7Baggers

Delek US Holdings, Inc
(NYSE:DK) 

DK stock logo

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates in three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other purchased feedstock for the manufacture of various grades of gasoline, diesel...

Founded: 2001
Full Time Employees: 3,600
Sector: Energy
Industry: Oil & Gas Refining & Marketing
Energy
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 
                                        
      net revenues
    		2,653,100,000 2,429,400,000 2,887,000,000 2,764,600,000 2,641,900,000 2,373,700,000 3,042,400,000 3,421,700,000 3,227,600,000 4,049,100,000 4,748,400,000 4,195,600,000 3,924,300,000 4,479,200,000 5,324,900,000 5,982,600,000 4,459,100,000 3,108,000,000 2,956,500,000 2,191,500,000 2,392,200,000 1,882,200,000 2,062,900,000 1,535,500,000 1,821,200,000 2,283,700,000 2,334,300,000 2,480,300,000 2,199,900,000 2,821,200,000 2,495,200,000 2,563,500,000 2,353,200,000    
      yoy
    		0.42% 2.35% -5.11% -19.20% -18.15% -41.38% -35.93% -18.45% -17.75% -9.60% -10.83% -29.87% -11.99% 44.12% 80.11% 172.99% 86.40% 65.13% 43.32% 42.72% 31.35% -17.58% -11.63% -38.09% -17.21% -19.05% -6.45% -3.25% -6.51%        
      qoq
    		9.21% -15.85% 4.43% 4.64% 11.30% -21.98% -11.09% 6.01% -20.29% -14.73% 13.18% 6.91% -12.39% -15.88% -10.99% 34.17% 43.47% 5.12% 34.91% -8.39% 27.10% -8.76% 34.35% -15.69% -20.25% -2.17% -5.89% 12.75% -22.02% 13.07% -2.66% 8.94%     
      cost of sales:
    		                                    
      cost of materials and other
    		2,465,800,000 1,893,400,000 2,165,700,000 2,415,000,000 2,399,500,000 2,234,700,000 2,788,700,000 3,099,400,000 2,797,300,000 3,783,700,000 4,122,100,000 3,766,600,000 3,439,600,000 4,204,500,000 4,916,000,000 5,082,600,000 4,152,500,000 2,868,200,000 2,670,100,000 1,995,800,000 2,205,500,000 1,776,900,000 1,875,900,000 1,277,800,000 1,910,600,000 1,926,000,000 1,964,100,000 2,067,700,000 1,699,400,000 2,370,400,000 1,970,500,000      
      operating expenses
    		219,900,000 214,200,000 227,800,000 209,800,000 211,100,000 183,500,000 181,400,000 185,100,000 213,800,000 193,400,000 217,700,000 188,700,000 170,800,000 175,600,000 198,200,000 188,500,000 139,500,000 138,900,000 100,700,000 129,600,000 128,000,000 113,700,000 115,700,000 103,400,000 129,200,000 161,800,000 141,700,000 135,800,000 140,900,000 137,800,000 136,400,000 157,500,000 158,100,000 152,500,000 153,200,000 62,100,000 
      depreciation and amortization
    		97,600,000 95,900,000 95,800,000 87,600,000 95,000,000 90,100,000 92,500,000 80,700,000 86,400,000 79,700,000 83,700,000 82,600,000 76,800,000 71,800,000 66,500,000 62,800,000 62,700,000 61,200,000 55,600,000 60,500,000 62,300,000 81,600,000 59,400,000 53,600,000 47,000,000 45,000,000 43,800,000 42,600,000 39,300,000 42,000,000 41,200,000 49,200,000 48,000,000 47,900,000 46,900,000 29,500,000 
      total cost of sales
    		2,783,300,000 2,203,500,000 2,489,300,000 2,712,400,000 2,705,600,000 2,508,300,000 3,062,600,000 3,365,200,000 3,097,500,000 4,056,800,000 4,423,500,000 4,037,900,000 3,687,200,000 4,451,900,000 5,180,700,000 5,333,900,000 4,354,700,000 3,068,300,000 2,826,400,000 2,185,900,000 2,395,800,000 1,972,200,000 2,051,000,000 1,434,800,000 2,086,800,000 2,132,800,000 2,149,600,000 2,246,100,000 1,879,600,000 2,550,200,000 2,148,100,000      
      operating expenses related to wholesale business
    		1,600,000 2,000,000 3,500,000 2,200,000 1,300,000 -2,300,000 3,700,000                              
      general and administrative expenses
    		44,000,000 54,600,000 76,800,000 76,600,000 61,500,000 61,200,000 70,400,000 63,100,000 64,400,000 67,100,000 72,000,000 75,800,000 71,500,000 106,800,000 62,400,000 126,500,000 53,100,000 65,000,000 58,700,000 58,600,000 47,100,000 63,900,000 57,000,000 61,700,000 65,700,000 77,400,000 65,600,000 69,500,000 62,200,000 71,500,000 58,000,000 52,900,000 65,200,000 54,000,000 61,800,000 27,500,000 
      other operating expense
    		-2,200,000   400,000  -16,900,000 12,800,000          -28,400,000 -1,175,000 -1,700,000      -700,000 -1,800,000 500,000  2,400,000 -2,350,000 -1,700,000 -8,000,000   700,000 300,000 
      total operating costs and expenses
    		2,832,400,000 2,264,800,000 2,591,300,000 2,798,100,000 2,767,700,000 2,777,100,000 3,164,300,000 3,408,200,000 3,194,900,000 4,186,800,000 4,523,700,000 4,145,500,000 3,781,500,000 4,582,700,000 5,271,900,000 5,489,300,000 4,412,400,000 3,118,700,000 2,910,700,000 2,276,900,000 2,472,300,000 2,196,300,000 2,138,100,000 1,512,700,000 2,182,700,000 2,235,500,000 2,246,900,000 2,346,000,000 1,977,500,000 2,638,400,000 2,240,000,000 2,428,400,000 2,314,400,000 2,400,400,000 2,250,700,000 1,277,200,000 
      operating income
    		-179,300,000 164,600,000 295,700,000 -33,500,000 -125,800,000 -403,400,000 -121,900,000 13,500,000 32,700,000 -137,700,000 224,700,000 50,100,000 142,800,000 -103,500,000 53,000,000 493,300,000 46,700,000 -10,700,000 45,800,000 -85,400,000 -80,100,000 -314,100,000 -75,200,000 22,800,000 -361,500,000 48,200,000 87,400,000 134,300,000 222,400,000 182,800,000 255,200,000 135,100,000 38,800,000 112,400,000 90,800,000 -46,500,000 
      yoy
    		42.53% -140.80% -342.58% -348.15% -484.71% 192.96% -154.25% -73.05% -77.10% 33.04% 323.96% -89.84% 205.78% 867.29% 15.72% -677.63% -158.30% -96.59% -160.90% -474.56% -77.84% -751.66% -186.04% -83.02% -262.54% -73.63% -65.75% -0.59% 473.20% 62.63% 181.06% -390.54%     
      qoq
    		-208.93% -44.34% -982.69% -73.37% -68.82% 230.93% -1002.96% -58.72% -123.75% -161.28% 348.50% -64.92% -237.97% -295.28% -89.26% 956.32% -536.45% -123.36% -153.63% 6.62% -74.50% 317.69% -429.82% -106.31% -850.00% -44.85% -34.92% -39.61% 21.66% -28.37% 88.90% 248.20% -65.48% 23.79% -295.27%  
      operating margin %
    		-6.76% 6.78% 10.24% -1.21% -4.76% -16.99% -4.01% 0.39% 1.01% -3.40% 4.73% 1.19% 3.64% -2.31% 1.00% 8.25% 1.05% -0.34% 1.55% -3.90% -3.35% -16.69% -3.65% 1.48% -19.85% 2.11% 3.74% 5.41% 10.11% 6.48% 10.23% 5.27% 1.65% Infinity% Infinity% -Infinity% 
      interest expense
    		84,500,000 82,200,000 93,100,000 85,900,000 84,100,000 68,900,000 78,800,000 77,700,000 87,700,000 79,000,000 82,300,000 80,400,000 76,500,000 62,600,000 50,700,000 43,600,000 38,400,000 36,700,000 37,700,000 33,200,000 29,600,000 31,000,000 31,900,000 29,800,000 36,300,000 35,700,000 33,900,000 32,800,000 28,700,000 30,700,000 31,200,000 31,500,000 32,500,000 31,300,000 34,100,000 14,900,000 
      income from equity method investments
    		-14,600,000 -22,800,000 -31,200,000 -22,200,000 -13,300,000 -14,800,000 -25,100,000 -30,400,000 -21,900,000 -19,100,000 -27,000,000 -25,500,000 -14,600,000 -13,300,000 -17,800,000 -15,700,000 -10,900,000 -3,800,000 -2,900,000 -6,800,000 -4,800,000 -1,700,000 -12,800,000 -10,700,000 -5,100,000 -5,900,000 -16,500,000 -9,300,000 -2,600,000 -1,725,000 -4,000,000 -2,900,000     
      other expense
    		-300,000 2,900,000 -1,200,000 6,200,000  -275,000 -500,000   -1,200,000 1,800,000 500,000    -3,600,000 1,300,000   6,800,000  -100,000 -1,000,000 -1,500,000  800,000 -200,000   -1,975,000 -7,500,000 300,000  225,000 800,000 100,000 
      total non-operating expense
    		69,600,000 62,300,000 60,700,000 69,900,000 69,200,000 48,900,000 53,200,000 47,300,000 65,100,000 60,800,000 57,100,000 55,400,000 54,800,000 49,800,000 32,200,000 24,300,000 28,800,000 33,100,000 12,800,000 33,100,000 23,600,000 29,000,000 17,300,000 -39,800,000             
      income from continuing operations before income tax expense
    		-248,900,000 102,300,000 235,000,000   -452,300,000 -175,100,000                   19,900,000 73,400,000 109,200,000  82,075,000 236,800,000 120,300,000 -28,800,000 53,275,000 252,000,000  
      income tax expense
    		-58,200,000 10,400,000 39,900,000 -200,000 -100,000 -51,200,000 -40,300,000 -7,700,000 -7,200,000 -38,400,000 31,500,000 -3,800,000 15,800,000 -43,600,000 4,000,000 100,400,000 3,100,000 -10,200,000 6,100,000   -58,100,000 -15,600,000 -35,900,000 -83,100,000 -12,100,000 13,400,000 24,600,000  16,700,000 51,000,000 32,800,000 -17,000,000 -114,200,000 133,500,000  
      income from continuing operations, net of tax
    		-190,700,000 98,100,000 195,100,000   -401,100,000 -134,800,000               -285,000,000 -76,900,000 98,500,000  32,000,000 60,000,000 84,600,000 154,400,000 122,100,000 185,800,000 87,500,000     
      discontinued operations:
    		                                    
      income from discontinued operations
    		-300,000 -0.02  -1,000,000 -400,000 -0.01 1.05                   0.08  -0.01   0.01   -2,200,000 -6,400,000  
      income from discontinued operations, net of tax
    		-200,000 -1,000,000 -300,000 -800,000 -300,000 -1,000,000 67,300,000                   6,000,000  -800,000  -200,000 500,000   -1,800,000 -4,100,000  
      net income
    		-190,900,000 97,100,000 194,800,000 -90,100,000 -158,500,000 -402,100,000 -67,500,000 -26,100,000 -25,200,000 -160,100,000 136,100,000 -1,500,000 72,200,000 -109,700,000 16,800,000 368,600,000 14,800,000 -33,600,000 26,900,000 -72,500,000 -91,300,000 -285,000,000 -76,900,000 98,500,000 -307,000,000 38,000,000 60,000,000 83,800,000 154,400,000 121,900,000 186,300,000 86,700,000 -20,000,000 225,100,000 114,400,000 -32,200,000 
      yoy
    		20.44% -124.15% -388.59% 245.21% 528.97% 151.16% -149.60% 1640.00% -134.90% 45.94% 710.12% -100.41% 387.84% 226.49% -37.55% -608.41% -116.21% -88.21% -134.98% -173.60% -70.26% -850.00% -228.17% 17.54% -298.83% -68.83% -67.79% -3.34% -872.00% -45.85% 62.85% -369.25%     
      qoq
    		-296.60% -50.15% -316.20% -43.15% -60.58% 495.70% 158.62% 3.57% -84.26% -217.63% -9173.33% -102.08% -165.82% -752.98% -95.44% 2390.54% -144.05% -224.91% -137.10% -20.59% -67.96% 270.61% -178.07% -132.08% -907.89% -36.67% -28.40% -45.73% 26.66% -34.57% 114.88% -533.50% -108.88% 96.77% -455.28%  
      net income margin %
    		-7.20% 4.00% 6.75% -3.26% -6.00% -16.94% -2.22% -0.76% -0.78% -3.95% 2.87% -0.04% 1.84% -2.45% 0.32% 6.16% 0.33% -1.08% 0.91% -3.31% -3.82% -15.14% -3.73% 6.41% -16.86% 1.66% 2.57% 3.38% 7.02% 4.32% 7.47% 3.38% -0.85% Infinity% Infinity% -Infinity% 
      net income attributed to non-controlling interests
    		10,400,000 18,800,000 16,800,000 16,300,000 14,200,000   11,100,000 7,400,000 4,800,000 7,400,000 6,800,000 7,900,000 9,000,000 9,400,000 6,800,000 8,200,000 8,300,000 8,800,000 8,600,000 7,300,000 8,200,000 11,200,000 10,800,000 7,400,000 5,300,000 8,700,000 6,500,000 5,100,000 5,800,000 6,500,000 7,600,000 14,900,000    
      net income attributable to delek
    		-201,300,000 78,300,000 178,000,000   -413,800,000 -76,800,000 -37,200,000 -32,600,000 -164,900,000 128,700,000 -8,300,000 64,300,000 -118,700,000 7,400,000 361,800,000 6,600,000 -41,900,000 18,100,000 -81,100,000  -293,200,000 -88,100,000 87,700,000 -314,400,000 32,700,000 51,300,000 77,300,000 149,300,000 116,100,000 179,800,000 79,100,000 -34,900,000 211,100,000 104,400,000  
      basic income per share:
    		                                    
      income from continuing operations
    		-3.34 1.3 2.96   -6.47 -2.25               -3.98 -1.2 1.19  0.39 0.68 1.02 1.92 1.42 2.15 0.95 -11,800,000 226,900,000 118,500,000  
      total basic income per share
    		-3.34 1.28 2.96   -6.48 -1.2                   0.47 0.68 1.01 1.92 1.42 2.16 0.94 -0.43 2.9 1.3  
      diluted income per share:
    		                                    
      total diluted income per share
    		-3.34 1.28 2.93   -6.48 -1.2                   0.46 0.68 1 1.9 1.39 2.03 0.89 -0.43 2.87 1.29  
      weighted-average common shares outstanding:
    		                                    
      basic
    		60,255,377 60,703,554 60,190,054 60,506,943 62,115,776 63,882,219 64,063,609 64,213,899 64,021,988 65,406,089 64,889,504 65,773,609 66,951,975 70,789,458    73,984,104    73,598,389    75,853,187   77,793,278 82,797,110 83,575,122 84,041,358 82,252,405 71,566,225 80,581,762 62,054,485 
      diluted
    		60,255,377 60,703,554 60,944,900 60,506,943 62,115,776 63,882,219 64,063,609 64,213,899 64,021,988 65,975,301 65,464,970 65,773,609 67,369,374 71,516,361    73,984,104    73,598,389    76,574,091   78,446,690 86,768,401 89,021,260 90,244,357 82,252,405 72,303,083 81,245,405 62,054,485 
      asset impairment
    		 1,400,000 16,300,000   212,200,000 9,200,000 22,100,000                             
      other operating expense net
    		 -1,675,000 -100,000                                  
      income from discontinued operations, including gain on sale of discontinued operations
    		 -1,200,000 -400,000   -1,900,000 95,400,000                   7,600,000    -200,000 800,000      
      loss from continuing operations before income tax benefit
    		   -103,400,000 -195,000,000                               -59,200,000 
      income tax benefit
    		   -14,100,000 -36,800,000               -46,000,000 -12,400,000       -200,000 45,800,000   -200,000 -2,300,000   -27,000,000 
      loss from continuing operations, net of tax
    		   -89,300,000 -158,200,000                                
      net loss attributable to delek
    		   -106,400,000 -172,700,000                -98,600,000               -37,900,000 
      basic loss per share:
    		                                    
      loss from continuing operations
    		   -1.75 -2.78                               -32,200,000 
      total basic loss per share
    		   -1.76 -2.78                               -0.61 
      diluted loss per share:
    		                                    
      total diluted loss per share
    		   -1.76 -2.78                               -0.61 
      other operating income
    		    -7,000,000   -79,900,000 -1,600,000 11,800,000 -2,100,000 -6,100,000 -10,800,000 32,000,000 -5,800,000 -10,300,000    -4,900,000    -14,200,000    -3,600,000         
      other income
    		    -1,600,000    -700,000     500,000 -700,000   -4,000,000 -21,800,000  -1,000,000    -900,000   4,900,000 -1,400,000    -700,000    
      net income attributable to:
    		                                    
      non-controlling interests
    		     11,700,000 9,300,000                              
      operating expenses related to retail and wholesale business
    		       26,300,000 25,800,000 25,700,000 22,700,000 31,100,000 27,000,000 17,200,000 28,200,000 34,000,000 27,400,000 23,500,000 22,100,000 31,500,000 21,300,000 24,100,000 24,000,000 24,400,000 25,300,000 24,500,000 25,200,000 26,500,000 25,800,000 27,600,000 27,600,000      
      income before income tax expense
    		       -33,800,000 -32,400,000 -198,500,000 167,600,000 -5,300,000 88,000,000 -153,300,000 20,800,000 469,000,000 17,900,000 -43,800,000 33,000,000   -343,100,000 -92,500,000 62,600,000 -390,100,000            
      basic income per share
    		       -0.58 -0.51 -2.5 1.98 -0.13 0.96 -1.63 0.11 5.11 0.09 -0.548 0.24 -1.1  -1.07 -1.2 1.19 -4.28            
      diluted income per share
    		       -0.58 -0.51 -2.48 1.97 -0.13 0.95 -1.62 0.1 5.05 0.09 -0.548 0.24 -1.1  -1.07 -1.2 1.18 -4.28            
      other loss
    		            -7,100,000                        
      interest income
    		                  -200,000 -100,000 -200,000 -200,000 -900,000 -500,000 -1,700,000 -2,300,000 -3,200,000 -3,300,000 -2,500,000 -2,800,000 -1,400,000 -900,000 -700,000 -1,300,000 -900,000 -800,000 
      loss on sale of non-operating refinery
    		                     -14,200,000 100,000              
      dividends declared per common share outstanding
    		                      0.31 0.31 0.31 0.3 0.29 0.28 0.27 0.26 0.25 0.25 0.2 0.15 0.15 0.15 
      gain on sale on non-operating refinery
    		                                    
      income before income tax benefit
    		                   -118,500,000                 
      other operating loss
    		                    1,900,000 -3,650,000 300,000              
      loss before income tax benefit
    		                    -103,700,000                
      basic loss per share
    		                    -1.34                
      diluted loss per share
    		                    -1.34                
      loss from discontinued operations, including loss on sale of discontinued operations
    		                               -1,000,000 -10,500,000    
      loss from discontinued operations, net of tax
    		                               -800,000 -8,200,000    
      loss from discontinued operations
    		                               -0.01 -0.2    
      gain on sale of non-operating refinery
    		                       -56,900,000             
      loss from discontinued operations, including gain on sale of discontinued operations
    		                                    
      total non-operating expenses
    		                        28,600,000 15,325,000 14,000,000 25,100,000 22,200,000   14,800,000 67,600,000 26,200,000 -161,200,000 12,700,000 
      gain on sale of business
    		                             -100,000  -13,200,000     
      impairment loss on assets held for sale
    		                                27,500,000    
      loss on extinguishment of debt
    		                              100,000  9,000,000    
      income from discontinued operations, including loss on sale of discontinued operations
    		                           -1,000,000         
      income from continuing operations before income tax benefit
    		                            200,200,000        
      (loss) from discontinued operations
    		                                    
      gain on remeasurement of equity method investment
    		                                  -190,100,000  
      total non-operating expenses (income)
    		                             25,600,000 18,400,000      
      operating costs and expenses:
    		                                    
      cost of goods sold
    		                               2,176,800,000 2,042,800,000 2,146,000,000 1,988,100,000 1,157,800,000 
      loss on disposal of assets
    		                                300,000    
      net sales
    		                                 2,512,800,000 2,341,500,000 1,230,700,000 
      insurance proceeds — business interruption
    		                                    
      loss from equity method investments
    		                                 -2,900,000 -5,100,000 -1,500,000 
      loss on impairment of equity method investment
    		                                    
      net income attributed to non-controlling interest
    		                                 4,950,000 10,000,000 5,700,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 
                                          
        assets
      		                                    
        current assets:
      		                                    
        cash and cash equivalents
      		624,100,000 625,800,000 630,900,000 615,500,000 623,800,000 735,600,000 1,037,600,000 657,900,000 753,400,000 822,200,000 901,700,000 821,600,000 865,000,000 841,300,000 1,153,800,000 1,244,600,000 854,100,000 856,500,000 830,600,000 833,000,000 793,500,000 787,500,000 807,900,000 849,000,000 784,900,000 955,300,000 1,006,400,000 951,400,000 989,700,000 1,079,300,000 1,109,100,000 1,132,800,000 1,018,000,000 931,800,000 831,700,000 572,300,000 
        accounts receivable
      		942,700,000 648,700,000 667,200,000 743,400,000 648,800,000 617,600,000 561,600,000 771,400,000 831,700,000 783,700,000 1,166,900,000 1,003,500,000 847,800,000 1,234,400,000 1,035,500,000 1,319,400,000 1,405,000,000 776,600,000 1,008,100,000 826,300,000 720,200,000 527,900,000 518,700,000 480,400,000 436,000,000 792,600,000 834,300,000 847,400,000 780,200,000 514,400,000 736,900,000 785,100,000 640,700,000 579,600,000 495,500,000 284,000,000 
        inventories
      		931,000,000 726,000,000 769,300,000 860,900,000 852,500,000 893,200,000 915,000,000 1,010,400,000 1,037,800,000 981,900,000 1,179,200,000 1,276,400,000 1,314,700,000 1,518,500,000 1,634,200,000 1,805,900,000 1,624,200,000 1,176,100,000 1,093,000,000 1,031,200,000 1,034,600,000 727,700,000 672,000,000 653,500,000 473,100,000 946,700,000 908,600,000 891,600,000 905,800,000 690,900,000 923,900,000 881,500,000 946,000,000 808,400,000 693,500,000 377,400,000 
        other current assets
      		149,900,000 67,500,000 278,400,000 101,800,000 89,800,000 85,500,000 50,600,000 61,200,000 85,200,000 78,200,000 85,600,000 94,600,000 159,400,000 122,700,000 206,000,000 187,500,000 309,100,000 126,000,000 80,300,000 271,000,000 358,200,000 256,400,000 515,900,000 390,000,000 262,100,000 268,700,000 115,100,000 92,700,000 85,000,000 135,700,000 88,400,000 107,700,000 127,700,000 129,900,000 82,400,000 74,000,000 
        total current assets
      		2,647,700,000 2,068,000,000 2,345,800,000 2,321,600,000 2,214,900,000 2,331,900,000 2,564,800,000 2,500,900,000 2,708,100,000 2,666,000,000 3,333,400,000 3,196,100,000 3,186,900,000 3,716,900,000 4,029,500,000 4,557,400,000 4,192,400,000 2,935,200,000 3,012,000,000 2,961,500,000 2,906,500,000 2,299,500,000 2,514,500,000 2,372,900,000 1,956,100,000 2,963,300,000 2,864,400,000 2,787,300,000 2,760,700,000 2,420,300,000 2,861,400,000 2,949,300,000 2,856,500,000 2,611,800,000 2,270,600,000 1,311,700,000 
        property, plant and equipment:
      		                                    
        property, plant and equipment
      		5,811,300,000 5,586,900,000 5,458,800,000 5,399,900,000 5,283,600,000 4,948,400,000 4,790,700,000 4,799,400,000 4,736,400,000 4,690,700,000 4,603,100,000 4,577,200,000 4,528,700,000 4,349,000,000 4,192,400,000 4,107,100,000 3,675,000,000 3,645,400,000 3,598,300,000 3,630,700,000 3,580,700,000 3,519,500,000 3,515,700,000 3,514,900,000 3,539,800,000 3,362,800,000 3,309,900,000 3,201,100,000 3,121,400,000 2,999,600,000 2,897,200,000 2,812,400,000 2,769,100,000 2,772,500,000 2,732,900,000 1,619,100,000 
        less: accumulated depreciation
      		-2,399,900,000 -2,314,400,000 -2,227,700,000 -2,151,000,000 -2,096,500,000 -2,008,400,000 -1,961,700,000 -2,013,600,000 -1,932,100,000 -1,845,500,000 -1,768,300,000 -1,708,000,000 -1,646,700,000 -1,572,600,000 -1,514,300,000 -1,447,100,000 -1,401,000,000 -1,338,100,000 -1,282,000,000 -1,268,100,000 -1,212,900,000 -1,152,300,000 -1,091,800,000 -1,031,500,000 -975,400,000 -934,500,000 -944,700,000 -896,100,000 -849,100,000 -804,700,000 -754,800,000 -708,800,000 -675,600,000 -631,700,000 -585,200,000 -540,500,000 
        operating lease right-of-use assets
      		69,900,000 71,400,000 74,500,000 81,900,000 89,300,000 92,200,000 98,800,000 133,500,000 142,200,000 148,200,000 160,300,000 169,500,000 181,800,000 179,500,000 183,200,000 190,700,000 196,000,000 208,500,000 169,600,000 168,100,000 174,100,000 182,000,000 180,300,000 183,900,000 177,100,000 183,600,000 187,600,000 199,200,000 198,300,000        
        goodwill
      		475,300,000 475,300,000 475,300,000 475,300,000 475,300,000 475,300,000 687,500,000 729,400,000 729,400,000 729,400,000 744,300,000 744,300,000 744,300,000 744,300,000 743,800,000 740,000,000 729,400,000 729,700,000 729,700,000 729,700,000 729,700,000 729,700,000 855,700,000 855,700,000 855,700,000 855,700,000 856,600,000 856,600,000 857,800,000 857,800,000 857,800,000 857,800,000 818,100,000 816,600,000 796,900,000 12,200,000 
        other intangibles
      		404,200,000 405,700,000 409,300,000 415,900,000 402,600,000 321,600,000 328,600,000 284,300,000 291,000,000 296,200,000 300,400,000 305,100,000 310,300,000 315,600,000 320,600,000 325,800,000 103,700,000 102,700,000 104,400,000 105,700,000 106,900,000 107,800,000 109,000,000 110,000,000 111,500,000 110,300,000 92,900,000 93,500,000 94,900,000 104,400,000 105,800,000 106,100,000 108,700,000 101,100,000 91,700,000 27,000,000 
        equity method investments
      		424,400,000 427,700,000 419,600,000 409,300,000 396,800,000 392,900,000 408,700,000 386,900,000 370,300,000 360,700,000 371,200,000 363,700,000 354,200,000 359,700,000 360,600,000 354,600,000 347,800,000 344,100,000 354,400,000 360,800,000 360,200,000 363,600,000 373,100,000 367,300,000 365,200,000 407,300,000 360,200,000 273,600,000 135,000,000 130,300,000 131,300,000 130,500,000 136,400,000 138,100,000 141,400,000 357,300,000 
        other non-current assets
      		137,000,000 127,100,000 125,300,000 115,900,000 116,100,000 111,900,000 112,900,000 122,700,000 135,000,000 126,100,000 124,600,000 121,600,000 127,200,000 100,400,000 81,000,000 96,100,000 103,400,000 100,500,000 80,500,000 100,000,000 98,800,000 84,300,000 68,500,000 64,400,000 63,400,000 67,800,000 66,400,000 58,000,000 52,800,000 52,900,000 60,000,000 64,500,000 71,500,000 126,800,000 120,800,000 89,700,000 
        total assets
      		7,569,900,000 6,847,700,000 7,080,900,000 7,068,800,000 6,882,100,000 6,665,800,000 7,030,300,000 6,943,500,000 7,180,300,000 7,171,800,000 7,869,000,000 7,769,500,000 7,786,700,000 8,192,800,000 8,396,800,000 8,924,600,000 7,946,700,000 6,728,000,000 6,766,900,000 6,788,400,000 6,744,000,000 6,134,100,000 6,525,000,000 6,437,600,000 6,093,400,000 7,016,300,000 6,793,300,000 6,573,200,000 6,371,800,000 5,760,600,000 6,158,700,000 6,211,800,000 6,084,700,000 5,935,200,000 5,569,100,000 2,876,500,000 
        liabilities and stockholders’ equity
      		                                    
        current liabilities:
      		                                    
        accounts payable
      		2,309,700,000 1,633,800,000 1,755,200,000 1,904,900,000 1,833,900,000 1,813,800,000 1,713,600,000 1,861,400,000 1,732,300,000 1,814,300,000 2,006,800,000 1,990,100,000 1,794,100,000 1,745,600,000 2,150,200,000 2,449,600,000 2,548,100,000 1,695,300,000 1,684,600,000 1,654,000,000 1,353,600,000 1,144,000,000 973,100,000 1,004,200,000 1,102,300,000 1,599,700,000 1,364,500,000 1,336,600,000 1,232,800,000 1,009,700,000 1,108,100,000 1,050,600,000 1,005,700,000 973,400,000 800,900,000 470,400,000 
        current portion of long-term debt
      		9,500,000 9,500,000 9,500,000 9,500,000 9,500,000 9,500,000 9,500,000 9,500,000 14,500,000 44,500,000 29,500,000 49,500,000 49,500,000 74,500,000 63,000,000 72,000,000 82,100,000 92,200,000 63,400,000 46,400,000 13,400,000 33,400,000 33,400,000 33,400,000 31,400,000 36,400,000 64,500,000 64,400,000 32,000,000 32,000,000 32,000,000 180,800,000 189,400,000 590,200,000 351,000,000 91,400,000 
        current portion of operating lease liabilities
      		26,300,000 27,200,000 30,200,000 35,400,000 40,200,000 43,200,000 45,600,000 51,000,000 51,500,000 54,700,000 49,900,000 50,200,000 53,400,000 49,600,000 50,100,000 51,400,000 52,200,000 53,900,000 43,300,000 44,800,000 47,500,000 50,200,000 47,800,000 43,400,000 40,600,000 40,500,000 45,100,000 45,700,000 43,300,000        
        accrued expenses and other current liabilities
      		1,149,100,000 858,900,000 920,300,000 956,000,000 708,300,000 649,500,000 694,700,000 642,900,000 808,200,000 771,200,000 916,500,000 824,800,000 915,800,000 1,166,800,000 969,800,000 885,600,000 1,032,300,000 797,800,000 840,000,000 878,800,000 961,800,000 546,400,000 657,100,000 409,300,000 354,700,000 346,800,000 487,600,000 350,800,000 392,600,000 307,700,000 384,600,000 445,000,000 411,700,000 564,900,000 439,700,000 164,800,000 
        total current liabilities
      		3,494,600,000 2,529,400,000 2,715,200,000 2,905,800,000 2,591,900,000 2,516,000,000 2,467,000,000 2,564,800,000 2,606,500,000 2,685,100,000 3,002,700,000 2,914,600,000 2,869,900,000 3,086,400,000 3,829,300,000 4,229,100,000 4,304,000,000 3,126,700,000 2,780,000,000 2,791,300,000 2,501,300,000 1,903,200,000 1,814,200,000 1,589,300,000 1,626,900,000 2,355,900,000 2,226,700,000 2,058,700,000 1,860,900,000 1,663,500,000 2,005,600,000 2,161,400,000 2,138,900,000 2,671,700,000 2,084,200,000 875,800,000 
        non-current liabilities:
      		                                    
        long-term debt
      		3,173,600,000 3,223,600,000 3,167,800,000 3,091,200,000 3,025,800,000 2,755,700,000 2,779,900,000 2,452,200,000 2,482,400,000 2,555,300,000 2,608,500,000 2,761,400,000 2,725,500,000 2,979,200,000 2,670,600,000 2,745,700,000 2,130,700,000 2,125,800,000 2,158,800,000 2,197,900,000 2,354,400,000 2,315,000,000 2,440,600,000 2,421,500,000 2,185,500,000 2,030,700,000 1,935,400,000 1,852,300,000 1,729,100,000 1,751,300,000 1,830,000,000 1,861,700,000 1,770,800,000 875,400,000 1,076,800,000 731,100,000 
        obligation under inventory intermediation agreement
      		230,500,000 119,500,000 331,200,000 388,400,000 433,600,000 408,700,000 385,300,000 472,200,000 492,700,000 407,200,000 502,200,000 453,400,000                         
        environmental liabilities, net of current portion
      		30,900,000 31,100,000 31,300,000 31,800,000 32,300,000 33,300,000 33,700,000 32,800,000 110,500,000 110,900,000 111,600,000 111,600,000 111,500,000 111,500,000 112,000,000 112,700,000 109,200,000 109,500,000 109,300,000 109,400,000 107,000,000 107,400,000 106,100,000 106,300,000 136,300,000 137,900,000 139,100,000 138,600,000 139,500,000 139,500,000 136,100,000 135,700,000 67,100,000 68,900,000 69,800,000 5,800,000 
        asset retirement obligations
      		35,100,000 34,000,000 33,000,000 34,700,000 32,500,000 24,700,000 24,400,000 26,200,000 43,600,000 43,300,000 42,900,000 42,500,000 42,100,000 41,800,000 41,400,000 41,100,000 38,500,000 38,300,000 38,200,000 38,200,000 37,800,000 37,500,000 37,200,000 36,800,000 67,100,000 68,600,000 70,300,000 72,600,000 74,700,000 75,500,000 76,900,000 71,800,000 71,500,000 72,100,000 52,100,000 5,400,000 
        deferred tax liabilities
      		159,500,000 217,900,000 213,900,000 176,500,000 191,000,000 214,800,000 243,900,000 262,100,000 269,600,000 264,100,000 304,200,000 280,700,000 283,800,000 266,500,000 309,600,000 300,300,000 218,700,000 196,400,000 203,500,000 202,300,000 258,500,000 255,500,000 316,200,000 335,400,000 242,200,000 267,900,000 232,100,000 229,200,000 226,700,000 210,200,000 175,200,000 127,200,000 163,900,000 199,900,000 464,500,000 74,800,000 
        operating lease liabilities, net of current portion
      		42,900,000 46,100,000 47,000,000 51,000,000 54,200,000 54,800,000 63,700,000 96,000,000 104,700,000 111,200,000 106,800,000 113,400,000 121,500,000 122,400,000 125,900,000 131,900,000 141,000,000 152,000,000 125,000,000 122,400,000 125,900,000 131,800,000 132,600,000 140,200,000 137,300,000 144,300,000 144,200,000 155,600,000 157,500,000        
        other non-current liabilities
      		100,800,000 98,800,000 96,700,000 94,500,000 91,400,000 82,600,000 87,000,000 54,400,000 35,200,000 35,000,000 33,100,000 29,000,000 29,000,000 23,700,000 25,000,000 26,400,000 29,900,000 31,800,000 44,700,000 45,500,000 43,100,000 33,700,000 37,400,000 33,800,000 28,700,000 30,900,000 38,500,000 57,200,000 59,000,000 62,900,000 37,800,000 74,700,000 78,200,000 83,000,000 38,100,000 32,200,000 
        total non-current liabilities
      		3,773,300,000 3,771,000,000 3,920,900,000 3,868,100,000 3,860,800,000 3,574,600,000 3,617,900,000 3,395,900,000 3,538,700,000 3,527,000,000 3,709,300,000 3,792,000,000 3,792,500,000 4,036,900,000 3,284,500,000 3,358,100,000 2,668,000,000 2,653,800,000 3,009,300,000 3,044,700,000 3,213,800,000 3,105,800,000 3,290,500,000 3,289,000,000 2,976,600,000 2,825,100,000 2,703,200,000 2,628,300,000 2,612,400,000 2,289,000,000 2,256,000,000 2,271,100,000 2,151,500,000 1,299,300,000 1,701,300,000 849,300,000 
        stockholders’ equity:
      		                                    
        preferred stock, 0.01 par value...
      		                                    
        common stock, 0.01 par value...
      		800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 900,000 800,000 800,000 700,000 
        additional paid-in capital
      		1,274,400,000 1,290,900,000 1,241,500,000 1,243,300,000 1,248,200,000 1,215,900,000 1,172,700,000 1,175,800,000 1,171,800,000 1,113,600,000 1,116,400,000 1,121,800,000 1,141,200,000 1,134,100,000 1,125,700,000 1,159,100,000 1,156,000,000 1,206,500,000 1,199,200,000 1,192,600,000 1,188,600,000 1,185,100,000 1,180,100,000 1,160,100,000 1,157,400,000 1,151,900,000 1,146,100,000 1,140,300,000 1,135,500,000 1,135,400,000 1,168,800,000 1,041,800,000 1,043,300,000 900,100,000 905,900,000 655,900,000 
        treasury stock
      		-694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -694,100,000 -692,200,000 -661,900,000 -618,900,000 -560,300,000 -514,100,000 -356,300,000 -140,300,000 -120,300,000 -25,000,000  -160,800,000 
        retained earnings
      		-528,600,000 -311,100,000 -363,100,000 -519,800,000 -395,400,000 -205,700,000 228,500,000 328,100,000 381,500,000 430,000,000 619,900,000 518,100,000 557,200,000 507,900,000 731,800,000 753,000,000 391,300,000 318,200,000 360,100,000 342,000,000 423,200,000 522,000,000 815,300,000 926,400,000 861,600,000 1,205,600,000 1,195,300,000 1,165,900,000 1,110,100,000 981,800,000 901,500,000 742,800,000 684,300,000 767,800,000 568,600,000 476,600,000 
        non-controlling interests in subsidiaries
      		249,500,000 260,800,000 263,900,000 268,900,000 274,000,000 262,400,000 172,300,000 177,000,000 179,900,000 114,200,000 119,300,000 121,600,000 124,300,000 125,900,000 122,700,000 122,400,000 124,500,000 119,800,000 118,900,000 118,400,000 117,700,000 118,400,000 118,100,000 165,500,000 162,900,000 169,000,000 172,300,000 171,700,000 173,000,000 175,500,000 175,800,000 176,500,000 176,100,000 313,600,000   
        total stockholders’ equity
      		302,000,000 547,300,000 444,800,000 294,900,000 429,400,000 575,200,000 875,400,000 982,800,000 1,035,100,000 959,700,000 1,157,000,000 1,062,900,000 1,124,300,000 1,069,500,000 1,283,000,000 1,337,400,000 974,700,000 947,500,000 977,600,000 952,400,000 1,028,900,000 1,125,100,000 1,420,300,000 1,559,300,000 1,489,900,000 1,835,300,000 1,863,400,000 1,886,200,000 1,898,500,000 1,808,100,000 1,897,100,000 1,779,300,000 1,794,300,000 1,964,200,000 1,783,600,000 1,151,400,000 
        total liabilities and stockholders’ equity
      		7,569,900,000 6,847,700,000 7,080,900,000 7,068,800,000 6,882,100,000 6,665,800,000  6,943,500,000 7,180,300,000 7,171,800,000 7,869,000,000 7,769,500,000 7,786,700,000 8,192,800,000 8,396,800,000 8,924,600,000 7,946,700,000 6,728,000,000 6,766,900,000 6,788,400,000 6,744,000,000 6,134,100,000 6,525,000,000 6,437,600,000 6,093,400,000 7,016,300,000 6,793,300,000 6,573,200,000 6,371,800,000 5,760,600,000 6,158,700,000 6,211,800,000 6,084,700,000 5,935,200,000 5,569,100,000 2,876,500,000 
        accumulated other comprehensive loss
      		  -4,200,000 -4,200,000 -4,100,000 -4,100,000 -4,800,000 -4,800,000 -4,800,000 -4,800,000 -5,300,000 -5,300,000 -5,200,000 -5,200,000 -4,000,000 -3,900,000 -3,900,000 -3,800,000 -7,400,000 -7,400,000 -7,400,000               -1,300,000 
        current assets of discontinued operations
      		                                    
        non-current assets of discontinued operations
      		                                    
        current portion of obligation under inventory intermediation agreement
      		      3,600,000   400,000                           
        current liabilities of discontinued operations
      		                                    
        non-current liabilities of discontinued operations
      		                                    
        redeemable non-controlling interest
      		      70,000,000                              
        total liabilities, redeemable non-controlling interest and stockholders’ equity
      		      7,030,300,000                              
        current portion of obligation under inventory intermediation agreements
      		            57,100,000 49,900,000                       
        obligation under inventory intermediation agreements
      		            479,100,000 491,800,000                       
        obligation under supply and offtake agreements
      		              596,200,000 770,500,000 589,300,000 487,500,000 148,700,000 167,300,000 125,000,000 129,200,000 102,800,000 99,000,000 97,900,000 332,500,000 265,000,000 257,700,000 158,900,000 312,600,000 478,700,000 471,200,000 518,300,000 435,600,000   
        accumulated other comprehensive income
      		                     -7,200,000  500,000 1,200,000 100,000 10,700,000 26,300,000 39,300,000 28,600,000 6,400,000 -42,400,000 10,000,000 6,900,000 5,100,000  
        accounts receivable from related parties
      		                           4,200,000   3,100,000 17,000,000 3,400,000 2,100,000 300,000  
        accounts payable to related parties
      		                           3,500,000 1,300,000 1,500,000 2,200,000 1,800,000 1,500,000 1,700,000 2,800,000  
        assets held for sale
      		                               25,200,000 120,700,000    
        liabilities associated with assets held for sale
      		                               12,000,000 12,300,000    
        assets of discontinued operations held for sale
      		                                 160,000,000 167,200,000  
        liabilities of discontinued operations held for sale
      		                                 105,900,000 103,100,000  
        obligation under supply and offtake agreement
      		                                  386,700,000 145,400,000 
        non-controlling interest in subsidiaries
      		                                  303,200,000 180,300,000 
        accounts receivable from related party
      		                                   4,000,000 
        accounts payable to related party
      		                                   3,800,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 
                                           
          cash flows from operating activities:
        		                                   
          net income
        		-190,900,000     -402,100,000 -67,500,000 -26,100,000 -25,200,000 -160,100,000 136,100,000 -1,500,000 72,200,000 -109,700,000 16,800,000 368,600,000 14,800,000     -285,000,000 -76,900,000 98,500,000 -307,000,000 38,000,000 60,000,000 83,800,000 154,400,000 121,900,000 186,300,000 86,700,000 -20,000,000 225,100,000  
          adjustments to reconcile net income to net cash from operating activities:
        		                                   
          depreciation and amortization
        		103,300,000 101,100,000 101,300,000 94,100,000 101,300,000 96,300,000 90,900,000 92,100,000 95,200,000 87,500,000 91,300,000 89,400,000 83,400,000 77,800,000 72,900,000 68,000,000 68,300,000 69,000,000 60,800,000 66,300,000 68,500,000 90,200,000 65,200,000 59,600,000 52,600,000 47,600,000 49,800,000 50,100,000 46,800,000 53,000,000 49,200,000 49,200,000 48,000,000 47,900,000 46,900,000 
          non-cash lease expense
        		5,900,000 7,600,000 10,200,000 15,200,000 6,500,000 22,400,000 -3,900,000 13,500,000 14,100,000 17,700,000 14,000,000 14,800,000 15,400,000 14,100,000 13,100,000 22,000,000 13,400,000 19,800,000 12,700,000 12,800,000 15,300,000 25,700,000 12,100,000 8,600,000 13,300,000 5,300,000 13,100,000 7,200,000 9,300,000       
          deferred income taxes
        		-58,300,000 3,200,000 37,500,000 -14,300,000 -36,900,000 -46,800,000 -40,900,000 -7,800,000 -8,100,000 -26,500,000 12,900,000 -4,600,000 16,600,000 -34,000,000 1,700,000 83,500,000 10,400,000 -9,100,000 2,600,000 -58,000,000 5,100,000 -65,000,000 -33,000,000 90,400,000 -24,500,000 38,300,000 10,300,000 5,100,000 10,900,000 7,900,000 36,100,000 3,800,000 -74,600,000 -145,800,000 110,200,000 
          income from equity method investments
        		-14,600,000 -22,800,000 -31,200,000 -22,200,000 -13,300,000 -14,800,000 -25,100,000 -30,400,000 -21,900,000 -19,100,000 -27,000,000 -25,500,000 -14,600,000 -13,300,000 -17,800,000 -15,700,000 -10,900,000 -3,800,000 -2,900,000 -6,800,000 -4,800,000 -1,700,000 -12,800,000 -10,700,000 -5,100,000 -5,900,000 -16,500,000    -4,000,000     
          dividends from equity method investments
        		12,900,000 13,200,000 14,400,000 6,200,000 7,300,000 30,200,000 21,200,000 13,200,000 9,500,000 25,200,000 16,300,000 10,800,000 8,700,000 6,000,000 11,800,000 7,900,000 6,600,000 10,200,000 8,400,000 4,900,000 5,700,000 11,600,000 7,300,000 9,400,000 4,900,000 12,200,000 7,500,000 2,300,000 1,900,000 3,600,000 2,900,000 1,300,000 1,000,000 6,300,000 1,200,000 
          non-cash lower of cost or market/net realizable value adjustment
        		-8,700,000 -30,800,000 39,100,000 -100,000 200,000 -200,000 200,000 -1,900,000 -8,800,000 6,600,000 3,400,000 -7,900,000 -1,700,000 -17,200,000 20,300,000 7,300,000 -8,500,000 7,600,000 200,000 -9,700,000 -20,400,000 -36,400,000              
          loss on extinguishment of debt
        		1,600,000     0 0 0 3,600,000                     0 100,000 0 9,000,000   
          equity-based and non-cash compensation expense
        		7,400,000 21,100,000                                  
          loss from discontinued operations
        		200,000 1,000,000 300,000                       -6,000,000     -500,000 800,000 8,200,000 1,800,000  
          other
        		4,400,000 2,200,000 3,500,000 12,300,000 -2,100,000 -1,100,000 20,600,000 -18,900,000 -100,000 -1,700,000 200,000 3,000,000 3,300,000 4,500,000 2,600,000 3,100,000 4,700,000 -33,400,000 8,300,000 13,000,000 900,000 400,000              
          changes in assets and liabilities:
        		                                   
          accounts receivable
        		-288,400,000 18,100,000 76,000,000 -97,700,000 -17,900,000 -53,800,000 221,300,000 60,300,000 -48,000,000 381,400,000 -161,600,000 -155,700,000 395,900,000 -198,900,000 283,900,000 114,500,000 -628,400,000 220,300,000 -175,200,000 -106,100,000 -192,300,000 -9,200,000 -38,300,000 -44,400,000 351,600,000 42,700,000 13,200,000 -66,800,000 -265,800,000 225,400,000 65,000,000 -148,600,000 -29,100,000 -98,300,000 -35,500,000 
          inventories and other current assets
        		-264,400,000 90,700,000 62,500,000 -16,000,000 12,200,000 14,300,000 73,200,000 45,400,000 -48,300,000 186,400,000 90,900,000 113,800,000 166,800,000 165,400,000 114,100,000 -68,700,000 -465,200,000 -156,300,000 116,500,000 1,700,000 -304,200,000 286,500,000 -242,200,000 -331,600,000 531,700,000 -206,200,000 -19,000,000 0 -192,500,000 217,400,000 -32,500,000 160,300,000 -206,500,000 -153,000,000 -33,200,000 
          fair value of derivatives
        		-16,000,000 22,400,000 -17,200,000 -300,000 2,300,000 -8,500,000 -4,100,000 -6,400,000 13,500,000 12,600,000 10,800,000 -19,000,000 -400,000 51,600,000 18,700,000 -6,600,000 -68,300,000 17,200,000 29,500,000 84,800,000 -91,900,000 -22,600,000 23,100,000 12,500,000 -36,100,000 300,000 -35,100,000 -21,200,000 43,500,000 11,500,000 48,500,000 -94,300,000 -18,300,000 20,300,000 8,400,000 
          accounts payable and other current liabilities
        		1,058,700,000 -86,900,000 -169,700,000 210,500,000 4,100,000 -42,900,000 -172,900,000 -115,400,000 110,400,000 -357,900,000 189,500,000 158,200,000 -293,100,000 -226,100,000 -252,600,000 -211,200,000 988,600,000 40,300,000 -9,200,000 146,900,000 524,500,000 -15,400,000 129,700,000 -48,300,000 -546,300,000 90,900,000 124,800,000 57,100,000 292,400,000 -178,600,000 6,900,000 95,600,000 -52,000,000 284,300,000 79,000,000 
          obligation under inventory intermediation agreements
        		111,000,000 -18,500,000 -57,200,000 -45,200,000 24,900,000 19,800,000 -83,300,000 -20,500,000 85,100,000 -94,600,000 48,800,000 -82,800,000 -63,500,000                       
          non-current assets and liabilities
        		-2,800,000 2,900,000 -6,500,000 -8,700,000 600,000 2,700,000 -10,400,000 -75,200,000 -11,500,000 -11,600,000 -1,200,000 -3,800,000 -300,000 -13,300,000 11,200,000 -2,000,000 -5,900,000 -20,600,000 14,500,000 2,500,000 -8,600,000 -20,800,000 3,400,000 -500,000 1,100,000 -6,000,000 -33,000,000 -9,300,000 700,000 13,300,000 -20,900,000 -45,800,000 52,300,000 3,200,000 -24,200,000 
          cash from operating activities - continuing operations
        		461,300,000 503,800,000 44,300,000 52,200,000 -62,100,000 -162,600,000                    126,800,000 213,000,000 102,000,000 133,400,000 359,100,000 352,100,000 54,300,000 -175,100,000 243,700,000 126,800,000 
          cash from operating activities - discontinued operations
        		-200,000 -1,000,000 -300,000 -800,000 -300,000 -900,000                        0 -14,500,000 0 -15,600,000 5,100,000  
          net cash from operating activities
        		461,100,000 502,800,000 44,000,000 51,400,000 -62,400,000 -163,500,000 -21,600,000 -48,400,000 166,700,000 90,800,000 432,600,000 95,100,000 395,100,000 -290,800,000 130,200,000 559,100,000 26,800,000 161,200,000 75,300,000 169,200,000 -34,300,000 116,900,000 -76,700,000 -169,000,000 -154,100,000 126,800,000 213,000,000 102,000,000 133,400,000 359,100,000 337,600,000 54,300,000 -190,700,000 248,800,000 119,600,000 
          capital expenditures
        		-187,700,000 -120,000,000 -108,000,000 -165,800,000 -135,700,000 -190,500,000 -103,900,000 -86,000,000 -47,300,000 -81,300,000 -60,700,000 -66,300,000 -211,300,000 -118,600,000 -94,700,000 -68,600,000 -29,500,000 -59,100,000 -30,400,000 -84,400,000 -48,300,000 -27,700,000 -6,300,000 -46,200,000 -189,200,000 -107,300,000 -105,800,000 0 -124,000,000 -94,000,000 -85,500,000 -71,500,000 -71,000,000 -63,600,000 -73,400,000 
          free cash flows
        		273,400,000 382,800,000 -64,000,000 -114,400,000 -198,100,000 -354,000,000 -125,500,000 -134,400,000 119,400,000 9,500,000 371,900,000 28,800,000 183,800,000 -409,400,000 35,500,000 490,500,000 -2,700,000 102,100,000 44,900,000 84,800,000 -82,600,000 89,200,000 -83,000,000 -215,200,000 -343,300,000 19,500,000 107,200,000 102,000,000 9,400,000 265,100,000 252,100,000 -17,200,000 -261,700,000 185,200,000 46,200,000 
          cash flows from investing activities:
        		                                   
          business combination, net of cash acquired
        		 0 0 0 -181,200,000                               
          distributions from equity method investments
        		5,000,000 3,600,000 6,500,000 3,500,000 2,100,000 900,000 700,000 600,000 2,800,000 4,400,000 3,200,000 5,200,000 2,100,000 8,200,000 0 1,100,000 600,000 4,000,000 900,000 1,400,000 4,000,000 0 1,000,000 1,600,000 69,400,000 0 0 0 800,000 200,000 300,000 0 700,000   
          purchases of property, plant and equipment
        		-187,700,000 -120,000,000 -108,000,000 -165,800,000 -135,700,000 -190,500,000 -103,900,000 -86,000,000 -47,300,000 -81,300,000 -60,700,000 -66,300,000 -211,300,000 -118,600,000 -94,700,000 -68,600,000 -29,500,000 -59,100,000 -30,400,000 -84,400,000 -48,300,000 -27,700,000 -6,300,000 -46,200,000 -189,200,000 -107,300,000 -105,800,000   -94,000,000 -85,500,000 -71,500,000 -71,000,000 -63,600,000 -73,400,000 
          purchases of intangible assets
        		-5,900,000 -3,500,000 -1,900,000 -2,500,000 -4,600,000 -1,300,000 -300,000 -600,000 -700,000 -1,700,000 -1,300,000 -700,000 -600,000                       
          proceeds from sale of property, plant and equipment
        		100,000 5,200,000 200,000 600,000 4,300,000 -400,000 1,100,000   1,300,000 600,000   0 100,000 100,000 1,000,000 300,000 700,000 10,700,000 200,000 0 0 -100,000 300,000 800,000 0 -700,000 1,000,000 5,700,000 5,100,000     
          insurance and settlement proceeds
        		 400,000 4,100,000 3,100,000 3,100,000 700,000                              
          net cash from investing activities
        		-190,300,000 -116,900,000 -103,400,000 -163,000,000 -314,600,000 -215,800,000 78,400,000 -62,500,000 -41,600,000 -69,400,000 -58,700,000 -57,800,000 -222,100,000 -111,700,000 -99,000,000 -690,700,000 -30,200,000 -35,200,000 -24,500,000 -72,600,000 -46,100,000 -28,300,000 -7,100,000 -9,300,000 -146,600,000 -181,800,000 -180,100,000 -202,400,000 -127,000,000 -88,100,000 -51,000,000 40,400,000 -26,600,000 -70,100,000 138,000,000 
          cash flows from financing activities:
        		                                   
          proceeds from long-term revolvers
        		3,111,500,000 2,344,500,000 2,152,000,000 2,554,400,000 2,820,300,000 1,382,000,000 2,527,000,000 1,520,000,000 1,493,100,000 930,400,000 1,068,400,000 698,400,000 848,600,000 1,813,900,000 100,500,000 1,055,800,000 415,100,000 106,500,000 206,300,000 417,500,000 609,000,000 85,000,000 214,400,000 353,500,000 1,230,200,000 157,000,000 290,900,000 549,700,000 437,800,000 375,500,000 179,500,000 490,900,000 1,078,700,000 340,400,000 347,200,000 
          payments on long-term revolvers
        		-3,162,200,000 -2,289,400,000 -2,076,000,000 -3,178,700,000 -2,550,600,000 -1,406,500,000 -2,402,300,000 -1,755,000,000 -1,708,400,000 -961,400,000 -1,237,900,000 -658,000,000 -1,123,500,000 -1,450,300,000 -174,500,000 -439,000,000 -409,000,000 -109,400,000 -217,200,000 -933,200,000 -568,100,000 -209,100,000 -193,700,000 -298,600,000 -1,053,500,000 -274,800,000 -206,400,000 -639,200,000 -433,300,000 -452,000,000 -210,200,000 -408,700,000 -608,900,000 -319,300,000 -292,900,000 
          payments on term debt
        		-2,400,000 -2,400,000 -2,300,000 -2,400,000 -2,400,000 -2,400,000 -2,300,000 -2,400,000 -533,700,000 -9,800,000 -6,100,000 -6,200,000 -6,100,000 -1,250,200,000 -12,200,000 -13,400,000 -13,300,000 -3,300,000 -13,400,000 -3,400,000 -23,300,000 -3,300,000 -3,400,000 -3,300,000 -27,900,000 -2,800,000 -2,400,000 -2,300,000 -26,800,000 -1,700,000 -151,700,000 -1,800,000 -671,100,000 -23,700,000 -19,500,000 
          proceeds from product and other financing agreements
        		268,600,000 365,800,000 863,500,000 478,200,000 362,000,000 433,900,000 416,700,000 158,700,000 101,000,000                           
          repayments of product and other financing agreements
        		-416,200,000 -553,700,000 -808,800,000 -383,700,000 -294,400,000 -367,000,000 -367,500,000 -71,100,000 -290,700,000                           
          repurchase of common stock
        		 -20,000,000 -15,000,000 -12,900,000 -31,500,000 -21,500,000    -20,000,000 -25,000,000 -40,000,000 -400,000 -89,600,000        0 0 0 -1,900,000 -30,300,000 -43,000,000 -58,600,000 -46,200,000 -157,900,000 -92,100,000 -20,000,000 -95,300,000   
          distribution to non-controlling interest
        		-22,100,000 -21,900,000 -21,900,000 -21,700,000 -21,600,000 -19,100,000 -14,100,000 -13,800,000 -9,800,000 -9,800,000 -9,700,000 -9,600,000 -9,500,000 -9,100,000 -9,200,000 -9,000,000 -8,700,000 -8,300,000 -8,200,000 -7,900,000 -8,000,000 -7,900,000 -8,200,000 -8,200,000 -8,600,000 -8,500,000 -8,200,000 -7,900,000 -7,700,000 -6,200,000 -7,400,000 -7,200,000 -6,900,000 -11,900,000 -10,600,000 
          dividends paid
        		-15,600,000 -15,300,000 -15,300,000 -15,500,000 -15,900,000 -16,100,000 -16,400,000 -16,000,000 -15,700,000 -15,400,000 -15,200,000 -15,000,000 -14,700,000 -14,500,000        -100,000 -23,000,000 -22,900,000 -23,100,000 -22,500,000 -21,800,000 -21,500,000 -21,000,000 -21,300,000 -21,000,000 -20,800,000 -17,000,000 -12,700,000 -12,300,000 
          deferred financing costs paid
        		-9,000,000 200,000 -100,000   -100,000 -3,900,000 -3,300,000 -10,900,000 -3,300,000 -100,000   -61,800,000 0   0 100,000   0 -500,000 0 -200,000 -600,000 0 0 -900,000 -600,000 -5,400,000 -5,300,000 -2,500,000 -200,000 -300,000 
          net cash from financing activities
        		-272,500,000 -391,000,000 74,800,000 103,300,000 265,200,000     -100,900,000 -293,800,000 -80,700,000 -149,300,000 90,000,000 -122,000,000 522,100,000 1,000,000 -100,100,000 -53,200,000 -57,100,000 86,400,000 -109,000,000 42,700,000 242,400,000 130,300,000 3,900,000 22,100,000 62,100,000 -96,000,000 -300,800,000 -310,300,000 20,100,000 293,400,000 -74,800,000 8,100,000 
          net increase in cash and cash equivalents
        		-1,700,000      379,700,000 -95,500,000 -68,800,000 -79,500,000 80,100,000 -43,400,000 23,700,000 -312,500,000 -90,800,000 390,500,000 -2,400,000 25,900,000 -2,400,000 39,500,000 6,000,000     -51,100,000 55,000,000 -38,300,000 -89,600,000 -29,800,000 -23,700,000 114,800,000 76,100,000 103,900,000 265,700,000 
          cash and cash equivalents at the beginning of the period
        		625,800,000 0 0 0 735,600,000 0 0 0 822,200,000 0 0 0 841,300,000 0 0 0 856,500,000 0 0 0 787,500,000 0 0 0 955,300,000 0 0 0 1,079,300,000 0 0 0 941,900,000 0 0 
          cash and cash equivalents at the end of the period
        		624,100,000 -5,100,000 15,400,000 -8,300,000 623,800,000 -302,000,000 379,700,000 -95,500,000 753,400,000 -79,500,000 80,100,000 -43,400,000 865,000,000 -312,500,000 -90,800,000 390,500,000 854,100,000 25,900,000 -2,400,000 39,500,000 793,500,000 -20,400,000       989,700,000 -29,800,000 -23,700,000 114,800,000 1,018,000,000 103,900,000 265,700,000 
          asset impairment
        		 1,400,000    212,200,000 9,200,000                             
          equity method investment contributions
        		     -500,000        0 0   -100,000 0 -100,000 -1,500,000 -400,000 -1,300,000 -2,400,000 -27,100,000 -53,400,000 -77,600,000 -131,600,000 -4,800,000 0 0   -1,000,000 -1,900,000 
          purchase of equity securities
        		     300,000 -300,000   -900,000 -2,000,000 -1,500,000 -7,500,000                       
          cash from investing activities - continuing operations
        		 -116,900,000 -103,400,000 -163,000,000 -314,600,000 -215,800,000                    -181,800,000 -180,100,000 -202,400,000 -127,000,000 -88,100,000 -65,500,000 40,400,000 -32,100,000 -68,800,000 124,500,000 
          cash from investing activities - discontinued operations
        		     0                        0 14,500,000 0 5,500,000 -1,300,000  
          proceeds from term debt
        		 0 0   0 206,500,000 202,500,000 650,000,000         0 0   0 0   187,200,000 100,000   0 0 0 690,600,000 38,100,000 0 
          proceeds from inventory intermediation agreement
        		         0 0 0 32,200,000                       
          repayments on inventory intermediation agreement
        		                                   
          proceeds from termination of supply & offtake obligation
        		         0 0 0 25,800,000                       
          proceeds from issuance of delek logistic common limited partner units
        		     165,700,000 0 -100,000 132,300,000                           
          redemption of delek logistics preferred units
        		                                   
          cash from financing activities - continuing operations
        		 -391,000,000 74,800,000 103,300,000 265,200,000 77,300,000                    3,900,000 22,100,000 62,100,000 -96,000,000 -300,800,000 -310,300,000 20,100,000 293,400,000 -74,800,000 8,100,000 
          net decrease in cash and cash equivalents
        		   -8,300,000 -111,800,000                  -41,100,000 64,100,000 -170,400,000           
          less cash and cash equivalents of discontinued operations at the end of the period
        		                                 3,800,000  
          cash and cash equivalents of continuing operations at the end of the period
        		 -5,100,000 15,400,000 -8,300,000 623,800,000 -302,000,000                  64,100,000 784,900,000 -51,100,000 55,000,000 -38,300,000 989,700,000 -29,800,000 -23,700,000 114,800,000 1,018,000,000 100,100,000 259,400,000 
          net loss
        		  194,800,000 -90,100,000 -158,500,000              26,900,000 -72,500,000 -91,300,000               
          adjustments to reconcile net loss to net cash from operating activities:
        		                                   
          small refinery exemption benefit
        		                                   
          equity-based compensation expense
        		   7,700,000 6,900,000 8,700,000 10,300,000 7,600,000 7,200,000 7,000,000 8,200,000 5,900,000 6,400,000 8,700,000 7,800,000 7,200,000 5,400,000    4,600,000 5,100,000 6,700,000 4,700,000 6,300,000 6,600,000 7,400,000 6,800,000 5,000,000 5,800,000 5,200,000 5,600,000 4,800,000 4,900,000 4,700,000 
          income from discontinued operations
        		    300,000                               
          income from discontinued operations, including gain on sale of discontinued operations
        		     1,000,000                              
          business combinations
        		                                   
          taxes paid due to the net settlement of equity-based compensation
        		     -800,000 -800,000 -4,100,000 -800,000 -600,000 -1,000,000 -3,000,000 -600,000 -1,100,000 -1,100,000 -4,000,000 -300,000 -800,000 -400,000 -1,900,000 -1,100,000 -100,000 -400,000 -1,200,000 -700,000 -800,000 -1,500,000 -2,400,000 -4,500,000 -700,000 -2,000,000 -7,000,000 -1,800,000   
          proceeds from sale of delek logistics common limited partner units
        		                                   
          purchase of delek common stock from iep energy holding llc
        		             0 0 0 -64,000,000                   
          payment of debt extinguishment costs
        		     0 0 0 -300,000                           
          net used in financing activities
        		     77,300,000 322,900,000 15,400,000 -193,900,000                           
          acquisition of h2o
        		                                   
          insurance proceeds
        		       14,400,000 3,600,000 8,800,000       100,000 2,600,000                  
          acquisition of 3 bear
        		             -200,000 -3,700,000                     
          contract termination recoveries of capital expenditures
        		                                   
          financing commitment cancellation proceeds
        		                                   
          proceeds from product financing agreements
        		          252,200,000 321,000,000 335,000,000 250,000,000 236,400,000 190,300,000 317,900,000 248,300,000 209,600,000 181,000,000 277,200,000 75,200,000 135,600,000 44,400,000 42,000,000 0 21,000,000 4,200,000 15,600,000     31,500,000 0 
          repayments of product financing agreements
        		          -319,400,000 -367,100,000 -236,100,000 -302,300,000 -193,600,000 -257,900,000 -253,100,000 -345,400,000 -230,000,000 -102,900,000 -199,300,000 -48,700,000 -52,900,000 -5,500,000 -21,000,000 0 -6,600,000 -6,600,000 -9,000,000 0 0 0 -72,400,000 -89,700,000 -3,000,000 
          impairment of goodwill
        		                                   
          gain on sale of non-operating refinery
        		                     0 100,000             
          proceeds from sale of non-operating refinery
        		                     0 0             
          payments for termination of supply & offtake obligation
        		                                   
          repurchase of non-controlling interest
        		                     0 -23,100,000 -800,000 -5,000,000         0 0 
          obligation under supply and offtake agreements
        		              -174,300,000 181,200,000 101,800,000 9,000,000 -17,800,000 97,000,000 51,600,000 24,500,000 9,200,000             
          purchase of intangible assets
        		              -700,000 -1,400,000 -2,400,000 -200,000 -100,000 -200,000 -500,000 -200,000 -500,000   -19,100,000    0 -1,200,000 1,100,000 -1,600,000 0  
          proceeds from sale of delek logistics lp common limited partner units
        		              0 0 16,400,000                   
          asset acquisitions
        		                                   
          proceeds from sale of retail stores
        		                         5,200,000 4,100,000         
          impact of idr simplification transaction of delek logistics lp
        		                     0              
          other amortization/accretion
        		                    3,000,000 3,000,000 3,000,000 2,600,000 2,200,000 2,400,000          
          gain on sale of business
        		                             -100,000 0     
          impairment of assets held for sale
        		                             0 0 0 27,500,000   
          proceeds from sale of business
        		                             0 0     
          proceeds from sales of discontinued operations
        		                             0 15,800,000 0 39,700,000   
          settlement of warrants unwind agreement
        		                                   
          supplemental disclosures of cash flow information:
        		                                   
          cash paid during the period for:
        		                                   
          interest, net of capitalized interest of 0.4 million, 1.5 million and 0.8 million in the 2020, 2019 and 2018 periods, respectively
        		                                   
          income taxes
        		                                   
          non-cash investing activities:
        		                                   
          common stock issued in connection with the buyout of alon partnership non-controlling interest
        		                                   
          increase in accrued capital expenditures
        		                                   
          non-cash financing activities:
        		                                   
          non-cash lease liability arising from recognition of right of use assets upon adoption of accounting standards update ("asu") 2016-02
        		                                   
          non-cash lease liability arising from obtaining right of use assets during the period
        		                                   
          common stock issued in connection with settlement of convertible notes
        		                                   
          treasury shares received in connection with exercise of call options
        		                                   
          loss on disposal of assets
        		                        500,000 -1,600,000 200,000 -2,000,000 5,600,000  0 1,000,000 300,000 0 700,000 
          excess tax deficiency (benefit) of equity-based compensation
        		                       1,000,000 600,000           
          obligation under supply and offtake agreement
        		                        -199,900,000 68,700,000 28,100,000 -4,300,000 22,600,000 -116,500,000 7,500,000 -47,100,000 71,800,000 48,900,000 43,300,000 
          gain on remeasurement of equity method investment
        		                                 0  
          income tax benefit of equity-based compensation
        		                         -500,000 -300,000 -300,000 -1,400,000       
          changes in assets and liabilities, net of acquisitions:
        		                                   
          business combinations, net of cash acquired
        		                                   
          cash from financing activities - discontinued operations
        		                                   
          interest, net of capitalized interest of 1.5 million, 0.8 million and 0.3 million in the 2019, 2018 and 2017 periods, respectively
        		                                   
          non-cash lease liability arising from recognition of right of use assets upon adoption of asu 2016-02
        		                                   
          common stock issued in connection with the delek/alon merger
        		                                   
          equity instruments issued in connection with the delek/alon merger
        		                                   
          amortization of deferred financing costs and debt discount
        		                           1,300,000 1,900,000 1,200,000 2,600,000 2,800,000 2,000,000 3,000,000 3,300,000 
          accretion of environmental liabilities and asset retirement obligations
        		                           700,000 700,000 700,000 800,000 500,000 1,300,000   
          amortization of unfavorable contract liability
        		                             0 0 -700,000 -1,500,000 -1,400,000 -1,500,000 
          (income) income from equity method investments
        		                            -2,600,000       
          loss on interest rate derivative
        		                                700,000   
          capital expenditures for property, plant, equipment and refinery turnaround activities
        		                            -124,000,000       
          amortization of above and below market leases
        		                             -400,000      
          (gain) loss on disposal of assets
        		                                   
          impairment of equity method investment
        		                                   
          interest, net of capitalized interest of 0.8 million, and 0.3 million and 0.2 million in 2018, 2017 and 2016, respectively
        		                                   
          proceeds from sale of property. plant and equipment
        		                                100,000   
          accretion of environmental liabilities asset retirement obligations
        		                                   
          loss from equity method investments
        		                                 -2,900,000 -5,100,000 
          impairment of fixed assets
        		                                   
          proceeds from sales of assets
        		                                   
          proceeds from exercise of stock options
        		                                   
          income tax benefit expense of equity-based compensation
        		                                   
          interest, net of capitalized interest of 0.3 million, 0.2 million and 0.6 million in 2017, 2016 and 2015, respectively
        		                                   
          equity method investments
        		                                   
          equity instruments issued in connection with the alon acquisition
        		                                   
          note payable issued in connection with the alon acquisition
        		                                   
          accretion of asset retirement obligations
        		                                  200,000 
          cash acquired in business combinations