XML 52 R32.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Disclosures (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting Information by Segment
 Year Ended December 31, 2020
(in millions)
 Refined ProductsCrude OilIntersegment
Eliminations
Total
Transportation and terminals revenue$1,190.4 $559.5 $(6.6)$1,743.3 
Product sales revenue524.4 33.1 — 557.5 
Affiliate management fee revenue6.3 14.9 — 21.2 
Total revenue1,721.1 607.5 (6.6)2,322.0 
Operating expense411.8 189.2 (13.2)587.8 
Cost of product sales425.8 42.4 — 468.2 
Other operating (income) expense(3.2)3.1 — (0.1)
Earnings of non-controlled entities(32.5)(120.8)— (153.3)
Operating margin919.2 493.6 6.6 1,419.4 
Depreciation, amortization and impairment expense
159.9 76.6 6.6 243.1 
G&A expense123.5 47.7 — 171.2 
Operating profit$635.8 $369.3 $— $1,005.1 
Additions to long-lived assets$277.5 $56.4 $333.9 
As of December 31, 2020
(in millions)
Segment assets$4,977.0 $2,836.9 $7,813.9 
Assets held for sale292.7 
Corporate assets90.4 
Total assets$8,197.0 
Goodwill$38.0 $12.1 $50.1 
Investments in non-controlled entities$429.2 $784.7 $1,213.9 
 Year Ended December 31, 2021
(in millions)
 Refined ProductsCrude OilIntersegment
Eliminations
Total
Transportation and terminals revenue$1,338.5 $466.2 $(5.8)$1,798.9 
Product sales revenue763.9 149.1 — 913.0 
Affiliate management fee revenue6.4 14.8 — 21.2 
Total revenue2,108.8 630.1 (5.8)2,733.1 
Operating expense416.7 165.4 (12.4)569.7 
Cost of product sales630.1 149.9 — 780.0 
Other operating (income) expense(6.9)4.1 — (2.8)
Earnings of non-controlled entities(34.4)(120.0)— (154.4)
Operating margin1,103.3 430.7 6.6 1,540.6 
Depreciation, amortization and impairment expense
153.9 67.4 6.6 227.9 
G&A expense147.8 58.5 — 206.3 
Operating profit$801.6 $304.8 $— $1,106.4 
Additions to long-lived assets$88.9 $41.1 $130.0 
As of December 31, 2021
(in millions)
Segment assets$4,880.0 $2,780.7 $7,660.7 
Assets held for sale299.5 
Corporate assets69.8 
Total assets$8,030.0 
Goodwill$38.0 $12.1 $50.1 
Investments in non-controlled entities$232.8 $748.0 $980.8 
 Year Ended December 31, 2022
(in millions)
 Refined ProductsCrude OilIntersegment
Eliminations
Total
Transportation and terminals revenue$1,408.2 $473.7 $(6.1)$1,875.8 
Product sales revenue1,173.1 129.3 — 1,302.4 
Affiliate management fee revenue6.6 15.6 — 22.2 
Total revenue2,587.9 618.6 (6.1)3,200.4 
Operating expense431.5 173.6 (13.0)592.1 
Cost of product sales1,020.2 99.2 — 1,119.4 
Other operating (income) expense(7.9)2.6 — (5.3)
Earnings of non-controlled entities(23.7)(123.7)— (147.4)
Operating margin1,167.8 466.9 6.9 1,641.6 
Depreciation, amortization and impairment expense
159.2 126.7 6.9 292.8 
G&A expense172.6 68.1 — 240.7 
Operating profit$836.0 $272.1 $— $1,108.1 
Additions to long-lived assets$115.8 $32.0 $147.8 
As of December 31, 2022
(in millions)
Segment assets$4,880.3 $2,745.7 $7,626.0 
Corporate assets81.7 
Total assets$7,707.7 
Goodwill$38.3 $12.1 $50.4 
Investments in non-controlled entities$225.1 $668.9 $894.0