Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents		$ 8,625	$ 5,291
Short-term investments		3,145	5,548
Receivables, less allowance for doubtful accounts of $29 and $40, respectively		13,477	11,034
Inventories		8,827	8,055
Other current assets		1,168	568
Total current assets		35,242	30,496
Equity method investments		6,466	5,409
Property, plant and equipment, net	[1]	35,657	37,440
Goodwill		8,244	8,256
Right of use assets		1,214	1,372
Other noncurrent assets		3,081	2,400
Total assets		89,904	85,373
Liabilities
Accounts payable		15,312	13,700
Payroll and benefits payable		967	911
Accrued taxes		1,140	1,231
Debt due within one year		1,066	571
Operating lease liabilities		368	438
Other current liabilities		1,167	1,047
Total current liabilities		20,020	17,898
Long-term debt		25,634	24,968
Deferred income taxes		5,904	5,638
Defined benefit postretirement plan obligations		1,114	1,015
Long-term operating lease liabilities		841	927
Deferred credits and other liabilities		1,304	1,346
Total liabilities		54,817	51,792
Commitments and contingencies (see Note 29)
Redeemable noncontrolling interest		968	965
Equity
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized)		0	0
Common stock:
Issued – 990 million and 984 million shares (par value $0.01 per share, 2 billion shares authorized)		10	10
Held in treasury, at cost – 536 million and 405 million shares		(31,841)	(19,904)
Additional paid-in capital		33,402	33,262
Retained earnings		26,142	12,905
Accumulated other comprehensive income (loss)		2	(67)
Total MPC stockholders’ equity		27,715	26,206
Noncontrolling interests		6,404	6,410
Total equity		34,119	32,616
Total liabilities, redeemable noncontrolling interest and equity		$ 89,904	$ 85,373

[1] Includes finance leases. See Note 28.