v3.25.4
DCP Midstream, LLC and DCP Midstream, LP Mergers (Tables)
12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Variable Interest Entities
The most significant assets of DCP Midstream Class A Segment that are available to settle only its obligations, along with its most significant liabilities for which its creditors do not have recourse to Phillips 66’s general credit, were:

Millions of Dollars
December 31, 2025December 31, 2024
Accounts receivable$530 638 
Net properties, plants and equipment9,211 8,861 
Investments and long-term receivables705 1,622 
Accounts payable785 909 
Short-term debt— 532 
Long-term debt2,903 2,913