v3.24.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 2,426 $ 1,048
Receivables, net 742 823
Inventories 171 159
Other current assets 37 30
Total current assets 4,218 2,808
Equity method investments 4,558 3,743
Property, plant and equipment, net 19,153 19,264
Intangibles, net 551 654
Goodwill 7,645 7,645
Right of use assets, net 271 264
Other noncurrent assets 984 990
Total assets 38,515 36,529
Liabilities    
Accounts payable 120 153
Accrued liabilities 271 300
Accrued property, plant and equipment 190 216
Long-term debt due within one year 2,836 1,135
Accrued interest payable 220 242
Operating lease liabilities 49 45
Total current liabilities 4,267 2,624
Long-term deferred revenue 326 347
Long-term debt 19,250 19,296
Deferred income taxes 16 16
Long-term operating lease liabilities 217 211
Total liabilities 24,533 22,945
Commitments and contingencies (see Note 16)
Series A Preferred Units 203 895
Equity    
Accumulated other comprehensive loss (3) (4)
Total MPLX LP partners’ capital 13,547 12,454
Noncontrolling interests 232 235
Total equity 13,779 12,689
Total liabilities, preferred units and equity 38,515 36,529
Related Party [Member]    
Assets    
Receivables, net 625 587
Current assets - related parties 842 748
Other current assets 0 7
Right of use assets, net 226 227
Noncurrent assets - related parties 1,135 1,161
Liabilities    
Operating lease liabilities 1 1
Other current liabilities 354 360
Long-term deferred revenue 95 99
Long-term liabilities - related parties 320 325
Equity    
Limited Partners' Capital Account 4,172 3,758
Nonrelated Party [Member]    
Liabilities    
Other current liabilities 227 173
Long-term deferred revenue 322 344
Long-term liabilities - related parties 137 126
Equity    
Limited Partners' Capital Account $ 9,378 $ 8,700