10-Q Filing

Phillips 66 CIK: 1534701 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001534701-16-000153`
Period End Date	20160630
Filing Date	20160729
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	psx-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 102 Cash Flow Statement 79 Stockholders Equity 46 Comprehensive Income 55

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Accounts and notes receivable - allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$55.00M	USD	Point-in-time
Accounts and notes receivable - allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$41.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.09B	USD	Point-in-time
Common stock authorized, shares	`CommonStockSharesAuthorized`	2.50B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.07B	USD	Point-in-time
Common stock authorized, shares	`CommonStockSharesAuthorized`	2.50B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.23B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.21B	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts and notes receivable (net of allowances of $41 million in 2016 and $55 million in 2015)	`AccountsAndNotesReceivableNetOfAllowance`	$4.41B	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts and notes receivable (net of allowances of $41 million in 2016 and $55 million in 2015)	`AccountsAndNotesReceivableNetOfAllowance`	$4.61B	USD	Point-in-time
Common stock issued, shares	`CommonStockSharesIssued`	637.03M	shares	Point-in-time
Common stock issued, shares	`CommonStockSharesIssued`	639.34M	shares	Point-in-time
Accounts and notes receivablerelated parties	`DueFromRelatedPartiesCurrent`	$762.00M	USD	Point-in-time
Accounts and notes receivablerelated parties	`DueFromRelatedPartiesCurrent`	$987.00M	USD	Point-in-time
Common stock issued, shares	`CommonStockSharesIssued`	638.15M	shares	Point-in-time
Common stock issued, shares	`CommonStockSharesIssued`	640.61M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	109.93M	shares	Point-in-time
Inventories	`InventoryNet`	$3.48B	USD	Point-in-time
Inventories	`InventoryNet`	$3.99B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	90.65M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	100.49M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	117.76M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$532.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$821.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.64B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.26B	USD	Point-in-time
Investments and long-term receivables	`LongTermInvestmentsAndReceivablesNet`	$12.94B	USD	Point-in-time
Investments and long-term receivables	`LongTermInvestmentsAndReceivablesNet`	$12.14B	USD	Point-in-time
Net properties, plants and equipment	`PropertyPlantAndEquipmentNet`	$20.25B	USD	Point-in-time
Net properties, plants and equipment	`PropertyPlantAndEquipmentNet`	$19.72B	USD	Point-in-time
Goodwill	`Goodwill`	$3.27B	USD	Point-in-time
Goodwill	`Goodwill`	$3.27B	USD	Point-in-time
Intangibles	`IntangibleAssetsNetExcludingGoodwill`	$906.00M	USD	Point-in-time
Intangibles	`IntangibleAssetsNetExcludingGoodwill`	$896.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$279.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$364.00M	USD	Point-in-time
Total Assets	`Assets`	$48.58B	USD	Point-in-time
Total Assets	`Assets`	$50.36B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.32B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.16B	USD	Point-in-time
Accounts payablerelated parties	`AccountsPayableRelatedPartiesCurrent`	$765.00M	USD	Point-in-time
Accounts payablerelated parties	`AccountsPayableRelatedPartiesCurrent`	$500.00M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$1.53B	USD	Point-in-time
Short-term debt	`DebtCurrent`	$44.00M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$912.00M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$878.00M	USD	Point-in-time
Employee benefit obligations	`EmployeeBenefitObligationsCurrent`	$385.00M	USD	Point-in-time
Employee benefit obligations	`EmployeeBenefitObligationsCurrent`	$576.00M	USD	Point-in-time
Other accruals	`OtherLiabilitiesCurrent`	$487.00M	USD	Point-in-time
Other accruals	`OtherLiabilitiesCurrent`	$378.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$7.53B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.40B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$7.33B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$8.84B	USD	Point-in-time
Asset retirement obligations and accrued environmental costs	`AssetRetirementObligationsAndAccruedEnvironmentalCost`	$672.00M	USD	Point-in-time
Asset retirement obligations and accrued environmental costs	`AssetRetirementObligationsAndAccruedEnvironmentalCost`	$665.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.23B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.04B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.34B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.28B	USD	Point-in-time
Other liabilities and deferred credits	`DeferredCreditsAndOtherLiabilitiesNoncurrent`	$317.00M	USD	Point-in-time
Other liabilities and deferred credits	`DeferredCreditsAndOtherLiabilitiesNoncurrent`	$277.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$26.30B	USD	Point-in-time
Total Liabilities	`Liabilities`	$24.64B	USD	Point-in-time
Common stock (2,500,000,000 shares authorized at $.01 par value) Issued (2016640,406,569 shares; 2015639,336,287 shares) Par Value	`CommonStockValue`	$6.00M	USD	Point-in-time
Common stock (2,500,000,000 shares authorized at $.01 par value) Issued (2016640,406,569 shares; 2015639,336,287 shares) Par Value	`CommonStockValue`	$6.00M	USD	Point-in-time
Capital in excess of par	`AdditionalPaidInCapitalCommonStock`	$19.14B	USD	Point-in-time
Capital in excess of par	`AdditionalPaidInCapitalCommonStock`	$19.37B	USD	Point-in-time
Treasury stock (at cost: 2016117,757,779 shares; 2015109,925,907 shares)	`TreasuryStockValue`	$8.38B	USD	Point-in-time
Treasury stock (at cost: 2016117,757,779 shares; 2015109,925,907 shares)	`TreasuryStockValue`	$7.75B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.60B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.35B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-653.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-469.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-531.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-752.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$23.10B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$22.84B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.22B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$838.00M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.22B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.07B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.04B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.94B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$50.36B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$48.58B	USD	Point-in-time

Income Statement 102 line items

Line Item	Tag	Value	Unit	Period
Includes excise taxes on petroleum products sales	`ExciseAndSalesTaxes`	$3.46B	USD	1 Quarter
Includes excise taxes on petroleum products sales	`ExciseAndSalesTaxes`	$3.51B	USD	1 Quarter
Includes excise taxes on petroleum products sales	`ExciseAndSalesTaxes`	$6.87B	USD	2 Qtrs
Includes excise taxes on petroleum products sales	`ExciseAndSalesTaxes`	$6.83B	USD	2 Qtrs
Sales and other operating revenues	`SalesRevenueNet`	$51.29B	USD	2 Qtrs
Sales and other operating revenues	`SalesRevenueNet`	$39.26B	USD	2 Qtrs
Sales and other operating revenues	`SalesRevenueNet`	$21.85B	USD	1 Quarter
Sales and other operating revenues	`SalesRevenueNet`	$28.51B	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$435.00M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$863.00M	USD	2 Qtrs
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$407.00M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$768.00M	USD	2 Qtrs
Net gain on dispositions	`GainLossOnDisposition`	$261.00M	USD	2 Qtrs
Net gain on dispositions	`GainLossOnDisposition`	$6.00M	USD	1 Quarter
Net gain on dispositions	`GainLossOnDisposition`	$6.00M	USD	2 Qtrs
Net gain on dispositions	`GainLossOnDisposition`	$139.00M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$89.00M	USD	2 Qtrs
Other income	`NonoperatingIncomeExpense`	$17.00M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$35.00M	USD	2 Qtrs
Other income	`NonoperatingIncomeExpense`	$19.00M	USD	1 Quarter
Total Revenues and Other Income	`RevenuesAndOtherIncome`	$52.50B	USD	2 Qtrs
Total Revenues and Other Income	`RevenuesAndOtherIncome`	$22.31B	USD	1 Quarter
Total Revenues and Other Income	`RevenuesAndOtherIncome`	$29.08B	USD	1 Quarter
Total Revenues and Other Income	`RevenuesAndOtherIncome`	$40.07B	USD	2 Qtrs
Purchased crude oil and products	`CostOfPurchasedOilAndGas`	$16.20B	USD	1 Quarter
Purchased crude oil and products	`CostOfPurchasedOilAndGas`	$38.95B	USD	2 Qtrs
Purchased crude oil and products	`CostOfPurchasedOilAndGas`	$22.25B	USD	1 Quarter
Purchased crude oil and products	`CostOfPurchasedOilAndGas`	$28.13B	USD	2 Qtrs
Operating expenses	`OtherCostAndExpenseOperating`	$994.00M	USD	1 Quarter
Operating expenses	`OtherCostAndExpenseOperating`	$1.04B	USD	1 Quarter
Operating expenses	`OtherCostAndExpenseOperating`	$2.02B	USD	2 Qtrs
Operating expenses	`OtherCostAndExpenseOperating`	$2.14B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$421.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$800.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$807.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$406.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$527.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$570.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$274.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$290.00M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$2.00M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$2.00M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$2.00M	USD	2 Qtrs
Impairments	`AssetImpairmentCharges`	$2.00M	USD	2 Qtrs
Taxes other than income taxes	`TaxesOtherThanIncomeTaxes`	$3.59B	USD	1 Quarter
Taxes other than income taxes	`TaxesOtherThanIncomeTaxes`	$3.55B	USD	1 Quarter
Taxes other than income taxes	`TaxesOtherThanIncomeTaxes`	$7.05B	USD	2 Qtrs
Taxes other than income taxes	`TaxesOtherThanIncomeTaxes`	$7.01B	USD	2 Qtrs
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$6.00M	USD	1 Quarter
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$11.00M	USD	2 Qtrs
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$10.00M	USD	2 Qtrs
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$5.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$169.00M	USD	2 Qtrs
Interest and debt expense	`InterestAndDebtExpense`	$83.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$79.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$165.00M	USD	2 Qtrs
Foreign currency transaction (gains) losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-49.00M	USD	2 Qtrs
Foreign currency transaction (gains) losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$7.00M	USD	2 Qtrs
Total Costs and Expenses	`CostAndExpenses`	$21.59B	USD	1 Quarter
Total Costs and Expenses	`CostAndExpenses`	$49.65B	USD	2 Qtrs
Total Costs and Expenses	`CostAndExpenses`	$38.75B	USD	2 Qtrs
Total Costs and Expenses	`CostAndExpenses`	$27.61B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.85B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$720.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.32B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.47B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$440.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$204.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$402.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$831.00M	USD	2 Qtrs
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.02B	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.02B	USD	2 Qtrs
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$914.00M	USD	2 Qtrs
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$516.00M	USD	1 Quarter
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$33.00M	USD	2 Qtrs
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$20.00M	USD	1 Quarter
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$23.00M	USD	2 Qtrs
Net Income Attributable to Phillips 66	`IncomeLossFromContinuingOperations`	$1.01B	USD	1 Quarter
Net Income Attributable to Phillips 66	`IncomeLossFromContinuingOperations`	$496.00M	USD	1 Quarter
Net Income Attributable to Phillips 66	`IncomeLossFromContinuingOperations`	$881.00M	USD	2 Qtrs
Net Income Attributable to Phillips 66	`IncomeLossFromContinuingOperations`	$2.00B	USD	2 Qtrs
Earnings Per Share, Basic (in usd per share)	`EarningsPerShareBasic`	$1.85	USD	1 Quarter
Earnings Per Share, Basic (in usd per share)	`EarningsPerShareBasic`	$0.94	USD	1 Quarter
Earnings Per Share, Basic (in usd per share)	`EarningsPerShareBasic`	$1.66	USD	2 Qtrs
Earnings Per Share, Basic (in usd per share)	`EarningsPerShareBasic`	$3.65	USD	2 Qtrs
Earnings Per Share, Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.93	USD	1 Quarter
Earnings Per Share, Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.65	USD	2 Qtrs
Earnings Per Share, Diluted (in usd per share)	`EarningsPerShareDiluted`	$3.63	USD	2 Qtrs
Earnings Per Share, Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.84	USD	1 Quarter
Dividends Paid Per Share of Common Stock (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$1.06	USD	2 Qtrs
Dividends Paid Per Share of Common Stock (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.63	USD	1 Quarter
Dividends Paid Per Share of Common Stock (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$1.19	USD	2 Qtrs
Dividends Paid Per Share of Common Stock (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.56	USD	1 Quarter
Basic (shares in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	529.99M	shares	2 Qtrs
Basic (shares in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	544.62M	shares	1 Quarter
Basic (shares in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	528.25M	shares	1 Quarter
Basic (shares in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	546.40M	shares	2 Qtrs
Diluted (shares in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	550.99M	shares	2 Qtrs
Diluted (shares in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	531.06M	shares	1 Quarter
Diluted (shares in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	548.93M	shares	1 Quarter
Diluted (shares in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	532.82M	shares	2 Qtrs

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.02B	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.02B	USD	2 Qtrs
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$914.00M	USD	2 Qtrs
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$516.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$527.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$570.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$274.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$290.00M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$2.00M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$2.00M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$2.00M	USD	2 Qtrs
Impairments	`AssetImpairmentCharges`	$2.00M	USD	2 Qtrs
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$6.00M	USD	1 Quarter
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$11.00M	USD	2 Qtrs
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$10.00M	USD	2 Qtrs
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$5.00M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$191.00M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-81.00M	USD	2 Qtrs
Undistributed equity earnings	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-325.00M	USD	2 Qtrs
Undistributed equity earnings	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$515.00M	USD	2 Qtrs
Net gain on dispositions	`GainLossOnDisposition`	$261.00M	USD	2 Qtrs
Net gain on dispositions	`GainLossOnDisposition`	$6.00M	USD	1 Quarter
Net gain on dispositions	`GainLossOnDisposition`	$6.00M	USD	2 Qtrs
Net gain on dispositions	`GainLossOnDisposition`	$139.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-94.00M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-116.00M	USD	2 Qtrs
Decrease (increase) in accounts and notes receivable	`IncreaseDecreaseInReceivables`	$-918.00M	USD	2 Qtrs
Decrease (increase) in accounts and notes receivable	`IncreaseDecreaseInReceivables`	$386.00M	USD	2 Qtrs
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$536.00M	USD	2 Qtrs
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$747.00M	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$504.00M	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-60.00M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$394.00M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.51B	USD	2 Qtrs
Increase (decrease) in taxes and other accruals	`IncreaseDecreaseInTaxesAndOtherAccruals`	$45.00M	USD	2 Qtrs
Increase (decrease) in taxes and other accruals	`IncreaseDecreaseInTaxesAndOtherAccruals`	$-485.00M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.41B	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.78B	USD	2 Qtrs
Capital expenditures and investments	`CapitalExpendituresAndInvestments`	$1.37B	USD	2 Qtrs
Capital expenditures and investments	`CapitalExpendituresAndInvestments`	$2.29B	USD	2 Qtrs
Proceeds from asset dispositions	`ProceedsFromAssetDispositions`	$-5.00M	USD	2 Qtrs
Proceeds from asset dispositions	`ProceedsFromAssetDispositions`	$15.00M	USD	2 Qtrs
Advances/loansrelated parties	`PaymentsForAdvanceToAffiliate`	$182.00M	USD	2 Qtrs
Advances/loansrelated parties	`PaymentsForAdvanceToAffiliate`	$50.00M	USD	2 Qtrs
Collection of advances/loansrelated parties	`ProceedsFromCollectionOfAdvanceToAffiliate`	$50.00M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-47.00M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$75.00M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.25B	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.61B	USD	2 Qtrs
Issuance of debt	`ProceedsFromIssuanceOfDebt`	$150.00M	USD	2 Qtrs
Issuance of debt	`ProceedsFromIssuanceOfDebt`	$1.17B	USD	2 Qtrs
Repayment of debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$166.00M	USD	2 Qtrs
Repayment of debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$904.00M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromPaymentsForIssuanceOfCommonStock`	$-29.00M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromPaymentsForIssuanceOfCommonStock`	$-25.00M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$633.00M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$733.00M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$625.00M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$574.00M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$20.00M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$28.00M	USD	2 Qtrs
Net proceeds from issuance of Phillips 66 Partners LP common units	`ProceedsFromIssuanceOfCommonLimitedPartnersUnits`	$669.00M	USD	2 Qtrs
Net proceeds from issuance of Phillips 66 Partners LP common units	`ProceedsFromIssuanceOfCommonLimitedPartnersUnits`	$384.00M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$11.00M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.00M	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-651.00M	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-701.00M	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$56.00M	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.00M	USD	2 Qtrs
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-118.00M	USD	2 Qtrs
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-842.00M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.09B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.07B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.23B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.21B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.09B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.07B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.23B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.21B	USD	Point-in-time

Stockholders Equity 46 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.22B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.07B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.04B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.94B	USD	Point-in-time
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.02B	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.02B	USD	2 Qtrs
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$914.00M	USD	2 Qtrs
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$516.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$225.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-99.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-95.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$62.00M	USD	2 Qtrs
Cash dividends paid on common stock	`DividendsCommonStockCash`	$574.00M	USD	2 Qtrs
Cash dividends paid on common stock	`DividendsCommonStockCash`	$625.00M	USD	2 Qtrs
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$733.00M	USD	2 Qtrs
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$633.00M	USD	2 Qtrs
Benefit plan activity	`TotalAdjustmentsToEquityFromShareBasedCompensation`	$37.00M	USD	2 Qtrs
Benefit plan activity	`TotalAdjustmentsToEquityFromShareBasedCompensation`	$45.00M	USD	2 Qtrs
Issuance of Phillips 66 Partners LP common units	`PartnersCapitalAccountSaleOfUnits`	$562.00M	USD	2 Qtrs
Issuance of Phillips 66 Partners LP common units	`PartnersCapitalAccountSaleOfUnits`	$384.00M	USD	2 Qtrs
Distributions to noncontrolling interests and other	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersAndAdjustmentsToAdditionalPaidInCapitalOther`	$20.00M	USD	2 Qtrs
Distributions to noncontrolling interests and other	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersAndAdjustmentsToAdditionalPaidInCapitalOther`	$28.00M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.22B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.07B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.04B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.94B	USD	Point-in-time
Beginning Balance, Common Stock Issued, shares	`CommonStockSharesIssued`	637.03M	shares	Point-in-time
Beginning Balance, Common Stock Issued, shares	`CommonStockSharesIssued`	639.34M	shares	Point-in-time
Beginning Balance, Common Stock Issued, shares	`CommonStockSharesIssued`	638.15M	shares	Point-in-time
Beginning Balance, Common Stock Issued, shares	`CommonStockSharesIssued`	640.61M	shares	Point-in-time
Shares issued - share-based compensation	`StockIssuedDuringPeriodSharesShareBasedCompensation`	1.12M	shares	2 Qtrs
Shares issued - share-based compensation	`StockIssuedDuringPeriodSharesShareBasedCompensation`	1.27M	shares	2 Qtrs
Ending Balance, Common Stock Issued, shares	`CommonStockSharesIssued`	637.03M	shares	Point-in-time
Ending Balance, Common Stock Issued, shares	`CommonStockSharesIssued`	639.34M	shares	Point-in-time
Ending Balance, Common Stock Issued, shares	`CommonStockSharesIssued`	638.15M	shares	Point-in-time
Ending Balance, Common Stock Issued, shares	`CommonStockSharesIssued`	640.61M	shares	Point-in-time
Beginning Balance, Treasury Stock, shares	`TreasuryStockShares`	109.93M	shares	Point-in-time
Beginning Balance, Treasury Stock, shares	`TreasuryStockShares`	90.65M	shares	Point-in-time
Beginning Balance, Treasury Stock, shares	`TreasuryStockShares`	100.49M	shares	Point-in-time
Beginning Balance, Treasury Stock, shares	`TreasuryStockShares`	117.76M	shares	Point-in-time
Repurchase of common stock, shares	`TreasuryStockSharesAcquired`	9.84M	shares	2 Qtrs
Repurchase of common stock, shares	`TreasuryStockSharesAcquired`	7.83M	shares	2 Qtrs
Ending Balance, Treasury Stock, shares	`TreasuryStockShares`	109.93M	shares	Point-in-time
Ending Balance, Treasury Stock, shares	`TreasuryStockShares`	90.65M	shares	Point-in-time
Ending Balance, Treasury Stock, shares	`TreasuryStockShares`	100.49M	shares	Point-in-time
Ending Balance, Treasury Stock, shares	`TreasuryStockShares`	117.76M	shares	Point-in-time

Comprehensive Income 55 line items

Line Item	Tag	Value	Unit	Period
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.02B	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.02B	USD	2 Qtrs
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$914.00M	USD	2 Qtrs
Net Income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$516.00M	USD	1 Quarter
Amortization to net income of net actuarial loss and settlements	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-19.00M	USD	1 Quarter
Amortization to net income of net actuarial loss and settlements	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-49.00M	USD	2 Qtrs
Amortization to net income of net actuarial loss and settlements	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-24.00M	USD	1 Quarter
Amortization to net income of net actuarial loss and settlements	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-47.00M	USD	2 Qtrs
Plans sponsored by equity affiliates	`OtherComprehensiveIncomeLossNonSponsoredDefinedBenefitPlansBeforeTax`	$10.00M	USD	2 Qtrs
Plans sponsored by equity affiliates	`OtherComprehensiveIncomeLossNonSponsoredDefinedBenefitPlansBeforeTax`	$3.00M	USD	1 Quarter
Plans sponsored by equity affiliates	`OtherComprehensiveIncomeLossNonSponsoredDefinedBenefitPlansBeforeTax`	$5.00M	USD	1 Quarter
Plans sponsored by equity affiliates	`OtherComprehensiveIncomeLossNonSponsoredDefinedBenefitPlansBeforeTax`	$9.00M	USD	2 Qtrs
Income taxes on defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-20.00M	USD	2 Qtrs
Income taxes on defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-10.00M	USD	1 Quarter
Income taxes on defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-9.00M	USD	1 Quarter
Income taxes on defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-20.00M	USD	2 Qtrs
Defined benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-36.00M	USD	2 Qtrs
Defined benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-18.00M	USD	1 Quarter
Defined benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-39.00M	USD	2 Qtrs
Defined benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-14.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-107.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-122.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$212.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$15.00M	USD	2 Qtrs
Income taxes on foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$1.00M	USD	1 Quarter
Income taxes on foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-8.00M	USD	2 Qtrs
Income taxes on foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$1.00M	USD	1 Quarter
Income taxes on foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$3.00M	USD	2 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$23.00M	USD	2 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-125.00M	USD	2 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-108.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$211.00M	USD	1 Quarter
Cash flow hedges	`DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion`	$16.00M	USD	2 Qtrs
Cash flow hedges	`DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion`	$8.00M	USD	1 Quarter
Cash flow hedges	`DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion`	-	USD	2 Qtrs
Income taxes on hedging activities	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-3.00M	USD	1 Quarter
Income taxes on hedging activities	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-6.00M	USD	2 Qtrs
Hedging activities, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-10.00M	USD	2 Qtrs
Hedging activities, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-5.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$225.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-99.00M	USD	2 Qtrs
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-95.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$62.00M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$421.00M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$815.00M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	2 Qtrs
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$33.00M	USD	2 Qtrs
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$20.00M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$23.00M	USD	2 Qtrs
Comprehensive Income Attributable to Phillips 66	`ComprehensiveIncomeNetOfTax`	$1.24B	USD	1 Quarter
Comprehensive Income Attributable to Phillips 66	`ComprehensiveIncomeNetOfTax`	$401.00M	USD	1 Quarter
Comprehensive Income Attributable to Phillips 66	`ComprehensiveIncomeNetOfTax`	$782.00M	USD	2 Qtrs
Comprehensive Income Attributable to Phillips 66	`ComprehensiveIncomeNetOfTax`	$2.06B	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.