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Sales and Other Operating Revenues | 6 Months Ended
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Jun. 30, 2020
Revenue from Contract with Customer [Abstract] |
Sales and Other Operating Revenues | Sales and Other Operating Revenues Disaggregated Revenues The following tables present our disaggregated sales and other operating revenues:
| Millions of Dollars |  |  |  |  |
| Three Months Ended June 30 |  |  |  | Six Months Ended June 30 |
| 2020 |  |  | 2019 |  |  | 2020 |  | 2019 |
Product Line and Services |  |  |  |  |  |
Refined petroleum products | $ | 8,701 |  |  | 22,922 |  |  | 24,858 |  | 41,715 |
Crude oil resales | 1,490 |  |  | 3,613 |  |  | 4,367 |  | 6,651 |
Natural gas liquids (NGL) | 700 |  |  | 1,179 |  |  | 1,679 |  | 2,483 |
Services and other* | 22 |  |  | 133 |  |  | 887 |  | 101 |
Consolidated sales and other operating revenues | $ | 10,913 |  |  | 27,847 |  |  | 31,791 |  | 50,950 |
Geographic Location** |  |  |  |  |  |
United States | $ | 8,377 |  |  | 21,867 |  |  | 24,087 |  | 39,442 |
United Kingdom | 972 |  |  | 2,512 |  |  | 3,281 |  | 4,943 |
Germany | 613 |  |  | 1,092 |  |  | 1,471 |  | 2,049 |
Other foreign countries | 951 |  |  | 2,376 |  |  | 2,952 |  | 4,516 |
Consolidated sales and other operating revenues | $ | 10,913 |  |  | 27,847 |  |  | 31,791 |  | 50,950 |
* Includes derivatives-related activities. See Note 12—Derivatives and Financial Instruments, for additional information. |  |  |  |  |  |
** Sales and other operating revenues are attributable to countries based on the location of the operations generating the revenues. |  |  |  |  |  |
Contract-Related Assets and Liabilities At June 30, 2020, and December 31, 2019, receivables from contracts with customers were $3,237 million and $6,902 million, respectively. Significant noncustomer balances, such as buy/sell receivables and excise tax receivables, were excluded from these amounts. Our contract-related assets also include payments we make to our marketing customers related to incentive programs. An incentive payment is initially recognized as an asset and subsequently amortized as a reduction to revenue over the contract term, which generally ranges from 5 to 15 years. At June 30, 2020, and December 31, 2019, our asset balances related to such payments were $376 million and $336 million, respectively. Our contract liabilities represent advances from our customers prior to product or service delivery. At June 30, 2020, and December 31, 2019, contract liabilities were not material. Remaining Performance ObligationsMost of our contracts with customers are spot contracts or term contracts with only variable consideration. We do not disclose remaining performance obligations for these contracts as the expected duration is one year or less, or because the variable consideration has been allocated entirely to an unsatisfied performance obligation. We also have certain contracts in our Midstream segment that include minimum volume commitments with fixed pricing, which mostly expire by 2021. At June 30, 2020, the remaining performance obligations related to these minimum volume commitment contracts were not material.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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