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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Revenues $ 8,201 $ 8,686 $ 8,031
Costs and expenses:      
Operating and maintenance expenses 1,468 1,507 1,576
Depreciation and amortization expenses 1,714 1,725 1,736
Selling, general, and administrative expenses 558 569 594
Impairment of certain assets (Note 18) 464 1,915 1,248
Gain on sale of certain assets and businesses (Note 3) 2 (692) (1,095)
Regulatory Charges resulting From Tax Reform (Note 1) 0 (17) 674
Other (income) expense – net 8 67 71
Total costs and expenses 6,280 7,918 7,104
Operating income (loss) 1,921 768 927
Equity earnings (losses) 375 396 434
Other investing income (loss) – net (79) 187 282
Interest incurred (1,218) (1,160) (1,116)
Interest capitalized 32 48 33
Other income (expense) – net 33 92 (25)
Income (loss) from continuing operations before income taxes 1,064 331 535
Provision (benefit) for income taxes 335 138 (1,974)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 729 193 2,509
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (15) 0 0
Net income (loss) 714 193 2,509
Less: Net income (loss) attributable to noncontrolling interests (136) 348 335
Amounts attributable to The Williams Companies, Inc. available to common stockholders:      
Net income (loss) attributable to The Williams Companies, Inc. 850 (155) 2,174
Preferred stock dividends (Note 16) 3 1 0
Net income (loss) available to common stockholders 847 (156) 2,174
Income (loss) from continuing operations available to common stockholders $ 862 $ (156) $ 2,174
Basic earnings (loss) per common share:      
Net income (loss) $ 0.70 $ (0.16) $ 2.63
Basic 0.71 (0.16) 2.63
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share $ (0.01) $ 0 $ 0
Weighted-average shares (thousands) 1,212,037 973,626 826,177
Diluted earnings (loss) per common share:      
Net income (loss) $ 0.70 $ (0.16) $ 2.62
Diluted 0.71 (0.16) 2.62
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share $ (0.01) $ 0 $ 0
Weighted-average shares (thousands) 1,214,011 973,626 [1] 828,518
Service [Member]      
Revenues:      
Revenues $ 5,933 $ 5,502 $ 5,312
NonRegulated Service Commodity Consideration [Member]      
Revenues:      
Revenues 203 400 0
Product [Member]      
Revenues:      
Revenues 2,065 2,784 2,719
Oil and Gas, Purchased [Member]      
Costs and expenses:      
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization 1,961 2,707 2,300
Natural Gas Purchased For Shrink [Member]      
Costs and expenses:      
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $ 105 137 $ 0
Other Nonoperating Income (Expense) [Member]      
Costs and expenses:      
Regulatory Charges resulting From Tax Reform (Note 1)   $ (17)  
[1] For the year ended December 31, 2018, 2.0 million weighted-average nonvested restricted stock units and 0.5 million weighted-average stock options have been excluded from the computation of diluted earnings (loss) per common share as their inclusion would be antidilutive due to our loss from continuing operations attributable to The Williams Companies, Inc.