Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 1,673	$ 3,210
Receivables, less allowance for expected credit loss of $22 and $73, respectively	11,128	11,145
Inventories	10,106	9,568
Other current assets	821	524
Total current assets	23,728	24,447
Equity method investments	7,294	6,857
Property, plant and equipment, net	34,805	35,028
Goodwill	8,244	8,244
Right of use assets	1,399	1,300
Other noncurrent assets	3,014	2,982
Total assets	78,484	78,858
Liabilities
Accounts payable	13,345	13,906
Payroll and benefits payable	756	1,096
Accrued taxes	1,414	1,204
Debt due within one year	1,819	3,049
Operating lease liabilities	446	417
Other current liabilities	1,475	1,155
Total current liabilities	19,255	20,827
Long-term debt	26,835	24,432
Deferred income taxes	5,718	5,771
Defined benefit postretirement plan obligations	1,231	1,157
Long-term operating lease liabilities	935	860
Deferred credits and other liabilities	1,246	1,305
Total liabilities	55,220	54,352
Commitments and contingencies (see Note 22)
Redeemable noncontrolling interest	0	203
Equity
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized)	0	0
Common stock:
Issued – 994 million and 994 million shares (par value $0.01 per share, 2 billion shares authorized)	10	10
Held in treasury, at cost – 690 million and 678 million shares	(54,360)	(52,623)
Additional paid-in capital	33,658	33,624
Retained earnings	37,424	36,848
Accumulated other comprehensive loss	(108)	(114)
Total MPC stockholders’ equity	16,624	17,745
Noncontrolling interests	6,640	6,558
Total equity	23,264	24,303
Total liabilities, redeemable noncontrolling interest and equity	$ 78,484	$ 78,858