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Revenue (Tables)
 3 Months Ended
Mar. 31, 2021
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 March 31, 2021
(in millions)PetroleumNitrogen FertilizerOther / EliminationConsolidated
Major Product
Gasoline$750 $— $— $750 
Distillates (1)587 — — 587 
Ammonia— 10 — 10 
UAN— 38 — 38 
Other urea products— 5 — 5 
Freight revenue5 6 — 11 
Other (2)32 2 (2)32 
Revenue from product sales1,374 61 (2)1,433 
Crude oil sales29 — — 29 
Other revenue (2)1 — — 1 
Net sales$1,404 $61 $(2)$1,463 
Three Months Ended March 31, 2020
(in millions)PetroleumNitrogen FertilizerOther / EliminationConsolidated
Major Product
Gasoline$516 $— $— $516 
Distillates (1)476 — — 476 
Ammonia— 14 — 14 
UAN— 47 — 47 
Other urea products— 4 — 4 
Freight revenue5 8 — 13 
Other (2)23 2 (2)23 
Revenue from product sales1,020 75 (2)1,093 
Crude oil sales37 — — 37 
Net sales$1,057 $75 $(2)$1,130 

(1)Distillates consist primarily of diesel fuel, kerosene, and jet fuel.
(2)Other revenue consists primarily of feedstock, asphalt sales, and pipeline and processing fees.
Summary of deferred revenue activity A summary of the Nitrogen Fertilizer Segment’s deferred revenue activity during the three months ended March 31, 2021 is presented below:
(in millions)
Balance at December 31, 2020$31 
Add:
New prepay contracts entered into during the period (1)20 
Less:
Revenue recognized that was included in the contract liability balance at the beginning of the period(8)
Revenue recognized related to contracts entered into during the period(3)
Balance at March 31, 2021$40 

(1) Includes $19 million where payment associated with prepaid contracts was collected as of March 31, 2021.