Segments and Related Information (Tables)

12 Months Ended

Dec. 31, 2019

Reportable segment information is as follows (in millions):



Year Ended December 31, 2019	Specialty Products			Fuel Products ⁽¹⁾			Corporate			Eliminations			Consolidated Total
Sales:
External customers	$	1,354.1		$	2,098.5		$	—		$	—		$	3,452.6
Inter-segment sales	93.2			47.7			—			(140.9		)	—
Total sales	$	1,447.3		$	2,146.2		$	—		$	(140.9	)	$	3,452.6
Income from unconsolidated affiliates	$	3.8		$	—		$	—		$	—		$	3.8

Adjusted EBITDA	$	220.2		$	182.0		$	(97.6	)	$	—		$	304.6
Reconciling items to net loss:
Depreciation and amortization	47.1			74.7			7.6			—			129.4
Loss on impairment and disposal of assets	—			11.6			25.4			—			37.0
Loss on sale of business, net	—			8.7			—			—			8.7
Interest expense	—			16.3			118.3			—			134.6
Debt extinguishment costs	—			—			2.2			—			2.2
Unrealized loss on derivatives	1.0			25.1			—			—			26.1
Gain on sale of unconsolidated affiliate	(1.2		)	—			—			—			(1.2		)
Other non-recurring expenses													3.5
Equity based compensation and other items													7.4
Income tax expense													0.5
Net loss from continuing operations													$	(43.6	)

Year Ended December 31, 2018	Specialty Products			Fuel Products			Corporate			Eliminations			Consolidated Total
Sales:
External customers	$	1,382.4		$	2,115.1		$	—		$	—		$	3,497.5
Inter-segment sales	98.1			81.3			—			(179.4		)	—
Total sales	$	1,480.5		$	2,196.4		$	—		$	(179.4	)	$	3,497.5
Loss from unconsolidated affiliates	$	(3.7	)	$	—		$	—		$	—		$	(3.7	)

Adjusted EBITDA	$	162.2		$	199.2		$	(97.5	)	$	—		$	263.9
Reconciling items to net loss:
Depreciation and amortization	50.1			72.2			8.6			—			130.9
Gain on sale of business, net	—			4.8			—			—			(4.8		)
Interest expense	0.2			23.1			132.2			—			155.5
Debt extinguishment costs	—			—			58.8			—			58.8
Unrealized gain on derivatives	(1.0		)	(29.2		)	—			—			(30.2		)
Equity-based compensation and other items													4.0
Income tax expense													0.7
Net loss from continuing operations													$	(51.0	)



Year Ended December 31, 2017	Specialty Products			Fuel Products			Corporate			Eliminations			Consolidated Total
Sales:
External customers	$	1,300.4		$	2,463.4		$	—		$	—		$	3,763.8
Inter-segment sales	78.1			63.0			—			(141.1		)	—
Total sales	$	1,378.5		$	2,526.4		$	—		$	(141.1	)	$	3,763.8
Loss from unconsolidated affiliates	$	—		$	—					$	—		$	—

Adjusted EBITDA	$	188.3		$	225.8		$	(99.8	)	$	—		$	314.3
Reconciling items to net loss:
Depreciation and amortization	69.1			106.4			3.6			—			179.1
Loss on impairment and disposal of assets	60.3			147.0			—			—			207.3
Gain on sale of business, net	—			(236.0		)	—			—			(236.0		)
Interest expense	(1.7		)	12.8			172.0			—			183.1
Unrealized gain on derivatives	(1.0		)	(2.6		)	—			—			(3.6		)
Equity-based compensation and other items													15.8
Income tax benefit													(0.1		)
Net loss from continuing operations													$	(31.3	)

Major product category sales

The following table sets forth the major product category sales for each segment (dollars in millions):



	Year Ended December 31,
	2019				2018				2017
Specialty products:
Lubricating oils	$	593.1	17.2	%	$	600.1	17.2	%	$	584.2	15.5	%
Solvents	325.9		9.4	%	331.9		9.5	%	274.4		7.3	%
Waxes	119.3		3.4	%	117.0		3.3	%	117.2		3.1	%
Packaged and synthetic specialty products	230.8		6.7	%	256.8		7.3	%	260.7		6.9	%
Other	85.0		2.5	%	76.6		2.2	%	63.9		1.7	%
Total	1,354.1		39.2	%	1,382.4		39.5	%	1,300.4		34.5	%
Fuel products:
Gasoline	679.6		19.7	%	683.1		19.5	%	948.5		25.2	%
Diesel	859.1		24.9	%	910.0		26.0	%	877.9		23.4	%
Jet fuel	134.6		3.9	%	100.1		2.9	%	135.0		3.6	%
Asphalt, heavy fuel oils and other	425.2		12.3	%	421.9		12.1	%	502.0		13.3	%
Total	2,098.5		60.8	%	2,115.1		60.5	%	2,463.4		65.5	%
Consolidated sales	$	3,452.6	100.0	%	$	3,497.5	100.0	%	$	3,763.8	100.0	%