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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 7,345 $ 8,625
Short-term investments 4,109 3,145
Receivables, less allowance for doubtful accounts of $54 and $29, respectively 10,274 13,477
Inventories 9,536 8,827
Other current assets 949 1,168
Total current assets 32,213 35,242
Equity method investments 6,665 6,466
Property, plant and equipment, net 35,059 35,657
Goodwill 8,244 8,244
Right of use assets 1,288 1,214
Other noncurrent assets 2,973 3,081
Total assets 86,442 89,904 Close
Liabilities    
Accounts payable 13,052 15,312
Payroll and benefits payable 712 967
Accrued taxes 1,160 1,140
Debt due within one year 72 1,066
Operating lease liabilities 423 368
Other current liabilities 2,047 1,167
Total current liabilities 17,466 20,020
Long-term debt 27,211 25,634
Deferred income taxes 5,913 5,904
Defined benefit postretirement plan obligations 1,181 1,114
Long-term operating lease liabilities 859 841
Deferred credits and other liabilities 1,244 1,304
Total liabilities 53,874 54,817 Close
Commitments and contingencies (see Note 23)
Redeemable noncontrolling interest 968 968 Close
Equity    
Preferred stock, no shares issued and outstanding (par value $0.00 per share, 30 million shares authorized) 0 0
Common stock:    
Issued – 992 million and 990 million shares (par value $0.01 per share, 2 billion shares authorized) 10 10
Held in treasury, at cost – 587 million and 536 million shares (38,119) (31,841)
Additional paid-in capital 33,411 33,402
Retained earnings 30,442 26,142
Accumulated other comprehensive income (loss) (30) 2
Total MPC stockholders’ equity 25,714 27,715
Noncontrolling interests 5,886 6,404
Total equity 31,600 34,119 Close
Total liabilities, redeemable noncontrolling interest and equity $ 86,442 $ 89,904