Business Segments

12 Months Ended

Dec. 31, 2019

Our operations include the sale of retail motor fuel products and convenience merchandise along with the wholesale and bulk sale capabilities of our product supply and wholesale group. As the primary purpose of the product supply and wholesale group is to support our retail operations and provide fuel for their daily operation, the bulk and wholesale fuel sales are secondary to the support functions played by these groups. As such, they are all treated as one segment for reporting purposes as they sell the same products. This Marketing segment contains essentially all of the revenue generating activities of the Company. Results not included in the reportable segment include Corporate and Other Assets. The reportable segment was determined based on information reviewed by the Chief Operating Decision Maker.



Segment Information				Corporate and
(Millions of dollars)	Marketing			Other Assets		Consolidated
Year ended December 31, 2019
Segment income (loss)	$	215.0		(60.2	)	$	154.8
Revenues from external customers	14,034.3			0.3		14,034.6
Interest income	—			3.2		3.2
Interest expense	(0.1		)	(54.8	)	(54.9		)
Loss on early debt extinguishment	—			(14.8	)	(14.8		)
Income tax expense (benefit)	66.3			(18.7	)	47.6
Significant noncash charges (credits)
Depreciation and amortization	138.9			13.3		152.2
Accretion of asset retirement obligations	2.1			—		2.1
Debt extinguishment costs	—			4.4		4.4
Deferred and noncurrent income taxes (benefits)	32.9			(9.2	)	23.7
Additions to property, plant and equipment	155.5			59.1		214.6
Total assets at year-end	$	2,304.7		382.5		$	2,687.2



Segment Information				Corporate and
(Millions of dollars)	Marketing			Other Assets		Consolidated
Year ended December 31, 2018
Segment income (loss)	$	214.2		(0.6	)	$	213.6
Revenues from external customers	14,362.3			0.6		14,362.9
Interest income	—			1.5		1.5
Interest expense	(0.1		)	(52.8	)	(52.9		)
Income tax expense (benefit)	69.5			(9.2	)	60.3
Significant noncash charges (credits)
Depreciation and amortization	124.5			9.5		134.0
Accretion of asset retirement obligations	2.0			—		2.0
Deferred and noncurrent income taxes (benefits)	39.0			(1.1	)	37.9
Additions to property, plant and equipment	169.2			24.6		193.8
Total assets at year-end	$	2,012.0		348.8		$	2,360.8



Segment Information				Corporate and
(Millions of dollars)	Marketing			Other Assets		Consolidated
Year ended December 31, 2017
Segment income (loss)	$	295.3		(50.0	)	$	245.3
Revenues from external customers	12,826.2			0.4		12,826.6
Interest income	—			1.3		1.3
Interest expense	(0.1		)	(46.6	)	(46.7		)
Income tax expense (benefit)	(2.9		)	(2.3	)	(5.2		)
Significant noncash charges (credits)
Depreciation and amortization	110.5			6.4		116.9
Accretion of asset retirement obligations	1.8			—		1.8
Deferred and noncurrent income taxes (benefits)	(61.3		)	10.9		(50.4		)
Additions to property, plant and equipment	234.0			39.7		273.7
Total assets at year-end	$	2,023.4		307.6		$	2,331.0