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Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017
--- | --- | ---
Current assets: |  |  |
Cash and cash equivalents |  | $ 68 | $ 5
Receivables, net |  | 417 | 292
Receivables - related parties |  | 289 | 160
Inventories |  | 77 | 65
Other current assets |  | 46 | 37
Total current assets |  | 897 | 559
Equity method investments |  | 4,174 | 4,010
Property, plant and equipment, net |  | 14,639 | 12,187
Intangibles, net |  | 424 | 453
Goodwill |  | 2,586 | 2,245
Long-term receivables - related parties |  | 24 | 20
Other noncurrent assets |  | 35 | 26
Total assets |  | 22,779 | 19,500
Current liabilities: |  |  |
Accounts payable |  | 162 | 151
Accrued liabilities |  | 250 | 231
Payables - related parties |  | 203 | 516
Deferred revenue - related parties |  | 51 | 43
Accrued property, plant and equipment |  | 294 | 194
Accrued interest payable |  | 143 | 88
Other current liabilities |  | 83 | 81
Total current liabilities |  | 1,186 | 1,304
Long-term deferred revenue |  | 80 | 42
Long-term deferred revenue - related parties |  | 43 | 43
Long-term debt |  | 13,392 | 6,945
Deferred income taxes |  | 13 | 5
Deferred credits and other liabilities |  | 197 | 188
Total liabilities |  | 14,911 | 8,527
Commitments and contingencies (see Note 25) |  |  |
Redeemable preferred units |  | 1,004 | 1,000
Equity |  |  |
Total MPLX LP partners’ capital |  | 6,708 | 9,827
Accumulated other comprehensive loss |  | (16) | (14)
Noncontrolling interests |  | 156 | 146
Total equity |  | 6,864 | 9,973
Total liabilities, preferred units and equity |  | 22,779 | 19,500
MPC |  |  |
Current assets: |  |  |
Receivables - related parties |  | 281 | 153
Long-term receivables - related parties |  | 24 | 20
Current liabilities: |  |  |
Payables - related parties | [1] | 131 | 470
Limited Partners Common Units | Public |  |  |
Equity |  |  |
Total MPLX LP partners’ capital |  | 8,336 | 8,379
Total equity |  | 8,336 | 8,379
Limited Partners Common Units | MPC |  |  |
Equity |  |  |
Total MPLX LP partners’ capital |  | (1,612) | 2,099
Total equity |  | (1,612) | 2,099
Limited Partners Class B Units | Public |  |  |
Equity |  |  |
Total equity |  | 0 | 0
General Partner | MPC |  |  |
Equity |  |  |
Total MPLX LP partners’ capital |  | 0 | (637)
Total equity |  | 0 | (637)
LOOP and Explorer |  |  |
Equity |  |  |
Accumulated other comprehensive loss |  | $ (16) | $ (14)
[1] | Balance includes $386 million related to the MPC Loan Agreement as of December 31, 2017. There was no outstanding balance on the MPC Loan Agreement as of December 31, 2018.

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