XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Segment Reporting [Abstract] |
Segment information for our reportable segments | The following table reflects activity related to our reportable segments (in millions):
| Refining |  | Ethanol |  | VLP |  | Corporate and Eliminations |  | Total
Three months ended September 30, 2017: |  |  |  |  |  |  |  |  |
Operating revenues: |  |  |  |  |  |  |  |  |
Operating revenues from external customers | $ | 22,728 |  |  | $ | 834 |  |  | $ | — |  |  | $ | — |  |  | $ | 23,562 |
Intersegment revenues | 1 |  |  | 48 |  |  | 110 |  |  | (159 | ) |  | — |
Total operating revenues | 22,729 |  |  | 882 |  |  | 110 |  |  | (159 | ) |  | 23,562 |
Cost of sales: |  |  |  |  |  |  |  |  |
Cost of materials and other | 19,818 |  |  | 669 |  |  | — |  |  | (158 | ) |  | 20,329 |
Operating expenses (excluding depreciation and amortization expense reflected below) | 986 |  |  | 114 |  |  | 26 |  |  | (1 | ) |  | 1,125 |
Depreciation and amortization expense | 455 |  |  | 17 |  |  | 12 |  |  | — |  |  | 484 |
Total cost of sales | 21,259 |  |  | 800 |  |  | 38 |  |  | (159 | ) |  | 21,938 |
Other operating expenses | 41 |  |  | — |  |  | 3 |  |  | — |  |  | 44 |
General and administrative expenses (excluding depreciation and amortization expense reflected below) | — |  |  | — |  |  | — |  |  | 229 |  |  | 229 |
Depreciation and amortization expense | — |  |  | — |  |  | — |  |  | 13 |  |  | 13 |
Operating income (loss) by segment | $ | 1,429 |  |  | $ | 82 |  |  | $ | 69 |  |  | $ | (242 | ) |  | $ | 1,338 |
Three months ended September 30, 2016: |  |  |  |  |  |  |  |  |
Operating revenues: |  |  |  |  |  |  |  |  |
Operating revenues from external customers | $ | 18,718 |  |  | $ | 931 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,649 |
Intersegment revenues | — |  |  | 56 |  |  | 92 |  |  | (148 | ) |  | — |
Total operating revenues | 18,718 |  |  | 987 |  |  | 92 |  |  | (148 | ) |  | 19,649 |
Cost of sales: |  |  |  |  |  |  |  |  |
Cost of materials and other | 16,424 |  |  | 757 |  |  | — |  |  | (148 | ) |  | 17,033 |
Operating expenses (excluding depreciation and amortization expense reflected below) | 931 |  |  | 107 |  |  | 24 |  |  | — |  |  | 1,062 |
Depreciation and amortization expense | 429 |  |  | 17 |  |  | 12 |  |  | — |  |  | 458 |
Total cost of sales | 17,784 |  |  | 881 |  |  | 36 |  |  | (148 | ) |  | 18,553 |
General and administrative expenses (excluding depreciation and amortization expense reflected below) | — |  |  | — |  |  | — |  |  | 192 |  |  | 192 |
Depreciation and amortization expense | — |  |  | — |  |  | — |  |  | 12 |  |  | 12 |
Operating income (loss) by segment | $ | 934 |  |  | $ | 106 |  |  | $ | 56 |  |  | $ | (204 | ) |  | $ | 892 |
| Refining |  | Ethanol |  | VLP |  | Corporate and Eliminations |  | Total
Nine months ended September 30, 2017: |  |  |  |  |  |  |  |  |
Operating revenues: |  |  |  |  |  |  |  |  |
Operating revenues from external customers | $ | 65,030 |  |  | $ | 2,558 |  |  | $ | — |  |  | $ | — |  |  | $ | 67,588 |
Intersegment revenues | 1 |  |  | 136 |  |  | 326 |  |  | (463 | ) |  | — |
Total operating revenues | 65,031 |  |  | 2,694 |  |  | 326 |  |  | (463 | ) |  | 67,588 |
Cost of sales: |  |  |  |  |  |  |  |  |
Cost of materials and other | 57,662 |  |  | 2,166 |  |  | — |  |  | (462 | ) |  | 59,366 |
Operating expenses (excluding depreciation and amortization expense reflected below) | 2,935 |  |  | 330 |  |  | 75 |  |  | (1 | ) |  | 3,339 |
Depreciation and amortization expense | 1,358 |  |  | 63 |  |  | 36 |  |  | — |  |  | 1,457 |
Total cost of sales | 61,955 |  |  | 2,559 |  |  | 111 |  |  | (463 | ) |  | 64,162 |
Other operating expenses | 41 |  |  | — |  |  | 3 |  |  | — |  |  | 44 |
General and administrative expenses (excluding depreciation and amortization expense reflected below) | — |  |  | — |  |  | — |  |  | 597 |  |  | 597 |
Depreciation and amortization expense | — |  |  | — |  |  | — |  |  | 39 |  |  | 39 |
Operating income (loss) by segment | $ | 3,035 |  |  | $ | 135 |  |  | $ | 212 |  |  | $ | (636 | ) |  | $ | 2,746 |
Nine months ended September 30, 2016: |  |  |  |  |  |  |  |  |
Operating revenues: |  |  |  |  |  |  |  |  |
Operating revenues from external customers | $ | 52,302 |  |  | $ | 2,645 |  |  | $ | — |  |  | $ | — |  |  | $ | 54,947 |
Intersegment revenues | — |  |  | 135 |  |  | 258 |  |  | (393 | ) |  | — |
Total operating revenues | 52,302 |  |  | 2,780 |  |  | 258 |  |  | (393 | ) |  | 54,947 |
Cost of sales: |  |  |  |  |  |  |  |  |
Cost of materials and other | 45,790 |  |  | 2,263 |  |  | — |  |  | (393 | ) |  | 47,660 |
Operating expenses (excluding depreciation and amortization expense reflected below) | 2,716 |  |  | 305 |  |  | 72 |  |  | — |  |  | 3,093 |
Depreciation and amortization expense | 1,308 |  |  | 48 |  |  | 35 |  |  | — |  |  | 1,391 |
Lower of cost or market inventory valuation adjustment | (697 | ) |  | (50 | ) |  | — |  |  | — |  |  | (747 | )
Total cost of sales | 49,117 |  |  | 2,566 |  |  | 107 |  |  | (393 | ) |  | 51,397 |
General and administrative expenses (excluding depreciation and amortization expense reflected below) | — |  |  | — |  |  | — |  |  | 507 |  |  | 507 |
Depreciation and amortization expense | — |  |  | — |  |  | — |  |  | 35 |  |  | 35 |
Asset impairment loss | 56 |  |  | — |  |  | — |  |  | — |  |  | 56 |
Operating income (loss) by segment | $ | 3,129 |  |  | $ | 214 |  |  | $ | 151 |  |  | $ | (542 | ) |  | $ | 2,952 |
Total assets by reportable segment were as follows (in millions):
| September 30, 2017 |  | December 31, 2016
Refining | $ | 39,450 |  |  | $ | 38,095 |
Ethanol | 1,319 |  |  | 1,316 |
VLP | 1,110 |  |  | 972 |
Corporate and eliminations | 6,109 |  |  | 5,790 |
Total assets | $ | 47,988 |  |  | $ | 46,173 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration