Marathon Petroleum Corp
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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3. Short-Term Investments
- Short-Term Investments
Investments Components
The components of investments were as follows:
| (Millions of dollars) | Fair Value Level | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value | Cash and Cash Equivalents | Short-term Investments |
|---|---|---|---|---|---|---|---|
| Available-for-sale debt securities | |||||||
| Commercial paper | Level 2 | $813 | $— | $— | $813 | $64 | $749 |
| Certificates of deposit and time deposits | Level 2 | 1,284 | — | — | 1,284 | 1,000 | 284 |
| U.S. government securities | Level 1 | 89 | — | — | 89 | — | 89 |
| Corporate notes and bonds | Level 2 | 19 | — | — | 19 | — | 19 |
| Total available-for-sale debt securities | $2,205 | $— | $— | $2,205 | $1,064 | $1,141 | |
| Cash | 2,938 | 2,938 | — | ||||
| Total | $5,143 | $4,002 | $1,141 | ||||
| (Millions of dollars) | Fair Value Level | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value | Cash and Cash Equivalents | Short-term Investments |
|---|---|---|---|---|---|---|---|
| Available-for-sale debt securities | |||||||
| Commercial paper | Level 2 | $3,154 | $2 | $— | $3,156 | $281 | $2,875 |
| Certificates of deposit and time deposits | Level 2 | 1,836 | 1 | — | 1,837 | 800 | 1,037 |
| U.S. government securities | Level 1 | 785 | — | (1) | 784 | — | 784 |
| Corporate notes and bonds | Level 2 | 85 | — | — | 85 | — | 85 |
| Total available-for-sale debt securities | $5,860 | $3 | $(1) | $5,862 | $1,081 | $4,781 | |
| Cash | 4,362 | 4,362 | — | ||||
| Total | $10,224 | $5,443 | $4,781 | ||||
Our investment policy includes concentration limits and credit rating requirements, which limit our investments to high quality, short term and highly liquid securities.
Realized gains/losses were not material. All of our available-for-sale debt securities held as of September 30, 2024 mature within one year or less or are readily available for use.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.