Other

Deferred Tax Assets, Gross

Phillips 66 Deferred Tax Assets, Gross decreased by 2.7% to $1.25B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 2.7%, from $1.29B to $1.25B. Over 5 years (FY 2020 to FY 2025), Deferred Tax Assets, Gross shows an upward trend with a 2.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryOther
SignalHigher is better
VolatilityModerate
First reportedQ4 2017
Last reportedQ4 2025

How to read this metric

Higher values indicate larger potential tax shields, though they must be evaluated against the valuation allowance.

Detailed definition

This represents the total potential tax benefits arising from temporary differences, tax credits, or net operating loss...

Peer comparison

Standard disclosure in tax footnotes; peers with complex global operations often report significant gross DTA balances.

Metric ID: other_deferred_tax_assets_gross

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$1.07B$890.00M$1.02B$1.29B$1.25B
QoQ Change—-16.7%+14.2%+26.8%-2.7%
YoY Change—-16.7%+14.2%+26.8%-2.7%
Range$890.00M – $1.29B
CAGR+17.3%
Avg YoY Growth+5.4%
Median YoY Growth+5.7%

Frequently Asked Questions

What is Phillips 66's deferred tax assets, gross?
Phillips 66 (PSX) reported deferred tax assets, gross of $1.25B in Q4 2025.
How has Phillips 66's deferred tax assets, gross changed year-over-year?
Phillips 66's deferred tax assets, gross decreased by 2.7% year-over-year, from $1.29B to $1.25B.
What is the long-term trend for Phillips 66's deferred tax assets, gross?
Over 5 years (2020 to 2025), Phillips 66's deferred tax assets, gross has grown at a 2.2% compound annual growth rate (CAGR), from $1.12B to $1.25B.
What does deferred tax assets, gross mean?
The total amount of future tax savings the company is entitled to based on current tax rules, before accounting for uncertainty.