Phillips 66 PSX Deferred Tax Assets, Valuation Allowance
Deferred Tax Assets, Valuation Allowance at other companies
Other financials
Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:DeferredTaxAssetsValuationAllowance.
The official record: Phillips 66’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Phillips 66's deferred tax assets, valuation allowance?
- Phillips 66 (PSX) reported deferred tax assets, valuation allowance of $160M in Q4 2025.
- How has Phillips 66's deferred tax assets, valuation allowance changed year-over-year?
- Phillips 66's deferred tax assets, valuation allowance increased by 16.8% year-over-year, from $137M to $160M.
- What is the long-term trend for Phillips 66's deferred tax assets, valuation allowance?
- Over 5 years (2020 to 2025), Phillips 66's deferred tax assets, valuation allowance has grown at a 32.0% compound annual growth rate (CAGR), from $40M to $160M.
- What does deferred tax assets, valuation allowance mean?
- This represents the portion of gross deferred tax assets that management believes is more likely than not to remain unrealized. It acts as a contra-asset account to adjust the carrying value of deferred tax assets based on the probability of future taxable income. A significant allowance suggests management's caution regarding future profitability or tax capacity.