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Business Segments
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Business Segments
(12) Business Segments

The Company has two operating segments: Petroleum and Nitrogen Fertilizer. These operating segments are also the Company’s reportable segments. As discussed in Note 1 (“Organization and Nature of Business”), the Petroleum Segment is comprised entirely of the consolidated operations of CVR Refining and its subsidiaries, while the Nitrogen Fertilizer Segment is comprised entirely of the consolidated operations of CVR Partners and its subsidiaries. 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. All operations of the segments are located within the United States.
The following tables summarize operating results, capital expenditures, and total asset information by segment:
Year Ended December 31,
(in millions)202020192018
Net sales
Petroleum$3,586 $5,968 $6,780 
Nitrogen Fertilizer350 404 351 
Other(6)(8)(7)
Total$3,930 $6,364 $7,124 
Operating (loss) income
Petroleum$(281)$574 $544 
Nitrogen Fertilizer(35)27 6 
Other(17)(21)(18)
Total(333)580 532 
Interest expense, net(130)(102)(102)
Investment income from marketable securities41 — — 
Other income, net7 13 15 
(Loss) income before income taxes$(415)$491 $445 
Depreciation and amortization
Petroleum$202 $202 $196 
Nitrogen Fertilizer76 80 72 
Other— 5 6 
Total$278 $287 $274 
Capital expenditures (1)
Petroleum$90 $89 $89 
Nitrogen fertilizer16 20 19 
Other15 5 3 
Total$121 $114 $111 

The following table summarizes total assets by segment:
December 31,
(in millions)20202019
Petroleum$2,991 $3,187 
Nitrogen Fertilizer1,033 1,138 
Other (2)(46)(420)
Total assets$3,978 $3,905 

(1)Capital expenditures are shown exclusive of capitalized turnaround expenditures.
(2)Includes elimination of intercompany assets and net cash proceeds from the Notes issued during the year ended December 31, 2020.