XML 24 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 67 $ 15
Receivables, net 562 593
Current Assets, Related Parties 594 656
Inventories 115 110
Other current assets 48 110
Total current assets 1,386 1,484
Equity method investments 4,065 5,275
Property, plant and equipment, net 21,758 22,145
Intangibles, net 1,023 1,270
Goodwill 7,722 9,536
Operating Lease, Right-of-Use Asset 341 365
Other Assets, Related Parties, Noncurrent 676 303
Other noncurrent assets 51 52
Total assets 37,022 40,430
Current liabilities:    
Accounts payable 145 242
Accrued Liabilities, Current 138 187
Current Liabilities, Related Parties 372 1,008
Accrued Property Plant and Equipment Current 154 283
Accrued interest payable 207 210
Operating Lease, Liability, Current 69 66
Other current liabilities 143 136
Total current liabilities 1,228 2,132
Long-term deferred revenue 261 217
Liabilities, Related Parties, Noncurrent 287 290
Long-term debt 20,556 19,704
Deferred income taxes 11 12
Operating Lease, Liability, Noncurrent 274 302
Deferred credits and other liabilities 175 192
Total liabilities 22,792 22,849
Commitments and contingencies (see Note 21)
Series A preferred units 968 968
Equity    
Total MPLX LP partners’ capital 13,015 16,364
Accumulated other comprehensive loss [1] (16) (15)
Noncontrolling interests 247 249
Total equity 13,262 16,613
Total liabilities, preferred units and equity 37,022 40,430
MPC    
Assets    
Other current assets 1 0
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 611 611
Limited Partners Common Units | Public    
Equity    
Total MPLX LP partners’ capital 9,469 10,800
Total equity 9,469 10,800
Limited Partners Common Units | MPC    
Equity    
Total MPLX LP partners’ capital 2,951 4,968
Total equity 2,951 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.”