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Revenue (Tables)

6 Months Ended

Jun. 30, 2020

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, 2020
(in millions)			Petroleum						Nitrogen Fertilizer						Other / Eliminations						Consolidated
Major Product
Gasoline			$	300					$	—					$	—					$	300
Distillates (1)			246						—						—						246
Ammonia			—						37						—						37
UAN			—						55						—						55
Other urea products			—						4						—						4
Freight revenue			4						7						—						11
Other (2)			12						2						(2)						12
Revenue from product sales			562						105						(2)						665
Crude oil sales			10						—						—						10
Net sales			$	572					$	105					$	(2)					$	675

			Six Months Ended June 30, 2020
(in millions)			Petroleum						Nitrogen Fertilizer						Other / Eliminations						Consolidated
Major Product
Gasoline			$	816					$	—					$	—					$	816
Distillates (1)			720						—						—						720
Ammonia			—						51						—						51
UAN			—						102						—						102
Other urea products			—						7						—						7
Freight revenue			9						15						—						24
Other (2)			35						5						(3)						37
Revenue from product sales			1,580						180						(3)						1,757
Crude oil sales			48						—						—						48
Other revenue (2)			1						—						—						1
Net sales			$	1,629					$	180					$	(3)					$	1,806

			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
Net sales			$	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
Net sales			$	2,949					$	230					$	(6)					$	3,173

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

(2)Other revenue consists primarily of feedstock and asphalt sales.

Summary of deferred revenue activity

A summary of the Nitrogen Fertilizer Segment’s deferred revenue activity during the six months ended June 30, 2020 is presented below:

(in millions)
Balance at December 31, 2019			$	28
Add:
New prepay contracts entered into during the period (1)			18
Less:
Revenue recognized that was included in the contract liability balance at the beginning of the period			27
Revenue recognized related to contracts entered into during the period			16
Balance at June 30, 2020			$	3

(1) Includes $17 million where payment associated with prepaid contracts was collected as of June 30, 2020.

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ 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=121604090&loc=SL49130551-203045

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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://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=121604090&loc=SL49130545-203045

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- References

No definition available.

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