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Revenue Recognition (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue Recognition [Abstract]  
Disaggregation of Revenue [Table Text Block]
The following tables present Williams’ revenue disaggregated by major service line:
Transmission & Gulf of AmericaNortheast G&PWestGas & NGL Marketing ServicesOtherEliminationsTotal
(Millions)
Three Months Ended June 30, 2025
Revenues from contracts with customers:
Service revenues:
Regulated interstate natural gas transportation and storage$927 $— $— $— $— $(21)$906 
Gathering, processing, transportation, fractionation, and storage:
Monetary consideration226 460 441 — — (55)1,072 
Commodity consideration28 — 19 — — — 47 
Other13 25 5 — — (5)38 
Total service revenues1,194 485 465 — — (81)2,063 
Product sales108 44 210 1,213 137 (397)1,315 
Total revenues from contracts with customers1,302 529 675 1,213 137 (478)3,378 
Other revenues (1)10 12 1 596 53 (1)671 
Other adjustments (2)— — — (1,420)— 152 (1,268)
Total revenues$1,312 $541 $676 $389 $190 $(327)$2,781 
Three Months Ended June 30, 2024
Revenues from contracts with customers:
Service revenues:
Regulated interstate natural gas transportation and storage$846 $— $— $— $— $(20)$826 
Gathering, processing, transportation, fractionation, and storage:
Monetary consideration158 431 401 — — (37)953 
Commodity consideration5 (5)18 — — — 18 
Other11 23 5 — — (4)35 
Total service revenues1,020 449 424 — — (61)1,832 
Product sales40 23 191 922 86 (247)1,015 
Total revenues from contracts with customers1,060 472 615 922 86 (308)2,847 
Other revenues (1)8 11 6 337 2 (1)363 
Other adjustments (2)— — — (968)— 94 (874)
Total revenues$1,068 $483 $621 $291 $88 $(215)$2,336 
Transmission & Gulf of AmericaNortheast G&PWestGas & NGL Marketing ServicesOtherEliminationsTotal
(Millions)
Six Months Ended June 30, 2025
Revenues from contracts with customers:
Service revenues:
Regulated interstate natural gas transportation and storage$1,847 $— $— $— $— $(41)$1,806 
Gathering, processing, transportation, fractionation, and storage:
Monetary consideration418 922 871 — — (100)2,111 
Commodity consideration51 1 44 — — — 96 
Other30 49 12 — — (10)81 
Total service revenues2,346 972 927 — — (151)4,094 
Product sales223 101 474 3,269 292 (888)3,471 
Total revenues from contracts with customers2,569 1,073 1,401 3,269 292 (1,039)7,565 
Other revenues (1)15 23 — 1,696 26 (2)1,758 
Other adjustments (2)— — — (3,865)— 371 (3,494)
Total revenues$2,584 $1,096 $1,401 $1,100 $318 $(670)$5,829 
Six Months Ended June 30, 2024
Revenues from contracts with customers:
Service revenues:
Regulated interstate natural gas transportation and storage$1,726 $— $— $— $— $(41)$1,685 
Gathering, processing, transportation, fractionation, and storage:
Monetary consideration303 875 831 — — (75)1,934 
Commodity consideration14 — 34 — — — 48 
Other24 47 11 — — (9)73 
Total service revenues2,067 922 876 — — (125)3,740 
Product sales101 48 439 2,228 194 (564)2,446 
Total revenues from contracts with customers2,168 970 1,315 2,228 194 (689)6,186 
Other revenues (1)19 22 7 1,170 14 (1)1,231 
Other adjustments (2)— — — (2,537)— 227 (2,310)
Total revenues$2,187 $992 $1,322 $861 $208 $(463)$5,107 
______________
(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 tables present a reconciliation of contract assets:
Three Months Ended June 30,
WilliamsTranscoNWP
202520242025202420252024
(Millions)
Balance at beginning of period$104 $50 $14 $— $22 $18 
Revenue recognized in excess of amounts invoiced28 40 — 3 1 1 
Minimum volume commitments invoiced(30)(23)(1)— — — 
Balance at end of period$102 $67 $13 $3 $23 $19 
Six Months Ended June 30,
WilliamsTranscoNWP
202520242025202420252024
(Millions)
Balance at beginning of period$98 $36 $10 $— $21 $17 
Revenue recognized in excess of amounts invoiced58 81 4 3 3 2 
Minimum volume commitments invoiced(53)(50)(1)— — — 
Amortization of contract assets(1)— — — (1)— 
Balance at end of period$102 $67 $13 $3 $23 $19 
Contract Liabilities
The following tables present a reconciliation of contract liabilities:
Three Months Ended June 30,
WilliamsTranscoNWP
202520242025202420252024
(Millions)
Balance at beginning of period$1,016 $1,053 $171 $181 $— $1 
Payments received and deferred86 75 — — — — 
Other additions23 — — — — — 
Significant financing component2 2 — — — — 
Recognized in revenue(73)(66)(3)(2)— — 
Balance at end of period$1,054 $1,064 $168 $179 $— $1 
Six Months Ended June 30,
WilliamsTranscoNWP
202520242025202420252024
(Millions)
Balance at beginning of period$1,046 $1,081 $173 $184 $— $2 
Payments received and deferred120 117 — — — — 
Other additions23 — — — — — 
Significant financing component4 4 — — — — 
Recognized in revenue(139)(138)(5)(5)— (1)
Balance at end of period$1,054 $1,064 $168 $179 $— $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 June 30, 2025.
Contract Liabilities
WilliamsTranscoNWP
(Millions)
2025 (six months)
$120 $5 $— 
2026 (one year)
171 10 — 
2027 (one year)
152 11 — 
2028 (one year)
130 11 — 
2029 (one year)
93 11 — 
Thereafter
388 120 — 
   Total$1,054 $168 $— 
Remaining Performance Obligations
WilliamsTranscoNWP
(Millions)
2025 (six months)
$2,184 $1,483 $197 
2026 (one year)
4,348 2,819 399 
2027 (one year)
4,069 2,655 380 
2028 (one year)
3,368 2,170 367 
2029 (one year)
2,796 1,764 348 
Thereafter
15,295 11,160 2,246 
   Total$32,060 $22,051 $3,937 
Contract With Customer Accounts Receivable
The following is a summary of Williams’ Trade accounts and other receivables:
June 30, 2025December 31, 2024
(Millions)
Accounts receivable related to revenues from contracts with customers$1,295 $1,494 
Receivables from derivatives209 294 
Other accounts receivable59 75 
Trade accounts and other receivables$1,563 $1,863