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FAIR VALUE MEASUREMENTS (Fair Value and Carrying Value of Debt) (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Dec. 22, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Long-term Debt, Gross $ 3,985.5 $ 1,287.1  
Less - Current debt (7.4) 0.0  
Unamortized Debt Issuance Expense (45.3) (24.3)  
Long-term debt 3,932.8 1,262.8  
Long-term Debt, Fair Value 3,280.6 1,358.3  
Less - Current maturities, Fair value [1] (7.4) 0.0  
Long-term debt, Fair value 3,273.2 1,358.3  
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 0.0  
2025 Senior Secured Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Long-term Debt 1,250.6 0.0  
Long-term Debt, Fair Value 1,232.9 0.0  
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 562.5 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 [2] 475.3 776.5  
2023 Senior Notes [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Long-term Debt 0.0 500.0  
Long-term Debt, Fair Value [2] 0.0 519.7  
Catalyst Obligation [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Long-term Debt 102.5 47.6  
Long-term Debt, Fair Value [1] 102.5 47.6  
PBF Rail Logistics Company LLC [Member] | PBF Rail Term Loan [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Long-term Debt 7.4 14.5 $ 35.0
Long-term Debt, Fair Value [3] $ 7.4 $ 14.5  
[1] (d) 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.
[2]
(a) 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.
(b) As disclosed in “Note 9 - Credit Facilities and Debt”, the 2023 Senior Notes were redeemed in full on February 14, 2020.
[3] (c) 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.