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INVENTORIES (Tables)
9 Months Ended
Sep. 30, 2021
Inventory Disclosure [Abstract]  
Schedule of Inventory
Inventories consisted of the following:
September 30, 2021
(in millions)Titled InventoryInventory Intermediation AgreementsTotal
Crude oil and feedstocks$1,277.7 $— $1,277.7 
Refined products and blendstocks1,059.0 355.5 1,414.5 
Warehouse stock and other139.2 — 139.2 
$2,475.9 $355.5 $2,831.4 
Lower of cost or market adjustment— — — 
Total inventories$2,475.9 $355.5 $2,831.4 
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