Discontinured Operations (Tables)

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

The carrying value of the major categories of assets and liabilities and operting results

Sales and other operating revenues and income from discontinued operations related to Phillips 66 during
2012 and 2011 were as follows:
	Millions of Dollars
		2012	2011
Sales and other operating revenues from discontinued operations	$	62,109	196,068
Income from discontinued operations before-tax	$	1,768	6,776
Income tax expense		534	1,729
Income from discontinued operations	$	1,234	5,047

		Millions of Dollars
			2013	2012
Assets
Accounts and notes receivable		$	376	268
Accounts and notes receivable—related parties			-	1
Inventories			9	44
Prepaid expenses and other current assets			72	220
	Total current assets of discontinued operations		457	533
Investments and long-term receivables			60	272
Loans and advances—related parties			7	29
Net properties, plants and equipment			1,154	6,629
Other assets			1	4
Total assets of discontinued operations		$	1,679	7,467
Liabilities
Accounts payable		$	419	471
Accrued income and other taxes			72	125
	Total current liabilities of discontinued operations		491	596
Asset retirement obligations and accrued environmental costs			14	131
Deferred income taxes			765	759
Total liabilities of discontinued operations		$	1,270	1,486

Sales and other operating revenues and income (loss) from discontinued operations related to the Disposition
Group during 2013, 2012 and 2011 were as follows:
	Millions of Dollars
	2013		2012	2011
Sales and other operating revenues from discontinued operations	$	1,185	1,369	1,560
Income (loss) from discontinued operations before-tax	$	1,461	(6)	829
Income tax expense		283	211	562
Income (loss) from discontinued operations	$	1,178	(217)	267