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Business Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Marketing Segment Information

Marketing Segment Information						Three Months Ended March 31,
(Millions of dollars)						2025						2024
Revenues from external customers						$	4,525.3					$	4,843.6
Reconciliation of revenue
Other revenues1						0.1						0.1
Total consolidated revenue						$	4,525.4					$	4,843.7
Less:2
Cost of goods sold						4,041.8						4,365.2
Store and other operating expenses						266.0						252.1
Selling, general and administrative						60.1						62.1
Depreciation and amortization						61.5						54.9
Other segment items3						1.2						0.9
Interest expense						1.9						2.1
Segment income before income taxes						$	92.8					$	106.3
Reconciliation of income before income taxes
Income before income taxes						$	61.9					$	81.9
Other (revenues)1						(0.1)						(0.1)
Other operating expenses						0.1						—
Depreciation and amortization						6.7						3.8
(Gain) loss on sale of assets						—						(0.5)
Investment (income) loss						0.1						(1.2)
Interest expense						23.5						22.8
Other nonoperating (income) expense						0.6						(0.4)
Segment income before income taxes						$	92.8					$	106.3
1Revenues from corporate and other assets not included in the reportable segment results.
2The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.
3Other segment items includes: accretion of asset retirement obligations, impairment of properties, (gain) loss on sale of assets and other nonoperating (income) expense

Other specified segment disclosures
(Millions of dollars)						Marketing Totals						Reconciling Items4						Consolidated Totals
Three Months Ended March 31, 2025
Accretion of asset retirement obligations						$	0.9					$	—					$	0.9
Deferred and noncurrent income taxes (benefits)						$	(2.0)					$	0.6					$	(1.4)
Additions to property, plant and equipment						$	60.8					$	3.2					$	64.0
(Millions of dollars)						Marketing Totals						Reconciling Items4						Consolidated Totals
Three Months Ended March 31, 2024
Accretion of asset retirement obligations						$	0.8					$	—					$	0.8
Deferred and noncurrent income taxes (benefits)						$	(0.5)					$	—					$	(0.5)
Additions to property, plant and equipment						$	71.2					$	11.0					$	82.2

Reconciliation of Assets
						March 31,						December 31,
(Millions of dollars)						2025						2024
Assets
Marketing assets						$	4,316.6					$	4,326.8
All other assets4						185.9						214.8
Total consolidated assets						$	4,502.5					$	4,541.6
4Corporate and other assets not included in the reportable segment results.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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