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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Revenues $ 7,719 $ 8,201 $ 8,686
Costs and expenses:      
Operating and maintenance expenses 1,326 1,468 1,507
Depreciation and amortization expenses 1,721 1,714 1,725
Selling, general, and administrative expenses 466 558 569
Impairment of certain assets (Note 18) 182 464 1,915
Impairment of goodwill (Note 18) 187 0 0
Gain on sale of certain assets and businesses (Note 3) 0 2 (692)
Other (income) expense – net 22 8 50
Total costs and expenses 5,517 6,280 7,918
Operating income (loss) 2,202 1,921 768
Equity earnings (losses) (Note 7) 328 375 396
Impairment of equity-method investments (Note 18) (1,046) (186) (32)
Other investing income (loss) – net (Note 7) 8 107 219
Interest incurred (1,192) (1,218) (1,160)
Interest capitalized 20 32 48
Other income (expense) – net (43) 33 92
Income (loss) from continuing operations before income taxes 277 1,064 331
Less: Provision (benefit) for income taxes 79 335 138
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 198 729 193
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 (15) 0
Net income (loss) 198 714 193
Less: Net income (loss) attributable to noncontrolling interests (13) (136) 348
Amounts attributable to The Williams Companies, Inc. available to common stockholders:      
Net income (loss) attributable to The Williams Companies, Inc. 211 850 (155)
Less: Preferred stock dividends (Note 16) 3 3 1
Net income (loss) available to common stockholders 208 847 (156)
Income (loss) from continuing operations available to common stockholders $ 208 $ 862 $ (156)
Basic earnings (loss) per common share:      
Net income (loss) $ 0.17 $ 0.70 $ (0.16)
Basic 0.17 0.71 (0.16)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share $ 0 $ (0.01) $ 0
Weighted-average shares (thousands) 1,213,631 1,212,037 973,626
Diluted earnings (loss) per common share:      
Net income (loss) $ 0.17 $ 0.70 $ (0.16)
Diluted 0.17 0.71 (0.16)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share $ 0 $ (0.01) $ 0
Weighted-average shares (thousands) 1,215,165 1,214,011 973,626 [1]
Service [Member]      
Revenues:      
Revenues $ 5,924 $ 5,933 $ 5,502
NonRegulated Service Commodity Consideration [Member]      
Revenues:      
Revenues 129 203 400
Product [Member]      
Revenues:      
Revenues 1,666 2,065 2,784
Oil and Gas, Purchased [Member]      
Costs and expenses:      
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization 1,545 1,961 2,707
Natural Gas Purchased For Shrink [Member]      
Costs and expenses:      
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $ 68 $ 105 $ 137
[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.