Investments and Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2018

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



	Ownership as of	Carrying value at
	December 31,	December 31,
(In millions, except ownership percentages)	2018	2018		2017
Explorer	25%	90		89
Illinois Extension Pipeline	35%	275		284
LOCAP	59%	27		24
LOOP	41%	226		225
MarEn Bakken	25%	498		520
Centrahoma Processing LLC	40%	160		121
MarkWest EMG Jefferson Dry Gas Gathering Company, L.L.C.	67%	236		164
MarkWest Utica EMG, L.L.C.	56%	2,039		2,139
Sherwood Midstream LLC	50%	366		236
Sherwood Midstream Holdings LLC	60%	157		165
Other		100		43
Total		$	4,174	$	4,010

Summarized financial information for MPLX’s equity method investments for the years ended December 31, 2018, 2017 and 2016 is as follows:



	December 31, 2018
(In millions)	MarkWest Utica EMG, L.L.C.			Other VIEs		Non-VIEs		Total
Revenues and other income	$	238		$	234	$	1,364	$	1,836
Costs and expenses	184			95		709		988
Income from operations	54			139		655		848
Net income	53			139		584		776
(Loss)/income from equity method investments⁽¹⁾	$	(10	)	$	74	$	176	$	240



	December 31, 2017
(In millions)	MarkWest Utica EMG, L.L.C.		Other VIEs		Non-VIEs		Total
Revenues and other income	$	187	$	86	$	954	$	1,227
Costs and expenses	97		42		520		659
Income from operations	90		44		434		568
Net income	90		43		345		478
Income from equity method investments⁽¹⁾	$	10	$	20	$	48	$	78



	December 31, 2016
(In millions)	MarkWest Utica EMG, L.L.C.		Other VIEs⁽²⁾			Non-VIEs		Total
Revenues and other income	$	216	$	18		$	148	$	382
Costs and expenses	100		111			117		328
Income/(loss) from operations	116		(93		)	31		54
Net income/(loss)	114		(93		)	31		52
Income/(loss) from equity method investments⁽¹⁾	$	8	$	(89	)	$	7	$	(74	)


(1)	“Income/(loss) from equity method investments” includes the impact of any basis differential amortization or accretion.


(2)	Includes an impairment charge of $89 million for the year ended December 31, 2016 related to MPLX’s investment in Ohio Condensate Company, L.L.C., which does not appear separately in this table.

Summarized balance sheet information for MPLX’s equity method investments as of December 31, 2018 and 2017 is as follows:


(1)	MarkWest Utica EMG, L.L.C (“MarkWest Utica EMG”), noncurrent assets include its investment in its subsidiary Ohio Gathering Company, L.L.C. (“Ohio Gathering”), which does not appear elsewhere in this table. The investment was $750 million and $790 million as of December 31, 2018 and 2017, respectively.