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DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2024 and December 31, 2023 and the line items in the Consolidated Balance Sheets in which fair values are reflected.
Description
Balance Sheet Location
Fair Value
Asset
(in millions)
Derivatives not designated as hedging instruments:
December 31, 2024:
Commodity contractsAccounts receivable $2.0 
December 31, 2023:
Commodity contractsAccounts 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 Consolidated Statements of Operations in which such gains and losses are reflected.
DescriptionLocation 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 year ended December 31, 2024:
Derivatives included within the inventory intermediation agreement obligationsCost of products and other $— 
For the year ended December 31, 2023:
Derivatives included within the inventory intermediation agreement obligationsCost of products and other $21.0 
For the year ended December 31, 2022:
Derivatives included within the inventory intermediation agreement obligationsCost of products and other $5.4 
Derivatives not designated as hedging instruments:
For the year ended December 31, 2024:
Commodity contractsCost of products and other $12.3 
For the year ended December 31, 2023:
Commodity contractsCost of products and other $38.1 
For the year ended December 31, 2022:
Commodity contractsCost of products and other $(31.5)
Hedged items designated in fair value hedges:
For the year ended December 31, 2024:
Crude oil, intermediate and refined product inventoryCost of products and other $— 
For the year ended December 31, 2023:
Crude oil, intermediate and refined product inventoryCost of products and other $(21.0)
For the year ended December 31, 2022:
Crude oil, intermediate and refined product inventoryCost of products and other $(5.4)