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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Service revenues $ 1,202 $ 1,241 $ 2,431 $ 2,438
Product sales 534 598 965 1,117
Total revenues 1,736 1,839 3,396 3,555
Costs and expenses:        
Product costs 401 494 719 956
Operating and maintenance expenses 394 437 785 824
Depreciation and amortization expenses 446 428 891 855
Selling, general, and administrative expenses 158 174 379 370
Net insurance recoveries – Geismar Incident 0 (126) 0 (126)
Impairment of long-lived assets 802 24 810 27
Other (income) expense – net 23 16 38 30
Total costs and expenses 2,224 1,447 3,622 2,936
Operating income (loss) (488) 392 (226) 619
Equity earnings (losses) 101 93 198 144
Impairment of equity-method investments 0 0 (112) 0
Other investing income (loss) – net 18 9 36 9
Interest incurred (306) (278) (612) (551)
Interest capitalized 8 16 23 38
Other income (expense) – net 17 34 32 50
Income (loss) before income taxes (650) 266 (661) 309
Provision (benefit) for income taxes (145) 83 (143) 113
Net income (loss) (505) 183 (518) 196
Less: Net income (loss) attributable to noncontrolling interests (100) 69 (48) 12
Net income (loss) attributable to The Williams Companies, Inc. $ (405) $ 114 $ (470) $ 184
Basic earnings (loss) per common share:        
Net income (loss) $ (0.54) $ 0.15 $ (0.63) $ 0.25
Weighted-average shares (thousands) 750,649 749,253 750,491 748,669
Diluted earnings (loss) per common share:        
Net income (loss) $ (0.54) $ 0.15 $ (0.63) $ 0.24
Weighted-average shares (thousands) 750,649 752,775 750,491 752,403
Cash dividends declared per common share $ 0.64 $ 0.59 $ 1.28 $ 1.17