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v3.20.2

Debt (Details) - USD ($) |  |  |  | 1 Months Ended |  |
--- | --- | --- | --- | --- | --- | ---
Jun. 10, 2020 | Apr. 09, 2020 | Mar. 19, 2020 | Apr. 30, 2020 | Jun. 30, 2020 | Apr. 06, 2020
Senior Notes |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt issued and guaranteed | $ 1,000,000,000 | $ 1,000,000,000 |  |  |  |
Senior Notes | 2.150% Senior Notes due June 8, 2030 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt issued and guaranteed | $ 850,000,000 |  |  |  |  |
Debt interest rate | 2.15% |  |  |  |  |
Senior Notes | 3.70% Senior Notes due April 6, 2023 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt issued and guaranteed |  | $ 500,000,000 |  |  |  |
Debt interest rate |  | 3.70% |  |  |  |
Senior Notes | 3.850% Senior Notes due April 9, 2025 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt issued and guaranteed | $ 650,000,000 | $ 650,000,000 |  |  |  |
Debt interest rate | 3.85% | 3.85% |  |  |  |
Senior Notes | 3.850% Senior Notes Due April 9, 2025, Portion Issued June 10, 2020 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt issued and guaranteed | $ 150,000,000 |  |  |  |  |
Senior Notes | 3.850% Senior Notes Due April 9, 2025, Portion Issued April 9, 2020 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt issued and guaranteed |  | $ 500,000,000 |  |  |  |
Senior Notes | Senior Unsecured Notes |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Proceeds from borrowings | $ 1,008,000,000 | $ 993,000,000 |  |  |  |
Line of Credit | Term Loan |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Proceeds from borrowings |  |  | $ 1,000,000,000 |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 1,000,000,000 |  |  | $ 2,000,000,000
Delayed term |  |  | 364 days |  |  |
Undrawn capacity |  |  |  |  | $ 1,000,000,000 |
Line of Credit | Revolving Credit Facility | Phillips 66 Partners LP | Variable Interest Entity, Primary Beneficiary |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  | 750,000,000 |
Amount borrowed |  |  |  |  | 215,000,000 |
Line of Credit | Letter of Credit | Phillips 66 Partners LP | Variable Interest Entity, Primary Beneficiary |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Amount borrowed |  |  |  |  | $ 3,000,000 |
Loans Payable | Floating Rate Notes Due April 2020 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Repayments of debt |  |  |  | $ 300,000,000 |  |
Loans Payable | Term Loan Due April 2020 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Repayments of debt |  |  |  | 200,000,000 |  |
Tax-Exempt Bonds | Tax Exempt Bonds Due 2020 | Phillips 66 Partners LP | Variable Interest Entity, Primary Beneficiary |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Repayments of debt |  |  |  | $ 25,000,000 |  |

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- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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