Inventories (Tables)

6 Months Ended

Jun. 30, 2024

CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.

Schedule of inventories

Inventories consist of the following (in millions):

	June 30, 2024						December 31, 2023
			Supply and						Supply and
	Titled		Offtake				Titled		Offtake
	Inventory		Agreements (1)		Total		Inventory		Agreements (1)		Total
Raw materials	$	40.4	$	43.6	$	84.0	$	61.6	$	27.6	$	89.2
Work in process		64.1		27.0		91.1		72.3		36.7		109.0
Finished goods		150.7		69.0		219.7		162.1		79.1		241.2
	$	255.2	$	139.6	$	394.8	$	296.0	$	143.4	$	439.4

(1) Amounts represent LIFO value and do not necessarily represent the value at which the inventory was sold. Please read Note 7 — “Inventory Financing Agreements” for further information.