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Equity (Tables) | 3 Months Ended
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Mar. 31, 2026
Equity [Abstract] |
Schedule of Stockholders Equity | The changes in the number of common units during the three months ended March 31, 2026 are summarized below:
(In units) | Common Units
Balance at December 31, 2025 | 1,015,702,040 |
Unit-based compensation awards | 113,750 |
Units redeemed in unit repurchase program | (882,899) |
Balance at March 31, 2026 | 1,014,932,891 |
Class of Treasury Stock | Total unit repurchases were as follows for the respective periods:
| Three Months Ended March 31, |  |
(In millions, except per unit data) | 2026 |  | 2025 |  |  |  |
Number of common units repurchased | 1 |  |  | 2 |  |  |  |  |
Cash paid for common units repurchased(1) | $ | 50 |  |  | $ | 100 |  |  |  |  |
Average cost per unit(1) | $ | 56.63 |  |  | $ | 52.48 |  |  |  |  |
(1) Cash paid for common units repurchased and average cost per unit includes commissions paid to brokers during the period.
Dividends Declared |
| Three Months Ended March 31, |  |
(In millions, except per unit data) | 2026 |  | 2025 |  |  |  |
Distribution declared: |  |  |  |  |  |  |
Limited partner units - public | $ | 395 |  |  | $ | 357 |  |  |  |  |
Limited partner units - MPC | 697 |  |  | 619 |  |  |  |  |
Total distribution declared | $ | 1,092 |  |  | $ | 976 |  |  |  |  |
Quarterly cash distributions declared per limited partner common unit | $ | 1.0765 |  |  | $ | 0.9565 |  |  |  |  |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
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