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Business Segments
 3 Months Ended
Mar. 31, 2022
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
March 31,
(in millions)20222021
Net sales:
Petroleum$2,154 $1,404 
Nitrogen Fertilizer223 61 
Other, including intersegment eliminations(4)(2)
Total net sales$2,373 $1,463 
Operating income (loss):
Petroleum$130 $(115)
Nitrogen Fertilizer104 (14)
Other, including intersegment eliminations (1)
(14)(6)
Total operating income (loss)
220 (135)
Interest expense, net(24)(31)
Investment income on marketable securities— 62 
Other (expense) income, net(9)7 
Income (loss) before income tax expense$187 $(97)
Depreciation and amortization:
Petroleum$46 $51 
Nitrogen Fertilizer19 14 
Other (1)
2 1 
Total depreciation and amortization$67 $66 
Capital expenditures: (2)
Petroleum$19 $10 
Nitrogen Fertilizer5 3 
Other (1)
26 55 
Total capital expenditures$50 $68 

The following table summarizes total assets by segment:
(in millions)March 31, 2022December 31, 2021
Petroleum$3,874 $3,368 
Nitrogen Fertilizer1,103 1,127 
Other, including intersegment eliminations (1)
(632)(589)
Total assets$4,345 $3,906 
(1)Other includes amounts for the Wynnewood renewable diesel unit project.
(2)Capital expenditures are shown exclusive of capitalized turnaround expenditures and business combinations.