Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 287

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 287
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 respectively, related to business interruption claims. No business interruption claims were recognized during the year ended December 31, 2024. Such gains are included in insurance proceeds in the consolidated statements of income. If applicable, we accrue receivables for probable insurance or other third-party recoveries. Work to determine the full extent of covered business interruption and property and casualty losses and potential insurance claims is ongoing and may result in additional future recognition of insurance recoveries. Crude Oil and Other Releases We have experienced several crude oil and other releases involving our assets. There were no material releases that occurred during the years ended December 31, 2024 and 2023. For releases that occurred in prior years, we have received regulatory closure or a majority of the cleanup and remediation efforts are substantially complete. We do not anticipate material costs associated with any fines or penalties or to complete activities that may be needed to achieve regulatory closure. Expenses incurred for the remediation of these crude oil and other releases are included in operating expenses in our consolidated statements of income.Asset Retirement ObligationsThe reconciliation of the beginning and ending carrying amounts of asset retirement obligations is as follows (in millions):December 31,20242023Beginning balance$36.4 $35.1 Liabilities acquired4.9 — Revision in estimated cash flows(18.1)— Accretion expense1.5 1.3 Ending balance$24.7 $36.4 

15. Income Taxes

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

F-43 |

Significant components of Delek's continuing operations deferred tax assets (liabilities) reported in the accompanying consolidated financial statements as of December 31, 2024 and 2023 were as follows (in millions): December 31,20242023Non-Current Deferred Taxes:Property, plant and equipment, and intangibles$(237.4)$(266.2)Right-of-use asset(23.7)(32.8)Partnership and equity investments(188.2)(196.7)Total deferred tax liabilities(449.3)(495.7)Interest expense limitation under 163j112.7 71.6 Compensation and employee benefits10.3 16.6 Net operating loss carryforwards134.8 125.7 Tax credit carryforwards11.3 5.8