Segment Disclosures and Related Information (Tables)

12 Months Ended

Dec. 31, 2019



	Millions of Dollars
	2019			2018		2017
Interest Income and Expense
Interest income
Midstream	$	—		—		1
Chemicals	—			—		—
Refining	—			—		—
Marketing and Specialties	—			—		—
Corporate and Other	43			45		30
Consolidated interest income	$	43		45		31

Interest and debt expense
Corporate and Other	$	458		504		438

Income (Loss) Before Income Taxes
Midstream	$	684		1,181		638
Chemicals	879			1,025		716
Refining	1,986			4,535		2,076
Marketing and Specialties	1,433			1,557		1,020
Corporate and Other	(804		)	(853	)	(895	)
Consolidated income before income taxes	$	4,178		7,445		3,555

Investments In and Advances To Affiliates
Midstream	$	5,131		5,423		4,734
Chemicals	6,229			6,233		6,222
Refining	2,290			2,226		2,398
Marketing and Specialties	650			349		390
Corporate and Other	—			—		—
Consolidated investments in and advances to affiliates	$	14,300		14,231		13,744

Total Assets*
Midstream	$	15,716		14,329		13,231
Chemicals	6,249			6,235		6,226
Refining	25,150			23,230		23,780
Marketing and Specialties	8,659			6,572		7,052
Corporate and Other	2,946			3,936		4,082
Consolidated total assets	$	58,720		54,302		54,371
* 2017 segment information has been recast to include all income tax-related assets in Corporate and Other.



	Millions of Dollars
	2019		2018	2017
Capital Expenditures and Investments
Midstream	$	2,292	1,548	771
Chemicals	—		—	—
Refining	1,001		826	853
Marketing and Specialties	374		125	108
Corporate and Other	206		140	100
Consolidated capital expenditures and investments	$	3,873	2,639	1,832



	Millions of Dollars
	2019			2018		2017*
Sales and Other Operating Revenues**
Midstream
Total sales	$	7,103		8,293		6,620
Intersegment eliminations	(2,122		)	(2,176	)	(1,842	)
Total Midstream	4,981			6,117		4,778
Chemicals	3			5		5
Refining
Total sales	76,792			83,140		65,494
Intersegment eliminations	(45,871		)	(49,343	)	(40,284	)
Total Refining	30,921			33,797		25,210
Marketing and Specialties
Total sales	73,616			73,414		73,565
Intersegment eliminations	(2,256		)	(1,899	)	(1,233	)
Total Marketing and Specialties	71,360			71,515		72,332
Corporate and Other	28			27		29
Consolidated sales and other operating revenues	$	107,293		111,461		102,354
* Sales and other operating revenues for the year ended December 31, 2017, are presented in accordance with accounting standards in effect prior to our adoption of ASU No. 2014-09 on January 1, 2018. See Note 1—Summary of Significant Accounting Policies, for further discussion regarding our adoption of ASU No. 2014-09.
** See Note 3—Sales and Other Operating Revenues, for further details on our disaggregated sales and other operating revenues.

Equity in Earnings of Affiliates
Midstream	$	754		676		454
Chemicals	870			1,025		713
Refining	318			796		322
Marketing and Specialties	185			164		243
Corporate and Other	—			15		—
Consolidated equity in earnings of affiliates	$	2,127		2,676		1,732

Depreciation, Amortization and Impairments
Midstream	$	1,162		326		299
Chemicals	—			—		—
Refining	857			841		838
Marketing and Specialties	103			114		116
Corporate and Other	80			83		89
Consolidated depreciation, amortization and impairments	$	2,202		1,364		1,342

Long-lived assets, defined as net PP&E plus investments and long-term receivables, by geographic location at December 31 were: