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Revenue (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019
(in millions)	Petroleum				Nitrogen Fertilizer				Other / Eliminations				Consolidated
Major Product
Gasoline	$	816			$	—			$	—			$	816
Distillates (1)	689				—				—				689
Ammonia	—				50				—				50
UAN	—				74				—				74
Other urea products	—				5				—				5
Freight revenue	6				7				—				13
Other (2)	34				—				(3		)		31
Revenue from product sales	1,545				136				(3		)		1,678
Crude oil sales	6				—				—				6
Other revenue (2)	1				2				—				3
Total revenue	$	1,552			$	138			$	(3	)		$	1,687

	Six Months Ended June 30, 2019
(in millions)	Petroleum				Nitrogen Fertilizer				Other / Eliminations				Consolidated
Major Product
Gasoline	$	1,490			$	—			$	—			$	1,490
Distillates (1)	1,344				—				—				1,344
Ammonia	—				63				—				63
UAN	—				138				—				138
Other urea products	—				10				—				10
Freight revenue	11				15				—				26
Other (2)	73				—				(6		)		67
Revenue from product sales	2,918				226				(6		)		3,138
Crude oil sales	29				—				—				29
Other revenue (2)	2				4				—				6
Total revenue	$	2,949			$	230			$	(6	)		$	3,173

	Three Months Ended June 30, 2018
(in millions)	Petroleum				Nitrogen Fertilizer				Other / Eliminations				Consolidated
Major Product
Gasoline	$	896			$	—			$	—			$	896
Distillates (1)	832				—				—				832
Ammonia	—				28				—				28
UAN	—				51				—				51
Other urea products	—				5				—				5
Freight revenue	6				7				—				13
Other (2)	58				2				(3		)		57
Revenue from product sales	1,792				93				(3		)		1,882
Crude oil sales	31				—				—				31
Other revenue (2)	1				—				—				1
Total revenue	$	1,824			$	93			$	(3	)		$	1,914

	Six Months Ended June 30, 2018
(in millions)	Petroleum				Nitrogen Fertilizer				Other / Eliminations				Consolidated
Major Product
Gasoline	$	1,608			$	—			$	—			$	1,608
Distillates (1)	1,484				—				—				1,484
Ammonia	—				40				—				40
UAN	—				104				—				104
Other urea products	—				10				—				10
Freight revenue	11				15				—				26
Other (2)	112				4				(4		)		112
Revenue from product sales	3,215				173				(4		)		3,384
Crude oil sales	64				—				—				64
Other revenue (2)	3				—				—				3
Total revenue	$	3,282			$	173			$	(4	)		$	3,451

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

(2) Other revenue consists primarily of feedstock and asphalt sales and Cushing, OK storage tank lease revenue. See Note 5 (“Property, Plant and Equipment”) for further discussion on the Cushing, OK storage tanks.

Summary of deferred revenue activity

A summary of CVR Partners’ deferred revenue activity during the six months ended June 30, 2019 is presented below:

(in millions)
Balance at December 31, 2018	$	69
Add:
New prepay contracts entered into during the period	16
Less:
Revenue recognized that was included in the contract liability balance at the beginning of the period	68
Revenue recognized related to contracts entered into during the period	8
Balance at June 30, 2019	$	9

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- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118956577&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://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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