INVENTORIES

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following:

(in millions)	June 30, 2024		December 31, 2023
Refined products and blendstocks	$	1,398.7	$	1,536.5
Crude oil and feedstocks	1,307.5		1,495.4
Warehouse stock and other	158.0		151.2
	2,864.2		3,183.1
Lower of cost or market adjustment	—		—
Total inventories	$	2,864.2	$	3,183.1

As of June 30, 2024 and December 31, 2023 there was no lower of cost or market adjustment recorded as the replacement value of inventories exceeded the last-in, first-out carrying value.