Schedule I Condensed Financial Information Of Parent Company Only

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

THE WILLIAMS COMPANIES, INC.
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT
STATEMENT OF COMPREHENSIVE INCOME (LOSS) (PARENT)
			Years Ended December 31,
			2012		2011		2010
				(Millions, except per-share amounts)
Equity in earnings of consolidated subsidiaries			$	1,895	$	1,962	$	1,457
Interest incurred - external				(128)		(186)		(235)
Interest incurred - affiliate				(816)		(622)		(460)
Interest income - affiliate				84		84		76
Early debt retirement costs				-		(271)		(606)
Other income (expense) — net				3		(45)		(41)
Income from continuing operations before income taxes				1,038		922		191
Provision for income taxes				315		119		87
Income (loss) from continuing operations				723		803		104
Income (loss) from discontinued operations				136		(427)		(1,201)
	Net income (loss)		$	859	$	376	$	(1,097)
Basic earnings (loss) per common share:
	Income (loss) from continuing operations		$	1.17	$	1.36	$	.17
	Income (loss) from discontinued operations			.22		(.72)		(2.05)
		Net income (loss)	$	1.39	$	.64	$	(1.88)
	Weighted-average shares (thousands)			619,792		588,553		584,552
Diluted earnings (loss) per share common share:
	Income (loss) from continuing operations		$	1.15	$	1.34	$	.17
	Income (loss) from discontinued operations			.22		(.71)		(2.03)
		Net income (loss)	$	1.37	$	.63	$	(1.86)
	Weighted-average shares (thousands)			625,486		598,175		590,699
Other comprehensive income (loss):
	Equity in other comprehensive income (loss) of consolidated subsidiaries		$	21	$	35	$	121
	Other comprehensive income (loss) attributable
		to The Williams Companies, Inc.		6		(123)		(35)
Other comprehensive income (loss)				27		(88)		86
Comprehensive income (loss) attributable to The Williams Companies, Inc.			$	886	$	288	$	(1,011)

THE WILLIAMS COMPANIES, INC.
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT - (Continued)
BALANCE SHEET (PARENT)
				December 31,
				2012		2011
					(Millions)
ASSETS
Current assets:
	Cash and cash equivalents			$	340	$	292
	Other current assets				229		128
			Total current assets		569		420
Investments in and advances to consolidated subsidiaries					16,686		13,602
Investment in Access Midstream Partners					2,187		-
Property, plant, and equipment - net					62		61
Other noncurrent assets					117		142
			Total assets	$	19,621	$	14,225
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Accounts payable and accrued liabilities			$	29	$	143
	Long-term debt due within one year				1		28
	Other current liabilities				122		58
			Total current liabilities		152		229
Long-term debt					2,298		1,456
Notes payable - affiliates					8,938		8,418
Pension, other postretirement and other liabilities					712		732
Deferred income taxes					2,769		2,094
Contingent liabilities and commitments
Equity:
	Common stock				716		626
	Other stockholders' equity				4,036		670
		Total stockholders' equity			4,752		1,296
			Total liabilities and stockholders' equity	$	19,621	$	14,225

THE WILLIAMS COMPANIES, INC.
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT - (Continued)
STATEMENT OF CASH FLOWS (PARENT)
			Years Ended December 31,
				2012	2011		2010
			(Millions)
NET CASH FLOWS PROVIDED (USED) BY OPERATING ACTIVITIES			$	(11)	$	(286)	$	3,371
FINANCING ACTIVITIES:
	Proceeds from long-term debt			848		75		100
	Payments of long-term debt			(28)		(871)		(3,102)
	Changes in notes payable to affiliates			520		(590)		1,422
	Tax benefit of stock-based awards			44		22		7
	Premiums paid on early debt retirement			-		(254)		(574)
	Proceeds from issuance of common stock			2,550		49		12
	Dividends paid			(742)		(457)		(284)
	Other — net			(7)		(5)		(12)
		Net cash provided (used) by financing activities		3,185		(2,031)		(2,431)
INVESTING ACTIVITIES:
	Capital expenditures			(18)		(28)		(15)
	Purchase of investment in Access Midstream Partners			(2,179)		-		-
	Changes in investments in and advances to consolidated subsidiaries			(953)		2,553		(2,054)
	Other — net			24		(18)		-
		Net cash provided (used) by investing activities		(3,126)		2,507		(2,069)
Increase (decrease) in cash and cash equivalents				48		190		(1,129)
Cash and cash equivalents at beginning of year				292		102		1,231
Cash and cash equivalents at end of year			$	340	$	292	$	102

Note 1. Guarantees

In addition to the guarantees disclosed in the accompanying consolidated financial statements in Item 8, we have financially guaranteed the performance of certain consolidated subsidiaries. The duration of these guarantees varies and we estimate the maximum undiscounted potential future payment obligation related to these 25 guarantees as of December 31, 2012, is approximately $1.5billion.

Note 2. Cash Dividends Received

We receive dividends and distributions either directly from our subsidiaries or indirectly through dividends received by subsidiaries and subsequent transfers of cash to us through our corporate cash management system. The total of such receipts ultimately related to dividends and distributions for the years ended December 31, 2012, 2011 and 2010 was approximately $1.1 billion, $1.2 billion, and $5billion, respectively.