XML 146 R129.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidating Financial Information (Balance Sheet) (Details) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Assets        
Cash and cash equivalents $ 2,711 $ 3,074 $ 5,207 $ 5,400
Accounts and notes receivable 6,397 5,173    
Inventories 3,150 3,477    
Prepaid expenses and other current assets 422 532    
Total Current Assets 12,680 12,256    
Investments and long-term receivables 13,534 12,143    
Net properties, plants and equipment 20,855 19,721    
Goodwill 3,270 3,275 3,274  
Intangibles 888 906    
Other assets 426 279    
Total Assets 51,653 48,580 48,692  
Liabilities and Equity        
Accounts payable 7,061 5,655    
Short-term debt 550 44    
Accrued income and other taxes 805 878    
Employee benefit obligations 527 576    
Other accruals 520 378    
Total Current Liabilities 9,463 7,531    
Long-term debt 9,588 8,843    
Asset retirement obligations and accrued environmental costs 655 665    
Deferred income taxes 6,743 6,041    
Employee benefit obligations 1,216 1,285    
Other liabilities and deferred credits 263 277    
Total Liabilities 27,928 24,642    
Common stock 10,777 11,405    
Retained earnings 12,608 12,348    
Accumulated other comprehensive income (loss) (995) (653) (531) 37
Noncontrolling interests 1,335 838    
Total Liabilities and Equity 51,653 48,580    
Consolidating Adjustments        
Assets        
Cash and cash equivalents 0 0 0 0
Accounts and notes receivable (1,228) (701)    
Inventories 0 0    
Prepaid expenses and other current assets 0 0    
Total Current Assets (1,228) (701)    
Investments and long-term receivables (48,952) (52,635)    
Net properties, plants and equipment 0 0    
Goodwill 0 0    
Intangibles 0 0    
Other assets (2) (4)    
Total Assets (50,182) (53,340)    
Liabilities and Equity        
Accounts payable (1,228) (701)    
Short-term debt 0 0    
Accrued income and other taxes 0 0    
Employee benefit obligations 0 0    
Other accruals 0 0    
Total Current Liabilities (1,228) (701)    
Long-term debt 0 0    
Asset retirement obligations and accrued environmental costs 0 0    
Deferred income taxes (2) (4)    
Employee benefit obligations 0 0    
Other liabilities and deferred credits (8,431) (8,968)    
Total Liabilities (9,661) (9,673)    
Common stock (35,520) (36,092)    
Retained earnings (6,474) (8,347)    
Accumulated other comprehensive income (loss) 1,473 772    
Noncontrolling interests 0 0    
Total Liabilities and Equity (50,182) (53,340)    
Phillips 66 | Reportable Legal Entities        
Assets        
Cash and cash equivalents 0 0 0 0
Accounts and notes receivable 13 14    
Inventories 0 0    
Prepaid expenses and other current assets 2 2    
Total Current Assets 15 16    
Investments and long-term receivables 31,165 33,315    
Net properties, plants and equipment 0 0    
Goodwill 0 0    
Intangibles 0 0    
Other assets 15 16    
Total Assets 31,195 33,347    
Liabilities and Equity        
Accounts payable 0 0    
Short-term debt 500 0    
Accrued income and other taxes 0 0    
Employee benefit obligations 0 0    
Other accruals 59 59    
Total Current Liabilities 559 59    
Long-term debt 6,920 7,413    
Asset retirement obligations and accrued environmental costs 0 0    
Deferred income taxes 0 0    
Employee benefit obligations 0 0    
Other liabilities and deferred credits 1,297 2,746    
Total Liabilities 8,776 10,218    
Common stock 10,777 11,405    
Retained earnings 12,637 12,377    
Accumulated other comprehensive income (loss) (995) (653)    
Noncontrolling interests 0 0    
Total Liabilities and Equity 31,195 33,347    
Phillips 66 Company | Reportable Legal Entities        
Assets        
Cash and cash equivalents 854 575 2,045 2,162
Accounts and notes receivable 4,336 3,643    
Inventories 2,198 2,171    
Prepaid expenses and other current assets 317 382    
Total Current Assets 7,705 6,771    
Investments and long-term receivables 22,733 24,068    
Net properties, plants and equipment 13,044 12,651    
Goodwill 2,853 3,040    
Intangibles 719 726    
Other assets 245 154    
Total Assets 47,299 47,410    
Liabilities and Equity        
Accounts payable 5,626 4,015    
Short-term debt 30 25    
Accrued income and other taxes 348 320    
Employee benefit obligations 475 528    
Other accruals 371 240    
Total Current Liabilities 6,850 5,128    
Long-term debt 150 158    
Asset retirement obligations and accrued environmental costs 501 496    
Deferred income taxes 4,391 4,500    
Employee benefit obligations 948 1,094    
Other liabilities and deferred credits 3,337 2,765    
Total Liabilities 16,177 14,141    
Common stock 25,403 25,404    
Retained earnings 6,714 8,518    
Accumulated other comprehensive income (loss) (995) (653)    
Noncontrolling interests 0 0    
Total Liabilities and Equity 47,299 47,410    
All Other Subsidiaries | Reportable Legal Entities        
Assets        
Cash and cash equivalents 1,857 2,499 $ 3,162 $ 3,238
Accounts and notes receivable 3,276 2,217    
Inventories 952 1,306    
Prepaid expenses and other current assets 103 148    
Total Current Assets 6,188 6,170    
Investments and long-term receivables 8,588 7,395    
Net properties, plants and equipment 7,811 7,070    
Goodwill 417 235    
Intangibles 169 180    
Other assets 168 113    
Total Assets 23,341 21,163    
Liabilities and Equity        
Accounts payable 2,663 2,341    
Short-term debt 20 19    
Accrued income and other taxes 457 558    
Employee benefit obligations 52 48    
Other accruals 90 79    
Total Current Liabilities 3,282 3,045    
Long-term debt 2,518 1,272    
Asset retirement obligations and accrued environmental costs 154 169    
Deferred income taxes 2,354 1,545    
Employee benefit obligations 268 191    
Other liabilities and deferred credits 4,060 3,734    
Total Liabilities 12,636 9,956    
Common stock 10,117 10,688    
Retained earnings (269) (200)    
Accumulated other comprehensive income (loss) (478) (119)    
Noncontrolling interests 1,335 838    
Total Liabilities and Equity $ 23,341 $ 21,163