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Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2017
Derivative Instruments [Abstract]  
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following table presents the fair value of our derivative instruments as of March 31, 2017 and December 31, 2016. The fair value amounts below are presented on a gross basis and do not reflect the netting of asset and liability positions permitted under our master netting arrangements, including cash collateral on deposit with our counterparties. We have elected to offset the recognized fair value amounts for multiple derivative instruments executed with the same counterparty in our financial statements. As a result, the asset and liability amounts below differ from the amounts presented in our condensed consolidated balance sheets (in millions):
 
 
 
March 31, 2017
 
December 31, 2016
Derivative Type
Balance Sheet Location
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
OTC commodity swaps(1)
Other current assets
 
$
13.7

 
$
(11.7
)
 
$
37.4

 
$
(30.6
)
OTC commodity swaps(1)
Other current liabilities
 
9.3

 
(16.6
)
 
14.4

 
(35.2
)
OTC commodity swaps(1)
Other long term assets
 
1.3

 
(1.2
)
 
—

 
—

OTC commodity swaps(1)
Other long term liabilities
 
2.3

 
(2.7
)
 
—

 
—

RIN commitment contracts(2)
Other current liabilities
 
—

 
(3.4
)
 
—

 
(0.8
)
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
OTC commodity swaps(1)
Other current assets
 
1.4

 
(1.0
)
 
0.1

 
(2.5
)
OTC commodity swaps(1)
Other current liabilities
 
0.5

 
(14.8
)
 
1.2

 
(18.0
)
OTC commodity swaps(1)
Other long term liabilities
 
—

 
(22.6
)
 
—

 
(17.3
)
Total gross fair value of derivatives
 
$
28.5

 
$
(74.0
)
 
$
53.1

 
$
(104.4
)
Less: Counterparty netting and cash collateral(3)
 
25.0

 
(33.9
)
 
46.3

 
(61.0
)
Total net fair value of derivatives
 
$
3.5

 
$
(40.1
)
 
$
6.8

 
$
(43.4
)
            
(1) 
As of March 31, 2017 and December 31, 2016, we had open derivative positions representing 24,019,000 barrels and 9,348,000 barrels, respectively, of crude oil and refined petroleum products. Of these open positions, contracts representing 1,968,000 barrels and 3,392,000 barrels were designated as cash flow hedging instruments as of March 31, 2017 and December 31, 2016, respectively.
(2) 
As of March 31, 2017 and December 31, 2016, we had open RIN contracts representing 252,670,299 and 36,750,000 RINs, respectively.
(3) 
As of March 31, 2017 and December 31, 2016, $8.9 million and $14.7 million, respectively, of cash collateral held by counterparties has been netted with the derivatives with each counterparty.

Total losses on our commodity derivatives and RIN commitment contracts recorded in cost of goods sold on the condensed consolidated statements of income for the three months ended March 31, 2017 and 2016 are as follows (in millions):
 
 
Three Months Ended March 31,
 
 
2017
 
2016
Gains on derivatives not designated as hedging instruments
 
2.7

 
0.5

Realized losses reclassified out of OCI on derivatives designated as cash flow hedging instruments
 
(7.8
)
 
(7.3
)
Gains (losses) recognized due to cash flow hedging ineffectiveness
 
2.2

 
(1.0
)
 Total
 
$
(2.9
)
 
$
(7.8
)