XML 51 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,687 $ 3,011
Receivables, less allowance for doubtful accounts of $9 and $11, respectively 5,853 4,695
Inventories 9,837 5,550
Other current assets 646 145
Total current assets 18,023 13,401
Equity method investments 5,898 4,787
Property, plant and equipment, net 45,058 26,443
Goodwill 20,184 3,586
Other noncurrent assets 3,777 830
Total assets 92,940 49,047
Current liabilities:    
Accounts payable 9,366 8,297
Payroll and benefits payable 1,152 591
Accrued taxes 1,446 670
Debt due within one year 544 624
Other current liabilities 708 296
Total current liabilities 13,216 10,478
Long-term debt 26,980 12,322
Deferred income taxes 4,864 2,654
Defined benefit postretirement plan obligations 1,509 1,099
Deferred credits and other liabilities 1,318 666
Total liabilities 47,887 27,219
Commitments and contingencies (see Note 25)
Redeemable noncontrolling interest 1,004 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 – 975 million and 734 million shares (par value $0.01 per share, 2 billion shares authorized) 10 7
Held in treasury, at cost – 295 million and 248 million shares (13,175) (9,869)
Additional paid-in capital 33,729 11,262
Retained earnings 14,755 12,864
Accumulated other comprehensive loss (144) (231)
Total MPC stockholders’ equity 35,175 14,033
Noncontrolling interests 8,874 6,795
Total equity 44,049 20,828
Total liabilities, redeemable noncontrolling interest and equity $ 92,940 $ 49,047