Acquisitions (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

During the six months ended June 30, 2019, we recorded adjustments to the preliminary fair value estimates of assets acquired and liabilities assumed as of the acquisition date as noted in the table below.



(In millions)	As originally reported		Adjustments			As adjusted
Cash and cash equivalents	$	382	$	—		$	382
Receivables	2,744		(2		)	2,742
Inventories	5,204		(9		)	5,195
Other current assets	378		—			378
Equity method investments	865		37			902
Property, plant and equipment, net	16,545		(78		)	16,467
Other noncurrent assets^(a)	3,086		(1		)	3,085
Total assets acquired	29,204		(53		)	29,151
Accounts payable	4,003		(4		)	3,999
Payroll and benefits payable	348		—			348
Accrued taxes	590		—			590
Debt due within one year	34		—			34
Other current liabilities	392		30			422
Long-term debt	8,875		1			8,876
Deferred income taxes	1,609		16			1,625
Defined benefit postretirement plan obligations	432		—			432
Deferred credit and other liabilities	714		15			729
Noncontrolling interests	5,059		3			5,062
Total liabilities and noncontrolling interest assumed	22,056		61			22,117
Net assets acquired excluding goodwill	7,148		(114		)	7,034
Goodwill	16,314		114			16,428
Net assets acquired	$	23,462	$	—		$	23,462

^(a)

Includes intangible assets.

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited pro forma financial information presents consolidated results assuming the Andeavor acquisition occurred on January 1, 2017. The unaudited pro forma information does not give effect to potential synergies that could result from the transaction and is not necessarily indicative of the results of future operations.



	Three Months Ended June 30,		Six Months Ended June 30,
(In millions)	2018		2018
Sales and other operating revenues	$	34,959	$	64,338
Net income attributable to MPC	1,452		1,478