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Business Segments (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Operating results and capital expenditures information by segment

The following table summarizes certain operating results and capital expenditures information by segment:

									Three Months Ended March 31,
(in millions)															2022						2021
Net sales:
Petroleum															$	2,154					$	1,404
Nitrogen Fertilizer															223						61
Other, including intersegment eliminations															(4)						(2)
Total net sales															$	2,373					$	1,463
Operating income (loss):
Petroleum															$	130					$	(115)
Nitrogen Fertilizer															104						(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 Fertilizer															19						14
Other (1)															2						1
Total depreciation and amortization															$	67					$	66
Capital expenditures: (2)
Petroleum															$	19					$	10
Nitrogen Fertilizer															5						3
Other (1)															26						55
Total capital expenditures															$	50					$	68

The following table summarizes total assets by segment:

(in millions)			March 31, 2022						December 31, 2021
Petroleum			$	3,874					$	3,368
Nitrogen Fertilizer			1,103						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.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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- References

No definition available.

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