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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 15 $ 77
Receivables, net 593 611
Current Assets, Related Parties 656 556
Inventories 110 98
Other current assets 110 98
Total current assets 1,484 1,440
Equity method investments 5,275 4,901
Property, plant and equipment, net 22,145 21,525
Intangibles, net 1,270 1,359
Goodwill 9,536 10,016
Other noncurrent assets 52 60
Total assets 40,430 39,325
Current liabilities:    
Accounts payable 242 266
Accrued liabilities 187 272
Accrued property, plant and equipment 283 399
Accrued interest payable 210 184
Operating Lease, Liability, Current 66 0
Other current liabilities 136 645
Total current liabilities 2,132 2,268
Long-term deferred revenue 217 132
Liabilities, Related Parties, Noncurrent 290 46
Long-term debt 19,704 17,922
Deferred income taxes 12 14
Operating Lease, Liability, Noncurrent 302 0
Deferred credits and other liabilities 192 208
Total liabilities 22,849 20,590
Commitments and contingencies (see Note 23)
Series A preferred units 968 1,004
Equity    
Total MPLX LP partners’ capital 16,364 17,575
Accumulated other comprehensive loss [1] (15) (16)
Noncontrolling interests 249 156
Total equity 16,613 17,731
Total liabilities, preferred units and equity 40,430 39,325
Operating Lease, Right-of-Use Asset 365 0
Other Assets, Related Parties, Noncurrent 303 24
Current Liabilities, Related Parties 1,008 502
MPC    
Current liabilities:    
Operating Lease, Liability, Current 1 0
Operating Lease, Liability, Noncurrent 230 0
Equity    
Operating Lease, Right-of-Use Asset 232 0
Limited Partners Common Units | Public    
Equity    
Total MPLX LP partners’ capital 10,800 8,336
Total equity 10,800 8,336
Limited Partners Common Units | MPC    
Equity    
Total MPLX LP partners’ capital 4,968 (1,612)
Total equity 4,968 (1,612)
Series B Preferred Stock [Member]    
Equity    
Total MPLX LP partners’ capital 611 0
LOOP and Explorer    
Equity    
Accumulated other comprehensive loss (15) (16)
Retained Earnings [Member] | MPC    
Equity    
Total equity $ 0 $ 10,867
[1]
These components of “Accumulated other comprehensive loss” are included in the computation of net periodic benefit cost by LOOP and Explorer and are therefore included on the Consolidated Statements of Income under the caption “Income/(loss) from equity method investments.”