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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue Disaggregated by Major Product | The following tables present the Company’s revenue disaggregated by major product, which include a reconciliation of the disaggregated revenue by the Company’s reportable segments:
| Three Months Ended September 30,
| 2024 |  | 2023
(in millions) | Petroleum Segment (1) |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated |  | Petroleum Segment (1) |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated
Gasoline | $ | 882 |  |  | $ | — |  |  | $ | — |  |  | $ | 882 |  |  | $ | 1,186 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,186 |
Distillates (2) | 699 |  |  | — |  |  | 37 |  |  | 736 |  |  | 1,057 |  |  | — |  |  | 67 |  |  | 1,124 |
Ammonia | — |  |  | 25 |  |  | — |  |  | 25 |  |  | — |  |  | 22 |  |  | — |  |  | 22 |
UAN | — |  |  | 77 |  |  | — |  |  | 77 |  |  | — |  |  | 86 |  |  | — |  |  | 86 |
Urea products | — |  |  | 8 |  |  | — |  |  | 8 |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Freight revenue (3) | 4 |  |  | 11 |  |  | — |  |  | 15 |  |  | 5 |  |  | 10 |  |  | — |  |  | 15 |
Other products (4) | 37 |  |  | 4 |  |  | 23 |  |  | 64 |  |  | 42 |  |  | 5 |  |  | 26 |  |  | 73 |
Revenue from product sales | 1,622 |  |  | 125 |  |  | 60 |  |  | 1,807 |  |  | 2,290 |  |  | 131 |  |  | 93 |  |  | 2,514 |
Crude oil sales | 26 |  |  | — |  |  | — |  |  | 26 |  |  | 8 |  |  | — |  |  | — |  |  | 8 |
Total revenue | $ | 1,648 |  |  | $ | 125 |  |  | $ | 60 |  |  | $ | 1,833 |  |  | $ | 2,298 |  |  | $ | 131 |  |  | $ | 93 |  |  | $ | 2,522 |
| Nine Months Ended September 30,
| 2024 |  | 2023
(in millions) | Petroleum Segment (1) |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated |  | Petroleum Segment (1) |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated
Gasoline | $ | 2,713 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,713 |  |  | $ | 3,287 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,287 |
Distillates (2) | 2,201 |  |  | — |  |  | 72 |  |  | 2,273 |  |  | 2,806 |  |  | — |  |  | 150 |  |  | 2,956 |
Ammonia | — |  |  | 84 |  |  | — |  |  | 84 |  |  | — |  |  | 116 |  |  | — |  |  | 116 |
UAN | — |  |  | 241 |  |  | — |  |  | 241 |  |  | — |  |  | 354 |  |  | — |  |  | 354 |
Urea products | — |  |  | 22 |  |  | — |  |  | 22 |  |  | — |  |  | 23 |  |  | — |  |  | 23 |
Freight revenue (3) | 14 |  |  | 27 |  |  | — |  |  | 41 |  |  | 13 |  |  | 32 |  |  | — |  |  | 45 |
Other products (4) | 125 |  |  | 12 |  |  | 40 |  |  | 177 |  |  | 123 |  |  | 15 |  |  | 65 |  |  | 203 |
Revenue from product sales | 5,053 |  |  | 386 |  |  | 112 |  |  | 5,551 |  |  | 6,229 |  |  | 540 |  |  | 215 |  |  | 6,984 |
Crude oil sales | 111 |  |  | — |  |  | — |  |  | 111 |  |  | 60 |  |  | — |  |  | — |  |  | 60 |
Other revenue | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total revenue | $ | 5,165 |  |  | $ | 386 |  |  | $ | 112 |  |  | $ | 5,663 |  |  | $ | 6,290 |  |  | $ | 540 |  |  | $ | 215 |  |  | $ | 7,045 |
(1)The Petroleum Segment may incur broker commissions or transportation costs in connection with certain sales. The broker costs are expensed since the contract durations are less than one year. Transportation costs are accounted for as fulfillment costs and are expensed as incurred. (2)Distillates consist primarily of diesel fuel, kerosene, jet fuel, and renewable fuels. (3)Freight revenue recognized by the Petroleum Segment is primarily tariff and line loss charges rebilled to customers to reimburse the Petroleum Segment for expenses incurred from a pipeline operator. Freight revenue recognized by the Nitrogen Fertilizer Segment represents the pass-through finished goods delivery costs incurred prior to customer acceptance and are reimbursed by customers. An offsetting expense for freight is included in Cost of materials and other. (4)Other products for the Petroleum Segment consists primarily of (i) feedstock, heavy oils, and liquified petroleum gas sales, (ii) sulfur credits, and (iii) pipeline and processing fees. For the Nitrogen Fertilizer Segment, other products consists of sales of (i) nitric acid and (ii) carbon oxide, including sales made in connection with the 45Q Transaction and the noncash consideration received, which is recognized as the performance obligation associated with the CO Contract is satisfied over its term through April 2030. Revenue, if any, from the CO Contract is recognized over time based on carbon oxide volumes measured at delivery. The Other/Elimination columns include certain credits related to renewable fuel activity and eliminations of intercompany transactions.
Schedule of Deferred Revenue from Contracts with Customers | The following table provides the balance sheet location and amounts of deferred revenue from contracts with customers for the Nitrogen Fertilizer Segment:
Contract Balance Type |  | Balance Sheet Location |  | September 30, 2024 |  | December 31, 2023
Deferred revenue |  | Other current liabilities |  | $ | 39 |  |  | $ | 16 |
Long-term deferred revenue |  | Other long-term liabilities |  | 29 |  |  | 33 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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