Business Segments (Tables)

6 Months Ended

Jun. 30, 2016

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



	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(in millions)
Net sales
Petroleum	$	1,164.4		$	1,547.5		$	1,998.4		$	2,852.0
Nitrogen Fertilizer	119.8			80.8			192.9			173.9
Intersegment elimination	(1.0		)	(4.1		)	(2.6		)	(12.8		)
Total	$	1,283.2		$	1,624.2		$	2,188.7		$	3,013.1
Cost of product sold (exclusive of depreciation and amortization)
Petroleum	$	941.9		$	1,180.9		$	1,664.2		$	2,237.1
Nitrogen Fertilizer	36.0			15.4			52.4			41.2
Intersegment elimination	(1.0		)	(4.1		)	(2.9		)	(12.5		)
Total	$	976.9		$	1,192.2		$	1,713.7		$	2,265.8
Direct operating expenses (exclusive of depreciation and amortization)
Petroleum	$	84.0		$	90.3		$	201.7		$	177.3
Nitrogen Fertilizer	54.2			25.1			77.9			49.6
Other	0.1			—			0.1			—
Total	$	138.3		$	115.4		$	279.7		$	226.9
Depreciation and amortization
Petroleum	$	31.6		$	34.2		$	63.1		$	68.2
Nitrogen Fertilizer	17.6			7.0			24.5			13.8
Other	1.5			1.3			3.1			2.5
Total	$	50.7		$	42.5		$	90.7		$	84.5
Operating income
Petroleum	$	90.1		$	250.8		$	34.1		$	360.0
Nitrogen Fertilizer	3.7			28.7			23.4			60.2
Other	(3.1		)	(5.3		)	(6.7		)	(9.4		)
Total	$	90.7		$	274.2		$	50.8		$	410.8
Capital expenditures
Petroleum	$	24.0		$	36.4		$	68.0		$	78.1
Nitrogen Fertilizer	10.1			3.4			11.9			6.0
Other	1.2			1.4			2.9			2.6
Total	$	35.3		$	41.2		$	82.8		$	86.7