
(in millions)	December 31, 2025		December 31, 2024
Inventory-related accruals	$	1,351.5	$	1,398.8
Renewable energy credit and emissions obligations (a)	574.8		465.9
Accrued transportation costs	136.6		175.2
Accrued capital expenditures	126.4		52.7
Excise and sales tax payable	92.8		150.7
Accrued utilities	82.6		71.5
Accrued salaries and benefits	61.4		23.9
Accrued refinery maintenance and support costs	56.7		45.5
Accrued interest	53.8		29.5
Accrued purchases - SBR	39.4		47.8
Current finance lease liabilities	12.2		11.2
Environmental liabilities	9.7		9.7


Other	65.0		51.1
Total accrued expenses	$	2,662.9	$	2,533.5

(a) The Company is subject to obligations to purchase RINs required to comply with RFS. The Company’s overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by the EPA. To the degree the Company is unable to blend the required amount of biofuels to satisfy its RINs obligation, RINs must be purchased on the open market to avoid penalties and fines. The Company records its RINs obligation on a net basis in Accrued expenses when its RINs liability is greater than the amount of RINs earned and purchased in a given period and in Prepaid and other current assets when the amount of RINs earned and purchased is greater than the RINs liability. In addition, the Company is subject to obligations to comply with federal and state legislative and regulatory measures, including regulations in the state of California pursuant to Assembly Bill 32 (“AB 32”), to address environmental compliance and greenhouse gas (“GHG”) and other emissions. These requirements include incremental costs to operate and maintain the Company’s facilities as well as to implement and manage new emission controls and programs. Renewable energy credit and emissions obligations fluctuate with the volume of applicable product sales and timing of credit purchases. From time to time, the Company enters into forward purchase commitments in order to acquire its renewable energy and emissions credits at fixed prices. The Company’s RIN obligations will be settled in accordance with established regulatory deadlines. The majority of the Company’s current AB 32 liability is part of an ongoing triennial period program through 2026 which will be settled in 2027.