$PSX
Phillips 66

2012 Q3 Form 10-Q Financial Statement

#000119312512446999 Filed on November 01, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $42.95B $50.61B
YoY Change -15.15%
Cost Of Revenue $36.19B $43.91B
YoY Change -17.57%
Gross Profit $6.756B $6.705B
YoY Change 0.76%
Gross Profit Margin 15.73% 13.25%
Selling, General & Admin $432.0M $372.0M
YoY Change 16.13%
% of Gross Profit 6.39% 5.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $229.0M $222.0M
YoY Change 3.15% -66.36%
% of Gross Profit 3.39% 3.31%
Operating Expenses $432.0M $372.0M
YoY Change 16.13%
Operating Profit $6.324B $6.333B
YoY Change -0.14%
Interest Expense $900.0M $834.0M
YoY Change 7.91%
% of Operating Profit 14.23% 13.17%
Other Income/Expense, Net $4.000M $18.00M
YoY Change -77.78%
Pretax Income $2.449B $1.550B
YoY Change 58.0%
Income Tax $848.0M $499.0M
% Of Pretax Income 34.63% 32.19%
Net Earnings $1.599B $1.049B
YoY Change 52.43%
Net Earnings / Revenue 3.72% 2.07%
Basic Earnings Per Share $2.53 $1.67
Diluted Earnings Per Share $2.51 $1.65
COMMON SHARES
Basic Shares Outstanding 630.7M shares 627.6M shares
Diluted Shares Outstanding 637.9M shares 634.6M shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.430B $0.00
YoY Change
Cash & Equivalents $4.430B $0.00
Short-Term Investments
Other Short-Term Assets $907.0M $807.0M
YoY Change 12.39%
Inventory $5.743B $6.148B
Prepaid Expenses
Receivables $10.79B $10.89B
Other Receivables $0.00 $0.00
Total Short-Term Assets $21.87B $17.84B
YoY Change 22.58%
LONG-TERM ASSETS
Property, Plant & Equipment $15.31B $14.65B
YoY Change 4.5%
Goodwill $3.344B
YoY Change
Intangibles $726.0M
YoY Change
Long-Term Investments $10.80B $10.95B
YoY Change -1.39%
Other Assets $176.0M $120.0M
YoY Change 46.67%
Total Long-Term Assets $30.36B $30.08B
YoY Change 0.92%
TOTAL ASSETS
Total Short-Term Assets $21.87B $17.84B
Total Long-Term Assets $30.36B $30.08B
Total Assets $52.23B $47.92B
YoY Change 8.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.27B $11.37B
YoY Change 7.92%
Accrued Expenses $2.349B $1.853B
YoY Change 26.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $585.0M $32.00M
YoY Change 1728.13%
Total Short-Term Liabilities $16.39B $14.33B
YoY Change 14.32%
LONG-TERM LIABILITIES
Long-Term Debt $7.393B $365.0M
YoY Change 1925.48%
Other Long-Term Liabilities $2.409B $1.386B
YoY Change 73.81%
Total Long-Term Liabilities $9.802B $1.751B
YoY Change 459.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.39B $14.33B
Total Long-Term Liabilities $9.802B $1.751B
Total Liabilities $31.62B $21.58B
YoY Change 46.55%
SHAREHOLDERS EQUITY
Retained Earnings $2.164B
YoY Change
Common Stock $18.65B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $111.0M
YoY Change
Treasury Stock Shares 2.594M shares
Shareholders Equity $20.57B $26.34B
YoY Change
Total Liabilities & Shareholders Equity $52.23B $47.92B
YoY Change 8.99%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $1.599B $1.049B
YoY Change 52.43%
Depreciation, Depletion And Amortization $229.0M $222.0M
YoY Change 3.15% -66.36%
Cash From Operating Activities $1.918B $737.0M
YoY Change 160.24% -244.23%
INVESTING ACTIVITIES
Capital Expenditures -$339.0M -$260.0M
YoY Change 30.38% -64.48%
Acquisitions
YoY Change
Other Investing Activities -$81.00M $274.0M
YoY Change -129.56% -43.27%
Cash From Investing Activities -$420.0M $14.00M
YoY Change -3100.0% -105.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -196.0M -751.0M
YoY Change -73.9% -198.82%
NET CHANGE
Cash From Operating Activities 1.918B 737.0M
Cash From Investing Activities -420.0M 14.00M
Cash From Financing Activities -196.0M -751.0M
Net Change In Cash 1.302B 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities $1.918B $737.0M
Capital Expenditures -$339.0M -$260.0M
Free Cash Flow $2.257B $997.0M
YoY Change 126.38% 351.13%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2009Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50 pure
CY2012Q3 psx Financing Agreement Amount
FinancingAgreementAmount
100000000
CY2012Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5800000000
CY2011Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
26372000000
CY2012Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2000000000
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
625806484 shares
CY2012Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
2594400 shares
CY2012Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2500000000 shares
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20606000000
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
469000000
CY2012Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
350000000
CY2012Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
33000000
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-129000000
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
16386000000
CY2012Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
907000000
CY2012Q3 us-gaap Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
562000000
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
52230000000
CY2012Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5800000000
CY2012Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7393000000
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2164000000
CY2012Q3 us-gaap Assets
Assets
52230000000
CY2012Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1751000000
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4430000000
CY2012Q3 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
0.60 pure
CY2012Q3 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
7900000000
CY2012Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
4000000000
CY2012Q3 us-gaap Inventory Net
InventoryNet
5743000000
CY2012Q3 us-gaap Minority Interest
MinorityInterest
33000000
CY2012Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
52000000
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23567000000
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
176000000
CY2012Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
5436000000
CY2012Q3 us-gaap Debt Current
DebtCurrent
585000000
CY2012Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
628400884 shares
CY2012Q3 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
5454000000
CY2012Q3 us-gaap Common Stock Value
CommonStockValue
6000000
CY2012Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
1392000000
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-2000000
CY2012Q3 us-gaap Goodwill
Goodwill
3344000000
CY2012Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
607000000
CY2012Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
30000000
CY2012Q3 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
283000000
CY2012Q3 us-gaap Liabilities
Liabilities
31624000000
CY2012Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
726000000
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
111000000
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15311000000
CY2012Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
96000000
CY2012Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
1657000000
CY2012Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
533000000
CY2012Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1721000000
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-596000000
CY2012Q3 us-gaap Assets Current
AssetsCurrent
21873000000
CY2012Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1081000000
CY2012Q3 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
5303000000
CY2012Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
289000000
CY2012Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8256000000
CY2012Q3 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Letter Of Credit Facilities
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForLetterOfCreditFacilities
166000000
CY2012Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
18643000000
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
20573000000
CY2012Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50 pure
CY2012Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
1185000000
CY2012Q3 psx Percentage Of Ownership In Subsidiary
PercentageOfOwnershipInSubsidiary
1.00 pure
CY2012Q3 psx Accounts And Notes Receivable Net Of Allowance
AccountsAndNotesReceivableNetOfAllowance
9136000000
CY2012Q3 psx Accounts Payable Excluding Related Parties
AccountsPayableExcludingRelatedParties
12267000000
CY2012Q3 psx Asset Retirement Obligations And Accrued Environmental Cost
AssetRetirementObligationsAndAccruedEnvironmentalCost
766000000
CY2012Q3 psx Employee Benefit Obligations Current
EmployeeBenefitObligationsCurrent
350000000
CY2012Q3 psx Expected Years To Incur Majority Of Expenditures
ExpectedYearsToIncurMajorityOfExpenditures
P30Y
CY2012Q3 psx Investments And Long Term Receivables
InvestmentsAndLongTermReceivables
10800000000
CY2012Q3 psx Performance Obligations Secured By Letters Of Credit
PerformanceObligationsSecuredByLettersOfCredit
1482000000
CY2012Q3 psx Non Monetary Notional Amount Of Price Risk Derivative Instruments Not Designated As Hedging Instruments Short Position
NonMonetaryNotionalAmountOfPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsShortPosition
27000000 MMB
CY2012Q3 psx Trade Receivables Securitization Facility Borrowing Capacity
TradeReceivablesSecuritizationFacilityBorrowingCapacity
1200000000
CY2012Q3 psx Accounts Payable Including Related Parties
AccountsPayableIncludingRelatedParties
13452000000
CY2012Q3 psx Accounts And Notes Receivable Net Including Related Parties
AccountsAndNotesReceivableNetIncludingRelatedParties
10793000000
CY2012Q3 psx Percentage Of Equity Method Investment Financial Information Presented
PercentageOfEquityMethodInvestmentFinancialInformationPresented
1.00 pure
CY2012Q3 psx Common Stock And Other
CommonStockAndOther
6000000
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
26026000000
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23293000000
CY2011Q4 psx Asset Retirement Obligations And Accrued Environmental Cost
AssetRetirementObligationsAndAccruedEnvironmentalCost
787000000
CY2011Q4 psx Employee Benefit Obligations Current
EmployeeBenefitObligationsCurrent
64000000
CY2011Q4 psx Investments And Long Term Receivables
InvestmentsAndLongTermReceivables
10306000000
CY2011Q4 psx Net Parent Company Investment
NetParentCompanyInvestment
23142000000
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
64000000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
270000000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
122000000
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
12384000000
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
457000000
CY2011Q4 us-gaap Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
466000000
CY2011Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
361000000
CY2011Q4 us-gaap Assets
Assets
43211000000
CY2011Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
665000000
CY2011Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
8600000000
CY2011Q4 us-gaap Inventory Net
InventoryNet
3466000000
CY2011Q4 us-gaap Minority Interest
MinorityInterest
29000000
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
13000000
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23156000000
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
122000000
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
5803000000
CY2011Q4 us-gaap Debt Current
DebtCurrent
30000000
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
43211000000
CY2011Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
3193000000
CY2011Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1087000000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-3000000
CY2011Q4 us-gaap Goodwill
Goodwill
3332000000
CY2011Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
411000000
CY2011Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-34000000
CY2011Q4 us-gaap Liabilities
Liabilities
19918000000
CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
732000000
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14771000000
CY2011Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
55000000
CY2011Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
1671000000
CY2011Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
542000000
CY2011Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
699000000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-145000000
CY2011Q4 us-gaap Assets Current
AssetsCurrent
13948000000
CY2011Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
117000000
CY2011Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
3046000000
CY2011Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
273000000
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8385000000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
23264000000
CY2011Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
785000000
CY2011Q4 psx Accounts And Notes Receivable Net Of Allowance
AccountsAndNotesReceivableNetOfAllowance
8354000000
CY2011Q4 psx Accounts Payable Excluding Related Parties
AccountsPayableExcludingRelatedParties
10007000000
CY2011Q4 psx Non Monetary Notional Amount Of Price Risk Derivative Instruments Not Designated As Hedging Instruments Short Position
NonMonetaryNotionalAmountOfPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsShortPosition
13000000 MMB
CY2011Q4 psx Accounts Payable Including Related Parties
AccountsPayableIncludingRelatedParties
10792000000
CY2011Q4 psx Accounts And Notes Receivable Net Including Related Parties
AccountsAndNotesReceivableNetIncludingRelatedParties
10025000000
psx Proceeds From Payments To Parent Company Net
ProceedsFromPaymentsToParentCompanyNet
5255000000
us-gaap Defined Benefit Plan Assets Transferred To From Plan
DefinedBenefitPlanAssetsTransferredToFromPlan
2063000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
28000000
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
13109000000
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
81000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
488000000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
1000000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
1100000000
us-gaap Profit Loss
ProfitLoss
2768000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
157000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
11000000
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
28000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
627628000 shares
us-gaap Repayments Of Debt
RepaymentsOfDebt
20000000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35 pure
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-79000000
us-gaap Interest And Debt Expense
InterestAndDebtExpense
11000000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
2000000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1000000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7017000 shares
us-gaap Depreciation And Amortization
DepreciationAndAmortization
667000000
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
10533000000
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
1476000000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-17000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-67000000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.40
us-gaap Cost Of Purchased Oil And Gas
CostOfPurchasedOilAndGas
129853000000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2042000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-7000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
573000000
us-gaap Net Income Loss
NetIncomeLoss
2764000000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
897000000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1000000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4000000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.36
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
634645000 shares
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2432000000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2697000000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
2000000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
332000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
56000000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1042000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1505000000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
7000000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4000000
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
550000000
us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
16000000
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
288000000
us-gaap Sales Revenue Net
SalesRevenueNet
147983000000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2330000000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2764000000
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
6515000000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-56000000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2701000000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2764000000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1863000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2275000000
psx Operating Expense
OperatingExpense
3087000000
psx Related Party Transaction Purchases From Transactions With Related Party
RelatedPartyTransactionPurchasesFromTransactionsWithRelatedParty
25354000000
psx Capital Expenditures And Investments
CapitalExpendituresAndInvestments
653000000
psx Cost And Expenses
CostAndExpenses
145893000000
psx Income Loss Before Income Taxes
IncomeLossBeforeIncomeTaxes
4273000000
psx Increase Decrease In Taxes And Other Accruals
IncreaseDecreaseInTaxesAndOtherAccruals
79000000
psx Intercompany Revenues
IntercompanyRevenues
psx Proceeds From Asset Dispositions
ProceedsFromAssetDispositions
204000000
psx Revenues And Other Income
RevenuesAndOtherIncome
150166000000
psx Taxes Other Than Income Taxes
TaxesOtherThanIncomeTaxes
10785000000
psx Amortization To Net Income Of Net Actuarial Losses
AmortizationToNetIncomeOfNetActuarialLosses
-2000000
psx Gain Loss On Disposition
GainLossOnDisposition
-175000000
psx Net Transfer To Parent Company
NetTransferToParentCompany
2354000000
psx Proceeds From Payments To Parent Company Net
ProceedsFromPaymentsToParentCompanyNet
-2411000000
psx Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Income Taxes And Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeIncomeTaxesAndExtraordinaryItems
1481000000
psx Non Sponsored Defined Benefit Plans Before Tax
NonSponsoredDefinedBenefitPlansBeforeTax
16000000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0001534701
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Trading Symbol
TradingSymbol
PSX
dei Entity Registrant Name
EntityRegistrantName
Phillips 66
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
82000000
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
14904000000
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-48000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
566000000
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
42000000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
928000000
us-gaap Profit Loss
ProfitLoss
3421000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-668000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
90000000
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
82000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
628940000 shares
us-gaap Repayments Of Debt
RepaymentsOfDebt
206000000
us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
86000000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.37 pure
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
111000000
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
7794000000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
199000000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
125000000
us-gaap Interest And Debt Expense
InterestAndDebtExpense
170000000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
1000000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1000000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7645000 shares
us-gaap Depreciation And Amortization
DepreciationAndAmortization
669000000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4430000000
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
10022000000
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
2279000000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-81000000
us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
90000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
290000000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.43
us-gaap Cost Of Purchased Oil And Gas
CostOfPurchasedOilAndGas
116915000000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2253000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-52000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
111000000
us-gaap Net Income Loss
NetIncomeLoss
3416000000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
677000000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-40000000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5000000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.37
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
480000000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
111000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
636585000 shares
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2080000000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3706000000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
151000000
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
100000000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
266000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
22000000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1261000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1991000000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
27000000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
87000000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
6000000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5000000
us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
18000000
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
175000000
us-gaap Sales Revenue Net
SalesRevenueNet
135475000000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
43000000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2508000000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3415000000
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
6119000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
125000000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3711000000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3416000000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1912000000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
23000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2991000000
us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostBeforeTax
-1000000
psx Operating Expense
OperatingExpense
2960000000
psx Related Party Transaction Purchases From Transactions With Related Party
RelatedPartyTransactionPurchasesFromTransactionsWithRelatedParty
18984000000
psx Capital Expenditures And Investments
CapitalExpendituresAndInvestments
827000000
psx Cost And Expenses
CostAndExpenses
132842000000
psx Income Loss Before Income Taxes
IncomeLossBeforeIncomeTaxes
5412000000
psx Increase Decrease In Taxes And Other Accruals
IncreaseDecreaseInTaxesAndOtherAccruals
526000000
psx Payment Term Of Receivables
PaymentTermOfReceivables
30 days or less
psx Proceeds From Asset Dispositions
ProceedsFromAssetDispositions
259000000
psx Revenues And Other Income
RevenuesAndOtherIncome
138254000000
psx Taxes Other Than Income Taxes
TaxesOtherThanIncomeTaxes
10305000000
psx Amortization To Net Income Of Net Actuarial Losses
AmortizationToNetIncomeOfNetActuarialLosses
-37000000
psx Gain Loss On Disposition
GainLossOnDisposition
189000000
psx Net Transfer To Parent Company
NetTransferToParentCompany
6248000000
psx Noncash Employee Benefit Liabilities Deferred Taxes Transferred By Parent At Separation
NoncashEmployeeBenefitLiabilitiesDeferredTaxesTransferredByParentAtSeparation
340000000
psx Noncash Employee Benefit Liabilities Transferred By Parent At Separation
NoncashEmployeeBenefitLiabilitiesTransferredByParentAtSeparation
1230000000
psx Noncash Fixed Assets Transferred By Parent At Separation
NoncashFixedAssetsTransferredByParentAtSeparation
374000000
psx Proceeds From Payments To Parent Company Net
ProceedsFromPaymentsToParentCompanyNet
-5255000000
psx Separation Related Transferred Defined Benefit Plans Net Of Tax
SeparationRelatedTransferredDefinedBenefitPlansNetOfTax
-541000000
psx Separation Adjustments
SeparationAdjustments
541000000
psx Separation Related Transferred Foreign Currency Translation Adjustment Net Of Tax
SeparationRelatedTransferredForeignCurrencyTranslationAdjustmentNetOfTax
psx Separation Related Transferred Cash Flow Hedges Net Of Tax
SeparationRelatedTransferredCashFlowHedgesNetOfTax
psx Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Income Taxes And Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeIncomeTaxesAndExtraordinaryItems
2287000000
psx Non Sponsored Defined Benefit Plans Before Tax
NonSponsoredDefinedBenefitPlansBeforeTax
14000000
CY2012Q1 psx Period Of Revolving Credit Agreement
PeriodOfRevolvingCreditAgreement
P5Y
CY2012Q2 us-gaap Defined Benefit Plan Assets Transferred To From Plan
DefinedBenefitPlanAssetsTransferredToFromPlan
2092000000
CY2012Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
625272302 shares
CY2012Q2 psx Defined Benefit Plan Spinoff Transaction Benefit Obligation
DefinedBenefitPlanSpinoffTransactionBenefitObligation
3072000000
CY2012Q2 psx Separation Related Transferred Defined Benefit Plans Before Tax
SeparationRelatedTransferredDefinedBenefitPlansBeforeTax
870000000
CY2012Q2 psx Special Cash Distribution
SpecialCashDistribution
5950000000
CY2012Q2 psx Special Cash Distribution
SpecialCashDistribution
1870000000
CY2012Q3 psx Estimated Percentage Of Derivative Contract Volume Expiring Within Twelve Months
EstimatedPercentageOfDerivativeContractVolumeExpiringWithinTwelveMonths
0.99 pure
CY2011Q4 psx Estimated Percentage Of Derivative Contract Volume Expiring Within Twelve Months
EstimatedPercentageOfDerivativeContractVolumeExpiringWithinTwelveMonths
0.99 pure
CY2012Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
185000000
CY2012Q2 psx Period For Amortization Of Term Loan
PeriodForAmortizationOfTermLoan
P3Y
CY2011Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
4615000000
CY2011Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
21000000
CY2011Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
486000000
CY2011Q3 us-gaap Profit Loss
ProfitLoss
1051000000
CY2011Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
4000000
CY2011Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
18000000
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
627628000 shares
CY2011Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.32 pure
CY2011Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-36000000
CY2011Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
4000000
CY2011Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7017000 shares
CY2011Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
222000000
CY2011Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
3596000000
CY2011Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
638000000
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-32000000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.67
CY2011Q3 us-gaap Cost Of Purchased Oil And Gas
CostOfPurchasedOilAndGas
43905000000
CY2011Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-2000000
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
1049000000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2000000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
634645000 shares
CY2011Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1017000000
CY2011Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-15000000
CY2011Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-18000000
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
372000000
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
499000000
CY2011Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
3000000
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000000
CY2011Q3 us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
5000000
CY2011Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
97000000
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
50610000000
CY2011Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
856000000
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1049000000
CY2011Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
2107000000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1019000000
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1049000000
CY2011Q3 psx Operating Expense
OperatingExpense
1027000000
CY2011Q3 psx Related Party Transaction Purchases From Transactions With Related Party
RelatedPartyTransactionPurchasesFromTransactionsWithRelatedParty
8938000000
CY2011Q3 psx Cost And Expenses
CostAndExpenses
49713000000
CY2011Q3 psx Income Loss Before Income Taxes
IncomeLossBeforeIncomeTaxes
1550000000
CY2011Q3 psx Revenues And Other Income
RevenuesAndOtherIncome
51263000000
CY2011Q3 psx Taxes Other Than Income Taxes
TaxesOtherThanIncomeTaxes
3674000000
CY2011Q3 psx Gain Loss On Disposition
GainLossOnDisposition
-221000000
CY2011Q3 psx Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Income Taxes And Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeIncomeTaxesAndExtraordinaryItems
640000000
CY2011Q3 psx Non Sponsored Defined Benefit Plans Before Tax
NonSponsoredDefinedBenefitPlansBeforeTax
6000000
CY2012Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
4996000000
CY2012Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
248000000
CY2012Q3 us-gaap Profit Loss
ProfitLoss
1601000000
CY2012Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
18000000
CY2012Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4000000
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
630672000 shares
CY2012Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35 pure
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
210000000
CY2012Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
74000000
CY2012Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
1000000
CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7241000 shares
CY2012Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
229000000
CY2012Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
3312000000
CY2012Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
976000000
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
229000000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.53
CY2012Q3 us-gaap Cost Of Purchased Oil And Gas
CostOfPurchasedOilAndGas
36189000000
CY2012Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-10000000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
1599000000
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2000000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.51
CY2012Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1000000
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
637913000 shares
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1828000000
CY2012Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
210000000
CY2012Q3 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
100000000
CY2012Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
15000000
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
432000000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
848000000
CY2012Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
2000000
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000000
CY2012Q3 us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
7000000
CY2012Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
32000000
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
42945000000
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
959000000
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1598000000
CY2012Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1883000000
CY2012Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1830000000
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1599000000
CY2012Q3 psx Operating Expense
OperatingExpense
884000000
CY2012Q3 psx Related Party Transaction Purchases From Transactions With Related Party
RelatedPartyTransactionPurchasesFromTransactionsWithRelatedParty
4176000000
CY2012Q3 psx Cost And Expenses
CostAndExpenses
41458000000
CY2012Q3 psx Income Loss Before Income Taxes
IncomeLossBeforeIncomeTaxes
2449000000
CY2012Q3 psx Revenues And Other Income
RevenuesAndOtherIncome
43907000000
CY2012Q3 psx Taxes Other Than Income Taxes
TaxesOtherThanIncomeTaxes
3410000000
CY2012Q3 psx Amortization To Net Income Of Net Actuarial Losses
AmortizationToNetIncomeOfNetActuarialLosses
-22000000
CY2012Q3 psx Exchange Offer Period Maximum
ExchangeOfferPeriodMaximum
P1Y
CY2012Q3 psx Gain Loss On Disposition
GainLossOnDisposition
-1000000
CY2012Q3 psx Trade Receivables Securitization Facility Period
TradeReceivablesSecuritizationFacilityPeriod
P3Y
CY2012Q3 psx Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Income Taxes And Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeIncomeTaxesAndExtraordinaryItems
980000000
CY2012Q3 psx Non Sponsored Defined Benefit Plans Before Tax
NonSponsoredDefinedBenefitPlansBeforeTax
6000000

Files In Submission

Name View Source Status
0001193125-12-446999-index-headers.html Edgar Link pending
0001193125-12-446999-index.html Edgar Link pending
0001193125-12-446999.txt Edgar Link pending
0001193125-12-446999-xbrl.zip Edgar Link pending
d404491d10q.htm Edgar Link pending
d404491dex12.htm Edgar Link pending
d404491dex311.htm Edgar Link pending
d404491dex312.htm Edgar Link pending
d404491dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
psx-20120930.xml Edgar Link completed
psx-20120930.xsd Edgar Link pending
psx-20120930_cal.xml Edgar Link unprocessable
psx-20120930_def.xml Edgar Link unprocessable
psx-20120930_lab.xml Edgar Link unprocessable
psx-20120930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending