Other

Phillips 66·Balance Sheet Statement·84 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Financial And Nonfinancial Liability, Fair Value, Amount Offset Against Collateral	$19.7B	$19.7B	$19.7B	$18.5B	$20.8B	$21.5B	$19.4B	$27.4B
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset	$3.2B	$5.6B	$2.1B	$3.1B	$4.7B	$2.4B	$2.7B	$25.4B
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset	$3.2B	$5.6B	$2.1B	$3.1B	$4.7B	$2.4B	$2.7B	$25.4B
Long-Term Debt and Lease Obligation	$17.2B	$18.5B	$18.2B	$17.7B	$17.2B	$19.2B	$18.7B	$18.7B
Estimated excess of current replacement cost over LIFO cost of inventories	$5.9B	$4.5B	$4.9B	$5.4B	$4.5B	$4.5B	$3.6B	$10.5B
Accounts receivable	$8.9B	$8.5B	$8.6B	$8B	$9B	$8.6B	$7.8B	$9.3B
Short-term debt and current portion of long-term debt	$2.8B	$1.5B	$1.8B	$1.1B	$3.7B	$2.6B	$1B	$8.4B
Deferred income taxes	$7.2B	$7.3B	$7.1B	$7B	$7B	$7B	$7.3B	$7.4B
Energy Related Inventory, Crude Oil, Products and Merchandise	$6.1B	$5.6B	$3.5B	$4.8B	$5.1B	$5.9B	$4.5B	$6.1B
LIFO Inventory Amount	$5.9B	$5.5B	$3.4B	$4.7B	$5.1B	$5.9B	$4.5B	$6.1B
Cash and cash equivalents, end of period	$2.4B	$1.6B	$1.7B	$1.5B	$1.1B	$2B	$1.1B	$5.2B
Common stock, shares authorized (in shares)	2.5B	2.5B	2.5B	2.5B	2.5B	2.5B	2.5B	2.5B
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Offset	$112M	$106M	$62M	$121M	$70M	$31M	$20M	$1.5B
Noncontrolling interests in subsidiaries	$1.1B	$1.1B	$1.1B	$1.1B	$1.1B	$1.2B	$1.1B	$1.2B
Asset, Fair Value Amount Offset Against Collateral	$272M	$362M	$355M	$268M	$376M	$414M	$304M	$827M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	$394M	$341M	$566M	$579M	$927M	$894M	$854M	$819M
Difference in Carrying Value and Fair Value	$918M	$265M	$1B	$890M	$915M	$551M	$621M	$800M
Common stock, shares issued (in shares)	656.5M	656.9M	657M	658.2M	658.3M	659.1M	659.4M	660.9M
Accrual for Environmental Loss Contingencies	$448M	$439M	$439M	$435M	$453M	$521M	$506M	$487M
Derecognized Assets Securitized Or Assetbacked Financing Arrangement Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding	—	—	—	—	—	—	$195M	$292M
Treasury stock, shares (in shares)	238M	243.9M	248.6M	250.6M	254.1M	256.2M	258.3M	260M
Contract with Customer, Liability	$162M	$183M	$232M	$203M	$208M	$215M	$198M	$210M
Allowance for doubtful accounts	$73M	$77M	$70M	$70M	$70M	$73M	$68M	$66M
Aggregate Available	—	—	—	—	—	—	—	9K
Accounts and notes receivable, percent outstanding less than 60 days	95.0%	95.0%	95.0%	95.0%	95.0%	95.0%	95.0%	95.0%
Percentage of derivative contract volume expiring within twelve months	90.0%	90.0%	90.0%	90.0%	90.0%	90.0%	90.0%	90.0%
Common stock, par value (in dollars per share)	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01
Asset Retirement Obligation	—	—	$771M	—	—	—	$721M	—
Asset Retirement Obligation And Accrual For Environmental Loss Contingencies, Current	—	—	$81M	—	—	—	$205M	—
Long-term asset retirement obligations and accrued environmental costs	—	—	$1.1B	—	—	—	$1B	—
Asset Retirement Obligation And Accrual For Environmental Loss Contingencies	—	—	$1.2B	—	—	—	$1.2B	—
Deferred Tax Liabilities, Gross	—	—	$8.2B	—	—	—	$8.4B	—
Deferred Tax Assets, Gross	—	—	$1.3B	—	—	—	$1.3B	—
Deferred Tax Assets, Net of Valuation Allowance	—	—	$1.2B	—	—	—	$1.1B	—
Loss and credit carryforwards	—	—	$162M	—	—	—	$209M	—
Compensation and benefits	—	—	$355M	—	—	—	$296M	—
Allowance for unfunded lending related commitments	—	—	$91M	—	—	—	$72M	—
Asset retirement obligations and accrued environmental costs	—	—	$299M	—	—	—	$422M	—
Deferred Tax Assets, Valuation Allowance	—	—	$137M	—	—	—	$160M	—
Deferred Tax Liabilities, Net	—	—	$7B	—	—	—	$7.3B	—
Equity investments	—	—	$1.9B	—	—	—	$1.1B	—
Investment in subsidiaries	—	—	$2.5B	—	—	—	$3.2B	—
Deferred Tax Liabilities, Other	—	—	$318M	—	—	—	$342M	—
Properties, plants and equipment, and intangibles	—	—	$3.5B	—	—	—	$3.7B	—
Deferred tax liabilities not recognized to unremitted earnings indefinitely reinvested	—	—	$1.7B	—	—	—	$1.8B	—
Defined benefit plan, amortization percentage	—	—	10.0%	—	—	—	10.0%	—
Less: Fair value of plan assets at end of period	—	—	$190M	—	—	—	$235M	—
Difference in Carrying Value and Fair Value	$0	$0	$0	$0	$0	$0	$0	$0
Securities Collateral Held /Pledged Under Master Netting Agreements	$0	$6M	$0	$0	$0	$1M	$0	$0
Equity method investments (Note 11)	—	—	$14B	—	—	—	$11.4B	—
2027	—	—	$44M	—	—	—	$49M	—
Finite-Lived Intangible Assets, Accumulated Amortization	—	—	$408M	—	—	—	$462M	—
Estimated future amortization expense (less than)	—	—	$50M	—	—	—	$50M	—
Trademarks	—	—	$612M	—	—	—	$527M	—
Loans and long-term receivables	—	—	$174M	—	—	—	$303M	—
2028	—	—	$1.6B	—	—	—	$1.3B	—
2029	—	—	$1.3B	—	—	—	$1.3B	—
2029	—	—	$1.2B	—	—	—	$1.2B	—
2030	—	—	$1.3B	—	—	—	$1.2B	—
Long-Lived Assets	—	—	$49.6B	—	—	—	$51B	—
Prepaid expenses and other current assets	—	—	$20M	—	—	—	$0	—
Other assets	—	—	$1.3B	—	—	—	$1.8B	—
Preferred Stock, Par or Stated Value Per Share	—	—	$0.01	—	—	—	$0.01	—
Preferred Stock, Shares Authorized	—	—	500M	—	—	—	500M	—
Preferred Stock, Shares Outstanding	—	—	0	—	—	—	0	—
Retained earnings related to undistributed earnings of affiliated companies	—	—	$3.7B	—	—	—	$3.7B	—
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	—	—	$88.93	—	—	—	$89.89	—
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price	—	—	$87.62	—	—	—	$89.12	—
Vested	—	—	—	—	—	—	$109M	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	—	—	4.1M	—	—	—	2.8M	—
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	—	—	3.9M	—	—	—	2.8M	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	—	—	$89.32	—	—	—	$90.11	—
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number	—	—	3.2M	—	—	—	2.6M	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value	—	—	—	—	—	—	$103M	—
Software obligations	—	—	$17M	—	—	—	$34M	—
Unrecognized tax benefits	—	—	$88M	—	—	—	$88M	—
Penalties and interest accrued on unrecognized tax benefits	—	—	$1M	—	—	—	$1M	—
Amount that if recognized, would affect the effective tax rate or regulatory liability	—	—	$87M	—	—	—	$87M	—
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two	—	—	$315M	—	—	—	$315M	—
2025	—	—	$315M	—	—	—	$315M	—
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Four	—	—	$315M	—	—	—	$315M	—
Purchase commitments, Due in 2027	—	—	$315M	—	—	—	$315M	—
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Three	—	—	$315M	—	—	—	$315M	—
Unrecorded Unconditional Purchase Obligation - Due After Year Five	—	—	$369M	—	—	—	$54M	—