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Segment Disclosures (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Reconciliation of revenue from segment to consolidated [Table Text Block]
The following tables present revenues, Modified EBITDA, significant expenses, and certain segment assets measures:
Transmission & Gulf of AmericaNortheast G&PWestGas & NGL Marketing Services (1)Total
(Millions)
Three Months Ended June 30, 2025
Segment revenues:
Service revenues
External$1,150 $494 $393 $— $2,037 
Internal26 53 — 82 
Total service revenues1,176 497 446 — 2,119 
Total service revenues – commodity consideration28 — 19 — 47 
Product sales
External31 17 31 529 608 
Internal77 27 179 (126)157 
Total product sales108 44 210 403 765 
Net gain (loss) from commodity derivatives
Realized— — 
Unrealized— — — (16)(16)
Total net gain (loss) from commodity derivatives (2)— — (14)(13)
Total revenues of reportable segments
$1,312 $541 $676 $389 $2,918 
Segment costs and expenses and Proportional Modified EBITDA of equity-method investments:
Product costs and net realized processing commodity expenses(119)(38)(201)(421)
Net unrealized gain (loss) from commodity derivatives within Net processing commodity expenses— — — 12 
Operating and administrative expenses (3)(286)(113)(150)(19)
Recoverable power, transportation, and storage costs (4)(55)(41)(15)— 
Other segment income (expenses) - net (5)(2)(1)
Proportional Modified EBITDA of equity-method investments37 154 32 
Total Modified EBITDA of reportable segments$891 $501 $341 $(30)$1,703 
Reconciliation of Modified EBITDA:
Contribution from upstream operations, corporate, and other business activities118 
Depreciation, depletion, and amortization expenses(605)
Equity earnings (losses)142 
Other investing income (loss) - net
Interest expense(350)
Accretion expense associated with AROs for nonregulated operations
(24)
Proportional Modified EBITDA of equity-method investments(231)
Income (loss) before income taxes$757 
Additions to long-lived segment assets
$725 $54 $238 $$1,018 
Transmission & Gulf of AmericaNortheast G&PWestGas & NGL Marketing Services (1)Total
(Millions)
Three Months Ended June 30, 2024
Segment revenues:
Service revenues
External$999 $462 $372 $— $1,833 
Internal24 35 — 62 
Total service revenues1,023 465 407 — 1,895 
Total service revenues – commodity consideration(5)18 — 18 
Product sales
External25 34 508 572 
Internal15 18 157 (85)105 
Total product sales40 23 191 423 677 
Net gain (loss) from commodity derivatives
Realized— — (33)(28)
Unrealized— — — (99)(99)
Total net gain (loss) from commodity derivatives (2)— — (132)(127)
Total revenues of reportable segments$1,068 $483 $621 $291 $2,463 
Segment costs and expenses and Proportional Modified EBITDA of equity-method investments:
Product costs and net realized processing commodity expenses(40)(18)(177)(387)
Net unrealized gain (loss) from commodity derivatives within Net processing commodity expenses— — — (7)
Operating and administrative expenses (3)(260)(108)(148)(23)
Recoverable power, transportation, and storage costs (4)(62)(32)(12)— 
Other segment income (expenses) - net (5)53 (2)— 
Proportional Modified EBITDA of equity-method investments49 153 36 — 
Total Modified EBITDA of reportable segments$808 $481 $318 $(126)$1,481 
Reconciliation of Modified EBITDA:
Contribution from upstream operations, corporate, and other business activities47 
Depreciation, depletion, and amortization expenses(540)
Equity earnings (losses)147 
Other investing income (loss) - net18 
Interest expense(339)
Accretion expense associated with AROs for nonregulated operations
(21)
Proportional Modified EBITDA of equity-method investments(238)
Income (loss) before income taxes$555 
Additions to long-lived segment assets
$515 $43 $71 $— $629 
Transmission & Gulf of AmericaNortheast G&PWestGas & NGL Marketing Services (1)Total
(Millions)
Six Months Ended June 30, 2025
Segment revenues:
Service revenues
External$2,263 $987 $786 $— $4,036 
Internal48 98 — 153 
Total service revenues2,311 994 884 — 4,189 
Total service revenues – commodity consideration51 44 — 96 
Product sales
External57 35 71 1,461 1,624 
Internal166 66 403 (319)316 
Total product sales223 101 474 1,142 1,940 
Net gain (loss) from commodity derivatives
Realized(1)— (1)(33)(35)
Unrealized— — — (9)(9)
Total net gain (loss) from commodity derivatives (2)(1)— (1)(42)(44)
Total revenues of reportable segments$2,584 $1,096 $1,401 $1,100 $6,181 
Segment costs and expenses and Proportional Modified EBITDA of equity-method investments:
Product costs and net realized processing commodity expenses(242)(90)(455)(934)
Net unrealized gain (loss) from commodity derivatives within Net processing commodity expenses— — — 
Operating and administrative expenses (3)(556)(219)(302)(58)
Recoverable power, transportation, and storage costs (4)(125)(83)(29)— 
Other segment income (expenses) - net (5)15 (2)10 
Proportional Modified EBITDA of equity-method investments73 313 70 11 
Total Modified EBITDA of reportable segments
$1,749 $1,015 $695 $122 $3,581 
Reconciliation of Modified EBITDA:
Contribution from upstream operations, corporate, and other business activities
193 
Depreciation, depletion, and amortization expenses(1,190)
Equity earnings (losses)297 
Other investing income (loss) - net12 
Interest expense(699)
Accretion expense associated with AROs for nonregulated operations
(48)
Proportional Modified EBITDA of equity-method investments(467)
Income (loss) before income taxes$1,679 
Additions to long-lived segment assets$1,027 $113 $795 $$1,936 
Transmission & Gulf of AmericaNortheast G&PWestGas & NGL Marketing Services (1)Total
(Millions)
Six Months Ended June 30, 2024
Segment revenues:
Service revenues
External$2,028 $937 $769 $— $3,734 
Internal44 75 — 126 
Total service revenues2,072 944 844 — 3,860 
Total service revenues – commodity consideration14 — 34 — 48 
Product sales
External55 106 1,215 1,383 
Internal46 41 333 (205)215 
Total product sales101 48 439 1,010 1,598 
Net gain (loss) from commodity derivatives
Realized— — 48 53 
Unrealized— — — (197)(197)
Total net gain (loss) from commodity derivatives (2)— — (149)(144)
Total revenues of reportable segments
$2,187 $992 $1,322 $861 $5,362 
Segment costs and expenses and Proportional Modified EBITDA of equity-method investments:
Product costs and net realized processing commodity expenses(101)(37)(426)(819)
Net unrealized gain (loss) from commodity derivatives within Net processing commodity expenses— — — (4)
Operating and administrative expenses (3)
(515)(216)(287)(63)
Recoverable power, transportation, and storage costs (4)
(126)(66)(23)— 
Other segment income (expenses) - net (5)
97 (2)— 
Proportional Modified EBITDA of equity-method investments95 310 61 — 
Total Modified EBITDA of reportable segments
$1,637 $985 $645 $(25)$3,242 
Reconciliation of Modified EBITDA:
Contribution from upstream operations, corporate, and other business activities
123 
Depreciation, depletion, and amortization expenses
(1,088)
Equity earnings (losses)284 
Other investing income (loss) - net42 
Interest expense(688)
Accretion expense associated with AROs for nonregulated operations
(39)
Proportional Modified EBITDA of equity-method investments(466)
Income (loss) before income taxes
$1,410 
Additions to long-lived segment assets
$3,002 $107 $162 $— $3,271 
As of June 30, 2025
Equity-method investments by reportable segment$263 $3,279 $458 $153 $4,153 
Segment assets$23,744 $12,727 $12,753 $188 $49,412 
As of December 31, 2024
Equity-method investments by reportable segment$272 $3,346 $476 $— $4,094 
Segment assets$23,149 $12,918 $12,144 $46 $48,257 
_______________________
(1)    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.
(2)    Williams records transactions that qualify as commodity derivatives at fair value with changes in fair value recognized in earnings in the period of change and characterized as unrealized gains or losses. Gains and losses from commodity derivatives held for energy trading purposes are presented on a net basis in revenue.
(3)     Segment operating and administrative expenses primarily include payroll, maintenance and operating costs and taxes, and general and administrative expenses, including acquisition and transition-related expenses. It also includes project execution, information technology, finance and accounting, real estate and aviation, central engineering services, safety and operational discipline, supply chain and digital transformation, corporate strategic development, human resources, legal and government affairs, and executive and audit support services costs which are centrally managed and allocated to segments.
(4)     Recoverable power, transportation and storage costs are charges incurred which are reimbursable pursuant to FERC stipulations or customer contracts.
(5)    Other segment income (expenses) primarily includes equity AFUDC and regulatory credits and charges related to Williams’ regulated operations.