Marathon Petroleum Corp - 10-Q filing on 2018-04-30

Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2018

Sales to related parties were as follows:



	Three Months Ended March 31,
(In millions)	2018		2017
PFJ Southeast	$	169	$	151
Other equity method investees	3		3
Total	$	172	$	154

Other Income From Related Parties

Other income from related parties, which is included in “Other income” on the accompanying consolidated statements of income, were as follows:



	Three Months Ended March 31,
(In millions)	2018		2017
MarkWest Utica EMG	$	4	$	4
Ohio Gathering	4		4
Sherwood Midstream	3		1
Other equity method investees	2		2
Total	$	13	$	11

Purchases From Related Parties

Purchases from related parties were as follows:



	Three Months Ended March 31,
(In millions)	2018		2017
Crowley Blue Water Partners	$	16	$	14
Crowley Ocean Partners	20		19
Illinois Extension Pipeline	24		25
LOCAP	4		5
LOOP	17		13
TAAE	19		8
TACE	8		16
TAME	20		17
Other equity method investees	13		5
Total	$	141	$	122

Receivables From Related Parties

Receivables from related parties, which are included in “Receivables, less allowance for doubtful accounts” on the accompanying consolidated balance sheets, were as follows:



(In millions)	March 31, 2018		December 31, 2017
PFJ Southeast	$	30	$	28
Sherwood Midstream Holdings	15		—
Other equity method investees	7		8
Total	$	52	$	36

Payables To Related Parties

Payables to related parties, which are included in “Accounts payable” on the accompanying consolidated balance sheets, were as follows:



(In millions)	March 31, 2018		December 31, 2017
Illinois Extension Pipeline	$	7	$	8
LOOP	2		3
MarkWest Utica EMG	20		29
Ohio Gathering	1		9
Sherwood Midstream	11		8
Other equity method investees	10		12
Total	$	51	$	69

Summarized Financial Information For Equity Method Investees Table

Summarized financial information, in the aggregate, for our significant equity method investments on a 100 percent basis were as follows:



	Three Months Ended March 31,
(In millions)	2018		2017
Revenues and other income	$	1,132	$	1,027
Income from operations	73		82
Net income	71		81