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Business Segment Information
 3 Months Ended
Mar. 31, 2012
Business Segment Information [Abstract]  
Business Segment Information
12. Business Segment Information.

The following tables set forth certain statement of comprehensive income (loss) information concerning Sunoco's business segments (in millions of dollars):

 

Logistics      Retail
Marketing		     Refining
and
Supply		     Corporate
and
Other*		     Consolidated  

Three Months Ended March 31, 2012:

            

Sales and other operating revenue (including consumer excise taxes):

            

Unaffiliated customers

    $ 3,275       $ 4,264      $ 4,659      $ —        $ 12,198   

Intersegment

    $ 126       $ —        $ 3,526      $ —        $ —     

Pretax income (loss) from continuing operations attributable to Sunoco, Inc. shareholders

    $ 57       $ (6 )    $ (87 )    $ 447 **    $ 411   

Income tax expense attributable to Sunoco, Inc. shareholders

               164   
           

 

 

  

Income from continuing operations attributable to Sunoco, Inc. shareholders

               247   

Income from discontinued operations, net of income taxes

               1   
           

 

 

  

Net income attributable to Sunoco, Inc. shareholders

             $ 248   
           

 

 

  

 

     Logistics      Retail
Marketing		      Refining
and
Supply		     Corporate
and
Other*		     Consolidated  

Three Months Ended March 31, 2011:

             

Sales and other operating revenue (including consumer excise taxes):

             

Unaffiliated customers

    $ 1,955       $ 3,843       $ 4,180      $ —        $ 9,978   

Intersegment

    $ 303       $ —         $ 3,279      $ —        $ —     

Pretax income (loss) from continuing operations attributable to Sunoco, Inc. shareholders

    $ 31       $ 12       $ (138 )    $ 1 ***    $ (94 ) 

Income tax expense attributable to Sunoco, Inc. shareholders

                6   
            

 

 

  

Loss from continuing operations attributable to Sunoco, Inc. shareholders

                (100 ) 

Loss from discontinued operations, net of income taxes

                (1 ) 
            

 

 

  

Net loss attributable to Sunoco, Inc. shareholders

              $ (101 ) 
            

 

 

  

* Excludes net financing amounts attributable to discontinued coke operations (Note 2).
** Consists of $14 million of corporate expenses, $31 million of net financing expenses and other, a $104 million gain on the divestment of the Toledo refinery, $497 million of LIFO inventory profits and a $109 million provision for asset write-downs and other matters (Note 3).
*** Consists of $22 million of corporate expenses, $28 million of net financing expenses and other, a $15 million gain on the divestment of the Toledo refinery, $42 million of LIFO inventory profits and a $6 million provision for asset write-downs and other matters (Note 3).

 

The following table sets forth the identifiable assets of Sunoco's business segments (in millions of dollars):

 

Logistics      Retail
Marketing		      Refining
and
Supply		      Corporate
and
Other		     Consolidated *  

At March 31, 2012

    $ 5,272       $ 1,281       $ 880       $ 2,368 **    $ 9,801   

At December 31, 2011

    $ 5,376       $ 1,229       $ 841       $ 4,559 ***    $ 11,982   

* After elimination of intersegment receivables.
** Consists of Sunoco's $317 million consolidated deferred income tax asset and $2,051 million attributable to corporate activites consisting primarily of cash and cash equivalents.
*** Consists of Sunoco's $354 million consolidated deferred income tax asset, $2,224 million attributable to corporate activites consisting primarily of cash and cash equivalents and $1,981 million attributable to the Sunoco's discontinued coke operations (Note 2).