Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 231

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 231
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 assets is as follows (in millions):Other Current AssetsSeptember 30, 2025December 31, 2024Consolidated Net RINs surplus(1)  (see Note 12)$146.8 $— Short-term derivative assets (see Note 11)61.0 8.8 Prepaid expenses60.7 69.2 Income and other tax receivables5.2 6.7 Other4.7 0.8 Total$278.4 $85.5 The detail of accrued expenses and other current liabilities is as follows (in millions):Accrued Expenses and Other Current LiabilitiesSeptember 30, 2025December 31, 2024Product financing agreements$398.8 $185.9 Crude purchase liabilities212.5 193.9 Employee costs97.2 43.2 Income and other taxes payable79.9 101.1 Consolidated Net RINs deficit (see Note 12)— 30.6 Short-term derivative liabilities (see Note 11)39.1 5.6 Deferred revenue4.3 6.9 Other88.5 82.3 Total$920.3 $649.5 (1)Net of RIN lower of cost or market reserve of $39.4 million for the three and nine months ended September 30, 2025.

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 $1.0 million and $10.4 million as of September 30, 2025, and December 31, 2024, respectively. During the second quarter of 2024, we made the decision to idle the Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi 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