v2.4.0.6
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
The carrying value of the major categories of assets and liabilities and operating results
Sales and other operating revenues and income from discontinued operations related to Phillips 66 for the
three-month period ended March 31, 2012, were as follows:      
        
    Millions of Dollars  
        
Sales and other operating revenues from discontinued      
 operations  $ 45,498  
       
Income from discontinued operations before-tax  $ 1,008  
Income tax expense    294  
Income from discontinued operations  $ 714  

  Millions of Dollars
   March 31 December 31
   2013 2012
Assets    
Accounts and notes receivable$ 302  268
Accounts and notes receivable—related parties  2  1
Inventories  48  44
Prepaid expenses and other current assets  154  220
 Total current assets of discontinued operations  506  533
Investments and long-term receivables  281  272
Loans and advances—related parties  22  29
Net properties, plants and equipment  6,775  6,629
Other assets  2  4
Total assets of discontinued operations$ 7,586  7,467
      
Liabilities    
Accounts payable$ 437  471
Accrued income and other taxes  154  125
 Total current liabilities of discontinued operations  591  596
Asset retirement obligations and accrued environmental costs  133  131
Deferred income taxes  777  759
Total liabilities of discontinued operations$ 1,501  1,486

Sales and other operating revenues and income from discontinued operations related to the Disposition Group were as follows:
      
  Millions of Dollars
   Three Months Ended
 March 31
  2013 2012
      
Sales and other operating revenues from discontinued    
 operations$ 329  391
     
Income from discontinued operations before-tax$ 120  202
Income tax expense (benefit)  (9)  140
Income from discontinued operations$ 129  62