Phillips 66 Allowance for doubtful accounts decreased by 2.9% to $66.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 5.7%, from $70.00M to $66.00M. Over 5 years (FY 2020 to FY 2025), Allowance for doubtful accounts shows an upward trend with a 12.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase suggests deteriorating credit quality among customers or a more conservative accounting estimate of collectability.
This represents the estimated portion of accounts receivable that the company expects will not be collected from custome...
Standard accounting practice for all companies extending credit to customers.
other_allowance_for_doubtful_accounts_receivable_current| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $46.00M | $36.00M | $44.00M | $44.00M | $62.00M | $64.00M | $67.00M | $67.00M | $68.00M | $71.00M | $71.00M | $75.00M | $73.00M | $77.00M | $70.00M | $70.00M | $70.00M | $73.00M | $68.00M | $66.00M |
| QoQ Change | — | -21.7% | +22.2% | +0.0% | +40.9% | +3.2% | +4.7% | +0.0% | +1.5% | +4.4% | +0.0% | +5.6% | -2.7% | +5.5% | -9.1% | +0.0% | +0.0% | +4.3% | -6.8% | -2.9% |
| YoY Change | — | — | — | — | +34.8% | +77.8% | +52.3% | +52.3% | +9.7% | +10.9% | +6.0% | +11.9% | +7.4% | +8.5% | -1.4% | -6.7% | -4.1% | -5.2% | -2.9% | -5.7% |