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Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2024
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 September 30,
| 2024 |  | 2023
(in millions) | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated |  | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated
Net sales | $ | 1,645 |  |  | $ | 124 |  |  | $ | 64 |  |  | $ | 1,833 |  |  | $ | 2,293 |  |  | $ | 131 |  |  | $ | 99 |  |  | $ | 2,522 |
Inter-segment fees and sales | 3 |  |  | 1 |  |  | (4) |  |  | — |  |  | 5 |  |  | — |  |  | (5) |  |  | — |
Total sales | 1,648 |  |  | 125 |  |  | 60 |  |  | 1,833 |  |  | 2,298 |  |  | 131 |  |  | 93 |  |  | 2,522 |
Operating (loss) income | $ | (119) |  |  | $ | 11 |  |  | $ | (5) |  |  | $ | (113) |  |  | $ | 431 |  |  | $ | 8 |  |  | $ | 6 |  |  | $ | 445 |
Interest expense, net |  |  |  |  |  |  | (18) |  |  |  |  |  |  |  |  | (11) |
Other income, net |  |  |  |  |  |  | 3 |  |  |  |  |  |  |  |  | 4 |
(Loss) income before income tax expense |  |  |  |  |  |  | $ | (128) |  |  |  |  |  |  |  |  | $ | 438 |
Depreciation and amortization | $ | 40 |  |  | $ | 25 |  |  | $ | 10 |  |  | $ | 75 |  |  | $ | 50 |  |  | $ | 23 |  |  | $ | 8 |  |  | $ | 81 |
Capital expenditures (1) | 28 |  |  | 10 |  |  | 1 |  |  | 39 |  |  | 26 |  |  | 8 |  |  | 17 |  |  | 51 |
| Nine Months Ended September 30,
| 2024 |  | 2023
(in millions) | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated |  | Petroleum Segment |  | Nitrogen Fertilizer Segment |  | Other / Elimination |  | Consolidated
Net sales | $ | 5,155 |  |  | $ | 385 |  |  | $ | 123 |  |  | $ | 5,663 |  |  | $ | 6,273 |  |  | $ | 540 |  |  | $ | 232 |  |  | $ | 7,045 |
Inter-segment fees and sales | 10 |  |  | 1 |  |  | (11) |  |  | — |  |  | 17 |  |  | — |  |  | (17) |  |  | — |
Total net sales | 5,165 |  |  | 386 |  |  | 112 |  |  | 5,663 |  |  | 6,290 |  |  | 540 |  |  | 215 |  |  | 7,045 |
Operating income (loss) | $ | 9 |  |  | $ | 65 |  |  | $ | (37) |  |  | $ | 37 |  |  | $ | 838 |  |  | $ | 184 |  |  | $ | (22) |  |  | $ | 1,000 |
Interest expense, net |  |  |  |  |  |  | (56) |  |  |  |  |  |  |  |  | (44) |
Other income, net |  |  |  |  |  |  | 10 |  |  |  |  |  |  |  |  | 10 |
(Loss) income before income tax expense |  |  |  |  |  |  | $ | (9) |  |  |  |  |  |  |  |  | $ | 966 |
Depreciation and amortization | $ | 133 |  |  | $ | 64 |  |  | $ | 27 |  |  | $ | 224 |  |  | $ | 141 |  |  | $ | 59 |  |  | $ | 21 |  |  | $ | 221 |
Capital expenditures (1) | 97 |  |  | 19 |  |  | 14 |  |  | 130 |  |  | 79 |  |  | 18 |  |  | 51 |  |  | 148 |
The following table summarizes total assets by segment:
(in millions) | September 30, 2024 |  | December 31, 2023
Petroleum | $ | 2,804 |  |  | $ | 2,978 |
Nitrogen Fertilizer | 987 |  |  | 975 |
Other, including intersegment eliminations | 87 |  |  | 754 |
Total assets | $ | 3,878 |  |  | $ | 4,707 |
(1)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 -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 2: 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 3: 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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