Other Current Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2025

Other Current Assets and Liabilities [Abstract]

Schedule of Other Assets and Other Liabilities

The detail of other current assets is as follows (in millions):

Other Current Assets	September 30, 2025		December 31, 2024
Consolidated Net RINs surplus(1) (see Note 12)	$	146.8	$	—
Short-term derivative assets (see Note 11)	61.0		8.8
Prepaid expenses	60.7		69.2
Income and other tax receivables	5.2		6.7
Other	4.7		0.8
Total	$	278.4	$	85.5

The detail of accrued expenses and other current liabilities is as follows (in millions):

Accrued Expenses and Other Current Liabilities	September 30, 2025		December 31, 2024
Product financing agreements	$	398.8	$	185.9
Crude purchase liabilities	212.5		193.9
Employee costs	97.2		43.2
Income and other taxes payable	79.9		101.1
Consolidated Net RINs deficit (see Note 12)	—		30.6
Short-term derivative liabilities (see Note 11)	39.1		5.6
Deferred revenue	4.3		6.9
Other	88.5		82.3
Total	$	920.3	$	649.5

(1)Net of RIN lower of cost or market reserve of $39.4 million for the three and nine months ended September 30, 2025.