Phillips 66 PSX Estimated excess of current replacement cost over LIFO cost of inventories
Estimated excess of current replacement cost over LIFO cost of inventories at other companies
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Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue.
The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Phillips 66's estimated excess of current replacement cost over LIFO cost of inventories?
- Phillips 66 (PSX) reported estimated excess of current replacement cost over LIFO cost of inventories of $10.5B in Q1 2026.
- How has Phillips 66's estimated excess of current replacement cost over LIFO cost of inventories changed year-over-year?
- Phillips 66's estimated excess of current replacement cost over LIFO cost of inventories increased by 94.4% year-over-year, from $5.4B to $10.5B.
- What is the long-term trend for Phillips 66's estimated excess of current replacement cost over LIFO cost of inventories?
- Over 5 years (2020 to 2025), Phillips 66's estimated excess of current replacement cost over LIFO cost of inventories has grown at a 5.9% compound annual growth rate (CAGR), from $2.7B to $3.6B.
- What does estimated excess of current replacement cost over LIFO cost of inventories mean?
- This represents the difference between the current market replacement cost of inventory and the value reported under the LIFO method. It serves as a supplemental disclosure to help investors understand the 'LIFO reserve,' which indicates the potential tax benefit or earnings impact if LIFO layers were liquidated. It is a critical measure for assessing the true economic value of inventory.