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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues and other income:      
Sales and other operating revenues, excluding consumer excise taxes [1],[2] $ 95,750    
Sales and other operating revenue, including excise taxes [2]   $ 74,104 $ 63,277
Sales to related parties [3] 754 629 62
Income (loss) from equity method investments 373 306 (185)
Net gain on disposal of assets 23 10 32
Other income 202 320 178
Total revenues and other income 97,102 75,369 63,364
Costs and expenses:      
Cost of revenues (excludes items below) [2] 85,456 66,519 56,676
Purchases from related parties [4] 610 570 509
Inventory market valuation adjustment 0 0 (370)
Impairment expense 0 0 130
Depreciation and amortization 2,490 2,114 2,001
Selling, general and administrative expenses 2,418 1,694 1,597
Other taxes 557 454 435
Total costs and expenses 91,531 71,351 60,978
Income from operations 5,571 4,018 2,386
Net interest and other financial costs 1,003 674 564
Income before income taxes 4,568 3,344 1,822
(Benefit) provision for income taxes 962 (460) 609
Net income 3,606 3,804 1,213
Less net income (loss) attributable to:      
Redeemable noncontrolling interest 75 65 41
Noncontrolling interests 751 307 (2)
Net income attributable to MPC $ 2,780 $ 3,432 $ 1,174
Basic:      
Net income attributable to MPC per share $ 5.36 $ 6.76 $ 2.22
Weighted average shares outstanding (in shares) 518 507 528
Diluted:      
Net income attributable to MPC per share $ 5.28 $ 6.70 $ 2.21
Weighted average shares outstanding (in shares) 526 512 530
[1] The 2018 period reflects an election to present certain taxes on a net basis concurrent with our adoption of ASC 606.
[2] The 2018 period reflects an election to present certain taxes on a net basis concurrent with our adoption of ASU 2014-09, Revenue - Revenue from Contracts with Customers (“ASC 606”). See Notes 2 and 3 for further information.
[3] Sales to related parties consists primarily of sales of refined products to PFJ Southeast, an equity affiliate which owns and operates travel plazas primarily in the Southeast region of the United States.
[4] We obtain transportation services and purchase ethanol from certain of our equity affiliates, none of which is individually material.