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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,125 $ 2,292
Receivables, less allowance for doubtful accounts of $9 and $9 5,725 5,559
Inventories 5,621 4,689
Other current assets 125 197
Total current assets 13,596 12,737
Equity method investments 690 463
Property, plant and equipment, net 13,850 13,921
Goodwill 937 938
Other noncurrent assets 303 326
Total assets 29,376 28,385
Current liabilities:    
Accounts payable 8,934 8,234
Payroll and benefits payable 286 406
Consumer excise taxes payable 381 373
Accrued taxes 909 513
Long-term debt due within one year 26 23
Other current liabilities 519 275
Total current liabilities 11,055 9,824
Long-term debt 3,612 3,373
Deferred income taxes 2,170 2,304
Defined benefit postretirement plan obligations 906 771
Deferred credits and other liabilities 596 781
Total liabilities 18,339 17,053
Commitments and contingencies (see Note 20)      
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 - 363 million and 362 million shares (par value $0.01 per share, 1 billion shares authorized) 4 4
Held in treasury, at cost - 78 million and 65 million shares (5,313) (4,155)
Additional paid-in capital 9,822 9,768
Retained earnings 6,325 5,507
Accumulated other comprehensive loss (218) (204)
Total MPC stockholders’ equity 10,620 10,920
Noncontrolling interests 417 412
Total equity 11,037 11,332
Total liabilities and equity $ 29,376 $ 28,385