Marathon Petroleum Corp
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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.
Jun 30, 2025 · Filed Aug 5, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
21. Pension and Other Postretirement Benefits
- Pension and Other Postretirement Benefits
The following summarizes the components of net periodic benefit costs:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (Millions of dollars) | 2025 | 2024 | 2025 | 2024 |
| Pension Benefits | ||||
| Service cost | $57 | $53 | $112 | $107 |
| Interest cost | 35 | 31 | 72 | 61 |
| Expected return on plan assets | (35) | (37) | (72) | (74) |
| Amortization of prior service credit | (2) | (8) | (4) | (16) |
| Amortization of actuarial loss | 4 | 1 | 8 | 2 |
| Settlement loss | 1 | — | 1 | — |
| Net periodic pension benefit cost | $60 | $40 | $117 | $80 |
| Other Benefits | ||||
| Service cost | $5 | $5 | $10 | $10 |
| Interest cost | 8 | 8 | 17 | 16 |
| Amortization of prior service credit | (5) | (6) | (11) | (11) |
| Net periodic other benefit cost | $8 | $7 | $16 | $15 |
The components of net periodic benefit cost, other than the service cost component, are included in net interest and other financial costs on the consolidated statements of income.
During the six months ended June 30, 2025, we made contributions of $36 million to our funded pension plans. Benefit payments related to unfunded pension and other postretirement benefit plans were $4 million and $26 million, respectively, during the six months ended June 30, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.