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Consolidated Statement of Operations (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Total revenues $ 2,669 $ 2,289 $ 5,244 $ 4,880
Segment costs and expenses:        
Costs and operating expenses 1,938 1,717 3,846 3,634
Selling, general, and administrative expenses 134 123 271 234
Other (income) expense - net 3 (12) 2 (13)
Total segment costs and expenses 2,075 1,828 4,119 3,855
General corporate expenses 47 45 98 130
Operating income (loss):        
Total operating income (loss) 547 416 1,027 895
Interest accrued (156) (154) (314) (318)
Interest capitalized 9 13 18 30
Investing Income - net 45 55 96 94
Early debt retirement costs       (606)
Other income (expense) - net   (1) 4 (8)
Income (loss) from continuing operations before income taxes 445 329 831 87
Provision (benefit) for income taxes 145 104 139 10
Income (loss) from continuing operations 300 225 692 77
Income (loss) from discontinued operations (3) (3) (11) (1)
Net income (loss) 297 222 681 76
Less: Net income attributable to noncontrolling interests 70 37 133 84
Net income (loss) attributable to The Williams Companies, Inc. 227 185 548 (8)
Amounts attributable to The Williams Companies, Inc.:        
Income (loss) from continuing operations 230 188 559 (7)
Income (loss) from discontinued operations (3) (3) (11) (1)
Net income (loss) 227 185 548 (8)
Basic earnings (loss) per common share:        
Income (loss) from continuing operations $ 0.39 $ 0.32 $ 0.95 $ (0.01)
Income (loss) from discontinued operations     $ (0.02)  
Net income (loss) $ 0.39 $ 0.32 $ 0.93 $ (0.01)
Weighted-average shares (thousands) 588,310 584,414 587,641 584,173
Diluted earnings (loss) per common share:        
Income (loss) from continuing operations $ 0.38 $ 0.31 $ 0.94 $ (0.01)
Income (loss) from discontinued operations     $ (0.02)  
Net income (loss) $ 0.38 $ 0.31 $ 0.92 $ (0.01)
Weighted-average shares (thousands) 597,633 592,498 597,097 584,173
Cash dividends declared per common share $ 0.200 $ 0.125 $ 0.325 $ 0.235
Williams Partners
       
Revenues:        
Total revenues 1,671 1,400 3,250 2,890
Operating income (loss):        
Total operating income (loss) 435 334 847 732
Exploration & Production
       
Revenues:        
Total revenues 981 901 1,970 2,058
Operating income (loss):        
Total operating income (loss) 89 68 134 216
Midstream Canada & Olefins
       
Revenues:        
Total revenues 347 257 663 529
Operating income (loss):        
Total operating income (loss) 72 61 146 81
Other [Member]
       
Revenues:        
Total revenues 7 5 13 11
Operating income (loss):        
Total operating income (loss) (2) (2) (2) (4)
Intercompany Eliminations
       
Revenues:        
Total revenues (337) (274) (652) (608)
General Corporate Expense
       
Operating income (loss):        
Total operating income (loss) $ (47) $ (45) $ (98) $ (130)