Phillips 66 Estimated excess of current replacement cost over LIFO cost of inventories increased by 191.7% to $10.50B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 94.4%, from $5.40B to $10.50B. Over 5 years (FY 2020 to FY 2025), Estimated excess of current replacement cost over LIFO cost of inventories shows an upward trend with a 5.9% CAGR.
A larger gap indicates significant unrealized gains or potential tax liabilities if inventory levels are reduced.
This represents the difference between the current market replacement cost of inventory and the value reported under the...
Used by analysts to normalize earnings for companies using LIFO accounting.
other_excess_of_replacement_or_current_costs_over_stated_d85332| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.80B | $6.10B | $5.70B | $9.40B | $10.50B | $7.30B | $6.30B | $6.00B | $5.40B | $7.70B | $5.30B | $6.30B | $5.90B | $4.50B | $4.90B | $5.40B | $4.50B | $4.50B | $3.60B | $10.50B |
| QoQ Change | — | +5.2% | -6.6% | +64.9% | +11.7% | -30.5% | -13.7% | -4.8% | -10.0% | +42.6% | -31.2% | +18.9% | -6.3% | -23.7% | +8.9% | +10.2% | -16.7% | +0.0% | -20.0% | +191.7% |
| YoY Change | — | — | — | — | +81.0% | +19.7% | +10.5% | -36.2% | -48.6% | +5.5% | -15.9% | +5.0% | +9.3% | -41.6% | -7.5% | -14.3% | -23.7% | +0.0% | -26.5% | +94.4% |