Acquisitions - Purchase of HSM retrospective adjustments (Details) - USD ($) $ in Millions | 3 Months Ended | | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | Dec. 31, 2014 |
Revenues and other income: | | | | | | | | | |
Service revenue | | $ 229 | | $ 16 | [1] | | | | |
Service revenue - related parties | | 150 | | 142 | [1] | | | | |
Rental income - related parties | | 26 | | 25 | [1] | | | | |
Other income | | 2 | | 1 | [1] | | | | |
Other income - related parties | | 24 | | 17 | [1] | | | | |
Total revenues and other income | | 609 | | 201 | [1] | | | | |
Costs and expenses: | | | | | | | | | |
Cost of revenues (excludes items below) | | 89 | | 42 | [1] | | | | |
Purchases - related parties | | 76 | | 40 | [1] | | | | |
Depreciation and amortization | | 132 | | 19 | [1],[2] | | | | |
General and administrative expenses | | 52 | | 22 | [1] | | | | |
Other taxes | | 11 | | 4 | [1] | | | | |
Total costs and expenses | | 582 | | 127 | [1] | | | | |
Income from operations | | 27 | | 74 | [1] | | | | |
Interest expense (net of amounts capitalized of $7 million and $1 million, respectively) | | 55 | | 5 | [1] | | | | |
Other financial costs | | 12 | | 1 | [1] | | | | |
Income before income taxes | | (41) | [3] | 68 | [1] | | | | |
Net (loss) income | | (37) | | 68 | [1],[2],[4] | | | | |
Less: Net income attributable to noncontrolling interests and Predecessor | | 23 | | 22 | [1] | | | | |
Net income attributable to MPLX LP | [5] | (60) | | 46 | [1] | | | | |
Less: General partner’s interest in net income attributable to MPLX LP | | 39 | | 4 | [1] | | | | |
Limited partners’ interest in net (loss) income attributable to MPLX LP | | (99) | | 42 | [1] | | | | |
Current assets: | | | | | | | | | |
Cash and cash equivalents | | 4 | | 132 | [2] | $ 43 | [6] | $ 27 | [2] |
Receivables, net | | 250 | | | | 245 | [6] | | |
Receivables - related parties | | 102 | | | | 187 | [6] | | |
Inventories | | 45 | | | | 51 | [6] | | |
Other current assets | | 28 | | | | 50 | [6] | | |
Total current assets | | 429 | | | | 576 | [6] | | |
Equity method investments | | 2,598 | | | | 2,458 | [6] | | |
Property, plant and equipment, net | | 10,195 | | | | 9,997 | [6] | | |
Intangibles, net | | 520 | | | | 466 | [6] | | |
Goodwill | | 2,200 | | | | 2,570 | [6] | | |
Long-term receivables - related parties | | 25 | | | | 25 | [6] | | |
Other noncurrent assets | | 11 | | | | 12 | [6] | | |
Assets | | 15,978 | | | | 16,104 | [6] | | |
Current liabilities: | | | | | | | | | |
Accounts payable | | 105 | | | | 91 | [6] | | |
Accrued liabilities | | 159 | | | | 187 | [6] | | |
Payables - related parties | | 512 | | | | 54 | [6] | | |
Deferred revenue - related parties | | 35 | | | | 32 | [6] | | |
Accrued property, plant and equipment | | 140 | | | | 168 | [6] | | |
Accrued taxes | | 24 | | | | 27 | [6] | | |
Accrued interest payable | | 56 | | | | 54 | [6] | | |
Other current liabilities | | 14 | | | | 12 | [6] | | |
Total current liabilities | | 1,045 | | | | 625 | [6] | | |
Long-term deferred revenue | | 6 | | | | 4 | [6] | | |
Long-term deferred revenue - related parties | | 9 | | | | 9 | [6] | | |
Long-term debt | | 4,715 | | | | 5,255 | [6] | | |
Deferred income taxes | | 382 | | | | 378 | [6] | | |
Deferred credits and other liabilities | | 166 | | | | 166 | [6] | | |
Total liabilities | | 6,323 | | | | 6,437 | [6] | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | 9,641 | | | | 9,654 | [6] | | |
Noncontrolling interest | | 14 | | | | 13 | [6] | | |
Total equity | | 9,655 | | 819 | [4] | 9,667 | [4],[6] | 784 | [4] |
Total liabilities and equity | | 15,978 | | | | 16,104 | [6] | | |
Changes in: | | | | | | | | | |
Current receivables | | 5 | | (2) | [2] | | | | |
Current accounts payable and accrued liabilities | | (15) | | 2 | [2] | | | | |
Receivables from / liabilities to related parties | | (23) | | 18 | [2] | | | | |
All other, net | | 15 | | (1) | [2] | | | | |
Net Cash Provided by (Used in) Operating Activities | | 295 | | 72 | [2] | | | | |
Investing activities: | | | | | | | | | |
Additions to property, plant and equipment | | 291 | | 35 | [2] | | | | |
Investments - loans to related parties | | (77) | | 8 | [2] | | | | |
Net cash used in investing activities | | (240) | | (43) | [2] | | | | |
Financing activities: | | | | | | | | | |
Long-term debt - borrowings | | 306 | | 528 | [2] | | | | |
Repayments of Long-term Debt | | 857 | | 415 | [2] | | | | |
Debt issuance costs | | 0 | | 4 | [2] | | | | |
Distributions to unitholders and general partner | | 190 | | 33 | [2] | | | | |
Net cash (used in) provided by financing activities | | (94) | | 76 | [2] | | | | |
Cash and Cash Equivalents, Period Increase (Decrease) | | (39) | | 105 | [2] | | | | |
MPLX LP (Previously Reported) | | | | | | | | | |
Revenues and other income: | | | | | | | | | |
Service revenue | | | | 16 | | | | | |
Service revenue - related parties | | | | 111 | | | | | |
Rental income - related parties | | | | 4 | | | | | |
Other income | | | | 1 | | | | | |
Other income - related parties | | | | 6 | | | | | |
Total revenues and other income | | | | 138 | | | | | |
Costs and expenses: | | | | | | | | | |
Cost of revenues (excludes items below) | | | | 28 | | | | | |
Purchases - related parties | | | | 24 | | | | | |
Depreciation and amortization | | | | 12 | | | | | |
General and administrative expenses | | | | 19 | | | | | |
Other taxes | | | | 3 | | | | | |
Total costs and expenses | | | | 86 | | | | | |
Income from operations | | | | 52 | | | | | |
Interest expense (net of amounts capitalized of $7 million and $1 million, respectively) | | | | 5 | | | | | |
Other financial costs | | | | 1 | | | | | |
Income before income taxes | | | | 46 | | | | | |
Net (loss) income | | | | 46 | | | | | |
Less: Net income attributable to noncontrolling interests and Predecessor | | | | 0 | | | | | |
Net income attributable to MPLX LP | | | | 46 | | | | | |
Less: General partner’s interest in net income attributable to MPLX LP | | | | 4 | | | | | |
Limited partners’ interest in net (loss) income attributable to MPLX LP | | | | 42 | | | | | |
Current assets: | | | | | | | | | |
Cash and cash equivalents | | | | 132 | | 43 | | 27 | |
Receivables, net | | | | | | 244 | | | |
Receivables - related parties | | | | | | 88 | | | |
Inventories | | | | | | 49 | | | |
Other current assets | | | | | | 50 | | | |
Total current assets | | | | | | 474 | | | |
Equity method investments | | | | | | 2,458 | | | |
Property, plant and equipment, net | | | | | | 9,683 | | | |
Intangibles, net | | | | | | 466 | | | |
Goodwill | | | | | | 2,559 | | | |
Long-term receivables - related parties | | | | | | 25 | | | |
Other noncurrent assets | | | | | | 12 | | | |
Assets | | | | | | 15,677 | | | |
Current liabilities: | | | | | | | | | |
Accounts payable | | | | | | 89 | | | |
Accrued liabilities | | | | | | 186 | | | |
Payables - related parties | | | | | | 47 | | | |
Deferred revenue - related parties | | | | | | 32 | | | |
Accrued property, plant and equipment | | | | | | 166 | | | |
Accrued taxes | | | | | | 26 | | | |
Accrued interest payable | | | | | | 54 | | | |
Other current liabilities | | | | | | 12 | | | |
Total current liabilities | | | | | | 612 | | | |
Long-term deferred revenue | | | | | | 4 | | | |
Long-term deferred revenue - related parties | | | | | | 9 | | | |
Long-term debt | | | | | | 5,255 | | | |
Deferred income taxes | | | | | | 377 | | | |
Deferred credits and other liabilities | | | | | | 166 | | | |
Total liabilities | | | | | | 6,423 | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 9,241 | | | |
Noncontrolling interest | | | | | | 13 | | | |
Total equity | | | | | | 9,254 | | | |
Total liabilities and equity | | | | | | 15,677 | | | |
Changes in: | | | | | | | | | |
Current receivables | | | | (2) | | | | | |
Current accounts payable and accrued liabilities | | | | 5 | | | | | |
Receivables from / liabilities to related parties | | | | 5 | | | | | |
All other, net | | | | (1) | | | | | |
Net Cash Provided by (Used in) Operating Activities | | | | 59 | | | | | |
Investing activities: | | | | | | | | | |
Additions to property, plant and equipment | | | | 30 | | | | | |
Investments - loans to related parties | | | | 0 | | | | | |
Net cash used in investing activities | | | | (30) | | | | | |
Financing activities: | | | | | | | | | |
Long-term debt - borrowings | | | | 528 | | | | | |
Repayments of Long-term Debt | | | | 415 | | | | | |
Debt issuance costs | | | | 4 | | | | | |
Distributions to unitholders and general partner | | | | 33 | | | | | |
Net cash (used in) provided by financing activities | | | | 76 | | | | | |
Cash and Cash Equivalents, Period Increase (Decrease) | | | | 105 | | | | | |
Hardin Street Marine Business [Member] | HSM | | | | | | | | | |
Revenues and other income: | | | | | | | | | |
Service revenue | | | | 0 | | | | | |
Service revenue - related parties | | | | 31 | | | | | |
Rental income - related parties | | | | 21 | | | | | |
Other income | | | | 0 | | | | | |
Other income - related parties | | | | 11 | | | | | |
Total revenues and other income | | | | 63 | | | | | |
Costs and expenses: | | | | | | | | | |
Cost of revenues (excludes items below) | | | | 14 | | | | | |
Purchases - related parties | | | | 16 | | | | | |
Depreciation and amortization | | | | 7 | | | | | |
General and administrative expenses | | | | 3 | | | | | |
Other taxes | | | | 1 | | | | | |
Total costs and expenses | | | | 41 | | | | | |
Income from operations | | | | 22 | | | | | |
Interest expense (net of amounts capitalized of $7 million and $1 million, respectively) | | | | 0 | | | | | |
Other financial costs | | | | 0 | | | | | |
Income before income taxes | | | | 22 | | | | | |
Net (loss) income | | | | 22 | | | | | |
Less: Net income attributable to noncontrolling interests and Predecessor | | | | 22 | | | | | |
Net income attributable to MPLX LP | | | | 0 | | | | | |
Less: General partner’s interest in net income attributable to MPLX LP | | | | 0 | | | | | |
Limited partners’ interest in net (loss) income attributable to MPLX LP | | | | 0 | | | | | |
Current assets: | | | | | | | | | |
Cash and cash equivalents | | | | 0 | | 0 | | 0 | |
Receivables, net | | | | | | 1 | | | |
Receivables - related parties | | | | | | 99 | | | |
Inventories | | | | | | 2 | | | |
Other current assets | | | | | | 0 | | | |
Total current assets | | | | | | 102 | | | |
Equity method investments | | | | | | 0 | | | |
Property, plant and equipment, net | | | | | | 314 | | | |
Intangibles, net | | | | | | 0 | | | |
Goodwill | | | | | | 11 | | | |
Long-term receivables - related parties | | | | | | 0 | | | |
Other noncurrent assets | | | | | | 0 | | | |
Assets | | | | | | 427 | | | |
Current liabilities: | | | | | | | | | |
Accounts payable | | | | | | 2 | | | |
Accrued liabilities | | | | | | 1 | | | |
Payables - related parties | | | | | | 7 | | | |
Deferred revenue - related parties | | | | | | 0 | | | |
Accrued property, plant and equipment | | | | | | 2 | | | |
Accrued taxes | | | | | | 1 | | | |
Accrued interest payable | | | | | | 0 | | | |
Other current liabilities | | | | | | 0 | | | |
Total current liabilities | | | | | | 13 | | | |
Long-term deferred revenue | | | | | | 0 | | | |
Long-term deferred revenue - related parties | | | | | | 0 | | | |
Long-term debt | | | | | | 0 | | | |
Deferred income taxes | | | | | | 1 | | | |
Deferred credits and other liabilities | | | | | | 0 | | | |
Total liabilities | | | | | | 14 | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 413 | | | |
Noncontrolling interest | | | | | | 0 | | | |
Total equity | | | | | | 413 | | | |
Total liabilities and equity | | | | | | 427 | | | |
Changes in: | | | | | | | | | |
Current receivables | | | | 0 | | | | | |
Current accounts payable and accrued liabilities | | | | (3) | | | | | |
Receivables from / liabilities to related parties | | | | 13 | | | | | |
All other, net | | | | 0 | | | | | |
Net Cash Provided by (Used in) Operating Activities | | | | 13 | | | | | |
Investing activities: | | | | | | | | | |
Additions to property, plant and equipment | | | | 5 | | | | | |
Investments - loans to related parties | | | | 8 | | | | | |
Net cash used in investing activities | | | | (13) | | | | | |
Financing activities: | | | | | | | | | |
Long-term debt - borrowings | | | | 0 | | | | | |
Repayments of Long-term Debt | | | | 0 | | | | | |
Debt issuance costs | | | | 0 | | | | | |
Distributions to unitholders and general partner | | | | 0 | | | | | |
Net cash (used in) provided by financing activities | | | | 0 | | | | | |
Cash and Cash Equivalents, Period Increase (Decrease) | | | | 0 | | | | | |
Limited Partners Common Units [Member] | | | | | | | | | |
Costs and expenses: | | | | | | | | | |
Net income attributable to MPLX LP | [5] | (99) | | 20 | | | | | |
Limited Partners Common Units [Member] | Public [Member] | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | 7,805 | | | | 7,691 | [6] | | |
Limited Partners Common Units [Member] | Public [Member] | MPLX LP (Previously Reported) | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 7,691 | | | |
Limited Partners Common Units [Member] | Public [Member] | Hardin Street Marine Business [Member] | HSM | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 0 | | | |
Limited Partners Class B Units [Member] | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | 266 | | | | 266 | [6] | | |
Limited Partners Class B Units [Member] | MPLX LP (Previously Reported) | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 266 | | | |
Limited Partners Class B Units [Member] | Hardin Street Marine Business [Member] | HSM | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 0 | | | |
MPC [Member] | | | | | | | | | |
Revenues and other income: | | | | | | | | | |
Service revenue - related parties | | 150 | | 142 | | | | | |
Other income - related parties | | 17 | | 16 | | | | | |
Current assets: | | | | | | | | | |
Receivables - related parties | | 96 | | | | 175 | | | |
Long-term receivables - related parties | | 25 | | | | 25 | | | |
Current liabilities: | | | | | | | | | |
Payables - related parties | | 491 | | | | 33 | | | |
MPC [Member] | MPLX LP (Previously Reported) | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 0 | | | |
MPC [Member] | Predecessor [Member] | | | | | | | | | |
Costs and expenses: | | | | | | | | | |
Net (loss) income | | 23 | | 22 | [4] | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | 0 | | | | 413 | [6] | | |
Total equity | [4] | | | 343 | | 413 | | $ 321 | |
MPC [Member] | Hardin Street Marine Business [Member] | Predecessor [Member] | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 413 | | | |
MPC [Member] | Limited Partners Common Units [Member] | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | 1,086 | | | | 465 | [6] | | |
MPC [Member] | Limited Partners Common Units [Member] | MPLX LP (Previously Reported) | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 465 | | | |
MPC [Member] | Limited Partners Common Units [Member] | Hardin Street Marine Business [Member] | HSM | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 0 | | | |
MPC [Member] | General Partner [Member] | | | | | | | | | |
Costs and expenses: | | | | | | | | | |
Net income attributable to MPLX LP | [5] | 39 | | $ 9 | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | $ 484 | | | | 819 | [6] | | |
MPC [Member] | General Partner [Member] | MPLX LP (Previously Reported) | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | 819 | | | |
MPC [Member] | General Partner [Member] | Hardin Street Marine Business [Member] | HSM | | | | | | | | | |
Equity | | | | | | | | | |
Total MPLX LP partners’ capital | | | | | | $ 0 | | | |
| |
[1] | (1) Financial information has been retrospectively adjusted for the acquisition of Hardin Street Marine LLC from MPC. See Notes 1 and 3. | |
[2] | (1) Financial information has been retrospectively adjusted for the acquisition of Hardin Street Marine LLC from MPC. See Notes 1 and 3. | |
[3] | (1) Financial information has been retrospectively adjusted for the acquisition of HSM from MPC. See Notes 1 and 3. Prior to this acquisition, MPC paid all income taxes related to HSM. | |
[4] | (1) Financial information has been retrospectively adjusted for the acquisition of Hardin Street Marine LLC from MPC. See Notes 1 and 3. | |
[5] | Allocation of net income (loss) attributable to MPLX LP assumes all earnings for the period had been distributed based on the current period distribution priorities. | |
[6] | (1) Financial information has been retrospectively adjusted for the acquisition of Hardin Street Marine LLC from MPC. See Notes 1 and 3. | |