XML 34 R55.htm IDEA: XBRL DOCUMENT v3.19.3

Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease, Cost

Under ASC 842, the components of lease cost were as follows:

	Three Months Ended  September 30,				Nine Months Ended  September 30,
(In millions)	2019				2019
Finance lease cost:
Amortization of right of use assets	$	17			$	46
Interest on lease liabilities	12				32
Operating lease cost	209				597
Variable lease cost	23				66
Short-term lease cost	197				511
Total lease cost	$	458			$	1,252

Supplemental Balance Sheet Disclosures [Text Block]

Supplemental balance sheet data related to leases were as follows:

(In millions)	September 30, 2019
Operating leases
Assets
Right of use assets	$	2,522
Liabilities
Operating lease liabilities	$	586
Long-term operating lease liabilities	1,962
Total operating lease liabilities	$	2,548
Weighted average remaining lease term (in years)	6.4
Weighted average discount rate	4.09		%
Finance leases
Assets
Property, plant and equipment, gross	$	814
Accumulated depreciation	224
Property, plant and equipment, net	$	590
Liabilities
Debt due within one year	$	55
Long-term debt	654
Total finance lease liabilities	$	709
Weighted average remaining lease term (in years)	12.1
Weighted average discount rate	6.56		%

Schedule Of Future Minimum Lease Payments For Operating And Capital Leases Table [Text Block]

As of September 30, 2019, maturities of lease liabilities for operating lease obligations and finance lease obligations having initial or remaining non-cancellable lease terms in excess of one year are as follows:

(In millions)	Operating				Finance
2019	$	174			$	29
2020	665				94
2021	572				86
2022	388				94
2023	277				96
2024 and thereafter	855				611
Gross lease payments	2,931				1,010
Less: imputed interest	383				301
Total lease liabilities	$	2,548			$	709

Presented in accordance with ASC 840, future minimum commitments as of December 31, 2018 for operating lease obligations and capital lease obligations having initial or remaining non-cancellable lease terms in excess of one year were as follows:

(In millions)	Operating				Capital
2019	$	709			$	70
2020	619				71
2021	553				66
2022	389				75
2023	295				82
2024 and thereafter	858				586
Total minimum lease payments	$	3,423			950
Less: imputed interest costs					301
Present value of net minimum lease payments					$	649

Schedule of Future Minimum Rental Payments Receivable for Operating Leases [Table Text Block]

The following is a schedule of minimum future rentals on the non‑cancellable operating leases as of September 30, 2019:

(In millions)
2019	$	47
2020	186
2021	178
2022	176
2023	170
2024 and thereafter	1,269
Total minimum future rentals	$	2,026

Schedule of Property Subject to or Available for Operating Lease [Table Text Block]

The following schedule summarizes our investment in assets held for operating lease by major classes as of September 30, 2019:

(In millions)	September 30, 2019
Natural gas gathering and NGL transportation pipelines and facilities	$	1,061
Natural gas processing facilities	633
Terminal and related assets	82
Land, building, office equipment and other	45
Property, plant and equipment	1,821
Less accumulated depreciation	304
Property, plant and equipment, net	$	1,517

X

- Definition

Schedule of future minimum lease payments for operating and capital leases [Table Text Block].

+ References

No definition available.

+ Details

Name:	mpc_ScheduleOfFutureMinimumLeasePaymentsForOperatingAndCapitalLeasesTableTextBlock
Namespace Prefix:	mpc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessor's property under leasing agreements and property available for lease (not currently under lease) by property class, the gross amount, accumulated depreciation and net amount of as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=84164653&loc=d3e41551-112718

+ Details

Name:	us-gaap_ScheduleOfPropertySubjectToOrAvailableForOperatingLeaseTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-URI http://asc.fasb.org/topic&trid=2122208

+ Details

Name:	us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration