v2.4.0.6
Derivative and Financial Instruments (Details Textual) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Financial Instruments and Derivative Contracts (Textual) [Abstract]      
Special cash distribution from Phillips 66 $ 7,818 $ 0  
Financial instruments designated as Restricted cash 2,468   0 [1]
U.S. Treasury Bills 268    
Money market funds 2,200    
Credit Risk [Abstract]      
Payment term of receivables 30 days    
Aggregate fair value of all derivative instruments in a liability position 142   237
Collateral was posted for derivative instruments in a liability position 0   3
Additional collateral, either in the form of cash or letters of credit $ 142    
[1] **Certain amounts have been restated to reflect a prior period adjustment. See Note 16—Accumulated Other Comprehensive Income, in the Notes to Consolidated Financial Statements.