XML 84 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Revenue (Tables) | 9 Months Ended
--- | ---
Sep. 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 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.
Summary of deferred revenue activity | 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
- 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
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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