Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Phillips 66, consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Net income	3,377)	5,873)	5,248)	1,644)	4,280)
Defined benefit plans, net of income taxes	(91)	126)	115)	(51)	34)
Foreign currency translation adjustments, net of income taxes	95)	(202)	259)	(296)	(156)
Hedging activities, net of income taxes	(11)	1)	4)	5)	—)
Other comprehensive income (loss), net of income taxes	(7)	(75)	378)	(342)	(122)
Comprehensive income	3,370)	5,798)	5,626)	1,302)	4,158)
Comprehensive income attributable to noncontrolling interests	(301)	(278)	(142)	(89)	(53)
Comprehensive income attributable to Phillips 66	3,069)	5,520)	5,484)	1,213)	4,105)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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Comprehensive income item	Description	The company
Net income attributable to Phillips 66	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Phillips 66 net income attributable to Phillips 66 increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Comprehensive income attributable to Phillips 66	Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners.	Phillips 66 comprehensive income attributable to Phillips 66 increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.

Phillips 66 (NYSE:PSX)

Statement of Comprehensive Income