Debt - Schedule of Long-Term Debt (Details) - USD ($)
$ in Millions |
Dec. 31, 2025 |
Jun. 27, 2025 |
Dec. 31, 2024 |
Mar. 29, 2023 |
| Debt Instrument [Line Items] |
|
|
|
|
| Debt at face value |
$ 19,517
|
|
$ 19,862
|
|
| Finance leases |
338
|
|
352
|
|
| Software obligations |
34
|
|
17
|
|
| Net unamortized discounts, debt issuance costs and acquisition fair value adjustments |
(173)
|
|
(169)
|
|
| Total debt |
19,716
|
|
20,062
|
|
| Short-term debt |
(1,038)
|
|
(1,831)
|
|
| Long-term debt |
18,678
|
|
18,231
|
|
| Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt at face value |
7,350
|
|
7,786
|
|
| Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt at face value |
9,052
|
|
8,377
|
|
| Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt at face value |
165
|
|
224
|
|
| DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt at face value |
$ 2,950
|
|
$ 3,475
|
|
| 3.605% Senior Notes due February 2025 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
|
|
3.605%
|
|
| Debt |
|
|
$ 59
|
|
| 3.605% Senior Notes due February 2025 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| 3.605% Senior Notes due February 2025 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| 3.605% Senior Notes due February 2025 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
59
|
|
| 3.605% Senior Notes due February 2025 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
$ 0
|
|
| 5.375% Senior Notes due July 2025 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
|
5.375%
|
5.375%
|
|
| Debt |
|
|
$ 525
|
|
| 5.375% Senior Notes due July 2025 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| 5.375% Senior Notes due July 2025 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| 5.375% Senior Notes due July 2025 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| 5.375% Senior Notes due July 2025 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
$ 525
|
|
| 1.300% Senior Notes due February 2026 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
1.30%
|
|
1.30%
|
|
| Debt |
$ 100
|
|
$ 500
|
|
| 1.300% Senior Notes due February 2026 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
100
|
|
500
|
|
| 1.300% Senior Notes due February 2026 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 1.300% Senior Notes due February 2026 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 1.300% Senior Notes due February 2026 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 3.550% Senior Notes due October 2026 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
3.55%
|
|
3.55%
|
|
| Debt |
$ 492
|
|
$ 492
|
|
| 3.550% Senior Notes due October 2026 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 3.550% Senior Notes due October 2026 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
458
|
|
458
|
|
| 3.550% Senior Notes due October 2026 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
34
|
|
34
|
|
| 3.550% Senior Notes due October 2026 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 5.625% Senior Notes due July 2027 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
5.625%
|
|
5.625%
|
|
| Debt |
$ 500
|
|
$ 500
|
|
| 5.625% Senior Notes due July 2027 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.625% Senior Notes due July 2027 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.625% Senior Notes due July 2027 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.625% Senior Notes due July 2027 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 500
|
|
$ 500
|
|
| 4.950% Senior Notes due December 2027 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
4.95%
|
|
4.95%
|
4.95%
|
| Debt |
$ 750
|
|
$ 750
|
|
| 4.950% Senior Notes due December 2027 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 4.950% Senior Notes due December 2027 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
750
|
|
750
|
|
| 4.950% Senior Notes due December 2027 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 4.950% Senior Notes due December 2027 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 3.750% Senior Notes due March 2028 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
3.75%
|
|
3.75%
|
|
| Debt |
$ 500
|
|
$ 500
|
|
| 3.750% Senior Notes due March 2028 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 3.750% Senior Notes due March 2028 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
427
|
|
427
|
|
| 3.750% Senior Notes due March 2028 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
73
|
|
73
|
|
| 3.750% Senior Notes due March 2028 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 3.900% Senior Notes due March 2028 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
3.90%
|
|
3.90%
|
|
| Debt |
$ 800
|
|
$ 800
|
|
| 3.900% Senior Notes due March 2028 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
800
|
|
800
|
|
| 3.900% Senior Notes due March 2028 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 3.900% Senior Notes due March 2028 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 3.900% Senior Notes due March 2028 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 5.125% Senior Notes due May 2029 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
5.125%
|
|
5.125%
|
|
| Debt |
$ 600
|
|
$ 600
|
|
| 5.125% Senior Notes due May 2029 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.125% Senior Notes due May 2029 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.125% Senior Notes due May 2029 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.125% Senior Notes due May 2029 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 600
|
|
$ 600
|
|
| 3.150% Senior Notes due December 2029 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
3.15%
|
|
3.15%
|
|
| Debt |
$ 600
|
|
$ 600
|
|
| 3.150% Senior Notes due December 2029 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 3.150% Senior Notes due December 2029 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
570
|
|
570
|
|
| 3.150% Senior Notes due December 2029 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
30
|
|
30
|
|
| 3.150% Senior Notes due December 2029 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 8.125% Senior Notes due August 2030 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
8.125%
|
|
8.125%
|
|
| Debt |
$ 300
|
|
$ 300
|
|
| 8.125% Senior Notes due August 2030 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 8.125% Senior Notes due August 2030 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 8.125% Senior Notes due August 2030 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 8.125% Senior Notes due August 2030 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 300
|
|
$ 300
|
|
| 2.150% Senior Notes due December 2030 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
2.15%
|
|
2.15%
|
|
| Debt |
$ 850
|
|
$ 850
|
|
| 2.150% Senior Notes due December 2030 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
850
|
|
850
|
|
| 2.150% Senior Notes due December 2030 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 2.150% Senior Notes due December 2030 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 2.150% Senior Notes due December 2030 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 5.250% Senior Notes due June 2031 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
5.25%
|
|
5.25%
|
|
| Debt |
$ 1,200
|
|
$ 1,200
|
|
| 5.250% Senior Notes due June 2031 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.250% Senior Notes due June 2031 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
1,200
|
|
1,200
|
|
| 5.250% Senior Notes due June 2031 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.250% Senior Notes due June 2031 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 3.250% Senior Notes due February 2032 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
3.25%
|
|
3.25%
|
|
| Debt |
$ 400
|
|
$ 400
|
|
| 3.250% Senior Notes due February 2032 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 3.250% Senior Notes due February 2032 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 3.250% Senior Notes due February 2032 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 3.250% Senior Notes due February 2032 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 400
|
|
$ 400
|
|
| 5.300% Senior Notes due June 2033 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
5.30%
|
|
5.30%
|
5.30%
|
| Debt |
$ 900
|
|
$ 900
|
|
| 5.300% Senior Notes due June 2033 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.300% Senior Notes due June 2033 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
900
|
|
900
|
|
| 5.300% Senior Notes due June 2033 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.300% Senior Notes due June 2033 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 4.650% Senior Notes due November 2034 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
4.65%
|
|
4.65%
|
|
| Debt |
$ 1,000
|
|
$ 1,000
|
|
| 4.650% Senior Notes due November 2034 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
1,000
|
|
1,000
|
|
| 4.650% Senior Notes due November 2034 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 4.650% Senior Notes due November 2034 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 4.650% Senior Notes due November 2034 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 4.950% Senior Notes due March 2035 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
4.95%
|
|
4.95%
|
|
| Debt |
$ 600
|
|
$ 600
|
|
| 4.950% Senior Notes due March 2035 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 4.950% Senior Notes due March 2035 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
600
|
|
600
|
|
| 4.950% Senior Notes due March 2035 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 4.950% Senior Notes due March 2035 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 6.450% Senior Notes due November 2036 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
6.45%
|
|
6.45%
|
|
| Debt |
$ 300
|
|
$ 300
|
|
| 6.450% Senior Notes due November 2036 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 6.450% Senior Notes due November 2036 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 6.450% Senior Notes due November 2036 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 6.450% Senior Notes due November 2036 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 300
|
|
$ 300
|
|
| 6.750% Senior Notes due September 2037 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
6.75%
|
|
6.75%
|
|
| Debt |
$ 450
|
|
$ 450
|
|
| 6.750% Senior Notes due September 2037 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 6.750% Senior Notes due September 2037 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 6.750% Senior Notes due September 2037 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 6.750% Senior Notes due September 2037 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 450
|
|
$ 450
|
|
| 5.875% Senior Notes due May 2042 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
5.875%
|
|
5.875%
|
|
| Debt |
$ 1,500
|
|
$ 1,500
|
|
| 5.875% Senior Notes due May 2042 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
1,500
|
|
1,500
|
|
| 5.875% Senior Notes due May 2042 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.875% Senior Notes due May 2042 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.875% Senior Notes due May 2042 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 5.600% Senior Notes due April 2044 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
5.60%
|
|
5.60%
|
|
| Debt |
$ 400
|
|
$ 400
|
|
| 5.600% Senior Notes due April 2044 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.600% Senior Notes due April 2044 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.600% Senior Notes due April 2044 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.600% Senior Notes due April 2044 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 400
|
|
$ 400
|
|
| 4.875% Senior Notes due November 2044 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
4.875%
|
|
4.875%
|
|
| Debt |
$ 1,700
|
|
$ 1,700
|
|
| 4.875% Senior Notes due November 2044 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
1,700
|
|
1,700
|
|
| 4.875% Senior Notes due November 2044 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 4.875% Senior Notes due November 2044 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 4.875% Senior Notes due November 2044 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 4.680% Senior Notes due February 2045 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
4.68%
|
|
4.68%
|
|
| Debt |
$ 450
|
|
$ 450
|
|
| 4.680% Senior Notes due February 2045 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 4.680% Senior Notes due February 2045 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
442
|
|
442
|
|
| 4.680% Senior Notes due February 2045 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
8
|
|
8
|
|
| 4.680% Senior Notes due February 2045 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 4.900% Senior Notes due October 2046 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
4.90%
|
|
4.90%
|
|
| Debt |
$ 625
|
|
$ 625
|
|
| 4.900% Senior Notes due October 2046 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 4.900% Senior Notes due October 2046 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
605
|
|
605
|
|
| 4.900% Senior Notes due October 2046 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
20
|
|
20
|
|
| 4.900% Senior Notes due October 2046 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 3.300% Senior Notes due March 2052 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
3.30%
|
|
3.30%
|
|
| Debt |
$ 1,000
|
|
$ 1,000
|
|
| 3.300% Senior Notes due March 2052 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
1,000
|
|
1,000
|
|
| 3.300% Senior Notes due March 2052 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 3.300% Senior Notes due March 2052 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 3.300% Senior Notes due March 2052 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 5.650% Senior Notes due June 2054 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
5.65%
|
|
5.65%
|
|
| Debt |
$ 500
|
|
$ 500
|
|
| 5.650% Senior Notes due June 2054 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.650% Senior Notes due June 2054 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
500
|
|
500
|
|
| 5.650% Senior Notes due June 2054 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.650% Senior Notes due June 2054 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 5.500% Senior Notes due March 2055 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
5.50%
|
|
5.50%
|
|
| Debt |
$ 600
|
|
$ 600
|
|
| 5.500% Senior Notes due March 2055 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.500% Senior Notes due March 2055 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
600
|
|
600
|
|
| 5.500% Senior Notes due March 2055 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| 5.500% Senior Notes due March 2055 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| 5.875% Series A Junior Subordinated Notes due March 2056 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
5.875%
|
|
|
|
| Debt |
$ 1,000
|
|
|
|
| 5.875% Series A Junior Subordinated Notes due March 2056 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
|
|
| 5.875% Series A Junior Subordinated Notes due March 2056 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
1,000
|
|
|
|
| 5.875% Series A Junior Subordinated Notes due March 2056 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
|
|
| 5.875% Series A Junior Subordinated Notes due March 2056 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
|
|
| 6.200% Series B Junior Subordinated Notes due March 2056 | Senior Notes |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
6.20%
|
|
|
|
| Debt |
$ 1,000
|
|
|
|
| 6.200% Series B Junior Subordinated Notes due March 2056 | Senior Notes | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
|
|
| 6.200% Series B Junior Subordinated Notes due March 2056 | Senior Notes | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
1,000
|
|
|
|
| 6.200% Series B Junior Subordinated Notes due March 2056 | Senior Notes | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
|
|
| 6.200% Series B Junior Subordinated Notes due March 2056 | Senior Notes | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
|
|
| Commercial paper due January 2026 at 3.952% at year-end 2025 | Loans Payable |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
|
|
4.695%
|
|
| Variable interest rate (as a percent) |
3.952%
|
|
|
|
| Debt |
$ 200
|
|
$ 435
|
|
| Commercial paper due January 2026 at 3.952% at year-end 2025 | Loans Payable | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
200
|
|
435
|
|
| Commercial paper due January 2026 at 3.952% at year-end 2025 | Loans Payable | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| Commercial paper due January 2026 at 3.952% at year-end 2025 | Loans Payable | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| Commercial paper due January 2026 at 3.952% at year-end 2025 | Loans Payable | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| Uncommitted Facility due July 2025 at 5.300% at year-end 2024 | Line of Credit |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
|
|
5.30%
|
|
| Debt |
|
|
$ 400
|
|
| Uncommitted Facility due July 2025 at 5.300% at year-end 2024 | Line of Credit | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| Uncommitted Facility due July 2025 at 5.300% at year-end 2024 | Line of Credit | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
400
|
|
| Uncommitted Facility due July 2025 at 5.300% at year-end 2024 | Line of Credit | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| Uncommitted Facility due July 2025 at 5.300% at year-end 2024 | Line of Credit | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
$ 0
|
|
| Receivables Securitization Facility due September | Line of Credit |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt interest rate (as a percent) |
|
|
5.182%
|
|
| Variable interest rate (as a percent) |
4.538%
|
|
|
|
| Debt |
$ 200
|
|
$ 375
|
|
| Receivables Securitization Facility due September | Line of Credit | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
200
|
|
0
|
|
| Receivables Securitization Facility due September | Line of Credit | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
375
|
|
| Receivables Securitization Facility due September | Line of Credit | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
0
|
|
0
|
|
| Receivables Securitization Facility due September | Line of Credit | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
$ 0
|
|
$ 0
|
|
| Floating Rate Term Loan due June 2026 at 5.445% at year-end 2024 | Loans Payable |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Variable interest rate (as a percent) |
|
|
5.445%
|
|
| Debt |
|
|
$ 550
|
|
| Floating Rate Term Loan due June 2026 at 5.445% at year-end 2024 | Loans Payable | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| Floating Rate Term Loan due June 2026 at 5.445% at year-end 2024 | Loans Payable | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
550
|
|
| Floating Rate Term Loan due June 2026 at 5.445% at year-end 2024 | Loans Payable | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| Floating Rate Term Loan due June 2026 at 5.445% at year-end 2024 | Loans Payable | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| Other |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
1
|
|
| Other | Phillips 66 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
1
|
|
| Other | Phillips 66 Company |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| Other | Phillips 66 Partners |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
0
|
|
| Other | DCP LP |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Debt |
|
|
$ 0
|
|