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NONCONTROLLING INTERESTS (Tables) | 12 Months Ended
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Dec. 31, 2020
Schedule of stockholders equity | The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the years ended December 31, 2020, 2019 and 2018:
PBF Energy (in millions) | PBF Energy Inc. Equity |  | Noncontrolling Interest in PBF LLC |  | Noncontrolling Interest in PBF Holding |  | Noncontrolling Interest in PBFX |  | Total Equity
Balance at January 1, 2020 | $ | 3,039.6 |  |  | $ | 113.2 |  |  | $ | 10.9 |  |  | $ | 421.8 |  |  | $ | 3,585.5 |
Comprehensive income (loss) | (1,393.2) |  |  | (17.1) |  |  | (0.3) |  |  | 76.5 |  |  | (1,334.1) |
Dividends and distributions | (35.9) |  |  | (0.4) |  |  | — |  |  | (46.8) |  |  | (83.1) |
Effects of changes in deferred tax assets and liabilities and tax receivable agreement obligation | (2.1) |  |  | — |  |  | — |  |  | — |  |  | (2.1) |
Stock-based compensation | 28.2 |  |  | — |  |  | — |  |  | 4.9 |  |  | 33.1 |
Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock | 2.3 |  |  | (2.3) |  |  | — |  |  | — |  |  | — |
Exercise of PBF LLC and PBF Energy options and warrants, net | 0.2 |  |  | — |  |  | — |  |  | — |  |  | 0.2 |
Taxes paid for net settlement of equity-based compensation | (1.2) |  |  | — |  |  | — |  |  | (0.9) |  |  | (2.1) |
Other | 4.9 |  |  | — |  |  | — |  |  | — |  |  | 4.9 |
Balance at December 31, 2020 | $ | 1,642.8 |  |  | $ | 93.4 |  |  | $ | 10.6 |  |  | $ | 455.5 |  |  | $ | 2,202.3 |
PBF Energy (in millions) | PBF Energy Inc. Equity |  | Noncontrolling Interest in PBF LLC |  | Noncontrolling Interest in PBF Holding |  | Noncontrolling Interest in PBFX |  | Total Equity
Balance at January 1, 2019 | $ | 2,676.5 |  |  | $ | 112.2 |  |  | $ | 10.9 |  |  | $ | 448.9 |  |  | $ | 3,248.5 |
Comprehensive income | 333.5 |  |  | 4.4 |  |  | — |  |  | 51.5 |  |  | 389.4 |
Dividends and distributions | (143.8) |  |  | (3.2) |  |  | — |  |  | (64.1) |  |  | (211.1) |
Effects of changes in PBFX ownership interest on deferred tax assets and liabilities | (1.3) |  |  | — |  |  | — |  |  | — |  |  | (1.3) |
Issuance of additional PBFX common units | 152.0 |  |  | — |  |  | — |  |  | (19.5) |  |  | 132.5 |
Stock-based compensation | 27.2 |  |  | — |  |  | — |  |  | 6.8 |  |  | 34.0 |
Exercise of PBF LLC and PBF Energy options and warrants, net | 0.3 |  |  | — |  |  | — |  |  | — |  |  | 0.3 |
Taxes paid for net settlement of equity-based compensation | (4.6) |  |  | (0.2) |  |  | — |  |  | — |  |  | (4.8) |
Other | (0.2) |  |  | — |  |  | — |  |  | (1.8) |  |  | (2.0) |
Balance at December 31, 2019 | $ | 3,039.6 |  |  | $ | 113.2 |  |  | $ | 10.9 |  |  | $ | 421.8 |  |  | $ | 3,585.5 |
PBF Energy (in millions) | PBF Energy Inc. Equity |  | Noncontrolling Interest in PBF LLC |  | Noncontrolling Interest in PBF Holding |  | Noncontrolling Interest in PBFX |  | Total Equity
Balance at January 1, 2018 | $ | 2,336.6 |  |  | $ | 110.2 |  |  | $ | 10.8 |  |  | $ | 445.3 |  |  | $ | 2,902.9 |
Comprehensive income | 131.3 |  |  | 4.7 |  |  | 0.1 |  |  | 42.2 |  |  | 178.3 |
Dividends and distributions | (139.3) |  |  | (2.1) |  |  | — |  |  | (49.5) |  |  | (190.9) |
Effects of equity offerings and exchanges of PBF LLC Series A Units on deferred tax assets and liabilities and tax receivable agreement obligation | (4.9) |  |  | — |  |  | — |  |  | — |  |  | (4.9) |
Issuance of additional PBFX common units | 28.6 |  |  | — |  |  | — |  |  | 6.3 |  |  | 34.9 |
Stock-based compensation | 19.7 |  |  | — |  |  | — |  |  | 5.7 |  |  | 25.4 |
August 2018 Equity Offering | 287.3 |  |  | — |  |  | — |  |  | — |  |  | 287.3 |
Exercise of PBF LLC and PBF Energy options and warrants, net | 14.0 |  |  | — |  |  | — |  |  | — |  |  | 14.0 |
Taxes paid for net settlement of equity-based compensation | (4.8) |  |  | (0.6) |  |  | — |  |  | — |  |  | (5.4) |
Other | 8.0 |  |  | — |  |  | — |  |  | (1.1) |  |  | 6.9 |
Balance at December 31, 2018 | $ | 2,676.5 |  |  | $ | 112.2 |  |  | $ | 10.9 |  |  | $ | 448.9 |  |  | $ | 3,248.5 |
Schedule of comprehensive income (loss) | The following table summarizes the allocation of total comprehensive income (loss) of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2020:
PBF Energy (in millions) |  | Attributable to PBF Energy Inc. stockholders |  | Noncontrolling Interests |  | Total
Net income (loss) |  | $ | (1,392.4) |  |  | $ | 59.1 |  |  | $ | (1,333.3) |
Other comprehensive income (loss): |  |  |  |  |  |
Unrealized loss on available for sale securities |  | (0.1) |  |  | — |  |  | (0.1) |
Amortization of defined benefit plans unrecognized net loss |  | (0.7) |  |  | — |  |  | (0.7) |
Total other comprehensive income (loss) |  | (0.8) |  |  | — |  |  | (0.8) |
Total comprehensive income (loss) |  | $ | (1,393.2) |  |  | $ | 59.1 |  |  | $ | (1,334.1) |
The following table summarizes the allocation of total comprehensive income of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2019:
PBF Energy (in millions) |  | Attributable to PBF Energy Inc. stockholders |  | Noncontrolling Interest |  | Total
Net income |  | $ | 319.4 |  |  | $ | 55.8 |  |  | $ | 375.2 |
Other comprehensive income: |  |  |  |  |  |
Unrealized gain on available for sale securities |  | 0.4 |  |  | — |  |  | 0.4 |
Amortization of defined benefit plans unrecognized net gain |  | 13.7 |  |  | 0.1 |  |  | 13.8 |
Total other comprehensive income |  | 14.1 |  |  | 0.1 |  |  | 14.2 |
Total comprehensive income |  | $ | 333.5 |  |  | $ | 55.9 |  |  | $ | 389.4 |
The following table summarizes the allocation of total comprehensive income of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2018:
PBF Energy (in millions) |  | Attributable to PBF Energy Inc. stockholders |  | Noncontrolling Interest |  | Total
Net income |  | $ | 128.3 |  |  | $ | 47.0 |  |  | $ | 175.3 |
Other comprehensive income (loss): |  |  |  |  |  |
Unrealized loss on available for sale securities |  | (0.1) |  |  | — |  |  | (0.1) |
Amortization of defined benefit plans unrecognized net gain |  | 3.1 |  |  | — |  |  | 3.1 |
Total other comprehensive income |  | 3.0 |  |  | — |  |  | 3.0 |
Total comprehensive income |  | $ | 131.3 |  |  | $ | 47.0 |  |  | $ | 178.3 |
PBF LLC [Member] |
Schedule of noncontrolling interest | The noncontrolling interest ownership percentages in PBF LLC as of the completion dates of each of the equity offerings and as of the years ended December 31, 2020, 2019 and 2018 are calculated as follows:
| Holders of PBF LLC Series A Units |  | Outstanding Shares of PBF Energy Class A Common Stock |  | Total
January 1, 2018 | 3,767,464 |  | 110,565,531 |  | 114,332,995
| 3.3 | % |  | 96.7 | % |  | 100.0 | %
August 14, 2018 - Equity offering | 1,206,325 |  | 119,852,874 |  | 121,059,199
| 1.0 | % |  | 99.0 | % |  | 100.0 | %
December 31, 2018 | 1,206,325 |  | 119,874,191 |  | 121,080,516
| 1.0 | % |  | 99.0 | % |  | 100.0 | %
December 31, 2019 | 1,215,317 |  | 119,804,971 |  | 121,020,288
| 1.0 | % |  | 99.0 | % |  | 100.0 | %
December 31, 2020 | 970,647 |  | 120,101,641 |  | 121,072,288
| 0.8 | % |  | 99.2 | % |  | 100.0 | %
Schedule of stockholders equity | The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF LLC for the years ended December 31, 2020, 2019, and 2018 respectively:
PBF LLC (in millions) | PBF Energy Company LLC Equity |  | Noncontrolling Interest in PBF Holding |  | Noncontrolling Interest in PBFX |  | Total Equity
Balance at January 1, 2020 | $ | 3,176.4 |  |  | $ | 10.9 |  |  | $ | 421.8 |  |  | $ | 3,609.1 |
Comprehensive income (loss) | (1,792.9) |  |  | (0.3) |  |  | 76.5 |  |  | (1,716.7) |
Dividends and distributions | (36.3) |  |  | — |  |  | (46.8) |  |  | (83.1) |
Stock-based compensation | 28.2 |  |  | — |  |  | 4.9 |  |  | 33.1 |
Exercise of Series A warrants and options | (1.3) |  |  | — |  |  | — |  |  | (1.3) |
Other | (0.1) |  |  | — |  |  | (0.9) |  |  | (1.0) |
Balance at December 31, 2020 | $ | 1,374.0 |  |  | $ | 10.6 |  |  | $ | 455.5 |  |  | $ | 1,840.1 |
PBF LLC (in millions) | PBF Energy Company LLC Equity |  | Noncontrolling Interest in PBF Holding |  | Noncontrolling Interest in PBFX |  | Total Equity
Balance at January 1, 2019 | $ | 2,759.6 |  |  | $ | 10.9 |  |  | $ | 448.9 |  |  | $ | 3,219.4 |
Comprehensive income | 442.7 |  |  | — |  |  | 51.5 |  |  | 494.2 |
Dividends and distributions | (200.4) |  |  |  |  | (64.1) |  |  | (264.5) |
Issuance of additional PBFX common units | 152.0 |  |  | — |  |  | (19.5) |  |  | 132.5 |
Stock-based compensation | 27.2 |  |  | — |  |  | 6.8 |  |  | 34.0 |
Exercise of Series A warrants and options | (4.7) |  |  | — |  |  | — |  |  | (4.7) |
Other | — |  |  | — |  |  | (1.8) |  |  | (1.8) |
Balance at December 31, 2019 | $ | 3,176.4 |  |  | $ | 10.9 |  |  | $ | 421.8 |  |  | $ | 3,609.1 |
PBF LLC (in millions) | PBF Energy Company LLC Equity |  | Noncontrolling Interest in PBF Holding |  | Noncontrolling Interest in PBFX |  | Total Equity
Balance at January 1, 2018 | $ | 2,422.4 |  |  | $ | 10.8 |  |  | $ | 445.3 |  |  | $ | 2,878.5 |
Comprehensive income | 140.8 |  |  | 0.1 |  |  | 42.2 |  |  | 183.1 |
Dividends and distributions | (141.4) |  |  | — |  |  | (49.5) |  |  | (190.9) |
Issuance of additional PBFX common units | 28.6 |  |  | — |  |  | 6.3 |  |  | 34.9 |
Stock-based compensation | 19.7 |  |  | — |  |  | 5.7 |  |  | 25.4 |
Exercise of Series A warrants and options | (8.5) |  |  | — |  |  | — |  |  | (8.5) |
Issuance of Series C units in connection with the August 2018 Equity Offering | 287.3 |  |  | — |  |  | — |  |  | 287.3 |
Other | 10.7 |  |  | — |  |  | (1.1) |  |  | 9.6 |
Balance at December 31, 2018 | $ | 2,759.6 |  |  | $ | 10.9 |  |  | $ | 448.9 |  |  | $ | 3,219.4 |
Schedule of comprehensive income (loss) | The following table summarizes the allocation of total comprehensive income (loss) of PBF LLC between the controlling and noncontrolling interests for the year ended December 31, 2020:
PBF LLC (in millions) |  | Attributable to PBF LLC |  | Noncontrolling Interests |  | Total
Net income (loss) |  | $ | (1,796.5) |  |  | $ | 76.2 |  |  | $ | (1,720.3) |
Other comprehensive income (loss): |  |  |  |  |  |
Unrealized loss on available for sale securities |  | (0.1) |  |  | — |  |  | (0.1) |
Amortization of defined benefit plans unrecognized net gain |  | 3.7 |  |  | — |  |  | 3.7 |
Total other comprehensive income |  | 3.6 |  |  | — |  |  | 3.6 |
Total comprehensive income (loss) |  | $ | (1,792.9) |  |  | $ | 76.2 |  |  | $ | (1,716.7) |
The following table summarizes the allocation of total comprehensive income of PBF LLC between the controlling and noncontrolling interests for the year ended December 31, 2019:
PBF LLC (in millions) |  | Attributable to PBF LLC |  | Noncontrolling Interest |  | Total
Net income |  | $ | 428.5 |  |  | $ | 51.5 |  |  | $ | 480.0 |
Other comprehensive income: |  |  |  |  |  |
Unrealized gain on available for sale securities |  | 0.4 |  |  | — |  |  | 0.4 |
Amortization of defined benefit plans unrecognized net gain |  | 13.8 |  |  | — |  |  | 13.8 |
Total other comprehensive income |  | 14.2 |  |  | — |  |  | 14.2 |
Total comprehensive income |  | $ | 442.7 |  |  | $ | 51.5 |  |  | $ | 494.2 |
The following table summarizes the allocation of total comprehensive income of PBF LLC between the controlling and noncontrolling interests for the year ended December 31, 2018:
PBF LLC (in millions) |  | Attributable to PBF LLC |  | Noncontrolling Interest |  | Total
Net income |  | $ | 137.8 |  |  | $ | 42.3 |  |  | $ | 180.1 |
Other comprehensive income (loss): |  |  |  |  |  |
Unrealized loss on available for sale securities |  | (0.1) |  |  | — |  |  | (0.1) |
Amortization of defined benefit plans unrecognized net gain |  | 3.1 |  |  | — |  |  | 3.1 |
Total other comprehensive income |  | 3.0 |  |  | — |  |  | 3.0 |
Total comprehensive income |  | $ | 140.8 |  |  | $ | 42.3 |  |  | $ | 183.1 |
PBF Logistics LP [Member] |
Schedule of noncontrolling interest | The noncontrolling interest ownership percentages in PBFX as of the 2018 Registered Direct Offering, the Development Assets Acquisition, the 2019 Registered Direct Offering and the years ended December 31, 2020, 2019 and 2018 are calculated as follows:
| Units of PBFX Held by the Public |  | Units of PBFX Held by PBF LLC (Including Subordinated Units) |  | Total
January 1, 2018 | 23,441,211 |  | 18,459,497 |  | 41,900,708
| 55.9 | % |  | 44.1 | % |  | 100.0 | %
July 30, 2018 - Registered Direct Offering | 25,391,037 |  | 18,459,497 |  | 43,850,534
| 57.9 | % |  | 42.1 | % |  | 100.0 | %
July 31, 2018 - Development Assets consideration | 25,391,037 |  | 19,953,631 |  | 45,344,668
| 56.0 | % |  | 44.0 | % |  | 100.0 | %
December 31, 2018 | 25,395,032 |  | 19,953,631 |  | 45,348,663
| 56.0 | % |  | 44.0 | % |  | 100.0 | %
April 29, 2019 - Registered Direct Offering | 32,047,718 |  | 29,953,631 |  | 62,001,349
| 51.7 | % |  | 48.3 | % |  | 100.0 | %
December 31, 2019 | 32,176,404 |  | 29,953,631 |  | 62,130,035
| 51.8 | % |  | 48.2 | % |  | 100.0 | %
December 31, 2020 | 32,411,207 |  | 29,953,631 |  | 62,364,838
| 52.0 | % |  | 48.0 | % |  | 100.0 | %

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- Definition The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4M -URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591554-111686 + Details
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