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Revenue (Tables) | 6 Months Ended
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Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of 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 June 30, 2022 |  | Six Months Ended June 30, 2022
(in millions) | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated |  | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated
Gasoline | $ | 1,421 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,421 |  |  | $ | 2,524 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,524 |
Distillates (1) | 1,350 |  |  | — |  |  | — |  |  | 1,350 |  |  | 2,312 |  |  | — |  |  | — |  |  | 2,312 |
Ammonia | — |  |  | 61 |  |  | — |  |  | 61 |  |  | — |  |  | 103 |  |  | — |  |  | 103 |
UAN | — |  |  | 159 |  |  | — |  |  | 159 |  |  | — |  |  | 319 |  |  | — |  |  | 319 |
Other urea products | — |  |  | 11 |  |  | — |  |  | 11 |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Freight revenue | 4 |  |  | 10 |  |  | — |  |  | 14 |  |  | 8 |  |  | 19 |  |  | — |  |  | 27 |
Other (2) | 81 |  |  | 3 |  |  | 32 |  |  | 116 |  |  | 160 |  |  | 6 |  |  | 28 |  |  | 194 |
Revenue from product sales | 2,856 |  |  | 244 |  |  | 32 |  |  | 3,132 |  |  | 5,004 |  |  | 467 |  |  | 28 |  |  | 5,499 |
Crude oil sales | 12 |  |  | — |  |  | — |  |  | 12 |  |  | 17 |  |  | — |  |  | — |  |  | 17 |
Other revenue (2) | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total revenue | $ | 2,868 |  |  | $ | 244 |  |  | $ | 32 |  |  | $ | 3,144 |  |  | $ | 5,022 |  |  | $ | 467 |  |  | $ | 28 |  |  | $ | 5,517 |
| Three Months Ended June 30, 2021 |  | Six Months Ended June 30, 2021
(in millions) | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated |  | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated
Gasoline | $ | 908 |  |  | $ | — |  |  | $ | — |  |  | $ | 908 |  |  | $ | 1,657 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,657 |
Distillates (1) | 685 |  |  | — |  |  | — |  |  | 685 |  |  | 1,273 |  |  | — |  |  | — |  |  | 1,273 |
Ammonia | — |  |  | 32 |  |  | — |  |  | 32 |  |  | — |  |  | 42 |  |  | — |  |  | 42 |
UAN | — |  |  | 87 |  |  | — |  |  | 87 |  |  | — |  |  | 126 |  |  | — |  |  | 126 |
Other urea products | — |  |  | 7 |  |  | — |  |  | 7 |  |  | — |  |  | 11 |  |  | — |  |  | 11 |
Freight revenue | 5 |  |  | 9 |  |  | — |  |  | 14 |  |  | 11 |  |  | 15 |  |  | — |  |  | 26 |
Other (2) | 41 |  |  | 3 |  |  | (3) |  |  | 41 |  |  | 73 |  |  | 5 |  |  | (5) |  |  | 73 |
Revenue from product sales | 1,639 |  |  | 138 |  |  | (3) |  |  | 1,774 |  |  | 3,014 |  |  | 199 |  |  | (5) |  |  | 3,208 |
Crude oil sales | 8 |  |  | — |  |  | — |  |  | 8 |  |  | 37 |  |  | — |  |  | — |  |  | 37 |
Other revenue (2) | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total revenue | $ | 1,648 |  |  | $ | 138 |  |  | $ | (3) |  |  | $ | 1,783 |  |  | $ | 3,052 |  |  | $ | 199 |  |  | $ | (5) |  |  | $ | 3,246 |
(1)Distillates consist primarily of diesel fuel, kerosene, and jet fuel. (2)Other revenue consists primarily of renewable fuels activity, 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 six months ended June 30, 2022 is presented below:
(in millions) |
Balance at December 31, 2021 | $ | 87 |
Add: |
New prepay contracts entered into during the period (1) | 16 |
Less: |
Revenue recognized that was included in the contract liability balance at the beginning of the period | (84) |
Revenue recognized related to contracts entered into during the period | (14) |
Other changes | (1) |
Balance at June 30, 2022 | $ | 4 |
(1) Includes $16 million where payment associated with prepaid contracts was collected as of June 30, 2022.

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- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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