v3.19.2

Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Debt

Debt Balance, Net of Unamortized Issuance Costs (in millions)

	June 30, 2019				December 31, 2018
Total debt	$	5,263			$	5,010
Unamortized issuance costs	(40		)		(46		)
Current maturities	(503		)		(504		)
Debt, Net of Current Maturities and Unamortized Issuance Costs	$	4,720			$	4,460

Schedule of Line of Credit Facilities

Available Capacity Under Credit Facilities (in millions) (a)

	Total Capacity				Amount Borrowed as of June 30, 2019				Outstanding Letters of Credit				Available Capacity as of June 30, 2019				Weighted Average Interest Rate			Expiration
Revolving Credit Facility	$	1,100			$	1,070			$	—			$	30			3.90	%		January 29, 2021
Dropdown Credit Facility	1,000				430				—				570				3.92	%		January 29, 2021
MPC Loan Agreement	500				—				—				500				—	%		December 21, 2023
Total Credit Facilities	$	2,600			$	1,500			$	—			$	1,100

(a)

In conjunction with the MPLX Merger, on July 30, 2019, all outstanding borrowings and unpaid fees on our credit facilities were repaid and the agreements were terminated, including the MPC Loan Agreement.

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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