Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Summary of Long Term Debt

Short-term and long-term debt at December 31 was:

	Millions of Dollars
	2019			2018
Phillips 66
4.300% Senior Notes due April 2022	$	2,000		2,000
3.900% Senior Notes due March 2028	800			800
4.650% Senior Notes due November 2034	1,000			1,000
5.875% Senior Notes due May 2042	1,500			1,500
4.875% Senior Notes due November 2044	1,700			1,700
Floating-rate notes due April 2020 at 2.751% and 3.186% at year-end 2019 and 2018, respectively	300			300
Term loan due April 2020 at 2.699% and 3.422% at year-end 2019 and 2018, respectively	200			200
Floating-rate Senior Notes due February 2021 at 2.517% and 3.289% at year-end 2019 and 2018, respectively	500			500
Floating-rate Advance Term Loan due December 2034 at 2.392%—related party	25			—
Other	1			1
Phillips 66 Partners
2.646% Senior Notes due February 2020	—			300
2.450% Senior Notes due December 2024	300			—
3.605% Senior Notes due February 2025	500			500
3.550% Senior Notes due October 2026	500			500
3.750% Senior Notes due March 2028	500			500
3.150% Senior Notes due December 2029	600			—
4.680% Senior Notes due February 2045	450			450
4.900% Senior Notes due October 2046	625			625
Tax-exempt bonds due April 2020 and April 2021 at 1.850% and 1.885% at year-end 2019 and 2018, respectively	75			75
Revolving credit facility due January 2019 and October 2021 at weighted-average rate of 3.669% at year-end 2018	—			125
Debt at face value	11,576			11,076
Finance leases	277			184
Software obligations	10			—
Net unamortized discounts and debt issuance costs	(100		)	(100	)
Total debt	11,763			11,160
Short-term debt	(547		)	(67	)
Long-term debt	$	11,216		11,093