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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Estimated Fair Value on a Recurring Basis

The following tables present information about our gross assets and liabilities that are measured at fair value on a recurring basis (in millions):

			Fair Value Measurements as of September 30, 2025
			Level 1 Inputs						Level 2 Inputs						Level 3 Inputs						Total
Assets:
Commodities contracts			$	131.1					$	224.2					$	14.1					$	369.3
Foreign currency contracts			—						13.6						—						13.6
Cash surrender value of life insurance			—						20.9						—						20.9
Total assets at fair value			$	131.1					$	258.7					$	14.1					$	403.8
Liabilities:
Commodities contracts			$	151.2					$	142.6					$	7.6					$	301.4
Foreign currency contracts			—						11.4						—						11.4
Total liabilities at fair value			$	151.2					$	154.0					$	7.6					$	312.8

			Fair Value Measurements as of December 31, 2024
			Level 1 Inputs						Level 2 Inputs						Level 3 Inputs						Total
Assets:
Commodities contracts			$	157.4					$	300.8					$	9.4					$	467.6
Interest rate contract			—						2.9						—						2.9
Foreign currency contracts			—						29.1						—						29.1
Cash surrender value of life insurance			—						20.0						—						20.0
Total assets at fair value			$	157.4					$	352.8					$	9.4					$	519.6
Liabilities:
Commodities contracts			$	165.9					$	209.1					$	3.7					$	378.7
Foreign currency contracts			—						22.9						—						22.9
Total liabilities at fair value			$	165.9					$	232.0					$	3.7					$	401.6

Schedule of Derivative Instruments at Fair Value and Their Locations on the Balance Sheets

The following tables summarize those derivative balances subject to the right of offset as presented on our Condensed Consolidated Balance Sheets (in millions):

						Fair Value as of September 30, 2025
						Gross Amounts Recognized						Gross Amounts Offset						Net Amounts Presented						Cash Collateral						Gross Amounts without Right of Offset						Net Amounts
Assets:
Commodities contracts						$	369.3					$	221.2					$	148.2					$	2.1					$	—					$	146.1
Foreign currency contracts						13.6						8.6						5.0						—						—						5.0
Total assets at fair value						$	383.0					$	229.8					$	153.2					$	2.1					$	—					$	151.1
Liabilities:
Commodities contracts						$	301.4					$	221.2					$	80.3					$	9.4					$	—					$	70.8
Foreign currency contracts						11.4						8.6						2.8						—						—						2.8
Total liabilities at fair value						$	312.8					$	229.8					$	83.1					$	9.4					$	—					$	73.6

						Fair Value as of December 31, 2024
						Gross Amounts Recognized						Gross Amounts Offset						Net Amounts Presented						Cash Collateral						Gross Amounts without Right of Offset						Net Amounts
Assets:
Commodities contracts						$	467.6					$	253.2					$	214.4					$	0.1					$	—					$	214.3
Interest rate contract						2.9						—						2.9						—						—						2.9
Foreign currency contracts						29.1						20.7						8.5						—						—						8.5
Total assets at fair value						$	499.6					$	273.9					$	225.8					$	0.1					$	—					$	225.6
Liabilities:
Commodities contracts						$	378.7					$	253.2					$	125.5					$	12.1					$	—					$	113.4
Foreign currency contracts						22.9						20.7						2.3						—						—						2.3
Total liabilities at fair value						$	401.6					$	273.9					$	127.8					$	12.1					$	—					$	115.6

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-13

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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