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Consolidated Statement of Operations (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Total revenues $ 7,930 $ 6,638 $ 5,278
Segment costs and expenses:      
Costs and operating expenses 5,550 4,712 3,712
Selling, general, and administrative expenses 325 313 330
Other (income) expense - net 1 (15) (34)
Total segment costs and expenses 5,876 5,010 4,008
General corporate expenses 187 221 164
Operating income (loss):      
Operating Income (Loss) 1,867 1,407 1,106
Interest accrued (598) (628) (656)
Interest capitalized 25 36 61
Investing income - net 168 188 38
Early debt retirement costs (271) (606) (1)
Other income (expense) - net 11 (12) 2
Income (loss) from continuing operations before income taxes 1,202 385 550
Provision (benefit) for income taxes 124 114 204
Income (loss) from continuing operations 1,078 271 346
Income (loss) from discontinued operations (417) (1,193) 15
Net income (loss) 661 (922) 361
Less: Net income attributable to noncontrolling interests 285 175 76
Net income (loss) attributable to The Williams Companies, Inc. 376 (1,097) 285
Amounts attributable to The Williams Companies, Inc.:      
Income (loss) from continuing operations 803 [1] 104 206
Income (loss) from discontinued operations (427) (1,201) 79
Net income (loss) 376 (1,097) 285
Basic earnings (loss) per common share:      
Incom (loss) from continuing operations $ 1.36 $ 0.17 $ 0.35
Income (loss) from discontinued operations $ (0.72) $ (2.05) $ 0.14
Net income (loss) $ 0.64 $ (1.88) $ 0.49
Weighted-average shares (thousands) 588,553 584,552 581,674
Diluted earnings (loss) per common share:      
Income (loss) from continuing operations $ 1.34 $ 0.17 $ 0.35
Income (loss) from discontinued operations $ (0.71) $ (2.03) $ 0.14
Net income (loss) $ 0.63 $ (1.86) $ 0.49
Weighted-average shares (thousands) 598,175 590,699 585,955
Williams Partners [Member]
     
Revenues:      
Total revenues 6,729 5,715 4,602
Operating income (loss):      
Operating Income (Loss) 1,754 1,465 1,236
Midstream Canada & Olefins [Member]
     
Revenues:      
Total revenues 1,312 1,033 753
Operating income (loss):      
Operating Income (Loss) 300 172 37
Other [Member]
     
Revenues:      
Total revenues 25 24 27
Operating income (loss):      
Operating Income (Loss) 0 (9) (3)
General Corporate Expenses [Member]
     
Operating income (loss):      
Operating Income (Loss) (187) (221) (164)
Intercompany eliminations [Member]
     
Revenues:      
Total revenues $ (136) $ (134) $ (104)
[1] 2011 includes $.7 million of interest expense, net of tax, associated with our convertible debentures. (See Note 12.) This amount has been added back to income (loss) from continuing operations attributable to The Williams Companies, Inc. available to common stockholders to calculate diluted earnings per common share.