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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of segment reporting information

Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the three months ended March 31, 2024 and March 31, 2023 are presented below.

			Three Months Ended March 31, 2024
			Refining						Logistics						Corporate						Eliminations						Consolidated Total
Revenues			$	8,636.4					$	96.1					$	—					$	(86.9)					$	8,645.6
Depreciation and amortization expense			132.3						9.1						3.2						—						144.6
Income (loss) from operations (1)			170.6						45.1						(70.6)						—						145.1
Interest (income) expense, net			(4.1)						(0.6)						15.2						—						10.5
Capital expenditures (2)			283.1						1.1						0.5						—						284.7
			Three Months Ended March 31, 2023
			Refining						Logistics						Corporate						Eliminations						Consolidated Total
Revenues			$	9,285.5					$	98.5					$	—					$	(89.0)					$	9,295.0
Depreciation and amortization expense			132.9						9.0						1.9						—						143.8
Income (loss) from operations			525.7						49.7						(43.0)						—						532.4
Interest (income) expense, net			(4.1)						3.7						19.1						—						18.7
Capital expenditures (2)			379.2						2.7						1.2						—						383.1

			Balance at March 31, 2024
			Refining						Logistics						Corporate						Eliminations						Consolidated Total
Total assets (3)			$	12,036.1					$	794.2					$	1,014.8					$	(36.9)					$	13,808.2
			Balance at December 31, 2023
			Refining						Logistics						Corporate						Eliminations						Consolidated Total
Total assets (3)			$	12,590.6					$	816.8					$	1,024.1					$	(43.7)					$	14,387.8

(1) Income (loss) from operations within Corporate for the three months ended March 31, 2024 includes an $8.7 million reduction of the gain associated with the formation of the SBR equity method investment.

(2) For the three months ended March 31, 2024 and March 31, 2023, the Company’s refining segment included $6.6 million and $157.9 million, respectively, of capital expenditures related to the Renewable Diesel Facility.

(3) For the three months ended March 31, 2024 and the year ended December 31, 2023, Corporate assets include the Company’s Equity method investment in SBR of $879.9 million and $881.0 million, respectively.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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