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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Jan. 01, 2019
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Jun. 30, 2017
Current assets:            
Cash and cash equivalents $ 384.6   $ 561.7 $ 315.8 $ 526.2 $ 315.8
Accounts receivable 863.4   710.7      
Accounts receivable - affiliate 4.7   12.0      
Inventories 2,564.8   1,864.1      
Prepaid and other current assets 122.4   52.5      
Total current assets 3,939.9   3,201.0      
Property, plant and equipment, net 3,014.3   2,971.2      
Investment in equity method investee 167.7   169.5      
Operating Lease, Right-of-Use Asset 900.7 $ 853.9        
Deferred charges and other assets, net 998.2   871.8      
Total assets 9,020.8   7,213.5      
Current liabilities:            
Accounts payable 546.0   483.8      
Accounts payable - affiliate 43.9   49.5      
Accrued expenses 1,843.7   1,579.0      
Operating Lease, Liability, Current 154.2          
Current debt [1] 2.5   2.4      
Deferred revenue 63.6   17.1      
Total current liabilities 2,653.9   2,131.8      
Long-term debt 1,510.7   1,258.0      
Deferred tax liabilities 33.2   40.4      
Operating Lease, Liability, Noncurrent 747.0          
Other long-term liabilities 251.0   253.5      
Total liabilities 5,195.8   3,683.7      
Commitments and contingencies (Note 5)        
Equity:            
Member’s equity 2,658.4   2,652.5      
Retained earnings 1,179.4   890.3      
Accumulated other comprehensive loss (23.7)   (23.9)      
Total PBF Holding Company LLC equity 3,814.1   3,518.9      
Noncontrolling interest 10.9   10.9      
Total equity 3,825.0   3,529.8 $ 3,219.7 $ 3,183.9  
Total liabilities and equity 9,020.8   7,213.5      
Third Party Lease [Member]            
Current assets:            
Operating Lease, Right-of-Use Asset 245.1   0.0      
Current liabilities:            
Operating Lease, Liability, Current 80.9   0.0      
Operating Lease, Liability, Noncurrent 164.7   0.0      
Lease with Affiliate [Member]            
Current assets:            
Operating Lease, Right-of-Use Asset 655.6 $ 604.4 0.0      
Current liabilities:            
Operating Lease, Liability, Current 73.3   0.0      
Operating Lease, Liability, Noncurrent $ 582.3   $ 0.0      
[1] Catalyst leases are valued using a market approach based upon commodity prices for similar instruments quoted in active markets and are categorized as a Level 2 measurement. The Company has elected the fair value option for accounting for its catalyst lease repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst. During 2018, Toledo Refining and Chalmette Refining entered into two platinum bridge leases which were settled in April 2019 and Delaware City Refining entered into a new platinum bridge lease, which will expire in the second quarter of 2019. These leases are payable at maturity and are not anticipated to be renewed. The total outstanding balance related to these bridge leases as of March 31, 2019 and December 31, 2018 was $2.5 million and $2.4 million, respectively, and is included in Current debt in the Company’s Condensed Consolidated Balance Sheets.