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Business Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Operating results and capital expenditures information by segment

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

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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- References

No definition available.

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