Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents (MPLX: $35 and $43, respectively)	$ 1,754	$ 1,127
Receivables, less allowance for doubtful accounts of $12 and $12 (MPLX: $274 and $257, respectively)	3,199	2,927
Inventories (MPLX: $49 and $51, respectively)	5,209	5,225
Other current assets (MPLX: $24 and $50, respectively)	142	192
Total current assets	10,304	9,471
Equity method investments (MPLX: $2,485 and $2,458, respectively)	3,793	3,622
Property, plant and equipment, net (MPLX: $10,360 and $9,997, respectively)	25,512	25,164
Goodwill (MPLX: $2,199 and $2,570, respectively)	3,648	4,019
Other noncurrent assets (MPLX: $523 and $478, respectively)	876	839
Total assets	44,133	43,115
Current liabilities:
Accounts payable (MPLX: $458 and $449, respectively)	5,214	4,743
Payroll and benefits payable (MPLX: $1 and $18, respectively)	366	503
Consumer excise taxes payable (MPLX: $2 and $1, respectively)	480	460
Accrued taxes (MPLX: $30 and $26, respectively)	336	184
Debt due within one year (MPLX: $1 and $1, respectively)	27	29
Other current liabilities (MPLX: $69 and $65, respectively)	359	426
Total current liabilities	6,782	6,345
Long-term debt (MPLX: $4,400 and $5,255, respectively)	11,032	11,896
Deferred income taxes (MPLX: $368 and $378, respectively)	3,520	3,285
Defined benefit postretirement plan obligations	1,242	1,179
Deferred credits and other liabilities (MPLX: $185 and $170, respectively)	629	735
Total liabilities	23,205	23,440
Commitments and contingencies (see Note 22)
Redeemable noncontrolling interest	993	0
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 – 730 million and 729 million shares (par value 0.01 per share, 1 billion shares authorized)	7	7
Held in treasury, at cost – 202 million and 198 million shares	(7,407)	(7,275)
Additional paid-in capital	10,996	11,071
Retained earnings	10,215	9,752
Accumulated other comprehensive loss	(321)	(318)
Total MPC stockholders’ equity	13,490	13,237
Noncontrolling interests	6,445	6,438
Total equity	19,935	19,675
Total liabilities, redeemable noncontrolling interest and equity	$ 44,133	$ 43,115

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.