Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 294

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 294
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 other current assets is as follows (in millions):Other Current AssetsDecember 31, 2024December 31, 2023Prepaid expenses$69.2 $47.4 Short-term derivative assets (see Note 12)8.8 1.3 Income and other tax receivables6.7 15.5 Investment commodities— 4.0 Other0.8 9.6 Total$85.5 $77.8 The detail of accrued expenses and other current liabilities is as follows (in millions):Accrued Expenses and Other Current LiabilitiesDecember 31, 2024December 31, 2023Crude purchase liabilities$193.9 $190.7 Product financing agreements185.9 224.2 Income and other taxes payable101.1 163.2 Employee costs43.2 64.7 Consolidated Net RINs Obligation deficit (see Note 13)30.6 39.6 Deferred revenue6.9 15.7 Short-term derivative liabilities (see Note 12)5.6 3.9 Other82.3 62.3 Total$649.5 $764.3 

20. 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 $10.4 million and $0.9 million as of December 31, 2024 and December 31, 2023, respectively. During the year ended December 31, 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, $0.4 million of severance and benefit expenses were recognized in the year ended  December 31, 2024. During the year ended December 31, 2024, we made