Phillips 66
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
PSX$250.70-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet at December 31, 202 and
| Consolidated Balance Sheet | Phillips 66 | |
|---|---|---|
| Millions of Dollars | ||
| At December 31 | 2023 | 2022 |
| Assets | ||
| Cash and cash equivalents | $3,323 | 6,133 |
| Accounts and notes receivable (net of allowances of $71 million in 2023 and $67 million in 2022) | 10,483 | 9,497 |
| Accounts and notes receivable—related parties | 1,247 | 1,488 |
| Inventories | 3,750 | 3,276 |
| Prepaid expenses and other current assets | 1,138 | 1,528 |
| Total Current Assets | 19,941 | 21,922 |
| Investments and long-term receivables | 15,302 | 14,950 |
| Net properties, plants and equipment | 35,712 | 35,163 |
| Goodwill | 1,550 | 1,486 |
| Intangibles | 920 | 831 |
| Other assets | 2,076 | 2,090 |
| Total Assets | $75,501 | 76,442 |
| Liabilities | ||
| Accounts payable | $10,332 | 10,748 |
| Accounts payable—related parties | 569 | 575 |
| Short-term debt | 1,482 | 529 |
| Accrued income and other taxes | 1,200 | 1,397 |
| Employee benefit obligations | 863 | 764 |
| Other accruals | 1,410 | 1,876 |
| Total Current Liabilities | 15,856 | 15,889 |
| Long-term debt | 17,877 | 16,661 |
| Asset retirement obligations and accrued environmental costs | 864 | 879 |
| Deferred income taxes | 7,424 | 6,671 |
| Employee benefit obligations | 630 | 937 |
| Other liabilities and deferred credits | 1,200 | 1,299 |
| Total Liabilities | 43,851 | 42,336 |
| Equity | ||
| Common stock (2,500,000,000 shares authorized at $0.01 par value)Issued (2023—654,842,101 shares; 2022—652,373,645 shares) | ||
| Par value | 7 | 7 |
| Capital in excess of par | 19,650 | 19,791 |
| Treasury stock (at cost: 2023—224,377,439 shares; 2022—186,529,667 shares) | (19,342) | (15,276) |
| Retained earnings | 30,550 | 25,432 |
| Accumulated other comprehensive loss | (282) | (460) |
| Total Stockholders’ Equity | 30,583 | 29,494 |
| Noncontrolling interests | 1,067 | 4,612 |
| Total Equity | 31,650 | 34,106 |
| Total Liabilities and Equity | $75,501 | 76,442 |
| See Notes to Consolidated Financial Statements. | ||
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