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NONCONTROLLING INTERESTS (Tables)

12 Months Ended

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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