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Revenue (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue disaggregated by major product

The following tables present the Company’s revenue disaggregated by major product, which include a reconciliation of the disaggregated revenue by product and other revenue components for the Company’s reportable segments.

			Year Ended December 31, 2021
(in millions)			Petroleum						Nitrogen Fertilizer						Other / Eliminations						Consolidated
Gasoline			$	3,679					$	—					$	—					$	3,679
Distillates (1)			2,809						—						—						2,809
Ammonia			—						146						—						146
UAN			—						316						—						316
Other urea products			—						29						—						29
Freight revenue			21						31						—						52
Other (2)			163						11						(12)						162
Revenue from product sales			6,672						533						(12)						7,193
Crude oil sales			47						—						—						47
Other revenue (2)			2						—						—						2
Total revenue			$	6,721					$	533					$	(12)					$	7,242

			Year Ended December 31, 2020
(in millions)			Petroleum						Nitrogen Fertilizer						Other / Eliminations						Consolidated
Gasoline			$	1,882					$	—					$	—					$	1,882
Distillates (1)			1,543						—						—						1,543
Ammonia			—						94						—						94
UAN			—						198						—						198
Other urea products			—						15						—						15
Freight revenue			18						33						—						51
Other (2)			79						10						(6)						83
Revenue from product sales			3,522						350						(6)						3,866
Crude oil sales			63						—						—						63
Other revenue (2)			1						—						—						1
Total revenue			$	3,586					$	350					$	(6)					$	3,930

			Year Ended December 31, 2019
(in millions)			Petroleum						Nitrogen Fertilizer						Other / Eliminations						Consolidated
Gasoline			$	3,050					$	—					$	—					$	3,050
Distillates (1)			2,705						—						—						2,705
Ammonia			—						94						—						94
UAN			—						251						—						251
Other urea products			—						18						—						18
Freight revenue			23						33						—						56
Other (2)			129						8						(8)						129
Revenue from product sales			5,907						404						(8)						6,303
Crude oil sales			58						—						—						58
Other revenue (2)			3						—						—						3
Total revenue			$	5,968					$	404					$	(8)					$	6,364

(1)Distillates consist primarily of diesel fuel, kerosene, and jet fuel.

(2)Other revenue consists primarily of feedstock and asphalt sales and Cushing, OK storage tank lease revenue. See Note 2 (“Summary of Significant Accounting Policies”) for further discussion on the Cushing, OK storage tanks.

Summary of deferred revenue activity

A summary of the Nitrogen Fertilizer Segment’s deferred revenue activity during the year ended December 31, 2021 is presented below:

(in millions)
Balance at December 31, 2020			$	31
Add:
New prepay contracts entered into during the period (1)			147
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			(60)
Other changes			(1)
Balance at December 31, 2021			$	87

(1)Includes $94 million where the payment associated with prepaid contracts was collected.

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

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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

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