Phillips 66 Partners LP (Schedule of Assets and Liabilities) (Details) - USD ($) $ in Millions |
Mar. 31, 2020 |
Dec. 31, 2019 |
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Variable Interest Entity [Line Items] | ||
Cash and cash equivalents | $ 1,221 | $ 1,614 |
Phillips 66 Partners LP | Variable Interest Entity, Primary Beneficiary | ||
Variable Interest Entity [Line Items] | ||
Cash and cash equivalents | 92 | 286 |
Equity investments | 3,136 | 2,961 |
Net properties, plants and equipment | 3,410 | 3,349 |
Short-term debt | 25 | 25 |
Long-term debt | $ 3,491 | $ 3,491 |
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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