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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 57 $ 15
Receivables, net 522 593
Current Assets, Related Parties 600 656
Inventories 105 110
Other current assets 45 110
Total current assets 1,329 1,484
Equity method investments 3,992 5,275
Property, plant and equipment, net 21,829 22,145
Intangibles, net 1,055 1,270
Goodwill 7,722 9,536
Operating Lease, Right-of-Use Asset 352 365
Other Assets, Related Parties, Noncurrent 677 303
Other noncurrent assets 50 52
Total assets 37,006 40,430
Current liabilities:    
Accounts payable 138 242
Accrued Liabilities, Current 135 187
Current Liabilities, Related Parties 297 1,008
Accrued Property Plant and Equipment Current 234 283
Accrued interest payable 214 210
Operating Lease, Liability, Current 67 66
Other current liabilities 129 136
Total current liabilities 1,214 2,132
Long-term deferred revenue 241 217
Liabilities, Related Parties, Noncurrent 290 290
Long-term debt 20,467 19,704
Deferred income taxes 11 12
Operating Lease, Liability, Noncurrent 284 302
Deferred credits and other liabilities 175 192
Total liabilities 22,682 22,849
Commitments and contingencies (see Note 21)
Series A preferred units 968 968
Equity    
Total MPLX LP partners’ capital 13,108 16,364
Accumulated other comprehensive loss [1] (16) (15)
Noncontrolling interests 248 249
Total equity 13,356 16,613
Total liabilities, preferred units and equity 37,006 40,430
MPC    
Current assets:    
Operating Lease, Right-of-Use Asset 231 232
Current liabilities:    
Operating Lease, Liability, Current 1 1
Operating Lease, Liability, Noncurrent 230 230
Series B Preferred Stock [Member]    
Equity    
Total MPLX LP partners’ capital 601 611
Limited Partners Common Units | Public    
Equity    
Total MPLX LP partners’ capital 9,509 10,800
Total equity 9,509 10,800
Limited Partners Common Units | MPC    
Equity    
Total MPLX LP partners’ capital 3,014 4,968
Total equity 3,014 4,968
LOOP and Explorer    
Equity    
Accumulated other comprehensive loss (16) (15)
Retained Earnings [Member] | MPC    
Equity    
Total equity $ 0 $ 0
[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.”