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Business Segments
 6 Months Ended
Jun. 30, 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
June 30,		Six Months Ended
June 30,
(in millions)2023202220232022
Net sales:
Petroleum$2,000 $2,868 $3,993 $5,022 
Nitrogen Fertilizer183 244 409 467 
Other, including intersegment eliminations 53 32 121 28 
Total net sales$2,236 $3,144 $4,523 $5,517 
Operating income (loss):
Petroleum$171 $297 $408 $427 
Nitrogen Fertilizer67 126 176 230 
Other, including intersegment eliminations (14)(21)(30)(34)
Total operating income (loss)
224 402 554 623 
Interest expense, net(16)(23)(32)(48)
Other income (expense), net4 (74)6 (84)
Income before income tax expense$212 $305 $528 $491 
Depreciation and amortization:
Petroleum$45 $46 $91 $93 
Nitrogen Fertilizer20 21 35 42 
Other 7 6 15 5 
Total depreciation and amortization$72 $73 $141 $140 
Capital expenditures: (2)
Petroleum$22 $19 $53 $38 
Nitrogen Fertilizer6 9 10 14 
Other (1)
20 13 34 39 
Total capital expenditures$48 $41 $97 $91 

The following table summarizes total assets by segment:
(in millions)June 30, 2023December 31, 2022
Petroleum$4,260 $4,354 
Nitrogen Fertilizer1,019 1,100 
Other, including intersegment eliminations (1)
(1,062)(1,335)
Total assets$4,217 $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.