XML 97 R80.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Debt (Narrative) (Details) - USD ($)
1 Months Ended 6 Months Ended 12 Months Ended
Oct. 15, 2019
Sep. 13, 2019
Dec. 31, 2018
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Feb. 21, 2020
Sep. 06, 2019
Mar. 22, 2019
Mar. 01, 2018
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Long-term borrowing maturities, 2020             $ 547,000,000            
Long-term borrowing maturities, 2021             568,000,000            
Long-term borrowing maturities, 2022             2,012,000,000            
Long-term borrowing maturities, 2023             17,000,000            
Long-term borrowing maturities, 2024             312,000,000            
Debt instrument, change during period             500,000,000            
Debt at face value     $ 11,076,000,000       11,576,000,000 $ 11,076,000,000          
Issuance of debt             1,783,000,000 2,184,000,000 $ 3,508,000,000        
Borrowings under commercial paper program     0       0 0          
Revolving credit facility due January 2019 and October 2021 at weighted-average rate of 3.669% at year-end 2018                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Amount outstanding under facility     0       0 0          
Maximum borrowing capacity             5,000,000,000            
Line of credit facility, optional overall capacity             $ 6,000,000,000            
Debt to capitalization ratio             65.00%            
Line of Credit | Revolving credit facility due January 2019 and October 2021 at weighted-average rate of 3.669% at year-end 2018                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Borrowing capacity     5,600,000,000       $ 5,700,000,000 5,600,000,000          
Senior Notes                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Debt issued and guaranteed                         $ 1,500,000,000
Loans Payable                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Repayments of long-term debt       $ 250,000,000                  
Number of days maturities are generally limited to             3 years            
Phillips 66 Partners LP | Phillips 66 Partners                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Long-term debt     2,998,000,000       $ 3,491,000,000 2,998,000,000          
Phillips 66 Partners LP | Phillips 66 Partners | Revolving credit facility due January 2019 and October 2021 at weighted-average rate of 3.669% at year-end 2018                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Debt at face value     125,000,000       0 125,000,000          
Amount outstanding under facility             0            
Maximum borrowing capacity             750,000,000            
Line of credit facility, optional overall capacity             1,000,000,000            
Phillips 66 Partners LP | Phillips 66 Partners | Senior Notes                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Debt issued and guaranteed                     $ 900,000,000    
Commercial Paper                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Maximum borrowing capacity             5,000,000,000            
Commercial Paper | Subsequent Event                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Amount outstanding under facility                   $ 650,000,000      
2.450% Senior Notes Due December 15, 2024 | Phillips 66 Partners LP | Phillips 66 Partners | Senior Notes                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Debt issued and guaranteed                     $ 300,000,000    
Senior notes, interest percent                     2.45%    
3.150% Senior Notes Due December 15, 2029 | Phillips 66 Partners LP | Phillips 66 Partners | Senior Notes                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Debt issued and guaranteed                     $ 600,000,000    
Senior notes, interest percent                     3.15%    
2.646% Senior Notes Due February 2020 | Phillips 66 Partners LP | Phillips 66 Partners | Senior Notes                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Short-term debt $ 300,000,000                        
Senior Unsecured Term Loan | Phillips 66 Partners LP | Phillips 66 Partners | Line of Credit                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Short-term debt   $ 400,000,000                      
Proceeds from lines of credit           $ 400,000,000              
Maximum borrowing capacity                       $ 400,000,000  
Revolving credit facility due January 2019 and October 2021 at weighted-average rate of 3.669% at year-end 2018 | Phillips 66 Partners LP | Phillips 66 Partners | Line of Credit                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Short-term debt             125,000,000            
Floating-rate Notes Due April 2019 | Senior Notes                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Repayments of long-term debt     300,000,000                    
Term loan due April 2020 at 2.699% and 3.422% at year-end 2019 and 2018, respectively | Loans Payable                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Debt at face value     200,000,000       200,000,000 200,000,000          
Long-term debt       $ 450,000,000                  
Floating-rate Senior Notes due February 2021 at 2.517% and 3.289% at year-end 2019 and 2018, respectively | Senior Notes                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Debt issued and guaranteed                         500,000,000
Borrowing     500,000,000       500,000,000 500,000,000          
3.900% Senior Notes due March 2028 | Senior Notes                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Debt issued and guaranteed                         $ 800,000,000
Borrowing     800,000,000       $ 800,000,000 800,000,000          
Senior notes, interest percent             3.90%           3.90%
4.875% Senior Notes due November 2044 | Senior Notes                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Debt issued and guaranteed                         $ 200,000,000
Borrowing     1,700,000,000       $ 1,700,000,000 1,700,000,000          
Senior notes, interest percent             4.875%           4.875%
Maximum | Commercial Paper                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Number of days maturities are generally limited to             90 days            
London Interbank Offered Rate (LIBOR) | Floating-rate Senior Notes due February 2021 at 2.517% and 3.289% at year-end 2019 and 2018, respectively | Senior Notes                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Basis spread on variable rate         0.60%                
Senior Notes | 2.646% Senior Notes Due February 2020 | Phillips 66 Partners LP | Phillips 66 Partners                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Senior notes, interest percent 2.646%           2.646%            
Equity Method Investee | Floating-rate Advance Term Loan due December 2034 at 2.392%—related party | Loans Payable                          
Long-term Debt, Fiscal Year Maturity [Abstract]                          
Issuance of debt             $ 25,000,000            
Borrowing     $ 0       $ 25,000,000 $ 0