Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 218

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 218
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 biodiesel facilities, while exploring viable and sustainable alternatives. Those alternatives could include restarting if market conditions improve, marketing for sale or permanently closing any of the facilities. Our decision to idle these facilities was driven by the decline in the overall biodiesel market and aligns with our continued operational and cost optimization efforts. As a result, we conducted an evaluation of impairment and based on our review we recorded a $22.1 million impairment which included property, plant and equipment and right of use assets. In addition, $0.4 million of severance and benefit expenses were recognized in the three and six months ended June 30, 2024.We anticipate concluding our restructuring activities by the end of fiscal year 2026. Future cost estimates for these initiatives are continuing to be developed.

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Notes to Condensed Consolidated Financial Statements (unaudited)

The detail of restructuring costs is as follows (in millions):Three Months Ended June 30, 2025Type of CostsStatement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedConsulting fees, severance costs and equity based compensationGeneral and administrative expenses$— $— $22.1 $22.1 Severance costs and equity based compensationOperating expenses— — 3.4 3.4 Total$— $— $25.5 $25.5 Three Months Ended June 30, 2024Type of CostsStatement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedConsulting fees and severance costsGeneral and administrative expenses$— $— $0.1 $0.1 Severance costsOperating expenses0.4 — — 0.4 ImpairmentAsset impairment22.1 — — 22.1 Total$22.5 $— $0.1 $22.6 Six Months Ended June 30, 2025Type of CostsStatement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedConsulting fees, severance costs and equity based compensationGeneral and administrative expenses$— $— $29.6 $29.6 Severance costs and equity based compensationOperating expenses0.3 — 4.0 4.3 Total$0.3 $— $33.6 $33.9 Six Months Ended June 30, 2024Type of CostsStatement