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v3.25.1

Consolidated Statements of Equity and Series A Preferred Units (Consolidated Statements of Equity) - USD ($) $ in Millions | Total | Common Unit-holders Public | Common Unit-holder MPC | Accumulated Other Comprehensive Income (Loss) | Non-controlling Interests
--- | --- | --- | --- | --- | ---
Beginning Balance at Dec. 31, 2023 | $ 12,689 | $ 8,700 | $ 3,758 | $ (4) | $ 235
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |
Net income | 1,005 | 355 | 640 | 0 | 10
Unit repurchases | (75) | (75) | 0 | 0 | 0
Conversion of Series A preferred units | 321 | 321 | 0 | 0 | 0
Distributions | (864) | (303) | (550) | 0 |
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders |  |  |  |  | (11)
Contributions | 10 | 0 | 10 | 0 | 0
Other | 0 | (1) | 0 | 1 | 0
Ending Balance at Mar. 31, 2024 | 13,086 | 8,997 | 3,858 | (3) | 234
Beginning Balance at Dec. 31, 2024 | 13,807 | 9,322 | 4,257 | (3) | 231
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |
Net income | 1,136 | 410 | 716 | 0 | 10
Unit repurchases | (100) | (100) | 0 | 0 | 0
Conversion of Series A preferred units | 197 | 197 | 0 | 0 | 0
Distributions | (983) | (353) | (619) | 0 |
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders |  |  |  |  | (11)
Contributions | 7 | 0 | 7 | 0 | 0
Other | 4 | (4) | 0 | 8 | 0
Ending Balance at Mar. 31, 2025 | $ 14,068 | $ 9,472 | $ 4,361 | $ 5 | $ 230

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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest and excluding the portion attributable to temporary equity. + References No definition available. + Details
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