Business Segments (Tables)

12 Months Ended

Dec. 31, 2016

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



	Year Ended December 31,
	2016			2015			2014
	(in millions)
Net sales
Petroleum	$	4,431.3		$	5,161.9		$	8,829.7
Nitrogen Fertilizer	356.3			289.2			298.7
Intersegment elimination	(5.2		)	(18.6		)	(18.9		)
Total	$	4,782.4		$	5,432.5		$	9,109.5
Cost of materials and other
Petroleum	$	3,759.2		$	4,143.6		$	8,013.4
Nitrogen Fertilizer	93.7			65.2			72.0
Intersegment elimination	(5.4		)	(18.4		)	(19.4		)
Total	$	3,847.5		$	4,190.4		$	8,066.0
Direct operating expenses (exclusive of depreciation and amortization)
Petroleum	$	393.4		$	478.5		$	416.0
Nitrogen Fertilizer	148.3			106.1			98.9
Other	0.1			0.1			0.2
Total	$	541.8		$	584.7		$	515.1
Depreciation and amortization
Petroleum	$	129.0		$	130.2		$	122.5
Nitrogen Fertilizer	58.2			28.4			27.3
Other	5.9			5.5			4.6
Total	$	193.1		$	164.1		$	154.4
Operating income
Petroleum	$	77.8		$	361.7		$	207.2
Nitrogen Fertilizer	26.8			68.7			82.8
Other	(13.7		)	(8.8		)	(25.7		)
Total	$	90.9		$	421.6		$	264.3
Capital expenditures
Petroleum	$	102.3		$	194.7		$	191.3
Nitrogen fertilizer	23.2			17.0			21.1
Other	7.2			7.0			6.0
Total	$	132.7		$	218.7		$	218.4



	Year Ended December 31,
	2016		2015		2014
	(in millions)
Total assets*
Petroleum	$	2,331.9	$	2,189.0	$	2,410.7
Nitrogen Fertilizer	1,312.2		536.3		577.8
Other	406.1		574.1		465.8
Total	$	4,050.2	$	3,299.4	$	3,454.3
Goodwill
Petroleum	$	—	$	—	$	—
Nitrogen Fertilizer	41.0		41.0		41.0
Other	—		—		—
Total	$	41.0	$	41.0	$	41.0

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(*) Prior period amounts have been retrospectively adjusted for Accounting Standard Update No. 2015-03, which requires that costs incurred to issue debt be presented in the balance sheet as a direct reduction from the carrying value of the debt.