Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 189

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 189
---
ited)

15. Related Party Transactions

Our related party transactions consist primarily of transactions with our equity method investees (See Note 7). Transactions with our related parties were as follows for the periods presented (in millions):Three Months Ended March 31,20252024Revenues (1)$21.1 $22.0 Cost of materials and other (2)$43.7 $57.8 (1)Consists primarily of asphalt sales which are recorded in the refining segment.(2)Consists primarily of pipeline throughput fees paid by the refining segment and asphalt purchases.

16. Other Current Assets and Liabilities

The detail of other current assets is as follows (in millions):Other Current AssetsMarch 31, 2025December 31, 2024Prepaid expenses$73.4 $69.2 Short-term derivative assets (see Note 11)4.1 8.8 Income and other tax receivables5.1 6.7 Other7.2 0.8 Total$89.8 $85.5 The detail of accrued expenses and other current liabilities is as follows (in millions):Accrued Expenses and Other Current LiabilitiesMarch 31, 2025December 31, 2024Product financing agreements$237.2 $185.9 Crude purchase liabilities191.9 193.9 Income and other taxes payable93.1 101.1 Consolidated Net RINs Obligation deficit (see Note 12)61.6 30.6 Employee costs31.3 43.2 Deferred revenue17.9 6.9 Short-term derivative liabilities (see Note 11)0.1 5.6 Other75.2 82.3 Total$708.3 $649.5 

17. Restructuring and Other Charges

During the fiscal year 2022, we initiated a cost optimization plan to improve efficiencies and align our workforce with strategic activities and operations. The recorded costs include an accrual of $3.9 million and $10.4 million as of March 31, 2025 and December 31, 2024, respectively. We anticipate concluding our restructuring activities by the end of fiscal year 2026. Future cost estimates for these initiatives are continuing to be developed.The detail of restructuring costs is as follows (in millions):Three Months Ended March 31, 2025Type of Costs