Investments and Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

The following table presents MPLX’s equity method investments at the dates indicated:



	Ownership as of	Carrying value at
	December 31,	December 31,
(In millions, except ownership percentages)	2019	2019		2018
L&S
MarEn Bakken Company LLC	25%	$	481	$	498
Illinois Extension Pipeline Company, L.L.C.	35%	265		275
LOOP LLC	41%	238		226
Andeavor Logistics Rio Pipeline LLC⁽¹⁾	67%	202		181
Minnesota Pipe Line Company, LLC⁽¹⁾	17%	190		197
Whistler Pipeline LLC	38%	134		—
Wink to Webster Pipeline LLC	15%	126		—
Explorer Pipeline Company	25%	83		90
Other⁽¹⁾		55		51
Total L&S		1,774		1,518
G&P
MarkWest Utica EMG, L.L.C.	56%	1,984		2,039
Sherwood Midstream LLC	50%	537		366
MarkWest EMG Jefferson Dry Gas Gathering Company, L.L.C.	67%	302		236
Rendezvous Gas Services, L.L.C.⁽¹⁾	78%	170		248
Sherwood Midstream Holdings LLC	53%	157		157
Centrahoma Processing LLC	40%	153		160
Other⁽¹⁾		198		177
Total G&P		3,501		3,383
Total		$	5,275	$	4,901

(1)

These investments as well as certain investments included within “Other” for both L&S and G&P are investments acquired as part of the Merger. The December 31, 2019 balance reflects all purchase accounting adjustments identified by MPC as part of its acquisition of Andeavor.

Summarized Financial Information For Equity Method Investees Table

Summarized financial information for MPLX’s equity method investments for the years ended December 31, 2019, 2018 and 2017 is as follows:



	December 31, 2019⁽¹⁾
(In millions)	Other VIEs		Non-VIEs		Total
Revenues and other income	$	650	$	1,417	$	2,067
Costs and expenses	375		568		943
Income from operations	275		849		1,124
Net income	215		752		967
Income from equity method investments⁽²⁾	$	103	$	187	$	290



	December 31, 2018⁽¹⁾
(In millions)	Other VIEs		Non-VIEs		Total
Revenues and other income	$	484	$	1,421	$	1,905
Costs and expenses	286		738		1,024
Income from operations	198		683		881
Net income	197		606		803
Income from equity method investments⁽²⁾	$	67	$	180	$	247



	December 31, 2017⁽¹⁾
(In millions)	Other VIEs		Non-VIEs		Total
Revenues and other income	$	273	$	954	$	1,227
Costs and expenses	139		520		659
Income from operations	134		434		568
Net income	133		345		478
Income from equity method investments⁽²⁾	$	30	$	48	$	78

(1)

The financial information for equity method investments for 2019 includes financial information of equity method investments acquired as part of the Merger. The financial information for equity method investments for 2018 includes financial information of equity method investments acquired as part of the Merger for the last three months of 2018. The financial information for equity method investments for 2017 does not include financial information of equity method investments acquired as part of the Merger. See Note 1 for additional information.


(2)	“Income from equity method investments” includes the impact of any basis differential amortization or accretion.

Summarized balance sheet information for MPLX’s equity method investments as of December 31, 2019 and 2018 is as follows:



	December 31, 2019
(In millions)	Other VIEs		Non-VIEs		Total
Current assets	$	534	$	330	$	864
Noncurrent assets	5,862		5,134		10,996
Current liabilities	192		245		437
Noncurrent liabilities	$	305	$	822	$	1,127



	December 31, 2018
(In millions)	Other VIEs		Non-VIEs		Total
Current assets	$	252	$	415	$	667
Noncurrent assets	3,796		5,290		9,086
Current liabilities	158		280		438
Noncurrent liabilities	$	191	$	845	$	1,036