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Revenues and Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of contract balances

Contract balances were as follows (in millions):

			December 31,
			2020						2019						Decrease
Receivables from contracts with customers, included in receivables, net			$	3,642					$	5,610					$	(1,968)
Contract liabilities, included in accrued expenses			55						55						—

Segment activity, including total assets by reportable segment

The following tables reflect information about our operating income (loss) and total expenditures for long-lived assets by reportable segment (in millions):

			Refining						Renewable Diesel						Ethanol						Corporate and Eliminations						Total
Year ended December 31, 2020
Revenues:
Revenues from external customers			$	60,840					$	1,055					$	3,017					$	—					$	64,912
Intersegment revenues			8						212						226						(446)						—
Total revenues			60,848						1,267						3,243						(446)						64,912
Cost of sales:
Cost of materials and other			56,093						500						2,784						(444)						58,933
LCM inventory valuation adjustment			(19)						—						—						—						(19)
Operating expenses (excluding depreciation and amortization expense reflected below)			3,944						85						406						—						4,435
Depreciation and amortization expense			2,138						44						121						—						2,303
Total cost of sales			62,156						629						3,311						(444)						65,652
Other operating expenses			34						—						1						—						35
General and administrative expenses (excluding depreciation and amortization expense reflected below)			—						—						—						756						756
Depreciation and amortization expense			—						—						—						48						48
Operating income (loss) by segment			$	(1,342)					$	638					$	(69)					$	(806)					$	(1,579)
Total expenditures for long-lived assets (a)			$	1,838					$	548					$	23					$	27					$	2,436

________________________

(a)See note on page 124.

			Refining						Renewable Diesel						Ethanol						Corporate and Eliminations						Total
Year ended December 31, 2019
Revenues:
Revenues from external customers			$	103,746					$	970					$	3,606					$	2					$	108,324
Intersegment revenues			18						247						231						(496)						—
Total revenues			103,764						1,217						3,837						(494)						108,324
Cost of sales:
Cost of materials and other			93,371						360						3,239						(494)						96,476
Operating expenses (excluding depreciation and amortization expense reflected below)			4,289						75						504						—						4,868
Depreciation and amortization expense			2,062						50						90						—						2,202
Total cost of sales			99,722						485						3,833						(494)						103,546
Other operating expenses			20						—						1						—						21
General and administrative expenses (excluding depreciation and amortization expense reflected below)			—						—						—						868						868
Depreciation and amortization expense			—						—						—						53						53
Operating income by segment			$	4,022					$	732					$	3					$	(921)					$	3,836
Total expenditures for long-lived assets (a)			$	2,581					$	160					$	47					$	58					$	2,846

Year ended December 31, 2018
Revenues:
Revenues from external customers			$	113,093					$	508					$	3,428					$	4					$	117,033
Intersegment revenues			25						170						210						(405)						—
Total revenues			113,118						678						3,638						(401)						117,033
Cost of sales:
Cost of materials and other			101,866						262						3,008						(404)						104,732
Operating expenses (excluding depreciation and amortization expense reflected below)			4,154						66						470						—						4,690
Depreciation and amortization expense			1,910						29						78						—						2,017
Total cost of sales			107,930						357						3,556						(404)						111,439
Other operating expenses			45						—						—						—						45
General and administrative expenses (excluding depreciation and amortization expense reflected below)			—						—						—						925						925
Depreciation and amortization expense			—						—						—						52						52
Operating income by segment			$	5,143					$	321					$	82					$	(974)					$	4,572
Total expenditures for long-lived assets (a)			$	2,767					$	192					$	373					$	44					$	3,376

________________________

(a)Total expenditures for long-lived assets includes amounts related to capital expenditures; deferred turnaround and catalyst costs; and property, plant, and equipment for acquisitions.

Total assets by reportable segment were as follows (in millions):

			December 31,
			2020						2019
Refining			$	42,939					$	46,613
Renewable diesel			1,659						1,412
Ethanol			1,728						2,069
Corporate and eliminations			5,448						3,770
Total assets			$	51,774					$	53,864

Operating revenues from external customers by product

The following table provides a disaggregation of revenues from external customers for our principal products by reportable segment (in millions):

			Year Ended December 31,
			2020						2019						2018
Refining:
Gasolines and blendstocks			$	26,278					$	42,798					$	46,596
Distillates			28,234						51,942						55,037
Other product revenues			6,328						9,006						11,460
Total refining revenues			60,840						103,746						113,093
Renewable diesel:
Renewable diesel			1,055						970						508
Ethanol:
Ethanol			2,353						2,889						2,713
Distillers grains			664						717						715
Total ethanol revenues			3,017						3,606						3,428
Corporate – other revenues			—						2						4
Revenues			$	64,912					$	108,324					$	117,033

Operating revenues by geographic area of customer

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 revenues.

			Year Ended December 31,
			2020						2019						2018
U.S.			$	45,174					$	77,173					$	82,992
Canada			4,294						7,915						9,211
U.K. and Ireland			9,268						13,584						15,208
Other countries			6,176						9,652						9,622
Revenues			$	64,912					$	108,324					$	117,033

Geographic information by country for long-lived assets

Long-lived assets by geographic area consisted of the following (in millions):

			December 31,
			2020						2019
U.S.			$	28,184					$	27,485
Canada			1,877						1,886
U.K. and Ireland			1,353						1,232
Mexico and Peru			738						497
Total long-lived assets			$	32,152					$	31,100

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