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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Revenues $ 1,913 $ 2,054
Costs and expenses:    
Operating and maintenance expenses 337 340
Depreciation and amortization expenses 429 416
Selling, general, and administrative expenses 113 128
Impairment of goodwill (Note 11) 187 0
Other (income) expense – net 7 44
Total costs and expenses 1,482 1,493
Operating income (loss) 431 561
Equity earnings (losses) (Note 5) 22 80
Impairment of equity-method investments (Note 11) (938) (74)
Other investing income (loss) – net 3 1
Interest incurred (301) (306)
Interest capitalized 5 10
Other income (expense) – net 4 11
Income (loss) before income taxes (774) 283
Provision (benefit) for income taxes (204) 69
Net income (loss) (570) 214
Less: Net income (loss) attributable to noncontrolling interests (53) 19
Net income (loss) attributable to The Williams Companies, Inc. (517) 195
Preferred stock dividends 1 1
Net income (loss) available to common stockholders $ (518) $ 194
Basic earnings (loss) per common share:    
Net income (loss) $ (0.43) $ 0.16
Weighted-average shares (thousands) 1,213,019 1,211,489
Diluted earnings (loss) per common share:    
Net income (loss) $ (0.43) $ 0.16
Weighted-average shares (thousands) 1,213,019 1,213,592
Service [Member]    
Revenues:    
Revenues $ 1,474 $ 1,440
NonRegulated Service Commodity Consideration [Member]    
Revenues:    
Revenues 28 64
Product [Member]    
Revenues:    
Revenues 411 550
Oil and Gas, Purchased [Member]    
Costs and expenses:    
Product costs 396 525
Natural Gas Purchased For Shrink [Member]    
Costs and expenses:    
Product costs $ 13 $ 40