Equity Method Investments (Tables)

9 Months Ended

Sep. 30, 2020

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



	Ownership as of	Carrying value at
	September 30,	September 30,		December 31,
(In millions, except ownership percentages)	2020	2020		2019
L&S
MarEn Bakken Company LLC⁽¹⁾	25%	$	469	$	481
Illinois Extension Pipeline Company, L.L.C.	35%	261		265
LOOP LLC	41%	249		238
Andeavor Logistics Rio Pipeline LLC⁽²⁾	67%	195		202
Minnesota Pipe Line Company, LLC	17%	189		190
Whistler Pipeline LLC⁽²⁾	38%	184		134
Explorer Pipeline Company	25%	78		83
W2W Holdings LLC⁽²⁾⁽³⁾	50%	77		—
Wink to Webster Pipeline LLC⁽²⁾⁽³⁾	15%	—		126
Other⁽²⁾		100		55
Total L&S		1,802		1,774
G&P
MarkWest Utica EMG, L.L.C.⁽²⁾	57%	720		1,984
Sherwood Midstream LLC⁽²⁾	50%	560		537
MarkWest EMG Jefferson Dry Gas Gathering Company, L.L.C.⁽²⁾	67%	307		302
Rendezvous Gas Services, L.L.C.⁽²⁾	78%	164		170
Sherwood Midstream Holdings LLC⁽²⁾	51%	151		157
Centrahoma Processing LLC	40%	147		153
Other⁽²⁾		230		198
Total G&P		2,279		3,501
Total		$	4,081	$	5,275


(1)	The investment in MarEn Bakken Company LLC includes our 9.19 percent indirect interest in a joint venture (“Dakota Access”) that owns and operates the Dakota Access Pipeline and Energy Transfer Crude Oil Pipeline projects, collectively referred to as the Bakken Pipeline system or DAPL.


(2)	Investments deemed to be VIEs. Some investments included within “Other” have also been deemed to be VIEs.


(3)	During the nine months ended September 30, 2020, we contributed our ownership in Wink to Webster Pipeline LLC to W2W Holdings LLC.

Summarized financial information for MPLX’s equity method investments for the nine months ended September 30, 2020 and 2019 is as follows:



	Nine Months Ended September 30, 2020
(In millions)	VIEs			Non-VIEs		Total
Revenues and other income	$	132		$	933	$	1,065
Costs and expenses	308			405		713
Income from operations	(176		)	528		352
Net income	(230		)	477		247
(Loss)/income from equity method investments⁽¹⁾	$	(1,138	)	$	126	$	(1,012	)


(1)	Includes the impact of any basis differential amortization or accretion in addition to the impairment of $1,264 million.



	Nine Months Ended September 30, 2019
(In millions)	VIEs		Non-VIEs		Total
Revenues and other income	$	479	$	1,116	$	1,595
Costs and expenses	251		434		685
Income from operations	228		682		910
Net income	192		605		797
Income from equity method investments⁽¹⁾	$	89	$	166	$	255


(1)	Includes the impact of any basis differential amortization or accretion.

Summarized balance sheet information for MPLX’s equity method investments as of September 30, 2020 and December 31, 2019 is as follows: