What does difference in carrying value and fair value mean?

The variance between the carrying value of derivative assets on the balance sheet and their estimated fair value. This metric highlights potential accounting adjustments or valuation differences that may impact reported earnings. It is useful for understanding the precision of fair value estimates and potential future adjustments.

Phillips 66 PSX Difference in Carrying Value and Fair Value

Difference in Carrying Value and Fair Value at other companies

KKR & Co.KKR

$1.15B+71.1%

Enova InternationalENVA

$346.18M+8.4%

Capital City Bank GroupCCBG

$5.32M0.0%

KKR & Co.KKR

$756.87M+105%

Duke EnergyDUK

$14M-60.0%

Wells Fargo & CompanyWFC

-$1.1B+69.2%

Other financials

Income statement

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Revenue$32.5B+6.9%

Gross profit$3.3B+20.0%

Net income$207.0M-57.5%

EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%

Total debt$21.7B+0.7%

Total equity$28.5B+4.6%

Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$68.86B+35.5%

P/E16.7×-10.7×

P/S0.5×+0.1×

Profitability

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Gross margin12.5%+3.4pp

Net margin3.1%+1.7pp

Returns & leverage

See full

Return on equity14.8%+8.3pp

Debt / equity0.7×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept psx:DerivativeAssetDifferenceInCarryingValueAndFairValue.

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 difference in carrying value and fair value?: Phillips 66 (PSX) reported difference in carrying value and fair value of $0 in Q1 2026.
What does difference in carrying value and fair value mean?: The variance between the carrying value of derivative assets on the balance sheet and their estimated fair value. This metric highlights potential accounting adjustments or valuation differences that may impact reported earnings. It is useful for understanding the precision of fair value estimates and potential future adjustments.