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Business Segments
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Business Segments
(12) Business Segments

CVR Energy’s revenues are derived from two operating segments: the Petroleum Segment and the Nitrogen Fertilizer Segment. The Company evaluates the performance of its segments based primarily on segment operating income and EBITDA. For the purposes of the operating segment disclosure, the Company presents operating income as it is the most comparable measure to the amounts presented on the condensed consolidated statement of operations. The other amounts reflect intercompany eliminations, corporate cash and cash equivalents, income tax activities and other corporate activities that are not allocated to the operating segments.

The following table summarizes certain operating results and capital expenditures information by segment:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(in millions)
2019
 
2018
 
2019
 
2018
Net sales
 
 
 
 
 
 
 
Petroleum
$
1,535

 
$
1,857

 
$
4,484

 
$
5,139

Nitrogen Fertilizer
89

 
80

 
318

 
253

Other
(2
)
 
(2
)
 
(8
)
 
(6
)
Total
$
1,622

 
$
1,935

 
$
4,794

 
$
5,386

Operating Income
 
 
 
 
 
 
 
Petroleum
$
173

 
$
167

 
$
492

 
$
424

Nitrogen Fertilizer
(8
)
 
3

 
36

 
(2
)
Other
(6
)
 
(4
)
 
(17
)
 
(13
)
Total
159

 
166

 
511

 
409

Interest expense, net
(26
)
 
(26
)
 
(77
)
 
(79
)
Other income, net
5

 
3

 
10

 
6

Income before income taxes
$
138

 
$
143

 
$
444

 
$
336

Depreciation and amortization
 
 
 
 
 
 
 
Petroleum
$
51

 
$
49

 
$
152

 
$
146

Nitrogen Fertilizer
18

 
16

 
60

 
53

Other
2

 
1

 
5

 
5

Total
$
71

 
$
66

 
$
217

 
$
204

Capital expenditures (1)
 
 
 
 
 
 
 
Petroleum
$
27

 
$
22

 
$
65

 
$
51

Nitrogen Fertilizer
7

 
5

 
12

 
16

Other

 
1

 
4

 
3

Total
$
34

 
$
28

 
$
81

 
$
70


The following table summarizes total assets by segment:
(in millions)
September 30, 2019
 
December 31, 2018
Petroleum
$
3,076

 
$
2,453

Nitrogen Fertilizer
1,180

 
1,254

Other (2)
(294
)
 
293

Total Assets
$
3,962

 
$
4,000


 
(1)Capital expenditures are shown exclusive of turnarounds.
(2)Includes elimination of intercompany assets.