Company Quick10K Filing
Williams Companies
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 1,214 $33,435
10-Q 2019-10-31 Quarter: 2019-09-30
10-Q 2019-08-01 Quarter: 2019-06-30
10-Q 2019-05-02 Quarter: 2019-03-31
10-K 2019-02-21 Annual: 2018-12-31
10-Q 2018-11-01 Quarter: 2018-09-30
10-Q 2018-08-02 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-02-22 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-02-22 Annual: 2016-12-31
10-Q 2016-10-31 Quarter: 2016-09-30
10-Q 2016-08-02 Quarter: 2016-06-30
10-Q 2016-05-05 Quarter: 2016-03-31
10-K 2016-02-26 Annual: 2015-12-31
10-Q 2015-10-29 Quarter: 2015-09-30
10-Q 2015-07-30 Quarter: 2015-06-30
10-Q 2015-04-30 Quarter: 2015-03-31
10-K 2015-02-25 Annual: 2014-12-31
10-Q 2014-10-30 Quarter: 2014-09-30
10-Q 2014-07-31 Quarter: 2014-06-30
10-Q 2014-05-01 Quarter: 2014-03-31
10-K 2014-02-26 Annual: 2013-12-31
10-Q 2013-10-31 Quarter: 2013-09-30
10-Q 2013-07-31 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-02-27 Annual: 2012-12-31
10-Q 2012-10-31 Quarter: 2012-09-30
10-Q 2012-08-02 Quarter: 2012-06-30
10-Q 2012-05-01 Quarter: 2012-03-31
10-K 2012-02-28 Annual: 2011-12-31
10-Q 2011-11-02 Quarter: 2011-09-30
10-Q 2011-08-04 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-Q 2010-10-28 Quarter: 2010-09-30
10-Q 2010-07-29 Quarter: 2010-06-30
10-Q 2010-05-05 Quarter: 2010-03-31
10-K 2010-02-26 Annual: 2009-12-31
8-K 2019-10-30 Earnings, Exhibits
8-K 2019-07-31 Earnings, Exhibits
8-K 2019-07-23 Officers
8-K 2019-07-02 Officers, Other Events
8-K 2019-05-09 Shareholder Vote
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-02-13 Earnings, Exhibits
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-08-09 Enter Agreement, Leave Agreement, M&A, Off-BS Arrangement, Shareholder Rights, Amend Bylaw, Shareholder Vote, Regulation FD, Exhibits
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-07-31 Officers, Exhibits
8-K 2018-07-13 Enter Agreement, Off-BS Arrangement, Sale of Shares, Shareholder Rights, Amend Bylaw, Exhibits
8-K 2018-06-01 Officers, Exhibits
8-K 2018-05-16 Enter Agreement, Regulation FD, Exhibits
8-K 2018-05-10 Shareholder Vote
8-K 2018-05-03 Other Events, Exhibits
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-03-15 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-02-14 Earnings, Exhibits
WMB 2019-09-30
Part I - Financial Information
Item 1. Financial Statements
Note 1 - General, Description of Business, and Basis of Presentation
Note 2 - Acquisitions
Note 3 - Revenue Recognition
Note 4 - Variable Interest Entities
Note 5 - Investing Activities
Note 6 - Other Income and Expenses
Note 7 - Provision (Benefit) for Income Taxes
Note 8 - Earnings (Loss) per Common Share
Note 9 - Employee Benefit Plans
Note 10 - Leases
Note 11 - Debt and Banking Arrangements
Note 12 - Stockholders' Equity
Note 13 - Fair Value Measurements and Guarantees
Note 14 - Contingent Liabilities
Note 15 - Segment Disclosures
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 6. Exhibits
EX-31.1 wmb20190930ex311.htm
EX-31.2 wmb20190930ex312.htm
EX-32 wmb20190930ex32.htm

Williams Companies Earnings 2019-09-30

WMB 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
KMI 46,725 76,695 41,436 13,554 9,495 2,594 5,465 78,424 70% 14.4 3%
SRE 37,900 62,727 45,287 11,048 0 2,251 4,222 58,805 0% 13.9 4%
WMB 33,435 46,509 32,661 8,579 0 167 3,221 53,340 0% 16.6 0%
UGI 9,581 12,019 7,845 7,443 0 508 1,076 13,296 0% 12.4 4%
EQM 9,079 12,063 5,637 1,545 0 582 774 9,063 0% 11.7 5%
TRGP 8,897 18,318 12,776 9,879 2,399 -75 815 15,619 24% 19.2 -0%
PSXP 6,433 6,544 3,928 1,601 0 869 873 9,477 0% 10.9 13%
VVC 5,942 6,480 2,627 2,679 0 197 559 7,953 0% 14.2 3%
ENBL 5,661 12,409 3,408 1,713 561 1,161 10,082 50% 8.7 5%
AMGP 5,616 6,769 2,797 391 0 118 214 8,134 0% 38.0 2%

Document
false--12-31Q32019000010726390000006000000188000000130000000.341.020.381.1411147000000014700000001245000000124700000000002250000002250000000100000010000001000000300000060000000020000003000000003000000500000003000000P3MP3MP1YP1YP1YP1YP1YP1YP1YP1Y3500000035000000 0000107263 2019-10-28 0000107263 2019-01-01 2019-09-30 0000107263 2018-01-01 2018-09-30 0000107263 2019-07-01 2019-09-30 0000107263 2018-07-01 2018-09-30 0000107263 wmb:NaturalGasPurchasedForShrinkMember 2019-07-01 2019-09-30 0000107263 us-gaap:ProductMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember 2019-01-01 2019-09-30 0000107263 us-gaap:ProductMember 2018-07-01 2018-09-30 0000107263 us-gaap:OilAndGasPurchasedMember 2018-01-01 2018-09-30 0000107263 us-gaap:OilAndGasPurchasedMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember 2018-07-01 2018-09-30 0000107263 us-gaap:ServiceMember 2018-07-01 2018-09-30 0000107263 wmb:NaturalGasPurchasedForShrinkMember 2018-07-01 2018-09-30 0000107263 wmb:NaturalGasPurchasedForShrinkMember 2019-01-01 2019-09-30 0000107263 us-gaap:ProductMember 2019-07-01 2019-09-30 0000107263 wmb:NaturalGasPurchasedForShrinkMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember 2018-01-01 2018-09-30 0000107263 us-gaap:ProductMember 2019-01-01 2019-09-30 0000107263 us-gaap:OilAndGasPurchasedMember 2018-07-01 2018-09-30 0000107263 us-gaap:ServiceMember 2019-07-01 2019-09-30 0000107263 us-gaap:OilAndGasPurchasedMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember 2019-01-01 2019-09-30 0000107263 2019-09-30 0000107263 2018-12-31 0000107263 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0000107263 us-gaap:PreferredStockMember 2018-01-01 2018-09-30 0000107263 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0000107263 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0000107263 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0000107263 us-gaap:ParentMember 2018-01-01 2018-09-30 0000107263 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-09-30 0000107263 us-gaap:RetainedEarningsMember 2017-12-31 0000107263 us-gaap:NoncontrollingInterestMember 2018-09-30 0000107263 us-gaap:TreasuryStockMember 2018-01-01 2018-09-30 0000107263 us-gaap:TreasuryStockMember 2017-12-31 0000107263 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0000107263 us-gaap:CommonStockMember 2017-12-31 0000107263 us-gaap:PreferredStockMember 2017-12-31 0000107263 us-gaap:PreferredStockMember 2018-09-30 0000107263 us-gaap:ParentMember 2017-12-31 0000107263 us-gaap:ParentMember 2018-09-30 0000107263 us-gaap:RetainedEarningsMember 2018-09-30 0000107263 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0000107263 us-gaap:CommonStockMember 2018-09-30 0000107263 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000107263 us-gaap:NoncontrollingInterestMember 2017-12-31 0000107263 2018-09-30 0000107263 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000107263 2017-12-31 0000107263 us-gaap:TreasuryStockMember 2018-09-30 0000107263 us-gaap:PreferredStockMember 2019-09-30 0000107263 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0000107263 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0000107263 us-gaap:ParentMember 2019-01-01 2019-09-30 0000107263 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0000107263 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0000107263 us-gaap:TreasuryStockMember 2019-01-01 2019-09-30 0000107263 us-gaap:PreferredStockMember 2019-01-01 2019-09-30 0000107263 us-gaap:RetainedEarningsMember 2018-12-31 0000107263 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000107263 us-gaap:NoncontrollingInterestMember 2019-09-30 0000107263 us-gaap:RetainedEarningsMember 2019-09-30 0000107263 us-gaap:CommonStockMember 2018-12-31 0000107263 us-gaap:PreferredStockMember 2018-12-31 0000107263 us-gaap:ParentMember 2018-12-31 0000107263 us-gaap:NoncontrollingInterestMember 2018-12-31 0000107263 us-gaap:ParentMember 2019-09-30 0000107263 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0000107263 us-gaap:TreasuryStockMember 2019-09-30 0000107263 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0000107263 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000107263 us-gaap:TreasuryStockMember 2018-12-31 0000107263 us-gaap:CommonStockMember 2019-09-30 0000107263 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000107263 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0000107263 us-gaap:ParentMember 2018-07-01 2018-09-30 0000107263 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0000107263 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0000107263 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0000107263 us-gaap:PreferredStockMember 2018-07-01 2018-09-30 0000107263 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0000107263 us-gaap:ParentMember 2018-06-30 0000107263 us-gaap:RetainedEarningsMember 2018-06-30 0000107263 us-gaap:TreasuryStockMember 2018-07-01 2018-09-30 0000107263 2018-06-30 0000107263 us-gaap:NoncontrollingInterestMember 2018-06-30 0000107263 us-gaap:PreferredStockMember 2018-06-30 0000107263 us-gaap:TreasuryStockMember 2018-06-30 0000107263 us-gaap:CommonStockMember 2018-06-30 0000107263 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0000107263 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000107263 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0000107263 us-gaap:PreferredStockMember 2019-07-01 2019-09-30 0000107263 us-gaap:CommonStockMember 2019-06-30 0000107263 us-gaap:TreasuryStockMember 2019-07-01 2019-09-30 0000107263 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000107263 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0000107263 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000107263 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0000107263 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0000107263 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000107263 us-gaap:PreferredStockMember 2019-06-30 0000107263 us-gaap:ParentMember 2019-07-01 2019-09-30 0000107263 us-gaap:RetainedEarningsMember 2019-06-30 0000107263 us-gaap:NoncontrollingInterestMember 2019-06-30 0000107263 2019-06-30 0000107263 us-gaap:TreasuryStockMember 2019-06-30 0000107263 us-gaap:ParentMember 2019-06-30 0000107263 wmb:CardinalGasServicesLLCMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 wmb:LaurelMountainMidstreamLlcMember wmb:NortheastGAndPMember 2019-09-30 0000107263 wmb:DividendReinvestmentProgramMember 2018-01-01 2018-09-30 0000107263 wmb:GulfstreamNaturalGasSystemLlcMember wmb:AtlanticGulfMember 2019-09-30 0000107263 wmb:JackalopeGasGatheringServicesLLCMember wmb:WestMember 2019-04-30 0000107263 wmb:NortheastJVMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 wmb:WPZMergerPublicUnitExchangeMember 2018-08-10 2018-08-10 0000107263 wmb:WPZMergerPublicUnitExchangeMember us-gaap:AdditionalPaidInCapitalMember 2018-08-10 2018-08-10 0000107263 wmb:WPZMergerPublicUnitExchangeMember us-gaap:CommonStockMember 2018-08-10 2018-08-10 0000107263 wmb:OverlandPassPipelineCompanyLlcMember wmb:WestMember 2019-09-30 0000107263 wmb:ConstitutionPipelineCompanyLlcMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 wmb:WPZMergerPublicUnitExchangeMember us-gaap:NoncontrollingInterestMember 2018-08-10 2018-08-10 0000107263 wmb:ConwayFractionatorMember wmb:WestMember 2019-01-01 2019-09-30 0000107263 wmb:WPZMergerPublicUnitExchangeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-08-10 2018-08-10 0000107263 wmb:GulfstarOneMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 wmb:BrazosPermianIILLCMember wmb:WestMember 2019-09-30 0000107263 wmb:AppalachiaMidstreamServicesLLCMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 wmb:DiscoveryProducerServicesLlcMember wmb:AtlanticGulfMember 2019-09-30 0000107263 wmb:CaimanEnergyIiMember wmb:NortheastGAndPMember 2019-09-30 0000107263 wmb:RockyMountainMidstreamHoldingsLLCMember wmb:WestMember 2019-09-30 0000107263 wmb:WPZMergerPublicUnitExchangeMember 2018-08-10 0000107263 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0000107263 srt:ProFormaMember wmb:UticaEastOhioMidstreamLLCAcquisitionMember 2019-07-01 2019-09-30 0000107263 srt:ProFormaMember wmb:UticaEastOhioMidstreamLLCAcquisitionMember 2019-01-01 2019-09-30 0000107263 srt:ProFormaMember wmb:UticaEastOhioMidstreamLLCAcquisitionMember 2018-07-01 2018-09-30 0000107263 srt:ProFormaMember wmb:UticaEastOhioMidstreamLLCAcquisitionMember 2018-01-01 2018-09-30 0000107263 wmb:UticaEastOhioMidstreamLLCAcquisitionMember 2019-03-18 2019-03-18 0000107263 wmb:UticaEastOhioMidstreamLLCAcquisitionMember 2019-03-18 2019-09-30 0000107263 wmb:UticaEastOhioMidstreamLLCMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfEquityMethodInvestmentsMember wmb:NortheastGAndPMember 2019-01-01 2019-03-31 0000107263 wmb:UticaEastOhioMidstreamLLCMember wmb:UticaEastOhioMidstreamLLCAcquisitionMember 2019-03-18 0000107263 wmb:NortheastJVMember 2019-06-30 0000107263 wmb:UticaEastOhioMidstreamLLCMember 2018-12-31 0000107263 wmb:UticaEastOhioMidstreamLLCAcquisitionMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-09-30 0000107263 wmb:UticaEastOhioMidstreamLLCAcquisitionMember 2019-03-18 0000107263 wmb:UticaEastOhioMidstreamLLCMember wmb:UticaEastOhioMidstreamLLCAcquisitionMember 2019-03-17 0000107263 wmb:NortheastJVMember us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0000107263 wmb:UticaEastOhioMidstreamLLCAcquisitionMember 2019-04-01 2019-06-30 0000107263 wmb:NortheastJVMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-09-30 0000107263 wmb:NortheastJVMember 2019-01-01 2019-09-30 0000107263 wmb:NortheastJVMember us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0000107263 wmb:NortheastJVMember 2019-06-01 2019-06-30 0000107263 us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 wmb:WestMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:OtherProductSalesMember wmb:TranscoMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:TranscoMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember 2018-01-01 2018-09-30 0000107263 wmb:OtherProductSalesMember wmb:AtlanticGulfMidstreamMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000107263 wmb:TranscoMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NortheastMidstreamMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0000107263 wmb:OtherProductSalesMember us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000107263 us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:AtlanticGulfMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:WestMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:TranscoMember 2019-07-01 2019-09-30 0000107263 us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:NorthwestPipelineMember 2019-01-01 2019-09-30 0000107263 wmb:RegulatedServiceMember us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0000107263 wmb:OtherServiceMember us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember 2019-07-01 2019-09-30 0000107263 wmb:OtherServiceMember 2018-07-01 2018-09-30 0000107263 wmb:AtlanticGulfMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NortheastMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:TranscoMember 2019-01-01 2019-09-30 0000107263 wmb:RegulatedServiceMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 wmb:RegulatedServiceMember wmb:AtlanticGulfMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:AtlanticGulfMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0000107263 wmb:AtlanticGulfMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:RegulatedServiceMember wmb:WestMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:AtlanticGulfMidstreamMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:NortheastMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 wmb:OtherServiceMember wmb:TranscoMember 2018-01-01 2018-09-30 0000107263 wmb:AtlanticGulfMidstreamMember 2018-01-01 2018-09-30 0000107263 us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:ProductMember wmb:WestMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:TranscoMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:AtlanticGulfMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NortheastMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:OtherServiceMember wmb:WestMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:AtlanticGulfMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:RegulatedServiceMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:WestMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:OtherProductSalesMember wmb:AtlanticGulfMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NorthwestPipelineMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:WestMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:WestMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:OtherServiceMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 wmb:OtherServiceMember wmb:NorthwestPipelineMember 2018-07-01 2018-09-30 0000107263 wmb:NortheastMidstreamMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000107263 wmb:OtherServiceMember wmb:WestMidstreamMember 2018-07-01 2018-09-30 0000107263 us-gaap:ProductMember wmb:AtlanticGulfMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:TranscoMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:TranscoMember 2019-01-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:NorthwestPipelineMember 2018-01-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:AtlanticGulfMidstreamMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 wmb:OtherProductSalesMember us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000107263 wmb:OtherServiceMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:NorthwestPipelineMember 2018-01-01 2018-09-30 0000107263 us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:TranscoMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 wmb:RegulatedServiceMember us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:NortheastMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:NortheastMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:TranscoMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:NorthwestPipelineMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:AtlanticGulfMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:RegulatedServiceMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:NorthwestPipelineMember 2018-07-01 2018-09-30 0000107263 wmb:NorthwestPipelineMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:WestMidstreamMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:NorthwestPipelineMember 2019-01-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0000107263 wmb:OtherServiceMember us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:WestMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:WestMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:RegulatedServiceMember wmb:WestMidstreamMember 2018-07-01 2018-09-30 0000107263 us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:AtlanticGulfMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:NortheastMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:OtherProductSalesMember wmb:NorthwestPipelineMember 2018-07-01 2018-09-30 0000107263 wmb:OtherServiceMember wmb:AtlanticGulfMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:WestMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:NorthwestPipelineMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NortheastMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:RegulatedServiceMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 wmb:RegulatedServiceMember wmb:TranscoMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NorthwestPipelineMember 2018-07-01 2018-09-30 0000107263 us-gaap:ProductMember wmb:NortheastMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:OtherServiceMember wmb:AtlanticGulfMidstreamMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:TranscoMember 2018-07-01 2018-09-30 0000107263 wmb:NorthwestPipelineMember 2018-07-01 2018-09-30 0000107263 wmb:OtherServiceMember wmb:AtlanticGulfMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:TranscoMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:AtlanticGulfMidstreamMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:NortheastMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:WestMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:NortheastMidstreamMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:WestMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:NorthwestPipelineMember 2019-07-01 2019-09-30 0000107263 wmb:RegulatedServiceMember wmb:NorthwestPipelineMember 2019-01-01 2019-09-30 0000107263 wmb:RegulatedServiceMember wmb:NortheastMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:NorthwestPipelineMember 2018-01-01 2018-09-30 0000107263 wmb:NorthwestPipelineMember 2019-01-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:AtlanticGulfMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:OtherServiceMember wmb:NortheastMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:OtherServiceMember wmb:TranscoMember 2019-07-01 2019-09-30 0000107263 wmb:OtherServiceMember us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0000107263 wmb:OtherServiceMember wmb:NortheastMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:OtherProductSalesMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 wmb:OtherServiceMember wmb:WestMidstreamMember 2019-07-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:NortheastMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:AtlanticGulfMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:OtherServiceMember wmb:NorthwestPipelineMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:TranscoMember 2018-01-01 2018-09-30 0000107263 wmb:WestMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:TranscoMember 2018-07-01 2018-09-30 0000107263 us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:AtlanticGulfMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:WestMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:OtherProductSalesMember 2018-01-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:TranscoMember 2018-07-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:AtlanticGulfMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:OtherProductSalesMember wmb:TranscoMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:WestMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:NortheastMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:WestMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:TranscoMember 2019-07-01 2019-09-30 0000107263 wmb:RegulatedServiceMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:WestMidstreamMember 2019-07-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:NorthwestPipelineMember 2018-07-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:NorthwestPipelineMember 2018-01-01 2018-09-30 0000107263 wmb:OtherServiceMember 2018-01-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:NortheastMidstreamMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:WestMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember 2018-01-01 2018-09-30 0000107263 wmb:OtherServiceMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 wmb:OtherProductSalesMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 wmb:RegulatedServiceMember us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000107263 wmb:OtherProductSalesMember wmb:NorthwestPipelineMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:NorthwestPipelineMember 2019-01-01 2019-09-30 0000107263 wmb:OtherServiceMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:NorthwestPipelineMember 2018-01-01 2018-09-30 0000107263 wmb:OtherServiceMember 2019-01-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember 2018-07-01 2018-09-30 0000107263 wmb:RegulatedServiceMember 2018-07-01 2018-09-30 0000107263 wmb:OtherServiceMember wmb:TranscoMember 2019-01-01 2019-09-30 0000107263 wmb:RegulatedServiceMember wmb:NorthwestPipelineMember 2018-07-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:NortheastMidstreamMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:NortheastMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:NortheastMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:OtherServiceMember wmb:NorthwestPipelineMember 2018-01-01 2018-09-30 0000107263 wmb:OtherServiceMember us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0000107263 wmb:RegulatedServiceMember wmb:NortheastMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:OtherProductSalesMember wmb:NortheastMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0000107263 wmb:OtherServiceMember wmb:NortheastMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:NortheastMidstreamMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:AtlanticGulfMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000107263 wmb:RegulatedServiceMember 2019-01-01 2019-09-30 0000107263 wmb:OtherProductSalesMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:NortheastMidstreamMember 2019-07-01 2019-09-30 0000107263 us-gaap:ProductMember us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000107263 us-gaap:ProductMember wmb:TranscoMember 2018-01-01 2018-09-30 0000107263 wmb:NortheastMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:WestMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:TranscoMember 2019-07-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:WestMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:OtherServiceMember wmb:TranscoMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:WestMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NorthwestPipelineMember 2018-01-01 2018-09-30 0000107263 us-gaap:ProductMember wmb:TranscoMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:NorthwestPipelineMember 2018-07-01 2018-09-30 0000107263 us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:AtlanticGulfMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:AtlanticGulfMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:WestMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000107263 wmb:OtherProductSalesMember wmb:WestMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NortheastMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:TranscoMember 2019-01-01 2019-09-30 0000107263 wmb:OtherServiceMember wmb:NorthwestPipelineMember 2019-07-01 2019-09-30 0000107263 wmb:OtherProductSalesMember wmb:WestMidstreamMember 2018-07-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:TranscoMember 2019-07-01 2019-09-30 0000107263 wmb:OtherServiceMember wmb:AtlanticGulfMidstreamMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:WestMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0000107263 wmb:RegulatedServiceMember wmb:TranscoMember 2018-01-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:NortheastMidstreamMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:NortheastMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0000107263 wmb:RegulatedServiceMember 2019-07-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:AtlanticGulfMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000107263 wmb:OtherServiceMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:TranscoMember 2018-01-01 2018-09-30 0000107263 wmb:RegulatedServiceMember wmb:AtlanticGulfMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:RegulatedServiceMember us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:NorthwestPipelineMember 2018-07-01 2018-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:AtlanticGulfMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:TranscoMember 2019-07-01 2019-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:WestMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NorthwestPipelineMember 2019-07-01 2019-09-30 0000107263 wmb:NGLAndNaturalGasProductSalesMember wmb:TranscoMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:NorthwestPipelineMember 2019-07-01 2019-09-30 0000107263 wmb:OtherServiceMember wmb:WestMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:OtherProductSalesMember wmb:NortheastMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:TranscoMember 2018-01-01 2018-09-30 0000107263 us-gaap:ProductMember us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember wmb:AtlanticGulfMidstreamMember 2018-07-01 2018-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 wmb:OtherServiceMember wmb:NortheastMidstreamMember 2018-01-01 2018-09-30 0000107263 wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NorthwestPipelineMember 2019-01-01 2019-09-30 0000107263 wmb:NonRegulatedServiceMonetaryConsiderationMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:AtlanticGulfMidstreamMember 2019-01-01 2019-09-30 0000107263 2023-01-01 wmb:PerformanceObligationsExcludingContractLiabilitiesMember 2019-09-30 0000107263 2020-01-01 wmb:PerformanceObligationsExcludingContractLiabilitiesMember 2019-09-30 0000107263 2024-01-01 wmb:PerformanceObligationsExcludingContractLiabilitiesMember 2019-09-30 0000107263 2020-01-01 2019-09-30 0000107263 2022-01-01 2019-09-30 0000107263 2019-10-01 wmb:PerformanceObligationsExcludingContractLiabilitiesMember 2019-09-30 0000107263 wmb:PerformanceObligationsExcludingContractLiabilitiesMember 2019-09-30 0000107263 2019-09-30 0000107263 2023-01-01 2019-09-30 0000107263 2022-01-01 wmb:PerformanceObligationsExcludingContractLiabilitiesMember 2019-09-30 0000107263 2021-01-01 2019-09-30 0000107263 2024-01-01 2019-09-30 0000107263 2019-10-01 2019-09-30 0000107263 2021-01-01 wmb:PerformanceObligationsExcludingContractLiabilitiesMember 2019-09-30 0000107263 wmb:OtherAccountsReceivableMember 2018-12-31 0000107263 wmb:AccountsReceivableRelatedToContractsWithCustomersMember 2019-09-30 0000107263 wmb:AccountsReceivableRelatedToContractsWithCustomersMember 2018-12-31 0000107263 wmb:OtherAccountsReceivableMember 2019-09-30 0000107263 2021-01-01 wmb:PerformanceObligationsRelatedToContractLiabilitiesMember 2019-09-30 0000107263 2023-01-01 wmb:PerformanceObligationsRelatedToContractLiabilitiesMember 2019-09-30 0000107263 2019-10-01 wmb:PerformanceObligationsRelatedToContractLiabilitiesMember 2019-09-30 0000107263 2024-01-01 wmb:PerformanceObligationsRelatedToContractLiabilitiesMember 2019-09-30 0000107263 2022-01-01 wmb:PerformanceObligationsRelatedToContractLiabilitiesMember 2019-09-30 0000107263 2020-01-01 wmb:PerformanceObligationsRelatedToContractLiabilitiesMember 2019-09-30 0000107263 us-gaap:AccountsReceivableMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0000107263 us-gaap:AccruedLiabilitiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0000107263 us-gaap:OtherIntangibleAssetsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 us-gaap:OtherCurrentAssetsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0000107263 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0000107263 us-gaap:OtherNoncurrentAssetsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0000107263 us-gaap:OtherCurrentAssetsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 us-gaap:CashAndCashEquivalentsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 us-gaap:AccountsReceivableMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 us-gaap:OtherIntangibleAssetsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0000107263 us-gaap:AccountsPayableMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0000107263 us-gaap:AccruedLiabilitiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 us-gaap:PropertyPlantAndEquipmentMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 us-gaap:OtherNoncurrentAssetsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 us-gaap:PropertyPlantAndEquipmentMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0000107263 us-gaap:AccountsPayableMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 us-gaap:CashAndCashEquivalentsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0000107263 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 wmb:CardinalGasServicesLLCMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-01-01 2019-09-30 0000107263 wmb:ConstitutionPipelineCompanyLlcMember wmb:EstimatedRemainingConstructionCostsForVariableInterestEntityMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 wmb:GulfstarOneMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-01-01 2019-09-30 0000107263 wmb:ConstitutionPipelineCompanyLlcMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-01-01 2019-09-30 0000107263 wmb:BrazosPermianIILLCMember us-gaap:InvestmentsMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-01-01 2019-09-30 0000107263 wmb:BrazosPermianIILLCMember us-gaap:InvestmentsMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-09-30 0000107263 wmb:ConstitutionPipelineCompanyLlcMember us-gaap:PropertyPlantAndEquipmentMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0000107263 wmb:NortheastJVMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-01-01 2019-09-30 0000107263 wmb:JackalopeGasGatheringServicesLLCMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-04-01 2019-04-30 0000107263 wmb:JackalopeGasGatheringServicesLLCMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2018-10-01 2018-12-31 0000107263 wmb:JackalopeGasGatheringServicesLLCMember us-gaap:MeasurementInputDiscountRateMember wmb:WestMember 2018-06-30 0000107263 wmb:JackalopeGasGatheringServicesLLCMember wmb:WestMember 2018-06-30 0000107263 wmb:JackalopeGasGatheringServicesLLCMember 2019-04-01 2019-04-30 0000107263 wmb:JackalopeGasGatheringServicesLLCMember 2019-04-10 0000107263 wmb:JackalopeGasGatheringServicesLLCMember wmb:WestMember 2018-04-01 2018-06-30 0000107263 wmb:JackalopeGasGatheringServicesLLCMember wmb:WestMember 2018-04-01 2018-06-30 0000107263 wmb:JackalopeGasGatheringServicesLLCMember 2019-04-01 2019-06-30 0000107263 us-gaap:OtherIncomeMember 2018-07-01 2018-09-30 0000107263 us-gaap:OtherIncomeMember 2019-01-01 2019-09-30 0000107263 us-gaap:OtherIncomeMember 2018-01-01 2018-09-30 0000107263 us-gaap:OtherIncomeMember 2019-07-01 2019-09-30 0000107263 wmb:AtlanticGulfMidstreamMember 2019-01-01 2019-09-30 0000107263 wmb:WestMember 2019-01-01 2019-09-30 0000107263 wmb:AtlanticGulfMidstreamMember 2019-07-01 2019-09-30 0000107263 wmb:WestMember 2019-07-01 2019-09-30 0000107263 wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 wmb:NortheastGAndPMember 2019-07-01 2019-09-30 0000107263 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingExpenseMember 2019-07-01 2019-09-30 0000107263 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingExpenseMember 2019-01-01 2019-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember wmb:AtlanticGulfMember 2019-07-01 2019-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember wmb:WestMember 2019-07-01 2019-09-30 0000107263 us-gaap:SellingGeneralAndAdministrativeExpensesMember wmb:OtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember wmb:AtlanticGulfMember 2018-01-01 2018-09-30 0000107263 us-gaap:CorporateAndOtherMember 2019-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember wmb:WestMember 2018-07-01 2018-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember wmb:WestMember 2018-01-01 2018-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:CorporateAndOtherMember 2018-03-28 0000107263 us-gaap:OtherOperatingIncomeExpenseMember wmb:AtlanticGulfMember 2018-07-01 2018-09-30 0000107263 wmb:DeferredTaxesOnEquityFundsUsedDuringConstructionMember wmb:OtherMember 2018-07-01 2018-09-30 0000107263 wmb:DeferredTaxesOnEquityFundsUsedDuringConstructionMember wmb:OtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:OtherNonoperatingIncomeExpenseMember wmb:AtlanticGulfMember 2018-07-01 2018-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 wmb:DeferredTaxesOnEquityFundsUsedDuringConstructionMember wmb:OtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:OtherNonoperatingIncomeExpenseMember wmb:AtlanticGulfMember 2018-01-01 2018-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember wmb:WestMember 2019-01-01 2019-09-30 0000107263 us-gaap:CorporateAndOtherMember 2018-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:SellingGeneralAndAdministrativeExpensesMember wmb:OtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:SellingGeneralAndAdministrativeExpensesMember wmb:OtherMember 2019-07-01 2019-09-30 0000107263 wmb:DeferredTaxesOnEquityFundsUsedDuringConstructionMember wmb:OtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:OtherNonoperatingIncomeExpenseMember wmb:AtlanticGulfMember 2019-07-01 2019-09-30 0000107263 us-gaap:SellingGeneralAndAdministrativeExpensesMember wmb:OtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:OtherOperatingIncomeExpenseMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:OtherNonoperatingIncomeExpenseMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 us-gaap:RestrictedStockMember 2019-01-01 2019-09-30 0000107263 us-gaap:RestrictedStockMember 2018-07-01 2018-09-30 0000107263 us-gaap:EmployeeStockOptionMember 2019-07-01 2019-09-30 0000107263 us-gaap:RestrictedStockMember 2019-07-01 2019-09-30 0000107263 us-gaap:EmployeeStockOptionMember 2018-07-01 2018-09-30 0000107263 us-gaap:RestrictedStockMember 2018-01-01 2018-09-30 0000107263 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-09-30 0000107263 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0000107263 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-07-01 2019-09-30 0000107263 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-09-30 0000107263 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-07-01 2018-09-30 0000107263 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-09-30 0000107263 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0000107263 us-gaap:PensionPlansDefinedBenefitMember 2018-07-01 2018-09-30 0000107263 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-30 0000107263 us-gaap:PensionPlansDefinedBenefitMember 2019-07-01 2019-09-30 0000107263 us-gaap:PensionPlansDefinedBenefitMember 2019-09-30 0000107263 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-09-30 0000107263 srt:MaximumMember 2019-09-30 0000107263 srt:MinimumMember 2019-09-30 0000107263 wmb:WilliamsCompaniesIncMember wmb:LettersOfCreditUnderCertainBilateralBankAgreementsMember 2019-09-30 0000107263 wmb:WilliamsCompaniesIncMember 2019-09-30 0000107263 wmb:WilliamsCompaniesIncMember us-gaap:CommercialPaperMember 2019-09-30 0000107263 wmb:WilliamsCompaniesIncMember wmb:A7.625SeniorUnsecuredNotesDue2019Member 2019-07-15 2019-07-15 0000107263 wmb:WilliamsCompaniesIncMember wmb:A7.625SeniorUnsecuredNotesDue2019Member 2019-07-15 0000107263 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-12-31 0000107263 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-12-31 0000107263 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-01-01 2019-09-30 0000107263 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-09-30 0000107263 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-09-30 0000107263 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-09-30 0000107263 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0000107263 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-09-30 0000107263 us-gaap:AccumulatedTranslationAdjustmentMember 2019-09-30 0000107263 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000107263 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-09-30 0000107263 us-gaap:SeriesBPreferredStockMember 2018-07-31 0000107263 us-gaap:SeriesBPreferredStockMember 2018-07-01 2018-07-31 0000107263 us-gaap:PropertyPlantAndEquipmentMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CorporateAndOtherMember 2018-06-30 0000107263 us-gaap:PropertyPlantAndEquipmentMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:WestMember 2019-03-31 0000107263 wmb:PennantMidstreamLLCMember us-gaap:InvestmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:NortheastGAndPMember 2019-08-31 0000107263 wmb:UticaEastOhioMidstreamLLCMember us-gaap:InvestmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:NortheastGAndPMember 2019-03-17 0000107263 wmb:ImpairmentOfCertainAssetsMember 2019-01-01 2019-09-30 0000107263 wmb:UticaEastOhioMidstreamLLCMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfEquityMethodInvestmentsMember wmb:NortheastGAndPMember 2019-03-17 2019-03-17 0000107263 us-gaap:PropertyPlantAndEquipmentMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:WestMember 2019-06-30 0000107263 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfEquityMethodInvestmentsMember 2019-01-01 2019-09-30 0000107263 wmb:PennantMidstreamLLCMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfEquityMethodInvestmentsMember wmb:NortheastGAndPMember 2019-08-31 2019-08-31 0000107263 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfCertainAssetsMember us-gaap:CorporateAndOtherMember 2018-06-30 2018-06-30 0000107263 us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfCertainAssetsMember 2018-01-01 2018-09-30 0000107263 wmb:AppalachiaMidstreamServicesLLCMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfEquityMethodInvestmentsMember wmb:NortheastGAndPMember 2019-09-30 2019-09-30 0000107263 wmb:LaurelMountainMidstreamLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfEquityMethodInvestmentsMember wmb:NortheastGAndPMember 2019-09-30 2019-09-30 0000107263 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfCertainAssetsMember wmb:WestMember 2019-03-31 2019-03-31 0000107263 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfCertainAssetsMember wmb:WestMember 2019-06-30 2019-06-30 0000107263 us-gaap:FairValueMeasurementsNonrecurringMember wmb:ImpairmentOfCertainAssetsMember 2019-01-01 2019-09-30 0000107263 wmb:ImpairmentOfCertainAssetsMember 2018-01-01 2018-09-30 0000107263 wmb:LaurelMountainMidstreamLlcMember us-gaap:InvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:NortheastGAndPMember 2019-09-30 0000107263 wmb:AppalachiaMidstreamServicesLLCMember us-gaap:InvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember wmb:NortheastGAndPMember 2019-09-30 0000107263 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000107263 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0000107263 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000107263 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000107263 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000107263 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-09-30 0000107263 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2018-12-31 0000107263 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000107263 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2018-12-31 0000107263 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000107263 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000107263 us-gaap:FairValueInputsLevel3Member 2018-12-31 0000107263 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-09-30 0000107263 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000107263 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000107263 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000107263 us-gaap:FairValueInputsLevel1Member 2019-09-30 0000107263 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000107263 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000107263 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-09-30 0000107263 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-09-30 0000107263 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000107263 us-gaap:FairValueInputsLevel3Member 2019-09-30 0000107263 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000107263 us-gaap:FairValueInputsLevel2Member 2019-09-30 0000107263 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-09-30 0000107263 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0000107263 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2018-12-31 0000107263 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2018-12-31 0000107263 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2018-12-31 0000107263 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:IndemnificationGuaranteeMember 2019-09-30 0000107263 wmb:AppalachiaMidstreamServicesLLCMember us-gaap:InvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:MeasurementInputDiscountRateMember wmb:NortheastGAndPMember 2019-09-30 0000107263 wmb:WiltelGuaranteeMember 2019-09-30 0000107263 wmb:LaurelMountainMidstreamLlcMember us-gaap:InvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:MeasurementInputDiscountRateMember wmb:NortheastGAndPMember 2019-09-30 0000107263 wmb:NaturalGasUnderGroundStorageFacilitiesMember 2019-09-30 0000107263 srt:MaximumMember wmb:FormerAlaskaRefineryMember 2019-09-30 0000107263 wmb:EnergyTransferMergerMember 2016-05-20 2016-05-20 0000107263 wmb:GasPipelineMember 2019-09-30 0000107263 wmb:FormerOperationsMember 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:AtlanticGulfMember 2018-01-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:AtlanticGulfMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember 2019-01-01 2019-09-30 0000107263 wmb:AtlanticGulfMember 2018-12-31 0000107263 us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:AtlanticGulfMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:NortheastGAndPMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:WestMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:NortheastGAndPMember 2018-01-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:NortheastGAndPMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember wmb:NonRegulatedServiceCommodityConsiderationMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0000107263 wmb:NortheastGAndPMember 2019-09-30 0000107263 us-gaap:ProductMember wmb:AtlanticGulfMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:AtlanticGulfMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:WestMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:AtlanticGulfMember 2018-07-01 2018-09-30 0000107263 us-gaap:ProductMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:AtlanticGulfMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:WestMember 2018-01-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember 2018-12-31 0000107263 wmb:WestMember 2018-12-31 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:AtlanticGulfMember 2018-07-01 2018-09-30 0000107263 wmb:WestMember 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:NortheastGAndPMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:AtlanticGulfMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:WestMember 2019-07-01 2019-09-30 0000107263 us-gaap:CorporateAndOtherMember 2018-12-31 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:AtlanticGulfMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:NortheastGAndPMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:WestMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:AtlanticGulfMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember 2018-07-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:NortheastGAndPMember 2019-07-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:WestMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:NortheastGAndPMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:WestMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:AtlanticGulfMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:NortheastGAndPMember 2018-07-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:WestMember 2018-01-01 2018-09-30 0000107263 us-gaap:ProductMember wmb:WestMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:WestMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember wmb:NonRegulatedServiceCommodityConsiderationMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:WestMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:WestMember 2019-01-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:AtlanticGulfMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:NortheastGAndPMember 2018-07-01 2018-09-30 0000107263 us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:AtlanticGulfMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:WestMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:NortheastGAndPMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NortheastGAndPMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:AtlanticGulfMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NortheastGAndPMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:WestMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NortheastGAndPMember 2018-01-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:AtlanticGulfMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:WestMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:WestMember 2019-01-01 2019-09-30 0000107263 wmb:NortheastGAndPMember 2018-12-31 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:NortheastGAndPMember 2019-07-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:WestMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:AtlanticGulfMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:WestMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:AtlanticGulfMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:WestMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:WestMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:NortheastGAndPMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:AtlanticGulfMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:WestMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember 2018-01-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:WestMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember wmb:NonRegulatedServiceCommodityConsiderationMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:WestMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:WestMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:WestMember 2018-01-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:NortheastGAndPMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:NortheastGAndPMember 2019-01-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:NortheastGAndPMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:WestMember 2019-01-01 2019-09-30 0000107263 us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:ServiceMember wmb:WestMember 2018-07-01 2018-09-30 0000107263 us-gaap:ProductMember wmb:WestMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:WestMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:ProductMember wmb:NortheastGAndPMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember wmb:AtlanticGulfMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:WestMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:NortheastGAndPMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember wmb:AtlanticGulfMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:WestMember 2019-01-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:AtlanticGulfMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NortheastGAndPMember 2019-07-01 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember wmb:NortheastGAndPMember 2018-01-01 2018-09-30 0000107263 us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2019-07-01 2019-09-30 0000107263 us-gaap:ServiceMember wmb:NortheastGAndPMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ProductMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-09-30 0000107263 wmb:AtlanticGulfMember 2019-09-30 0000107263 us-gaap:IntersegmentEliminationMember wmb:NonRegulatedServiceCommodityConsiderationMember 2018-01-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:WestMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NonRegulatedServiceCommodityConsiderationMember wmb:NortheastGAndPMember 2019-07-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:AtlanticGulfMember 2019-01-01 2019-09-30 0000107263 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember wmb:AtlanticGulfMember 2018-07-01 2018-09-30 0000107263 us-gaap:OperatingSegmentsMember wmb:NortheastGAndPMember 2018-07-01 2018-09-30 0000107263 us-gaap:ProductMember wmb:AtlanticGulfMember 2018-07-01 2018-09-30 0000107263 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure


 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _____________ to _____________
Commission file number 1-4174

THE WILLIAMS COMPANIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
 
73-0569878
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification No.)
 
 
 
One Williams Center
 
 
Tulsa
Oklahoma
 
74172-0172
    (Address of principal executive offices)
 
(Zip Code)
Registrant’s telephone number, including area code: (918573-2000
NO CHANGE
 
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $1.00 par value
WMB
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesNo
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
 
Accelerated filer
 
Non-accelerated filer
 
Smaller reporting company
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes No
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
Class
 
Shares Outstanding at October 28, 2019
Common Stock, $1.00 par value
 
1,212,048,836
 




The Williams Companies, Inc.
Index


 
 
Page
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

The reports, filings, and other public announcements of The Williams Companies, Inc. (Williams) may contain or incorporate by reference statements that do not directly or exclusively relate to historical facts. Such statements are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act). These forward-looking statements relate to anticipated financial performance, management’s plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions, and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995.

All statements, other than statements of historical facts, included in this report that address activities, events, or developments that we expect, believe, or anticipate will exist or may occur in the future, are forward-looking statements. Forward-looking statements can be identified by various forms of words such as “anticipates,” “believes,” “seeks,” “could,” “may,” “should,” “continues,” “estimates,” “expects,” “forecasts,” “intends,” “might,” “goals,” “objectives,” “targets,” “planned,” “potential,” “projects,” “scheduled,” “will,” “assumes,” “guidance,” “outlook,” “in-service date,” or other similar expressions. These forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management and include, among others, statements regarding:

Levels of dividends to Williams stockholders;

Future credit ratings of Williams and its affiliates;

Amounts and nature of future capital expenditures;

Expansion and growth of our business and operations;

1




Expected in-service dates for capital projects;

Financial condition and liquidity;

Business strategy;

Cash flow from operations or results of operations;

Seasonality of certain business components;

Natural gas and natural gas liquids prices, supply, and demand;

Demand for our services.

Forward-looking statements are based on numerous assumptions, uncertainties, and risks that could cause future events or results to be materially different from those stated or implied in this report. Many of the factors that will determine these results are beyond our ability to control or predict. Specific factors that could cause actual results to differ from results contemplated by the forward-looking statements include, among others, the following:

Whether we are able to pay current and expected levels of dividends;

Whether we will be able to effectively execute our financing plan;

Availability of supplies, market demand, and volatility of prices;

Inflation, interest rates, and general economic conditions (including future disruptions and volatility in the global credit markets and the impact of these events on customers and suppliers);

The strength and financial resources of our competitors and the effects of competition;

Whether we are able to successfully identify, evaluate, and timely execute our capital projects and investment opportunities;

Our ability to acquire new businesses and assets and successfully integrate those operations and assets into existing businesses as well as successfully expand our facilities, and to consummate asset sales on acceptable terms;

Development and rate of adoption of alternative energy sources;

The impact of operational and developmental hazards and unforeseen interruptions;

The impact of existing and future laws and regulations, the regulatory environment, environmental liabilities, and litigation, as well as our ability to obtain necessary permits and approvals, and achieve favorable rate proceeding outcomes;

Our costs and funding obligations for defined benefit pension plans and other postretirement benefit plans;

Changes in maintenance and construction costs, as well as our ability to obtain sufficient construction related inputs including skilled labor;

2




Changes in the current geopolitical situation;

Our exposure to the credit risk of our customers and counterparties;

Risks related to financing, including restrictions stemming from debt agreements, future changes in credit ratings as determined by nationally recognized credit rating agencies, and the availability and cost of capital;

The amount of cash distributions from and capital requirements of our investments and joint ventures in which we participate;

Risks associated with weather and natural phenomena, including climate conditions and physical damage to our facilities;

Acts of terrorism, cybersecurity incidents, and related disruptions;

Additional risks described in our filings with the Securities and Exchange Commission (SEC).

Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, we caution investors not to unduly rely on our forward-looking statements. We disclaim any obligations to and do not intend to update the above list or announce publicly the result of any revisions to any of the forward-looking statements to reflect future events or developments.

In addition to causing our actual results to differ, the factors listed above and referred to below may cause our intentions to change from those statements of intention set forth in this report. Such changes in our intentions may also cause our results to differ. We may change our intentions, at any time and without notice, based upon changes in such factors, our assumptions, or otherwise.

Because forward-looking statements involve risks and uncertainties, we caution that there are important factors, in addition to those listed above, that may cause actual results to differ materially from those contained in the forward-looking statements. For a detailed discussion of those factors, see Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K filed with the SEC on February 21, 2019.


3



DEFINITIONS

The following is a listing of certain abbreviations, acronyms, and other industry terminology that may be used throughout this Form 10-Q.

Measurements:
Barrel: One barrel of petroleum products that equals 42 U.S. gallons
Bcf: One billion cubic feet of natural gas
Bcf/d: One billion cubic feet of natural gas per day
British Thermal Unit (Btu): A unit of energy needed to raise the temperature of one pound of water by one degree Fahrenheit
Dekatherms (Dth): A unit of energy equal to one million British thermal units
Mbbls/d: One thousand barrels per day
Mdth/d: One thousand dekatherms per day
MMcf/d: One million cubic feet per day
MMdth: One million dekatherms or approximately one trillion British thermal units
MMdth/d: One million dekatherms per day
Tbtu: One trillion British thermal units
Consolidated Entities:
Cardinal: Cardinal Gas Services, L.L.C.
Constitution: Constitution Pipeline Company, LLC
Gulfstar One: Gulfstar One LLC
Northwest Pipeline: Northwest Pipeline LLC
Transco: Transcontinental Gas Pipe Line Company, LLC
UEOM: Utica East Ohio Midstream LLC, previously a Partially Owned Entity until acquiring remaining interest in March 2019
Northeast JV: Ohio Valley Midstream LLC, a partially owned venture that includes our Ohio Valley assets and UEOM
WPZ: Williams Partners L.P. Effective August 10, 2018, we completed our merger with WPZ, pursuant to which we acquired all outstanding common units of WPZ held by others and Williams continued as the surviving entity.
Partially Owned Entities: Entities in which we do not own a 100 percent ownership interest and which, as of September 30, 2019, we account for as an equity-method investment, including principally the following:
Aux Sable: Aux Sable Liquid Products LP
Brazos Permian II: Brazos Permian II, LLC
Caiman II: Caiman Energy II, LLC
Discovery: Discovery Producer Services LLC
Gulfstream: Gulfstream Natural Gas System, L.L.C.
Jackalope: Jackalope Gas Gathering Services, L.L.C., which was sold in April 2019
Laurel Mountain: Laurel Mountain Midstream, LLC
OPPL: Overland Pass Pipeline Company LLC
RMM: Rocky Mountain Midstream Holdings LLC

4



Government and Regulatory:
EPA: Environmental Protection Agency
FERC: Federal Energy Regulatory Commission
SEC: Securities and Exchange Commission
Other:
Fractionation: The process by which a mixed stream of natural gas liquids is separated into constituent products, such as ethane, propane, and butane
GAAP: U.S. generally accepted accounting principles
LNG: Liquefied natural gas; natural gas which has been liquefied at cryogenic temperatures
MVC: Minimum volume commitment
NGLs: Natural gas liquids; natural gas liquids result from natural gas processing and crude oil refining and are used as petrochemical feedstocks, heating fuels, and gasoline additives, among other applications
NGL margins: NGL revenues less any applicable Btu replacement cost, plant fuel, transportation, and fractionation
WPZ Merger: The August 10, 2018, merger transactions pursuant to which we acquired all outstanding common units of WPZ held by others, merged WPZ into Williams, and Williams continued as the surviving entity


5



PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

The Williams Companies, Inc.
Consolidated Statement of Income
(Unaudited)
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(Millions, except per-share amounts)
Revenues:
 
 
 
 
 
 
 
Service revenues
$
1,495

 
$
1,371

 
$
4,424


$
4,062

Service revenues – commodity consideration
38

 
121

 
158

 
316

Product sales
466

 
811

 
1,512


2,104

Total revenues
1,999

 
2,303

 
6,094


6,482

Costs and expenses:
 
 

 



Product costs
434


790


1,442


2,039

Processing commodity expenses
19


30


83


91

Operating and maintenance expenses
364


389


1,091


1,134

Depreciation and amortization expenses
435


425


1,275


1,290

Selling, general, and administrative expenses
130


174


410


436

Impairment of certain assets (Note 13)




76


66

Other (income) expense – net
(11
)

(6
)

30


24

Total costs and expenses
1,371


1,802


4,407


5,080

Operating income (loss)
628


501


1,687


1,402

Equity earnings (losses)
93


105


260


279

Other investing income (loss) – net (Note 5)
(107
)

2


(54
)

74

Interest incurred
(303
)

(286
)

(915
)

(856
)
Interest capitalized
7


16


27


38

Other income (expense) – net
1


52


19


99

Income (loss) before income taxes
319


390


1,024


1,036

Provision (benefit) for income taxes
77


190


244


297

Net income (loss)
242


200


780


739

Less: Net income (loss) attributable to noncontrolling interests
21


71


54


323

Net income (loss) attributable to The Williams Companies, Inc.
221


129


726


416

Preferred stock dividends
1

 

 
2

 

Net income (loss) available to common stockholders
$
220

 
$
129

 
$
724

 
$
416

Basic earnings (loss) per common share:
 
 
 
 
 
 
 
Net income (loss)
$
.18

 
$
.13

 
$
.60

 
$
.47

Weighted-average shares (thousands)
1,212,270

 
1,023,587

 
1,211,938

 
893,706

Diluted earnings (loss) per common share:
 
 
 
 
 
 
 
Net income (loss)
$
.18

 
$
.13

 
$
.60

 
$
.46

Weighted-average shares (thousands)
1,214,165

 
1,026,504

 
1,213,943

 
896,322


See accompanying notes.

6



The Williams Companies, Inc.
Consolidated Statement of Comprehensive Income
(Unaudited)

 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(Millions)
Net income (loss)
$
242

 
$
200

 
$
780

 
$
739

Other comprehensive income (loss):
 
 
 
 
 
 
 
Cash flow hedging activities:
 
 
 
 
 
 
 
Net unrealized gain (loss) from derivative instruments, net of taxes of $3 and $6 in 2018

 
(5
)
 

 
(19
)
Reclassifications into earnings of net derivative instruments (gain) loss, net of taxes of ($2) and ($3) in 2018

 
7

 

 
10

Pension and other postretirement benefits:
 
 
 
 
 
 
 
Net actuarial gain (loss) arising during the year, net of taxes of $1 and $1 in 2019, and ($0) and ($1) in 2018
(5
)
 


(5
)

4

Amortization of actuarial (gain) loss and net actuarial loss from settlements included in net periodic benefit cost (credit), net of taxes of ($0) and ($3) in 2019, and ($3) and ($5) in 2018
4

 
4

 
9

 
14

Other comprehensive income (loss)
(1
)
 
6

 
4

 
9

Comprehensive income (loss)
241

 
206

 
784

 
748

Less: Comprehensive income (loss) attributable to noncontrolling interests
21

 
72

 
54

 
321

Comprehensive income (loss) attributable to The Williams Companies, Inc.
$
220

 
$
134

 
$
730

 
$
427

See accompanying notes.


7



The Williams Companies, Inc.
Consolidated Balance Sheet
(Unaudited)
 
 
September 30,
2019
 
December 31,
2018
 
 
(Millions, except per-share amounts)
ASSETS
 
 
Current assets:
 
 
 
 
Cash and cash equivalents
 
$
247

 
$
168

Trade accounts and other receivables (net of allowance of $6 at September 30, 2019 and $9 at December 31, 2018)
 
875

 
992

Inventories
 
129

 
130

Other current assets and deferred charges
 
183

 
174

Total current assets
 
1,434

 
1,464

Investments
 
6,228

 
7,821

Property, plant, and equipment
 
41,647

 
38,661

Accumulated depreciation and amortization
 
(12,034
)
 
(11,157
)
Property, plant, and equipment – net
 
29,613

 
27,504

Intangible assets – net of accumulated amortization
 
8,041

 
7,767

Regulatory assets, deferred charges, and other
 
965

 
746

Total assets
 
$
46,281

 
$
45,302

LIABILITIES AND EQUITY
 
 
 
 
Current liabilities:
 
 
 
 
Accounts payable
 
$
602

 
$
662

Accrued liabilities
 
1,184

 
1,102

Long-term debt due within one year
 
1,538

 
47

Total current liabilities
 
3,324

 
1,811

Long-term debt
 
20,719

 
22,367

Deferred income tax liabilities
 
1,651

 
1,524

Regulatory liabilities, deferred income, and other
 
3,728

 
3,603

Contingent liabilities (Note 14)
 

 

Equity:
 
 
 
 
Stockholders’ equity:
 
 
 
 
Preferred stock
 
35

 
35

Common stock ($1 par value; 1,470 million shares authorized at September 30, 2019 and December 31, 2018; 1,247 million shares issued at September 30, 2019 and 1,245 million shares issued at December 31, 2018)
 
1,247

 
1,245

Capital in excess of par value
 
24,310

 
24,693

Retained deficit
 
(10,664
)
 
(10,002
)
Accumulated other comprehensive income (loss)
 
(266
)
 
(270
)
Treasury stock, at cost (35 million shares of common stock)
 
(1,041
)
 
(1,041
)
Total stockholders’ equity
 
13,621

 
14,660

Noncontrolling interests in consolidated subsidiaries
 
3,238

 
1,337

Total equity
 
16,859

 
15,997

Total liabilities and equity
 
$
46,281

 
$
45,302


See accompanying notes.

8



The Williams Companies, Inc.
Consolidated Statement of Changes in Equity
(Unaudited)
 
The Williams Companies, Inc. Stockholders
 
 
 
 
 
Preferred Stock
 
Common Stock
 
Capital in Excess of Par Value
 
Retained Deficit
 
AOCI*
 
Treasury Stock
 
Total Stockholders’ Equity
 
Noncontrolling Interests
 
Total Equity
 
(Millions)
Balance – June 30, 2019
$
35

 
$
1,246

 
$
24,296

 
$
(10,423
)
 
$
(265
)
 
$
(1,041
)
 
$
13,848

 
$
3,233

 
$
17,081

Net income (loss)

 

 

 
221

 

 

 
221

 
21

 
242

Other comprehensive income (loss)

 

 

 

 
(1
)
 

 
(1
)
 

 
(1
)
Cash dividends common stock ($0.38 per share)

 

 

 
(461
)
 

 

 
(461
)
 

 
(461
)
Dividends and distributions to noncontrolling interests

 

 

 

 

 

 

 
(18
)
 
(18
)
Stock-based compensation and related common stock issuances, net of tax

 
1

 
16

 

 

 

 
17

 

 
17

Changes in ownership of consolidated subsidiaries, net (Note 2)

 

 
(1
)