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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 1,530 $ 1,238
Receivables, less allowance for doubtful accounts 1,578 1,313
Inventories 2,674 2,565
Prepayments and other current assets 182 210
Total Current Assets 5,964 5,326
NET PROPERTY, PLANT AND EQUIPMENT 7,088 6,875
OTHER NONCURRENT ASSETS, NET 1,173 1,188
Total Assets 14,225 13,389
CURRENT LIABILITIES    
Accounts payable 2,737 2,596
Other current liabilities 931 812
Total Current Liabilities 3,668 3,408
DEFERRED INCOME TAXES 1,167 1,018
OTHER NONCURRENT LIABILITIES 560 655
Debt 2,938 2,823
COMMITMENTS AND CONTINGENCIES (Note L)      
TESORO CORPORATION STOCKHOLDERS’ EQUITY    
Common stock, par value $0.162/3; authorized 200,000,000 shares; 156,447,233 shares issued (154,712,627 in 2013) 26 26
Additional paid-in capital 1,265 1,186
Retained earnings 4,534 3,940
Treasury stock, 29,525,051 common shares (22,907,890 in 2013), at cost (1,170) (798)
Accumulated other comprehensive loss (52) (52)
Total Tesoro Corporation Stockholders’ Equity 4,603 4,302
NONCONTROLLING INTEREST 1,289 1,183
Total Equity 5,892 [1] 5,485 [1]
Total Liabilities and Equity $ 14,225 $ 13,389
[1] We have 5.0 million shares of preferred stock authorized with no par value per share. No shares of preferred stock were outstanding as of September 30, 2014 and December 31, 2013.