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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

			Year Ended December 31, 2024
(in millions)			Refining						Logistics						Corporate						Eliminations						Consolidated Total
Revenues			$	33,077.9					$	386.8					$	—					$	(349.4)					$	33,115.3
Cost of products and other			30,590.4						8.3						—						(332.0)						30,266.7
Operating expenses			2,487.8						135.8						—						(17.4)						2,606.2
Depreciation and amortization expense			578.4						36.2						13.2						—						627.8
Other segment expenses, net (1) (2)			0.9						7.3						305.4						—						313.6
Income (loss) from operations (2)			(579.5)						199.1						(318.6)						—						(699.0)
Interest (income) expense, net			(14.1)						(1.9)						88.0						—						72.0
Capital expenditures (3)			994.8						6.5						7.0						—						1,008.3

			Year Ended December 31, 2023
			Refining						Logistics						Corporate						Eliminations						Consolidated Total
Revenues			$	38,288.5					$	384.1					$	—					$	(347.8)					$	38,324.8
Cost of products and other			33,000.8						—						—						(329.5)						32,671.3
Operating expenses			2,581.3						131.9						—						(18.3)						2,694.9
Depreciation and amortization expense			523.9						36.1						11.5						—						571.5
Other segment (income) expenses, net (1) (2)			(1.1)						10.0						(573.3)						—						(564.4)
Income from operations (2)			2,183.6						206.1						561.8						—						2,951.5
Interest (income) expense, net			(4.8)						2.3						66.3						—						63.8
Capital expenditures (3)			1,152.9						11.9						8.8						—						1,173.6

			Year Ended December 31, 2022
			Refining						Logistics						Corporate						Eliminations						Consolidated Total
Revenues			$	46,780.6					$	369.3					$	—					$	(319.6)					$	46,830.3
Cost of products and other			39,350.7						—						—						(301.6)						39,049.1
Operating expenses			2,495.6						121.4						—						(18.0)						2,599.0
Depreciation and amortization expense			466.9						36.7						7.5						—						511.1
Other segment expenses, net (1)			0.9						27.6						489.4						—						517.9
Income (loss) from operations			4,466.4						183.7						(496.9)						—						4,153.2
Interest expense, net			10.9						39.5						195.6						—						246.0
Capital expenditures (3)			994.9						7.9						8.1						—						1,010.9

			Balance at December 31, 2024
			Refining						Logistics						Corporate						Eliminations						Consolidated Total
Total assets (4)			$	10,945.5					$	781.9					$	1,015.4					$	(39.6)					$	12,703.2

			Balance at December 31, 2023
			Refining						Logistics						Corporate						Eliminations						Consolidated Total
Total assets (4)			$	12,590.6					$	816.8					$	1,024.1					$	(43.7)					$	14,387.8

(1) Other segment (income) expenses, net include General and administrative expenses (excluding depreciation and amortization expenses), Change in fair value of contingent consideration, net, Equity loss in investee, Loss (gain) on formation of SBR equity method investment, and Loss (gain) on sale of assets.

(2) Income (loss) from operations within Corporate for the year ended December 31, 2024, includes a $8.7 million reduction of the gain associated with the formation of the SBR equity method investment. Income from operations within Corporate for the year ended December 31, 2023, includes a gain of $925.1 million associated with the formation of the SBR equity method investment.

(3) For the years ended December 31, 2024, December 31, 2023, and December 31, 2022, the Company’s refining segment includes $5.6 million, $312.7 million, and $336.2 million, respectively, of capital expenditures related to the Renewable Diesel Facility.

(4) As of December 31, 2024 and December 31, 2023, Corporate assets include the Company’s Equity method investment in SBR of $866.8 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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