Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of the Fair Value of Assets and Liabilities

The fair value hierarchy for our financial assets and liabilities accounted for at fair value on a recurring basis was as follows (in millions):

	March 31, 2022
	Level 1		Level 2		Level 3		Total
Assets
Commodity derivatives	$	—	$	429.5	$	—	$	429.5
Commodity investments	19.7		—		—		19.7
RINs commitment contracts	—		2.7		—		2.7
Total assets	19.7		432.2		—		451.9
Liabilities
Commodity derivatives	—		(502.9)		—		(502.9)
RINs commitment contracts	—		(7.0)		—		(7.0)
Environmental credits obligation deficit	—		(177.5)		—		(177.5)
J. Aron supply and offtake obligations	—		(589.3)		—		(589.3)
Total liabilities	—		(1,276.7)		—		(1,276.7)
Net liabilities	$	19.7	$	(844.5)	$	—	$	(824.8)

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets
Commodity derivatives	$	—	$	129.1	$	—	$	129.1
RINs commitment contracts	—		1.6		—		1.6
Total assets	—		130.7		—		130.7
Liabilities
Commodity derivatives	—		(108.4)		—		(108.4)
RINs commitment contracts	—		(0.7)		—		(0.7)
Environmental credits obligation deficit	—		(172.2)		—		(172.2)
J. Aron supply and offtake obligations	—		(487.5)		—		(487.5)
Total liabilities	—		(768.8)		—		(768.8)
Net liabilities	$	—	$	(638.1)	$	—	$	(638.1)