Phillips 66 PSX Contract with Customer, Liability
Contract with Customer, Liability at other companies
Other financials
Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.
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 contract with customer, liability?
- Phillips 66 (PSX) reported contract with customer, liability of $210M in Q1 2026.
- How has Phillips 66's contract with customer, liability changed year-over-year?
- Phillips 66's contract with customer, liability increased by 3.4% year-over-year, from $203M to $210M.
- What is the long-term trend for Phillips 66's contract with customer, liability?
- Over 4 years (2021 to 2025), Phillips 66's contract with customer, liability has grown at a 21.8% compound annual growth rate (CAGR), from $90M to $198M.
- What does contract with customer, liability mean?
- Contract liabilities represent the company's obligation to transfer goods or services to a customer for which the company has already received consideration. This is often referred to as deferred revenue, where cash is collected before the performance obligation is satisfied. It reflects future revenue that will be recognized once the service or delivery is completed.