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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 8,452 $ 8,625
Short-term investments 4,604 3,145
Receivables, less allowance for doubtful accounts of $43 and $29, respectively 12,469 13,477
Inventories 10,143 8,827
Other current assets 607 1,168
Total current assets 36,275 35,242
Equity method investments 6,521 6,466
Property, plant and equipment, net 34,690 35,657
Goodwill 8,244 8,244
Right of use assets 1,310 1,214
Other noncurrent assets 2,929 3,081
Total assets 89,969 89,904 Close
Liabilities    
Accounts payable 15,839 15,312
Payroll and benefits payable 979 967
Accrued taxes 1,319 1,140
Debt due within one year 819 1,066
Operating lease liabilities 453 368
Other current liabilities 2,326 1,167
Total current liabilities 21,735 20,020
Long-term debt 26,463 25,634
Deferred income taxes 5,813 5,904
Defined benefit postretirement plan obligations 971 1,114
Long-term operating lease liabilities 848 841
Deferred credits and other liabilities 1,341 1,304
Total liabilities 57,171 54,817 Close
Commitments and contingencies (see Note 23)
Redeemable noncontrolling interest 970 968 Close
Equity    
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized) 0 0
Common stock:    
Issued – 993 million and 990 million shares (par value $0.01 per share, 2 billion shares authorized) 10 10
Held in treasury, at cost – 607 million and 536 million shares (40,949) (31,841)
Additional paid-in capital 33,426 33,402
Retained earnings 33,424 26,142
Accumulated other comprehensive income (loss) (49) 2
Total MPC stockholders’ equity 25,862 27,715
Noncontrolling interests 5,966 6,404
Total equity 31,828 34,119 Close
Total liabilities, redeemable noncontrolling interest and equity $ 89,969 $ 89,904