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Business Segments
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Business Segments
(12) Business Segments

The Company has two operating segments: Petroleum and Nitrogen Fertilizer. These operating segments are also the Company’s reportable segments. As discussed in Note 1 (“Organization and Nature of Business”), the Petroleum Segment is comprised entirely of the consolidated operations of CVR Refining and its subsidiaries, while the Nitrogen Fertilizer Segment is comprised entirely of the consolidated operations of CVR Partners and its subsidiaries. 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. All operations of the segments are located within the United States.
The following tables summarize operating results, capital expenditures, and total asset information by segment:
Year Ended December 31,
(in millions)202120202019
Net sales:
Petroleum$6,721 $3,586 $5,968 
Nitrogen Fertilizer533 350 404 
Other(12)(6)(8)
Total net sales$7,242 $3,930 $6,364 
Operating income (loss):
Petroleum$(27)$(281)$574 
Nitrogen Fertilizer134 (35)27 
Other(20)(17)(21)
Total operating income (loss)
87 (333)580 
Interest expense, net(117)(130)(102)
Investment income from marketable securities81 41 — 
Other income, net15 7 13 
Income (loss) before income tax expense$66 $(415)$491 
Depreciation and amortization:
Petroleum$203 $202 $202 
Nitrogen Fertilizer73 76 80 
Other (2)
3 — 5 
Total depreciation and amortization$279 $278 $287 
Capital expenditures: (1)
Petroleum$50 $90 $89 
Nitrogen fertilizer26 16 20 
Other (2)
150 15 5 
Total capital expenditures$226 $121 $114 

The following table summarizes total assets by segment:
December 31,
(in millions)20212020
Petroleum$3,368 $2,991 
Nitrogen Fertilizer1,127 1,033 
Other, including intersegment eliminations(589)(46)
Total assets$3,906 $3,978 
(1)Capital expenditures are shown exclusive of capitalized turnaround expenditures and business combinations.
(2)Other includes expenses related to and amounts incurred for the Wynnewood renewable diesel unit project.