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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 624.1 $ 625.8
Accounts receivable, net 942.7 648.7
Inventories, net of inventory valuation reserves 931.0 726.0
Other current assets 149.9 67.5
Total current assets 2,647.7 2,068.0
Property, plant and equipment:    
Property, plant and equipment 5,811.3 5,586.9
Less: accumulated depreciation (2,399.9) (2,314.4)
Property, plant and equipment, net 3,411.4 3,272.5
Operating lease right-of-use assets 69.9 71.4
Goodwill 475.3 475.3
Other intangibles, net 404.2 405.7
Equity method investments 424.4 427.7
Other non-current assets 137.0 127.1
Total assets 7,569.9 6,847.7
Current liabilities:    
Accounts payable 2,309.7 1,633.8
Current portion of long-term debt 9.5 9.5
Current portion of operating lease liabilities 26.3 27.2
Accrued expenses and other current liabilities 1,149.1 858.9
Total current liabilities 3,494.6 2,529.4
Non-current liabilities:    
Long-term debt, net of current portion 3,173.6 3,223.6
Obligation under Inventory Intermediation Agreement 230.5 119.5
Environmental liabilities, net of current portion 30.9 31.1
Asset retirement obligations 35.1 34.0
Deferred tax liabilities 159.5 217.9
Operating lease liabilities, net of current portion 42.9 46.1
Other non-current liabilities 100.8 98.8
Total non-current liabilities 3,773.3 3,771.0
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding 0.0 0.0
Common stock, $0.01 par value, 110,000,000 shares authorized, 78,793,863 shares and 77,357,447 shares issued at March 31, 2026, and December 31, 2025, respectively 0.8 0.8
Additional paid-in capital 1,274.4 1,290.9
Treasury stock, 17,575,527 shares, at cost, at March 31, 2026, and December 31, 2025, respectively (694.1) (694.1)
Retained earnings (deficit) (528.6) (311.1)
Non-controlling interests in subsidiaries 249.5 260.8
Total stockholders’ equity 302.0 547.3
Total liabilities and stockholders’ equity $ 7,569.9 $ 6,847.7