v3.25.2
DCP Midstream Class A Segment
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
DCP Midstream Class A Segment
Note 22—DCP Midstream Class A Segment

DCP Midstream Class A Segment is comprised of the businesses, activities, assets and liabilities of DCP LP, its subsidiaries and its general partner entities. DCP LP is a master limited partnership whose operations include producing and fractionating NGL; gathering, compressing, treating and processing natural gas; recovering condensate; and transporting, trading, marketing and storing natural gas and NGL. DCP Midstream Class A Segment is a consolidated VIE as we are the primary beneficiary.

The most significant assets of DCP Midstream Class A Segment that are available to settle only its obligations, along with its most significant liabilities for which its creditors do not have recourse to Phillips 66’s general credit, were:

Millions of Dollars
June 30
2025
December 31
2024
Accounts receivable$610 638 
Net properties, plants and equipment8,987 8,861 
Investments and long-term receivables801 1,622 
Accounts payable954 909 
Short-term debt4 532 
Long-term debt2,910 2,913 
See Note 7—Investments, Loans and Long-Term Receivables for additional information regarding the sale of DCP LP’s ownership interest in GCX. See Note 11—Debt for further information regarding DCP LP’s repayment of debt.