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Business Segments (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of 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)															2023						2022
Net sales:
Petroleum															$	1,993					$	2,154
Nitrogen Fertilizer															226						223
Other, including intersegment eliminations (1)															67						(4)
Total net sales															$	2,286					$	2,373
Operating income (loss):
Petroleum															$	237					$	130
Nitrogen Fertilizer															109						104
Other, including intersegment eliminations (1)															(16)						(14)
Total operating income (loss)															330						220
Interest expense, net															(18)						(24)
Other income (expense), net															3						(9)
Income before income tax expense															$	315					$	187
Depreciation and amortization:
Petroleum															$	46					$	46
Nitrogen Fertilizer															15						19
Other (1)															7						2
Total depreciation and amortization															$	68					$	67
Capital expenditures: (2)
Petroleum															$	42					$	19
Nitrogen Fertilizer															4						5
Other (1)															13						26
Total capital expenditures															$	59					$	50

The following table summarizes total assets by segment:

(in millions)			March 31, 2023						December 31, 2022
Petroleum			$	4,114					$	4,354
Nitrogen Fertilizer			1,116						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.

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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