Business Segments (Tables)

9 Months Ended

Sep. 30, 2014

The following table summarizes certain operating results and capital expenditures information by segment:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
	(in millions)
Net sales
Petroleum	$	2,215.2		$	1,910.5		$	7,056.9		$	6,322.6
Nitrogen Fertilizer	66.7			69.2			224.3			239.4
Intersegment elimination	(2.0		)	(2.6		)	(13.5		)	(12.2		)
Total	$	2,279.9		$	1,977.1		$	7,267.7		$	6,549.8
Cost of product sold (exclusive of depreciation and amortization)
Petroleum	$	2,053.7		$	1,734.7		$	6,289.6		$	5,317.0
Nitrogen Fertilizer	15.4			13.0			56.6			39.2
Intersegment elimination	(2.4		)	(3.3		)	(13.6		)	(12.7		)
Total	$	2,066.7		$	1,744.4		$	6,332.6		$	5,343.5
Direct operating expenses (exclusive of depreciation and amortization)
Petroleum	$	110.6		$	104.7		$	303.0		$	274.5
Nitrogen Fertilizer	26.1			23.7			77.2			70.7
Other	0.1			—			0.1			—
Total	$	136.8		$	128.4		$	380.3		$	345.2
Depreciation and amortization
Petroleum	$	29.7		$	28.8		$	89.9		$	85.2
Nitrogen Fertilizer	6.8			6.6			20.3			18.5
Other	1.3			0.8			3.5			1.7
Total	$	37.8		$	36.2		$	113.7		$	105.4
Operating income
Petroleum	$	3.9		$	23.4		$	320.4		$	588.1
Nitrogen Fertilizer	14.4			21.3			56.3			95.2
Other	(11.5		)	(4.3		)	(21.8		)	(12.6		)
Total	$	6.8		$	40.4		$	354.9		$	670.7
Capital expenditures
Petroleum	$	48.9		$	60.7		$	154.2		$	140.8
Nitrogen fertilizer	6.0			4.0			13.5			35.8
Other	1.6			4.3			3.7			7.0
Total	$	56.5		$	69.0		$	171.4		$	183.6



	As of September 30, 2014		As of December 31, 2013
	(in millions)
Total assets
Petroleum	$	2,691.7	$	2,533.3
Nitrogen Fertilizer	562.1		593.5
Other	498.6		539.0
Total	$	3,752.4	$	3,665.8
Goodwill
Petroleum	$	—	$	—
Nitrogen Fertilizer	41.0		41.0
Other	—		—
Total	$	41.0	$	41.0

- 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.

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