XML 34 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt (Tables)
 6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Outstanding Borrowings
Our outstanding borrowings at June 30, 2014 and December 31, 2013 consisted of the following:
(In millions)
June 30,
2014
 
December 31,
2013
Marathon Petroleum Corporation:
 
 
 
Revolving credit agreement due 2017
$
—

 
$
—

3.500% senior notes due March 1, 2016
750

 
750

5.125% senior notes due March 1, 2021
1,000

 
1,000

6.500% senior notes due March 1, 2041
1,250

 
1,250

Consolidated subsidiaries:
 
 
 
Capital lease obligations due 2014-2028
384

 
395

MPLX Operations LLC revolving credit agreement due 2017
255

 
—

Trade receivables securitization facility due 2016
—

 
—

Total
3,639

 
3,395

Unamortized discount
(10
)
 
(10
)
Fair value adjustments(a)
9

 
11

Amounts due within one year
(26
)
 
(23
)
Total long-term debt due after one year
$
3,612

 
$
3,373

(a) 
The $20 million gain on the termination of our interest rate swap agreements in 2012 is being amortized over the remaining life of the 3.50 percent senior notes.