Marathon Petroleum Corp
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
MPC$389.88+4.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (Millions of dollars, except share data) | 2023 | 2022 |
| Assets | ||
| Cash and cash equivalents | $5,443 | $8,625 |
| Short-term investments | 4,781 | 3,145 |
| Receivables, less allowance for doubtful accounts of $44 and $29, respectively | 11,619 | 13,477 |
| Inventories | 9,317 | 8,827 |
| Other current assets | 971 | 1,168 |
| Total current assets | 32,131 | 35,242 |
| Equity method investments | 6,260 | 6,466 |
| Property, plant and equipment, net | 35,112 | 35,657 |
| Goodwill | 8,244 | 8,244 |
| Right of use assets | 1,233 | 1,214 |
| Other noncurrent assets | 3,007 | 3,081 |
| Total assets | $85,987 | $89,904 |
| Liabilities | ||
| Accounts payable | $13,761 | $15,312 |
| Payroll and benefits payable | 1,115 | 967 |
| Accrued taxes | 1,221 | 1,140 |
| Debt due within one year | 1,954 | 1,066 |
| Operating lease liabilities | 454 | 368 |
| Other current liabilities | 1,645 | 1,167 |
| Total current liabilities | 20,150 | 20,020 |
| Long-term debt | 25,329 | 25,634 |
| Deferred income taxes | 5,834 | 5,904 |
| Defined benefit postretirement plan obligations | 1,102 | 1,114 |
| Long-term operating lease liabilities | 764 | 841 |
| Deferred credits and other liabilities | 1,409 | 1,304 |
| Total liabilities | 54,588 | 54,817 |
| Commitments and contingencies (see Note 28) | ||
| Redeemable noncontrolling interest | 895 | 968 |
| Equity | ||
| Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized) | — | — |
| Common stock: | ||
| Issued – 993 million and 990 million shares (par value $0.01 per share, 2 billion shares authorized) | 10 | 10 |
| Held in treasury, at cost – 625 million and 536 million shares | (43,502) | (31,841) |
| Additional paid-in capital | 33,465 | 33,402 |
| Retained earnings | 34,562 | 26,142 |
| Accumulated other comprehensive income (loss) | (131) | 2 |
| Total MPC stockholders’ equity | 24,404 | 27,715 |
| Noncontrolling interests | 6,100 | 6,404 |
| Total equity | 30,504 | 34,119 |
| Total liabilities, redeemable noncontrolling interest and equity | $85,987 | $89,904 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.