2024 Q3 Form 10-Q Financial Statement
#000155200024000026 Filed on August 06, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
Revenue | $2.972B | $3.052B | $2.690B |
YoY Change | 2.06% | 13.46% | -8.5% |
Cost Of Revenue | $1.236B | $1.173B | $1.088B |
YoY Change | -0.96% | 7.81% | -22.17% |
Gross Profit | $1.736B | $1.879B | $1.602B |
YoY Change | 4.33% | 17.29% | 3.89% |
Gross Profit Margin | 58.41% | 61.57% | 59.55% |
Selling, General & Admin | $139.0M | $140.0M | $117.0M |
YoY Change | -4.79% | 19.66% | 1.74% |
% of Gross Profit | 8.01% | 7.45% | 7.3% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $322.0M | $320.0M | $310.0M |
YoY Change | 6.98% | 3.23% | 0.0% |
% of Gross Profit | 18.55% | 17.03% | 19.35% |
Operating Expenses | $461.0M | $460.0M | $427.0M |
YoY Change | 3.13% | 7.73% | 0.47% |
Operating Profit | $1.275B | $1.419B | $1.175B |
YoY Change | 10.49% | 20.77% | 5.19% |
Interest Expense | -$211.0M | -$215.0M | -$226.0M |
YoY Change | 10450.0% | -4.87% | 6.1% |
% of Operating Profit | -16.55% | -15.15% | -19.23% |
Other Income/Expense, Net | -$15.00M | -$16.00M | -$7.000M |
YoY Change | 650.0% | 128.57% | -65.0% |
Pretax Income | $1.049B | $1.188B | $942.0M |
YoY Change | 12.92% | 26.11% | 6.56% |
Income Tax | $2.000M | $2.000M | $0.00 |
% Of Pretax Income | 0.19% | 0.17% | 0.0% |
Net Earnings | $1.047B | $1.186B | $910.0M |
YoY Change | 14.05% | 30.33% | 4.0% |
Net Earnings / Revenue | 35.23% | 38.86% | 33.83% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $1.01 | $1.14 | $0.91 |
COMMON SHARES | |||
Basic Shares Outstanding | 1.021B shares | 1.016B shares | 1.001B shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.426B | $2.501B | $755.0M |
YoY Change | 152.71% | 231.26% | 153.36% |
Cash & Equivalents | $2.426B | $2.501B | $755.0M |
Short-Term Investments | |||
Other Short-Term Assets | $37.00M | $32.00M | $64.00M |
YoY Change | 23.33% | -50.0% | 20.75% |
Inventory | $171.0M | $168.0M | $146.0M |
Prepaid Expenses | |||
Receivables | $742.0M | $747.0M | $1.227B |
Other Receivables | $203.0M | $164.0M | $129.0M |
Total Short-Term Assets | $4.218B | $4.196B | $2.321B |
YoY Change | 54.17% | 80.78% | 15.01% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $19.65B | $19.69B | $19.20B |
YoY Change | 2.78% | 2.57% | -5.4% |
Goodwill | $7.645B | $7.645B | $7.645B |
YoY Change | 0.0% | 0.0% | 0.0% |
Intangibles | $551.0M | $585.0M | $641.0M |
YoY Change | -9.52% | -8.74% | -16.54% |
Long-Term Investments | $4.558B | $4.373B | $4.124B |
YoY Change | 11.2% | 6.04% | 0.61% |
Other Assets | $984.0M | $975.0M | $1.075B |
YoY Change | 1.86% | -9.3% | 2093.88% |
Total Long-Term Assets | $34.30B | $34.21B | $33.55B |
YoY Change | 2.73% | 1.95% | -0.65% |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.218B | $4.196B | $2.321B |
Total Long-Term Assets | $34.30B | $34.21B | $33.55B |
Total Assets | $38.52B | $38.40B | $35.87B |
YoY Change | 6.63% | 7.05% | 0.24% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $120.0M | $127.0M | $382.0M |
YoY Change | -9.09% | -66.75% | 8.52% |
Accrued Expenses | $271.0M | $246.0M | $687.0M |
YoY Change | -18.37% | -64.19% | 65.54% |
Deferred Revenue | $1.000M | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $2.836B | $2.827B | $1.000M |
YoY Change | 283500.0% | 282600.0% | -99.9% |
Total Short-Term Liabilities | $4.267B | $4.226B | $1.316B |
YoY Change | 205.0% | 221.12% | -51.99% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $19.45B | $19.45B | $21.37B |
YoY Change | -9.04% | -9.01% | 8.27% |
Other Long-Term Liabilities | $1.000B | $1.029B | $950.0M |
YoY Change | 2.46% | 8.32% | -17.32% |
Total Long-Term Liabilities | $20.45B | $20.48B | $22.32B |
YoY Change | -8.54% | -8.27% | 6.86% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.267B | $4.226B | $1.316B |
Total Long-Term Liabilities | $20.45B | $20.48B | $22.32B |
Total Liabilities | $24.53B | $24.52B | $23.89B |
YoY Change | 7.58% | 2.62% | 5.34% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | |||
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $13.55B | $13.45B | $11.98B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $38.52B | $38.40B | $35.87B |
YoY Change | 6.63% | 7.05% | 0.24% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.047B | $1.186B | $910.0M |
YoY Change | 14.05% | 30.33% | 4.0% |
Depreciation, Depletion And Amortization | $322.0M | $320.0M | $310.0M |
YoY Change | 6.98% | 3.23% | 0.0% |
Cash From Operating Activities | $1.415B | $1.565B | $1.437B |
YoY Change | 13.75% | 8.91% | -3.36% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $280.0M | $213.0M | $263.0M |
YoY Change | 21.74% | -19.01% | -310.4% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$256.0M | $99.00M | -$8.000M |
YoY Change | 4166.67% | -1337.5% | -20.0% |
Cash From Investing Activities | -$536.0M | -$114.0M | -$271.0M |
YoY Change | 127.12% | -57.93% | 100.74% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -954.0M | 665.0M | -804.0M |
YoY Change | 18.8% | -182.71% | -26.64% |
NET CHANGE | |||
Cash From Operating Activities | 1.415B | 1.565B | 1.437B |
Cash From Investing Activities | -536.0M | -114.0M | -271.0M |
Cash From Financing Activities | -954.0M | 665.0M | -804.0M |
Net Change In Cash | -75.00M | 2.116B | 362.0M |
YoY Change | -136.59% | 484.53% | 41.41% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.415B | $1.565B | $1.437B |
Capital Expenditures | $280.0M | $213.0M | $263.0M |
Free Cash Flow | $1.135B | $1.352B | $1.174B |
YoY Change | 11.93% | 15.16% | -27.17% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q2 | us-gaap |
Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
|
0.850 | |
CY2023Q2 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
|
799000000 | usd |
us-gaap |
Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
|
1747000000 | usd | |
us-gaap |
Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
|
1603000000 | usd | |
CY2024Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1000000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1000000 | shares | |
CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1000000 | shares |
CY2024Q2 | us-gaap |
Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
|
http://fasb.org/us-gaap/2024#ProfitLoss | |
CY2023Q2 | us-gaap |
Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
|
http://fasb.org/us-gaap/2024#ProfitLoss | |
us-gaap |
Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
|
http://fasb.org/us-gaap/2024#ProfitLoss | ||
us-gaap |
Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
|
http://fasb.org/us-gaap/2024#ProfitLoss | ||
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P6M | |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P15Y | |
CY2024Q2 | us-gaap |
Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration
EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumeration
|
http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent | |
CY2023Q4 | us-gaap |
Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration
EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumeration
|
http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
154000000 | usd | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
77000000 | usd | |
CY2022Q4 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
12546000000 | usd |
CY2023Q1 | mplx |
Net Income Loss Including Portion Attributableto Noncontrolling Interest Excluding Portion Attributableto Temporary Equity
NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingPortionAttributabletoTemporaryEquity
|
929000000 | usd |
CY2023Q1 | us-gaap |
Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
|
600000000 | usd |
CY2023Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
808000000 | usd |
CY2023Q1 | us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
8000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
5000000 | usd |
CY2023Q1 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
12080000000 | usd |
CY2023Q2 | mplx |
Net Income Loss Including Portion Attributableto Noncontrolling Interest Excluding Portion Attributableto Temporary Equity
NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingPortionAttributabletoTemporaryEquity
|
919000000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
We are engaged in the gathering, transportation, storage and distribution of crude oil, refined products, other hydrocarbon-based products and renewables; the gathering, processing and transportation of natural gas; and the transportation, fractionation, storage and marketing of NGLs. MPLX’s principal executive office is located in Findlay, Ohio. MPLX was formed on March 27, 2012 as a Delaware limited partnership and completed its initial public offering on October 31, 2012.<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">MPLX’s business consists of two segments based on the nature of services it offers: Logistics and Storage (“L&S”), which relates primarily to crude oil, refined products, other hydrocarbon-based products and renewables; and Gathering and Processing (“G&P”), which relates primarily to natural gas and NGLs. See Note 8 for additional information regarding the operations and results of these segments.</span></div> | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | ||
CY2024Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
4373000000 | usd |
CY2023Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
3743000000 | usd |
CY2023Q4 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
1003498875 | shares |
us-gaap |
Partners Capital Account Units Unitbased Compensation
PartnersCapitalAccountUnitsUnitbasedCompensation
|
135285 | shares | |
us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
21078998 | shares | |
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
3697856 | shares | |
CY2024Q2 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
1021015302 | shares |
CY2022Q3 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
1000000000 | usd |
CY2024Q2 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
2000000 | shares |
CY2023Q2 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
0 | shares |
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
4000000 | shares | |
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
0 | shares | |
CY2024Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
75000000 | usd |
CY2023Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
150000000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd | |
CY2024Q2 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
41.10 | |
CY2023Q2 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
0 | |
us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
40.56 | ||
us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
0 | ||
CY2024Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
696000000 | usd |
CY2024Q2 | us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
11000000 | shares |
us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
21000000 | shares | |
CY2024Q1 | us-gaap |
Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
|
0.850 | |
CY2023Q1 | us-gaap |
Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
|
0.775 | |
CY2023Q2 | us-gaap |
Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
|
0.775 | |
CY2024Q2 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
|
873000000 | usd |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1000000 | shares | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1176000000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
933000000 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
2181000000 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1876000000 | usd | |
CY2024Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
4000000 | usd |
CY2024Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
4000000 | usd |
CY2023Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
4000000 | usd |
CY2023Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
4000000 | usd |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
7000000 | usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
7000000 | usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
8000000 | usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
8000000 | usd | |
CY2024Q2 | us-gaap |
Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
|
0 | usd |
CY2023Q2 | us-gaap |
Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
|
0 | usd |
us-gaap |
Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
|
0 | usd | |
us-gaap |
Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
|
5000000 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
1167000000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1167000000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
906000000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
906000000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2159000000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
2159000000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1812000000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
1812000000 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
1019000000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
1001000000 | shares |
us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
1013000000 | shares | |
us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
1001000000 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
1020000000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
1001000000 | shares |
us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
1014000000 | shares | |
us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
1001000000 | shares | |
CY2024Q2 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
1.15 | |
CY2023Q2 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
0.91 | |
us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
2.13 | ||
us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
1.81 | ||
CY2024Q2 | us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
1.15 | |
CY2023Q2 | us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
0.91 | |
us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
2.13 | ||
us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
1.81 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | ||
CY2024Q2 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
92000000 | usd |
CY2024Q2 | us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
320000000 | usd |
CY2023Q2 | us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
310000000 | usd |
us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
637000000 | usd | |
us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
606000000 | usd | |
CY2024Q2 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
231000000 | usd |
CY2023Q2 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
233000000 | usd |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
466000000 | usd | |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
476000000 | usd | |
CY2024Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
325000000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
145000000 | usd |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
482000000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
279000000 | usd | |
CY2024Q2 | us-gaap |
Profit Loss
ProfitLoss
|
1186000000 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
942000000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
2201000000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
1894000000 | usd | |
CY2024Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
27858000000 | usd |
CY2024Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8672000000 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
19186000000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
27385000000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8121000000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
19264000000 | usd |
CY2024Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
0 | usd |
CY2024Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
71000000 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
0 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
61000000 | usd |
CY2024Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-69000000 | usd |
CY2023Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-58000000 | usd |
CY2023Q4 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-61000000 | usd |
CY2022Q4 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-61000000 | usd |
CY2024Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-3000000 | usd |
CY2023Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
3000000 | usd |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-15000000 | usd | |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
3000000 | usd | |
CY2024Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
3000000 | usd |
CY2023Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
2000000 | usd |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
7000000 | usd | |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
5000000 | usd | |
CY2024Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-69000000 | usd |
CY2023Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-53000000 | usd |
CY2024Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-69000000 | usd |
CY2023Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-53000000 | usd |
CY2024Q2 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-4000000 | usd |
CY2023Q2 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
3000000 | usd |
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-14000000 | usd | |
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
3000000 | usd | |
CY2024Q2 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-5000000 | usd |
CY2023Q2 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
11000000 | usd |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-17000000 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
13000000 | usd | |
CY2024Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | usd |
CY2023Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | usd |
CY2024Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
6000000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
6000000 | usd |
CY2024Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
22356000000 | usd |
CY2023Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
20706000000 | usd |
CY2024Q2 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
132000000 | usd |
CY2023Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
122000000 | usd |
CY2024Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
152000000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
153000000 | usd |
CY2024Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
2827000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
1135000000 | usd |
CY2024Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
19245000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
19296000000 | usd |
CY2024Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
238000000 | usd |
CY2023Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
230000000 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
466000000 | usd | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
457000000 | usd | |
CY2024Q2 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
16000000 | usd |
CY2023Q2 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
14000000 | usd |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
42000000 | usd | |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
41000000 | usd | |
CY2024Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
18000000 | usd |
CY2023Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
7000000 | usd |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
33000000 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
15000000 | usd | |
CY2024Q2 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
5000000 | usd |
CY2023Q2 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
4000000 | usd |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
9000000 | usd | |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
7000000 | usd | |
CY2024Q2 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
231000000 | usd |
CY2023Q2 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
233000000 | usd |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
466000000 | usd | |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
476000000 | usd | |
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2255000000 | usd |
CY2024Q2 | us-gaap |
Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
|
797000000 | usd |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
3052000000 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2076000000 | usd |
CY2023Q2 | us-gaap |
Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
|
614000000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
2690000000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4427000000 | usd | |
us-gaap |
Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
|
1471000000 | usd | |
us-gaap |
Revenues
Revenues
|
5898000000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4203000000 | usd | |
us-gaap |
Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
|
1200000000 | usd | |
us-gaap |
Revenues
Revenues
|
5403000000 | usd | |
CY2023Q4 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
3000000 | usd |
mplx |
Contractwith Customer Asset Increase Decrease
ContractwithCustomerAssetIncreaseDecrease
|
-1000000 | usd | |
us-gaap |
Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
-1000000 | usd | |
CY2024Q2 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
1000000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
|
1000000 | usd |
mplx |
Contract With Customer Asset Increase Decrease Noncurrent
ContractWithCustomerAssetIncreaseDecreaseNoncurrent
|
-1000000 | usd | |
mplx |
Contract With Customer Non Current Asset Reclassified To Receivable
ContractWithCustomerNonCurrentAssetReclassifiedToReceivable
|
0 | usd | |
CY2024Q2 | us-gaap |
Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
21000000 | usd |
mplx |
Contractwith Customer Asset Increase Decrease
ContractwithCustomerAssetIncreaseDecrease
|
-3000000 | usd | |
us-gaap |
Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
0 | usd | |
CY2023Q2 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
18000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
|
1000000 | usd |
mplx |
Contract With Customer Asset Increase Decrease Noncurrent
ContractWithCustomerAssetIncreaseDecreaseNoncurrent
|
0 | usd | |
mplx |
Contract With Customer Non Current Asset Reclassified To Receivable
ContractWithCustomerNonCurrentAssetReclassifiedToReceivable
|
0 | usd | |
CY2023Q2 | us-gaap |
Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
|
1000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
0 | usd |
mplx |
Contract Liability Current Period Increase Decrease
ContractLiabilityCurrentPeriodIncreaseDecrease
|
1000000 | usd | |
mplx |
Contract Liability Current Revenue Recognized
ContractLiabilityCurrentRevenueRecognized
|
0 | usd | |
CY2023Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
1000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
2000000 | usd |
mplx |
Contract Liability Noncurrent Period Increase Decrease
ContractLiabilityNoncurrentPeriodIncreaseDecrease
|
-2000000 | usd | |
mplx |
Contract Liability Noncurrent Revenue Recognized
ContractLiabilityNoncurrentRevenueRecognized
|
0 | usd | |
CY2023Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
0 | usd |
us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
0 | usd | |
us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
0 | usd | |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
1100000000 | usd |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2000000000.0 | usd |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
1900000000 | usd |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
1700000000 | usd |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
600000000 | usd |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
700000000 | usd |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
8000000000.0 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
505000000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
446000000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
440000000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2000000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
3000000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
38000000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
36000000 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1000000 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1000000 | usd | |
mplx |
Non Cash Net Transfers Of Materials And Supplies Inventories
NonCashNetTransfersOfMaterialsAndSuppliesInventories
|
0 | usd | |
mplx |
Non Cash Net Transfers Of Materials And Supplies Inventories
NonCashNetTransfersOfMaterialsAndSuppliesInventories
|
9000000 | usd | |
us-gaap |
Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
|
61000000 | usd | |
us-gaap |
Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
|
62000000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
34000000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
18000000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
468000000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
432000000 | usd | |
mplx |
Increase Decrease In Capital Accruals
IncreaseDecreaseInCapitalAccruals
|
-49000000 | usd | |
mplx |
Increase Decrease In Capital Accruals
IncreaseDecreaseInCapitalAccruals
|
12000000 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
419000000 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
444000000 | usd | |
CY2024Q2 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
16000000 | usd |
CY2023Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
19000000 | usd |
CY2020Q3 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
187000000 | usd |
CY2020Q4 | us-gaap |
Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
|
4000000 | usd |
us-gaap |
Guarantee Obligations Origin And Purpose
GuaranteeObligationsOriginAndPurpose
|
Guarantees related to indebtedness of equity method investeesWe hold a 9.19 percent indirect interest in Dakota Access, which owns and operates the Bakken Pipeline system. In 2020, the U.S. District Court for the District of Columbia (the “D.D.C.”) ordered the United States Army Corps of Engineers (“Army Corps”), which granted permits and an easement for the Bakken Pipeline system, to prepare an environmental impact statement (“EIS”) relating to an easement under Lake Oahe in North Dakota. The D.D.C. later vacated the easement. The Army Corps issued a draft EIS in September 2023 detailing various options for the easement going forward, including denying the easement, approving the easement with additional measures, rerouting the easement, or approving the easement with no changes. The Army Corps has not selected a preferred alternative, but will make a decision in its final review, after considering input from the public and other agencies. The pipeline remains operational while the Army Corps finalizes its decision which is expected to be issued by the end of 2024.We have entered into a Contingent Equity Contribution Agreement whereby MPLX LP, along with the other joint venture owners in the Bakken Pipeline system, has agreed to make equity contributions to the joint venture upon certain events occurring to allow the entities that own and operate the Bakken Pipeline system to satisfy their senior note payment obligations. The senior notes were issued to repay amounts owed by the pipeline companies to fund the cost of construction of the Bakken Pipeline system. If the vacatur of the easement results in a temporary shutdown of the pipeline, MPLX would have to contribute its 9.19 percent pro rata share of funds required to pay interest accruing on the notes and any portion of the principal that matures while the pipeline is shut down. MPLX also expects to contribute its 9.19 percent pro rata share of any costs to remediate any deficiencies to reinstate the easement and/or return the pipeline into operation. If the vacatur of the easement results in a permanent shutdown of the pipeline, MPLX would have to contribute its 9.19 percent pro rata share of the cost to redeem the bonds (including the one percent redemption premium required pursuant to the indenture governing the notes) and any accrued and unpaid interest. As of June 30, 2024, our maximum potential undiscounted payments under the Contingent Equity Contribution Agreement were approximately $78 million. | ||
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |