Marathon petroleum corporation (MPC)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current assets:
Cash and Cash Equivalents, at Carrying Value

1,690

1,527

1,525

1,247

877

1,687

4,992

4,999

4,653

3,011

2,088

1,450

2,167

887

709

1,754

308

1,127

2,044

1,881

2,078

1,494

1,854

2,125

2,166

2,292

2,018

3,069

4,737

4,860

3,387

1,895

2,205

3,079

2,957

1,622

118

Related party debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,404

Receivables, less allowance for doubtful accounts of $18 and $17, respectively

5,583

7,479

7,461

7,603

6,893

5,853

5,408

4,919

4,613

4,695

3,900

3,259

3,284

3,617

3,136

3,199

2,602

2,927

3,124

3,876

3,364

4,058

5,271

5,725

5,420

5,559

5,593

6,163

5,509

4,610

5,101

4,708

5,867

5,461

4,913

5,041

4,393

Receivables from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

5

Inventories

7,445

10,243

9,696

9,088

9,833

9,837

5,339

5,485

5,111

5,550

5,493

5,548

5,392

5,656

5,524

5,209

4,983

5,225

5,556

5,540

5,437

5,642

5,608

5,621

5,689

4,689

5,714

4,830

4,879

3,449

3,889

4,030

3,352

3,320

3,615

3,679

3,071

Other current assets

975

921

457

458

548

646

134

145

148

145

150

186

199

241

176

142

204

192

137

134

174

145

154

125

173

197

206

190

172

110

139

73

156

141

183

170

65

Total current assets

15,693

20,170

19,139

18,396

18,151

18,023

15,873

15,548

14,525

13,401

11,631

10,443

11,042

10,401

9,545

10,304

8,097

9,471

10,861

11,431

11,053

11,339

12,887

13,596

13,448

12,737

13,531

14,252

15,297

13,029

12,516

10,706

11,580

12,001

11,669

10,513

10,056

Equity method investments

5,656

6,898

6,725

6,729

6,558

5,898

4,910

4,838

4,817

4,787

4,769

4,823

4,704

3,827

3,554

3,793

3,807

3,622

1,073

994

902

865

862

690

602

463

417

328

327

321

300

302

302

302

321

323

312

Property, plant and equipment, net

45,333

45,615

45,034

45,335

45,091

45,058

27,717

26,931

26,618

26,443

26,036

25,786

25,669

25,765

25,697

25,512

25,319

25,164

16,294

16,283

16,241

16,261

15,999

13,850

13,854

13,921

13,795

13,799

13,850

12,643

12,532

12,414

12,246

12,228

12,026

11,935

11,724

Goodwill

12,710

20,040

21,277

20,277

20,229

20,184

3,713

3,586

3,586

3,586

3,586

3,586

3,586

3,587

3,648

3,648

3,649

4,019

1,565

1,566

1,566

1,566

1,537

937

938

938

938

938

930

930

930

925

842

842

842

842

837

Right of use assets

2,562

2,459

2,522

2,588

2,680

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent assets

4,363

3,374

3,442

3,571

3,727

3,777

818

833

818

830

784

809

820

833

849

876

886

839

368

379

420

394

420

303

317

326

322

378

369

300

305

334

336

372

367

351

303

Total assets

86,317

98,556

98,139

96,896

96,436

92,940

53,031

51,736

50,364

49,047

46,806

45,447

45,821

44,413

43,293

44,133

41,758

43,115

30,161

30,653

30,182

30,425

31,705

29,376

29,159

28,385

29,003

29,695

30,773

27,223

26,583

24,681

25,306

25,745

25,225

23,964

23,232

Liabilities
Current liabilities:
Accounts payable

8,106

11,623

11,380

10,905

10,568

9,366

8,016

8,113

7,066

8,297

6,159

5,307

5,343

5,593

5,055

5,214

4,083

4,743

4,993

6,225

5,387

6,661

8,726

8,934

9,313

8,234

8,961

8,601

8,872

6,785

6,951

6,155

7,803

8,189

6,974

7,313

6,453

Payables to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

16

341

Payroll and benefits payable

1,107

1,126

939

778

958

1,152

493

432

337

591

459

395

528

530

439

366

302

503

417

369

474

427

345

286

259

406

341

284

316

364

287

225

261

312

267

222

266

Consumer excise taxes payable (MPLX: $3 and $3, respectively)

-

-

-

-

-

-

-

-

-

-

371

474

482

464

329

480

459

460

342

469

455

463

365

381

371

373

277

406

401

325

264

361

337

337

235

303

286

Accrued taxes

1,098

1,186

1,015

1,223

1,529

1,446

657

713

639

670

361

177

135

153

163

336

145

184

845

517

933

647

586

909

614

513

609

612

965

598

709

604

582

558

983

-

524

Debt due within one year

1,710

711

557

554

550

544

26

26

26

624

29

29

28

28

28

27

215

29

780

780

776

27

26

26

24

23

23

23

22

19

20

19

17

15

14

12

11

Operating lease liabilities

630

604

586

615

613

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

436

-

Long-term debt payable within one year to Marathon Oil and subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

655

Other current liabilities

918

897

862

815

929

708

442

431

304

296

268

376

350

378

326

359

391

426

309

365

321

354

324

519

265

275

190

315

152

112

77

204

201

180

125

247

84

Total current liabilities

13,569

16,147

15,339

14,890

15,147

13,216

9,634

9,715

8,372

10,478

7,647

6,758

6,866

7,146

6,340

6,782

5,595

6,345

7,686

8,725

8,346

8,579

10,372

11,055

10,846

9,824

10,401

10,241

10,728

8,203

8,308

7,568

9,201

9,591

8,612

8,549

8,620

Long-term Debt and Lease Obligation

29,899

28,127

28,282

27,853

27,565

26,980

18,423

17,241

17,232

12,322

12,753

12,577

12,570

10,544

10,538

11,032

11,351

11,896

5,912

5,918

5,967

6,575

6,238

3,612

3,635

3,373

3,380

3,387

3,394

3,342

3,329

3,316

3,304

3,292

3,285

3,262

268

Deferred income taxes

5,772

6,392

6,180

5,235

5,011

4,864

3,206

3,144

3,120

2,654

3,935

3,923

3,888

3,861

3,682

3,520

3,356

3,285

1,942

2,011

2,019

2,014

2,165

2,170

2,290

2,304

2,228

2,187

2,094

2,050

1,954

1,823

1,509

1,310

1,473

1,383

1,367

Long-term debt payable to Marathon Oil and subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,963

Defined benefit postretirement plan obligations

1,703

1,643

1,487

1,610

1,567

1,509

1,045

1,156

1,126

1,099

1,029

998

1,085

1,055

1,174

1,242

1,216

1,179

1,139

1,143

1,123

1,099

937

906

855

771

895

929

1,214

1,266

1,270

1,348

1,809

1,783

1,522

1,489

1,493

Long-term operating lease liabilities

1,949

1,875

1,962

2,068

2,153

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred credits and other liabilities

1,229

1,265

1,265

1,174

1,131

1,318

689

659

651

666

640

627

615

604

602

629

746

735

557

566

747

768

727

596

775

781

835

754

931

257

255

300

267

264

284

304

277

Total liabilities

54,121

55,449

54,515

52,830

52,574

47,887

32,997

31,915

30,501

27,219

26,004

24,883

25,024

23,210

22,336

23,205

22,264

23,440

17,236

18,363

18,202

19,035

20,439

18,339

18,401

17,053

17,739

17,498

18,361

15,118

15,116

14,355

16,090

16,240

15,176

14,987

14,988

Commitments and contingencies (see Note 22)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Redeemable Noncontrolling Interest, Equity, Carrying Amount

968

968

968

1,005

1,004

1,004

1,003

1,003

1,000

1,000

1,000

1,000

1,000

1,000

1,000

993

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity [Abstract]
MPC stockholders’ equity:
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

Common stock:
Issued – 979 million and 978 million shares (par value $0.01 per share, 2 billion shares authorized)

10

10

10

10

10

10

7

7

7

7

7

7

7

7

7

7

7

7

7

7

4

7

4

4

4

4

4

4

4

4

4

4

4

4

4

4

-

Held in treasury, at cost – 329 million and 329 million shares

15,145

15,143

15,076

14,573

14,063

13,175

12,495

12,093

11,200

9,869

9,118

8,664

7,905

7,482

7,459

7,407

7,353

7,275

7,083

6,926

6,512

6,299

5,616

5,313

4,849

4,155

3,703

2,672

1,787

1,253

852

743

743

-

-

-

-

Additional paid-in capital

33,169

33,157

33,125

33,785

33,764

33,729

13,703

13,688

13,669

11,262

11,236

11,185

11,159

11,060

11,005

10,996

10,982

11,071

9,929

9,912

9,890

9,841

9,833

9,822

9,803

9,768

9,748

9,737

9,676

9,527

9,563

9,426

9,410

9,482

9,584

9,569

-

Retained earnings

6,380

15,990

15,891

15,146

14,391

14,755

14,119

13,589

12,745

12,864

11,044

10,344

10,046

10,206

10,169

10,215

9,584

9,752

9,736

8,959

8,269

7,515

6,856

6,325

5,591

5,507

5,007

4,969

4,489

3,880

3,241

2,136

1,407

898

1,062

0

-

Net investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,867

Accumulated other comprehensive loss

-326

-320

-212

-161

-151

-144

-168

-233

-233

-231

-239

-236

-237

-234

-327

-321

-318

-318

-312

-309

-313

-313

-228

-218

-205

-204

-205

-254

-382

-464

-489

-497

-862

-879

-601

-596

-623

Total MPC stockholders’ equity

24,088

33,694

33,738

34,207

33,951

35,175

15,166

14,958

14,988

14,033

12,930

12,636

13,070

13,557

13,395

13,490

12,902

13,237

12,277

11,643

11,338

10,751

10,849

10,620

10,344

10,920

10,851

11,784

12,000

11,694

11,467

10,326

9,216

9,505

10,049

8,977

8,244

Noncontrolling interests

7,140

8,445

8,918

8,854

8,907

8,874

3,865

3,860

3,875

6,795

6,872

6,928

6,727

6,646

6,562

6,445

6,592

6,438

648

647

642

639

417

417

414

412

413

413

412

411

-

-

-

-

-

-

-

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

31,228

42,139

42,656

43,061

42,858

44,049

19,031

18,818

18,863

20,828

19,802

19,564

19,797

20,203

19,957

19,935

19,494

19,675

12,925

12,290

11,980

11,390

11,266

11,037

10,758

11,332

11,264

12,197

12,412

12,105

-

-

-

9,505

-

-

-

Total liabilities, redeemable noncontrolling interest and equity

86,317

98,556

98,139

96,896

96,436

92,940

53,031

51,736

50,364

49,047

46,806

45,447

45,821

44,413

43,293

44,133

41,758

43,115

30,161

30,653

30,182

30,425

31,705

29,376

29,159

28,385

29,003

29,695

30,773

27,223

26,583

24,681

25,306

25,745

25,225

23,964

23,232