Phillips 66 PSX Allowance for doubtful accounts
Allowance for doubtful accounts at other companies
Other financials
Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent.
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 allowance for doubtful accounts?
- Phillips 66 (PSX) reported allowance for doubtful accounts of $66M in Q1 2026.
- How has Phillips 66's allowance for doubtful accounts changed year-over-year?
- Phillips 66's allowance for doubtful accounts decreased by 5.7% year-over-year, from $70M to $66M.
- What is the long-term trend for Phillips 66's allowance for doubtful accounts?
- Over 5 years (2020 to 2025), Phillips 66's allowance for doubtful accounts has grown at a 12.9% compound annual growth rate (CAGR), from $37M to $68M.
- What does allowance for doubtful accounts mean?
- This is a contra-asset account representing the portion of accounts receivable that the company estimates will not be collected from customers. It reflects management's assessment of credit risk and potential bad debt within the current trade receivables portfolio. Changes in this balance provide insight into the credit quality of the company's customer base and overall economic conditions.