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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

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- 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

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- 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

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