DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2024

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 September 30, 2024 and December 31, 2023, 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 not designated as hedging instruments:
September 30, 2024:
Commodity contracts	Accounts receivable	$	(3.2)
December 31, 2023:
Commodity contracts	Accounts receivable	$	33.2

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 September 30, 2024:
Derivatives included within the inventory intermediation agreement obligations	Cost of products and other	$	—
For the three months ended September 30, 2023:
Derivatives included within the inventory intermediation agreement obligations	Cost of products and other	$	(16.6)
For the nine months ended September 30, 2024:
Derivatives included within the inventory intermediation agreement obligations	Cost of products and other	$	—
For the nine months ended September 30, 2023:
Derivatives included within the inventory intermediation agreement obligations	Cost of products and other	$	(25.1)
Derivatives not designated as hedging instruments:
For the three months ended September 30, 2024:
Commodity contracts	Cost of products and other	$	9.8
For the three months ended September 30, 2023:
Commodity contracts	Cost of products and other	$	(28.5)
For the nine months ended September 30, 2024:
Commodity contracts	Cost of products and other	$	12.3
For the nine months ended September 30, 2023:
Commodity contracts	Cost of products and other	$	9.7
Hedged items designated in fair value hedges:
For the three months ended September 30, 2024:
Crude oil, intermediate and refined product inventory	Cost of products and other	$	—
For the three months ended September 30, 2023:
Crude oil, intermediate and refined product inventory	Cost of products and other	$	16.6
For the nine months ended September 30, 2024:
Crude oil, intermediate and refined product inventory	Cost of products and other	$	—
For the nine months ended September 30, 2023:
Crude oil, intermediate and refined product inventory	Cost of products and other	$	25.1