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Segments
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segments
(13) Segments

CVR Energy's revenues are derived from two operating segments: the petroleum segment and the nitrogen fertilizer segment. The Company evaluates the performance of its segments based primarily on segment operating income and EBITDA. For the purposes of the operating segment disclosure, the company presents operating income as it is the most comparable measure to the amounts presented on the condensed consolidated statement of operations. The other segment reflects intercompany eliminations, corporate cash and cash equivalents, income tax activities and other corporate activities that are not allocated to the operating segments.

The following table summarizes certain operating results and capital expenditures information by segment:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2018
 
2017
 
2018
 
2017
 
(in millions)
Net sales
 
 
 
 
 
 
 
Petroleum
$
1,824

 
$
1,338

 
$
3,282

 
$
2,762

Nitrogen Fertilizer
93

 
98

 
173

 
183

Other
(3
)
 
(2
)
 
(4
)
 
(3
)
Total
$
1,914

 
$
1,434

 
$
3,451

 
$
2,942

Operating income (loss)
 
 
 
 
 
 
 
Petroleum
$
117

 
$
(7
)
 
$
214

 
$
59

Nitrogen Fertilizer

 
12

 
(4
)
 
18

Other
(6
)
 
(4
)
 
(9
)
 
(8
)
Total operating income
111

 
1

 
201

 
69

Interest expense, net
(27
)
 
(27
)
 
(53
)
 
(54
)
Gain on derivatives, net
10

 

 
70

 
12

Other income, net
2

 

 
3

 
0

Earnings before income taxes
$
96

 
$
(26
)
 
$
221

 
$
27

Depreciation and amortization
 
 
 
 
 
 
 
Petroleum
$
33

 
$
32

 
$
67

 
$
66

Nitrogen Fertilizer
20

 
20

 
37

 
35

Other
2

 
2

 
4

 
4

Total
$
55

 
$
54

 
$
108

 
$
105

Capital expenditures
 
 
 
 
 
 
 
Petroleum
$
16

 
$
28

 
$
32

 
$
48

Nitrogen Fertilizer
6

 
4

 
9

 
9

Other

 
1

 
1

 
1

Total
$
22

 
$
33

 
$
42

 
$
58


The following table summarizes total assets by segment:
 
As of June 30, 2018
 
As of December 31, 2017
 
(in millions)
Total assets
 
 
 
Petroleum
$
2,366

 
$
2,270

Nitrogen Fertilizer
1,200

 
1,234

Other
284

 
303

Total
$
3,850

 
$
3,807