Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents (MPLX: $234 and $43, respectively)	$ 887	$ 1,127
Receivables, less allowance for doubtful accounts of $12 and $12 (MPLX: $302 and $257, respectively)	3,617	2,927
Inventories (MPLX: $54 and $51, respectively)	5,656	5,225
Other current assets (MPLX: $33 and $50, respectively)	241	192
Total current assets	10,401	9,471
Equity method investments (MPLX: $2,467 and $2,458, respectively)	3,827	3,622
Property, plant and equipment, net (MPLX: $10,730 and $9,997, respectively)	25,765	25,164
Goodwill (MPLX: $2,199 and $2,570, respectively)	3,587	4,019
Other noncurrent assets (MPLX: $506 and $478, respectively)	833	839
Total assets	44,413	43,115
Current liabilities:
Accounts payable (MPLX: $506 and $449, respectively)	5,593	4,743
Payroll and benefits payable (MPLX: $1 and $18, respectively)	530	503
Consumer excise taxes payable (MPLX: $2 and $1, respectively)	464	460
Accrued taxes (MPLX: $31 and $26, respectively)	153	184
Debt due within one year (MPLX: $1 and $1, respectively)	28	29
Other current liabilities (MPLX: $78 and $65, respectively)	378	426
Total current liabilities	7,146	6,345
Long-term debt (MPLX: $4,422 and $5,255, respectively)	10,544	11,896
Deferred income taxes (MPLX: $5 and $378, respectively)	3,861	3,285
Defined benefit postretirement plan obligations	1,055	1,179
Deferred credits and other liabilities (MPLX: $181 and $170, respectively)	604	735
Total liabilities	23,210	23,440
Commitments and contingencies (see Note 25)
Redeemable noncontrolling interest	1,000	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 – 731 million and 729 million shares (par value 0.01 per share, 1 billion shares authorized)	7	7
Held in treasury, at cost – 203 million and 198 million shares	(7,482)	(7,275)
Additional paid-in capital	11,060	11,071
Retained earnings	10,206	9,752
Accumulated other comprehensive loss	(234)	(318)
Total MPC stockholders’ equity	13,557	13,237
Noncontrolling interests	6,646	6,438
Total equity	20,203	19,675
Total liabilities, redeemable noncontrolling interest and equity	$ 44,413	$ 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.