Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 54

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 utilized. During the three and nine months ended September 30, 2024, we recorded a bonus accrual for certain employees, including executives, determined to be key to our planned go-forward operations and achievement of certain corporate and strategic milestones provided that they remain through various requisite service periods for a total of $10.4 million of which $6.6 million was recorded in general and administrative expenses and $3.8 million was recorded in operating expenses in the condensed consolidated statements of income.Included in our restructuring costs are expenses related to certain equity compensation awards. As of September 30, 2025 these awards were recorded as a liability on the condensed consolidated balance sheet based on the discretion and ability of management to settle the awards in cash. 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 September 30, 2025Type of CostsStatement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedConsulting fees, severance costs, and equity based compensationGeneral and administrative expenses$0.2 $— $25.9 $26.1 OtherCost of materials and other0.5 — — 0.5 Severance costs and equity based compensationOperating expenses— — 7.5 7.5 Total$0.7 $— $33.4 $34.1 Three Months Ended September 30, 2024Type of CostsStatement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedBonus ExpenseGeneral and administrative expenses$— $— $6.6 $6.6 Severance costs and bonus expenseOperating expenses— — 3.8 3.8 ImpairmentAsset impairment— — 9.2 9.2 Asset write-offOther operating (income) loss, net14.1 — — 14.1 Total$14.1 $— $19.6 $33.7 Nine Months Ended September 30, 2025Type of CostsStatement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedConsulting fees, severance costs, and equity based compensationGeneral and administrative expenses$0.2 $