Phillips 66 PSX Deferred Credits
Deferred Credits at other companies
Other financials
Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:DeferredCreditsAndOtherLiabilitiesNoncurrent.
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 deferred credits?
- Phillips 66 (PSX) reported deferred credits of $2.61B in Q1 2026.
- How has Phillips 66's deferred credits changed year-over-year?
- Phillips 66's deferred credits increased by 27.4% year-over-year, from $2.05B to $2.61B.
- What is the long-term trend for Phillips 66's deferred credits?
- Over 5 years (2020 to 2025), Phillips 66's deferred credits has grown at a 17.5% compound annual growth rate (CAGR), from $1.13B to $2.53B.
- What does deferred credits mean?
- Deferred credits consist of liabilities arising from revenue received in advance or other accounting adjustments that will be recognized as income in future periods. These items represent obligations to provide goods or services or to fulfill contractual requirements that have not yet been earned under accrual accounting. This category helps bridge the gap between cash receipt and revenue recognition.