Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2011

Condensed Consolidating Financial Statements [Abstract]

Condensed Consolidated Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheet as of December 31, 2011

(In millions)

	Parent		Guarantor Subsidiaries			Non-Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	805		$	95	$	—		$	900
Receivables, less allowance for doubtful accounts	1		1,189			82		—			1,272
Inventories	—		1,416			347		—			1,763
Prepayments and other	106		88			22		—			216
Total Current Assets	107		3,498			546		—			4,151
Net Property, Plant and Equipment	—		4,925			223		—			5,148
Investment in Subsidiaries	4,436		(284		)	282		(4,434		)	—
Long-Term Receivables from Affiliates	1,944		—			—		(1,944		)	—
Other Noncurrent Assets	42		548			53		(50		)	593
Total Assets	$	6,529	$	8,687		$	1,104	$	(6,428	)	$	9,892
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable and accrued liabilities	$	85	$	2,420		$	326	$	—		$	2,831
Current maturities of debt	299		2			117		—			418
Total Current Liabilities	384		2,422			443		—			3,249
Long-Term Payables to Affiliates	—		1,922			22		(1,944		)	—
Debt	1,264		19			50		(50		)	1,283
Other Noncurrent Liabilities	1,200		177			5		—			1,382
Equity-Tesoro Corporation	3,681		4,147			274		(4,434		)	3,668
Equity-Noncontrolling interest	—		—			310		—			310
Total Liabilities and Equity	$	6,529	$	8,687		$	1,104	$	(6,428	)	$	9,892

Condensed Consolidating Balance Sheet as of December 31, 2010

(In millions)

	Tesoro Corporation		Guarantor Subsidiaries			Non-Guarantors			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	612		$	36		$	—		$	648
Receivables, less allowance for doubtful accounts	8		719			181			—			908
Inventories	—		1,080			177			—			1,257
Prepayments and other	29		78			8			—			115
Total Current Assets	37		2,489			402			—			2,928
Net Property, Plant and Equipment	—		5,008			162			—			5,170
Investment in Subsidiaries	4,011		(147		)	(5		)	(3,859		)	—
Long-Term Receivables from Affiliates	2,037		—			88			(2,125		)	—
Other Noncurrent Assets	34		597			3			—			634
Total Assets	$	6,119	$	7,947		$	650		$	(5,984	)	$	8,732
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable and accrued liabilities	$	76	$	1,940		$	328		$	—		$	2,344
Current maturities of debt	—		2			150			—			152
Total Current Liabilities	76		1,942			478			—			2,496
Long-Term Payables to Affiliates	—		2,125			—			(2,125		)	—
Debt	1,823		20			—			—			1,843
Other Noncurrent Liabilities	1,005		174			(1		)	—			1,178
Equity-Tesoro Corporation	3,215		3,686			173			(3,859		)	3,215
Total Liabilities and Equity	$	6,119	$	7,947		$	650		$	(5,984	)	$	8,732

Condensed Consolidated Statement Of Operations [Table Text Block]

Condensed Consolidating Statement of Operations for the Year Ended December 31, 2011

(In millions)

	Parent			Guarantor Subsidiaries			Non- Guarantors			Eliminations			Consolidated
REVENUES	$	—		$	37,452		$	3,022		$	(10,171	)	$	30,303
Costs and expenses	10			36,434			2,950			(10,171		)	29,223
OPERATING INCOME (LOSS)	(10		)	1,018			72			—			1,080
Equity in earnings (loss) of subsidiaries	556			(47		)	87			(596		)	—
Other expense	(1		)	(165		)	(9		)	—			(175		)
EARNINGS (LOSS) BEFORE INCOME TAXES	545			806			150			(596		)	905
Income tax expense (benefit) (a)	(1		)	329			14			—			342
NET EARNINGS (LOSS)	546			477			136			(596		)	563
Less net income attributable to noncontrolling interest	—			—			17			—			17
NET INCOME (LOSS) ATTRIBUTABLE TO TESORO CORPORATION STOCKHOLDERS	$	546		$	477		$	119		$	(596	)	$	546

_______________

(a) The income tax expense (benefit) reflected in each column does not include any tax effect of the equity in earnings from corporate subsidiaries, but does include the tax effect of the corporate partners' share of partnership income.

Condensed Consolidating Statement of Operations for the Year Ended December 31, 2010

(In millions)

	Tesoro Corporation			Guarantor Subsidiaries			Non- Guarantors			Eliminations			Consolidated
REVENUES	$	—		$	26,108		$	2,624		$	(8,149	)	$	20,583
Costs and expenses	9			25,966			2,617			(8,149		)	20,443
OPERATING INCOME (LOSS)	(9		)	142			7			—			140
Equity in earnings (loss) of subsidiaries	(23		)	(45		)	—			68			—
Other expense	—			(164		)	(1		)	—			(165		)
EARNINGS (LOSS) BEFORE INCOME TAXES	(32		)	(67		)	6			68			(25		)
Income tax expense (benefit) (a)	(3		)	4			3			—			4
NET EARNINGS (LOSS)	$	(29	)	$	(71	)	$	3		$	68		$	(29	)

_______________

(a) The income tax expense (benefit) reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statement of Operations for the Year Ended December 31, 2009

(In millions)

	Tesoro Corporation			Guarantor Subsidiaries			Non- Guarantors			Eliminations			Consolidated
REVENUES	$	—		$	20,377		$	2,047		$	(5,552	)	$	16,872
Costs and expenses	7			20,428			2,046			(5,552		)	16,929
OPERATING INCOME (LOSS)	(7		)	(51		)	1			—			(57		)
Equity in earnings (loss) of subsidiaries	(135		)	(53		)	(3		)	191			—
Other expense	—			(131		)	—			—			(131		)
EARNINGS (LOSS) BEFORE INCOME TAXES	(142		)	(235		)	(2		)	191			(188		)
Income tax (benefit) (a)	(2		)	(46		)	—			—			(48		)
NET EARNINGS (LOSS)	$	(140	)	$	(189	)	$	(2	)	$	191		$	(140	)

_______________

(a) The income tax (benefit) reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidated Statement Of Cash Flows [Table Text Block]

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2011

(In millions)

	Parent			Guarantor Subsidiaries			Non-Guarantors			Eliminations			Consolidated
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES
Net cash from (used in) operating activities	$	(7	)	$	765		$	(69	)	$	—		$	689
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES
Capital expenditures	—			(293		)	(5		)	—			(298		)
Proceeds from asset sales	—			7			—			—			7
Intercompany notes, net	266			—			—			(266		)	—
Net cash from (used in) investing activities	266			(286		)	(5		)	(266		)	(291		)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
Borrowings under revolver	—			—			312			—			312
Repayments under revolver	—			—			(295		)	—			(295		)
Repayments of debt	(328		)	(1		)	—			—			(329		)
Proceeds from stock options exercised	12			—			—			—			12
Repurchases of common stock	(101		)	—			—			—			(101		)
Excess tax benefits from equity-based compensation arrangements	—			13			—			—			13
Payments of distribution to noncontrolling interest	—			—			(9		)	—			(9		)
Proceeds from issuance of common units-Tesoro Logistics LP	—			—			288			—			288
Distributions to General Partner	50			—			(50		)	—			—
Distributions to Common unitholders	31			39			(70		)	—			—
Distributions to Subordinated unitholders	99			123			(222		)	—			—
Net intercompany borrowings (repayments)	—			(451		)	185			266			—
Financing costs and other	(22		)	(9		)	(6		)	—			(37		)
Net cash from (used in) financing activities	(259		)	(286		)	133			266			(146		)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			193			59			—			252
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			612			36			—			648
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	805		$	95		$	—		$	900

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2010

(In millions)

	Tesoro Corporation			Guarantor Subsidiaries			Non-Guarantors			Eliminations			Consolidated
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES
Net cash from (used in) operating activities	$	4		$	517		$	(136	)	$	—		$	385
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES
Capital expenditures	—			(296		)	(1		)	—			(297		)
Proceeds from asset sales	—			2			—			—			2
Intercompany notes, net	(3		)	—			—			3			—
Net cash from (used in) investing activities	(3		)	(294		)	(1		)	3			(295		)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
Borrowings under revolver	66			—			150			—			216
Repayments under revolver	(66		)	—			—			—			(66		)
Repayments of debt	—			(3		)	—			—			(3		)
Proceeds from stock options exercised	5			—			—			—			5
Repurchases of common stock	(2		)	—			—			—			(2		)
Excess tax benefits from stock-based compensation arrangements	—			3			—			—			3
Net intercompany borrowings (repayments)	—			(22		)	25			(3		)	—
Financing costs and other	(4		)	—			(4		)	—			(8		)
Net cash from (used in) financing activities	(1		)	(22		)	171			(3		)	145
INCREASE IN CASH AND CASH EQUIVALENTS	—			201			34			—			235
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			411			2			—			413
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	612		$	36		$	—		$	648

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2009

(In millions)

	Tesoro Corporation			Guarantor Subsidiaries			Non-Guarantors			Eliminations			Consolidated
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES
Net cash from (used in) operating activities	$	(11	)	$	598		$	76		$	—		$	663
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES
Capital expenditures	—			(399		)	(38		)	—			(437		)
Proceeds from asset sales	—			1			—			—			1
Intercompany notes, net	(155		)	—			—			155			—
Net cash from (used in) investing activities	(155		)	(398		)	(38		)	155			(436		)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
Proceeds from debt borrowings	282			—			—			—			282
Borrowings under revolver	418			—			—			—			418
Repayments under revolver	(484		)	—			—			—			(484		)
Repayments of debt	—			(2		)	—			—			(2		)
Proceeds from stock options exercised	4			—			—			—			4
Repurchases of common stock	(2		)	—			—			—			(2		)
Dividend Payments	(49		)	—			—			—			(49		)
Excess tax benefits from stock-based compensation arrangements	—			2			—			—			2
Net intercompany borrowings (repayments)	—			191			(36		)	(155		)	—
Financing costs and other	(3		)	—			—			—			(3		)
Net cash from (used in) financing activities	166			191			(36		)	(155		)	166
INCREASE IN CASH AND CASH EQUIVALENTS	—			391			2			—			393
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			20			—			—			20
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	411		$	2		$	—		$	413