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Business Segments
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Business Segments
(13) Business Segments

CVR Energy’s revenues are derived from two operating segments: the Petroleum Segment and the Nitrogen Fertilizer Segment. The Company evaluates the performance of its segments based primarily on segment operating income (loss) and Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”). For the purposes of the operating segment disclosure, the Company presents operating income (loss) as it is the most comparable measure to the amounts presented on the condensed consolidated statements of operations. 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.
The following table summarizes certain operating results and capital expenditures information by segment:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in millions)2021202020212020
Net sales
Petroleum$1,648 $572 $3,052 $1,629 
Nitrogen Fertilizer138 105 199 180 
Other, including intersegment eliminations(3)(2)(5)(3)
Total$1,783 $675 $3,246 $1,806 
Operating (loss) income
Petroleum$(20)$$(136)$(122)
Nitrogen Fertilizer30 (26)16 (31)
Other, including intersegment eliminations(4)(5)(9)(7)
Total6 (26)(129)(160)
Interest expense, net(38)(31)(69)(67)
Investment income on marketable securities21 21 83 52 
Other income, net3 (1)10 — 
Loss before income tax benefit$(8)$(37)$(105)$(175)
Depreciation and amortization
Petroleum$51 $50 $102 $99 
Nitrogen Fertilizer21 24 35 39 
Other — 1 — 
Total$72 $74 $138 $138 
Capital expenditures (1)
Petroleum$9 $22 $19 $63 
Nitrogen Fertilizer4 7 
Other (2)70 125 
Total$83 $26 $151 $73 

The following table summarizes total assets by segment:
(in millions)June 30, 2021December 31, 2020
Petroleum$3,317 $2,991 
Nitrogen Fertilizer1,019 1,033 
Other, including intersegment eliminations(538)(46)
Total Assets$3,798 $3,978 
(1)Capital expenditures are shown exclusive of capitalized turnaround expenditures and business combinations.
(2)Other includes amounts incurred for the Wynnewood renewable diesel unit project.