10-Q Filing

Phillips 66 CIK: 1534701 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001534701-21-000106`
Period End Date	20210331
Filing Date	20210430
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	psx-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 46 Cash Flow Statement 68 Stockholders Equity 42 Comprehensive Income 30

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$51.00M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$37.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35B	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	2.50B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.51B	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	2.50B	shares	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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 $51 million in 2021 and $37 million in 2020)	`AccountsNotesAndLoansReceivableNetCurrent`	$5.69B	USD	Point-in-time
Accounts and notes receivable (net of allowances of $51 million in 2021 and $37 million in 2020)	`AccountsNotesAndLoansReceivableNetCurrent`	$7.16B	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	648.45M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	647.42M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	649.64M	shares	Point-in-time
Accounts and notes receivablerelated parties	`DueFromRelatedPartiesCurrent`	$834.00M	USD	Point-in-time
Accounts and notes receivablerelated parties	`DueFromRelatedPartiesCurrent`	$1.00B	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	648.64M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	211.77M	shares	Point-in-time
Inventories	`InventoryNet`	$3.89B	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	206.39M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	211.77M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	211.77M	shares	Point-in-time
Inventories	`InventoryNet`	$4.27B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$347.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$629.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.28B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.42B	USD	Point-in-time
Investments and long-term receivables	`LongTermInvestmentsAndReceivablesNet`	$13.38B	USD	Point-in-time
Investments and long-term receivables	`LongTermInvestmentsAndReceivablesNet`	$13.62B	USD	Point-in-time
Net properties, plants and equipment	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$23.72B	USD	Point-in-time
Net properties, plants and equipment	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$23.68B	USD	Point-in-time
Goodwill	`Goodwill`	$1.43B	USD	Point-in-time
Goodwill	`Goodwill`	$1.43B	USD	Point-in-time
Intangibles	`IntangibleAssetsNetExcludingGoodwill`	$836.00M	USD	Point-in-time
Intangibles	`IntangibleAssetsNetExcludingGoodwill`	$843.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.84B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.76B	USD	Point-in-time
Total Assets	`Assets`	$54.72B	USD	Point-in-time
Total Assets	`Assets`	$55.50B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.17B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.48B	USD	Point-in-time
Accounts payablerelated parties	`AccountsPayableRelatedPartiesCurrent`	$762.00M	USD	Point-in-time
Accounts payablerelated parties	`AccountsPayableRelatedPartiesCurrent`	$378.00M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$516.00M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$987.00M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$1.35B	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$1.15B	USD	Point-in-time
Employee benefit obligations	`EmployeeBenefitObligationsCurrent`	$316.00M	USD	Point-in-time
Employee benefit obligations	`EmployeeBenefitObligationsCurrent`	$573.00M	USD	Point-in-time
Other accruals	`OtherLiabilitiesCurrent`	$1.06B	USD	Point-in-time
Other accruals	`OtherLiabilitiesCurrent`	$1.20B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$11.43B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.52B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$14.91B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$14.91B	USD	Point-in-time
Asset retirement obligations and accrued environmental costs	`AssetRetirementObligationsAndAccruedEnvironmentalCost`	$657.00M	USD	Point-in-time
Asset retirement obligations and accrued environmental costs	`AssetRetirementObligationsAndAccruedEnvironmentalCost`	$682.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$5.55B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$5.64B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.35B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.34B	USD	Point-in-time
Other liabilities and deferred credits	`DeferredCreditsAndOtherLiabilitiesNoncurrent`	$1.13B	USD	Point-in-time
Other liabilities and deferred credits	`DeferredCreditsAndOtherLiabilitiesNoncurrent`	$1.12B	USD	Point-in-time
Total Liabilities	`Liabilities`	$35.04B	USD	Point-in-time
Total Liabilities	`Liabilities`	$33.20B	USD	Point-in-time
Common stock (2,500,000,000 shares authorized at $0.01 par value) Issued (2021649,638,881 shares; 2020648,643,223 shares) Par value	`CommonStockValue`	$6.00M	USD	Point-in-time
Common stock (2,500,000,000 shares authorized at $0.01 par value) Issued (2021649,638,881 shares; 2020648,643,223 shares) Par value	`CommonStockValue`	$6.00M	USD	Point-in-time
Capital in excess of par	`AdditionalPaidInCapitalCommonStock`	$20.38B	USD	Point-in-time
Capital in excess of par	`AdditionalPaidInCapitalCommonStock`	$20.42B	USD	Point-in-time
Treasury stock (at cost: 2021 and 2020211,771,827 shares)	`TreasuryStockValue`	$17.12B	USD	Point-in-time
Treasury stock (at cost: 2021 and 2020211,771,827 shares)	`TreasuryStockValue`	$17.12B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.50B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.45B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-780.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-789.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$17.98B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$18.98B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.54B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.48B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.17B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.52B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.46B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.64B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$54.72B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$55.50B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Sales and other operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$21.63B	USD	1 Quarter
Sales and other operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.88B	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$285.00M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$365.00M	USD	1 Quarter
Net gain on dispositions	`GainLossOnDisposition`	$1.00M	USD	1 Quarter
Net gain on dispositions	`GainLossOnDisposition`	-	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$15.00M	USD	1 Quarter
Total Revenues and Other Income	`RevenuesAndOtherIncome`	$21.24B	USD	1 Quarter
Total Revenues and Other Income	`RevenuesAndOtherIncome`	$21.93B	USD	1 Quarter
Purchased crude oil and products	`CostOfGoodsAndServicesSold`	$20.07B	USD	1 Quarter
Purchased crude oil and products	`CostOfGoodsAndServicesSold`	$18.44B	USD	1 Quarter
Operating expenses	`OtherCostAndExpenseOperating`	$1.34B	USD	1 Quarter
Operating expenses	`OtherCostAndExpenseOperating`	$1.38B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$319.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$408.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$342.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$356.00M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$198.00M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$3.01B	USD	1 Quarter
Taxes other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$139.00M	USD	1 Quarter
Taxes other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$157.00M	USD	1 Quarter
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$6.00M	USD	1 Quarter
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$6.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$146.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$111.00M	USD	1 Quarter
Total Costs and Expenses	`CostAndExpenses`	$22.70B	USD	1 Quarter
Total Costs and Expenses	`CostAndExpenses`	$23.72B	USD	1 Quarter
Loss before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-2.48B	USD	1 Quarter
Loss before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-771.00M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-51.00M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-132.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-2.43B	USD	1 Quarter
Net Loss	`ProfitLoss`	$-639.00M	USD	1 Quarter
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$15.00M	USD	1 Quarter
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$69.00M	USD	1 Quarter
Net Loss Attributable to Phillips 66	`NetIncomeLoss`	$-2.50B	USD	1 Quarter
Net Loss Attributable to Phillips 66	`NetIncomeLoss`	$-654.00M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-5.66	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-1.49	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-1.49	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-5.66	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	439.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	441.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	441.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	439.50M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.43B	USD	1 Quarter
Net loss	`ProfitLoss`	$-639.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$342.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$356.00M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$198.00M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$3.01B	USD	1 Quarter
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$6.00M	USD	1 Quarter
Accretion on discounted liabilities	`AccretionExpenseIncludingAssetRetirementObligations`	$6.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-103.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-47.00M	USD	1 Quarter
Undistributed equity earnings	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$4.00M	USD	1 Quarter
Undistributed equity earnings	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-217.00M	USD	1 Quarter
Net gain on dispositions	`GainLossOnDisposition`	$1.00M	USD	1 Quarter
Net gain on dispositions	`GainLossOnDisposition`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-138.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$139.00M	USD	1 Quarter
Accounts and notes receivable	`IncreaseDecreaseInReceivables`	$1.74B	USD	1 Quarter
Accounts and notes receivable	`IncreaseDecreaseInReceivables`	$-3.90B	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.62B	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$377.00M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$283.00M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$90.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.24B	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.78B	USD	1 Quarter
Taxes and other accruals	`IncreaseDecreaseInTaxesAndOtherAccruals`	$530.00M	USD	1 Quarter
Taxes and other accruals	`IncreaseDecreaseInTaxesAndOtherAccruals`	$-281.00M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$217.00M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$271.00M	USD	1 Quarter
Capital expenditures and investments	`CapitalExpendituresAndInvestments`	$331.00M	USD	1 Quarter
Capital expenditures and investments	`CapitalExpendituresAndInvestments`	$923.00M	USD	1 Quarter
Return of investments in equity affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$58.00M	USD	1 Quarter
Return of investments in equity affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$38.00M	USD	1 Quarter
Proceeds from asset dispositions	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Proceeds from asset dispositions	`ProceedsFromSaleOfProductiveAssets`	$1.00M	USD	1 Quarter
Advances/loansrelated parties	`PaymentsToFundLongtermLoansToRelatedParties`	$155.00M	USD	1 Quarter
Advances/loansrelated parties	`PaymentsToFundLongtermLoansToRelatedParties`	$8.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$39.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-15.00M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-877.00M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-467.00M	USD	1 Quarter
Issuance of debt	`ProceedsFromIssuanceOfDebt`	$450.00M	USD	1 Quarter
Issuance of debt	`ProceedsFromIssuanceOfDebt`	$1.20B	USD	1 Quarter
Repayment of debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$925.00M	USD	1 Quarter
Repayment of debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$7.00M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$20.00M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$6.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$443.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$394.00M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$396.00M	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$76.00M	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$61.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-20.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-22.00M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$276.00M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-945.00M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-9.00M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-22.00M	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-393.00M	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.16B	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.51B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.61B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.51B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.61B	USD	Point-in-time

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Dividends paid per common stock (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.90	USD	1 Quarter
Dividends paid per common stock (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.90	USD	1 Quarter
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.17B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.52B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.46B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.64B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-2.43B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-639.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-208.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$9.00M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$394.00M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$396.00M	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$443.00M	USD	1 Quarter
Benefit plan activity	`TotalAdjustmentsToEquityFromShareBasedCompensation`	$2.00M	USD	1 Quarter
Benefit plan activity	`TotalAdjustmentsToEquityFromShareBasedCompensation`	$34.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$61.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$76.00M	USD	1 Quarter
Other	`StockholdersEquityOther`	$-3.00M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.17B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.52B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.46B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.64B	USD	Point-in-time
Beginning balance, common stock issued (in shares)	`CommonStockSharesIssued`	648.45M	shares	Point-in-time
Beginning balance, common stock issued (in shares)	`CommonStockSharesIssued`	647.42M	shares	Point-in-time
Beginning balance, common stock issued (in shares)	`CommonStockSharesIssued`	649.64M	shares	Point-in-time
Beginning balance, common stock issued (in shares)	`CommonStockSharesIssued`	648.64M	shares	Point-in-time
Beginning balance, treasury stock (in shares)	`TreasuryStockShares`	211.77M	shares	Point-in-time
Beginning balance, treasury stock (in shares)	`TreasuryStockShares`	206.39M	shares	Point-in-time
Beginning balance, treasury stock (in shares)	`TreasuryStockShares`	211.77M	shares	Point-in-time
Beginning balance, treasury stock (in shares)	`TreasuryStockShares`	211.77M	shares	Point-in-time
Repurchase of common stock (in shares)	`TreasuryStockSharesAcquired`	0.00	shares	1 Quarter
Repurchase of common stock (in shares)	`TreasuryStockSharesAcquired`	5.38M	shares	1 Quarter
Shares issued - share-based compensation (in shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	995,658.00	shares	1 Quarter
Shares issued - share-based compensation (in shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	1.03M	shares	1 Quarter
Ending balance, common stock issued (in shares)	`CommonStockSharesIssued`	648.45M	shares	Point-in-time
Ending balance, common stock issued (in shares)	`CommonStockSharesIssued`	647.42M	shares	Point-in-time
Ending balance, common stock issued (in shares)	`CommonStockSharesIssued`	649.64M	shares	Point-in-time
Ending balance, common stock issued (in shares)	`CommonStockSharesIssued`	648.64M	shares	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockShares`	211.77M	shares	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockShares`	206.39M	shares	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockShares`	211.77M	shares	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockShares`	211.77M	shares	Point-in-time

Comprehensive Income 30 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.43B	USD	1 Quarter
Net loss	`ProfitLoss`	$-639.00M	USD	1 Quarter
Amortization of net actuarial loss and prior service credit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-22.00M	USD	1 Quarter
Amortization of net actuarial loss and prior service credit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-23.00M	USD	1 Quarter
Plans sponsored by equity affiliates	`OtherComprehensiveIncomeLossDefinedBenefitPlanNonSponsoredPlansReclassificationAdjustmentFromAOCIBeforeTax`	$2.00M	USD	1 Quarter
Plans sponsored by equity affiliates	`OtherComprehensiveIncomeLossDefinedBenefitPlanNonSponsoredPlansReclassificationAdjustmentFromAOCIBeforeTax`	$6.00M	USD	1 Quarter
Income taxes on defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-5.00M	USD	1 Quarter
Income taxes on defined benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-6.00M	USD	1 Quarter
Defined benefit plans, net of income taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-20.00M	USD	1 Quarter
Defined benefit plans, net of income taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-22.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-222.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-15.00M	USD	1 Quarter
Income taxes on foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-1.00M	USD	1 Quarter
Income taxes on foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustments, net of income taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-221.00M	USD	1 Quarter
Foreign currency translation adjustments, net of income taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax`	$2.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax`	$-9.00M	USD	1 Quarter
Income taxes on hedging activities	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	-	USD	1 Quarter
Income taxes on hedging activities	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$-2.00M	USD	1 Quarter
Hedging activities, net of income taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-7.00M	USD	1 Quarter
Hedging activities, net of income taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Income Taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-208.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Income Taxes	`OtherComprehensiveIncomeLossNetOfTax`	$9.00M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.63B	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-630.00M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$15.00M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$69.00M	USD	1 Quarter
Comprehensive Loss Attributable to Phillips 66	`ComprehensiveIncomeNetOfTax`	$-2.70B	USD	1 Quarter
Comprehensive Loss Attributable to Phillips 66	`ComprehensiveIncomeNetOfTax`	$-645.00M	USD	1 Quarter

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