XML 49 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2

Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Components of gain (loss) on derivatives, net

Loss on derivatives, net and current period settlements on derivative contracts were as follows:

	Three Months Ended   June 30,								Six Months Ended   June 30,
	2016				2015				2016				2015
	(in millions)
Current period settlements on derivative contracts	$	7.1			$	(28.5	)		$	28.5			$	(34.8	)
Loss on derivatives, net	(1.9		)		(12.6		)		(3.1		)		(64.0		)

Schedule of offsetting assets

The offsetting assets and liabilities for the Refining Partnership's derivatives as of June 30, 2016 are recorded as current assets and current liabilities in prepaid expenses and other current assets and other current liabilities, respectively, in the Condensed Consolidated Balance Sheets as follows:

	As of June 30, 2016
Description	Gross  Current Assets				Gross Amounts Offset				Net Current Assets  Presented				Cash Collateral  Not Offset				Net Amount
	(in millions)
Commodity Swaps	$	13.3			$	—			$	13.3			$	—			$	13.3
Total	$	13.3			$	—			$	13.3			$	—			$	13.3

The offsetting assets and liabilities for the Refining Partnership's derivatives as of December 31, 2015 are recorded as current assets and current liabilities in prepaid expenses and other current assets and other current liabilities, respectively, in the Condensed Consolidated Balance Sheets as follows:

	As of December 31, 2015
Description	Gross  Current Assets				Gross Amounts Offset				Net Current Assets  Presented				Cash Collateral  Not Offset				Net Amount
	(in millions)
Commodity Swaps	$	44.8			$	(0.1	)		$	44.7			$	—			$	44.7
Total	$	44.8			$	(0.1	)		$	44.7			$	—			$	44.7

Schedule of offsetting liabilities

	As of June 30, 2016
Description	Gross Current Liabilities				Gross Amounts Offset				Net Current Liabilities Presented				Cash Collateral  Not Offset				Net Amount
	(in millions)
Commodity Swaps	$	0.3			$	—			$	0.3			$	—			$	0.3
Total	$	0.3			$	—			$	0.3			$	—			$	0.3

	As of December 31, 2015
Description	Gross  Current Liabilities				Gross Amounts Offset				Net Current Liabilities  Presented				Cash Collateral  Not Offset				Net Amount
	(in millions)
Commodity Swaps	$	0.1			$	—			$	0.1			$	—			$	0.1
Total	$	0.1			$	—			$	0.1			$	—			$	0.1

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312

+ Details

Name:	us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

+ Details

Name:	us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration