Marathon Petroleum Corporation(NYSE:MPC) 
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates in two segments: Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and othe...
Website: http://www.marathonpetroleum.com
Founded: 1887
Full Time Employees: 60,910
Sector: Energy
Industry: Oil & Gas Refining & Marketing
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At a glance:
- Earnings Tied to Refining Margins and Crack Spreads: Marathon Petroleum’s results are heavily influenced by refining and marketing profitability, with earnings rising and falling alongside industry crack spreads, product demand, and refinery utilization rates.
- Midstream Exposure Provides More Stable Cash Flow (MPLX Stake): The company’s significant interest in MPLX adds fee-based midstream cash flow that can help diversify and stabilize performance versus the more cyclical refining segment.
- Capital Returns Are a Core Part of the Equity Story: Marathon Petroleum has emphasized returning capital to shareholders through dividends and share repurchases, supported by cash generation in strong margin environments.
- Operational Reliability and Turnaround Execution Matter: Unplanned outages, maintenance turnarounds, and refinery performance can materially impact quarterly results, making operational execution and utilization key near-term drivers.
- Key Risks Include Commodity Volatility and Regulatory Pressures: Exposure to crude/product price dynamics, RIN/renewable fuel compliance costs, and evolving emissions and fuel regulations remain important factors that can affect margins and valuation.
Bull Thesis:
- Robust Refining Margins: Current market conditions, including strong crack spreads for gasoline and diesel, are driving high profitability for Marathon Petroleum's refining segment. Global demand recovery and supply constraints continue to support favorable margins.
- Significant Shareholder Returns: MPC has a strong track record of returning substantial capital to shareholders through aggressive share buybacks and consistent dividends. Strong free cash flow generation supports the continuation of these shareholder-friendly policies.
- Stable Midstream Contribution from MPLX: Marathon Petroleum's ownership of MPLX provides a stable, fee-based cash flow stream from its midstream operations. This segment offers diversification and reduces the overall earnings volatility inherent in the refining business.
- Strategic Asset Base and Operational Efficiency: As one of the largest refiners in the U.S., MPC benefits from a strategically located and complex refining system. This allows for operational efficiencies, economies of scale, and the flexibility to process various crude types to maximize product yields.
Bear Thesis:
- Cyclicality and Volatility of Refining Margins: Refining profitability is highly cyclical and sensitive to crude oil prices, product demand, and inventory levels. A downturn in crack spreads due to oversupply, reduced demand, or increased competition could significantly impact earnings.
- Long-term Demand Headwinds from Energy Transition: The accelerating global energy transition, including the increasing adoption of electric vehicles and renewable energy sources, poses a long-term threat to demand for refined petroleum products, potentially impacting future volumes and profitability.
- Regulatory and Environmental Compliance Costs: Increasing environmental regulations, carbon reduction targets, and renewable fuel mandates could lead to higher operating costs, significant capital expenditures for compliance, and potential operational restrictions for MPC's refining assets.
- Impact of Economic Downturns: A significant economic recession or slowdown would directly reduce demand for transportation fuels (gasoline, diesel, jet fuel), leading to lower sales volumes and potentially weaker refining margins, negatively impacting MPC's financial performance.
Main Competitors:
- Valero Energy Corporation ($VLO) (Refined petroleum products (gasoline, diesel, jet fuel)), Valero is a pure-play independent refiner, directly competing with Marathon Petroleum in the refining of crude oil into various petroleum products and their subsequent wholesale and retail distribution. Both companies vie for crude feedstock, market share in refined products, and operational efficiency across their refinery networks.
- Phillips 66 ($PSX) (Refined petroleum products, chemicals, midstream services), Phillips 66 is another major independent refiner and marketer, competing with Marathon Petroleum across its refining, marketing, and midstream segments. They compete for market share in refined fuels, access to crude oil, and efficiency in logistics and distribution, often having overlapping operational footprints.
- ExxonMobil Corporation ($XOM) (Full range of petroleum products, chemicals, lubricants, retail fuel), As an integrated global energy company, ExxonMobil competes with Marathon Petroleum through its vast downstream refining and marketing operations. Its massive scale, global reach, and strong brand presence allow it to compete for market share in refined products, lubricants, and chemicals, often leveraging its upstream integration for supply advantages.
- PBF Energy Inc. ($PBF) (Refined petroleum products (gasoline, diesel, jet fuel)), PBF Energy is a smaller but significant independent refiner that competes with Marathon Petroleum in specific regional markets for crude oil supply and the sale of refined products. Competition often centers on refinery utilization rates, product yields, and local market pricing dynamics.
Moat:
Marathon Petroleum Corporation operates in a highly competitive and capital-intensive downstream energy sector. Its primary moat stems from the strategic location and scale of its refining assets, operational efficiency, and integrated logistics network (via MPLX LP). Competition is fierce, driven by other large independent refiners, integrated oil majors with significant downstream operations, and regional players. Key competitive factors include access to cost-advantaged crude oil, refinery utilization rates, product yields, distribution efficiency, and the ability to manage volatile crack spreads and regulatory environments. The industry also faces long-term competitive pressures from the global energy transition and evolving demand for fossil fuels.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2011-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues and other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and other operating revenues | 34,200,000,000 | 32,574,000,000 | 34,809,000,000 | 33,799,000,000 | 31,517,000,000 | 33,137,000,000 | 35,107,000,000 | 37,914,000,000 | 32,706,000,000 | 36,255,000,000 | 40,917,000,000 | 36,343,000,000 | 34,864,000,000 | 39,813,000,000 | 45,787,000,000 | 53,795,000,000 | 38,058,000,000 | 35,336,000,000 | 32,321,000,000 | 29,615,000,000 | 22,711,000,000 | 17,972,000,000 | 17,408,000,000 | 15,024,000,000 | 25,215,000,000 | 31,092,000,000 | 31,043,000,000 | 33,547,000,000 | 28,081,000,000 | 32,151,000,000 | 22,787,000,000 | 22,118,000,000 | 18,694,000,000 | 20,884,000,000 | 19,053,000,000 | 18,033,000,000 | 16,288,000,000 | 17,155,000,000 | 16,618,000,000 | 16,811,000,000 | 12,755,000,000 | 15,607,000,000 | 18,716,000,000 | 20,537,000,000 | 17,191,000,000 | 22,250,000,000 | 25,438,000,000 | 26,844,000,000 | 23,285,000,000 | 24,896,000,000 | 26,253,000,000 | 25,675,000,000 | 23,328,000,000 | 20,684,000,000 | 21,047,000,000 | 20,240,000,000 | 20,264,000,000 | 19,418,000,000 | 20,614,000,000 | 20,732,000,000 |
income from equity method investments | 176,000,000 | 204,000,000 | 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 | 186,000,000 | 180,000,000 | 147,000,000 | 142,000,000 | 152,000,000 | 122,000,000 | 93,000,000 | 91,000,000 | 102,000,000 | 117,000,000 | 105,000,000 | -1,210,000,000 | 64,000,000 | 124,000,000 | 107,000,000 | 99,000,000 | 111,000,000 | 96,000,000 | 80,000,000 | 86,000,000 | 82,000,000 | 84,000,000 | 83,000,000 | 57,000,000 | 51,000,000 | -208,000,000 | -50,000,000 | 22,000,000 | 30,000,000 | 23,000,000 | 20,000,000 | 15,000,000 | 32,000,000 | 29,000,000 | 57,000,000 | 35,000,000 | 20,000,000 | 9,000,000 | 7,000,000 | 8,000,000 | 7,000,000 | 9,000,000 | 2,000,000 | 9,000,000 | 15,000,000 | 17,000,000 | |
other income | 192,000,000 | 475,000,000 | 66,000,000 | 84,000,000 | 103,000,000 | 66,000,000 | 49,000,000 | 76,000,000 | 281,000,000 | 282,000,000 | 341,000,000 | 269,000,000 | 77,000,000 | 105,000,000 | 219,000,000 | 257,000,000 | 202,000,000 | 102,000,000 | 170,000,000 | 119,000,000 | 77,000,000 | 49,000,000 | 22,000,000 | 67,000,000 | 71,000,000 | 67,000,000 | 31,000,000 | 30,000,000 | 35,000,000 | 80,000,000 | 47,000,000 | 45,000,000 | 30,000,000 | 101,000,000 | 92,000,000 | 84,000,000 | 43,000,000 | 72,000,000 | 49,000,000 | 29,000,000 | 28,000,000 | 41,000,000 | 17,000,000 | 25,000,000 | 29,000,000 | 54,000,000 | 12,000,000 | 21,000,000 | 24,000,000 | 12,000,000 | 8,000,000 | 18,000,000 | 14,000,000 | 18,000,000 | 18,000,000 | 4,000,000 | 6,000,000 | 10,000,000 | 17,000,000 | 13,000,000 |
total revenues and other income | 34,568,000,000 | 33,422,000,000 | 35,849,000,000 | 34,101,000,000 | 31,850,000,000 | 33,466,000,000 | 35,373,000,000 | 38,362,000,000 | 33,211,000,000 | 36,823,000,000 | 41,583,000,000 | 36,824,000,000 | 35,077,000,000 | 40,093,000,000 | 47,237,000,000 | 54,238,000,000 | 38,384,000,000 | 35,608,000,000 | 32,613,000,000 | 29,827,000,000 | 22,882,000,000 | 18,187,000,000 | 17,548,000,000 | 15,198,000,000 | 24,080,000,000 | 31,308,000,000 | 31,202,000,000 | 33,688,000,000 | 28,615,000,000 | 32,541,000,000 | 23,132,000,000 | 22,445,000,000 | 18,984,000,000 | 21,236,000,000 | 19,386,000,000 | 18,354,000,000 | 16,393,000,000 | 17,284,000,000 | 16,460,000,000 | 16,790,000,000 | 12,830,000,000 | 15,679,000,000 | 18,758,000,000 | 20,581,000,000 | 17,240,000,000 | 22,343,000,000 | 25,481,000,000 | 26,933,000,000 | 23,345,000,000 | 24,932,000,000 | 26,274,000,000 | 25,703,000,000 | 23,345,000,000 | 20,711,000,000 | 21,249,000,000 | 20,257,000,000 | 20,275,000,000 | 19,441,000,000 | 20,653,000,000 | 20,794,000,000 |
yoy | 8.53% | -0.13% | 1.35% | -11.11% | -4.10% | -9.12% | -14.93% | 4.18% | -5.32% | -8.16% | -11.97% | -32.11% | -8.62% | 12.60% | 44.84% | 81.84% | 67.75% | 95.79% | 85.85% | 96.26% | -4.98% | -41.91% | -43.76% | -54.89% | -15.85% | -3.79% | 34.89% | 50.09% | 50.73% | 53.24% | 19.32% | 22.29% | 15.81% | 22.87% | 17.78% | 9.32% | 27.77% | 10.24% | -12.25% | -18.42% | -25.58% | -29.83% | -26.38% | -23.58% | -26.15% | -10.38% | -3.02% | 4.79% | 0.00% | 20.38% | 23.65% | 26.88% | 15.14% | 6.53% | 2.89% | -2.58% | ||||
qoq | 3.43% | -6.77% | 5.13% | 7.07% | -4.83% | -5.39% | -7.79% | 15.51% | -9.81% | -11.45% | 12.92% | 4.98% | -12.51% | -15.12% | -12.91% | 41.30% | 7.80% | 9.18% | 9.34% | 30.35% | 25.82% | 3.64% | 15.46% | -36.89% | -23.09% | 0.34% | -7.38% | 17.73% | -12.06% | 40.68% | 3.06% | 18.23% | -10.60% | 9.54% | 5.62% | 11.96% | -5.16% | 5.01% | -1.97% | 30.87% | -18.17% | -16.41% | -8.86% | 19.38% | -22.84% | -12.32% | -5.39% | 15.37% | -6.37% | -5.11% | 2.22% | 10.10% | 12.72% | -2.53% | 4.90% | -0.09% | 4.29% | -5.87% | -0.68% | |
costs and expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues | 31,261,000,000 | 28,861,000,000 | 31,200,000,000 | 30,025,000,000 | 29,360,000,000 | 30,558,000,000 | 32,144,000,000 | 33,945,000,000 | 29,593,000,000 | 32,582,000,000 | 34,928,000,000 | 31,762,000,000 | 29,294,000,000 | 33,575,000,000 | 38,821,000,000 | 44,207,000,000 | 35,068,000,000 | 32,184,000,000 | 29,563,000,000 | 27,177,000,000 | 21,084,000,000 | 17,216,000,000 | 16,673,000,000 | 13,777,000,000 | 22,821,000,000 | 27,301,000,000 | 27,300,000,000 | 29,682,000,000 | 25,756,000,000 | 28,112,000,000 | 20,457,000,000 | 19,517,000,000 | 17,370,000,000 | 16,847,000,000 | 14,605,000,000 | 14,175,000,000 | 13,133,000,000 | 13,695,000,000 | 12,944,000,000 | 12,830,000,000 | 9,701,000,000 | 12,008,000,000 | 14,165,000,000 | 16,366,000,000 | 13,044,000,000 | 18,199,000,000 | 21,935,000,000 | 23,096,000,000 | 20,540,000,000 | 21,494,000,000 | 23,553,000,000 | 22,320,000,000 | 20,034,000,000 | 17,380,000,000 | 17,190,000,000 | 16,789,000,000 | 17,309,000,000 | 17,641,000,000 | 16,896,000,000 | 16,654,000,000 |
gross profit | 3,307,000,000 | 4,561,000,000 | 4,649,000,000 | 4,076,000,000 | 2,490,000,000 | 2,908,000,000 | 3,229,000,000 | 4,417,000,000 | 3,618,000,000 | 4,241,000,000 | 6,655,000,000 | 5,062,000,000 | 5,783,000,000 | 6,518,000,000 | 8,416,000,000 | 10,031,000,000 | 3,316,000,000 | 3,424,000,000 | 3,050,000,000 | 2,650,000,000 | 1,798,000,000 | 971,000,000 | 875,000,000 | 1,421,000,000 | 1,259,000,000 | 4,007,000,000 | 3,902,000,000 | 4,006,000,000 | 2,859,000,000 | 4,429,000,000 | 2,675,000,000 | 2,928,000,000 | 1,614,000,000 | 4,389,000,000 | 4,781,000,000 | 4,179,000,000 | 3,260,000,000 | 3,589,000,000 | 3,516,000,000 | 3,960,000,000 | 3,129,000,000 | 3,671,000,000 | 4,593,000,000 | 4,215,000,000 | 4,196,000,000 | 4,144,000,000 | 3,546,000,000 | 3,837,000,000 | 2,805,000,000 | 3,438,000,000 | 2,721,000,000 | 3,383,000,000 | 3,311,000,000 | 3,331,000,000 | 4,059,000,000 | 3,468,000,000 | 2,966,000,000 | 1,800,000,000 | 3,757,000,000 | 4,140,000,000 |
yoy | 32.81% | 56.84% | 43.98% | -7.72% | -31.18% | -31.43% | -51.48% | -12.74% | -37.44% | -34.93% | -20.92% | -49.54% | 74.40% | 90.36% | 175.93% | 278.53% | 84.43% | 252.63% | 248.57% | 86.49% | 42.81% | -75.77% | -77.58% | -64.53% | -55.96% | -9.53% | 45.87% | 36.82% | 77.14% | 0.91% | -44.05% | -29.94% | -50.49% | 22.29% | 35.98% | 5.53% | 4.19% | -2.23% | -23.45% | -6.05% | -25.43% | -11.41% | 29.53% | 9.85% | 49.59% | 20.54% | 30.32% | 13.42% | -15.28% | 3.21% | -32.96% | -2.45% | 11.63% | 85.06% | 8.04% | -16.23% | ||||
qoq | -27.49% | -1.89% | 14.06% | 63.69% | -14.37% | -9.94% | -26.90% | 22.08% | -14.69% | -36.27% | 31.47% | -12.47% | -11.28% | -22.55% | -16.10% | 202.50% | -3.15% | 12.26% | 15.09% | 47.39% | 85.17% | 10.97% | -38.42% | 12.87% | -68.58% | 2.69% | -2.60% | 40.12% | -35.45% | 65.57% | -8.64% | 81.41% | -63.23% | -8.20% | 14.41% | 28.19% | -9.17% | 2.08% | -11.21% | 26.56% | -14.76% | -20.07% | 8.97% | 0.45% | 1.25% | 16.86% | -7.58% | 36.79% | -18.41% | 26.35% | -19.57% | 2.17% | -0.60% | -17.94% | 17.04% | 16.93% | 64.78% | -52.09% | -9.25% | |
gross margin % | 9.57% | 13.65% | 12.97% | 11.95% | 7.82% | 8.69% | 9.13% | 11.51% | 10.89% | 11.52% | 16.00% | 13.75% | 16.49% | 16.26% | 17.82% | 18.49% | 8.64% | 9.62% | 9.35% | 8.88% | 7.86% | 5.34% | 4.99% | 9.35% | 5.23% | 12.80% | 12.51% | 11.89% | 9.99% | 13.61% | 11.56% | 13.05% | 8.50% | 20.67% | 24.66% | 22.77% | 19.89% | 20.76% | 21.36% | 23.59% | 24.39% | 23.41% | 24.49% | 20.48% | 24.34% | 18.55% | 13.92% | 14.25% | 12.02% | 13.79% | 10.36% | 13.16% | 14.18% | 16.08% | 19.10% | 17.12% | 14.63% | 9.26% | 18.19% | 19.91% |
depreciation and amortization | 809,000,000 | 828,000,000 | 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 | 830,000,000 | 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 | 218,000,000 |
selling, general and administrative expenses | 867,000,000 | 836,000,000 | 863,000,000 | 867,000,000 | 783,000,000 | 804,000,000 | 815,000,000 | 823,000,000 | 779,000,000 | 820,000,000 | 824,000,000 | 704,000,000 | 691,000,000 | 763,000,000 | 712,000,000 | 694,000,000 | 603,000,000 | 656,000,000 | 681,000,000 | 625,000,000 | 575,000,000 | 630,000,000 | 673,000,000 | 746,000,000 | 821,000,000 | 790,000,000 | 833,000,000 | 904,000,000 | 881,000,000 | 1,147,000,000 | 445,000,000 | 424,000,000 | 402,000,000 | 457,000,000 | 412,000,000 | 485,000,000 | 389,000,000 | 406,000,000 | 420,000,000 | 401,000,000 | 378,000,000 | 433,000,000 | 392,000,000 | 393,000,000 | 358,000,000 | 371,000,000 | 342,000,000 | 316,000,000 | 346,000,000 | 336,000,000 | 305,000,000 | 358,000,000 | 249,000,000 | 279,000,000 | 305,000,000 | 376,000,000 | 263,000,000 | 302,000,000 | 299,000,000 | 288,000,000 |
other taxes | 227,000,000 | 203,000,000 | 232,000,000 | 223,000,000 | 227,000,000 | 137,000,000 | 219,000,000 | 234,000,000 | 228,000,000 | 198,000,000 | 233,000,000 | 219,000,000 | 231,000,000 | 219,000,000 | 224,000,000 | 190,000,000 | 192,000,000 | 177,000,000 | 193,000,000 | 189,000,000 | 162,000,000 | 122,000,000 | 178,000,000 | 214,000,000 | 251,000,000 | 201,000,000 | 190,000,000 | 174,000,000 | 186,000,000 | 209,000,000 | 123,000,000 | 122,000,000 | 103,000,000 | 115,000,000 | 116,000,000 | 115,000,000 | 108,000,000 | 103,000,000 | 112,000,000 | 111,000,000 | 109,000,000 | 95,000,000 | 95,000,000 | 104,000,000 | 97,000,000 | 102,000,000 | 86,000,000 | 98,000,000 | 104,000,000 | 81,000,000 | 82,000,000 | 88,000,000 | 89,000,000 | 66,000,000 | 66,000,000 | 64,000,000 | 74,000,000 | 49,000,000 | 63,000,000 | 59,000,000 |
total costs and expenses | 33,164,000,000 | 30,728,000,000 | 33,136,000,000 | 31,904,000,000 | 31,163,000,000 | 32,325,000,000 | 34,024,000,000 | 35,840,000,000 | 31,427,000,000 | 34,428,000,000 | 36,830,000,000 | 33,519,000,000 | 31,016,000,000 | 35,354,000,000 | 40,551,000,000 | 45,910,000,000 | 36,668,000,000 | 33,830,000,000 | 31,273,000,000 | 28,862,000,000 | 22,665,000,000 | 17,797,000,000 | 18,605,000,000 | 14,217,000,000 | 35,897,000,000 | 30,467,000,000 | 29,178,000,000 | 31,646,000,000 | 27,946,000,000 | 30,524,000,000 | 21,729,000,000 | 20,734,000,000 | 18,544,000,000 | 20,117,000,000 | 17,810,000,000 | 17,372,000,000 | 16,101,000,000 | 16,731,000,000 | 16,025,000,000 | 15,475,000,000 | 12,755,000,000 | 15,341,000,000 | 17,209,000,000 | 19,246,000,000 | 15,770,000,000 | 21,084,000,000 | 24,419,000,000 | 25,564,000,000 | 22,984,000,000 | 23,924,000,000 | 25,973,000,000 | 24,743,000,000 | 22,189,000,000 | 19,522,000,000 | 19,354,000,000 | 18,950,000,000 | 19,319,000,000 | 19,599,000,000 | 18,894,000,000 | 19,469,000,000 |
income from operations | 1,404,000,000 | 2,694,000,000 | 2,713,000,000 | 2,197,000,000 | 687,000,000 | 1,413,750,000 | 1,349,000,000 | 2,522,000,000 | 1,784,000,000 | 3,029,750,000 | 4,753,000,000 | 3,305,000,000 | 4,061,000,000 | 981,000,000 | -11,817,000,000 | 841,000,000 | 2,024,000,000 | 2,042,000,000 | 669,000,000 | 2,017,000,000 | 1,403,000,000 | 1,711,000,000 | 440,000,000 | 1,119,000,000 | 1,576,000,000 | 982,000,000 | 292,000,000 | 553,000,000 | 435,000,000 | 1,315,000,000 | 75,000,000 | 338,000,000 | 1,549,000,000 | 1,335,000,000 | 1,470,000,000 | 1,259,000,000 | 1,062,000,000 | 1,369,000,000 | 361,000,000 | 1,008,000,000 | 301,000,000 | 960,000,000 | 1,156,000,000 | 1,189,000,000 | 1,895,000,000 | 1,307,000,000 | 956,000,000 | -158,000,000 | 1,759,000,000 | 1,325,000,000 | ||||||||||
yoy | 104.37% | 90.56% | 101.11% | -12.89% | -61.49% | -53.34% | -71.62% | -23.69% | -56.07% | -51.96% | -1866.37% | -58.30% | 44.26% | 19.35% | 52.05% | 80.25% | -10.98% | 74.24% | 50.68% | 102.35% | 262.30% | -25.32% | 289.33% | 63.61% | -71.92% | -1.50% | -94.90% | -73.15% | 45.86% | -2.48% | 307.20% | 24.90% | 252.82% | 42.60% | -68.77% | -15.22% | -84.12% | -26.55% | 20.92% | -852.53% | 7.73% | -1.36% | ||||||||||||||||||
qoq | -47.88% | -0.70% | 23.49% | 219.80% | -51.41% | 4.80% | -46.51% | 41.37% | -41.12% | -36.26% | 43.81% | -18.62% | -108.30% | -1505.11% | -58.45% | -0.88% | 205.23% | -66.83% | 43.76% | -18.00% | 288.86% | -60.68% | -29.00% | 60.49% | 236.30% | -47.20% | 27.13% | -66.92% | 1653.33% | -77.81% | -78.18% | 16.03% | -9.18% | 16.76% | 18.55% | -22.43% | 279.22% | -64.19% | 234.88% | -68.65% | -16.96% | -2.78% | -37.26% | 44.99% | 36.72% | -705.06% | -108.98% | 32.75% | ||||||||||||
operating margin % | 4.06% | 8.06% | 7.57% | 6.44% | 2.16% | 4.22% | 3.81% | 6.57% | 5.37% | 8.23% | 11.43% | 8.98% | 11.58% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6.45% | -49.07% | 2.69% | 6.49% | 6.06% | 2.34% | 6.20% | 6.07% | 7.62% | 2.32% | 5.27% | 8.13% | 5.35% | 1.78% | 3.20% | 2.64% | 7.83% | 0.58% | 2.16% | 8.26% | 6.49% | 8.53% | 5.63% | 4.17% | 5.08% | 1.55% | 4.04% | 1.15% | 3.73% | 4.95% | 5.74% | 8.92% | 6.45% | 4.72% | -0.81% | 8.52% | 6.37% |
net interest and other financial costs | 370,000,000 | 343,000,000 | 310,000,000 | 319,000,000 | 304,000,000 | 245,000,000 | 221,000,000 | 194,000,000 | 179,000,000 | 111,000,000 | 118,000,000 | 142,000,000 | 154,000,000 | 186,000,000 | 240,000,000 | 312,000,000 | 262,000,000 | 430,000,000 | 328,000,000 | 372,000,000 | 353,000,000 | 333,000,000 | 359,000,000 | 345,000,000 | 338,000,000 | 302,000,000 | 317,000,000 | 322,000,000 | 306,000,000 | 385,000,000 | 240,000,000 | 195,000,000 | 183,000,000 | |||||||||||||||||||||||||||
income before income taxes | 1,034,000,000 | 2,351,000,000 | 2,403,000,000 | 1,878,000,000 | 383,000,000 | 1,265,250,000 | 1,128,000,000 | 2,328,000,000 | 1,605,000,000 | 2,926,250,000 | 4,635,000,000 | 3,163,000,000 | 3,907,000,000 | 636,000,000 | -12,155,000,000 | 539,000,000 | 1,707,000,000 | 1,720,000,000 | 363,000,000 | 1,632,000,000 | 1,163,000,000 | 1,516,000,000 | 257,000,000 | 959,000,000 | 1,419,000,000 | 824,000,000 | 142,000,000 | 417,000,000 | 294,000,000 | 1,178,000,000 | -67,000,000 | 235,000,000 | 1,479,000,000 | 1,271,000,000 | 1,389,000,000 | 1,187,000,000 | 1,012,000,000 | 1,321,000,000 | 315,000,000 | 969,000,000 | 254,000,000 | 915,000,000 | 1,108,000,000 | 1,144,000,000 | 1,870,000,000 | 1,290,000,000 | 934,000,000 | -180,000,000 | 1,744,000,000 | 1,333,000,000 | ||||||||||
provision for income taxes | 183,000,000 | 372,000,000 | 460,000,000 | 268,000,000 | 37,000,000 | 194,750,000 | 113,000,000 | 373,000,000 | 293,000,000 | 602,500,000 | 1,004,000,000 | 583,000,000 | 823,000,000 | 360,000,000 | -1,937,000,000 | 277,000,000 | 340,000,000 | 353,000,000 | 104,000,000 | 281,000,000 | 250,000,000 | 120,250,000 | 75,000,000 | 486,000,000 | 457,000,000 | 476,000,000 | 338,000,000 | -105,000,000 | 611,000,000 | 531,000,000 | ||||||||||||||||||||||||||||||
net income | 851,000,000 | 1,979,000,000 | 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 | 802,000,000 |
yoy | 145.95% | 152.10% | 91.43% | -17.65% | -73.63% | -58.18% | -72.05% | -24.22% | -57.46% | -48.45% | -27.67% | -58.50% | 163.14% | 229.50% | 387.38% | -29.37% | 1731.25% | 92.51% | -269.13% | 3089.13% | -100.63% | 119.08% | -144.55% | -79.81% | -4045.17% | -78.08% | 45.27% | 10.69% | 10.21% | -43.76% | -6.27% | 115.16% | 132.67% | 635.29% | 358.45% | -26.69% | -229.49% | 72.02% | -77.14% | -6.67% | -108.64% | -79.13% | 41.09% | -2.89% | 336.23% | 27.58% | 292.49% | 44.24% | -71.64% | -16.86% | -85.87% | -26.41% | 22.48% | -1112.00% | 8.03% | 1.50% | ||||
qoq | -57.00% | 1.85% | 20.68% | 365.32% | -55.92% | -22.66% | -48.08% | 49.01% | -30.10% | -48.31% | 40.74% | -16.34% | -15.30% | -27.47% | -19.25% | 430.46% | 6.06% | 7.28% | -88.30% | 13653.13% | -88.85% | -194.25% | -320.65% | -102.70% | -4000.00% | -80.83% | 0.00% | 427.80% | -78.33% | 26.99% | -23.81% | 425.53% | -88.94% | 111.65% | 74.91% | 468.32% | -65.05% | 31.96% | -72.03% | -1103.85% | -146.43% | -82.46% | 14.18% | -7.09% | 12.17% | 18.56% | -21.41% | 317.39% | -67.19% | 264.74% | -71.12% | -17.95% | -3.82% | -37.99% | 50.37% | 36.58% | -894.67% | -106.62% | 41.27% | |
net income margin % | 2.46% | 5.92% | 5.42% | 4.72% | 1.09% | 2.35% | 2.87% | 5.10% | 3.95% | 5.10% | 8.73% | 7.01% | 8.79% | 9.08% | 10.63% | 11.46% | 3.05% | 3.10% | 3.16% | 29.51% | 0.28% | 3.16% | -3.47% | 1.82% | -42.43% | 0.84% | 4.38% | 4.06% | 0.91% | 3.67% | 4.07% | 5.50% | 1.24% | 10.01% | 5.18% | 3.13% | 0.62% | 1.67% | 1.33% | 4.66% | -0.61% | 1.07% | 5.11% | 4.08% | 5.24% | 3.60% | 2.66% | 3.21% | 0.89% | 2.53% | 0.66% | 2.33% | 3.13% | 3.66% | 5.76% | 4.02% | 2.94% | -0.39% | 5.49% | 3.86% |
less net income attributable to: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | 340,000,000 | 444,000,000 | 573,000,000 | 394,000,000 | 420,000,000 | 408,000,000 | 387,000,000 | 435,000,000 | 365,000,000 | 403,000,000 | 326,000,000 | 331,000,000 | 337,000,000 | 297,000,000 | 520,000,000 | 323,000,000 | 306,000,000 | 310,000,000 | 298,000,000 | 269,000,000 | 286,000,000 | 269,000,000 | 257,000,000 | 246,000,000 | -1,004,000,000 | -201,000,000 | 252,000,000 | 240,000,000 | 246,000,000 | 224,000,000 | 185,000,000 | 160,000,000 | 182,000,000 | 93,000,000 | 85,000,000 | 74,000,000 | 55,000,000 | 46,000,000 | 58,000,000 | -27,000,000 | ||||||||||||||||||||
net income attributable to mpc | 511,000,000 | 1,535,000,000 | 1,370,000,000 | 1,216,000,000 | -74,000,000 | 371,000,000 | 622,000,000 | 1,515,000,000 | 937,000,000 | 1,451,000,000 | 3,280,000,000 | 2,226,000,000 | 2,724,000,000 | 3,321,000,000 | 4,477,000,000 | 5,873,000,000 | 845,000,000 | 774,000,000 | 694,000,000 | 8,512,000,000 | 285,000,000 | -886,000,000 | 9,000,000 | 443,000,000 | 1,095,000,000 | 1,106,000,000 | -7,000,000 | 951,000,000 | 737,000,000 | 1,055,000,000 | 37,000,000 | 2,016,000,000 | 903,000,000 | 483,000,000 | 30,000,000 | 227,000,000 | 145,000,000 | 801,000,000 | 1,000,000 | 187,000,000 | 948,000,000 | 826,000,000 | 891,000,000 | 798,000,000 | 672,000,000 | 855,000,000 | 199,000,000 | 626,000,000 | 168,000,000 | 593,000,000 | 725,000,000 | |||||||||
per share data | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to mpc per share | 1.73 | 5.08 | 4.51 | 3.96 | -0.24 | 2.213 | 1.88 | 4.34 | 2.59 | 4.915 | 8.31 | 5.34 | 6.13 | 0.01 | 0.69 | 1.67 | 1.67 | -0.01 | 1.4 | 1.63 | 2.3 | 0.08 | 4.01 | 1.79 | 0.94 | 0.06 | 0.43 | 0.28 | 1.51 | 0.003 | 0.36 | 1.77 | 1.52 | 3.26 | 2.85 | 2.38 | 2.97 | 0.68 | 2.06 | 0.54 | 1.84 | 2.19 | ||||||||||||||||||
weighted-average shares outstanding | 295 | 305 | 303 | 307 | 313 | 340 | 331 | 349 | 361 | 407 | 394 | 417 | 444 | 512 | 491 | 532 | 564 | 634 | 633 | 650 | 651 | 649 | 650 | 650 | 648 | 659 | 656 | 662 | 673 | 518 | 451 | 459 | 476 | 507 | 504 | 513 | 525 | 528 | 527 | 528 | 529 | 538 | 535 | 541 | 273 | 285 | 282 | 287 | 293 | 315 | 309 | 322 | 331 | 340 | 338 | 340 | 348 | 356 | ||
diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on disposal of assets | 169,000,000 | -2,000,000 | 6,000,000 | 11,000,000 | -2,000,000 | -1,000,000 | 20,000,000 | 91,000,000 | 110,000,000 | 13,000,000 | 3,000,000 | -11,000,000 | 1,051,000,000 | 39,000,000 | -18,000,000 | 18,000,000 | 3,000,000 | 64,000,000 | 1,000,000 | 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 | 7,000,000 | 5,000,000 | 6,000,000 | 1,000,000 | 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 | 4,000,000 | ||||||
redeemable noncontrolling interest | 6,000,000 | 6,000,000 | 5,000,000 | 10,000,000 | 23,000,000 | 25,000,000 | 23,000,000 | 23,000,000 | 23,000,000 | 23,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 38,000,000 | 21,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 21,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 21,000,000 | 20,000,000 | 20,000,000 | 19,000,000 | 20,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 17,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 9,000,000 | |||||||||||||||||||||||||
income from continuing operations | 4,739,000,000 | 6,686,000,000 | 8,328,000,000 | 1,716,000,000 | 1,778,000,000 | 1,340,000,000 | 965,000,000 | 217,000,000 | 390,000,000 | -1,057,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 4,553,000,000 | 6,446,000,000 | 8,016,000,000 | 1,454,000,000 | 1,348,000,000 | 1,012,000,000 | 593,000,000 | 57,000,000 | -1,416,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
provision for income taxes on continuing operations | 984,000,000 | 1,426,000,000 | 1,799,000,000 | 282,000,000 | 243,000,000 | -18,000,000 | 5,000,000 | 34,000,000 | -559,250,000 | -436,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations, net of tax | 3,569,000,000 | 5,020,000,000 | 6,217,000,000 | 1,172,000,000 | 1,105,000,000 | 1,030,000,000 | 588,000,000 | 250,000,000 | -980,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | 8,214,000,000 | 234,000,000 | 324,000,000 | 371,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | 6.99 | 9.12 | 11.03 | 1.5 | 1.23 | 1.1 | 0.46 | -0.73 | -0.06 | -1.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | 0.21 | 12.63 | 0.36 | 0.51 | 0.57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 7.13 | 9.12 | 11.03 | 1.5 | 1.44 | 1.1 | 13.09 | -0.37 | 0.45 | -1.36 | 1.923 | 3.61 | 2.39 | 1.71 | ||||||||||||||||||||||||||||||||||||||||||||||
lcm inventory valuation adjustment | 296,250,000 | -530,000,000 | -1,480,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment expense | 146,000,000 | 433,000,000 | 25,000,000 | 7,822,000,000 | 1,000,000 | 129,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring expenses | 19,000,000 | 348,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations before income taxes | -136,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations, net of tax | -170,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to mpc | -242,000,000 | -9,234,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventory market valuation adjustment | 3,220,000,000 | -385,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to mpc per share | -14.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales to related parties | 186,000,000 | 182,000,000 | 201,000,000 | 199,000,000 | 172,000,000 | 171,000,000 | 157,000,000 | 147,000,000 | 1,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 28,000,000 | |||||||||||||||||||||||||||||||||||||||||
purchases from related parties | 204,000,000 | 182,000,000 | 149,000,000 | 138,000,000 | 141,000,000 | 150,000,000 | 148,000,000 | 150,000,000 | 122,000,000 | 150,000,000 | 128,000,000 | 124,000,000 | 107,000,000 | 89,000,000 | 61,000,000 | 82,000,000 | 76,000,000 | 104,000,000 | 112,000,000 | 130,000,000 | 159,000,000 | 103,000,000 | 103,000,000 | 79,000,000 | 72,000,000 | 76,000,000 | 84,000,000 | 57,000,000 | 63,000,000 | 70,000,000 | 80,000,000 | 981,000,000 | ||||||||||||||||||||||||||||
benefit from income taxes | 131,250,000 | 222,000,000 | 22,000,000 | 176,500,000 | 415,000,000 | 41,000,000 | 395,000,000 | 11,000,000 | 67,000,000 | 521,000,000 | 432,000,000 | 382,000,000 | 333,000,000 | 108,000,000 | 338,000,000 | 81,000,000 | 316,000,000 | 378,000,000 | 385,000,000 | 646,000,000 | ||||||||||||||||||||||||||||||||||||||||
dividends paid | 0.46 | 0.46 | 0.4 | 0.4 | 0.36 | 0.36 | 0.36 | 0.36 | 0.32 | 0.32 | 0.32 | 0.32 | 0.25 | 0.5 | 0.5 | 0.5 | 0.42 | 0.42 | 0.42 | 0.42 | 0.35 | 0.35 | 0.35 | 0.35 | 0.25 | 0.25 | 0.25 | 0.2 | ||||||||||||||||||||||||||||||||
consumer excise taxes | 2,008,000,000 | 2,012,000,000 | 1,926,000,000 | 1,813,000,000 | 1,873,000,000 | 1,914,000,000 | 1,893,000,000 | 1,826,000,000 | 1,933,000,000 | 1,988,000,000 | 1,939,000,000 | 1,832,000,000 | 1,949,000,000 | 1,622,000,000 | 1,599,000,000 | 1,515,000,000 | 1,578,000,000 | 1,631,000,000 | 1,596,000,000 | 1,458,000,000 | 1,438,000,000 | 1,463,000,000 | 1,428,000,000 | 1,380,000,000 | 1,307,000,000 | 1,329,000,000 | 1,269,000,000 | |||||||||||||||||||||||||||||||||
net interest and other financial income | -160,000,000 | -157,000,000 | -158,000,000 | -150,000,000 | -136,000,000 | -141,000,000 | -137,000,000 | -142,000,000 | -103,000,000 | -70,000,000 | -64,000,000 | -81,000,000 | -72,000,000 | -50,000,000 | -48,000,000 | -46,000,000 | -39,000,000 | -47,000,000 | -45,000,000 | -48,000,000 | -45,000,000 | -26,000,000 | -17,000,000 | -22,000,000 | -22,000,000 | -15,000,000 | -10,000,000 | |||||||||||||||||||||||||||||||||
inventory market valuation charge | 15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less net income attributable to noncontrolling interests | -79,000,000 | -19,000,000 | 10,000,000 | 13,000,000 | 12,000,000 | 7,000,000 | 7,000,000 | 9,000,000 | 8,000,000 | 5,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
related party net interest and other financial income | 1,000,000 | 18,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2011-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 2,151,000,000 | 3,672,000,000 | 2,654,000,000 | 1,673,000,000 | 3,812,000,000 | 3,210,000,000 | 4,002,000,000 | 4,441,000,000 | 3,175,000,000 | 5,443,000,000 | 8,452,000,000 | 7,345,000,000 | 7,960,000,000 | 8,625,000,000 | 7,376,000,000 | 9,078,000,000 | 7,148,000,000 | 5,291,000,000 | 5,874,000,000 | 11,839,000,000 | 624,000,000 | 415,000,000 | 618,000,000 | 1,091,000,000 | 1,690,000,000 | 1,527,000,000 | 1,525,000,000 | 1,247,000,000 | 877,000,000 | 1,687,000,000 | 4,992,000,000 | 4,999,000,000 | 4,653,000,000 | 3,011,000,000 | 2,088,000,000 | 1,450,000,000 | 2,167,000,000 | 887,000,000 | 709,000,000 | 1,754,000,000 | 308,000,000 | 1,127,000,000 | 2,044,000,000 | 1,881,000,000 | 2,078,000,000 | 1,494,000,000 | 1,854,000,000 | 2,125,000,000 | 2,166,000,000 | 2,292,000,000 | 2,018,000,000 | 3,069,000,000 | 4,737,000,000 | 4,860,000,000 | 3,387,000,000 | 1,895,000,000 | 2,205,000,000 | 3,079,000,000 | 2,957,000,000 | 1,622,000,000 |
receivables, less allowance for expected credit loss of 16 and 20, respectively | 14,629,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | 10,764,000,000 | 10,129,000,000 | 9,829,000,000 | 10,106,000,000 | 10,488,000,000 | 9,568,000,000 | 9,886,000,000 | 9,800,000,000 | 9,781,000,000 | 9,317,000,000 | 10,143,000,000 | 9,536,000,000 | 10,268,000,000 | 8,827,000,000 | 9,834,000,000 | 11,048,000,000 | 9,482,000,000 | 8,055,000,000 | 9,211,000,000 | 8,879,000,000 | 8,407,000,000 | 7,999,000,000 | 7,403,000,000 | 8,086,000,000 | 7,445,000,000 | 10,243,000,000 | 9,696,000,000 | 9,088,000,000 | 9,833,000,000 | 9,837,000,000 | 5,339,000,000 | 5,485,000,000 | 5,111,000,000 | 5,550,000,000 | 5,493,000,000 | 5,548,000,000 | 5,392,000,000 | 5,656,000,000 | 5,524,000,000 | 5,209,000,000 | 4,983,000,000 | 5,225,000,000 | 5,556,000,000 | 5,540,000,000 | 5,437,000,000 | 5,642,000,000 | 5,608,000,000 | 5,621,000,000 | 5,689,000,000 | 4,689,000,000 | 5,714,000,000 | 4,830,000,000 | 4,879,000,000 | 3,449,000,000 | 3,889,000,000 | 4,030,000,000 | 3,352,000,000 | 3,320,000,000 | 3,615,000,000 | 3,679,000,000 |
other current assets | 1,154,000,000 | 662,000,000 | 626,000,000 | 821,000,000 | 726,000,000 | 524,000,000 | 740,000,000 | 741,000,000 | 734,000,000 | 971,000,000 | 607,000,000 | 949,000,000 | 623,000,000 | 1,168,000,000 | 858,000,000 | 741,000,000 | 648,000,000 | 568,000,000 | 2,175,000,000 | 2,685,000,000 | 2,695,000,000 | 2,724,000,000 | 2,199,000,000 | 1,105,000,000 | 975,000,000 | 528,000,000 | 457,000,000 | 458,000,000 | 548,000,000 | 646,000,000 | 134,000,000 | 145,000,000 | 148,000,000 | 145,000,000 | 150,000,000 | 186,000,000 | 199,000,000 | 241,000,000 | 176,000,000 | 142,000,000 | 204,000,000 | 192,000,000 | 137,000,000 | 134,000,000 | 174,000,000 | 145,000,000 | 154,000,000 | 125,000,000 | 173,000,000 | 197,000,000 | 206,000,000 | 190,000,000 | 172,000,000 | 110,000,000 | 139,000,000 | 73,000,000 | 156,000,000 | 141,000,000 | 183,000,000 | 170,000,000 |
total current assets | 28,698,000,000 | 24,780,000,000 | 24,630,000,000 | 23,728,000,000 | 27,140,000,000 | 24,447,000,000 | 25,949,000,000 | 31,347,000,000 | 31,260,000,000 | 32,131,000,000 | 36,275,000,000 | 32,213,000,000 | 32,486,000,000 | 35,242,000,000 | 35,285,000,000 | 42,413,000,000 | 36,388,000,000 | 30,496,000,000 | 34,143,000,000 | 38,592,000,000 | 30,361,000,000 | 28,287,000,000 | 26,200,000,000 | 14,643,000,000 | 15,693,000,000 | 20,170,000,000 | 19,139,000,000 | 18,396,000,000 | 18,151,000,000 | 18,023,000,000 | 15,873,000,000 | 15,548,000,000 | 14,525,000,000 | 13,401,000,000 | 11,631,000,000 | 10,443,000,000 | 11,042,000,000 | 10,401,000,000 | 9,545,000,000 | 10,304,000,000 | 8,097,000,000 | 9,471,000,000 | 10,861,000,000 | 11,431,000,000 | 11,053,000,000 | 11,339,000,000 | 12,887,000,000 | 13,596,000,000 | 13,448,000,000 | 12,737,000,000 | 13,531,000,000 | 14,252,000,000 | 15,297,000,000 | 13,029,000,000 | 12,516,000,000 | 10,706,000,000 | 11,580,000,000 | 12,001,000,000 | 11,669,000,000 | 10,513,000,000 |
equity method investments | 6,999,000,000 | 6,795,000,000 | 6,900,000,000 | 7,294,000,000 | 7,095,000,000 | 6,857,000,000 | 6,976,000,000 | 6,821,000,000 | 6,831,000,000 | 6,260,000,000 | 6,521,000,000 | 6,665,000,000 | 6,626,000,000 | 6,466,000,000 | 6,493,000,000 | 5,508,000,000 | 5,514,000,000 | 5,409,000,000 | 5,384,000,000 | 5,424,000,000 | 5,435,000,000 | 5,422,000,000 | 5,462,000,000 | 5,740,000,000 | 5,656,000,000 | 6,898,000,000 | 6,725,000,000 | 6,729,000,000 | 6,558,000,000 | 5,898,000,000 | 4,910,000,000 | 4,838,000,000 | 4,817,000,000 | 4,787,000,000 | 4,769,000,000 | 4,823,000,000 | 4,704,000,000 | 3,827,000,000 | 3,554,000,000 | 3,793,000,000 | 3,807,000,000 | 3,622,000,000 | 1,073,000,000 | 994,000,000 | 902,000,000 | 865,000,000 | 862,000,000 | 690,000,000 | 602,000,000 | 463,000,000 | 417,000,000 | 328,000,000 | 327,000,000 | 321,000,000 | 300,000,000 | 302,000,000 | 302,000,000 | 302,000,000 | 321,000,000 | 323,000,000 |
property, plant and equipment | 37,597,000,000 | 37,397,000,000 | 36,984,000,000 | 34,805,000,000 | 34,943,000,000 | 35,028,000,000 | 34,542,000,000 | 34,686,000,000 | 34,963,000,000 | 35,112,000,000 | 34,690,000,000 | 35,059,000,000 | 35,391,000,000 | 35,657,000,000 | 35,384,000,000 | 37,062,000,000 | 37,145,000,000 | 37,440,000,000 | 37,630,000,000 | 37,996,000,000 | 38,491,000,000 | 39,035,000,000 | 39,757,000,000 | 45,025,000,000 | 45,333,000,000 | 45,615,000,000 | 45,034,000,000 | 45,335,000,000 | 45,091,000,000 | 45,058,000,000 | 27,717,000,000 | 26,931,000,000 | 26,618,000,000 | 26,443,000,000 | 26,036,000,000 | 25,786,000,000 | 25,669,000,000 | 25,765,000,000 | 25,697,000,000 | 25,512,000,000 | 25,319,000,000 | 25,164,000,000 | 16,294,000,000 | 16,283,000,000 | 16,241,000,000 | 16,261,000,000 | 15,999,000,000 | 13,850,000,000 | 13,854,000,000 | 13,921,000,000 | 13,795,000,000 | 13,799,000,000 | 13,850,000,000 | 12,643,000,000 | 12,532,000,000 | 12,414,000,000 | 12,246,000,000 | 12,228,000,000 | 12,026,000,000 | 11,935,000,000 |
goodwill | 9,335,000,000 | 9,354,000,000 | 9,331,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,244,000,000 | 8,256,000,000 | 8,256,000,000 | 8,256,000,000 | 8,256,000,000 | 8,256,000,000 | 8,256,000,000 | 8,256,000,000 | 12,710,000,000 | 12,710,000,000 | 20,040,000,000 | 21,277,000,000 | 20,277,000,000 | 20,229,000,000 | 20,184,000,000 | 3,713,000,000 | 3,586,000,000 | 3,586,000,000 | 3,586,000,000 | 3,586,000,000 | 3,586,000,000 | 3,586,000,000 | 3,587,000,000 | 3,648,000,000 | 3,648,000,000 | 3,649,000,000 | 4,019,000,000 | 1,565,000,000 | 1,566,000,000 | 1,566,000,000 | 1,566,000,000 | 1,537,000,000 | 937,000,000 | 938,000,000 | 938,000,000 | 938,000,000 | 938,000,000 | 930,000,000 | 930,000,000 | 930,000,000 | 925,000,000 | 842,000,000 | 842,000,000 | 842,000,000 | 842,000,000 |
intangibles | 2,658,000,000 | 2,714,000,000 | 2,749,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use assets | 1,507,000,000 | 1,493,000,000 | 1,373,000,000 | 1,399,000,000 | 1,249,000,000 | 1,300,000,000 | 1,192,000,000 | 1,187,000,000 | 1,255,000,000 | 1,233,000,000 | 1,310,000,000 | 1,288,000,000 | 1,269,000,000 | 1,214,000,000 | 1,200,000,000 | 1,276,000,000 | 1,331,000,000 | 1,372,000,000 | 1,424,000,000 | 1,500,000,000 | 1,514,000,000 | 1,521,000,000 | 1,640,000,000 | 2,454,000,000 | 2,562,000,000 | 2,459,000,000 | 2,522,000,000 | 2,588,000,000 | 2,680,000,000 | |||||||||||||||||||||||||||||||
other noncurrent assets | 1,393,000,000 | 1,422,000,000 | 1,273,000,000 | 3,014,000,000 | 2,962,000,000 | 2,982,000,000 | 2,930,000,000 | 2,944,000,000 | 2,975,000,000 | 3,007,000,000 | 2,929,000,000 | 2,973,000,000 | 3,021,000,000 | 3,081,000,000 | 3,088,000,000 | 2,234,000,000 | 2,318,000,000 | 2,400,000,000 | 2,463,000,000 | 2,532,000,000 | 2,594,000,000 | 2,637,000,000 | 2,705,000,000 | 4,021,000,000 | 4,363,000,000 | 3,374,000,000 | 3,442,000,000 | 3,571,000,000 | 3,727,000,000 | 3,777,000,000 | 818,000,000 | 833,000,000 | 818,000,000 | 830,000,000 | 784,000,000 | 809,000,000 | 820,000,000 | 833,000,000 | 849,000,000 | 876,000,000 | 886,000,000 | 839,000,000 | 368,000,000 | 379,000,000 | 420,000,000 | 429,000,000 | 420,000,000 | 303,000,000 | 317,000,000 | 326,000,000 | 322,000,000 | 378,000,000 | 369,000,000 | 300,000,000 | 305,000,000 | 334,000,000 | 336,000,000 | 372,000,000 | 367,000,000 | 351,000,000 |
total assets | 88,187,000,000 | 83,955,000,000 | 83,240,000,000 | 78,484,000,000 | 81,633,000,000 | 78,858,000,000 | 79,833,000,000 | 85,229,000,000 | 85,528,000,000 | 85,987,000,000 | 89,969,000,000 | 86,442,000,000 | 87,037,000,000 | 89,904,000,000 | 89,694,000,000 | 96,737,000,000 | 90,952,000,000 | 85,373,000,000 | 89,300,000,000 | 94,300,000,000 | 86,651,000,000 | 85,158,000,000 | 84,020,000,000 | 84,593,000,000 | 86,317,000,000 | 98,556,000,000 | 98,139,000,000 | 96,896,000,000 | 96,436,000,000 | 92,940,000,000 | 53,031,000,000 | 51,736,000,000 | 50,364,000,000 | 49,047,000,000 | 46,806,000,000 | 45,447,000,000 | 45,821,000,000 | 44,413,000,000 | 43,293,000,000 | 44,133,000,000 | 41,758,000,000 | 43,115,000,000 | 30,161,000,000 | 30,653,000,000 | 30,182,000,000 | 30,460,000,000 | 31,705,000,000 | 29,376,000,000 | 29,159,000,000 | 28,385,000,000 | 29,003,000,000 | 29,695,000,000 | 30,773,000,000 | 27,223,000,000 | 26,583,000,000 | 24,681,000,000 | 25,306,000,000 | 25,745,000,000 | 25,225,000,000 | 23,964,000,000 |
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 17,617,000,000 | 12,974,000,000 | 12,486,000,000 | 13,345,000,000 | 14,748,000,000 | 13,906,000,000 | 12,763,000,000 | 14,865,000,000 | 15,471,000,000 | 13,761,000,000 | 15,839,000,000 | 13,052,000,000 | 13,031,000,000 | 15,312,000,000 | 16,682,000,000 | 22,502,000,000 | 19,791,000,000 | 13,700,000,000 | 12,196,000,000 | 12,170,000,000 | 9,953,000,000 | 7,803,000,000 | 6,701,000,000 | 6,110,000,000 | 8,106,000,000 | 11,623,000,000 | 11,380,000,000 | 10,905,000,000 | 10,568,000,000 | 9,366,000,000 | 8,016,000,000 | 8,113,000,000 | 7,066,000,000 | 8,297,000,000 | 6,159,000,000 | 5,307,000,000 | 5,343,000,000 | 5,593,000,000 | 5,055,000,000 | 5,214,000,000 | 4,083,000,000 | 4,743,000,000 | 4,993,000,000 | 6,225,000,000 | 5,387,000,000 | 6,661,000,000 | 8,726,000,000 | 8,934,000,000 | 9,313,000,000 | 8,234,000,000 | 8,961,000,000 | 8,601,000,000 | 8,872,000,000 | 6,785,000,000 | 6,951,000,000 | 6,155,000,000 | 7,803,000,000 | 8,169,000,000 | 6,974,000,000 | 7,313,000,000 |
payroll and benefits payable | 1,208,000,000 | 1,107,000,000 | 968,000,000 | 756,000,000 | 1,155,000,000 | 1,096,000,000 | 967,000,000 | 766,000,000 | 1,180,000,000 | 1,115,000,000 | 979,000,000 | 712,000,000 | 636,000,000 | 967,000,000 | 773,000,000 | 619,000,000 | 976,000,000 | 911,000,000 | 808,000,000 | 651,000,000 | 501,000,000 | 732,000,000 | 878,000,000 | 815,000,000 | 1,107,000,000 | 1,126,000,000 | 939,000,000 | 778,000,000 | 958,000,000 | 1,152,000,000 | 493,000,000 | 432,000,000 | 337,000,000 | 591,000,000 | 459,000,000 | 395,000,000 | 528,000,000 | 530,000,000 | 439,000,000 | 366,000,000 | 302,000,000 | 503,000,000 | 417,000,000 | 369,000,000 | 474,000,000 | 427,000,000 | 345,000,000 | 286,000,000 | 259,000,000 | 406,000,000 | 341,000,000 | 284,000,000 | 316,000,000 | 364,000,000 | 287,000,000 | 225,000,000 | 261,000,000 | 312,000,000 | 267,000,000 | 222,000,000 |
accrued taxes | 1,632,000,000 | 1,484,000,000 | 1,381,000,000 | 1,414,000,000 | 1,265,000,000 | 1,204,000,000 | 1,302,000,000 | 1,680,000,000 | 1,243,000,000 | 1,221,000,000 | 1,319,000,000 | 1,160,000,000 | 1,617,000,000 | 1,140,000,000 | 1,042,000,000 | 2,584,000,000 | 1,691,000,000 | 1,231,000,000 | 2,114,000,000 | 5,219,000,000 | 1,034,000,000 | 1,105,000,000 | 1,023,000,000 | 1,272,000,000 | 1,098,000,000 | 1,186,000,000 | 1,015,000,000 | 1,223,000,000 | 1,529,000,000 | 1,446,000,000 | 657,000,000 | 713,000,000 | 639,000,000 | 169,000,000 | 361,000,000 | 177,000,000 | 135,000,000 | 153,000,000 | 163,000,000 | 336,000,000 | 145,000,000 | 184,000,000 | 845,000,000 | 517,000,000 | 933,000,000 | 647,000,000 | 586,000,000 | 909,000,000 | 614,000,000 | 513,000,000 | 609,000,000 | 612,000,000 | 965,000,000 | 598,000,000 | 709,000,000 | 604,000,000 | 582,000,000 | 558,000,000 | 983,000,000 | |
debt due within one year | 2,119,000,000 | 2,371,000,000 | 1,612,000,000 | 1,819,000,000 | 4,065,000,000 | 3,049,000,000 | 4,167,000,000 | 4,903,000,000 | 2,457,000,000 | 1,954,000,000 | 819,000,000 | 72,000,000 | 75,000,000 | 1,066,000,000 | 1,064,000,000 | 1,087,000,000 | 1,075,000,000 | 571,000,000 | 73,000,000 | 70,000,000 | 1,786,000,000 | 2,854,000,000 | 2,500,000,000 | 1,715,000,000 | 1,710,000,000 | 711,000,000 | 557,000,000 | 554,000,000 | 550,000,000 | 544,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 624,000,000 | 29,000,000 | 29,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 27,000,000 | 215,000,000 | |||||||||||||||||||
operating lease liabilities | 501,000,000 | 489,000,000 | 441,000,000 | 446,000,000 | 410,000,000 | 417,000,000 | 485,000,000 | 463,000,000 | 472,000,000 | 454,000,000 | 453,000,000 | 423,000,000 | 404,000,000 | 368,000,000 | 355,000,000 | 391,000,000 | 420,000,000 | 438,000,000 | 444,000,000 | 473,000,000 | 475,000,000 | 497,000,000 | 531,000,000 | 625,000,000 | 630,000,000 | 604,000,000 | 586,000,000 | 615,000,000 | 613,000,000 | |||||||||||||||||||||||||||||||
other current liabilities | 1,334,000,000 | 1,253,000,000 | 1,610,000,000 | 1,475,000,000 | 1,082,000,000 | 1,155,000,000 | 1,384,000,000 | 1,323,000,000 | 964,000,000 | 1,645,000,000 | 2,326,000,000 | 2,047,000,000 | 1,294,000,000 | 1,167,000,000 | 1,398,000,000 | 1,254,000,000 | 1,167,000,000 | 1,047,000,000 | 1,263,000,000 | 929,000,000 | 744,000,000 | 822,000,000 | 900,000,000 | 967,000,000 | 918,000,000 | 897,000,000 | 862,000,000 | 815,000,000 | 929,000,000 | 708,000,000 | 442,000,000 | 431,000,000 | 304,000,000 | 296,000,000 | 268,000,000 | 376,000,000 | 350,000,000 | 378,000,000 | 326,000,000 | 359,000,000 | 391,000,000 | 426,000,000 | 309,000,000 | 365,000,000 | 321,000,000 | 354,000,000 | 324,000,000 | 519,000,000 | 265,000,000 | 275,000,000 | 190,000,000 | 315,000,000 | 152,000,000 | 112,000,000 | 77,000,000 | 204,000,000 | 201,000,000 | 180,000,000 | 125,000,000 | 247,000,000 |
total current liabilities | 24,411,000,000 | 19,678,000,000 | 18,728,000,000 | 19,255,000,000 | 22,725,000,000 | 20,827,000,000 | 21,068,000,000 | 24,000,000,000 | 21,787,000,000 | 20,150,000,000 | 21,735,000,000 | 17,466,000,000 | 17,057,000,000 | 20,020,000,000 | 21,314,000,000 | 28,437,000,000 | 25,120,000,000 | 17,898,000,000 | 16,898,000,000 | 19,512,000,000 | 16,085,000,000 | 15,663,000,000 | 14,246,000,000 | 11,504,000,000 | 13,569,000,000 | 16,147,000,000 | 15,339,000,000 | 14,890,000,000 | 15,147,000,000 | 13,216,000,000 | 9,634,000,000 | 9,715,000,000 | 8,372,000,000 | 10,478,000,000 | 7,647,000,000 | 6,758,000,000 | 6,866,000,000 | 7,146,000,000 | 6,340,000,000 | 6,782,000,000 | 5,595,000,000 | 6,345,000,000 | 7,686,000,000 | 8,725,000,000 | 8,346,000,000 | 8,579,000,000 | 10,372,000,000 | 11,055,000,000 | 10,846,000,000 | 9,824,000,000 | 10,401,000,000 | 10,241,000,000 | 10,728,000,000 | 8,203,000,000 | 8,308,000,000 | 7,568,000,000 | 9,201,000,000 | 9,591,000,000 | 8,612,000,000 | 8,549,000,000 |
long-term debt | 30,706,000,000 | 30,505,000,000 | 31,232,000,000 | 26,835,000,000 | 26,845,000,000 | 24,432,000,000 | 24,053,000,000 | 24,034,000,000 | 24,832,000,000 | 25,329,000,000 | 26,463,000,000 | 27,211,000,000 | 27,205,000,000 | 25,634,000,000 | 25,638,000,000 | 25,687,000,000 | 25,634,000,000 | 24,968,000,000 | 27,270,000,000 | 28,250,000,000 | 30,694,000,000 | 28,730,000,000 | 29,377,000,000 | 30,451,000,000 | 29,899,000,000 | 28,127,000,000 | 28,282,000,000 | 27,853,000,000 | 27,565,000,000 | 26,980,000,000 | 18,423,000,000 | 17,241,000,000 | 17,232,000,000 | 12,322,000,000 | 12,753,000,000 | 12,577,000,000 | 12,570,000,000 | 10,544,000,000 | 10,538,000,000 | 11,032,000,000 | 11,351,000,000 | 11,896,000,000 | 5,912,000,000 | 5,918,000,000 | 5,967,000,000 | 6,610,000,000 | 6,238,000,000 | 3,612,000,000 | 3,635,000,000 | 3,373,000,000 | 3,380,000,000 | 3,387,000,000 | 3,394,000,000 | 3,342,000,000 | 3,329,000,000 | 3,316,000,000 | 3,304,000,000 | 3,292,000,000 | 3,285,000,000 | 3,262,000,000 |
deferred income taxes | 5,995,000,000 | 5,984,000,000 | 5,964,000,000 | 5,718,000,000 | 5,759,000,000 | 5,771,000,000 | 5,766,000,000 | 5,810,000,000 | 5,831,000,000 | 5,834,000,000 | 5,813,000,000 | 5,913,000,000 | 5,893,000,000 | 5,904,000,000 | 5,610,000,000 | 5,542,000,000 | 5,571,000,000 | 5,638,000,000 | 5,545,000,000 | 5,704,000,000 | 6,215,000,000 | 6,203,000,000 | 5,703,000,000 | 5,914,000,000 | 5,772,000,000 | 6,392,000,000 | 6,180,000,000 | 5,235,000,000 | 5,011,000,000 | 4,864,000,000 | 3,206,000,000 | 3,144,000,000 | 3,120,000,000 | 2,654,000,000 | 3,935,000,000 | 3,923,000,000 | 3,888,000,000 | 3,861,000,000 | 3,682,000,000 | 3,520,000,000 | 3,356,000,000 | 3,285,000,000 | 1,942,000,000 | 2,011,000,000 | 2,019,000,000 | 2,014,000,000 | 2,165,000,000 | 2,170,000,000 | 2,290,000,000 | 2,304,000,000 | 2,228,000,000 | 2,187,000,000 | 2,094,000,000 | 2,050,000,000 | 1,954,000,000 | 1,823,000,000 | 1,509,000,000 | 1,310,000,000 | 1,473,000,000 | 436,000,000 |
defined benefit postretirement plan obligations | 1,231,000,000 | 1,173,000,000 | 1,132,000,000 | 1,231,000,000 | 1,176,000,000 | 1,157,000,000 | 1,191,000,000 | 1,228,000,000 | 1,182,000,000 | 1,102,000,000 | 971,000,000 | 1,181,000,000 | 1,147,000,000 | 1,114,000,000 | 1,305,000,000 | 1,133,000,000 | 1,063,000,000 | 1,015,000,000 | 1,354,000,000 | 1,850,000,000 | 1,958,000,000 | 2,121,000,000 | 1,816,000,000 | 1,772,000,000 | 1,703,000,000 | 1,643,000,000 | 1,487,000,000 | 1,610,000,000 | 1,567,000,000 | 1,509,000,000 | 1,045,000,000 | 1,156,000,000 | 1,126,000,000 | 1,099,000,000 | 1,029,000,000 | 998,000,000 | 1,085,000,000 | 1,055,000,000 | 1,174,000,000 | 1,242,000,000 | 1,216,000,000 | 1,179,000,000 | 1,139,000,000 | 1,143,000,000 | 1,123,000,000 | 1,099,000,000 | 937,000,000 | 906,000,000 | 855,000,000 | 771,000,000 | 895,000,000 | 929,000,000 | 1,214,000,000 | 1,266,000,000 | 1,270,000,000 | 1,348,000,000 | 1,809,000,000 | 1,783,000,000 | 1,522,000,000 | 1,489,000,000 |
long-term operating lease liabilities | 1,000,000,000 | 993,000,000 | 918,000,000 | 935,000,000 | 817,000,000 | 860,000,000 | 691,000,000 | 711,000,000 | 770,000,000 | 764,000,000 | 848,000,000 | 859,000,000 | 858,000,000 | 841,000,000 | 839,000,000 | 879,000,000 | 905,000,000 | 927,000,000 | 975,000,000 | 1,020,000,000 | 1,007,000,000 | 1,014,000,000 | 1,116,000,000 | 1,850,000,000 | 1,949,000,000 | 1,875,000,000 | 1,962,000,000 | 2,068,000,000 | 2,153,000,000 | |||||||||||||||||||||||||||||||
deferred credits and other liabilities | 1,417,000,000 | 1,536,000,000 | 1,377,000,000 | 1,246,000,000 | 1,246,000,000 | 1,305,000,000 | 1,352,000,000 | 1,358,000,000 | 1,355,000,000 | 1,409,000,000 | 1,341,000,000 | 1,244,000,000 | 1,214,000,000 | 1,304,000,000 | 1,213,000,000 | 1,390,000,000 | 1,360,000,000 | 1,346,000,000 | 1,294,000,000 | 1,271,000,000 | 1,213,000,000 | 1,207,000,000 | 1,248,000,000 | 1,285,000,000 | 1,229,000,000 | 1,265,000,000 | 1,265,000,000 | 1,174,000,000 | 1,131,000,000 | 1,318,000,000 | 689,000,000 | 659,000,000 | 651,000,000 | 666,000,000 | 640,000,000 | 627,000,000 | 615,000,000 | 604,000,000 | 602,000,000 | 629,000,000 | 746,000,000 | 735,000,000 | 557,000,000 | 566,000,000 | 747,000,000 | 768,000,000 | 727,000,000 | 596,000,000 | 775,000,000 | 781,000,000 | 835,000,000 | 754,000,000 | 931,000,000 | 257,000,000 | 255,000,000 | 300,000,000 | 267,000,000 | 264,000,000 | 284,000,000 | 304,000,000 |
total liabilities | 64,760,000,000 | 59,869,000,000 | 59,351,000,000 | 55,220,000,000 | 58,568,000,000 | 54,352,000,000 | 54,121,000,000 | 57,141,000,000 | 55,757,000,000 | 54,588,000,000 | 57,171,000,000 | 53,874,000,000 | 53,374,000,000 | 54,817,000,000 | 55,919,000,000 | 63,068,000,000 | 59,653,000,000 | 51,792,000,000 | 53,336,000,000 | 57,607,000,000 | 57,172,000,000 | 54,938,000,000 | 53,506,000,000 | 52,776,000,000 | 54,121,000,000 | 55,449,000,000 | 54,515,000,000 | 52,830,000,000 | 52,574,000,000 | 47,887,000,000 | 32,997,000,000 | 31,915,000,000 | 30,501,000,000 | 27,219,000,000 | 26,004,000,000 | 24,883,000,000 | 25,024,000,000 | 23,210,000,000 | 22,336,000,000 | 23,205,000,000 | 22,264,000,000 | 23,440,000,000 | 17,236,000,000 | 18,363,000,000 | 18,202,000,000 | 19,070,000,000 | 20,439,000,000 | 18,339,000,000 | 18,401,000,000 | 17,053,000,000 | 17,739,000,000 | 17,498,000,000 | 18,361,000,000 | 15,118,000,000 | 15,116,000,000 | 14,355,000,000 | 16,090,000,000 | 16,240,000,000 | 15,176,000,000 | 14,987,000,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 995 million and 994 million shares | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 702 million and 699 million shares | -56,783,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 33,668,000,000 | 33,685,000,000 | 33,695,000,000 | 33,658,000,000 | 33,668,000,000 | 33,624,000,000 | 33,630,000,000 | 33,635,000,000 | 33,530,000,000 | 33,465,000,000 | 33,426,000,000 | 33,411,000,000 | 33,408,000,000 | 33,402,000,000 | 33,363,000,000 | 33,378,000,000 | 33,327,000,000 | 33,262,000,000 | 33,256,000,000 | 33,238,000,000 | 33,222,000,000 | 33,208,000,000 | 33,183,000,000 | 33,208,000,000 | 33,169,000,000 | 33,157,000,000 | 33,125,000,000 | 33,785,000,000 | 33,764,000,000 | 33,729,000,000 | 13,703,000,000 | 13,688,000,000 | 13,669,000,000 | 11,262,000,000 | 11,236,000,000 | 11,185,000,000 | 11,159,000,000 | 11,060,000,000 | 11,005,000,000 | 10,996,000,000 | 10,982,000,000 | 11,071,000,000 | 9,929,000,000 | 9,912,000,000 | 9,890,000,000 | 9,844,000,000 | 9,833,000,000 | 9,822,000,000 | 9,803,000,000 | 9,768,000,000 | 9,748,000,000 | 9,737,000,000 | 9,676,000,000 | 9,527,000,000 | 9,563,000,000 | 9,426,000,000 | 9,410,000,000 | 9,482,000,000 | 9,584,000,000 | 9,569,000,000 |
retained earnings | 39,966,000,000 | 39,751,000,000 | 38,517,000,000 | 37,424,000,000 | 36,489,000,000 | 36,848,000,000 | 36,771,000,000 | 36,423,000,000 | 35,199,000,000 | 34,562,000,000 | 33,424,000,000 | 30,442,000,000 | 28,528,000,000 | 26,142,000,000 | 23,175,000,000 | 18,983,000,000 | 13,420,000,000 | 12,905,000,000 | 12,484,000,000 | 12,160,000,000 | 4,029,000,000 | 4,650,000,000 | 4,744,000,000 | 6,008,000,000 | 6,380,000,000 | 15,990,000,000 | 15,891,000,000 | 15,146,000,000 | 14,391,000,000 | 14,755,000,000 | 14,119,000,000 | 13,589,000,000 | 12,745,000,000 | 12,864,000,000 | 11,044,000,000 | 10,344,000,000 | 10,046,000,000 | 10,206,000,000 | 10,169,000,000 | 10,215,000,000 | 9,584,000,000 | 9,752,000,000 | 9,736,000,000 | 8,959,000,000 | 8,269,000,000 | 7,515,000,000 | 6,856,000,000 | 6,325,000,000 | 5,591,000,000 | 5,507,000,000 | 5,007,000,000 | 4,969,000,000 | 4,489,000,000 | 3,880,000,000 | 3,241,000,000 | 2,136,000,000 | 1,407,000,000 | 898,000,000 | 1,062,000,000 | |
accumulated other comprehensive loss | -108,000,000 | -105,000,000 | -109,000,000 | -108,000,000 | -109,000,000 | -114,000,000 | -158,000,000 | -152,000,000 | -143,000,000 | -179,000,000 | -65,000,000 | -74,000,000 | -67,000,000 | -344,000,000 | -340,000,000 | -511,000,000 | -512,000,000 | -334,000,000 | -336,000,000 | -326,000,000 | -320,000,000 | -212,000,000 | -161,000,000 | -151,000,000 | -144,000,000 | -168,000,000 | -233,000,000 | -233,000,000 | -231,000,000 | -239,000,000 | -236,000,000 | -237,000,000 | -234,000,000 | -327,000,000 | -321,000,000 | -318,000,000 | -318,000,000 | -312,000,000 | -309,000,000 | -313,000,000 | -313,000,000 | -228,000,000 | -218,000,000 | -205,000,000 | -204,000,000 | -205,000,000 | -254,000,000 | -382,000,000 | -464,000,000 | -489,000,000 | -497,000,000 | -862,000,000 | -879,000,000 | -601,000,000 | -596,000,000 | |||||
total mpc stockholders’ equity | 16,753,000,000 | 17,314,000,000 | 17,097,000,000 | 16,624,000,000 | 16,396,000,000 | 17,745,000,000 | 18,933,000,000 | 21,324,000,000 | 22,922,000,000 | 24,404,000,000 | 25,862,000,000 | 25,714,000,000 | 26,858,000,000 | 27,715,000,000 | 26,304,000,000 | 26,306,000,000 | 23,972,000,000 | 26,206,000,000 | 28,280,000,000 | 28,921,000,000 | 21,592,000,000 | 22,199,000,000 | 22,453,000,000 | 23,741,000,000 | 24,088,000,000 | 33,694,000,000 | 33,738,000,000 | 34,207,000,000 | 33,951,000,000 | 35,175,000,000 | 15,166,000,000 | 14,958,000,000 | 14,988,000,000 | 14,033,000,000 | 12,930,000,000 | 12,636,000,000 | 13,070,000,000 | 13,557,000,000 | 13,395,000,000 | 13,490,000,000 | 12,902,000,000 | 13,237,000,000 | 12,277,000,000 | 11,643,000,000 | 11,338,000,000 | 10,751,000,000 | 10,849,000,000 | 10,620,000,000 | 10,344,000,000 | 10,920,000,000 | 10,851,000,000 | 11,784,000,000 | 12,000,000,000 | 11,694,000,000 | ||||||
noncontrolling interests | 6,674,000,000 | 6,772,000,000 | 6,792,000,000 | 6,640,000,000 | 6,669,000,000 | 6,558,000,000 | 6,576,000,000 | 6,562,000,000 | 6,288,000,000 | 6,100,000,000 | 5,966,000,000 | 5,886,000,000 | 5,837,000,000 | 6,404,000,000 | 6,504,000,000 | 6,398,000,000 | 6,362,000,000 | 6,410,000,000 | 6,698,000,000 | 6,804,000,000 | 6,919,000,000 | 7,053,000,000 | 7,093,000,000 | 7,108,000,000 | 7,140,000,000 | 8,445,000,000 | 8,918,000,000 | 8,854,000,000 | 8,907,000,000 | 8,874,000,000 | 3,865,000,000 | 3,860,000,000 | 3,875,000,000 | 6,795,000,000 | 6,872,000,000 | 6,928,000,000 | 6,727,000,000 | 6,646,000,000 | 6,562,000,000 | 6,445,000,000 | 6,592,000,000 | 6,438,000,000 | 648,000,000 | 647,000,000 | 642,000,000 | 639,000,000 | 417,000,000 | 417,000,000 | 414,000,000 | 412,000,000 | 413,000,000 | 413,000,000 | 412,000,000 | 411,000,000 | ||||||
total equity | 23,427,000,000 | 24,086,000,000 | 23,889,000,000 | 23,264,000,000 | 23,065,000,000 | 24,303,000,000 | 25,509,000,000 | 27,886,000,000 | 29,210,000,000 | 30,504,000,000 | 31,828,000,000 | 31,600,000,000 | 32,695,000,000 | 34,119,000,000 | 32,808,000,000 | 32,704,000,000 | 30,334,000,000 | 32,616,000,000 | 34,978,000,000 | 35,725,000,000 | 28,511,000,000 | 29,252,000,000 | 29,546,000,000 | 30,849,000,000 | 31,228,000,000 | 42,139,000,000 | 42,656,000,000 | 43,061,000,000 | 42,858,000,000 | 44,049,000,000 | 19,031,000,000 | 18,818,000,000 | 18,863,000,000 | 20,828,000,000 | 19,802,000,000 | 19,564,000,000 | 19,797,000,000 | 20,203,000,000 | 19,957,000,000 | 19,935,000,000 | 19,494,000,000 | 19,675,000,000 | 12,925,000,000 | 12,290,000,000 | 11,980,000,000 | 11,390,000,000 | 11,266,000,000 | 11,037,000,000 | 10,758,000,000 | 11,332,000,000 | 11,264,000,000 | 12,197,000,000 | 12,412,000,000 | 12,105,000,000 | ||||||
total liabilities and equity | 88,187,000,000 | 41,758,000,000 | 43,115,000,000 | 30,161,000,000 | 30,653,000,000 | 30,182,000,000 | 30,460,000,000 | 31,705,000,000 | 29,376,000,000 | 29,159,000,000 | 28,385,000,000 | 29,003,000,000 | 29,695,000,000 | 30,773,000,000 | 27,223,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for expected credit loss of 20 and 73, respectively | 10,317,000,000 | 10,487,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interest | 203,000,000 | 203,000,000 | 202,000,000 | 561,000,000 | 895,000,000 | 970,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 967,000,000 | 965,000,000 | 965,000,000 | 965,000,000 | 986,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 1,005,000,000 | 1,004,000,000 | 1,004,000,000 | 1,003,000,000 | 1,003,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 993,000,000 | |||||||||||||||||||||||||
issued – 994 million and 994 million shares | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 699 million and 678 million shares | -56,027,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable noncontrolling interest and equity | 83,955,000,000 | 83,240,000,000 | 78,484,000,000 | 81,633,000,000 | 78,858,000,000 | 79,833,000,000 | 85,229,000,000 | 85,528,000,000 | 85,987,000,000 | 89,969,000,000 | 86,442,000,000 | 87,037,000,000 | 89,904,000,000 | 89,694,000,000 | 96,737,000,000 | 90,952,000,000 | 85,373,000,000 | 89,300,000,000 | 94,300,000,000 | 86,651,000,000 | 85,158,000,000 | 84,020,000,000 | 84,593,000,000 | 86,317,000,000 | 98,556,000,000 | 98,139,000,000 | 96,896,000,000 | 96,436,000,000 | 92,940,000,000 | 53,031,000,000 | 51,736,000,000 | 50,364,000,000 | 49,047,000,000 | 46,806,000,000 | 45,447,000,000 | 45,821,000,000 | 44,413,000,000 | 43,293,000,000 | 44,133,000,000 | |||||||||||||||||||||
assets held for sale | 1,034,000,000 | 20,000,000 | 11,167,000,000 | 11,389,000,000 | 11,069,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 230,000,000 | 1,592,000,000 | 1,850,000,000 | 1,713,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 693 million and 678 million shares | -55,016,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for expected credit loss of 22 and 73, respectively | 11,128,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 690 million and 678 million shares | -54,360,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 31 and 73, respectively | 12,114,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 685 million and 678 million shares | -53,662,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 1,141,000,000 | 4,058,000,000 | 4,399,000,000 | 4,781,000,000 | 4,604,000,000 | 4,109,000,000 | 3,492,000,000 | 3,145,000,000 | 3,759,000,000 | 4,241,000,000 | 3,449,000,000 | 5,548,000,000 | 7,352,000,000 | 5,418,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 73 and 44, respectively | 11,145,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 994 million and 993 million shares | 10,000,000 | 10,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 678 million and 625 million shares | -52,623,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 72 and 44, respectively | 10,180,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 669 million and 625 million shares | -51,320,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 50 and 44, respectively | 12,307,000,000 | 13,171,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 653 million and 625 million shares | -48,592,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 993 million and 993 million shares | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 638 million and 625 million shares | -45,674,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 44 and 29, respectively | 11,619,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 993 million and 990 million shares | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 625 million and 536 million shares | -43,502,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -131,000,000 | -49,000,000 | -30,000,000 | -9,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 43 and 29, respectively | 12,469,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 607 million and 536 million shares | -40,949,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 54 and 29, respectively | 10,274,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 992 million and 990 million shares | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 587 million and 536 million shares | -38,119,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 32 and 29, respectively | 10,143,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 991 million and 990 million shares | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 561 million and 536 million shares | -35,079,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 29 and 40, respectively | 13,477,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 990 million and 984 million shares | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 536 million and 405 million shares | -31,841,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 39 and 40, respectively | 13,458,000,000 | 17,305,000,000 | 15,661,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 989 million and 984 million shares | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 520 million and 405 million shares | -30,065,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 476 million and 405 million shares | -26,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 987 million and 984 million shares | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 442 million and 405 million shares | -22,711,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 40 and 18, respectively | 11,034,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 984 million and 980 million shares | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 405 million and 329 million shares | -19,904,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 43 and 18, respectively | 9,511,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mpc stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 983 million and 980 million shares | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 361 million and 329 million shares | -17,126,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 44 and 18, respectively | 9,771,000,000 | 7,468,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 345 million and 329 million shares | -16,147,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 981 million and 980 million shares | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 329 million and 329 million shares | -15,158,000,000 | -15,157,000,000 | -15,150,000,000 | -15,149,000,000 | -15,145,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 18 and 17, respectively | 5,760,000,000 | 4,361,000,000 | 5,583,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 980 million and 978 million shares | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 22 and 17, respectively | 4,911,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 979 million and 978 million shares | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 17 and 9, respectively | 7,872,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 978 million and 975 million shares | 10,000,000 | 10,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 329 million and 295 million shares | -15,143,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 21 and 9, respectively | 7,461,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 328 million and 295 million shares | -15,076,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 10 and 9, respectively | 7,603,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 318 million and 295 million shares | -14,573,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 9 and 9, respectively | 6,893,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 976 million and 975 million shares | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 309 million and 295 million shares | -14,063,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 9 and 11, respectively | 5,853,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 975 million and 734 million shares | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 295 million and 248 million shares | -13,175,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 10 and 11 | 5,408,000,000 | 4,919,000,000 | 4,613,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 735 million and 734 million shares | 7,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 284 million and 248 million shares | -12,495,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 279 million and 248 million shares | -12,093,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 734 million and 734 million shares | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 267 million and 248 million shares | -11,200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 11 and 12 | 4,695,000,000 | 2,602,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consumer excise taxes payable | 501,000,000 | 371,000,000 | 474,000,000 | 482,000,000 | 464,000,000 | 329,000,000 | 480,000,000 | 459,000,000 | 460,000,000 | 342,000,000 | 469,000,000 | 455,000,000 | 463,000,000 | 365,000,000 | 381,000,000 | 371,000,000 | 373,000,000 | 277,000,000 | 406,000,000 | 401,000,000 | 325,000,000 | 264,000,000 | 361,000,000 | 337,000,000 | 337,000,000 | 235,000,000 | 303,000,000 | |||||||||||||||||||||||||||||||||
issued – 734 million and 731 million shares | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 248 million and 203 million shares | -9,869,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 10 and 12 | 3,900,000,000 | 3,259,000,000 | 3,284,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 733 million and 731 million shares | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 235 million and 203 million shares | -9,118,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 732 million and 731 million shares | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 226 million and 203 million shares | -8,664,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 731 million and 731 million shares | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 212 million and 203 million shares | -7,905,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 12 and 12 | 3,617,000,000 | 3,136,000,000 | 3,199,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 731 million and 729 million shares | 7,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 203 million and 198 million shares | -7,482,000,000 | -7,459,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 730 million and 729 million shares | 7,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 202 million and 198 million shares | -7,407,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 200 million and 198 million shares | -7,353,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 12 and 13 | 2,927,000,000 | 3,364,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt due within one year | 29,000,000 | 780,000,000 | 780,000,000 | 776,000,000 | 27,000,000 | 26,000,000 | 26,000,000 | 24,000,000 | 23,000,000 | 23,000,000 | 23,000,000 | 22,000,000 | 19,000,000 | 20,000,000 | 19,000,000 | 17,000,000 | 15,000,000 | 14,000,000 | 12,000,000 | |||||||||||||||||||||||||||||||||||||||||
issued – 729 million and 726 million shares | 7,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 198 million and 179 million shares | -7,275,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 35 and 13 | 3,124,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 195 million and 179 million shares | -7,083,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 30 and 13 | 3,876,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 728 million and 726 million shares | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 191 million and 179 million shares | -6,926,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 364 million and 363 million shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 92 million and 89 million shares | -6,512,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 13 and 9 | 4,058,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued – 363 million and 362 million shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost – 89 million and 65 million shares | -6,299,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 10 and 9 | 5,271,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued - 363 million and 362 million shares | 4,000,000 | 4,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost - 82 million and 65 million shares | -5,616,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 9 and 9 | 5,725,000,000 | 5,420,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost - 78 million and 65 million shares | -5,313,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost - 73 million and 65 million shares | -4,849,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 9 and 10 | 5,559,000,000 | 5,593,000,000 | 6,163,000,000 | 5,509,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued - 362 million and 361 million shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost - 65 million and 28 million shares | -4,155,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued—362 million and 361 million shares | 4,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost—59 million and 28 million shares | -3,703,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost—45 million and 28 million shares | -2,672,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued—361 million and 361 million shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost—34 million and 28 million shares | -1,787,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 10 and 3 | 4,610,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued - 361 million and 357 million shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost - 28 million shares at december 31, 2012 | -1,253,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 2 and 3 | 5,101,000,000 | 4,708,000,000 | 5,867,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued—359 million and 357 million shares | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost—20 million shares at september 30, 2012 | -852,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 11,467,000,000 | 10,326,000,000 | 9,216,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 26,583,000,000 | 24,681,000,000 | 25,306,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued—358 million and 357 million shares | 4,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost—18 million shares at june 30, 2012 | -743,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held in treasury, at cost—18 million shares at march 31, 2012 | -743,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
related party debt securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 3 and 4 | 5,459,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from related parties | 2,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payables to related parties | 20,000,000 | 14,000,000 | 16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt payable within one year to marathon oil and subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt payable to marathon oil and subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity / net investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock - no shares issued and outstanding at december 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - 357 million shares issued and outstanding at december 31, 2011 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity / net investment | 9,505,000,000 | 10,049,000,000 | 8,977,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity / net investment | 25,745,000,000 | 25,225,000,000 | 23,964,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, less allowance for doubtful accounts of 4 and 4 | 4,913,000,000 | 5,041,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock - no shares issued and outstanding at september 30, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - 357 million shares issued and outstanding at september 30, 2011 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock - 0 shares issued at june 30, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - 356 million shares issued at june 30, 2011 | 4,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 851,000,000 | 1,979,000,000 | 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 | 10,000,000 | 9,000,000 | 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 | 809,000,000 | 828,000,000 | 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 | 55,000,000 | 52,000,000 | -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 | 19,000,000 | 31,000,000 | 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 |
income from equity method investments | -176,000,000 | -204,000,000 | -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 | 273,000,000 | 398,000,000 | 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 | -318,000,000 | 29,000,000 | 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 | -4,302,000,000 | 184,000,000 | 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 | -635,000,000 | -311,000,000 | 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 | 4,677,000,000 | 428,000,000 | -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 | 5,000,000 | 3,000,000 | 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 | -147,000,000 | 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 | 1,121,000,000 | 3,069,000,000 | 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 |
capital expenditures | -913,000,000 | -1,181,000,000 | -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 | 208,000,000 | 1,888,000,000 | 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 | -913,000,000 | -1,181,000,000 | -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 | 14,000,000 | 0 | -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 | 5,000,000 | 985,000,000 | 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 | -302,000,000 | -243,000,000 | -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 | 150,000,000 | 511,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -1,047,000,000 | -214,000,000 | -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 | 3,864,000,000 | 0 | 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 | -3,864,000,000 | -210,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt – borrowings | 1,489,000,000 | 0 | 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 | -1,538,000,000 | -25,000,000 | -1,463,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | -15,000,000 | 0 | -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 | 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 | -750,000,000 | -1,001,000,000 | -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 | -295,000,000 | -300,000,000 | -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 | -407,000,000 | -409,000,000 | -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 | -50,000,000 | -100,000,000 | -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 | -1,596,000,000 | -1,836,000,000 | 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 | -1,522,000,000 | 1,019,000,000 | 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 | 3,673,000,000 | 0 | 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 | 2,151,000,000 | 1,019,000,000 | 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 | |||||||||||||||||||||||||||||||||||||
net gain on disposal of assets | -169,000,000 | 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 | |||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||
commercial paper– repayments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of noncontrolling interests - preferred units | 0 | 0 | 0 | -600,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loss from equity method investments | -91,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations - beginning of period | 0 | 0 | 5,294,000,000 | 416,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations - beginning of period | 140,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: discontinued operations - end of period | 134,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations - end of period | -1,700,000,000 | 1,932,000,000 | 7,151,000,000 | 625,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effects of businesses acquired: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) income from equity method investments | -152,000,000 | -122,000,000 | -82,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 |