Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The Company's goodwill is assigned to its Marketing segment and none of the goodwill is deductible for tax purposes.

	December 31,
(Millions of dollars)	2025		2024
Goodwill	$	328.0	$	328.0

We amortize intangible assets subject to amortization on a straight-line basis based on the period for which the economic benefits of the asset or liability are expected to be realized. The intangible assets subject to amortization includes pipeline space, which is being amortized over a 40-year life, and the intangible lease liability acquired from QuickChek which is being amortized over the remaining life of the underlying leases.

Intangible assets subject to amortization at December 31, 2025 and 2024 consisted of the following:

	Remaining Useful Life (in years)	December 31, 2025				December 31, 2024
(Millions of dollars)		Cost		Net		Cost		Net
Intangible assets subject to amortization:
Pipeline space	29.7	$	39.6	$	29.7	$	39.6	$	30.7
Intangible lease liability	8.6	(9.1)		(5.8)		(9.1)		(6.6)
Total intangible assets subject to amortization		30.5		23.9		30.5		24.1
Intangible assets not subject to amortization, indefinite lives:
Trade name		115.4		115.4		115.4		115.4
Intangible assets, net of amortization		$	145.9	$	139.3	$	145.9	$	139.5