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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,247 $ 1,687
Receivables, less allowance for doubtful accounts of $10 and $9, respectively 7,603 5,853
Inventories 9,088 9,837
Other current assets 458 646
Total current assets 18,396 18,023
Equity method investments 6,729 5,898
Property, plant and equipment, net 45,335 45,058
Goodwill 20,277 20,184
Right of use assets 2,588 0
Other noncurrent assets 3,571 3,777
Total assets 96,896 92,940
Current liabilities:    
Accounts payable 10,905 9,366
Payroll and benefits payable 778 1,152
Accrued taxes 1,223 1,446
Debt due within one year 554 544
Operating lease liabilities 615 0
Other current liabilities 815 708
Total current liabilities 14,890 13,216
Long-term debt 27,853 26,980
Deferred income taxes 5,235 4,864
Defined benefit postretirement plan obligations 1,610 1,509
Long-term operating lease liabilities 2,068 0
Deferred credits and other liabilities 1,174 1,318
Total liabilities 52,830 47,887
Commitments and contingencies (see Note 23)
Redeemable noncontrolling interest 1,005 1,004
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 – 978 million and 975 million shares (par value $0.01 per share, 2 billion shares authorized) 10 10
Held in treasury, at cost – 318 million and 295 million shares (14,573) (13,175)
Additional paid-in capital 33,785 33,729
Retained earnings 15,146 14,755
Accumulated other comprehensive loss (161) (144)
Total MPC stockholders’ equity 34,207 35,175
Noncontrolling interests 8,854 8,874
Total equity 43,061 44,049
Total liabilities, redeemable noncontrolling interest and equity $ 96,896 $ 92,940