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ACQUISITIONS (Tables) - Martinez Acquisition | 12 Months Ended
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Dec. 31, 2021
Business Acquisition [Line Items] |
Business Combination, Consideration Transferred, Working Capital Adjustments [Table Text Block] | The total purchase consideration and the fair values of the assets and liabilities at the acquisition date were as follows:
(in millions) | Purchase Price |
Gross purchase price | $ | 960.0 |  |
Working capital, including post close adjustments | 216.1 |  |
Contingent consideration (a) | 77.3 |  |
Total consideration | $ | 1,253.4 |  |
_________________________ (a) The Martinez Acquisition included an obligation for the Company to make post-closing earn-out payments to the Seller based on certain earnings thresholds of the Martinez refinery (as set forth in the Sale and Purchase Agreement), for a period of up to four years following the acquisition closing date (the “Martinez Contingent Consideration”). The Company recorded the Martinez Contingent Consideration based on its estimated fair value of $77.3 million at the acquisition date, which was recorded within “Other long-term liabilities” within the Consolidated Balance Sheets. Subsequent changes in the fair value of the Martinez Contingent Consideration are recorded in the Consolidated Statements of Operations.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the final amounts recognized for assets acquired and liabilities assumed as of the acquisition date:
(in millions) | Fair Value Allocation
Inventories | $ | 224.1 |
Prepaid and other current assets | 5.4 |
Property, plant and equipment | 987.9 |
Operating lease right of use assets (a) | 7.8 |
Financing lease right of use assets (a) | 63.5 |
Deferred charges and other assets, net | 63.7 |
Accrued expenses | (1.4) |
Current operating lease liabilities | (1.9) |
Current financing lease liabilities (b) | (6.0) |
Long-term operating lease liabilities | (5.9) |
Long-term financing lease liabilities | (57.5) |
Other long-term liabilities - environmental obligation | (26.3) |
Fair value of net assets acquired | $ | 1,253.4 |
________________________ (a) Operating and Financing lease right of use assets are recorded in Lease right of use assets within the Consolidated Balance Sheets. (b) Current financing lease liabilities are recorded in Accrued expenses within the Consolidated Balance Sheets.
Business Acquisition, Pro Forma Information [Table Text Block] |
|  |  | December 31, 2020
(Unaudited, in millions)
PBF Energy |  |  |
Pro-forma revenues |  |  | $ | 15,479.7 |
Pro-forma net loss attributable to PBF Energy Inc. stockholders |  |  | (1,423.4) |
Pro forma net income (loss) available to PBF Energy Class A common stock per share: |  |  |
Basic: |  |  | $ | (11.90) |
Diluted: |  |  | $ | (11.90) |
PBF LLC |  |  |
Pro-forma revenues |  |  | $ | 15,479.7 |
Pro-forma net loss attributable to PBF LLC |  |  | (1,827.8) |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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