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Business Segments | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
Business Segments | (13) Business 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 Earnings Before Interest, Taxes, Depreciation, and Amortization (“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 amounts reflect 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 March 31, |  |
(in millions) |  |  |  |  | 2020 |  | 2019
Net sales |  |  |  |  |  |  |
Petroleum |  |  |  |  | $ | 1,057 |  |  | $ | 1,397 |
Nitrogen Fertilizer |  |  |  |  | 75 |  |  | 92 |
Other |  |  |  |  | (2) |  |  | (3) |
Total |  |  |  |  | $ | 1,130 |  |  | $ | 1,486 |
Operating (loss) income |  |  |  |  |  |  |
Petroleum |  |  |  |  | $ | (127) |  |  | $ | 156 |
Nitrogen Fertilizer |  |  |  |  | (5) |  |  | 9 |
Other |  |  |  |  | (3) |  |  | (5) |
Total |  |  |  |  | (135) |  |  | 160 |
Interest expense, net |  |  |  |  | (35) |  |  | (26) |
Investment income from marketable securities |  |  |  |  | 31 |  |  | — |
Other income, net |  |  |  |  | 2 |  |  | 3 |
(Loss) income before income taxes |  |  |  |  | $ | (137) |  |  | $ | 137 |
Depreciation and amortization |  |  |  |  |  |  |
Petroleum |  |  |  |  | $ | 48 |  |  | $ | 49 |
Nitrogen Fertilizer |  |  |  |  | 16 |  |  | 16 |
Other |  |  |  |  | — |  |  | 2 |
Total |  |  |  |  | $ | 64 |  |  | $ | 67 |
Capital expenditures (1) |  |  |  |  |  |  |
Petroleum |  |  |  |  | $ | 40 |  |  | $ | 20 |
Nitrogen Fertilizer |  |  |  |  | 6 |  |  | 3 |
Other |  |  |  |  | 2 |  |  | — |
Total |  |  |  |  | $ | 48 |  |  | $ | 23 |
The following table summarizes total assets by segment:
(in millions) | March 31, 2020 |  | December 31, 2019
Petroleum | $ | 2,961 |  |  | $ | 3,187 |
Nitrogen Fertilizer | 1,134 |  |  | 1,138 |
Other (2) | 30 |  |  | (420) |
Total Assets | $ | 4,125 |  |  | $ | 3,905 |
(1)Capital expenditures are shown exclusive of capitalized turnaround expenditures and capitalized software costs. (2)Includes elimination of intercompany assets and net cash proceeds from the 2025 and 2028 Notes issued during the three months ended March 31, 2020.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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