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Revenue
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue
(8) Revenue
The following table presents 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 June 30,Six Months Ended June 30,
(in millions)2025202420252024
Petroleum Segment:
Gasoline$774 $944 $1,427 $1,831 
Distillates (1)
649 734 1,190 1,502 
Crude oil sales86 72 332 85 
Other revenue49 42 84 92 
Total Petroleum Segment revenue
1,558 1,792 3,033 3,510 
Renewables Segment:
Renewable diesel29 26 53 36 
Renewable fuel credits6 16 11 22 
Total Renewables Segment revenue
35 42 64 58 
Nitrogen Fertilizer Segment:
Ammonia34 22 67 59 
UAN110 89 196 164 
Urea Products10 8 19 14 
Other revenue14 14 28 24 
Total Nitrogen Fertilizer Segment revenue
168 133 310 261 
Total revenue$1,761 $1,967 $3,407 $3,829 
(1)Distillates consist primarily of diesel fuel, kerosene, and jet fuel.
Remaining Performance Obligations
The Company has spot and term contracts with customers and the transaction prices are either fixed or based on market indices (variable consideration). The Company does not disclose remaining performance obligations for contracts that have terms of one year or less and for contracts where the variable consideration was entirely allocated to an unsatisfied performance obligation. As of June 30, 2025, these contracts have a remaining duration of less than one year.
As of June 30, 2025, the Nitrogen Fertilizer Segment had approximately $6 million of remaining performance obligations for contracts with an original expected duration of more than one year. The Nitrogen Fertilizer Segment expects to recognize $3 million of these performance obligations as revenue by the end of 2025, $3 million during 2026, and the remaining balance in 2027.
Contract Balances
The following table provides the balance sheet location and amounts of deferred revenue from contracts with customers for the Nitrogen Fertilizer Segment:
Contract Balance TypeBalance Sheet LocationJune 30, 2025December 31, 2024
Deferred revenueOther current liabilities$9 $51 
Long-term deferred revenueOther long-term liabilities24 27 
During the six months ended June 30, 2025 and 2024, the Company recognized revenue of $47 million and $13 million, respectively, that was included in the deferred revenue balances as of December 31, 2024 and December 31, 2023, respectively.