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Business Segment | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Business Segment | Business Segment The Company's operations have one reportable segment which is Marketing. The operations include the sale of retail motor fuel products and convenience merchandise along with the wholesale and bulk sale capabilities of our Product Supply and Wholesale ("PS&W") group. As the primary purpose of the PS&W group is to support our retail operations and provide fuel for their daily operation, the bulk and wholesale fuel sales are secondary to the support functions performed by these groups. As such, they are all treated as one segment for reporting purposes as they sell the same products. This Marketing segment contains essentially all of the revenue generating functions of the Company. Results not included in the reportable segment include Corporate and Other Assets. Net settlement proceeds from litigation are included in Corporate and other assets operating income. The reportable segment was determined based on information reviewed by the Chief Operating Decision Maker (CODM).
|  |  |  | Three Months Ended |  |  |  |  |  |
|  |  |  | June 30, 2020 |  |  |  | June 30, 2019 |  |
|  | Total Assets at |  | External Revenues |  | Income (Loss) |  | External Revenues |  | Income (Loss)
(Millions of dollars) |  | June 30, 2020 |  |  |  |  |  |  |  |
Marketing |  | $ | 2,353.2 |  |  | $ | 2,379.6 |  |  | $ | 179.6 |  |  | $ | 3,800.4 |  |  | $ | 44.5 |
Corporate and other assets |  | 507.5 |  |  | — |  |  | (10.7) |  |  | — |  |  | (11.8) |
Total |  | $ | 2,860.7 |  |  | $ | 2,379.6 |  |  | $ | 168.9 |  |  | $ | 3,800.4 |  |  | $ | 32.7 |
|  |  |  | Six Months Ended |  |  |  |  |  |
|  |  |  | June 30, 2020 |  |  |  | June 30, 2019 |  |
|  |  |  | External Revenues |  | Income (Loss) |  | External Revenues |  | Income (Loss)
(Millions of dollars) |  |  |  |  |  |  |  |  |  |
Marketing |  |  |  | $ | 5,564.3 |  |  | $ | 280.5 |  |  | $ | 6,916.7 |  |  | $ | 60.7 |
Corporate and other assets |  |  |  | 0.1 |  |  | (22.3) |  |  | 0.1 |  |  | (22.7) |
Total |  |  |  | $ | 5,564.4 |  |  | $ | 258.2 |  |  | $ | 6,916.8 |  |  | $ | 38.0 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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