DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments

The following tables provide information regarding the fair values of derivative instruments as of March 31, 2021 and December 31, 2020, and the line items in the Condensed Consolidated Balance Sheets in which fair values are reflected.

Description	Balance Sheet Location	Fair Value Asset/(Liability)
		(in millions)
Derivatives designated as hedging instruments:
March 31, 2021:
Derivatives included with the inventory intermediation agreement obligations	Accrued expenses	$	3.3
December 31, 2020:
Derivatives included with the inventory intermediation agreement obligations	Accrued expenses	$	11.3
Derivatives not designated as hedging instruments:
March 31, 2021:
Commodity contracts	Accounts receivable	$	2.5
December 31, 2020:
Commodity contracts	Accounts receivable	$	(3.0)

Schedule of Derivative Instruments, Gain (Loss) Recognized in Income

The following table provides information regarding gains or losses recognized in income on derivative instruments and the line items in the Condensed Consolidated Statements of Operations in which such gains and losses are reflected.

Description	Location of Gain or (Loss) Recognized in  Income on Derivatives	Gain or (Loss) Recognized in Income on Derivatives
		(in millions)
Derivatives designated as hedging instruments:
For the three months ended March 31, 2021:
Derivatives included with the inventory intermediation agreement obligations	Cost of products and other	$	(8.0)
For the three months ended March 31, 2020:
Derivatives included with the inventory intermediation agreement obligations	Cost of products and other	$	67.9
Derivatives not designated as hedging instruments:
For the three months ended March 31, 2021:
Commodity contracts	Cost of products and other	$	(14.8)
For the three months ended March 31, 2020:
Commodity contracts	Cost of products and other	$	78.2
Hedged items designated in fair value hedges:
For the three months ended March 31, 2021:
Crude oil, intermediate and refined product inventory	Cost of products and other	$	8.0
For the three months ended March 31, 2020:
Crude oil, intermediate and refined product inventory	Cost of products and other	$	(67.9)