Marathon Petroleum Corp
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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.
Mar 31, 2026 · Filed May 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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20. Accumulated Other Comprehensive Income (Loss)
- Accumulated Other Comprehensive Income (Loss)
The following table shows the changes in accumulated other comprehensive income (loss) by component. Amounts in parentheses indicate debits.
| (Millions of dollars) | Pension Benefits | Other Benefits | Other | Total |
|---|---|---|---|---|
| Balance as of December 31, 2025 | $(209) | $105 | $(1) | $(105) |
| Other comprehensive loss before reclassifications, net of tax of $0 | — | (1) | — | (1) |
| Amounts reclassified from accumulated other comprehensive income (loss): | ||||
| Amortization of prior service credit(a) | (2) | (5) | — | (7) |
| Amortization of actuarial loss(a) | 4 | — | — | 4 |
| Tax effect | — | 1 | — | 1 |
| Other comprehensive income (loss) | 2 | (5) | — | (3) |
| Balance as of March 31, 2026 | $(207) | $100 | $(1) | $(108) |
| (Millions of dollars) | Pension Benefits | Other Benefits | Other | Total |
|---|---|---|---|---|
| Balance as of December 31, 2024 | $(235) | $122 | $(1) | $(114) |
| Other comprehensive income before reclassifications, net of tax of $2 | 5 | 3 | — | 8 |
| Amounts reclassified from accumulated other comprehensive income (loss): | ||||
| Amortization of prior service credit(a) | (2) | (6) | — | (8) |
| Amortization of actuarial loss(a) | 4 | — | — | 4 |
| Tax effect | — | 1 | — | 1 |
| Other comprehensive income (loss) | 7 | (2) | — | 5 |
| Balance as of March 31, 2025 | $(228) | $120 | $(1) | $(109) |
(a)These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost. See Note 21.
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