XML 35 R21.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Revenue (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Revenue from Contract with Customer [Abstract] |
Revenue disaggregated by major product | The following tables present the Company’s revenue disaggregated by major product. The following tables include a reconciliation of the disaggregated revenue with the Company's reportable segments.
| Three Months Ended June 30, 2018
| Petroleum |  | Nitrogen Fertilizer |  | Other / Eliminations |  | Consolidated
| (in millions)
Major Product |  |  |  |  |  |  |
Gasoline | $ | 896 |  |  | $ | — |  |  | $ | — |  |  | $ | 896 |
Distillates (a) | 832 |  |  | — |  |  | — |  |  | 832 |
Ammonia | — |  |  | 28 |  |  | — |  |  | 28 |
UAN | — |  |  | 51 |  |  | — |  |  | 51 |
Urea products | — |  |  | 5 |  |  | — |  |  | 5 |
Freight revenue | 6 |  |  | 7 |  |  | — |  |  | 13 |
Other (b) | 89 |  |  | 2 |  |  | (3 | ) |  | 88 |
Revenue from product sales | 1,823 |  |  | 93 |  |  | (3 | ) |  | 1,913 |
Other revenue (c) | 1 |  |  | — |  |  | — |  |  | 1 |
Total revenue | $ | 1,824 |  |  | $ | 93 |  |  | $ | (3 | ) |  | $ | 1,914 |
| Six Months Ended June 30, 2018
| Petroleum |  | Nitrogen Fertilizer |  | Other / Eliminations |  | Consolidated
| (in millions)
Major Product |  |  |  |  |  |  |
Gasoline | $ | 1,608 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,608 |
Distillates (a) | 1,484 |  |  | — |  |  | — |  |  | 1,484 |
Ammonia | — |  |  | 40 |  |  | — |  |  | 40 |
UAN | — |  |  | 104 |  |  | — |  |  | 104 |
Urea products | — |  |  | 10 |  |  | — |  |  | 10 |
Freight revenue | 11 |  |  | 15 |  |  | — |  |  | 26 |
Other (b) | 176 |  |  | 4 |  |  | (4 | ) |  | 176 |
Revenue from product sales | 3,279 |  |  | 173 |  |  | (4 | ) |  | 3,448 |
Other revenue (c) | 3 |  |  | — |  |  | — |  |  | 3 |
Total revenue | $ | 3,282 |  |  | $ | 173 |  |  | $ | (4 | ) |  | $ | 3,451 |
(a) | Distillates consist primarily of diesel fuel, kerosene and jet fuel.
(b) | Other product sales primarily include crude oil, feedstocks and asphalt sales attributable to the petroleum segment and nitric acid and carbon dioxide sales attributable to the nitrogen fertilizer segment. Feedstocks are petroleum products, such as crude oil and natural gas liquids, that are processed and blended into refined products, such as gasoline, diesel fuel and jet fuel, during the refining process.
(c) | Other revenue consists primarily of Cushing, OK storage tank lease revenue.
Summary of deferred revenue activity | A summary of CVR Partners' deferred revenue activity during the six months ended June 30, 2018 is presented below:
|  | Six Months Ended June 30,
|  | (in millions)
Balance at January 1, 2018 |  | $ | 34 |
Add: |  |
New prepay contracts entered into during the period |  | 14 |
Less: |  |
Revenue recognized that was included in the contract liability balance at the beginning of the period |  | 32 |
Revenue recognized related to contracts entered into during the period |  | 5 |
Other changes |  | — |
Balance at June 30, 2018 |  | $ | 11 |

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration