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v3.5.0.2

Consolidated Statement of Changes in Equity - USD ($) $ in Millions | Total | Par Value [Member] | Capital in Excess of Par [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Noncontrolling Interests [Member]
--- | --- | --- | --- | --- | --- | --- | ---
Beginning Balance at Dec. 31, 2014 | $ 22,037 | $ 6 | $ 19,040 | $ (6,234) | $ 9,309 | $ (531) | $ 447
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net Income | 2,022 |  |  |  | 1,999 |  | 23
Other comprehensive income (loss) | 62 |  |  |  |  | 62 |
Cash dividends paid on common stock | (574) |  |  |  | (574) |  |
Repurchase of common stock | (733) |  |  | (733) |  |  |
Benefit plan activity |  |  | 53 |  |  |  |
Benefit plan activity |  |  |  |  | (8) |  |
Benefit plan activity | 45 |  |  |  |  |  |
Issuance of Phillips 66 Partners LP common units | 384 |  |  |  |  |  | 384
Distributions to noncontrolling interests and other |  |  |  |  |  |  | (20)
Distributions to noncontrolling interests and other | (20) |  |  |  |  |  |
Ending Balance at Jun. 30, 2015 | $ 23,223 | 6 | 19,093 | (6,967) | 10,726 | (469) | 834
Beginning Balance, Common Stock Issued, shares at Dec. 31, 2014 | 637,032,000 |  |  |  |  |  |
Shares |  |  |  |  |  |  |
Shares issued - share-based compensation | 1,116,000 |  |  |  |  |  |
Ending Balance, Common Stock Issued, shares at Jun. 30, 2015 | 638,148,000 |  |  |  |  |  |
Beginning Balance, Treasury Stock, shares at Dec. 31, 2014 | 90,650,000 |  |  |  |  |  |
Shares |  |  |  |  |  |  |
Repurchase of common stock, shares | 9,839,000 |  |  |  |  |  |
Ending Balance, Treasury Stock, shares at Jun. 30, 2015 | 100,489,000 |  |  |  |  |  |
Beginning Balance at Dec. 31, 2015 | $ 23,938 | 6 | 19,145 | (7,746) | 12,348 | (653) | 838
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net Income | 914 |  |  |  | 881 |  | 33
Other comprehensive income (loss) | (99) |  |  |  |  | (99) |
Cash dividends paid on common stock | (625) |  |  |  | (625) |  |
Repurchase of common stock | (633) |  |  | (633) |  |  |
Benefit plan activity |  |  | 44 |  |  |  |
Benefit plan activity |  |  |  |  | (7) |  |
Benefit plan activity | 37 |  |  |  |  |  |
Issuance of Phillips 66 Partners LP common units | 562 |  | 181 |  |  |  | 381
Distributions to noncontrolling interests and other |  |  |  |  |  |  | (28)
Distributions to noncontrolling interests and other | (28) |  |  |  |  |  |
Ending Balance at Jun. 30, 2016 | $ 24,066 | $ 6 | $ 19,370 | $ (8,379) | $ 12,597 | $ (752) | $ 1,224
Beginning Balance, Common Stock Issued, shares at Dec. 31, 2015 | 639,336,287 |  |  |  |  |  |
Shares |  |  |  |  |  |  |
Shares issued - share-based compensation | 1,271,000 |  |  |  |  |  |
Ending Balance, Common Stock Issued, shares at Jun. 30, 2016 | 640,607,106 |  |  |  |  |  |
Beginning Balance, Treasury Stock, shares at Dec. 31, 2015 | 109,925,907 |  |  |  |  |  |
Shares |  |  |  |  |  |  |
Repurchase of common stock, shares | 7,832,000 |  |  |  |  |  |
Ending Balance, Treasury Stock, shares at Jun. 30, 2016 | 117,757,779 |  |  |  |  |  |

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