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Revenue | 6 Months Ended
--- | ---
Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Revenue | (9) Revenue 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. Transaction Price Allocated to Remaining Performance Obligations As of June 30, 2022, the Nitrogen Fertilizer Segment had approximately $8 million of remaining performance obligations for contracts with an original expected duration of more than one year. The Nitrogen Fertilizer Segment expects to recognize approximately $4 million of these performance obligations as revenue by the end of 2022, an additional $4 million in 2023, and a nominal amount thereafter. Contract Balances The Nitrogen Fertilizer Segment’s deferred revenue is a contract liability that primarily relates to nitrogen fertilizer sales contracts requiring customer prepayment prior to product delivery to guarantee a price and supply of nitrogen fertilizer. 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 The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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