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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Segment activity, including total assets by reportable segment | The following table reflects activity related to our reportable segments (in millions):
| Refining |  | Ethanol |  | VLP |  | Corporate and Eliminations |  | Total
Year ended December 31, 2017: |  |  |  |  |  |  |  |  |
Operating revenues: |  |  |  |  |  |  |  |  |
Operating revenues from external customers | $ | 90,651 |  |  | $ | 3,324 |  |  | $ | — |  |  | $ | 5 |  |  | $ | 93,980 |
Intersegment revenues | 6 |  |  | 176 |  |  | 452 |  |  | (634 | ) |  | — |
Total operating revenues | 90,657 |  |  | 3,500 |  |  | 452 |  |  | (629 | ) |  | 93,980 |
Cost of sales: |  |  |  |  |  |  |  |  |
Cost of materials and other | 80,865 |  |  | 2,804 |  |  | — |  |  | (632 | ) |  | 83,037 |
Operating expenses (excluding depreciation and amortization expense reflected below) | 3,917 |  |  | 443 |  |  | 104 |  |  | (2 | ) |  | 4,462 |
Depreciation and amortization expense | 1,800 |  |  | 81 |  |  | 53 |  |  | — |  |  | 1,934 |
Total cost of sales | 86,582 |  |  | 3,328 |  |  | 157 |  |  | (634 | ) |  | 89,433 |
Other operating expenses | 58 |  |  | — |  |  | 3 |  |  | — |  |  | 61 |
General and administrative expenses (excluding depreciation and amortization expense reflected below) | — |  |  | — |  |  | — |  |  | 835 |  |  | 835 |
Depreciation and amortization expense | — |  |  | — |  |  | — |  |  | 52 |  |  | 52 |
Operating income by segment | $ | 4,017 |  |  | $ | 172 |  |  | $ | 292 |  |  | $ | (882 | ) |  | $ | 3,599 |
Total expenditures for long-lived assets | $ | 1,710 |  |  | $ | 84 |  |  | $ | 110 |  |  | $ | 44 |  |  | $ | 1,948 |
Year ended December 31, 2016: |  |  |  |  |  |  |  |  |
Operating revenues: |  |  |  |  |  |  |  |  |
Operating revenues from external customers | $ | 71,968 |  |  | $ | 3,691 |  |  | $ | — |  |  | $ | — |  |  | $ | 75,659 |
Intersegment revenues | — |  |  | 210 |  |  | 363 |  |  | (573 | ) |  | — |
Total operating revenues | 71,968 |  |  | 3,901 |  |  | 363 |  |  | (573 | ) |  | 75,659 |
Cost of sales: |  |  |  |  |  |  |  |  |
Cost of materials and other | 63,405 |  |  | 3,130 |  |  | — |  |  | (573 | ) |  | 65,962 |
Operating expenses (excluding depreciation and amortization expense reflected below) | 3,696 |  |  | 415 |  |  | 96 |  |  | — |  |  | 4,207 |
Depreciation and amortization expense | 1,734 |  |  | 66 |  |  | 46 |  |  | — |  |  | 1,846 |
Lower of cost or market inventory valuation adjustment | (697 | ) |  | (50 | ) |  | — |  |  | — |  |  | (747 | )
Total cost of sales | 68,138 |  |  | 3,561 |  |  | 142 |  |  | (573 | ) |  | 71,268 |
General and administrative expenses (excluding depreciation and amortization expense reflected below) | — |  |  | — |  |  | — |  |  | 715 |  |  | 715 |
Depreciation and amortization expense | — |  |  | — |  |  | — |  |  | 48 |  |  | 48 |
Asset impairment loss | 56 |  |  | — |  |  | — |  |  | — |  |  | 56 |
Operating income by segment | $ | 3,774 |  |  | $ | 340 |  |  | $ | 221 |  |  | $ | (763 | ) |  | $ | 3,572 |
Total expenditures for long-lived assets | $ | 1,867 |  |  | $ | 68 |  |  | $ | 23 |  |  | $ | 38 |  |  | $ | 1,996 |
| Refining |  | Ethanol |  | VLP |  | Corporate and Eliminations |  | Total
Year Ended December 31, 2015: |  |  |  |  |  |  |  |  |
Operating revenues: |  |  |  |  |  |  |  |  |
Operating revenues from external customers | $ | 84,521 |  |  | $ | 3,283 |  |  | $ | — |  |  | $ | — |  |  | $ | 87,804 |
Intersegment revenues | — |  |  | 151 |  |  | 244 |  |  | (395 | ) |  | — |
Total operating revenues | 84,521 |  |  | 3,434 |  |  | 244 |  |  | (395 | ) |  | 87,804 |
Cost of sales: |  |  |  |  |  |  |  |  |
Cost of materials and other | 71,512 |  |  | 2,744 |  |  | — |  |  | (395 | ) |  | 73,861 |
Operating expenses (excluding depreciation and amortization expense reflected below) | 3,689 |  |  | 448 |  |  | 106 |  |  | — |  |  | 4,243 |
Depreciation and amortization expense | 1,699 |  |  | 50 |  |  | 46 |  |  | — |  |  | 1,795 |
Lower of cost or market inventory valuation adjustment | 740 |  |  | 50 |  |  | — |  |  | — |  |  | 790 |
Total cost of sales | 77,640 |  |  | 3,292 |  |  | 152 |  |  | (395 | ) |  | 80,689 |
General and administrative expenses (excluding depreciation and amortization expense reflected below) | — |  |  | — |  |  | — |  |  | 710 |  |  | 710 |
Depreciation and amortization expense | — |  |  | — |  |  | — |  |  | 47 |  |  | 47 |
Operating income by segment | $ | 6,881 |  |  | $ | 142 |  |  | $ | 92 |  |  | $ | (757 | ) |  | $ | 6,358 |
Total expenditures for long-lived assets | $ | 2,216 |  |  | $ | 67 |  |  | $ | 38 |  |  | $ | 29 |  |  | $ | 2,350 |
Total assets by reportable segment were as follows (in millions):
| December 31,
| 2017 |  | 2016
Refining | $ | 40,382 |  |  | $ | 38,095 |
Ethanol | 1,344 |  |  | 1,316 |
VLP | 1,517 |  |  | 979 |
Corporate and eliminations | 6,915 |  |  | 5,783 |
Total assets | $ | 50,158 |  |  | $ | 46,173 |
Operating revenues from external customers by product | Operating revenues from external customers by reportable segment for our principal products were as follows (in millions):
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Refining: |  |  |  |  |
Gasolines and blendstocks | $ | 40,362 |  |  | $ | 33,450 |  |  | $ | 38,983 |
Distillates | 42,074 |  |  | 32,576 |  |  | 38,093 |
Other product revenues | 8,215 |  |  | 5,942 |  |  | 7,445 |
Total refining revenues | 90,651 |  |  | 71,968 |  |  | 84,521 |
Ethanol: |  |  |  |  |
Ethanol | 2,764 |  |  | 3,105 |  |  | 2,628 |
Distillers grains | 560 |  |  | 586 |  |  | 655 |
Total ethanol revenues | 3,324 |  |  | 3,691 |  |  | 3,283 |
Corporate – other revenues | 5 |  |  | — |  |  | — |
Total revenues from external customers | $ | 93,980 |  |  | $ | 75,659 |  |  | $ | 87,804 |
Operating revenues by geographic area of customer | Operating revenues by geographic area are shown in the following table (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,
| 2017 |  | 2016 |  | 2015
U.S. | $ | 66,614 |  |  | $ | 51,479 |  |  | $ | 60,319 |
Canada | 7,039 |  |  | 6,115 |  |  | 6,841 |
U.K. and Ireland | 11,556 |  |  | 10,797 |  |  | 11,232 |
Other countries | 8,771 |  |  | 7,268 |  |  | 9,412 |
Total operating revenues | $ | 93,980 |  |  | $ | 75,659 |  |  | $ | 87,804 |
Geographic information by country for long-lived assets | Long-lived assets by geographic area consisted of the following (in millions):
| December 31,
| 2017 |  | 2016
U.S. | $ | 26,083 |  |  | $ | 25,359 |
Canada | 1,915 |  |  | 1,816 |
U.K. and Ireland | 1,063 |  |  | 967 |
Total long-lived assets | $ | 29,061 |  |  | $ | 28,142 |

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- 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
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