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INVENTORIES

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following:

(in millions)						March 31, 2024						December 31, 2023
Crude oil and feedstocks						$	1,391.9					$	1,495.4
Refined products and blendstocks						1,346.3						1,536.5
Warehouse stock and other						153.1						151.2
						2,891.3						3,183.1
Lower of cost or market adjustment						—						—
Total inventories						$	2,891.3					$	3,183.1

As of March 31, 2024 and December 31, 2023 there was no lower of cost or market adjustment recorded as the replacement value of inventories exceeded the last-in, first-out carrying value.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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