XML 85 R61.htm IDEA: XBRL DOCUMENT v3.20.2
Net Income Per Limited Partner Unit - Basic and Diluted Earnings Per Unit (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Schedule Of Earnings Per Share Basic And Diluted [Line Items]        
Potentially dilutive units 1 1 1 1
Distribution Made to Limited Partner, Cash Distributions Declared $ 745 $ 734 $ 2,250 $ 2,011
Net income (loss) attributable to MPLX LP:        
Undistributed net income (loss) attributable to MPLX LP (80) (105) (3,661) (397)
Net income attributable to MPLX LP 665 [1] 629 [2] (1,411) [3] 1,614 [4]
Limited Partners Common Units        
Schedule Of Earnings Per Share Basic And Diluted [Line Items]        
Distribution Made to Limited Partner, Cash Distributions Declared [5] 715 704 [6] 2,158 1,919 [6]
Net income (loss) attributable to MPLX LP:        
Undistributed net income (loss) attributable to MPLX LP (80) (105) (3,661) (397)
Net income attributable to MPLX LP $ 635 [1] $ 599 [2] $ (1,503) [3] $ 1,522 [4]
Weighted average units outstanding:        
Common - basic (in shares) 1,046 974 [7] 1,054 855 [8]
Common - diluted (in shares) 1,047 975 [7] 1,054 855 [8]
Net income attributable to MPLX LP per limited partner unit:        
Basic (in USD per unit) $ 0.61 $ 0.61 $ (1.43) $ 1.78
Diluted (in USD per unit) $ 0.61 $ 0.61 $ (1.43) $ 1.78
Series A Preferred Stock [Member] | Series A Preferred Stock [Member]        
Schedule Of Earnings Per Share Basic And Diluted [Line Items]        
Distribution Made to Limited Partner, Cash Distributions Declared [5] $ 20 $ 20 $ 61 $ 61
Net income (loss) attributable to MPLX LP:        
Undistributed net income (loss) attributable to MPLX LP 0 0 0 0
Net income attributable to MPLX LP 20 [1] 20 [2] 61 [3] 61 [4]
Series B Preferred Stock [Member] | Series A Preferred Stock [Member]        
Schedule Of Earnings Per Share Basic And Diluted [Line Items]        
Distribution Made to Limited Partner, Cash Distributions Declared [5] 10 10 31 31
Net income (loss) attributable to MPLX LP:        
Undistributed net income (loss) attributable to MPLX LP 0 0 0 0
Net income attributable to MPLX LP $ 10 [1] $ 10 [2] $ 31 [3] $ 31 [4]
[1]
Allocation of net income attributable to MPLX LP assumes all earnings for the period had been distributed based on the distribution priorities applicable to the period.
[2]
Allocation of net income attributable to MPLX LP assumes all earnings for the period had been distributed based on the distribution priorities applicable to the period.
[3]
Allocation of net income attributable to MPLX LP assumes all earnings for the period had been distributed based on the distribution priorities applicable to the period.
[4]
Allocation of net income attributable to MPLX LP assumes all earnings for the period had been distributed based on the distribution priorities applicable to the period.
[5]
See Note 7 for distribution information.
[6]
The three and nine months ended September 30, 2019 amounts are net of $12.5 million and $25 million, respectively, of waived distributions with respect to units held by MPC and its affiliates.
[7]
The Series B preferred units and the MPLX common units issued in connection with the Merger were not outstanding during the entire three months ended September 30, 2019. See Notes 3 and 7 for additional information about the treatment of these units.
[8]
The Series B preferred units and the MPLX common units issued in connection with the Merger were not outstanding during the entire nine months ended September 30, 2019. See Notes 3 and 7 for additional information about the treatment of these units.