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FAIR VALUE MEASUREMENTS (Fair Value and Carrying Value of Debt) (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term debt, Fair value $ 2,100.2 $ 1,358.3
Long-term Debt, Gross 2,673.7 1,287.1
Unamortized Debt Issuance Expense (30.2) (24.3)
Long-term Debt, Excluding Current Maturities 2,643.5 1,262.8
Long-term debt, excluding current maturities, Fair value 2,100.2 1,358.3
2028 Senior Notes [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt 1,000.0 0.0
Long-term debt, Fair value 670.9 [1] 0.0
2025 Senior Notes [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt 725.0 725.0
Long-term debt, Fair value [1] 480.6 776.5
2023 Senior Notes [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt 0.0 [2] 500.0
Long-term debt, Fair value 0.0 519.7
Line of Credit [Member] | Revolving Credit Facility [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Line of Credit 900.0 0.0
Lines of Credit, Fair Value Disclosure 900.0 [3] 0.0
Catalyst Obligation [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt 35.9 47.6
Long-term debt, Fair value [4] 35.9 47.6
PBF Rail Logistics Company LLC [Member] | Notes Payable to Banks [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt 12.8 14.5
Long-term debt, Fair value [3] $ 12.8 $ 14.5
[1] The estimated fair value, categorized as a Level 2 measurement, was calculated based on the present value of future expected payments utilizing implied current market interest rates based on quoted prices of the outstanding senior notes.
[2] As discussed in “Note 6 - Debt”, the 2023 Senior Notes were redeemed in full on February 14, 2020.
[3] The estimated fair value approximates carrying value, categorized as a Level 2 measurement, as these borrowings bear interest based upon short-term floating market interest rates.
[4] Catalyst financing arrangements 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 repurchase obligations as the Company’s liability is directly impacted by the change in fair value of the underlying catalyst.