XML 71 R16.htm IDEA: XBRL DOCUMENT
v3.21.2

Revenue | 9 Months Ended
--- | ---
Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Revenue | (9) Revenue 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 September 30, 2021 |  | Nine Months Ended September 30, 2021
(in millions) | Petroleum |  | Nitrogen Fertilizer |  | Other / Elimination |  | Consolidated |  | Petroleum |  | Nitrogen Fertilizer |  | Other / Elimination |  | Consolidated
Major Product |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gasoline | $ | 962 |  |  | $ | — |  |  | $ | — |  |  | $ | 962 |  |  | $ | 2,619 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,619 |
Distillates (1) | 723 |  |  | — |  |  | — |  |  | 723 |  |  | 1,996 |  |  | — |  |  | — |  |  | 1,996 |
Ammonia | — |  |  | 27 |  |  | — |  |  | 27 |  |  | — |  |  | 68 |  |  | — |  |  | 68 |
UAN | — |  |  | 99 |  |  | — |  |  | 99 |  |  | — |  |  | 224 |  |  | — |  |  | 224 |
Other urea products | — |  |  | 8 |  |  | — |  |  | 8 |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Freight revenue | 5 |  |  | 9 |  |  | — |  |  | 14 |  |  | 16 |  |  | 24 |  |  | — |  |  | 40 |
Other (2) | 45 |  |  | 2 |  |  | (4) |  |  | 43 |  |  | 117 |  |  | 8 |  |  | (8) |  |  | 117 |
Revenue from product sales | 1,735 |  |  | 145 |  |  | (4) |  |  | 1,876 |  |  | 4,748 |  |  | 344 |  |  | (8) |  |  | 5,084 |
Crude oil sales | 6 |  |  | — |  |  | — |  |  | 6 |  |  | 43 |  |  | — |  |  | — |  |  | 43 |
Other revenue (2) | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Net sales | $ | 1,742 |  |  | $ | 145 |  |  | $ | (4) |  |  | $ | 1,883 |  |  | $ | 4,793 |  |  | $ | 344 |  |  | $ | (8) |  |  | $ | 5,129 |
| Three Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2020
(in millions) | Petroleum |  | Nitrogen Fertilizer |  | Other / Elimination |  | Consolidated |  | Petroleum |  | Nitrogen Fertilizer |  | Other / Elimination |  | Consolidated
Major Product |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gasoline | $ | 513 |  |  | $ | — |  |  | $ | — |  |  | $ | 513 |  |  | $ | 1,329 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,329 |
Distillates (1) | 381 |  |  | — |  |  | — |  |  | 381 |  |  | 1,102 |  |  | — |  |  | — |  |  | 1,102 |
Ammonia | — |  |  | 13 |  |  | — |  |  | 13 |  |  | — |  |  | 64 |  |  | — |  |  | 64 |
UAN | — |  |  | 51 |  |  | — |  |  | 51 |  |  | — |  |  | 153 |  |  | — |  |  | 153 |
Other urea products | — |  |  | 3 |  |  | — |  |  | 3 |  |  | — |  |  | 11 |  |  | — |  |  | 11 |
Freight revenue | 4 |  |  | 10 |  |  | — |  |  | 14 |  |  | 13 |  |  | 24 |  |  | — |  |  | 37 |
Other (2) | 21 |  |  | 2 |  |  | (1) |  |  | 22 |  |  | 56 |  |  | 8 |  |  | (5) |  |  | 59 |
Revenue from product sales | 919 |  |  | 79 |  |  | (1) |  |  | 997 |  |  | 2,500 |  |  | 260 |  |  | (5) |  |  | 2,755 |
Crude oil sales | 8 |  |  | — |  |  | — |  |  | 8 |  |  | 55 |  |  | — |  |  | — |  |  | 55 |
Other revenue (2) | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Net sales | $ | 927 |  |  | $ | 79 |  |  | $ | (1) |  |  | $ | 1,005 |  |  | $ | 2,556 |  |  | $ | 260 |  |  | $ | (5) |  |  | $ | 2,811 |
(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. Transaction Price Allocated to Remaining Performance Obligations As of September 30, 2021, the Nitrogen Fertilizer Segment had approximately $7 million of remaining performance obligations for contracts with an original expected duration of more than one year. The Nitrogen Fertilizer Segment expects to recognize approximately $1 million of these performance obligations as revenue by the end of 2021, an additional $4 million in 2022, and the remaining balance thereafter. Contract Balances The Nitrogen Fertilizer Segment’s deferred revenue is a contract liability that primarily relates to nitrogen fertilizer sales contracts requiring customer prepayment prior to product delivery to guarantee a price and supply of nitrogen fertilizer. A summary of the Nitrogen Fertilizer Segment’s deferred revenue activity during the nine months ended September 30, 2021 is presented below:
(in millions) |
Balance at December 31, 2020 | $ | 31 |
Add: |
New prepay contracts entered into during the period (1) | 54 |
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 | (21) |
Balance at September 30, 2021 | $ | 34 |
(1) Includes $50 million where payment associated with prepaid contracts was collected as of September 30, 2021.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration