XML 48 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1
Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gain (loss) on derivatives, net and current period settlements
Gain (loss) on derivatives, net and current period settlements on derivative contracts were as follows:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2017
 
2016
 
2017
 
2016
 
(in millions)
Current period settlements on derivative contracts
$
(0.1
)
 
$
7.1

 
$
1.1

 
$
28.5

Gain (loss) on derivatives, net

 
(1.9
)
 
12.2

 
(3.1
)
Derivative offsetting liabilities
The offsetting assets and liabilities for the Refining Partnership's derivatives as of December 31, 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 December 31, 2016
Description
Gross
 Current Liabilities
 
Gross
Amounts
Offset
 
Net
Current Liabilities
 Presented
 
Cash
Collateral
 Not Offset
 
Net
Amount
 
(in millions)
Commodity Swaps
$
11.1

 
$

 
$
11.1

 
$

 
$
11.1

Total
$
11.1

 
$

 
$
11.1

 
$

 
$
11.1