Revenue (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

The following tables provide details of our revenue disaggregated by key activities that comprise our performance obligations by operating segment (in millions):


	Year Ended December 31, 2020
	Refined Products		Crude Oil		Intersegment Eliminations		Total
Transportation	$	742.9	$	305.4	$	—	$	1,048.3
Terminalling	109.6		21.5		—		131.1
Storage	199.3		129.0		(6.6)		321.7
Ancillary services	114.9		26.9		—		141.8
Lease revenue	23.7		76.7		—		100.4
Transportation and terminals revenue	1,190.4		559.5		(6.6)		1,743.3
Product sales revenue	524.4		33.1		—		557.5
Affiliate management fee revenue	6.3		14.9		—		21.2
Total revenue	1,721.1		607.5		(6.6)		2,322.0
Revenue not under the guidance of ASC 606, Revenue from Contracts with Customers:
Lease revenue	(23.7)		(76.7)		—		(100.4)
(Gains) losses from futures contracts included in product sales revenue	(56.8)		3.6		—		(53.2)
Affiliate management fee revenue	(6.3)		(14.9)		—		(21.2)
Total revenue from contracts with customers under ASC 606	$	1,634.3	$	519.5	$	(6.6)	$	2,147.2


	Year Ended December 31, 2021
	Refined Products		Crude Oil		Intersegment Eliminations		Total
Transportation	$	915.7	$	228.8	$	—	$	1,144.5
Terminalling	100.1		17.0		—		117.1
Storage	177.1		114.8		(5.8)		286.1
Ancillary services	125.2		29.9		—		155.1
Lease revenue	20.4		75.7		—		96.1
Transportation and terminals revenue	1,338.5		466.2		(5.8)		1,798.9
Product sales revenue	763.9		149.1		—		913.0
Affiliate management fee revenue	6.4		14.8		—		21.2
Total revenue	2,108.8		630.1		(5.8)		2,733.1
Revenue not under the guidance of ASC 606, Revenue from Contracts with Customers:
Lease revenue	(20.4)		(75.7)		—		(96.1)
(Gains) losses from futures contracts included in product sales revenue	(127.2)		(16.0)		—		(143.2)
Affiliate management fee revenue	(6.4)		(14.8)		—		(21.2)
Total revenue from contracts with customers under ASC 606	$	1,954.8	$	523.6	$	(5.8)	$	2,472.6


	Year Ended December 31, 2022
	Refined Products		Crude Oil		Intersegment Eliminations		Total
Transportation	$	1,000.2	$	226.8	$	—	$	1,227.0
Terminalling	111.2		49.6		—		160.8
Storage	151.1		101.8		(6.1)		246.8
Ancillary services	115.6		18.3		—		133.9
Lease revenue	30.1		77.2		—		107.3
Transportation and terminals revenue	1,408.2		473.7		(6.1)		1,875.8
Product sales revenue	1,173.1		129.3		—		1,302.4
Affiliate management fee revenue	6.6		15.6		—		22.2
Total revenue	2,587.9		618.6		(6.1)		3,200.4
Revenue not under the guidance of ASC 606, Revenue from Contracts with Customers:
Lease revenue	(30.1)		(77.2)		—		(107.3)
(Gains) losses from futures contracts included in product sales revenue	(148.4)		(6.8)		—		(155.2)
Affiliate management fee revenue	(6.6)		(15.6)		—		(22.2)
Total revenue from contracts with customers under ASC 606	$	2,402.8	$	519.0	$	(6.1)	$	2,915.7

Contract Assets and Liabilities

The following table summarizes our accounts receivable, contract assets and contract liabilities resulting from contracts with customers (in millions):


	December 31, 2021		December 31, 2022
Accounts receivable from contracts with customers	$	134.8	$	217.0
Contract assets	$	12.5	$	10.1
Contract liabilities	$	100.1	$	112.7

Remaining Performance Obligation

The following table provides the aggregate amount of the transaction price allocated to our UPOs as of December 31, 2022 by operating segment, including the range of years remaining on our contracts with customers and an estimate of revenues expected to be recognized over the next 12 months (dollars in millions):


	Refined Products		Crude Oil		Total
Amounts as of December 31, 2022	$	2,089.5	$	915.3	$	3,004.8
Remaining terms	1 - 16 years		1 - 9 years
Estimated revenues from UPOs to be recognized in the next 12 months	$	356.3	$	237.7	$	594.0