XML 70 R50.htm IDEA: XBRL DOCUMENT v3.22.0.1

LEASES (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Assets and Liabilities, Lessee [Table Text Block]

The table below presents the lease related assets and liabilities recorded on the Company’s Consolidated Balance Sheets as of December 31, 2021 and December 31, 2020:

(in millions)						Classification on the Balance Sheet						December 31, 2021						December 31, 2020
Assets
Operating lease assets						Lease right of use assets						$	636.0					$	836.5
Finance lease assets						Lease right of use assets						81.1						80.4
Total lease right of use assets												$	717.1					$	916.9
Liabilities
Current liabilities:
Operating lease liabilities						Current operating lease liabilities						$	64.9					$	78.4
Finance lease liabilities						Accrued expenses						11.1						14.4
Noncurrent liabilities:
Operating lease liabilities						Long-term operating lease liabilities						570.4						756.0
Finance lease liabilities						Long-term financing lease liabilities						70.6						68.3
Total lease liabilities												$	717.0					$	917.1

Lease, Cost [Table Text Block]

The table below presents certain information related to costs for the Company’s leases for the year ended December 31, 2021 and December 31, 2020:

Lease Costs (in millions)						December 31, 2021						December 31, 2020
Components of total lease costs:
Finance lease costs
Amortization of right of use assets						$	16.1					$	14.0
Interest on lease liabilities						4.6						4.3
Operating lease costs						170.2						162.3
Short-term lease costs						59.3						92.3
Variable lease costs						10.2						11.6
Total lease costs						$	260.4					$	284.5

Cash Flow, Lessee [Table Text Block]

The table below presents supplemental cash flow information related to leases for the year ended December 31, 2021 and December 31, 2020 (in millions):

			Year Ended December 31, 2021
			2021						2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases			$	168.8					$	163.1
Operating cash flows for finance leases			4.6						4.3
Financing cash flows for finance leases			17.8						12.4
Supplemental non-cash amounts of lease liabilities arising from obtaining or remeasuring right-of-use assets			(106.6)						702.0

Lease Term and Discount Rate

The table below presents certain information related to the weighted average remaining lease term and weighted average discount rate for the Company’s leases as of December 31, 2021:

Weighted average remaining lease term - operating leases			13.4 years
Weighted average remaining lease term - finance leases			6.5 years
Weighted average discount rate - operating leases			15.5		%
Weighted average discount rate - finance leases			7.4		%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The table below reconciles the fixed component of the undiscounted cash flows for each of the periods presented to the lease liabilities recorded on the Consolidated Balance Sheets as of December 31, 2021:

Amounts due in the year ended December 31, (in millions)						Finance Leases						Operating Leases
2022						$	16.5					$	153.4
2023						16.4						125.2
2024						15.7						116.6
2025						14.2						103.0
2026						13.8						97.0
Thereafter						25.6						852.7
Total minimum lease payments						102.2						1,447.9
Less: effect of discounting						20.5						812.6
Present value of future minimum lease payments						81.7						635.3
Less: current obligations under leases						11.1						64.9
Long-term lease obligations						$	70.6					$	570.4

Finance Lease, Liability, Fiscal Year Maturity

The table below reconciles the fixed component of the undiscounted cash flows for each of the periods presented to the lease liabilities recorded on the Consolidated Balance Sheets as of December 31, 2021:

Amounts due in the year ended December 31, (in millions)						Finance Leases						Operating Leases
2022						$	16.5					$	153.4
2023						16.4						125.2
2024						15.7						116.6
2025						14.2						103.0
2026						13.8						97.0
Thereafter						25.6						852.7
Total minimum lease payments						102.2						1,447.9
Less: effect of discounting						20.5						812.6
Present value of future minimum lease payments						81.7						635.3
Less: current obligations under leases						11.1						64.9
Long-term lease obligations						$	70.6					$	570.4

X

- Definition

Assets and Liabilities, Lessee [Table Text Block]

+ References

No definition available.

+ Details

Name:	pbf_AssetsandLiabilitiesLesseeTableTextBlock
Namespace Prefix:	pbf_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Supplemental Cash Flow and Other Information, Lessee [Table Text Block]

+ References

No definition available.

+ Details

Name:	pbf_CashFlowLesseeTableTextBlock
Namespace Prefix:	pbf_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration