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v3.26.1

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 | Non-controlling Interests
--- | --- | --- | --- | --- | ---
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
Beginning Balance at Dec. 31, 2025 | 14,528 | 9,451 | 4,845 | 5 | 227
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |
Net income | 922 | 330 | 582 | 0 | 10
Unit repurchases | (50) | (50) | 0 | 0 | 0
Distributions | (1,104) | (396) | (697) | 0 |
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders |  |  |  |  | (11)
Contributions | 4 | 0 | 4 | 0 | 0
Other | (3) | (3) | 0 | 0 | 0
Ending Balance at Mar. 31, 2026 | $ 14,297 | $ 9,332 | $ 4,734 | $ 5 | $ 226

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