Property, Plant and Equipment

Entity Registrant Name Phillips 66
CIK 0001534701
Accession number 0001534701-14-000042
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1534701/000153470114000042/psx-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary All information interpreted as expected.
Level 3 (Disclosure) Text Block concept us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock
Properties, Plants and Equipment

Our investment in PP&E is recorded at cost. Investments in refining manufacturing facilities are generally depreciated on a straight-line basis over a 25-year life, and pipeline assets over a 45-year life. The company’s investment in PP&E, with the associated accumulated depreciation and amortization (Accum. D&A), at December 31 was:
 
 
Millions of Dollars
 
2013
 
2012
 
Gross
PP&E

 
Accum.
D&A

 
Net
PP&E

 
Gross
PP&E

 
Accum.
D&A

 
Net
PP&E

 
 
 
 
 
 
 
 
 
 
 
 
Midstream
$
2,792

 
1,104

 
1,688

 
2,460

 
1,016

 
1,444

Chemicals
—

 
—

 
—

 
—

 
—

 
—

Refining
19,264

 
6,718

 
12,546

 
17,989

 
5,913

 
12,076

Marketing and Specialties
1,395

 
749

 
646

 
2,437

 
1,057

 
1,380

Corporate and Other
975

 
457

 
518

 
880

 
415

 
465

Discontinued Operations*
—

 
—

 
—

 
63

 
21

 
42

 
$
24,426

 
9,028

 
15,398


23,829


8,422

 
15,407


* At December 31, 2013, net PP&E of $58 million associated with discontinued operations was classified as current assets.

Level 4 Details Key Concepts: Long-term Debt Maturities

Description Fact value US GAAP XBRL Concept
PPE, Gross 24,426,000,000 us-gaap:PropertyPlantAndEquipmentGross
Accumulated depreciation 9,028,000,000 us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
PPE, Net 15,398,000,000 us-gaap:PropertyPlantAndEquipmentNet
CHECK 0

*

*

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