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Business Segments
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Business Segments
(13) Business Segments

CVR Energy’s revenues are primarily derived from two reportable 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 business segments 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 activities associated with our renewable fuels business, intercompany eliminations, corporate cash and cash equivalents, income tax activities, and other corporate activities that are not allocated or aggregated to the reportable segments.
The following table summarizes certain operating results and capital expenditures information by segment:
Three Months Ended
March 31,
(in millions)20232022
Net sales:
Petroleum$1,993 $2,154 
Nitrogen Fertilizer226 223 
Other, including intersegment eliminations (1)
67 (4)
Total net sales$2,286 $2,373 
Operating income (loss):
Petroleum$237 $130 
Nitrogen Fertilizer109 104 
Other, including intersegment eliminations (1)
(16)(14)
Total operating income (loss)
330 220 
Interest expense, net(18)(24)
Other income (expense), net3 (9)
Income before income tax expense$315 $187 
Depreciation and amortization:
Petroleum$46 $46 
Nitrogen Fertilizer15 19 
Other (1)
7 2 
Total depreciation and amortization$68 $67 
Capital expenditures: (2)
Petroleum$42 $19 
Nitrogen Fertilizer4 5 
Other (1)
13 26 
Total capital expenditures$59 $50 

The following table summarizes total assets by segment:
(in millions)March 31, 2023December 31, 2022
Petroleum$4,114 $4,354 
Nitrogen Fertilizer1,116 1,100 
Other, including intersegment eliminations (1)
(1,022)(1,335)
Total assets$4,208 $4,119 
(1)Other includes amounts for the Wynnewood Refinery’s renewable feedstock pretreater project.
(2)Capital expenditures are shown exclusive of capitalized turnaround expenditures.