XML 74 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1

Revenue (Tables)

12 Months Ended

Dec. 31, 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 by product and other revenue components for the Company’s reportable segments.

	Year Ended December 31, 2018
(in millions)	Petroleum				Nitrogen Fertilizer				Other / Eliminations				Consolidated
Gasoline	$	3,383			$	—			$	—			$	3,383
Distillates (a)	3,067				—				—				3,067
Ammonia	—				66				—				66
UAN	—				222				—				222
Other urea products	—				21				—				21
Freight revenue	23				34				—				57
Other (b)	206				8				(7		)		207
Revenue from product sales	6,679				351				(7		)		7,023
Crude oil sales	96				—				—				96
Other revenue (b)	5				—				—				5
Total revenue	$	6,780			$	351			$	(7	)		$	7,124

(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 2 (“Summary of Significant Accounting Policies”) for further discussion.

Summary of deferred revenue activity

A summary of the Nitrogen Fertilizer Segment’s deferred revenue activity during the year ended December 31, 2018 is presented below:

(in millions)		Year Ended December 31, 2018
Balance at January 1, 2018		$	34
Add:
New prepay contracts entered into during the period, net of adjustments		92
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		23
Balance at December 31, 2018		$	69

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