The offsetting assets and liabilities for the Refining Partnership’s derivatives as of September 30, 2014 are recorded as current assets and non-current assets in prepaid expenses and other current assets and other long-term assets, respectively, in the Condensed Consolidated Balance Sheets as follows:
| | | | | | | | | | | | | | | | | | | | | | As of September 30, 2014 | Description | Gross Current Assets | | Gross Amounts Offset | | Net Current Assets Presented | | Cash Collateral Not Offset | | Net Amount | | (in millions) | Commodity Swaps | $ | 53.2 |
| | $ | — |
| | $ | 53.2 |
| | $ | — |
| | $ | 53.2 |
| Total | $ | 53.2 |
| | $ | — |
| | $ | 53.2 |
| | $ | — |
| | $ | 53.2 |
|
| | | | | | | | | | | | | | | | | | | | | | As of September 30, 2014 | Description | Gross Non-Current Assets | | Gross Amounts Offset | | Net Non-Current Assets Presented |
| Cash Collateral Not Offset | | Net Amount | | (in millions) | Commodity Swaps | $ | 8.6 |
| | $ | — |
| | $ | 8.6 |
| | $ | — |
| | $ | 8.6 |
| Total | $ | 8.6 |
| | $ | — |
| | $ | 8.6 |
| | $ | — |
| | $ | 8.6 |
|
The offsetting assets and liabilities for the Refining Partnership’s derivatives as of December 31, 2013 are recorded as current assets, non-current assets, current liabilities and non-current liabilities in prepaid expenses and other current assets, other long-term assets, other current liabilities and other long-term liabilities, respectively, in the Condensed Consolidated Balance Sheets as follows: | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2013 | Description | Gross Current Assets | | Gross Amounts Offset | | Net Current Assets Presented | | Cash Collateral Not Offset | | Net Amount | | (in millions) | Commodity Swaps | $ | 4.3 |
| | $ | (3.4 | ) | | $ | 0.9 |
| | $ | — |
| | $ | 0.9 |
| Total | $ | 4.3 |
| | $ | (3.4 | ) | | $ | 0.9 |
| | $ | — |
| | $ | 0.9 |
|
| | | | | | | | | | | | | | | | | | | | | | As of December 31, 2013 | Description | Gross Non-Current Assets | | Gross Amounts Offset | | Net Non-Current Assets Presented | | Cash Collateral Not Offset | | Net Amount | | (in millions) | Commodity Swaps | $ | 0.1 |
| | $ | — |
| | $ | 0.1 |
| | $ | — |
| | $ | 0.1 |
| Total | $ | 0.1 |
| | $ | — |
| | $ | 0.1 |
| | $ | — |
| | $ | 0.1 |
|
|