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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2014
Segment Reporting [Abstract] |
Segment activity, including total assets by reportable segment | Total assets by reportable segment were as follows (in millions):
| December 31,
| 2014 |  | 2013
Refining | $ | 40,103 |  |  | $ | 41,227 |
Ethanol | 954 |  |  | 889 |
Corporate | 4,493 |  |  | 5,144 |
Total assets | $ | 45,550 |  |  | $ | 47,260 |
In March 2014, we purchased an idled corn ethanol plant in Mount Vernon, Indiana for $34 million from a wholly owned subsidiary of Aventine Renewable Energy Holdings, Inc. We resumed production at that plant during the third quarter of 2014. In the fourth quarter of 2014, an independent appraisal of the assets acquired and liabilities assumed and certain other evaluations of the fair values related to the Mount Vernon plant were completed and finalized. The purchase price of the Mount Vernon plant was allocated based on the fair values of the assets acquired and the liabilities assumed at the date of acquisition resulting from this final appraisal and other evaluations. There were no significant adjustments made to the preliminary purchase price allocation. The following table reflects activity related to continuing operations (in millions):
| Refining |  | Ethanol |  | Retail |  | Corporate |  | Total
Year ended December 31, 2014: |  |  |  |  |  |  |  |  |
Operating revenues from external customers | $ | 126,004 |  |  | $ | 4,840 |  |  | $ | — |  |  | $ | — |  |  | $ | 130,844 |
Intersegment revenues | — |  |  | 100 |  |  | — |  |  | — |  |  | 100 |
Depreciation and amortization expense | 1,597 |  |  | 49 |  |  | — |  |  | 44 |  |  | 1,690 |
Operating income (loss) | 5,884 |  |  | 786 |  |  | — |  |  | (768 | ) |  | 5,902 |
Total expenditures for long-lived assets | 2,750 |  |  | 42 |  |  | — |  |  | 30 |  |  | 2,822 |
Year ended December 31, 2013: |  |  |  |  |  |  |  |  |
Operating revenues from external customers | 129,064 |  |  | 5,114 |  |  | 3,896 |  |  | — |  |  | 138,074 |
Intersegment revenues | 2,876 |  |  | 128 |  |  | — |  |  | — |  |  | 3,004 |
Depreciation and amortization expense | 1,566 |  |  | 45 |  |  | 41 |  |  | 68 |  |  | 1,720 |
Operating income (loss) | 4,211 |  |  | 491 |  |  | 81 |  |  | (826 | ) |  | 3,957 |
Total expenditures for long-lived assets | 2,597 |  |  | 33 |  |  | 62 |  |  | 65 |  |  | 2,757 |
Year ended December 31, 2012: |  |  |  |  |  |  |  |  |
Operating revenues from external customers | 122,068 |  |  | 4,317 |  |  | 12,008 |  |  | — |  |  | 138,393 |
Intersegment revenues | 8,946 |  |  | 115 |  |  | — |  |  | — |  |  | 9,061 |
Depreciation and amortization expense | 1,345 |  |  | 42 |  |  | 119 |  |  | 43 |  |  | 1,549 |
Operating income (loss) | 5,484 |  |  | (47 | ) |  | 348 |  |  | (741 | ) |  | 5,044 |
Total expenditures for long-lived assets | 3,147 |  |  | 36 |  |  | 164 |  |  | 66 |  |  | 3,413 |
Operating revenues from external customers by product | Operating revenues from external customers for our principal products were as follows (in millions):
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Refining: |  |  |  |  |
Gasolines and blendstocks | $ | 56,846 |  |  | $ | 57,806 |  |  | $ | 55,647 |
Distillates | 57,521 |  |  | 56,921 |  |  | 51,095 |
Petrochemicals | 3,759 |  |  | 4,281 |  |  | 3,908 |
Lubes and asphalts | 1,397 |  |  | 1,643 |  |  | 2,033 |
Other product revenues | 6,481 |  |  | 8,413 |  |  | 9,385 |
Total refining operating revenues | 126,004 |  |  | 129,064 |  |  | 122,068 |
Ethanol: |  |  |  |  |
Ethanol | 4,192 |  |  | 4,245 |  |  | 3,545 |
Distillers grains | 648 |  |  | 869 |  |  | 772 |
Total ethanol operating revenues | 4,840 |  |  | 5,114 |  |  | 4,317 |
Retail: |  |  |  |  |
Fuel sales (gasoline and diesel) | — |  |  | 3,226 |  |  | 10,045 |
Merchandise sales and other | — |  |  | 524 |  |  | 1,649 |
Home heating oil | — |  |  | 146 |  |  | 314 |
Total retail operating revenues | — |  |  | 3,896 |  |  | 12,008 |
Total operating revenues | $ | 130,844 |  |  | $ | 138,074 |  |  | $ | 138,393 |
Operating revenues by geographic area of customer | Operating revenues by geographic area are shown in the table below (in millions). The geographic area is based on location of customer and no customer accounted for 10 percent or more of our operating revenues.
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
U.S. | $ | 91,499 |  |  | $ | 100,418 |  |  | $ | 99,879 |
Canada | 10,410 |  |  | 9,974 |  |  | 10,376 |
U.K. and Ireland | 14,182 |  |  | 13,675 |  |  | 12,818 |
Other countries | 14,753 |  |  | 14,007 |  |  | 15,320 |
Total operating revenues | $ | 130,844 |  |  | $ | 138,074 |  |  | $ | 138,393 |
Geographic information by country for long-lived assets | Geographic information by country for long-lived assets consisted of the following (in millions):
| December 31,
| 2014 |  | 2013
U.S. | $ | 24,710 |  |  | $ | 23,572 |
Canada | 2,250 |  |  | 2,260 |
U.K. | 1,206 |  |  | 1,148 |
Aruba | 59 |  |  | 53 |
Ireland | 22 |  |  | 26 |
Total long-lived assets | $ | 28,247 |  |  | $ | 27,059 |

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