Segment Data (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Business Segment Operating Performance

The following is a summary of business segment operating performance as measured by contribution margin for the period indicated (in millions):

	Three Months Ended March 31, 2022
	Refining		Logistics		Retail		Corporate, Other and Eliminations		Consolidated
Net revenues (excluding inter-segment fees and revenues)	$	3,267.9	$	82.8	$	209.5	$	898.9	$	4,459.1
Inter-segment fees and revenues	225.8		123.8		—		(349.6)		—
Operating costs and expenses:
Cost of materials and other	3,276.9		126.2		173.0		576.4		4,152.5
Operating expenses (excluding depreciation and amortization presented below)	119.9		18.1		22.7		6.2		166.9
Segment contribution margin	$	96.9	$	62.3	$	13.8	$	(33.3)	139.7
Income from equity method investments	0.2		7.0		—		3.7
Segment contribution margin and income (loss) from equity method investments	$	97.1	$	69.3	$	13.8	$	(29.6)
Depreciation and amortization	$	52.8	$	10.4	$	3.5	$	1.6	68.3
General and administrative expenses									53.1
Other operating income, net									(28.4)
Operating income									$	46.7
Capital spending (excluding business combinations)	$	14.3	$	9.1	$	3.0	$	6.5	$	32.9

	Three Months Ended March 31, 2021
	Refining (1)		Logistics		Retail		Corporate, Other and Eliminations		Consolidated (1)
Net revenues (excluding inter-segment fees and revenues)	$	1,584.5	$	56.7	$	174.8	$	576.2	$	2,392.2
Inter-segment fees and revenues	155.6		96.2		—		(251.8)		—
Operating costs and expenses:
Cost of materials and other	1,615.0		81.1		136.5		340.2		2,172.8
Operating expenses (excluding depreciation and amortization presented below)	114.7		14.9		21.6		4.1		155.3
Segment contribution margin	$	10.4	$	56.9	$	16.7	$	(19.9)	64.1
Income from equity method investments	0.2		4.0		—		0.6
Segment contribution margin and income (loss) from equity method investments	$	10.6	$	60.9	$	16.7	$	(19.3)
Depreciation and amortization	$	52.1	$	10.7	$	3.2	$	2.5	68.5
General and administrative expenses									41.1
Other operating expense, net									1.9
Operating loss									$	(47.4)
Capital spending (excluding business combinations)	$	57.8	$	7.8	$	0.8	$	0.6	$	67.0

(1) Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. See Note 6 for further discussion.

Reconciliation of Assets from Segment to Consolidated

Total assets by segment were as follows as of March 31, 2022 (in millions):

	Refining		Logistics		Retail		Corporate, Other and Eliminations		Consolidated
Total assets	$	7,842.9	$	935.3	$	255.4	$	(1,086.9)	$	7,946.7
Less:
Inter-segment notes receivable	(1,026.8)		—		—		1,026.8		—
Inter-segment right of use lease assets	(245.2)		—		—		245.2		—
Total assets, excluding inter-segment notes receivable and right of use assets	$	6,570.9	$	935.3	$	255.4	$	185.1	$	7,946.7

Property, Plant and Equipment

Property, plant and equipment and accumulated depreciation as of March 31, 2022 and depreciation expense by reporting segment for the three months ended March 31, 2022 are as follows (in millions):

	Refining		Logistics		Retail		Corporate, Other and Eliminations		Consolidated
Property, plant and equipment	$	2,677.7	$	724.9	$	170.0	$	102.4	$	3,675.0
Less: Accumulated depreciation	(995.0)		(276.6)		(62.0)		(67.4)		(1,401.0)
Property, plant and equipment, net	$	1,682.7	$	448.3	$	108.0	$	35.0	$	2,274.0
Depreciation expense for the three months ended March 31, 2022	$	51.1	$	10.4	$	3.3	$	1.6	$	66.4