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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

(Millions of dollars)						March 31, 2021
Balance as of January 1, 2021						$	—
QuickChek acquisition						336.4
Ending balance as of March 31, 2021						$	336.4

Schedule of Intangible Assets

In connection with our acquisition

of QuickChek on January 29, 2021, we recorded the following amounts of intangible assets in addition to one prior intangible asset.

												Remaining Useful Life
(Millions of dollars)						Carrying Value						(in years)
Intangible assets subject to amortization:
Pipeline space						$	34.4					34.4
Intangible lease liability						(9.0)						15.3
Intangible assets not subject to amortization:
Tradename						115.4						n/a
Liquor licenses						0.5						n/a
Total intangible assets						$	141.3

Intangible assets subject to amortization at March 31, 2021 and December 31, 2020 consisted of the following:

						March 31, 2021												December 31, 2020
(Millions of dollars)						Cost						Net						Cost						Net
Pipeline space						$	39.6					$	34.4					$	39.6					$	34.6
Intangible lease liability						(9.1)						(9.0)						—						—
						$	30.5					$	25.4					$	39.6					$	34.6

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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-Name Accounting Standards Codification
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Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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