XML 109 R71.htm IDEA: XBRL DOCUMENT v3.19.1
Derivative Instruments - Derivative Assets and Liabilities (Details)
$ in Millions
3 Months Ended
Mar. 31, 2019
USD ($)
bbl
rins
Dec. 31, 2018
USD ($)
bbl
rins
Derivatives, Fair Value [Line Items]    
Assets $ 217.4 $ 461.8
Liabilities (180.8) (415.7)
Counterparty netting and cash collateral, Assets [1] 183.0 399.9
Counterparty netting and cash collateral, Liabilities [1] (161.6) (399.5)
Total net fair value of derivative assets 34.4 61.9
Total net fair value of derivative liabilities (19.2) (16.2)
Footnote [Abstract]    
Cash collateral $ 21.4 $ (0.4)
OTC commodity swaps    
Derivatives, Fair Value [Line Items]    
Maturity period for derivatives generally used to achieve objectives (or less) 3 years  
Footnote [Abstract]    
Derivative open contract | bbl 67,840,734 39,277,822
RIN commitment contracts    
Footnote [Abstract]    
Derivative open contract | rins 256,025,000 137,750,000
Derivatives not designated as hedging instruments: | OTC commodity swaps | Other current assets    
Derivatives, Fair Value [Line Items]    
Assets [2] $ 100.7 $ 158.3
Liabilities [2] (101.9) (142.4)
Derivatives not designated as hedging instruments: | OTC commodity swaps | Other current liabilities    
Derivatives, Fair Value [Line Items]    
Assets [2] 7.4 0.0
Liabilities [2] (12.5) (8.4)
Derivatives not designated as hedging instruments: | OTC commodity swaps | Other long-term assets    
Derivatives, Fair Value [Line Items]    
Assets [2] 0.6 2.1
Liabilities [2] (0.4) (2.4)
Derivatives not designated as hedging instruments: | OTC commodity swaps | Other long-term liabilities    
Derivatives, Fair Value [Line Items]    
Assets [2] 25.3 93.0
Liabilities [2] (30.3) (94.0)
Derivatives not designated as hedging instruments: | RIN commitment contracts | Other current assets    
Derivatives, Fair Value [Line Items]    
Assets [3] 4.0 2.0
Liabilities [3] 0.0 0.0
Derivatives not designated as hedging instruments: | RIN commitment contracts | Other current liabilities    
Derivatives, Fair Value [Line Items]    
Assets [3] 0.0 0.0
Liabilities [3] $ (6.4) $ (6.7)
Derivatives designated as hedging instruments: | OTC commodity swaps    
Footnote [Abstract]    
Derivative open contract | bbl 9,093,000 16,461,000
Derivatives designated as hedging instruments: | OTC commodity swaps | Other current assets    
Derivatives, Fair Value [Line Items]    
Assets [2] $ 76.4 $ 200.3
Liabilities [2] (27.2) (157.0)
Derivatives designated as hedging instruments: | OTC commodity swaps | Other current liabilities    
Derivatives, Fair Value [Line Items]    
Assets [2] 0.5 0.0
Liabilities [2] (0.3) 0.0
Derivatives designated as hedging instruments: | OTC commodity swaps | Other long-term assets    
Derivatives, Fair Value [Line Items]    
Assets [2] 2.5 6.1
Liabilities [2] $ (1.8) $ (4.8)
Alon Retail Credit Facilities | Term loan    
Derivatives, Fair Value [Line Items]    
Percent of outstanding principal, coverage by derivative 77.00%  
[1] As of March 31, 2019 and December 31, 2018, $21.4 million and $0.4 million, respectively, of cash obligation held by counterparties has been netted with the derivatives with each counterparty.
[2] As of March 31, 2019 and December 31, 2018, we had open derivative positions representing 67,840,734 and 39,277,822 barrels, respectively, of crude oil and refined petroleum products. Of these open positions, contracts representing 9,093,000 and 16,461,000 barrels were designated as cash flow hedging instruments as of March 31, 2019 and December 31, 2018, respectively.
[3] As of March 31, 2019 and December 31, 2018, we had open RIN commitment contracts representing 256,025,000 and 137,750,000 RINs, respectively.