7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 
      
    		                                                         
      operating activities:
    		                                                         
      net income
    		1,943,000,000 1,610,000,000 346,000,000 785,000,000 1,015,000,000 1,955,000,000 1,312,000,000 1,877,000,000 3,631,000,000 2,580,000,000 3,084,000,000 3,641,000,000 5,020,000,000 6,217,000,000 1,172,000,000 1,105,000,000 1,030,000,000 8,802,000,000 64,000,000 574,000,000 -609,000,000 276,000,000 -10,218,000,000 262,000,000 1,367,000,000 1,367,000,000 259,000,000 1,195,000,000 941,000,000 1,235,000,000 235,000,000 2,125,000,000 1,004,000,000 574,000,000 101,000,000 289,000,000 219,000,000 783,000,000 -78,000,000 168,000,000 958,000,000 839,000,000 903,000,000 805,000,000 679,000,000 864,000,000 207,000,000 631,000,000 173,000,000 599,000,000 730,000,000 759,000,000 1,224,000,000 814,000,000 596,000,000 -75,000,000 1,133,000,000 
      adjustments to reconcile net income to net cash from operating activities
    		                                                         
      amortization of deferred financing costs and debt discount
    		9,000,000 9,000,000 12,000,000 13,000,000 -5,000,000 -15,000,000 -24,000,000 -27,000,000 -24,000,000 -17,000,000 -10,000,000 5,000,000 12,000,000 14,000,000 19,000,000 20,000,000 18,000,000 19,000,000 22,000,000 20,000,000 19,000,000 16,000,000 14,000,000 14,000,000 10,000,000   19,000,000 16,000,000 17,000,000 18,000,000 18,000,000 16,000,000 15,000,000 15,000,000 14,000,000 18,000,000                     
      depreciation and amortization
    		841,000,000 789,000,000 793,000,000 826,000,000 846,000,000 838,000,000 827,000,000 828,000,000 845,000,000 834,000,000 800,000,000 797,000,000 794,000,000 819,000,000 805,000,000 813,000,000 836,000,000 871,000,000 844,000,000 849,000,000 629,000,000 935,000,000 962,000,000 978,000,000 855,000,000 886,000,000 919,000,000 874,000,000 555,000,000 533,000,000 528,000,000 540,000,000 517,000,000 521,000,000 536,000,000 504,000,000 507,000,000 500,000,000 490,000,000 413,000,000 508,000,000 362,000,000 363,000,000 359,000,000 322,000,000 325,000,000 320,000,000 332,000,000 299,000,000 302,000,000 287,000,000 283,000,000 246,000,000 236,000,000 230,000,000 230,000,000 227,000,000 
      pension and other postretirement benefits
    		-103,000,000 52,000,000 15,000,000 41,000,000 -48,000,000 33,000,000 33,000,000 19,000,000 -235,000,000 11,000,000 14,000,000 37,000,000 18,000,000 82,000,000 35,000,000 36,000,000 -501,000,000 124,000,000 -158,000,000 48,000,000 69,000,000 48,000,000 55,000,000 46,000,000 -196,000,000 34,000,000 52,000,000 52,000,000 -27,000,000 33,000,000 32,000,000 79,000,000 27,000,000 -86,000,000 27,000,000 30,000,000 -77,000,000 26,000,000 30,000,000 29,000,000 -6,000,000 31,000,000 26,000,000 28,000,000 14,000,000 27,000,000 82,000,000 -127,000,000 45,000,000 -70,000,000 28,000,000 34,000,000 -64,000,000 131,000,000 52,000,000 -176,000,000 24,000,000 
      deferred income taxes
    		309,000,000 -30,000,000 -28,000,000 8,000,000 -37,000,000 -60,000,000 -35,000,000 36,000,000 -86,000,000 27,000,000 -5,000,000 252,000,000 130,000,000 -40,000,000 -52,000,000 6,000,000 -126,000,000 -73,000,000 24,000,000 522,000,000 -298,000,000 160,000,000 -625,000,000 251,000,000 412,000,000 233,000,000 127,000,000 5,000,000 40,000,000 21,000,000 -19,000,000 -1,290,000,000 34,000,000 28,000,000 -5,000,000 59,000,000 160,000,000 177,000,000 -2,000,000 140,000,000 6,000,000 -10,000,000 -2,000,000 -116,000,000 -35,000,000 -77,000,000 -14,000,000 1,000,000 -12,000,000 28,000,000 6,000,000 67,000,000 97,000,000 136,000,000 192,000,000 -6,000,000 95,000,000 
      net gain on disposal of assets
    		2,000,000   -11,000,000 2,000,000 1,000,000 -20,000,000 -91,000,000 -110,000,000   11,000,000 -1,051,000,000   -18,000,000 0 0 -3,000,000 -64,000,000 0 -2,000,000 -4,000,000 -85,000,000 -4,000,000 -4,000,000 -214,000,000 -17,000,000 -1,000,000 -3,000,000 -2,000,000 2,000,000 0 -7,000,000 -5,000,000 -6,000,000 -1,000,000 0 -25,000,000 -1,000,000 -2,000,000 1,000,000 -5,000,000 -7,000,000 -2,000,000 -11,000,000 -1,000,000 -3,000,000 -1,000,000 -1,000,000 -1,000,000 1,000,000 -175,000,000 -1,000,000 -2,000,000 -2,000,000 -5,000,000 
      income from equity method investments
    		-976,000,000 -212,000,000 -230,000,000 -252,000,000 -219,000,000 -373,000,000 -204,000,000 -195,000,000 -215,000,000 -199,000,000 -133,000,000  -180,000,000 -147,000,000 -142,000,000         -64,000,000 -124,000,000 -107,000,000 -99,000,000  -96,000,000 -80,000,000 -86,000,000   -83,000,000 -57,000,000                       
      distributions from equity method investments
    		302,000,000 328,000,000 227,000,000 333,000,000 328,000,000 292,000,000 262,000,000 255,000,000 257,000,000 246,000,000 183,000,000 228,000,000 208,000,000 176,000,000 160,000,000 186,000,000 163,000,000 161,000,000 142,000,000 149,000,000 98,000,000 155,000,000 175,000,000 189,000,000 163,000,000 162,000,000 148,000,000 174,000,000 128,000,000 128,000,000 89,000,000 136,000,000 115,000,000 76,000,000 61,000,000                       
      changes in the fair value of derivative instruments
    		9,000,000 -38,000,000 -16,000,000 24,000,000 37,000,000 -27,000,000 37,000,000 30,000,000 -48,000,000 -7,000,000 95,000,000 1,000,000 21,000,000 -98,000,000 -71,000,000    -43,000,000 8,000,000 14,000,000 70,000,000 -47,000,000 26,000,000 -7,000,000 -56,000,000 29,000,000 -75,000,000 12,000,000 15,000,000 -14,000,000 15,000,000 42,000,000 31,000,000 28,000,000 -47,000,000 -23,000,000 47,000,000 -18,000,000 -5,000,000 -9,000,000 30,000,000 -12,000,000 32,000,000 -33,000,000 23,000,000 -25,000,000 33,000,000 3,000,000 0 -57,000,000 51,000,000 -98,000,000 97,000,000 9,000,000 52,000,000 -17,000,000 
      changes in:
    		                                                         
      current receivables
    		645,000,000 989,000,000 -928,000,000 -944,000,000 2,143,000,000 882,000,000 -964,000,000 896,000,000 -2,162,000,000 -112,000,000 3,350,000,000 56,000,000 3,911,000,000 -1,655,000,000 -4,627,000,000 -1,534,000,000 182,000,000 -2,224,000,000 -1,723,000,000 -863,000,000 -789,000,000 1,218,000,000 1,899,000,000 -409,000,000 135,000,000 -713,000,000 -1,037,000,000 2,298,000,000 -484,000,000 -321,000,000 96,000,000 -797,000,000 -640,000,000 11,000,000 333,000,000 -465,000,000 67,000,000 -601,000,000 325,000,000 361,000,000 752,000,000 -512,000,000 691,000,000 1,218,000,000 585,000,000 -300,000,000 139,000,000 34,000,000 565,000,000 -655,000,000 -884,000,000 491,000,000 -393,000,000 1,159,000,000 -406,000,000 -545,000,000 127,000,000 
      inventories
    		253,000,000 382,000,000 -920,000,000 318,000,000 -107,000,000 -19,000,000 -462,000,000 824,000,000 -605,000,000 733,000,000 -1,441,000,000 1,008,000,000 1,184,000,000 -1,556,000,000 -1,423,000,000 1,173,000,000 -326,000,000 -472,000,000 -408,000,000 585,000,000 748,000,000 839,000,000 -422,000,000 -548,000,000 -558,000,000 744,000,000 -4,000,000 716,000,000 149,000,000 -374,000,000 440,000,000 -57,000,000 56,000,000 -157,000,000 264,000,000 -141,000,000 -315,000,000 160,000,000 226,000,000 -6,000,000 -16,000,000 -103,000,000 205,000,000 -55,000,000 192,000,000 77,000,000 -1,000,000,000 1,025,000,000 -875,000,000 62,000,000 -517,000,000 440,000,000 142,000,000 -665,000,000 -32,000,000 294,000,000 64,000,000 
      current liabilities and other current assets
    		-689,000,000 -1,303,000,000 788,000,000 1,108,000,000 -2,250,000,000 -295,000,000 999,000,000                                                   
      right of use assets and operating lease liabilities
    		4,000,000 4,000,000 2,000,000 -9,000,000 -2,000,000 0 1,000,000 -4,000,000 -2,000,000 1,000,000 -2,000,000  -1,000,000 0 2,000,000 -2,000,000 1,000,000 -1,000,000 5,000,000 -17,000,000 -4,000,000 6,000,000 -4,000,000 -6,000,000 11,000,000                                 
      all other
    		 65,000,000 -125,000,000 -33,000,000 -19,000,000 30,000,000 -230,000,000 -125,000,000 -127,000,000 93,000,000 -253,000,000 68,000,000 -338,000,000 -190,000,000 -87,000,000 34,000,000 -108,000,000 -28,000,000 -51,000,000 146,000,000 103,000,000 -41,000,000 -17,000,000 -2,000,000 78,000,000 243,000,000 -39,000,000 79,000,000 34,000,000 -42,000,000 1,000,000 -103,000,000 -48,000,000 -81,000,000 30,000,000 -35,000,000 -41,000,000 -37,000,000 17,000,000 15,000,000 0 -4,000,000 -42,000,000 -67,000,000 27,000,000 17,000,000 41,000,000 7,000,000 -22,000,000 2,000,000 -8,000,000 -18,000,000 -13,000,000 50,000,000 34,000,000 1,000,000 12,000,000 
      net cash from operating activities
    		2,609,000,000 2,639,000,000 -64,000,000 2,207,000,000 1,684,000,000 3,242,000,000 1,532,000,000 1,123,000,000 4,953,000,000 3,984,000,000 4,057,000,000 4,382,000,000 2,514,000,000 6,952,000,000 2,513,000,000 3,674,000,000 -1,148,000,000 1,380,000,000 454,000,000 1,328,000,000 1,321,000,000 538,000,000 -768,000,000 2,409,000,000 2,787,000,000 2,622,000,000 1,623,000,000 2,727,000,000 1,182,000,000 2,386,000,000 -137,000,000 2,746,000,000 1,901,000,000 849,000,000 1,113,000,000 991,000,000 405,000,000 2,263,000,000 327,000,000 808,000,000 1,069,000,000 994,000,000 1,190,000,000 388,000,000 1,078,000,000 878,000,000 766,000,000 1,355,000,000 407,000,000 -436,000,000 2,079,000,000 2,043,000,000 1,833,000,000 269,000,000 347,000,000 638,000,000 1,719,000,000 
      capex
    		-947,000,000 -695,000,000 -663,000,000 -810,000,000 -651,000,000 -487,000,000 -585,000,000 -532,000,000 -420,000,000 -481,000,000 -457,000,000 -726,000,000 -701,000,000 -498,000,000 -495,000,000 -481,000,000 -377,000,000 -302,000,000 -304,000,000 -457,000,000 -420,000,000 -848,000,000 -1,062,000,000 -1,551,000,000 -1,404,000,000 -1,178,000,000 -1,241,000,000 -1,263,000,000 -849,000,000 -711,000,000 -755,000,000 -804,000,000 -663,000,000 -655,000,000 -610,000,000 -745,000,000 -716,000,000 -686,000,000 -745,000,000 -721,000,000 -513,000,000 -375,000,000 -389,000,000 -528,000,000 -383,000,000 -302,000,000 -267,000,000 -473,000,000 -309,000,000 -229,000,000 -195,000,000 -403,000,000 -331,000,000 -326,000,000 -309,000,000 -341,000,000 -327,000,000 
      free cash flows
    		1,662,000,000 1,944,000,000 -727,000,000 1,397,000,000 1,033,000,000 2,755,000,000 947,000,000 591,000,000 4,533,000,000 3,503,000,000 3,600,000,000 3,656,000,000 1,813,000,000 6,454,000,000 2,018,000,000 3,193,000,000 -1,525,000,000 1,078,000,000 150,000,000 871,000,000 901,000,000 -310,000,000 -1,830,000,000 858,000,000 1,383,000,000 1,444,000,000 382,000,000 1,464,000,000 333,000,000 1,675,000,000 -892,000,000 1,942,000,000 1,238,000,000 194,000,000 503,000,000 246,000,000 -311,000,000 1,577,000,000 -418,000,000 87,000,000 556,000,000 619,000,000 801,000,000 -140,000,000 695,000,000 576,000,000 499,000,000 882,000,000 98,000,000 -665,000,000 1,884,000,000 1,640,000,000 1,502,000,000 -57,000,000 38,000,000 297,000,000 1,392,000,000 
      investing activities:
    		                                                         
      additions to property, plant and equipment
    		-947,000,000 -695,000,000 -663,000,000 -810,000,000 -651,000,000 -487,000,000 -585,000,000 -532,000,000 -420,000,000 -481,000,000 -457,000,000 -726,000,000 -701,000,000 -498,000,000 -495,000,000 -481,000,000 -377,000,000 -302,000,000 -304,000,000 -457,000,000 -420,000,000 -848,000,000 -1,062,000,000 -1,551,000,000 -1,404,000,000 -1,178,000,000 -1,241,000,000 -1,263,000,000 -849,000,000 -711,000,000 -755,000,000 -804,000,000 -663,000,000 -655,000,000 -610,000,000 -745,000,000 -716,000,000 -686,000,000 -745,000,000 -721,000,000 -513,000,000 -375,000,000 -389,000,000 -528,000,000 -383,000,000 -302,000,000 -267,000,000 -473,000,000 -309,000,000 -229,000,000 -195,000,000 -403,000,000 -331,000,000 -326,000,000 -309,000,000 -341,000,000 -327,000,000 
      acquisitions, net of cash acquired
    		-3,079,000,000 0 -237,000,000 -66,000,000 0 0 -622,000,000     -339,000,000 0           0 -135,000,000 5,000,000 1,000,000 -3,369,000,000    0            10,000,000              
      disposal of assets
    		2,000,000 17,000,000 1,000,000 31,000,000 2,000,000 1,000,000 1,000,000 3,000,000 9,000,000 21,000,000 3,000,000 11,000,000 7,000,000 65,000,000 7,000,000 55,000,000 17,000,000 5,000,000 76,000,000 77,000,000 -6,000,000 23,000,000 56,000,000 83,000,000 11,000,000 9,000,000 24,000,000 35,000,000 5,000,000 7,000,000 7,000,000 15,000,000 27,000,000 35,000,000 2,000,000 13,000,000 9,000,000 2,000,000 77,000,000 7,000,000 2,000,000 1,000,000 11,000,000 8,000,000 2,000,000 15,000,000 2,000,000 4,000,000 3,000,000 6,000,000 3,000,000 1,000,000 46,000,000 4,000,000 2,000,000 3,000,000 8,000,000 
      investments – acquisitions and contributions
    		-333,000,000 -356,000,000 -132,000,000 -59,000,000 -271,000,000 -54,000,000 -125,000,000 -118,000,000 -66,000,000 -89,000,000 -207,000,000 -190,000,000 -55,000,000 -48,000,000 -112,000,000 -60,000,000 -37,000,000 -62,000,000 -51,000,000                                       
      investments – redemptions, repayments, return of capital and sales proceeds
    		511,000,000                                                         
      purchases of short-term investments
    		   0 -20,000,000 -1,268,000,000 -1,661,000,000 -1,485,000,000 -2,414,000,000 -2,611,000,000 -2,112,000,000 -2,288,000,000 -1,154,000,000 -2,217,000,000 -364,000,000 -3,041,000,000 -4,040,000,000                                         
      sales of short-term investments
    		   1,000,000,000 2,100,000,000 2,000,000 193,000,000 208,000,000 291,000,000 952,000,000 631,000,000 156,000,000 65,000,000 61,000,000 1,014,000,000 1,089,000,000                                          
      maturities of short-term investments
    		   142,000,000 861,000,000 1,638,000,000 1,885,000,000 1,147,000,000 1,670,000,000 1,069,000,000 1,162,000,000 2,763,000,000 1,585,000,000 1,368,000,000 1,443,000,000 3,754,000,000                                          
      net cash from investing activities
    		-3,756,000,000 -974,000,000 -923,000,000 307,000,000 2,034,000,000 17,000,000 -824,000,000 -964,000,000 -435,000,000 -880,000,000 -816,000,000 -498,000,000 501,000,000 -1,088,000,000 1,708,000,000 1,448,000,000 -2,054,000,000 15,670,000,000 -267,000,000 -433,000,000 -747,000,000 -989,000,000 -1,088,000,000 -1,686,000,000 -1,695,000,000 -1,360,000,000 -1,520,000,000 -4,775,000,000 -1,377,000,000 -740,000,000 -778,000,000 -779,000,000 -603,000,000 -656,000,000 -1,356,000,000 -724,000,000 -721,000,000 -769,000,000 -727,000,000 -2,013,000,000 -572,000,000 -468,000,000 -388,000,000 -519,000,000 -3,343,000,000 -321,000,000 -360,000,000 -505,000,000 -333,000,000 -236,000,000 -1,682,000,000 -419,000,000 -235,000,000 -487,000,000 -311,000,000 -340,000,000 -309,000,000 
      financing activities:
    		                                                         
      commercial paper – issued
    		0               0 0 1,365,000,000 6,049,000,000             0 0 0 300,000,000 200,000,000 300,000,000 499,000,000 264,000,000                   
      commercial paper – repayments
    		-210,000,000                                                         
      long-term debt – borrowings
    		5,234,000,000 1,560,000,000 4,372,000,000 0 1,000,000   0 0 0 1,589,000,000 0 994,000,000 0 2,385,000,000 1,175,000,000 200,000,000 3,990,000,000 6,785,000,000 3,870,000,000 3,540,000,000 5,422,000,000 4,250,000,000 500,000,000 5,810,000,000 5,360,000,000 2,604,000,000 2,741,000,000 1,125,000,000 0 9,610,000,000 250,000,000 420,000,000 0 2,241,000,000 150,000,000 0 128,000,000 586,000,000 2,465,000,000 0 0 528,000,000 890,000,000 2,633,000,000 0 270,000,000         0 0 
      long-term debt – repayments
    		-1,463,000,000                                                         
      debt issuance costs
    		-42,000,000 -2,000,000 -36,000,000 0 -1,000,000   0 0 0 -15,000,000 0 -23,000,000 0 -16,000,000     -2,000,000 -24,000,000   0    -33,000,000 0 0 -53,000,000 -5,000,000 -7,000,000 0 -21,000,000 0 -10,000,000 0 -1,000,000 -17,000,000 0 0 -4,000,000 -3,000,000    -2,000,000 0 0 -2,000,000 0    0 -2,000,000 
      issuance of common stock
    		1,000,000 0 23,000,000 6,000,000 0 8,000,000 11,000,000 2,000,000 33,000,000 10,000,000 17,000,000 59,000,000 17,000,000 71,000,000 96,000,000 35,000,000 18,000,000 30,000,000 23,000,000 5,000,000 0 2,000,000 4,000,000 4,000,000 3,000,000 1,000,000 2,000,000 0 3,000,000 9,000,000 12,000,000 19,000,000 7,000,000 10,000,000 10,000,000 3,000,000 6,000,000 1,000,000 1,000,000 4,000,000 3,000,000 5,000,000 21,000,000 5,000,000 4,000,000 4,000,000 13,000,000 11,000,000 3,000,000 6,000,000 28,000,000 54,000,000 22,000,000 5,000,000 27,000,000 0  
      common stock repurchased
    		-650,000,000 -780,000,000 -1,057,000,000 -1,374,000,000 -2,701,000,000 -2,896,000,000 -2,218,000,000 -2,505,000,000 -2,819,000,000 -3,068,000,000 -3,180,000,000 -1,837,000,000 -3,908,000,000 -3,331,000,000 -2,846,000,000 -2,742,000,000 -928,000,000       -65,000,000 -500,000,000 -500,000,000 -885,000,000 -675,000,000 -400,000,000 -885,000,000 -1,327,000,000 -750,000,000 -452,000,000 -750,000,000 -420,000,000 -20,000,000 -51,000,000 -51,000,000 -75,000,000 -192,000,000 -156,000,000 -408,000,000 -209,000,000 -682,000,000 -301,000,000 -459,000,000 -689,000,000 -452,000,000 -1,028,000,000 -882,000,000 -431,000,000 -500,000,000 0 0 -850,000,000   
      dividends paid
    		-276,000,000 -279,000,000 -285,000,000 -292,000,000 -273,000,000 -290,000,000 -299,000,000 -311,000,000 -297,000,000 -316,000,000 -337,000,000 -351,000,000 -285,000,000 -313,000,000 -330,000,000 -354,000,000 -370,000,000 -381,000,000 -379,000,000 -377,000,000 -378,000,000 -378,000,000 -377,000,000 -344,000,000 -348,000,000 -352,000,000 -354,000,000 -317,000,000 -207,000,000 -211,000,000 -219,000,000 -195,000,000 -202,000,000 -186,000,000 -190,000,000 -190,000,000 -190,000,000 -170,000,000 -169,000,000 -170,000,000 -171,000,000 -136,000,000 -136,000,000 -138,000,000 -141,000,000 -122,000,000 -123,000,000 -126,000,000 -129,000,000 -113,000,000 -116,000,000 -116,000,000 -119,000,000 -85,000,000 -87,000,000 -89,000,000  
      distributions to noncontrolling interests
    		-366,000,000 -368,000,000 -370,000,000 -372,000,000 -333,000,000 -335,000,000 -337,000,000 -338,000,000 -308,000,000 -306,000,000 -329,000,000 -306,000,000 -309,000,000 -288,000,000 -311,000,000 -526,000,000 -310,000,000 -293,000,000 -320,000,000 -303,000,000 -321,000,000 -300,000,000 -320,000,000 -295,000,000 -310,000,000 -315,000,000 -325,000,000 -304,000,000 -205,000,000 -199,000,000 -195,000,000 -189,000,000 -181,000,000 -166,000,000 -158,000,000 -153,000,000 -140,000,000 -128,000,000 -121,000,000 -11,000,000 -11,000,000 -9,000,000 -9,000,000 -7,000,000 -8,000,000 -6,000,000 -6,000,000 -6,000,000 -6,000,000         
      repurchases of noncontrolling interests
    		-100,000,000 -100,000,000 -100,000,000 -100,000,000 -76,000,000 -75,000,000 -75,000,000     -176,000,000 -180,000,000 -35,000,000 -100,000,000 -165,000,000 -155,000,000 -155,000,000 -155,000,000                                       
      net cash from financing activities
    		2,127,000,000 -3,804,000,000 1,589,000,000 -3,307,000,000 -4,157,000,000 -1,993,000,000 -2,977,000,000 -3,169,000,000 -3,411,000,000 -3,720,000,000 -3,907,000,000 -2,636,000,000 -4,715,000,000 -3,932,000,000 -2,364,000,000 -5,703,000,000 -2,762,000,000 -5,970,000,000 16,000,000 -1,057,000,000 -949,000,000 -150,000,000 2,021,000,000 -722,000,000 -813,000,000 -921,000,000 -920,000,000 -1,222,000,000 186,000,000 -1,299,000,000 2,557,000,000 -1,044,000,000 -660,000,000 -910,000,000 1,523,000,000 -89,000,000 -729,000,000 -48,000,000 -419,000,000 288,000,000 -334,000,000 -723,000,000 -218,000,000 -229,000,000 1,994,000,000 -598,000,000 -532,000,000 -576,000,000 -1,125,000,000 -996,000,000 -520,000,000 -151,000,000 -106,000,000 -92,000,000 -910,000,000 -176,000,000 -75,000,000 
      net change in cash, cash equivalents and restricted cash
    		980,000,000 -2,139,000,000 602,000,000 -793,000,000 -439,000,000 1,266,000,000 -2,269,000,000 -3,010,000,000 1,107,000,000 -616,000,000 -666,000,000 1,248,000,000 -1,700,000,000 1,932,000,000 1,857,000,000 -581,000,000 -5,964,000,000 11,080,000,000 203,000,000 -162,000,000 -375,000,000                                     
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 3,211,000,000 0 0 0 5,446,000,000  0 0 8,631,000,000           0 1,529,000,000 0 0 0 1,725,000,000 0 0 0 3,015,000,000                           
      cash, cash equivalents and restricted cash at end of period
    		980,000,000 -2,139,000,000 3,813,000,000 -793,000,000 -439,000,000 1,266,000,000 3,177,000,000  1,107,000,000 -616,000,000 7,965,000,000           -601,000,000 1,694,000,000 1,000,000 279,000,000 341,000,000 908,000,000 -3,270,000,000 -9,000,000 347,000,000 4,657,000,000                           
      adjustments to reconcile net income to net cash from operating activities:
    		                                                         
      – redemptions, repayments, return of capital and sales proceeds
    		  21,000,000 20,000,000 7,000,000   5,000,000                                                  
      – repayments
    		  -930,000,000 -1,173,000,000 -773,000,000 -21,000,000 -17,000,000  -19,000,000 -22,000,000 -1,021,000,000     0 0 -3,081,000,000 -5,356,000,000 9,113,000,000 -3,756,000,000 -4,867,000,000 -1,521,000,000  -5,438,000,000 -5,085,000,000 -2,031,000,000     0 0 0 -300,000,000 -200,000,000 -300,000,000 -687,000,000 -76,000,000 -1,793,000,000 -6,000,000 -6,000,000 -421,000,000 -516,000,000 -6,000,000 -20,000,000 -6,000,000         0 0 
      balance as of december 31, 2024
    		  994,000,000                                                       
      dividends declared on common stock
    		                                                         
      other comprehensive income
    		                                                         
      shares repurchased
    		                                                         
      share-based compensation
    		                                                         
      equity transactions of mplx
    		                                                         
      balance as of march 31, 2025
    		  994,000,000                                                       
      income from discontinued operations
    		               0 0 -8,214,000,000 -234,000,000 -324,000,000                                      
      cash from operating activities - continuing operations
    		       1,123,000,000 4,953,000,000   4,296,000,000 2,514,000,000 6,996,000,000 2,513,000,000 4,838,000,000 1,745,000,000 1,536,000,000 265,000,000 948,000,000                                      
      cash from operating activities - discontinued operations
    		           86,000,000 0   -1,164,000,000 -2,893,000,000 -156,000,000 189,000,000 380,000,000                                      
      redemption of noncontrolling interests - preferred units
    		       0 0 0 -600,000,000                                               
      balance as of december 31, 2023
    		    0 0 993,000,000                                                   
      other comprehensive loss
    		                                                         
      balance as of march 31, 2024
    		    0 0 993,000,000                                                   
      balance as of june 30, 2024
    		    0                                                     
      balance as of september 30, 2024
    		                                                         
      changes in income tax receivable
    		       -319,000,000 408,000,000 -432,000,000 478,000,000 -413,000,000 -153,000,000 24,000,000 -13,000,000 1,554,000,000 515,000,000 -34,000,000 54,000,000 -635,000,000 -22,000,000 185,000,000 -1,335,000,000                                   
      current accounts payable and accrued liabilities
    		       -2,881,000,000 3,426,000,000 239,000,000 -2,100,000,000 -1,136,000,000 -7,061,000,000 3,389,000,000 6,717,000,000 1,590,000,000 193,000,000 2,656,000,000 1,821,000,000 1,091,000,000 1,202,000,000 -1,767,000,000 -3,453,000,000 560,000,000 645,000,000 -186,000,000 1,483,000,000 -2,482,000,000 -85,000,000 1,224,000,000 -1,455,000,000 2,160,000,000 862,000,000 7,000,000 -215,000,000 748,000,000 -395,000,000 1,442,000,000 -810,000,000 -693,000,000 -1,116,000,000 348,000,000 -939,000,000 -1,865,000,000 -676,000,000 -17,000,000 1,011,000,000 -564,000,000 239,000,000 -702,000,000 2,491,000,000 -63,000,000 862,000,000 -1,690,000,000 -332,000,000 850,000,000 66,000,000 
      cash from investing activities - continuing operations
    		           -498,000,000 501,000,000 -1,088,000,000 1,708,000,000 1,448,000,000 -2,133,000,000 -5,652,000,000 -180,000,000 -370,000,000                                      
      cash from investing activities - discontinued operations
    		               0 79,000,000 21,322,000,000 -87,000,000 -63,000,000                                      
      cash, cash equivalents and restricted cash balances:
    		                                                         
      continuing operations - beginning of year
    		                                                         
      discontinued operations - beginning of year
    		                                                         
      less: discontinued operations - end of year
    		                                                         
      continuing operations - end of year
    		                                                         
      – redemptions, repayments and return of capital
    		           4,000,000    0 36,000,000 2,000,000 1,000,000 15,000,000 4,000,000 41,000,000 77,000,000 23,000,000 17,000,000 56,000,000 2,000,000 0 1,000,000   1,000,000 41,000,000 8,000,000 15,000,000 6,000,000 19,000,000   0 0 3,000,000 1,000,000               
      net (gain) loss on disposal of assets
    		          -3,000,000    18,000,000                                           
      impairment expense
    		                   146,000,000 433,000,000 25,000,000 7,822,000,000             0 0 1,000,000 129,000,000                   
      (income) income from equity method investments
    		               -152,000,000 -122,000,000               -82,000,000                          
      continuing operations - beginning of period
    		            0 0 5,294,000,000                                           
      discontinued operations - beginning of period
    		                                                         
      less: discontinued operations - end of period
    		                                                         
      continuing operations - end of period
    		            -1,700,000,000 1,932,000,000 7,151,000,000                                           
      changes in operating assets and liabilities, net of effects of businesses acquired:
    		                                                         
      net recognized (gains) losses on investments and derivatives
    		               27,000,000 -10,000,000                                         
      contributions from noncontrolling interests
    		                       2,000,000 0 0 95,000,000 3,000,000 4,000,000 4,000,000 1,000,000 1,000,000 0 2,000,000 126,000,000                       
      lcm inventory valuation adjustment
    		                    -555,000,000                                     
      investments – acquisitions, loans and contributions
    		                   -49,000,000 -53,000,000 -214,000,000 -169,000,000 -272,000,000 -197,000,000 -270,000,000 -325,000,000 -187,000,000 -104,000,000 -77,000,000 -41,000,000 -75,000,000 -53,000,000 -111,000,000 -566,000,000 -48,000,000 -69,000,000 -105,000,000 -66,000,000 -110,000,000 -72,000,000 -107,000,000 -42,000,000               
      cash, cash equivalents and restricted cash continuing operations - beginning of period
    		                                                         
      cash, cash equivalents and restricted cash discontinued operations - beginning of period
    		                                                         
      less: cash, cash equivalents and restricted cash discontinued operations - end of period
    		                                                         
      cash, cash equivalents and restricted cash continuing operations - end of period
    		                                                         
      inventory market valuation adjustment
    		                      3,220,000,000             0 0                     
      net increase in cash, cash equivalents and restricted cash
    		                      165,000,000 1,000,000 279,000,000 341,000,000 -817,000,000 -3,270,000,000 -9,000,000 347,000,000 1,642,000,000                           
      issuance of mplx lp common units
    		                               0 39,000,000 286,000,000 148,000,000 277,000,000 184,000,000 0 315,000,000                   
      contingent consideration payment
    		                               0 0   0 0   0 0   0              
      right of use assets/operating leases
    		                          -1,000,000                               
      issuance of mplx lp redeemable preferred units
    		                                   0 0                     
      increase in cash and cash equivalents
    		                                                         
      net increase in cash and cash equivalents
    		                               923,000,000 638,000,000 -717,000,000 1,280,000,000  -1,045,000,000 1,446,000,000 -819,000,000  163,000,000 -197,000,000 584,000,000     274,000,000    1,473,000,000 1,492,000,000 -310,000,000 -874,000,000 122,000,000 1,335,000,000 
      cash and cash equivalents at beginning of period
    		                               0 0 0 887,000,000 0 0 0 1,127,000,000 0 0 0 1,494,000,000 0 0 0 2,292,000,000 0 0 0 4,860,000,000 0 0 0 3,079,000,000 0 0 
      cash and cash equivalents at end of period
    		                               923,000,000 638,000,000 -717,000,000 2,167,000,000 178,000,000 -1,045,000,000 1,446,000,000 308,000,000 -917,000,000 163,000,000 -197,000,000 2,078,000,000 -360,000,000 -271,000,000 -41,000,000 2,166,000,000 274,000,000 -1,051,000,000 -1,668,000,000 4,737,000,000 1,473,000,000 1,492,000,000 -310,000,000 2,205,000,000 122,000,000 1,335,000,000 
      acquisitions
    		                                 0 -220,000,000             0 0 -22,000,000 -1,493,000,000 0 -27,000,000   0 0 
      net decrease in cash and cash equivalents
    		                                            -271,000,000 -41,000,000 -126,000,000   -1,668,000,000 -123,000,000       
      equity method investments
    		                                    286,000,000 121,000,000 28,000,000 17,000,000 -6,000,000 12,000,000 2,000,000 56,000,000 5,000,000 -50,000,000 6,000,000 -14,000,000 -7,000,000 -1,000,000 4,000,000 -2,000,000 5,000,000 2,000,000 6,000,000 9,000,000 -5,000,000 
      inventory market valuation charge
    		                                      15,000,000                   
      net proceeds from issuance of mplx lp common units
    		                                                         
      tax settlement with marathon oil corporation
    		                                               0          
      investments—acquisitions, loans and contributions
    		                                            -177,000,000 -41,000,000 -123,000,000           
      —redemptions, repayments and return of capital
    		                                            0             
      —redemptions and repayments
    		                                               1,000,000 48,000,000 17,000,000 11,000,000       
      investments in related party debt securities – purchases
    		                                                       0 0 
      – redemptions
    		                                                       0 0 
      investments—acquisition, loans and contributions
    		                                               -38,000,000          
      long-term debt payable to marathon oil and subsidiaries – borrowings
    		                                                       0 0 
      distributions to marathon oil corporation
    		                                                         
      long-term debt—repayments
    		                                                -6,000,000 -5,000,000 -5,000,000       
      investments—loans and advances
    		                                                 -17,000,000 -21,000,000  -15,000,000 -4,000,000 -7,000,000   
      distribution to noncontrolling interests
    		                                                  -4,000,000       
      investments – loans and advances
    		                                                       -3,000,000 -11,000,000 
      – redemptions and repayments
    		                                                         
      distributions to marathon oil
    		                                                        0 
      investments in related party debt securities—purchases
    		                                                         
      —redemptions
    		                                                         
      long-term debt payable to marathon oil and subsidiaries—borrowings
    		                                                         
      —repayments
    		                                                         
      long-term debt—borrowings
    		                                                         
      —repayments of loans
    		                                                         
      contributions from marathon oil
    		                                                         
      receivables from / payables to related parties
    		                                                       6,000,000 -2,000,000 
      – repayments of loans
    		                                                       0 18,000,000 
      contributions from (distributions to) marathon oil
    		                                                         
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.