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Debt
6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Debt

17. Debt

Our outstanding borrowings at June 30, 2013 and December 31, 2012 consisted of the following:

 

                                             

(In millions)

   June 30,
2013
    December 31,
2012
 

Marathon Petroleum Corporation:

    

Revolving credit agreement due 2017

   $ —        $ —     

3.500% senior notes due March 1, 2016

     750        750   

5.125% senior notes due March 1, 2021

     1,000        1,000   

6.500% senior notes due March 1, 2041

     1,250        1,250   

Consolidated subsidiaries:

    

Capital lease obligations due 2013-2028

     406        355   

MPLX Operations LLC revolving credit agreement due 2017

     —          —     

Trade receivables securitization facility due 2014

     —          —     
  

 

 

   

 

 

 

Total

     3,406        3,355   

Unamortized discount

     (10     (10

Fair value adjustments(a)

     14        16   

Amounts due within one year

     (23     (19
  

 

 

   

 

 

 

Total long-term debt due after one year

   $ 3,387      $ 3,342   
  

 

 

   

 

 

 

 

(a) 

See Note 16 for information on interest rate swaps.

 

There were no borrowings or letters of credit outstanding under the revolving credit agreements or the trade receivable securitization facility at June 30, 2013.