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Revenue (Tables)

9 Months Ended

Sep. 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 September 30, 2018
(In millions)	Petroleum				Nitrogen Fertilizer				Other / Eliminations				Consolidated
Major Product
Gasoline	$	951			$	—			$	—			$	951
Distillates (a)	840				—				—				840
Ammonia	—				11				—				11
UAN	—				53				—				53
Urea products	—				5				—				5
Freight revenue	6				9				—				15
Other (b)	47				2				(2		)		47
Revenue from product sales	1,844				80				(2		)		1,922
Crude oil sales	12				—				—				12
Other revenue	1				—				—				1
Total revenue	$	1,857			$	80			$	(2	)		$	1,935

	Nine Months Ended September 30, 2018
(In millions)	Petroleum				Nitrogen Fertilizer				Other / Eliminations				Consolidated
Major Product
Gasoline	$	2,558			$	—			$	—			$	2,558
Distillates (a)	2,324				—				—				2,324
Ammonia	—				51				—				51
UAN	—				157				—				157
Urea products	—				15				—				15
Freight revenue	17				24				—				41
Other (b)	161				6				(6		)		161
Revenue from product sales	5,060				253				(6		)		5,307
Crude oil sales	75				—				—				75
Other revenue	4				—				—				4
Total revenue	$	5,139			$	253			$	(6	)		$	5,386

(a) Distillates consist primarily of diesel fuel, kerosene and jet fuel.

(b) Other revenue consists primarily of feedstock and asphalt sales and Cushing, OK storage tank lease revenue. See Note 6 (Property, Plant and Equipment) for further discussion.

Summary of deferred revenue activity

A summary of CVR Partners’ deferred revenue activity during the nine months ended September 30, 2018 is presented below:

(In millions)		Nine Months Ended September 30,
Balance at January 1, 2018		$	34
Add:
New prepay contracts entered into during the period		36
Less:
Revenue recognized that was included in the contract liability balance at the beginning of the period		34
Revenue recognized related to contracts entered into during the period		4
Balance at September 30, 2018		$	32

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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
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