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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2021
Operating Loss Carryforwards [Line Items] |
Summary of the income tax provision | The income tax provision in the PBF Energy Consolidated Statements of Operations consists of the following:
(in millions) | Year Ended December 31, 2021 |  | Year Ended December 31, 2020 |  | Year Ended December 31, 2019
Current expense (benefit): |  |  |  |  |
Federal | $ | 0.3 |  |  | $ | (1.7) |  |  | $ | 0.2 |
Foreign | — |  |  | — |  |  | 0.1 |
State | 0.1 |  |  | 2.2 |  |  | 0.3 |
Total current | 0.4 |  |  | 0.5 |  |  | 0.6 |
Deferred expense (benefit): |  |  |  |  |
Federal | 19.1 |  |  | (6.6) |  |  | 91.8 |
Foreign | (13.1) |  |  | 5.4 |  |  | (8.7) |
State | 5.7 |  |  | 2.8 |  |  | 20.6 |
Total deferred | 11.7 |  |  | 1.6 |  |  | 103.7 |
Total provision for income taxes | $ | 12.1 |  |  | $ | 2.1 |  |  | $ | 104.3 |
Schedule of effective income tax rate reconciliation | The difference between PBF Energy’s effective income tax rate and the United States statutory rate is reconciled below:
| Year Ended December 31, 2021 |  | Year Ended December 31, 2020 |  | Year Ended December 31, 2019
Provision at Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Increase (decrease) attributable to flow-through of certain tax adjustments: |  |  |  |  |
State income taxes (net of federal income tax) | 4.9 | % |  | 5.6 | % |  | 3.9 | %
Nondeductible/nontaxable items | 0.9 | % |  | (0.1) | % |  | 0.1 | %
Rate differential from foreign jurisdictions | (0.4) | % |  | — | % |  | (0.2) | %
Provision to return adjustment | (0.1) | % |  | (0.1) | % |  | (0.1) | %
Adjustment to deferred tax assets and liabilities for change in tax rates | 2.2 | % |  | 0.1 | % |  | (0.5) | %
Stock-based compensation | — | % |  | — | % |  | 0.1 | %
Deferred tax asset valuation allowance | (23.2) | % |  | (25.8) | % |  | — | %
Other | (0.3) | % |  | (0.9) | % |  | 0.3 | %
Effective tax rate | 5.0 | % |  | (0.2) | % |  | 24.6 | %
Schedule of Income Tax | For financial reporting purposes, income (loss) before income taxes attributable to PBF Energy Inc. stockholders includes the following components:
(in millions) | Year Ended December 31, 2021 |  | Year Ended December 31, 2020 |  | Year Ended December 31, 2019
United States income (loss) | $ | 296.4 |  |  | $ | (1,413.0) |  |  | $ | 450.0 |
Foreign income (loss) | (53.3) |  |  | 22.7 |  |  | (26.3) |
Total income (loss) before income taxes attributable to PBF Energy Inc. stockholders | $ | 243.1 |  |  | $ | (1,390.3) |  |  | $ | 423.7 |
Summary of the components of deferred tax assets and liabilities | A summary of the components of PBF Energy’s deferred tax assets and deferred tax liabilities consists of the following:
(in millions) | December 31, 2021 |  | December 31, 2020
Deferred tax assets |  |  |
Purchase interest step-up | $ | 141.2 |  |  | $ | 155.2 |
Inventory | — |  |  | 146.5 |
Pension, employee benefits and compensation | 63.7 |  |  | 48.5 |
Hedging | 4.9 |  |  | 4.3 |
Net operating loss carry forwards | 600.0 |  |  | 566.9 |
Environmental liabilities | 99.7 |  |  | 100.8 |
Lease liabilities | 308.7 |  |  | 223.4 |
Interest expense limitation carry forwards | 104.4 |  |  | 55.8 |
Other | 36.2 |  |  | 28.4 |
Total deferred tax assets | 1,358.8 |  |  | 1,329.8 |
Valuation allowance | (308.5) |  |  | (358.4) |
Total deferred tax assets, net | 1,050.3 |  |  | 971.4 |
Deferred tax liabilities |  |  |
Property, plant and equipment | 825.0 |  |  | 845.1 |
Inventory | 23.1 |  |  | — |
Right of use assets | 308.7 |  |  | 223.4 |
Other | 4.9 |  |  | 2.5 |
Total deferred tax liabilities | 1,161.7 |  |  | 1,071.0 |
Net deferred tax liabilities | $ | (111.4) |  |  | $ | (99.6) |
Summary of income tax examinations | Income tax years that remain subject to examination by material jurisdictions, where an examination has not already concluded are all years including and subsequent to:
United States |
Federal | 2018
New Jersey | 2016
Michigan | 2017
Delaware | 2018
Indiana | 2018
Pennsylvania | 2018
New York | 2018
Louisiana | 2018
California | 2017
PBF LLC [Member] |
Operating Loss Carryforwards [Line Items] |
Summary of the income tax provision | The reported income tax (benefit) expense in the PBF LLC Consolidated Statements of Operations consists of the following:
(in millions) | Year Ended December 31, 2021 |  | Year Ended December 31, 2020 |  | Year Ended December 31, 2019
Current income tax expense (benefit) | $ | 0.5 |  |  | $ | (1.2) |  |  | $ | 0.5 |
Deferred income tax (benefit) expense | (14.5) |  |  | 7.3 |  |  | (8.8) |
Total income tax (benefit) expense | $ | (14.0) |  |  | $ | 6.1 |  |  | $ | (8.3) |

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