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Statements of Consolidated Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
REVENUES (a) $ 40,633us-gaap_RefiningAndMarketingRevenue $ 37,601us-gaap_RefiningAndMarketingRevenue $ 29,809us-gaap_RefiningAndMarketingRevenue
COSTS AND EXPENSES:      
Cost of sales (a) 35,691us-gaap_RefiningAndMarketingCosts 34,085us-gaap_RefiningAndMarketingCosts 26,045us-gaap_RefiningAndMarketingCosts
Operating expenses 2,402us-gaap_OperatingCostsAndExpenses 1,911us-gaap_OperatingCostsAndExpenses 1,405us-gaap_OperatingCostsAndExpenses
Selling, general and administrative expenses 342us-gaap_SellingGeneralAndAdministrativeExpense 337us-gaap_SellingGeneralAndAdministrativeExpense 297us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation and amortization expense 562us-gaap_DepreciationDepletionAndAmortization 489us-gaap_DepreciationDepletionAndAmortization 418us-gaap_DepreciationDepletionAndAmortization
Loss on asset disposals and impairments 4us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges 24us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges 23us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges
OPERATING INCOME 1,632us-gaap_OperatingIncomeLoss 755us-gaap_OperatingIncomeLoss 1,621us-gaap_OperatingIncomeLoss
Interest and financing costs, net (235)us-gaap_InterestAndDebtExpense [1] (149)us-gaap_InterestAndDebtExpense [1] (165)us-gaap_InterestAndDebtExpense [1]
Equity in earnings of equity method investments 10us-gaap_IncomeLossFromEquityMethodInvestments 11us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments
Other income (expense), net 57us-gaap_OtherNonoperatingIncomeExpense [2] 63us-gaap_OtherNonoperatingIncomeExpense [2] (26)us-gaap_OtherNonoperatingIncomeExpense [2]
EARNINGS BEFORE INCOME TAXES 1,464us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 680us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 1,430us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 547us-gaap_IncomeTaxExpenseBenefit [3] 246us-gaap_IncomeTaxExpenseBenefit [3] 527us-gaap_IncomeTaxExpenseBenefit [3]
NET EARNINGS FROM CONTINUING OPERATIONS 917us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 434us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 903us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Earnings (loss) from discontinued operations, net of tax (29)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 20us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (133)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
NET EARNINGS 888us-gaap_ProfitLoss 454us-gaap_ProfitLoss 770us-gaap_ProfitLoss
Less: Net earnings from continuing operations attributable to noncontrolling interest 45us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 42us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 27us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
NET EARNINGS ATTRIBUTABLE TO TESORO CORPORATION 843us-gaap_NetIncomeLoss 412us-gaap_NetIncomeLoss 743us-gaap_NetIncomeLoss
NET EARNINGS (LOSS) ATTRIBUTABLE TO TESORO CORPORATION:      
Continuing operations 872us-gaap_IncomeLossFromContinuingOperations 392us-gaap_IncomeLossFromContinuingOperations 876us-gaap_IncomeLossFromContinuingOperations
Discontinued operations (29)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 20us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (133)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Total 843us-gaap_NetIncomeLoss 412us-gaap_NetIncomeLoss 743us-gaap_NetIncomeLoss
NET EARNINGS (LOSS) PER SHARE - BASIC:      
Continuing operations $ 6.79us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.90us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 6.28us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations $ (0.23)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.15us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.95)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Total $ 6.56us-gaap_EarningsPerShareBasic [4] $ 3.05us-gaap_EarningsPerShareBasic [4] $ 5.33us-gaap_EarningsPerShareBasic [4]
Weighted average common shares outstanding - Basic 128.5us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 135.0us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 139.4us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
NET EARNINGS (LOSS) PER SHARE - DILUTED:      
Continuing operations $ 6.67us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.85us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 6.20us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations $ (0.23)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.15us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.95)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Total $ 6.44us-gaap_EarningsPerShareDiluted [4] $ 3.00us-gaap_EarningsPerShareDiluted [4] $ 5.25us-gaap_EarningsPerShareDiluted [4]
Weighted average common shares outstanding - Diluted 130.8us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 137.3us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 141.5us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
DIVIDENDS PER SHARE $ 1.10us-gaap_CommonStockDividendsPerShareDeclared $ 0.90us-gaap_CommonStockDividendsPerShareDeclared $ 0.27us-gaap_CommonStockDividendsPerShareDeclared
SUPPLEMENTAL INFORMATION:      
(a) Includes excise taxes collected by our retail segment $ 581us-gaap_ExciseAndSalesTaxes $ 567us-gaap_ExciseAndSalesTaxes $ 467us-gaap_ExciseAndSalesTaxes
[1] Includes charges totaling $31 million and $10 million for premiums and unamortized debt issuance costs associated with the redemption of the 2019 Notes and 2020 Notes, respectively, during the year ended December 31, 2014.
[2] Includes $59 million in refunds and settlements approved by the CPUC related to rates charged on the crude products pipeline network for the year ended December 31, 2014. Also includes $54 million in refunds from a settlement of a rate proceeding from the CPUC, and the release of a $16 million legal reserve as a result of the favorable settlement of litigation for the year ended December 31, 2013 and accruals related to certain legal matters partially offset by receipts associated with the settlement of a pipeline rate proceeding for the year ended December 31, 2012.
[3] 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.
[4] Includes earnings (loss) attributable to Tesoro from continuing and discontinued operations. The sum of four quarters may not equal annual results due to rounding or the quarterly number of shares outstanding.