v3.26.1
Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The following table presents balance sheet information for the assets and liabilities of MPLX, which are included in our consolidated balance sheets.
(Millions of dollars)March 31,
2026
December 31,
2025
Assets
Cash and cash equivalents$1,506 $2,137 
Receivables, less allowance for expected credit loss782 746 
Inventories178 172 
Other current assets62 51 
Equity method investments4,981 4,798 
Property, plant and equipment, net21,992 21,698 
Goodwill8,736 8,755 
Intangibles, net1,359 1,397 
Right of use assets, net268 276 
Other noncurrent assets1,161 1,126 
Liabilities
Accounts payable$1,076 $865 
Accrued taxes73 93 
Debt due within one year1,251 1,502 
Operating lease liabilities53 53 
Other current liabilities370 403 
Long-term debt24,383 24,151 
Deferred income taxes25 25 
Long-term operating lease liabilities208 217 
Deferred credits and other liabilities455 474