Earnings (Loss) Per Common Share from Continuing Operations (Tables)

6 Months Ended

Jun. 30, 2011


	Three months ended				Six months ended
	June 30,				June 30,
	2011		2010		2011		2010
	(Dollars in millions, except per-share
	amounts; shares in thousands)
Income (loss) from continuing operations attributable to The
Williams Companies, Inc. available to common stockholders for basic and diluted earnings (loss) per common share (1)	$	230	$	188	$	559	$	(7	)

Basic weighted-average shares		588,310		584,414		587,641		584,173
Effect of dilutive securities:
Nonvested restricted stock units		3,887		2,826		4,005		—
Stock options		3,537		3,022		3,501		—
Convertible debentures		1,899		2,236		1,950		—

Diluted weighted-average shares		597,633		592,498		597,097		584,173

Earnings (loss) per common share from continuing operations:
Basic	$	.39	$	.32	$	.95	$	(.01	)
Diluted	$	.38	$	.31	$	.94	$	(.01	)


(1)		The three- and six-month periods ended June 30, 2011, include $.2 million and $.4 million, respectively, and the three-month period ended June 30, 2010 includes $.2 million of interest expense, net of tax, associated with our convertible debentures. This amount has been added back to income (loss) from continuing operations attributable to The Williams Companies, Inc. available to common stockholders to calculate diluted earnings per common share.


	June 30,
	2011		2010
Options excluded (millions)		1.0		3.3
Weighted-average exercise price of options excluded	$	36.47	$	29.44
Exercise price ranges of options excluded	$	32.05 - $37.88	$	21.55 - $40.51
Second quarter weighted-average market price	$	30.54	$	21.54