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Debt (Tables)
9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Outstanding Borrowings
Our outstanding borrowings at September 30, 2014 and December 31, 2013 consisted of the following:
(In millions)
September 30,
2014
 
December 31,
2013
Marathon Petroleum Corporation:
 
 
 
Revolving credit agreement due 2017
$

 
$

Term loan agreement due 2019
700

 

3.500% senior notes due March 1, 2016
750

 
750

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

 
1,000

3.625% senior notes due September 15, 2024
750

 

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

 
1,250

4.750% senior notes due September 15, 2044
800

 

5.000% senior notes due September 15, 2054
400

 

Consolidated subsidiaries:
 
 
 
Capital lease obligations due 2014-2028
378

 
395

MPLX Operations LLC revolving credit agreement due 2017
255

 

Trade receivables securitization facility due 2016

 

Total
6,283

 
3,395

Unamortized discount
(26
)
 
(10
)
Fair value adjustments(a)
7

 
11

Amounts due within one year
(26
)
 
(23
)
Total long-term debt due after one year
$
6,238

 
$
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.