Discontinued Operations

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

Summarized Results of Discontinued Operations

The following table provides the summarized results that have been presented as discontinued operations in the consolidated statements of income for the years ended December 31, 2020, 2021 and 2022 (in millions):

	Year Ended December 31,
	2020		2021		2022
Transportation and terminals revenue	$	51.4	$	53.3	$	21.1
Product sales revenue	54.2		83.7		30.0
Total revenue	105.6		137.0		51.1
Costs and expenses:
Operating	13.4		11.2		8.0
Cost of product sales	45.5		66.5		28.8
Depreciation, amortization and impairment	15.6		7.1		—
General and administrative	2.2		2.5		1.1
Total costs and expenses	76.7		87.3		37.9
Gain on disposition of assets	—		—		(164.0)
Income from discontinued operations	$	28.9	$	49.7	$	177.2

Summarized Assets and Liabilities of Discontinued Operations

The following table provides the summarized assets and liabilities classified as held for sale in the consolidated balance sheets as of December 31, 2021 (in millions). Subsequent to the sale of the independent terminals network on June 8, 2022, no assets or liabilities were classified as held for sale in relation to discontinued operations.

	December 31, 2021
Assets:
Trade accounts receivable	$	6.3
Inventories	17.0
Net property, plant and equipment	272.0
Goodwill	2.7
Other assets	1.5
Total assets classified as held for sale	$	299.5
Liabilities:
Accounts payable	$	3.7
Accrued product liabilities	8.4
Other liabilities	3.7
Total liabilities classified as held for sale	$	15.8