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Revenue (Tables) | 6 Months Ended
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Jun. 30, 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 also include a reconciliation of the disaggregated revenue with the Company’s reportable segments.
| Three Months Ended June 30, 2021 |  | Six Months Ended June 30, 2021
(in millions) | Petroleum |  | Nitrogen Fertilizer |  | Other / Elimination |  | Consolidated |  | Petroleum |  | Nitrogen Fertilizer |  | Other / Elimination |  | Consolidated
Major Product |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gasoline | $ | 908 |  |  | $ | — |  |  | $ | — |  |  | $ | 908 |  |  | $ | 1,657 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,657 |
Distillates (1) | 685 |  |  | — |  |  | — |  |  | 685 |  |  | 1,273 |  |  | — |  |  | — |  |  | 1,273 |
Ammonia | — |  |  | 32 |  |  | — |  |  | 32 |  |  | — |  |  | 42 |  |  | — |  |  | 42 |
UAN | — |  |  | 87 |  |  | — |  |  | 87 |  |  | — |  |  | 126 |  |  | — |  |  | 126 |
Other urea products | — |  |  | 7 |  |  | — |  |  | 7 |  |  | — |  |  | 11 |  |  | — |  |  | 11 |
Freight revenue | 5 |  |  | 9 |  |  | — |  |  | 14 |  |  | 11 |  |  | 15 |  |  | — |  |  | 26 |
Other (2) | 41 |  |  | 3 |  |  | (3) |  |  | 41 |  |  | 73 |  |  | 5 |  |  | (5) |  |  | 73 |
Revenue from product sales | 1,639 |  |  | 138 |  |  | (3) |  |  | 1,774 |  |  | 3,014 |  |  | 199 |  |  | (5) |  |  | 3,208 |
Crude oil sales | 8 |  |  | — |  |  | — |  |  | 8 |  |  | 37 |  |  | — |  |  | — |  |  | 37 |
Other revenue (2) | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Net sales | $ | 1,648 |  |  | $ | 138 |  |  | $ | (3) |  |  | $ | 1,783 |  |  | $ | 3,052 |  |  | $ | 199 |  |  | $ | (5) |  |  | $ | 3,246 |
| Three Months Ended June 30, 2020 |  | Six Months Ended June 30, 2020
(in millions) | Petroleum |  | Nitrogen Fertilizer |  | Other / Elimination |  | Consolidated |  | Petroleum |  | Nitrogen Fertilizer |  | Other / Elimination |  | Consolidated
Major Product |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gasoline | $ | 300 |  |  | $ | — |  |  | $ | — |  |  | $ | 300 |  |  | $ | 816 |  |  | $ | — |  |  | $ | — |  |  | $ | 816 |
Distillates (1) | 246 |  |  | — |  |  | — |  |  | 246 |  |  | 720 |  |  | — |  |  | — |  |  | 720 |
Ammonia | — |  |  | 37 |  |  | — |  |  | 37 |  |  | — |  |  | 51 |  |  | — |  |  | 51 |
UAN | — |  |  | 55 |  |  | — |  |  | 55 |  |  | — |  |  | 102 |  |  | — |  |  | 102 |
Other urea products | — |  |  | 4 |  |  | — |  |  | 4 |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Freight revenue | 4 |  |  | 7 |  |  | — |  |  | 11 |  |  | 9 |  |  | 15 |  |  | — |  |  | 24 |
Other (2) | 12 |  |  | 2 |  |  | (2) |  |  | 12 |  |  | 35 |  |  | 5 |  |  | (3) |  |  | 37 |
Revenue from product sales | 562 |  |  | 105 |  |  | (2) |  |  | 665 |  |  | 1,580 |  |  | 180 |  |  | (3) |  |  | 1,757 |
Crude oil sales | 10 |  |  | — |  |  | — |  |  | 10 |  |  | 48 |  |  | — |  |  | — |  |  | 48 |
Other revenue (2) | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Net sales | $ | 572 |  |  | $ | 105 |  |  | $ | (2) |  |  | $ | 675 |  |  | $ | 1,629 |  |  | $ | 180 |  |  | $ | (3) |  |  | $ | 1,806 |
(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 six months ended June 30, 2021 is presented below:
(in millions) |
Balance at December 31, 2020 | $ | 31 |
Add: |
New prepay contracts entered into during the period (1) | 30 |
Less: |
Revenue recognized that was included in the contract liability balance at the beginning of the period | (30) |
Revenue recognized related to contracts entered into during the period | (15) |
Balance at June 30, 2021 | $ | 16 |
(1) Includes $16 million where payment associated with prepaid contracts was collected as of June 30, 2021.

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- 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=123351226&loc=SL49130551-203045 + Details
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