$PSX
Phillips 66

2021 Q2 Form 10-Q Financial Statement

#000153470121000150 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $27.00B $10.91B $20.88B
YoY Change 147.43% -60.81% -9.63%
Cost Of Revenue $25.22B $9.608B $18.44B
YoY Change 162.47% -60.87% -12.42%
Gross Profit $1.784B $1.305B $2.438B
YoY Change 36.7% -60.37% 19.04%
Gross Profit Margin 6.61% 11.96% 11.68%
Selling, General & Admin $433.0M $409.0M $319.0M
YoY Change 5.87% 0.25% -12.84%
% of Gross Profit 24.27% 31.34% 13.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $364.0M $343.0M $342.0M
YoY Change 6.12% 2.69% 3.32%
% of Gross Profit 20.4% 26.28% 14.03%
Operating Expenses $433.0M $409.0M $319.0M
YoY Change 5.87% 0.25% -12.84%
Operating Profit $1.351B $896.0M $2.119B
YoY Change 50.78% -68.94% 25.98%
Interest Expense $696.0M $40.00M $1.377B
YoY Change 1640.0% -93.28% 1786.3%
% of Operating Profit 51.52% 4.46% 64.98%
Other Income/Expense, Net $51.00M $28.00M $0.00
YoY Change 82.14% 21.74% -100.0%
Pretax Income $436.0M -$445.0M -$2.478B
YoY Change -197.98% -124.33% -828.82%
Income Tax $62.00M -$378.0M -$51.00M
% Of Pretax Income 14.22%
Net Earnings $296.0M -$141.0M -$2.496B
YoY Change -309.93% -109.9% -1323.53%
Net Earnings / Revenue 1.1% -1.29% -11.96%
Basic Earnings Per Share $0.66 -$0.33 -$5.66
Diluted Earnings Per Share $0.66 -$0.33 -$5.66
COMMON SHARES
Basic Shares Outstanding 439.9M shares 438.8M shares 441.3M shares
Diluted Shares Outstanding 440.4M shares 438.8M shares 441.3M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.207B $1.890B $1.221B
YoY Change 16.77% 3.9% -2.55%
Cash & Equivalents $2.207B $1.890B $1.221B
Short-Term Investments
Other Short-Term Assets $759.0M $621.0M $594.0M
YoY Change 22.22% -5.34% -35.08%
Inventory $4.752B $5.136B $5.331B
Prepaid Expenses
Receivables $8.062B $4.852B $4.559B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.78B $12.50B $11.71B
YoY Change 26.25% -12.56% -20.99%
LONG-TERM ASSETS
Property, Plant & Equipment $23.69B $24.28B $24.05B
YoY Change -2.45% 7.91% 8.03%
Goodwill $1.425B $1.425B $1.425B
YoY Change 0.0% -56.42% -56.42%
Intangibles $825.0M $874.0M $880.0M
YoY Change -5.61% 0.34% 1.85%
Long-Term Investments $13.52B $13.63B $13.64B
YoY Change -0.79% -9.18% -7.78%
Other Assets $1.739B $1.810B $1.764B
YoY Change -3.92% -1.42% -5.01%
Total Long-Term Assets $41.20B $42.02B $41.76B
YoY Change -1.96% -3.37% -2.99%
TOTAL ASSETS
Total Short-Term Assets $15.78B $12.50B $11.71B
Total Long-Term Assets $41.20B $42.02B $41.76B
Total Assets $56.98B $54.52B $53.46B
YoY Change 4.51% -5.65% -7.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.066B $4.902B $4.882B
YoY Change 64.55% -32.85% -41.25%
Accrued Expenses $3.117B $2.872B $2.928B
YoY Change 8.53% 16.18% 28.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.489B $1.783B $2.243B
YoY Change 39.6% 167.32% 7376.67%
Total Short-Term Liabilities $14.55B $10.02B $10.53B
YoY Change 45.18% -10.28% -7.05%
LONG-TERM LIABILITIES
Long-Term Debt $12.92B $12.66B $10.72B
YoY Change 2.06% 17.55% -4.86%
Other Long-Term Liabilities $3.021B $3.066B $3.085B
YoY Change -1.47% 2.23% 0.88%
Total Long-Term Liabilities $15.95B $15.73B $13.81B
YoY Change 1.37% 14.22% -3.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.55B $10.02B $10.53B
Total Long-Term Liabilities $15.95B $15.73B $13.81B
Total Liabilities $36.38B $31.22B $29.82B
YoY Change 16.5% 2.45% -4.14%
SHAREHOLDERS EQUITY
Retained Earnings $15.35B $18.63B $19.17B
YoY Change -17.64% -13.03% -6.08%
Common Stock $20.47B $20.35B $20.31B
YoY Change 0.59% 2.16% 2.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.12B $17.12B $17.12B
YoY Change 0.0% 8.18% 11.38%
Treasury Stock Shares 211.8M shares 211.8M shares 211.8M shares
Shareholders Equity $18.15B $20.72B $21.37B
YoY Change
Total Liabilities & Shareholders Equity $56.98B $54.52B $53.46B
YoY Change 4.51% -5.65% -7.6%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $296.0M -$141.0M -$2.496B
YoY Change -309.93% -109.9% -1323.53%
Depreciation, Depletion And Amortization $364.0M $343.0M $342.0M
YoY Change 6.12% 2.69% 3.32%
Cash From Operating Activities $1.743B $764.0M $217.0M
YoY Change 128.14% -60.41% -145.4%
INVESTING ACTIVITIES
Capital Expenditures -$380.0M -$939.0M -$923.0M
YoY Change -59.53% 48.81% -15.86%
Acquisitions
YoY Change
Other Investing Activities $28.00M -$208.0M -$15.00M
YoY Change -113.46% -464.91% -183.33%
Cash From Investing Activities -$352.0M -$1.147B -$877.0M
YoY Change -69.31% 99.83% -13.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $437.0M
YoY Change 30.06%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -542.0M 1.047B $276.0M
YoY Change -151.77% -233.04% -197.18%
NET CHANGE
Cash From Operating Activities 1.743B 764.0M $217.0M
Cash From Investing Activities -352.0M -1.147B -$877.0M
Cash From Financing Activities -542.0M 1.047B $276.0M
Net Change In Cash 849.0M 664.0M -$393.0M
YoY Change 27.86% 16.7% -77.75%
FREE CASH FLOW
Cash From Operating Activities $1.743B $764.0M $217.0M
Capital Expenditures -$380.0M -$939.0M -$923.0M
Free Cash Flow $2.123B $1.703B $1.140B
YoY Change 24.66% -33.5% 84.17%

Facts In Submission

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Phillips 66
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us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2021Q2 us-gaap Common Stock Shares Issued
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CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
211771827 shares
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CommonStockSharesIssued
647416633 shares
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
206390806 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
5381021 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2020Q2 us-gaap Treasury Stock Shares
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211771827 shares
us-gaap Basis Of Accounting
BasisOfAccounting
Interim Financial InformationThe unaudited interim financial information presented in the financial statements included in this report is prepared in accordance with generally accepted accounting principles in the United States (GAAP) and includes all known accruals and adjustments necessary, in the opinion of management, for a fair presentation of the consolidated financial position of Phillips 66 and its results of operations and cash flows for the periods presented. Unless otherwise specified, all such adjustments are of a normal and recurring nature. Certain notes and other information have been condensed or omitted from the interim financial statements included in this report. Therefore, these interim financial statements should be read in conjunction with the consolidated financial statements and notes included in our 2020 Annual Report on Form 10-K. The results of operations for the three and six months ended June 30, 2021, are not necessarily indicative of the results expected for the full year.
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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27002000000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10913000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
48629000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31791000000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27002000000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10913000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
48629000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31791000000 USD
CY2021Q2 us-gaap Accounts Receivable Net
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5948000000 USD
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AccountsReceivableNet
3911000000 USD
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426000000 USD
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ContractWithCustomerAssetGross
404000000 USD
CY2021Q2 us-gaap Accounts Receivable Net Current
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8062000000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6522000000 USD
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46000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
37000000 USD
CY2021Q2 psx Accounts And Notes Receivable Percent Outstanding Less Than60 Days
AccountsAndNotesReceivablePercentOutstandingLessThan60Days
0.95
CY2021Q2 us-gaap Inventory Crude Oil Products And Merchandise
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4365000000 USD
CY2020Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
3536000000 USD
CY2021Q2 us-gaap Other Inventory Net Of Reserves
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387000000 USD
CY2020Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
357000000 USD
CY2021Q2 us-gaap Inventory Net
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4752000000 USD
CY2020Q4 us-gaap Inventory Net
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3893000000 USD
CY2021Q2 us-gaap Lifo Inventory Amount
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4170000000 USD
CY2020Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
3368000000 USD
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5800000000 USD
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2700000000 USD
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us-gaap Effect Of Lifo Inventory Liquidation On Income
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CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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17184000000 USD
CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
23688000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
40223000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
16507000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
23716000000 USD
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
198000000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3006000000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
296000000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
296000000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-141000000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-141000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-358000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-358000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2637000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2637000000 USD
CY2021Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
3000000 USD
CY2021Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
3000000 USD
CY2020Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
2000000 USD
CY2020Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
2000000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
6000000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
6000000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
4000000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
4000000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
291000000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
291000000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-143000000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-143000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-366000000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-366000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2641000000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2641000000 USD
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437909000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
439940000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
436688000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
438756000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
437639000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
439722000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
437851000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
440050000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Contingently Issuable
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2031000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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456000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Contingently Issuable
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2068000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
us-gaap Weighted Average Number Of Shares Contingently Issuable
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2083000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Weighted Average Number Of Shares Contingently Issuable
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2199000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
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WeightedAverageNumberOfSharesOutstandingBasic
439940000 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
440396000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
438756000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
438756000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
439722000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
439722000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
440050000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
440050000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.83
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.00
CY2021Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
455000000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
427000000 USD
CY2020Q4 psx Estimated Percentage Of Derivative Contract Volume Expiring Within Twelve Months
EstimatedPercentageOfDerivativeContractVolumeExpiringWithinTwelveMonths
0.95
CY2021Q2 psx Estimated Percentage Of Derivative Contract Volume Expiring Within Twelve Months
EstimatedPercentageOfDerivativeContractVolumeExpiringWithinTwelveMonths
0.95
CY2021Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1882000000 USD
CY2021Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1704000000 USD
CY2021Q2 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2021Q2 psx Derivative Asset Difference In Carrying Value And Fair Value
DerivativeAssetDifferenceInCarryingValueAndFairValue
0 USD
CY2021Q2 psx Asset Fair Value Amount Offset Against Collateral
AssetFairValueAmountOffsetAgainstCollateral
178000000 USD
CY2021Q2 us-gaap Liabilities Fair Value Disclosure
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18874000000 USD
CY2021Q2 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
1704000000 USD
CY2021Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
152000000 USD
CY2021Q2 psx Financial And Nonfinancial Liability Difference In Carrying Value And Fair Value
FinancialAndNonfinancialLiabilityDifferenceInCarryingValueAndFairValue
-1870000000 USD
CY2021Q2 psx Financial And Nonfinancial Liability Fair Value Amount Offset Against Collateral
FinancialAndNonfinancialLiabilityFairValueAmountOffsetAgainstCollateral
15148000000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
826000000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
669000000 USD
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2020Q4 psx Derivative Asset Difference In Carrying Value And Fair Value
DerivativeAssetDifferenceInCarryingValueAndFairValue
0 USD
CY2020Q4 psx Asset Fair Value Amount Offset Against Collateral
AssetFairValueAmountOffsetAgainstCollateral
157000000 USD
CY2020Q4 us-gaap Liabilities Fair Value Disclosure
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18265000000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
669000000 USD
CY2020Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
46000000 USD
CY2020Q4 psx Financial And Nonfinancial Liability Difference In Carrying Value And Fair Value
FinancialAndNonfinancialLiabilityDifferenceInCarryingValueAndFairValue
-1927000000 USD
CY2020Q4 psx Financial And Nonfinancial Liability Fair Value Amount Offset Against Collateral
FinancialAndNonfinancialLiabilityFairValueAmountOffsetAgainstCollateral
15623000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
186000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
240000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-426000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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-365000000 USD
us-gaap Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings Tax Effect
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5000000 USD
CY2021Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
959000000 USD
CY2020Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
353000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1729000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
887000000 USD
CY2021Q2 psx Related Party Transaction Purchases From Transactions With Related Party
RelatedPartyTransactionPurchasesFromTransactionsWithRelatedParty
3452000000 USD
CY2020Q2 psx Related Party Transaction Purchases From Transactions With Related Party
RelatedPartyTransactionPurchasesFromTransactionsWithRelatedParty
1130000000 USD
psx Related Party Transaction Purchases From Transactions With Related Party
RelatedPartyTransactionPurchasesFromTransactionsWithRelatedParty
5809000000 USD
psx Related Party Transaction Purchases From Transactions With Related Party
RelatedPartyTransactionPurchasesFromTransactionsWithRelatedParty
3256000000 USD
CY2021Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
67000000 USD
CY2020Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
55000000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
135000000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
106000000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27002000000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10913000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
48629000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31791000000 USD
CY2021Q2 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
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436000000 USD
CY2020Q2 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
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-445000000 USD
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
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-335000000 USD
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
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-2923000000 USD
CY2021Q2 us-gaap Assets
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56977000000 USD
CY2020Q4 us-gaap Assets
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54721000000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.14
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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0.15
CY2021Q2 us-gaap Proceeds From Income Tax Refunds
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1100000000 USD
CY2021Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
657000000 USD

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