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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Service revenues $ 721 $ 667 $ 1,427 $ 1,344
Product sales 1,046 1,179 2,150 2,521
Total revenues 1,767 1,846 3,577 3,865
Costs and expenses:        
Product costs 801 900 1,591 1,857
Operating and maintenance expenses 291 275 551 505
Depreciation and amortization expenses 198 181 399 349
Selling, general, and administrative expenses 123 149 255 278
Other (income) expense - net 4 9 5 17
Total costs and expenses 1,417 1,514 2,801 3,006
Operating income (loss) 350 332 776 859
Equity earnings (losses) 38 27 56 58
Interest incurred (151) (140) (303) (281)
Interest capitalized 24 12 48 22
Other investing income - net 39 3 52 72
Other income (expense) - net 2 3 0 (1)
Income (loss) from continuing operations before income taxes 302 237 629 729
Provision (benefit) for income taxes 102 71 198 204
Income (loss) from continuing operations 200 166 431 525
Income (loss) from discontinued operations (8) (1) (9) 135
Net income (loss) 192 165 422 660
Less: Net income attributable to noncontrolling interests 50 33 119 105
Net income (loss) attributable to The Williams Companies, Inc. 142 132 303 555
Amounts attributable to The Williams Companies, Inc.:        
Income (loss) from continuing operations 149 133 311 420
Income (loss) from discontinued operations (7) (1) (8) 135
Net income (loss) $ 142 $ 132 $ 303 $ 555
Basic earnings (loss) per common share:        
Income (loss) from continuing operations $ 0.22 $ 0.21 $ 0.45 $ 0.69
Income (loss) from discontinued operations $ (0.01) $ 0 $ (0.01) $ 0.22
Net income (loss) $ 0.21 $ 0.21 $ 0.44 $ 0.91
Weighted-average shares (thousands) 682,893 621,483 682,475 607,357
Diluted earnings (loss) per common share:        
Income (loss) from continuing operations $ 0.22 $ 0.21 $ 0.45 $ 0.68
Income (loss) from discontinued operations $ (0.01) $ 0 $ (0.01) $ 0.22
Net income (loss) $ 0.21 $ 0.21 $ 0.44 $ 0.90
Weighted-average shares (thousands) 686,924 626,620 686,855 613,570
Cash dividends declared per common share $ 0.3525 $ 0.300 $ 0.69125 $ 0.55875