Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 4,002	$ 5,443
Short-term investments	1,141	4,781
Receivables, less allowance for doubtful accounts of $72 and $44, respectively	10,180	12,187
Inventories	9,886	9,317
Other current assets	740	403
Total current assets	25,949	32,131
Equity method investments	6,976	6,260
Property, plant and equipment, net	34,542	35,112
Goodwill	8,244	8,244
Right of use assets	1,192	1,233
Other noncurrent assets	2,930	3,007
Total assets	79,833	85,987
Liabilities
Accounts payable	12,763	13,761
Payroll and benefits payable	967	1,115
Accrued taxes	1,302	1,221
Debt due within one year	4,167	1,954
Operating lease liabilities	485	454
Other current liabilities	1,384	1,645
Total current liabilities	21,068	20,150
Long-term debt	24,053	25,329
Deferred income taxes	5,766	5,834
Defined benefit postretirement plan obligations	1,191	1,102
Long-term operating lease liabilities	691	764
Deferred credits and other liabilities	1,352	1,409
Total liabilities	54,121	54,588
Commitments and contingencies (see Note 23)
Redeemable noncontrolling interest	203	895
Equity
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized)	0	0
Common stock:
Issued – 994 million and 993 million shares (par value $0.01 per share, 2 billion shares authorized)	10	10
Held in treasury, at cost – 669 million and 625 million shares	(51,320)	(43,502)
Additional paid-in capital	33,630	33,465
Retained earnings	36,771	34,562
Accumulated other comprehensive loss	(158)	(131)
Total MPC stockholders’ equity	18,933	24,404
Noncontrolling interests	6,576	6,100
Total equity	25,509	30,504
Total liabilities, redeemable noncontrolling interest and equity	$ 79,833	$ 85,987