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Consolidated Statements Of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net income $ 1,331 $ 116
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 434 489
Pension and other postretirement benefits, net 62 71
Deferred income taxes 34 121
Net gain on disposal of assets (5) (3)
Equity method investments, net (6) (26)
Changes in the fair value of derivative instruments (92) (28)
Changes in:    
Current receivables (746) (256)
Inventories (613) (238)
Current accounts payable and accrued liabilities 628 34
Receivables from / payables to related parties (59) 13
All other, net (16) 2
Net cash provided by operating activities 952 295
Investing activities:    
Additions to property, plant and equipment (517) (634)
Acquisitions (74)  
Disposal of assets 133 7
Investments in related party debt securities - purchases (10,326) (6,023)
Investments in related party debt securities - redemptions 12,730 6,476
Investments - loans and advances (42) (17)
Investments - repayments of loans 35 21
All other, net 5 (2)
Net cash provided by (used in) investing activities 1,944 (172)
Financing activities:    
Long-term debt payable to Marathon Oil and subsidiaries - borrowings 7,748 5,533
Long-term debt payable to Marathon Oil and subsidiaries - repayments (11,366) (5,125)
Long-term debt - borrowings 2,989  
Long-term debt - repayments (6) (5)
Debt issuance costs (58)  
Distributions to Marathon Oil (699) (500)
Net cash used in financing activities (1,392) (97)
Net increase in cash and cash equivalents 1,504 26
Cash and cash equivalents at beginning of period 118 128
Cash and cash equivalents at end of period $ 1,622 $ 154