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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,854 $ 2,292
Receivables, less allowance for doubtful accounts of $10 and $9 5,271 5,559
Inventories 5,608 4,689
Other current assets 154 197
Total current assets 12,887 12,737
Equity method investments 862 463
Property, plant and equipment, net 15,999 13,921
Goodwill 1,537 938
Other noncurrent assets 420 326
Total assets 31,705 28,385
Current liabilities:    
Accounts payable 8,726 8,234
Payroll and benefits payable 345 406
Consumer excise taxes payable 365 373
Accrued taxes 586 513
Long-term debt due within one year 26 23
Other current liabilities 324 275
Total current liabilities 10,372 9,824
Long-term debt 6,238 3,373
Deferred income taxes 2,165 2,304
Defined benefit postretirement plan obligations 937 771
Deferred credits and other liabilities 727 781
Total liabilities 20,439 17,053
Commitments and contingencies (see Note 22)      
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 - 82 million and 65 million shares (5,616) (4,155)
Additional paid-in capital 9,833 9,768
Retained earnings 6,856 5,507
Accumulated other comprehensive loss (228) (204)
Total MPC stockholders’ equity 10,849 10,920
Noncontrolling interests 417 412
Total equity 11,266 11,332
Total liabilities and equity $ 31,705 $ 28,385