Revenues from contracts with customers:
Service revenues:
Regulated interstate natural gas transportation and storage$880 $— $— $— $— $(21)$859 
Gathering, processing, transportation, fractionation, and storage:
Monetary consideration145 444 430 — — (38)981 
Commodity consideration9 5 16 — — — 30 
Other13 24 6 — — (5)38 
Total service revenues1,047 473 452 — — (64)1,908 
Product sales61 25 248 1,306 108 (317)1,431 
Total revenues from contracts with customers1,108 498 700 1,306 108 (381)3,339 
Other revenues (1)11 11 1 833 12 — 868 
Other adjustments (2)— — — (1,569)— 133 (1,436)
Total revenues$1,119 $509 $701 $570 $120 $(248)$2,771 
______________________________
(1)Revenues not derived from contracts with customers primarily consist of physical product sales related to commodity derivative contracts, realized and unrealized gains and losses associated with Williams’ commodity derivative contracts, which are reported in Net gain (loss) from commodity derivatives in the Consolidated Statement of Income, management fees received for certain services provided to operated equity-method investments, and leasing revenues associated with the Williams headquarters building.
(2)Other adjustments reflect certain costs of Gas & NGL Marketing Services’ risk management activities. As Williams is acting as agent for natural gas marketing customers or engages in energy trading activities, the resulting revenues are presented net of the related costs of those activities in the Consolidated Statement of Income.
Contract with Customer, Asset and Liability [Table Text Block]
The following table presents a reconciliation of contract assets:
Three Months Ended March 31,
WilliamsTranscoNWP
202520242025202420252024
(Millions)
Balance at beginning of period$98 $36 $10 $— $21 $17 
Revenue recognized in excess of amounts invoiced30 41 4 — 2 1 
Minimum volume commitments invoiced(23)(27)— — — — 
Amortization of contract assets(1)— — — (1)— 
Balance at end of period$104 $50 $14 $— $22 $18 
Contract Liabilities
The following table presents a reconciliation of contract liabilities:
Three Months Ended March 31,
WilliamsTranscoNWP
202520242025202420252024
(Millions)
Balance at beginning of period$1,046 $1,081 $173 $184 $— $2 
Payments received and deferred34 42 — — — — 
Significant financing component2 2 — — — — 
Recognized in revenue(66)(72)(2)(3)— (1)
Balance at end of period$1,016 $1,053 $171 $181 $— $1 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]
The following tables present the amount of the contract liabilities balance expected to be recognized as revenue when performance obligations are satisfied and the transaction price allocated to the remaining performance obligations under certain contracts as of March 31, 2025.
Contract Liabilities
WilliamsTranscoNWP
(Millions)
2025 (nine months)
$123 $8 $— 
2026 (one year)
152 10 — 
2027 (one year)
147 11 — 
2028 (one year)
125 11 — 
2029 (one year)
91 11 — 
Thereafter
378 120 — 
   Total$1,016 $171 $— 
Remaining Performance Obligations
WilliamsTranscoNWP
(Millions)
2025 (nine months)
$3,275 $2,207 $293 
2026 (one year)
4,174 2,758 394 
2027 (one year)
3,923 2,632 376 
2028 (one year)
3,098 2,018 367 
2029 (one year)
2,698 1,764 348 
Thereafter
14,887 11,160 2,229 
   Total$32,055 $22,539 $4,007 
Contract With Customer Accounts Receivable
The following is a summary of Williams’ Trade accounts and other receivables:
March 31, 2025December 31, 2024
(Millions)
Accounts receivable related to revenues from contracts with customers$1,392 $1,494 
Receivables from derivatives347 294 
Other accounts receivable42 75 
Trade accounts and other receivables$1,781 $1,863