Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

Income From Operations Attributable To Operating Segments



(In millions)	Refining & Marketing		Speedway		Pipeline Transportation		Total
Three Months Ended June 30, 2014
Revenues:
Customer	$	22,917	$	3,908	$	19	$	26,844
Intersegment^(a)	2,590		1		131		2,722
Segment revenues	$	25,507	$	3,909	$	150	$	29,566
Segment income from operations^(b)	$	1,260	$	94	$	81	$	1,435
Income from equity method investments	35		—		22		57
Depreciation and amortization^(c)	264		29		19		312
Capital expenditures and investments^(d)	235		44		64		343



(In millions)	Refining & Marketing		Speedway		Pipeline Transportation		Total
Three Months Ended June 30, 2013
Revenues:
Customer	$	21,890	$	3,768	$	19	$	25,677
Intersegment^(a)	2,434		1		119		2,554
Segment revenues	$	24,324	$	3,769	$	138	$	28,231
Segment income from operations^(b)	$	903	$	123	$	58	$	1,084
Income from equity method investments	3		—		4		7
Depreciation and amortization^(c)	252		27		18		297
Capital expenditures and investments^(d)	134		76		41		251



(In millions)	Refining & Marketing		Speedway		Pipeline Transportation		Total
Six Months Ended June 30, 2014
Revenues:
Customer	$	42,727	$	7,366	$	36	$	50,129
Intersegment^(a)	4,823		2		260		5,085
Segment revenues	$	47,550	$	7,368	$	296	$	55,214
Segment income from operations^(b)	$	1,622	$	152	$	153	$	1,927
Income from equity method investments	59		—		33		92
Depreciation and amortization^(c)	525		57		38		620
Capital expenditures and investments^(d)	413		76		194		683



(In millions)	Refining & Marketing			Speedway		Pipeline Transportation		Total
Six Months Ended June 30, 2013
Revenues:
Customer	$	41,764		$	7,209	$	40	$	49,013
Intersegment^(a)	4,633			2		223		4,858
Segment revenues	$	46,397		$	7,211	$	263	$	53,871
Segment income from operations^(b)	$	2,008		$	190	$	109	$	2,307
Income (loss) from equity method investments	(1		)	—		8		7
Depreciation and amortization^(c)	488			54		36		578
Capital expenditures and investments^(d)(e)	1,554			112		131		1,797


^(a)	Management believes intersegment transactions were conducted under terms comparable to those with unaffiliated parties.


^(b)	Corporate overhead expenses attributable to MPLX are included in the Pipeline Transportation segment. These expenses are not allocated to the Refining & Marketing and Speedway segments.


^(c)	Differences between segment totals and MPC totals represent amounts related to unallocated items and are included in “Items not allocated to segments” in the reconciliation below.


^(d)	Capital expenditures include changes in capital accruals, acquisitions and investments in affiliates.


^(e)	The Refining & Marketing and Pipeline Transportation segments include the acquisition of the Galveston Bay Refinery and Related Assets. See Note 4.

Reconciliation Of Segment Income From Operations To Income Before Income Taxes

The following reconciles segment income from operations to income before income taxes as reported in the consolidated statements of income:



	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)	2014			2013			2014			2013
Segment income from operations	$	1,435		$	1,084		$	1,927		$	2,307
Items not allocated to segments:
Corporate and other unallocated items^(a)(b)	(61		)	(64		)	(128		)	(131		)
Pension settlement expenses^(c)	(5		)	(60		)	(69		)	(60		)
Net interest and other financial income (costs)	(48		)	(45		)	(94		)	(93		)
Income before income taxes	$	1,321		$	915		$	1,636		$	2,023


^(a)	Corporate and other unallocated items consists primarily of MPC’s corporate administrative expenses and costs related to certain non-operating assets.


^(b)	Corporate overhead expenses attributable to MPLX are included in the Pipeline Transportation segment. These expenses are not allocated to the Refining & Marketing and Speedway segments.


^(c)	See Note 18.

Reconciliation Of Segment Capital Expenditures And Investments To Total Capital Expenditures

The following reconciles segment capital expenditures and investments to total capital expenditures:



	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2014		2013		2014		2013
Segment capital expenditures and investments	$	343	$	251	$	683	$	1,797
Less: Investments in equity method investees	41		6		164		11
Plus: Items not allocated to segments:
Capital expenditures not allocated to segments	13		28		38		52
Capitalized interest	7		4		13		8
Total capital expenditures^(a)(b)	$	322	$	277	$	570	$	1,846


^(a)	Capital expenditures include changes in capital accruals and acquisitions.


^(b)	See Note 16 for a reconciliation of total capital expenditures to additions to property, plant and equipment as reported in the consolidated statements of cash flows.

Reconciliation Of Total Revenues To Sales And Other Operating Revenues

The following reconciles customer revenues to sales and other operating revenues (including consumer excise taxes) as reported in the consolidated statements of income:



	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2014		2013		2014		2013
Customer revenues (as reported above)	$	26,844	$	25,677	$	50,129	$	49,013
Corporate and other unallocated items	—		—		—		(6		)
Sales and other operating revenues (including consumer excise taxes)	$	26,844	$	25,677	$	50,129	$	49,007

Total Assets By Reportable Segment

Total assets by reportable segment were:



(In millions)	June 30, 2014		December 31, 2013
Refining & Marketing	$	20,708	$	19,573
Speedway	2,185		2,064
Pipeline Transportation	2,135		1,947
Corporate and Other	4,348		4,801
Total consolidated assets	$	29,376	$	28,385

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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