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Consolidated Statement of Changes in Equity - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Capital in Excess of Par
Treasury Stock
Treasury Stock Repurchase Plan
Retained Earnings
Accum. Other Comprehensive Loss
Noncontrolling Interests
Beginning Balance at Dec. 31, 2014 $ 22,037 $ 6 $ 19,040 $ (6,234)   $ 9,309 $ (531) $ 447
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net Income 4,280         4,227   53
Other comprehensive income (loss) (122)           (122)  
Cash dividends paid on common stock (1,172)         (1,172)    
Repurchase of common stock (1,512)     (1,512)        
Benefit plan activity 89   105     (16)    
Issuance of Phillips 66 Partners LP common and preferred units 384             384
Distributions to noncontrolling interests (46)             (46)
Ending Balance at Dec. 31, 2015 $ 23,938 6 19,145 (7,746)   12,348 (653) 838
Beginning Balance, Common shares (in shares) at Dec. 31, 2014 637,032              
Beginning Balance, Treasury shares (in shares) at Dec. 31, 2014         90,650      
Shares                
Shares issued—share-based compensation (in shares) 2,304              
Repurchase of common stock (in shares)         19,276      
Ending Balance, Common shares (in shares) at Dec. 31, 2015 639,336              
Ending Balance, Treasury shares (in shares) at Dec. 31, 2015         109,926      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net Income $ 1,644         1,555   89
Other comprehensive income (loss) (342)           (342)  
Cash dividends paid on common stock (1,282)         (1,282)    
Repurchase of common stock (1,042)     (1,042)        
Benefit plan activity 93   106     (13)    
Issuance of Phillips 66 Partners LP common and preferred units 791   308         483
Distributions to noncontrolling interests (75)             (75)
Ending Balance at Dec. 31, 2016 $ 23,725 6 19,559 (8,788)   12,608 (995) 1,335
Shares                
Shares issued—share-based compensation (in shares) 2,258              
Repurchase of common stock (in shares)         12,901      
Ending Balance, Common shares (in shares) at Dec. 31, 2016 641,594              
Ending Balance, Treasury shares (in shares) at Dec. 31, 2016         122,827      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net Income $ 5,248         5,106   142
Other comprehensive income (loss) 378           378  
Cash dividends paid on common stock (1,395)         (1,395)    
Repurchase of common stock (1,590)     (1,590)        
Benefit plan activity 59   72     (13)    
Issuance of Phillips 66 Partners LP common and preferred units 1,123   137         986
Distributions to noncontrolling interests (120)             (120)
Ending Balance at Dec. 31, 2017 $ 27,428 $ 6 $ 19,768 $ (10,378)   $ 16,306 $ (617) $ 2,343
Shares                
Shares issued—share-based compensation (in shares) 2,241              
Repurchase of common stock (in shares)         18,738      
Ending Balance, Common shares (in shares) at Dec. 31, 2017 643,835              
Ending Balance, Treasury shares (in shares) at Dec. 31, 2017         141,565