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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Operating Results and Capital Expenditures Information by Segment | The following tables summarize operating results and capital expenditures information by segment:
| Year Ended December 31, 2023
(in millions) | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Eliminations |  | Consolidated
Net sales | $ | 8,267 |  |  | $ | 681 |  |  | $ | 299 |  |  | $ | 9,247 |
Inter-segment fees and sales | 20 |  |  | — |  |  | (20) |  |  | — |
Total sales | 8,287 |  |  | 681 |  |  | 279 |  |  | 9,247 |
Operating income (loss) | $ | 982 |  |  | $ | 201 |  |  | $ | (60) |  |  | $ | 1,123 |
Interest income (expense) | 75 |  |  | (29) |  |  | (98) |  |  | (52) |
Other income, net |  |  |  |  |  |  | 14 |
Income before income tax expense |  |  |  |  |  |  | $ | 1,085 |
Depreciation and amortization | $ | 189 |  |  | $ | 80 |  |  | $ | 29 |  |  | $ | 298 |
Capital expenditures (1) | 108 |  |  | 29 |  |  | 60 |  |  | 197 |
| Year Ended December 31, 2022
(in millions) | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Eliminations |  | Consolidated
Net sales | $ | 9,902 |  |  | $ | 836 |  |  | $ | 158 |  |  | $ | 10,896 |
Inter-segment fees and sales | 17 |  |  | — |  |  | (17) |  |  | — |
Total sales | 9,919 |  |  | 836 |  |  | 141 |  |  | 10,896 |
Operating income (loss) | $ | 719 |  |  | $ | 320 |  |  | $ | (76) |  |  | $ | 963 |
Interest income (expense) | 41 |  |  | (34) |  |  | (92) |  |  | (85) |
Other expense, net |  |  |  |  |  |  | (77) |
Income before income tax expense |  |  |  |  |  |  | $ | 801 |
Depreciation and amortization | $ | 187 |  |  | $ | 82 |  |  | $ | 19 |  |  | $ | 288 |
Capital expenditures (1) | 86 |  |  | 41 |  |  | 76 |  |  | 203 |
| Year Ended December 31, 2021
(in millions) | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Eliminations |  | Consolidated
Net sales | $ | 6,710 |  |  | $ | 533 |  |  | $ | (1) |  |  | $ | 7,242 |
Inter-segment fees and sales | 11 |  |  | — |  |  | (11) |  |  | — |
Total sales | 6,721 |  |  | 533 |  |  | (12) |  |  | 7,242 |
Operating (loss) income | $ | (27) |  |  | $ | 134 |  |  | $ | (20) |  |  | $ | 87 |
Interest income (expense) | 21 |  |  | (61) |  |  | (77) |  |  | (117) |
Investment income on marketable securities |  |  |  |  |  |  | 81 |
Other income, net |  |  |  |  |  |  | 15 |
Income before income tax benefit |  |  |  |  |  |  | $ | 66 |
Depreciation and amortization | $ | 203 |  |  | $ | 73 |  |  | $ | 3 |  |  | $ | 279 |
Capital expenditures (1) | 50 |  |  | 26 |  |  | 150 |  |  | 226 |
The following table summarizes total assets by segment:
| December 31,
(in millions) | 2023 |  | 2022 |  |
Petroleum | $ | 2,978 |  |  | $ | 4,354 |  |  |
Nitrogen Fertilizer | 975 |  |  | 1,100 |  |  |
Other, including inter-segment eliminations (2) | 754 |  |  | (1,335) |  |  |
Total assets | $ | 4,707 |  |  | $ | 4,119 |  |  |
(1)Capital expenditures are shown exclusive of capitalized turnaround expenditures and business combinations. (2)Other includes amounts for the Wynnewood renewable diesel unit project and renewable feedstock pretreater project.

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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