XML 69 R49.htm IDEA: XBRL DOCUMENT
v3.25.0.1

NONCONTROLLING INTERESTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Schedule of stockholders equity | The following tables summarize the changes in equity for the controlling and noncontrolling interests of PBF Energy for the years ended December 31, 2024, 2023 and 2022:
(in millions) | PBF Energy Inc. Equity |  | Noncontrolling Interest in PBF LLC |  | Noncontrolling Interest in PBF Holding |  |  |  | Total Equity
Balance at January 1, 2024 | $ | 6,488.3 |  |  | $ | 129.9 |  |  | $ | 13.1 |  |  |  |  | $ | 6,631.3 |
Comprehensive income (loss) | (529.5) |  |  | (6.0) |  |  | (0.4) |  |  |  |  | (535.9) |
Dividends and distributions | (119.9) |  |  | (1.6) |  |  | — |  |  |  |  | (121.5) |
Effect of change in deferred tax assets and liabilities and tax receivable agreement obligation | (0.6) |  |  | — |  |  | — |  |  |  |  | (0.6) |
Stock-based compensation | 35.2 |  |  | — |  |  | — |  |  |  |  | 35.2 |
Transactions in connection with stock-based compensation plans | 24.7 |  |  | — |  |  | — |  |  |  |  | 24.7 |
Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock | 0.6 |  |  | (0.6) |  |  | — |  |  |  |  | — |
Treasury stock purchases | (354.6) |  |  | — |  |  | — |  |  |  |  | (354.6) |
Balance at December 31, 2024 | $ | 5,544.2 |  |  | $ | 121.7 |  |  | $ | 12.7 |  |  |  |  | $ | 5,678.6 |
(in millions) | PBF Energy Inc. Equity |  | Noncontrolling Interest in PBF LLC |  | Noncontrolling Interest in PBF Holding |  |  |  | Total Equity
Balance at January 1, 2023 | $ | 4,929.2 |  |  | $ | 114.6 |  |  | $ | 12.2 |  |  |  |  | $ | 5,056.0 |
Comprehensive income | 2,129.7 |  |  | 20.6 |  |  | 0.9 |  |  |  |  | 2,151.2 |
Dividends and distributions | (106.6) |  |  | (5.3) |  |  | — |  |  |  |  | (111.9) |
Effects of change in deferred tax assets and liabilities and tax receivable agreement obligation | (4.5) |  |  | — |  |  | — |  |  |  |  | (4.5) |
Stock-based compensation | 35.8 |  |  | — |  |  | — |  |  |  |  | 35.8 |
Transactions in connection with stock-based compensation plans | 44.5 |  |  | — |  |  | — |  |  |  |  | 44.5 |
Treasury stock purchases | (539.9) |  |  | — |  |  | — |  |  |  |  | (539.9) |
Other | 0.1 |  |  | — |  |  | — |  |  |  |  | 0.1 |
Balance at December 31, 2023 | $ | 6,488.3 |  |  | $ | 129.9 |  |  | $ | 13.1 |  |  |  |  | $ | 6,631.3 |
(in millions) | PBF Energy Inc. Equity |  | Noncontrolling Interest in PBF LLC |  | Noncontrolling Interest in PBF Holding |  | Noncontrolling Interest in PBFX |  | Total Equity
Balance at January 1, 2022 | $ | 1,926.2 |  |  | $ | 95.4 |  |  | $ | 12.2 |  |  | $ | 499.0 |  |  | $ | 2,532.8 |
Comprehensive income (loss) | 2,858.0 |  |  | 27.9 |  |  | (1.4) |  |  | 69.5 |  |  | 2,954.0 |
Dividends and distributions | (24.7) |  |  | (8.6) |  |  | — |  |  | (40.3) |  |  | (73.6) |
Effects of changes in PBFX ownership interest on deferred tax assets and liabilities | (9.7) |  |  | — |  |  | — |  |  | — |  |  | (9.7) |
PBFX Merger Transaction | 216.0 |  |  | — |  |  | — |  |  | (519.7) |  |  | (303.7) |
Stock-based compensation | 33.2 |  |  | — |  |  | — |  |  | 10.2 |  |  | 43.4 |
Transactions in connection with stock-based compensation plans | 86.5 |  |  | — |  |  | — |  |  | (18.7) |  |  | 67.8 |
Exchanges of PBF Energy Company LLC Series A Units for PBF Energy Class A common stock | 0.1 |  |  | (0.1) |  |  | — |  |  | — |  |  | — |
Treasury stock purchases | (156.4) |  |  | — |  |  | — |  |  | — |  |  | (156.4) |
Other | — |  |  | — |  |  | 1.4 |  |  | — |  |  | 1.4 |
Balance at December 31, 2022 | $ | 4,929.2 |  |  | $ | 114.6 |  |  | $ | 12.2 |  |  | $ | — |  |  | $ | 5,056.0 |
Schedule of comprehensive income (loss) | The following table summarizes the allocation of total comprehensive income (loss) of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2024:
(in millions) |  | Attributable to PBF Energy Inc. stockholders |  | Noncontrolling Interests |  | Total
Net income (loss) |  | $ | (533.8) |  |  | $ | (6.4) |  |  | $ | (540.2) |
Other comprehensive income (loss): |  |  |  |  |  |
Unrealized loss on available for sale securities |  | (0.3) |  |  | — |  |  | (0.3) |
Amortization of defined benefit plans unrecognized net gain |  | 4.6 |  |  | — |  |  | 4.6 |
Total other comprehensive income |  | 4.3 |  |  | — |  |  | 4.3 |
Total comprehensive income (loss) |  | $ | (529.5) |  |  | $ | (6.4) |  |  | $ | (535.9) |
The following table summarizes the allocation of total comprehensive income of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2023:
(in millions) |  | Attributable to PBF Energy Inc. stockholders |  | Noncontrolling Interest |  | Total
Net income |  | $ | 2,140.5 |  |  | $ | 21.5 |  |  | $ | 2,162.0 |
Other comprehensive income (loss): |  |  |  |  |  |
Unrealized loss on available for sale securities |  | (0.4) |  |  | — |  |  | (0.4) |
Amortization of defined benefit plans unrecognized net loss |  | (10.4) |  |  | — |  |  | (10.4) |
Total other comprehensive income (loss) |  | (10.8) |  |  | — |  |  | (10.8) |
Total comprehensive income |  | $ | 2,129.7 |  |  | $ | 21.5 |  |  | $ | 2,151.2 |
The following table summarizes the allocation of total comprehensive income of PBF Energy between the controlling and noncontrolling interests for the year ended December 31, 2022:
(in millions) |  | Attributable to PBF Energy Inc. stockholders |  | Noncontrolling Interest |  | Total
Net income |  | $ | 2,876.8 |  |  | $ | 96.0 |  |  | $ | 2,972.8 |
Other comprehensive income (loss): |  |  |  |  |  |
Unrealized loss on available for sale securities |  | (2.5) |  |  | — |  |  | (2.5) |
Amortization of defined benefit plans unrecognized net loss |  | (16.3) |  |  | — |  |  | (16.3) |
Total other comprehensive income (loss) |  | (18.8) |  |  | — |  |  | (18.8) |
Total comprehensive income |  | $ | 2,858.0 |  |  | $ | 96.0 |  |  | $ | 2,954.0 |
PBF LLC |
Schedule of noncontrolling interest | The noncontrolling interest ownership percentages in PBF LLC as of the completion dates of each of the equity offerings and as of the years ended December 31, 2024, 2023 and 2022 are calculated as follows:
| Holders of PBF LLC Series A Units |  | Outstanding Shares of PBF Energy Class A Common Stock |  | Total
December 31, 2022 | 910,457 |  | 129,639,307 |  | 130,549,764
| 0.7% |  | 99.3% |  | 100.0%
December 31, 2023 | 862,780 |  | 120,440,620 |  | 121,303,400
| 0.7% |  | 99.3% |  | 100.0%
December 31, 2024 | 862,780 |  | 115,311,992 |  | 116,174,772
| 0.7% |  | 99.3% |  | 100.0%

X
- Definition The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4M -Publisher FASB -URI https://asc.fasb.org/1943274/2147481175/810-10-55-4M Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A + Details
Name: | us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestEffectsOfChangesNetTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=pbf_PbfLlcMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |