Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 309

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 309
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 (1)$54.6 $63.8 $63.0 Short-term lease costs (2)64.8 46.1 36.0 Sublease income(9.3)(3.5)(0.1)Net lease costs$110.1 $106.4 $98.9 Other InformationCash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases (1)$(58.5)$(60.5)$(63.0)Leased assets obtained in exchange for new operating lease liabilities$15.1 $50.1 $21.6 Leased assets obtained in exchange for new financing lease liabilities$0.9 $1.4 $— December 31, 2024December 31, 2023Weighted-average remaining lease term (years) operating leases3.63.8Weighted-average remaining lease term (years) financing leases5.66.5Weighted-average discount rate operating leases (3) 6.2 %6.1 %Weighted-average discount rate financing leases (3)4.5 %4.3 %(1) Includes an immaterial amount of financing lease cost.(2) Includes an immaterial amount of variable lease cost.(3) Our discount rate is primarily based on our incremental borrowing rate in accordance with ASC 842.The following is an estimate of the maturity of our lease liabilities for operating and financing leases having remaining noncancelable terms in excess of one year as of December 31, 2024 (in millions) under the lease guidance ASC 842:Maturity of Lease LiabilitiesTotal12 months or less$49.7 13-24 months28.0 25-36 months24.5 37-48 months7.4 49- 60 months2.9 Thereafter9.2 Total Future Lease Payments121.7 Less: Interest14.4 Present Value of Lease Liabilities$107.3 

26. Subsequent Events

Inventory Intermediation AgreementOn February 21, 2025, DKTS amended the Inventory Intermediation Agreement to among other things, (i) extend the term of the Inventory Intermediation Agreement from January 31, 2026 to January 31, 2027 and (ii) include a mechanism for DKTS to nominate each month whether to include volumes related to the Krotz Springs refinery for funding under the Inventory