INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

The reported income tax expense (benefit) in the PBF Holding Consolidated Statements of Operations consists of the following:

(in millions)	December 31, 2023		December 31, 2022		December 31, 2021
Current income tax (benefit) expense	$	(1.8)	$	0.5	$	0.5
Deferred income tax expense (benefit)	3.7		(3.2)		(14.5)
Total income tax expense (benefit)	$	1.9	$	(2.7)	$	(14.0)

Schedule of Deferred Tax Assets and Liabilities

A summary of the components of PBF Holding’s deferred tax assets and deferred tax liabilities consists of the following: 

(in millions)	December 31, 2023		December 31, 2022
Deferred tax assets
Net operating loss carry forwards	$	0.9	$	2.2
Other	0.6		0.6
Total deferred tax assets	1.5		2.8
Valuation allowance	—		—
Total deferred tax assets, net	1.5		2.8
Deferred tax liabilities
Property, plant and equipment	15.4		16.0
Inventory	10.9		7.8
Total deferred tax liabilities	26.3		23.8
Net deferred tax liability	$	(24.8)	$	(21.0)