v3.24.3
Consolidated Statements of Equity and Series A Preferred Units (Consolidated Statements of Equity) - USD ($)
$ in Millions
Total
Common Unit-holders Public
Common Unit-holder MPC
Series B Preferred Unit-holders
Accumulated Other Comprehensive Loss
Non-controlling Interests
Beginning Balance at Dec. 31, 2022 $ 12,546 $ 8,413 $ 3,293 $ 611 $ (8) $ 237
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 929 323 592 5 0 9
Redemption of Series B preferred units (600) (2) (3) (595) 0 0
Distributions (808) (275) (502) (21) 0  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders           (10)
Contributions 8 0 8 0 0 0
Other 5 0 0 0 4 1
Ending Balance at Mar. 31, 2023 12,080 8,459 3,388 0 (4) 237
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 919 322 588 0 0 9
Distributions (785) (274) (502) 0 0  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders           (9)
Contributions 5 0 5 0 0 0
Other 2 1 1 0 0 0
Ending Balance at Jun. 30, 2023 12,221 8,508 3,480 0 (4) 237
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 903 297 596 0 0 10
Distributions (787) (274) (502) 0 0  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders           (11)
Contributions 7 0 7 0 0 0
Other 2 2 0 0 0 0
Ending Balance at Sep. 30, 2023 12,346 8,533 3,581 $ 0 (4) 236
Beginning Balance at Dec. 31, 2023 12,689 8,700 3,758   (4) 235
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 1,005 355 640   0 10
Unit repurchases (75) (75) 0   0 0
Conversion of Series A preferred units 321 321 0   0 0
Distributions (864) (303) (550)   0  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders           (11)
Contributions 10 0 10   0 0
Other 0 (1) 0   1 0
Ending Balance at Mar. 31, 2024 13,086 8,997 3,858   (3) 234
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 1,181 425 746   0 10
Unit repurchases (75) (75) 0   0 0
Conversion of Series A preferred units 354 354 0   0 0
Distributions (875) (314) (550)   0  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders           (11)
Contributions 8 0 8   0 0
Other 5 5 0   0 0
Ending Balance at Jun. 30, 2024 13,684 9,392 4,062   (3) 233
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 1,041 377 654   0 10
Unit repurchases (76) (76) 0   0 0
Distributions (879) (317) (551)   0  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders           (11)
Contributions 7 0 7   0 0
Other 2 2 0   0 0
Ending Balance at Sep. 30, 2024 $ 13,779 $ 9,378 $ 4,172   $ (3) $ 232