XML 104 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1
Revenue (Tables)
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue Disaggregated by Major Product
The following tables provides a disaggregation of revenues from external customers for our principal products by reportable segment.
Year Ended December 31,
(in millions)202420232022
Petroleum Segment:
Gasoline$3,596 $4,288 $4,830 
Distillates (1)
2,934 3,746 4,788 
Other revenue379 233 284 
Total Petroleum Segment revenue
6,909 8,267 9,902 
Renewables Segment:
Renewable diesel103 194 111 
Renewable fuel credits74 105 47 
Total Renewables Segment revenue
177 299 158 
Nitrogen Fertilizer Segment:
Ammonia130 161 200 
UAN312 431 557 
Urea products30 29 33 
Other revenue (2)
52 60 46 
Total Nitrogen Fertilizer Segment revenue
524 681 836 
Total revenue$7,610 $9,247 $10,896 
(1)Distillates consist primarily of diesel fuel, kerosene, and jet fuel.
(2)Includes 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 from the CO Contract is recognized over time based on carbon oxide volumes measured at delivery.
Schedule of Deferred Revenue Activity
A summary of the Nitrogen Fertilizer Segment’s deferred revenue activity during the year ended December 31, 2024 is presented below (in millions):
Contract Balance TypeBalance Sheet LocationDecember 31, 2024December 31, 2023
Deferred revenueOther current liabilities$51 $16 
Long-term deferred revenueOther long-term liabilities27 33