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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of the income tax provision

The income tax provision in the PBF Energy Consolidated Statements of Operations consists of the following:

			Year Ended December 31,
(in millions)			2024						2023						2022
Current (benefit) expense:
Federal			$	(10.6)					$	140.9					$	75.8
Foreign			—						(0.3)						0.3
State			21.4						46.2						88.5
Total current			10.8						186.8						164.6
Deferred (benefit) expense:
Federal			(156.6)						387.7						379.9
Foreign			(4.8)						3.1						(0.9)
State			(77.8)						146.2						41.2
Total deferred			(239.2)						537.0						420.2
Total provision for income taxes			$	(228.4)					$	723.8					$	584.8

Schedule of effective income tax rate reconciliation

The difference between PBF Energy’s effective income tax rate and the United States statutory rate is reconciled below:

			Year Ended December 31,
			2024						2023						2022
Provision at Federal statutory rate			21.0		%				21.0		%				21.0		%
Increase (decrease) attributable to flow-through of certain tax adjustments:
State income taxes (net of federal income tax)			5.0		%				5.0		%				4.9		%
Nondeductible/nontaxable items			3.3		%				(0.5)		%				(0.4)		%
Rate differential from foreign jurisdictions			(0.2)		%				—		%				—		%
Provision to return adjustment			0.2		%				(0.1)		%				—		%
Adjustment to deferred tax assets and liabilities for change in tax rates			—		%				—		%				(0.2)		%
Deferred tax asset valuation allowance			—		%				—		%				(8.9)		%
Other			0.7		%				(0.1)		%				0.5		%
Effective tax rate			30.0		%				25.3		%				16.9		%

Schedule of income tax

For financial reporting purposes, income (loss) before income taxes attributable to PBF Energy Inc. stockholders includes the following components:

			Year Ended December 31,
(in millions)			2024						2023						2022
United States income (loss)			$	(739.8)					$	2,852.4					$	3,464.2
Foreign income (loss)			(22.4)						11.9						(2.6)
Total income (loss) before income taxes attributable to PBF Energy Inc. stockholders			$	(762.2)					$	2,864.3					$	3,461.6

Summary of the components of deferred tax assets and liabilities

A summary of the components of PBF Energy’s deferred tax assets and deferred tax liabilities consists of the following: 

(in millions)			December 31, 2024						December 31, 2023
Deferred tax assets
Purchase interest step-up			$	165.0					$	171.6
Pension, employee benefits and compensation			53.3						96.5
Net operating loss carry forwards			297.5						3.4
Environmental liabilities			39.0						40.4
Lease liabilities			317.4						305.9
Other			50.7						27.0
Total deferred tax assets			922.9						644.8
Deferred tax liabilities
Property, plant and equipment			1,122.0						1,062.2
Inventory			60.3						68.6
Right of use assets			314.5						303.5
Equity method investment in SBR			249.6						278.8
Other			12.5						5.0
Total deferred tax liabilities			1,758.9						1,718.1
Net deferred tax liability			$	(836.0)					$	(1,073.3)

Summary of income tax examinations

Income tax years that remain subject to examination by material jurisdictions, where an examination has not already concluded are all years including and subsequent to:

United States
Federal			2020
New Jersey			2020
Michigan			2020
Delaware			2021
Indiana			2021
Pennsylvania			2021
New York			2021
Louisiana			2021
California			2020

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

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