INCOME TAXES (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2020

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Components of Income Tax (Benefit) Expense

The reported income tax provision in the PBF Holding Condensed Consolidated Financial Statements of Operations consists of the following:

	Three Months Ended June 30,						Six Months Ended June 30,
(in millions)	2020			2019			2020		2019
Current income tax benefit	$	—		$	(0.1	)	$	—	$	(0.1	)
Deferred income tax (benefit) expense		(4.4	)		1.9			9.8		(5.3	)
Total income tax (benefit) expense	$	(4.4	)	$	1.8		$	9.8	$	(5.4	)

The reported income tax (benefit) expense in the PBF Holding Consolidated Statements of Operations consists of the following:

(in millions)	December 31, 2019			December 31, 2018		December 31, 2017
Current income tax expense	$	0.5		$	0.8	$	1.7
Deferred income tax (benefit) expense		(8.8	)		7.2		(12.5	)
Total income tax (benefit) expense	$	(8.3	)	$	8.0	$	(10.8	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

A summary of the components of PBF Holding’s deferred tax assets and deferred tax liabilities consists of the following:

(in millions)	December 31, 2019			December 31, 2018
Deferred tax assets
Net operating loss carry forwards	$	1.8		$	—
Other		0.4			1.1
Total deferred tax assets		2.2			1.1
Valuation allowances		—			—
Total deferred tax assets, net		2.2			1.1
Deferred tax liabilities
Property, plant and equipment		17.3			15.8
Inventory		16.3			25.7
Total deferred tax liabilities		33.6			41.5
Net deferred tax liability	$	(31.4	)	$	(40.4	)