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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents (MPLX: $37 and $5, respectively) $ 4,992 $ 3,011
Receivables, less allowance for doubtful accounts of $10 and $11 (MPLX: $462 and $299, respectively) 5,408 4,695
Inventories (MPLX: $81 and $65, respectively) 5,339 5,550
Other current assets (MPLX: $33 and $29, respectively) 134 145
Total current assets 15,873 13,401
Equity method investments (MPLX: $4,104 and $4,010, respectively) 4,910 4,787
Property, plant and equipment, net (MPLX: $14,271 and $12,187, respectively) 27,717 26,443
Goodwill (MPLX: $2,586 and $2,245, respectively) 3,713 3,586
Other noncurrent assets (MPLX: $470 and $479, respectively) 818 830
Total assets 53,031 49,047
Current liabilities:    
Accounts payable (MPLX: $757 and $621, respectively) 8,016 8,297
Payroll and benefits payable (MPLX: $2 and $1, respectively) 493 591
Accrued taxes (MPLX: $53 and $38, respectively) 657 670
Debt due within one year (MPLX: $1 and $1, respectively) 26 624
Other current liabilities (MPLX: $224 and $130, respectively) 442 296
Total current liabilities 9,634 10,478
Long-term debt (MPLX: $12,889 and $6,945, respectively) 18,423 12,322
Deferred income taxes (MPLX: $13 and $5, respectively) 3,206 2,654
Defined benefit postretirement plan obligations 1,045 1,099
Deferred credits and other liabilities (MPLX: $274 and $230, respectively) 689 666
Total liabilities 32,997 27,219
Commitments and contingencies (see Note 22)
Redeemable noncontrolling interest 1,003 1,000
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 – 735 million and 734 million shares (par value $0.01 per share, 1 billion shares authorized) 7 7
Held in treasury, at cost – 284 million and 248 million shares (12,495) (9,869)
Additional paid-in capital 13,703 11,262
Retained earnings 14,119 12,864
Accumulated other comprehensive loss (168) (231)
Total MPC stockholders’ equity 15,166 14,033
Noncontrolling interests 3,865 6,795
Total equity 19,031 20,828
Total liabilities, redeemable noncontrolling interest and equity $ 53,031 $ 49,047