Crude Oil Supply and Inventory Purchase Agreement (Tables)

9 Months Ended

Sep. 30, 2022

Other Liabilities Disclosure [Abstract]

Barrels Subject To Agreement

Barrels subject to the Supply and Offtake Agreements are as follows (in millions):

	El Dorado	Big Spring	Krotz Springs
Baseline Volumes pursuant to the respective Supply and Offtake Agreements	2.0	0.8	1.3
Barrels of inventory consigned under the respective Supply and Offtake Agreements as of September 30, 2022 (1)	3.2	1.5	1.1
Barrels of inventory consigned under the respective Supply and Offtake Agreements as of December 31, 2021 (1)	3.5	1.3	1.2

(1) Includes Baseline Volumes plus/minus over/short quantities.

Disclosure Of Product Financing Arrangements, Payables And Receivables

Net balances payable (receivable) under the Supply and Offtake Agreements were as follows as of the balance sheet dates (in millions):

	El Dorado		Big Spring		Krotz Springs		Total
Balances as of September 30, 2022:
Baseline Step-Out Liability	$	200.1	$	86.1	$	126.8	$	413.0
Revolving over/short inventory financing liability (receivable)	120.8		77.4		(15.0)		183.2
Total Obligations Under Supply and Offtake Agreements - Current portion	$	320.9	$	163.5	$	111.8	$	596.2
Other (receivable) payable for monthly activity true-up	$	23.7	$	23.5	$	24.0	$	71.2

	El Dorado		Big Spring		Krotz Springs		Total
Balances as of December 31, 2021:
Baseline Step-Out Liability	$	159.6	$	68.4	$	102.4	$	330.4
Revolving over/short inventory financing liability (receivable)	120.9		41.1		(4.9)		157.1
Total Obligations Under Supply and Offtake Agreements - Current portion	$	280.5	$	109.5	$	97.5	$	487.5
Other (receivable) payable for monthly activity true-up	$	(2.7)	$	1.0	$	7.0	$	5.3

Schedule Of Recurring Cash Fees And Interest Expense

The Supply and Offtake Agreements require payments of fixed annual fees which are factored into the interest rate yield under the fair value accounting model and recorded in interest expense. Recurring cash fees paid during the periods presented were as follows (in millions):

	El Dorado		Big Spring		Krotz Springs		Total
Recurring cash fees paid during the three months ended September 30, 2022	$	3.6	$	1.3	$	1.0	$	5.9
Recurring cash fees paid during the three months ended September 30, 2021	$	2.5	$	0.9	$	1.0	$	4.4
Recurring cash fees paid during the nine months ended September 30, 2022	$	9.5	$	3.3	$	3.3	$	16.1
Recurring cash fees paid during the nine months ended September 30, 2021	$	7.7	$	2.4	$	3.2	$	13.3

Disclosure of Letters of Credit

We maintained letters of credit under the Supply and Offtake Agreements as follows (in millions):

	El Dorado
Letters of credit outstanding as of September 30, 2022	$	145.0
Letters of credit outstanding as of December 31, 2021	$	195.0