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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues and Other Income        
Sales and other operating revenues [1] $ 21,849 $ 28,512 $ 39,258 $ 51,290
Equity in earnings of affiliates 435 407 768 863
Net gain on dispositions 6 139 6 261
Other income 17 19 35 89
Total Revenues and Other Income 22,307 29,077 40,067 52,503
Costs and Expenses        
Purchased crude oil and products 16,198 22,253 28,128 38,948
Operating expenses 994 1,043 2,017 2,137
Selling, general and administrative expenses 421 406 807 800
Depreciation and amortization 290 274 570 527
Impairments 2 2 2 2
Taxes other than income taxes [1] 3,594 3,549 7,055 7,011
Accretion on discounted liabilities 5 6 10 11
Interest and debt expense 83 79 169 165
Foreign currency transaction (gains) losses     (7) 49
Total Costs and Expenses 21,587 27,612 38,751 49,650
Income before income taxes 720 1,465 1,316 2,853
Provision for income taxes 204 440 402 831
Net Income 516 1,025 914 2,022
Less: net income attributable to noncontrolling interests 20 13 33 23
Net Income Attributable to Phillips 66 $ 496 $ 1,012 $ 881 $ 1,999
Net Income Attributable to Phillips 66 Per Share of Common Stock (dollars)        
Earnings Per Share, Basic (in usd per share) $ 0.94 $ 1.85 $ 1.66 $ 3.65
Earnings Per Share, Diluted (in usd per share) 0.93 1.84 1.65 3.63
Dividends Paid Per Share of Common Stock (in usd per share) $ 0.63 $ 0.56 $ 1.19 $ 1.06
Average Common Shares Outstanding (in thousands)        
Basic (shares in thousands) 528,247 544,617 529,993 546,398
Diluted (shares in thousands) 531,060 548,926 532,815 550,985
[1] Includes excise taxes on petroleum products sales: