v3.25.4
SEGMENT INFORMATION (Schedule of Segment Reporting) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Sales $ 29,332.3 $ 33,115.3 $ 38,324.8
Cost of products and other 26,627.0 30,266.7 32,671.3
Operating expenses (excluding depreciation and amortization expense as reflected below) 2,646.0 2,606.2 2,694.9
Depreciation and amortization expense 644.7 627.8 571.5
Other segment (income) expenses, net [1] (531.1) 313.6 (564.4)
Income (loss) from operations (54.3) (699.0) 2,951.5
Interest (income) expense, net 181.6 72.0 63.8
Capital expenditures 628.9 1,008.3 1,173.6
Total assets 13,019.9 12,703.2  
Loss (gain) on formation of SBR equity method investment 0.0 (8.7) 925.1
Equity method investment in SBR 826.3 866.8  
Martinez Fire Rebuild      
Segment Reporting Information [Line Items]      
Capital expenditures 532.9    
Renewable Diesel Facility      
Segment Reporting Information [Line Items]      
Capital expenditures   5.6 312.7
Eliminations      
Segment Reporting Information [Line Items]      
Sales (348.9) (349.4) (347.8)
Cost of products and other (331.5) (332.0) (329.5)
Operating expenses (excluding depreciation and amortization expense as reflected below) (17.5) (17.4) (18.3)
Depreciation and amortization expense 0.0 0.0 0.0
Other segment (income) expenses, net [1] 0.0 0.0 0.0
Income (loss) from operations 0.0 0.0 0.0
Interest (income) expense, net 0.0 0.0 0.0
Capital expenditures 0.0 0.0 0.0
Total assets (38.9) (39.6)  
Refining | Operating Segments      
Segment Reporting Information [Line Items]      
Sales 29,297.7 33,077.9 38,288.5
Cost of products and other 26,950.2 30,590.4 33,000.8
Operating expenses (excluding depreciation and amortization expense as reflected below) 2,547.0 2,487.8 2,581.3
Depreciation and amortization expense 594.2 578.4 523.9
Other segment (income) expenses, net [1] (831.4) 0.9 (1.1)
Income (loss) from operations 37.6 (579.5) 2,183.6
Interest (income) expense, net (27.7) (14.1) (4.8)
Capital expenditures [2] 598.1 994.8 1,152.9
Total assets 11,469.1 10,945.5  
Logistics | Operating Segments      
Segment Reporting Information [Line Items]      
Sales 383.5 386.8 384.1
Cost of products and other 8.3 8.3 0.0
Operating expenses (excluding depreciation and amortization expense as reflected below) 116.5 135.8 131.9
Depreciation and amortization expense 36.1 36.2 36.1
Other segment (income) expenses, net [1] (86.9) 7.3 10.0
Income (loss) from operations 309.6 199.1 206.1
Interest (income) expense, net (1.6) (1.9) 2.3
Capital expenditures 17.0 6.5 11.9
Total assets 683.4 781.9  
Corporate | Segment Reporting, Reconciling Item, Corporate Nonsegment      
Segment Reporting Information [Line Items]      
Sales 0.0 0.0 0.0
Cost of products and other 0.0 0.0 0.0
Operating expenses (excluding depreciation and amortization expense as reflected below) 0.0 0.0 0.0
Depreciation and amortization expense 14.4 13.2 11.5
Other segment (income) expenses, net [1] 387.2 305.4 [3] (573.3)
Income (loss) from operations (401.5) [3] (318.6) [3] 561.8
Interest (income) expense, net 210.9 88.0 66.3
Capital expenditures 13.8 7.0 $ 8.8
Total assets [4] $ 906.3 $ 1,015.4  
[1] Other segment (income) expenses, net include General and administrative expenses (excluding depreciation and amortization expenses), Gain on insurance recoveries, net, Change in fair value of contingent consideration, net, Equity loss in investee, Loss (gain) on formation of SBR equity method investment, and (Gain) loss on sale of assets.
[2] For the year ended December 31, 2025, the Company’s refining segment Capital expenditures exclude $532.9 million of costs associated with the rebuild of units damaged by the Martinez refinery fire. For the years ended December 31, 2024 and December 31, 2023, the Company’s refining segment includes $5.6 million and $312.7 million, respectively, of capital expenditures related to the Renewable Diesel Facility.
[3] Income (loss) from operations and Other segment (income) expenses, net within Corporate for the year ended December 31, 2024, included a $8.7 million reduction of the gain associated with the formation of the SBR equity method investment.
[4] As of December 31, 2025 and December 31, 2024, Corporate assets include the Company’s Equity method investment in SBR of $826.3 million and $866.8 million, respectively.