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INVENTORIES (Tables)
12 Months Ended
Dec. 31, 2020
Inventory Disclosure [Abstract]  
Schedule of Inventory
Inventories consisted of the following:
December 31, 2020
(in millions)Titled InventoryInventory Intermediation AgreementsTotal
Crude oil and feedstocks$1,018.9 $— $1,018.9 
Refined products and blendstocks933.7 266.5 1,200.2 
Warehouse stock and other136.7 — 136.7 
$2,089.3 $266.5 $2,355.8 
Lower of cost or market adjustment(572.4)(97.2)(669.6)
Total inventories$1,516.9 $169.3 $1,686.2 
 
December 31, 2019
(in millions)Titled InventoryInventory Intermediation AgreementsTotal
Crude oil and feedstocks$1,071.4 $2.7 $1,074.1 
Refined products and blendstocks976.0 352.9 1,328.9 
Warehouse stock and other120.8 — 120.8 
$2,168.2 $355.6 $2,523.8 
Lower of cost or market adjustment(324.8)(76.8)(401.6)
Total inventories$1,843.4 $278.8 $2,122.2