XML 86 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,525 $ 1,687
Receivables, less allowance for doubtful accounts of $21 and $9, respectively 7,461 5,853
Inventories 9,696 9,837
Other current assets 457 646
Total current assets 19,139 18,023
Equity method investments 6,725 5,898
Property, plant and equipment, net 45,034 45,058
Goodwill 21,277 20,184
Right of use assets 2,522 0
Other noncurrent assets 3,442 3,777
Total assets 98,139 92,940
Current liabilities:    
Accounts payable 11,380 9,366
Payroll and benefits payable 939 1,152
Accrued taxes 1,015 1,446
Debt due within one year 557 544
Operating lease liabilities 586 0
Other current liabilities 862 708
Total current liabilities 15,339 13,216
Long-term debt 28,282 26,980
Deferred income taxes 6,180 4,864
Defined benefit postretirement plan obligations 1,487 1,509
Long-term operating lease liabilities 1,962 0
Deferred credits and other liabilities 1,265 1,318
Total liabilities 54,515 47,887
Commitments and contingencies (see Note 23)
Redeemable noncontrolling interest 968 1,004
MPC stockholders’ equity:    
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized) 0 0
Common stock:    
Issued – 978 million and 975 million shares (par value $0.01 per share, 2 billion shares authorized) 10 10
Held in treasury, at cost – 328 million and 295 million shares (15,076) (13,175)
Additional paid-in capital 33,125 33,729
Retained earnings 15,891 14,755
Accumulated other comprehensive loss (212) (144)
Total MPC stockholders’ equity 33,738 35,175
Noncontrolling interests 8,918 8,874
Total equity 42,656 44,049
Total liabilities, redeemable noncontrolling interest and equity $ 98,139 $ 92,940