Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 9,078	$ 5,291
Short-term investments	4,241	5,548
Receivables, less allowance for doubtful accounts of $39 and $40, respectively	17,305	11,034
Inventories	11,048	8,055
Other current assets	741	568
Total current assets	42,413	30,496
Equity method investments	5,508	5,409
Property, plant and equipment, net	37,062	37,440
Goodwill	8,244	8,256
Right of use assets	1,276	1,372
Other noncurrent assets	2,234	2,400
Total assets	96,737	85,373
Liabilities
Accounts payable	22,502	13,700
Payroll and benefits payable	619	911
Accrued taxes	2,584	1,231
Debt due within one year	1,087	571
Operating lease liabilities	391	438
Other current liabilities	1,254	1,047
Total current liabilities	28,437	17,898
Long-term debt	25,687	24,968
Deferred income taxes	5,542	5,638
Defined benefit postretirement plan obligations	1,133	1,015
Long-term operating lease liabilities	879	927
Deferred credits and other liabilities	1,390	1,346
Total liabilities	63,068	51,792
Commitments and contingencies (see Note 23)
Redeemable noncontrolling interest	965	965
Equity
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized)	0	0
Common stock:
Issued – 989 million and 984 million shares (par value $0.01 per share, 2 billion shares authorized)	10	10
Held in treasury, at cost – 476 million and 405 million shares	(26,000)	(19,904)
Additional paid-in capital	33,378	33,262
Retained earnings	18,983	12,905
Accumulated other comprehensive loss	(65)	(67)
Total MPC stockholders’ equity	26,306	26,206
Noncontrolling interests	6,398	6,410
Total equity	32,704	32,616
Total liabilities, redeemable noncontrolling interest and equity	$ 96,737	$ 85,373