Consolidated Balance Sheets - USD ($)
$ in Millions |
Mar. 31, 2018 |
Dec. 31, 2017 |
| Current assets: |
|
|
| Cash and cash equivalents (MPLX: $2 and $5, respectively) |
$ 4,653
|
$ 3,011
|
| Receivables, less allowance for doubtful accounts of $10 and $11 (MPLX: $322 and $299, respectively) |
4,613
|
4,695
|
| Inventories (MPLX: $64 and $65, respectively) |
5,111
|
5,550
|
| Other current assets (MPLX: $26 and $29, respectively) |
148
|
145
|
| Total current assets |
14,525
|
13,401
|
| Equity method investments (MPLX: $4,033 and $4,010, respectively) |
4,817
|
4,787
|
| Property, plant and equipment, net (MPLX: $13,291 and $12,187, respectively) |
26,618
|
26,443
|
| Goodwill (MPLX: $2,460 and $2,245, respectively) |
3,586
|
3,586
|
| Other noncurrent assets (MPLX: $472 and $479, respectively) |
818
|
830
|
| Total assets |
50,364
|
49,047
|
| Current liabilities: |
|
|
| Accounts payable (MPLX: $543 and $621, respectively) |
7,066
|
8,297
|
| Payroll and benefits payable (MPLX: $2 and $1, respectively) |
337
|
591
|
| Accrued taxes (MPLX: $34 and $38, respectively) |
639
|
670
|
| Debt due within one year (MPLX: $1 and $1, respectively) |
26
|
624
|
| Other current liabilities (MPLX: $138 and $130, respectively) |
304
|
296
|
| Total current liabilities |
8,372
|
10,478
|
| Long-term debt (MPLX: $11,861 and $6,945, respectively) |
17,232
|
12,322
|
| Deferred income taxes (MPLX: $10 and $5, respectively) |
3,120
|
2,654
|
| Defined benefit postretirement plan obligations |
1,126
|
1,099
|
| Deferred credits and other liabilities (MPLX: $232 and $230, respectively) |
651
|
666
|
| Total liabilities |
30,501
|
27,219
|
| Commitments and contingencies (see Note 22) |
|
|
| Redeemable noncontrolling interest |
1,000
|
1,000
|
| MPC stockholders’ equity: |
|
|
| Preferred stock, no shares issued and outstanding (par value 0.01 per share, 30 million shares authorized) |
0
|
0
|
| Common stock: |
|
|
| Issued – 734 million and 734 million shares (par value 0.01 per share, 1 billion shares authorized) |
7
|
7
|
| Held in treasury, at cost – 267 million and 248 million shares |
(11,200)
|
(9,869)
|
| Additional paid-in capital |
13,669
|
11,262
|
| Retained earnings |
12,745
|
12,864
|
| Accumulated other comprehensive loss |
(233)
|
(231)
|
| Total MPC stockholders’ equity |
14,988
|
14,033
|
| Noncontrolling interests |
3,875
|
6,795
|
| Total equity |
18,863
|
20,828
|
| Total liabilities, redeemable noncontrolling interest and equity |
$ 50,364
|
$ 49,047
|