2021 Q4 Form 10-K Financial Statement

#000157351622000006 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $4.767B $17.36B $2.861B
YoY Change 66.63% 54.12% -17.32%
Cost Of Revenue $4.277B $15.51B $2.544B
YoY Change 68.11% 57.94% -19.78%
Gross Profit $490.0M $1.849B $316.7M
YoY Change 54.72% 28.13% 9.66%
Gross Profit Margin 10.28% 10.65% 11.07%
Selling, General & Admin $65.30M $193.6M $45.30M
YoY Change 44.15% 13.15% 6.34%
% of Gross Profit 13.33% 10.47% 14.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $55.10M $211.6M $41.50M
YoY Change 32.77% 32.25% 8.07%
% of Gross Profit 11.24% 11.44% 13.1%
Operating Expenses $329.5M $193.6M $222.5M
YoY Change 48.09% 13.15% 3.34%
Operating Profit $160.5M $604.0M $94.20M
YoY Change 70.38% 8.05% 28.16%
Interest Expense -$20.20M $82.40M -$12.50M
YoY Change 61.6% 60.94% 4.17%
% of Operating Profit -12.59% 13.64% -13.27%
Other Income/Expense, Net $200.0K -$82.10M $800.0K
YoY Change -75.0% 64.53% 100.0%
Pretax Income $140.9M $521.9M $80.70M
YoY Change 74.6% 2.51% 30.37%
Income Tax $32.10M $125.0M $19.70M
% Of Pretax Income 22.78% 23.95% 24.41%
Net Earnings $108.8M $396.9M $61.00M
YoY Change 78.36% 2.8% 28.15%
Net Earnings / Revenue 2.28% 2.29% 2.13%
Basic Earnings Per Share $15.14
Diluted Earnings Per Share $4.222M $14.92 $2.148M
COMMON SHARES
Basic Shares Outstanding 26.21M shares
Diluted Shares Outstanding 26.60M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $256.4M $256.4M $163.6M
YoY Change 56.72% 56.72% -41.63%
Cash & Equivalents $256.4M $256.4M $163.6M
Short-Term Investments $0.00
Other Short-Term Assets $23.40M $23.40M $13.70M
YoY Change 70.8% 70.8% -54.33%
Inventory $292.3M $292.3M $279.1M
Prepaid Expenses $23.40M $13.70M
Receivables $195.7M $195.7M $168.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $767.8M $767.8M $625.2M
YoY Change 22.81% 22.81% -12.04%
LONG-TERM ASSETS
Property, Plant & Equipment $2.798B $2.798B $2.015B
YoY Change 38.82% 38.82% 11.51%
Goodwill $328.0M $0.00
YoY Change
Intangibles $140.7M $34.60M
YoY Change 306.65%
Long-Term Investments
YoY Change
Other Assets $14.10M $14.10M $10.60M
YoY Change 33.02% -68.81% -93.73%
Total Long-Term Assets $3.280B $3.280B $2.061B
YoY Change 59.2% 59.2% 4.26%
TOTAL ASSETS
Total Short-Term Assets $767.8M $767.8M $625.2M
Total Long-Term Assets $3.280B $3.280B $2.061B
Total Assets $4.048B $4.048B $2.686B
YoY Change 50.73% 50.73% -0.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $392.5M $392.5M $261.0M
YoY Change 50.38% 50.38% -7.05%
Accrued Expenses $267.8M $267.8M $210.1M
YoY Change 27.46% 27.46% 13.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $15.00M $51.20M
YoY Change -70.7% -70.7% 31.96%
Total Short-Term Liabilities $675.3M $675.3M $531.1M
YoY Change 27.15% 27.15% 5.17%
LONG-TERM LIABILITIES
Long-Term Debt $1.800B $1.800B $951.2M
YoY Change 89.25% 89.25% -4.81%
Other Long-Term Liabilities $448.1M $448.1M $177.6M
YoY Change 152.31% 152.31% 17.38%
Total Long-Term Liabilities $2.248B $2.248B $1.129B
YoY Change 99.17% 99.17% -1.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $675.3M $675.3M $531.1M
Total Long-Term Liabilities $2.248B $2.248B $1.129B
Total Liabilities $3.241B $3.241B $1.902B
YoY Change 70.44% 70.44% 0.92%
SHAREHOLDERS EQUITY
Retained Earnings $2.112B $1.743B
YoY Change 21.19% 27.9%
Common Stock $500.0K $500.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.839B $1.491B
YoY Change 23.37% 35.56%
Treasury Stock Shares 21.83M shares 19.52M shares
Shareholders Equity $807.2M $807.2M $784.1M
YoY Change
Total Liabilities & Shareholders Equity $4.048B $4.048B $2.686B
YoY Change 50.73% 50.73% -0.06%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $108.8M $396.9M $61.00M
YoY Change 78.36% 2.8% 28.15%
Depreciation, Depletion And Amortization $55.10M $211.6M $41.50M
YoY Change 32.77% 32.25% 8.07%
Cash From Operating Activities $150.4M $737.4M $95.90M
YoY Change 56.83% 30.81% 55.43%
INVESTING ACTIVITIES
Capital Expenditures -$63.10M -$274.7M -$61.30M
YoY Change 2.94% 19.07% 19.96%
Acquisitions $641.1M
YoY Change
Other Investing Activities $2.600M $1.800M $300.0K
YoY Change 766.67% 5.88%
Cash From Investing Activities -$60.50M -$914.2M -$61.00M
YoY Change -0.82% 307.58% 19.37%
FINANCING ACTIVITIES
Cash Dividend Paid $27.30M
YoY Change 295.65%
Common Stock Issuance & Retirement, Net $355.0M
YoY Change -11.16%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -134.8M $269.6M -188.8M
YoY Change -28.6% -159.11% -958.18%
NET CHANGE
Cash From Operating Activities 150.4M $737.4M 95.90M
Cash From Investing Activities -60.50M -$914.2M -61.00M
Cash From Financing Activities -134.8M $269.6M -188.8M
Net Change In Cash -44.90M $92.80M -153.9M
YoY Change -70.83% -179.52% -572.09%
FREE CASH FLOW
Cash From Operating Activities $150.4M $737.4M $95.90M
Capital Expenditures -$63.10M -$274.7M -$61.30M
Free Cash Flow $213.5M $1.012B $157.2M
YoY Change 35.81% 27.4% 39.36%

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15.14
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
13.25
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.90
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
14.92
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
13.08
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.86
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26210000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29132000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31594000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29526000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31858000 shares
CY2021 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
2041700000 USD
CY2020 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
1760000000 USD
CY2019 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
1933300000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
396900000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
386100000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
154800000 USD
CY2021 musa Other Comprehensive Income Loss Cash Flow Hedge Fair Value Portion Attributableto Parent
OtherComprehensiveIncomeLossCashFlowHedgeFairValuePortionAttributabletoParent
0 USD
CY2020 musa Other Comprehensive Income Loss Cash Flow Hedge Fair Value Portion Attributableto Parent
OtherComprehensiveIncomeLossCashFlowHedgeFairValuePortionAttributabletoParent
0 USD
CY2019 musa Other Comprehensive Income Loss Cash Flow Hedge Fair Value Portion Attributableto Parent
OtherComprehensiveIncomeLossCashFlowHedgeFairValuePortionAttributabletoParent
100000 USD
CY2021 musa Other Comprehensive Income Loss Cash Flow Hedge Realized Gain Loss Before Reclassificationand Tax
OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossBeforeReclassificationandTax
-100000 USD
CY2020 musa Other Comprehensive Income Loss Cash Flow Hedge Realized Gain Loss Before Reclassificationand Tax
OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossBeforeReclassificationandTax
-900000 USD
CY2019 musa Other Comprehensive Income Loss Cash Flow Hedge Realized Gain Loss Before Reclassificationand Tax
OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossBeforeReclassificationandTax
200000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
100000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-3400000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
1000000.0 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-100000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-900000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
200000 USD
CY2021 musa Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfGainLossReclassificationBeforeTax
-900000 USD
CY2020 musa Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfGainLossReclassificationBeforeTax
0 USD
CY2019 musa Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfGainLossReclassificationBeforeTax
0 USD
CY2021 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
1000000.0 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-3400000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
900000 USD
CY2021 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
300000 USD
CY2020 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-800000 USD
CY2019 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
200000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
700000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2600000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
700000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
397600000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
383500000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
155500000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
396900000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
386100000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
154800000 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
212600000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
161000000.0 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
152200000 USD
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
19000000.0 USD
CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
2500000 USD
CY2019 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
23700000 USD
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-14800000 USD
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2500000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2300000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2100000 USD
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1500000 USD
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1300000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
100000 USD
CY2021 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-82800000 USD
CY2020 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
13100000 USD
CY2019 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
48700000 USD
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
25100000 USD
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
26200000 USD
CY2019 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
14500000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
737400000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
563700000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
313300000 USD
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
274700000 USD
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
230700000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
204800000 USD
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
641100000 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3400000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8100000 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2500000 USD
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1800000 USD
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1700000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
800000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-914200000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-224300000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-203100000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
355000000.0 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
399600000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
165800000 USD
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
27300000 USD
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
6900000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2021 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
224300000 USD
CY2020 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
38900000 USD
CY2019 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
573400000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
892800000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
743800000 USD
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2020 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2019 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
10400000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9900000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4100000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6700000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10700000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4500000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
269600000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-456100000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14400000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
92800000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-116700000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
95800000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163600000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
280300000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
184500000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
256400000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163600000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
280300000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
807300000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
154800000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
700000 USD
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
165800000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2019 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4500000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10500000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
803000000.0 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
386100000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2600000 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2020 us-gaap Dividends Common Stock
DividendsCommonStock
6900000 USD
CY2020 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
0 USD
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
399600000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-500000 USD
CY2020 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
10700000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14200000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
784100000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
396900000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
700000 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.04
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
27300000 USD
CY2021 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
0 USD
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
355000000.0 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
100000 USD
CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
6700000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14400000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
807200000 USD
CY2013Q3 musa Percentage Of Shares Of Stock Distributed
PercentageOfSharesOfStockDistributed
1
CY2013Q3 us-gaap Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
0
CY2021Q4 us-gaap Number Of Stores
NumberOfStores
1679 store
CY2021Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
27 state
CY2021 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
2000000000 USD
CY2020 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
1800000000 USD
CY2019 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
1900000000 USD
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2100000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1400000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1400000 USD
CY2021 musa Likekind Exchange Transaction Required Termto Facilitate Forward Agreement Before Proceedsare Reclassifiedas Available Cash
LikekindExchangeTransactionRequiredTermtoFacilitateForwardAgreementBeforeProceedsareReclassifiedasAvailableCash
P180D
CY2021 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
IMPAIRMENT OF ASSETS – Long-lived assets, which include property and equipment, and finite-lived and indefinite-lived intangible assets, are tested for recoverability whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. A long-lived asset is not recoverable if its carrying amount exceeds the sum of the undiscounted cash flows expected to result from its use and eventual disposition. If a long-lived asset is not recoverable, an impairment loss is recognized for the amount by which the carrying amount of the long-lived asset exceeds its fair value, with fair value determined based on discounted estimated net cash flows or other appropriate methods.
CY2021 us-gaap Use Of Estimates
UseOfEstimates
USE OF ESTIMATES – In preparing the financial statements of the Company in conformity with U.S. GAAP, management has made a number of estimates and assumptions related to the reporting of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities. Actual results may differ from the estimates. On an ongoing basis, we review our estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
17360500000 USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
11264300000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
14034600000 USD
CY2021 musa Contract With Customer Loyalty Program Expiration Period
ContractWithCustomerLoyaltyProgramExpirationPeriod
P90D
CY2021Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
339800000 USD
CY2020Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
223000000.0 USD
CY2021Q4 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
173100000 USD
CY2020Q4 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
152000000.0 USD
CY2021Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
228000000.0 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
101300000 USD
CY2021Q4 musa Total Inventory
TotalInventory
284900000 USD
CY2020Q4 musa Total Inventory
TotalInventory
273700000 USD
CY2021 us-gaap Depreciation
Depreciation
211600000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1867600000 USD
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
7400000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
5400000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
292300000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
279100000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
3751800000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2378400000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
3059000000 USD
CY2020 us-gaap Depreciation
Depreciation
160000000 USD
CY2019 us-gaap Depreciation
Depreciation
151200000 USD
CY2021Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
0 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
328000000.0 USD
CY2021Q4 us-gaap Goodwill
Goodwill
328000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
30500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
39600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
34600000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
115600000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
115600000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
146100000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
140700000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
39600000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
34600000 USD
CY2021Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
392500000 USD
CY2020Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
261000000.0 USD
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
93600000 USD
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
84100000 USD
CY2021Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
46200000 USD
CY2020Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
30300000 USD
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
41400000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
31700000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
36500000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
32500000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
50100000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
31500000 USD
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
660300000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
471100000 USD
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
11100000 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
4400000 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1002400000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
15000000.0 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
51200000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1800100000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
951200000 USD
CY2021Q4 musa Debt Instrument Covenant Compliance Fixed Charge Coverage Ratio
DebtInstrumentCovenantComplianceFixedChargeCoverageRatio
2.2
CY2021Q4 musa Line Of Credit Facility Dividend Restriction Shortfall Of Net Income And Retained Earnings
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112700000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
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35100000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
32800000 USD
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1200000 USD
CY2020 musa Asset Retirement Obligation Additional Acquired
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CY2021 us-gaap Asset Retirement Obligation Accretion Expense
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2500000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
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2300000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
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1000000.0 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
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800000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
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1400000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Incurred
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800000 USD
CY2021Q4 us-gaap Asset Retirement Obligation
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39200000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
35100000 USD
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521900000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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509100000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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202400000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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86200000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
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96000000.0 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
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15600000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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14400000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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4700000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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21700000 USD
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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24400000 USD
CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
22300000 USD
CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
10300000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
125000000.0 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
123000000.0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47600000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
109600000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
106900000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
42500000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
19200000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
17500000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8600000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2200000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1900000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2300000 USD
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-1600000 USD
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
500000 USD
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-1200000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
125000000.0 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
123000000.0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47600000 USD
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
5200000 USD
CY2020Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
4500000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6300000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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8600000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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8000000.0 USD
CY2021Q4 musa Deferred Tax Asset Operating Lease Right Of Use Asset
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89700000 USD
CY2020Q4 musa Deferred Tax Asset Operating Lease Right Of Use Asset
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31600000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
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11800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
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7200000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
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121600000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
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51300000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
285400000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
213200000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
31700000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
20200000 USD
CY2021Q4 musa Deferred Tax Liabilities Operating Lease Right Of Use Asset
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAsset
88000000.0 USD
CY2020Q4 musa Deferred Tax Liabilities Operating Lease Right Of Use Asset
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAsset
31000000.0 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
12400000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
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5300000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
417500000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
269700000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
295900000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
218400000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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400000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
600000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
300000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
100000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
300000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
200000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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500000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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400000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
400000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
300000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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4900000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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2200000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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100000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14400000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14300000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10500000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3000000.0 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3000000.0 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2200000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
21100000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M18D
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
300000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
700000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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100000 USD
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322700 shares
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79.60
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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85500 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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126.71
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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28250 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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68.88
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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13850 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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105.84
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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366100 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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90.44
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y2M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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39800000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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167950 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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70.13
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
21700000 USD
CY2021Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
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366100 shares
CY2021 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
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P4Y2M12D
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167950 shares
CY2021 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
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P3Y
CY2021Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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600000 USD
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2398477 shares
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
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355000000 USD
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
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148.00
CY2019 us-gaap Treasury Stock Shares Acquired
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1898023 shares
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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165800000 USD
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
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87.35
CY2020 us-gaap Treasury Stock Shares Acquired
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3338028 shares
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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399600000 USD
CY2020 us-gaap Treasury Stock Acquired Average Cost Per Share
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119.70
CY2021 us-gaap Net Income Loss
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396900000 USD
CY2020 us-gaap Net Income Loss
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386100000 USD
CY2019 us-gaap Net Income Loss
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154800000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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26210000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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29132000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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31594000 shares
CY2021 us-gaap Earnings Per Share Basic
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15.14
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
13.25
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.90
CY2021 us-gaap Net Income Loss
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396900000 USD
CY2020 us-gaap Net Income Loss
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386100000 USD
CY2019 us-gaap Net Income Loss
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154800000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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26210000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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29132000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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31594000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
394000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
394000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
264000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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26604000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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29526000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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31858000 shares
CY2021 us-gaap Earnings Per Share Diluted
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14.92
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
13.08
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.86
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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82062 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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95737 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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95443 shares
CY2021 us-gaap Income Taxes Paid Net
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120400000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
96500000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
26900000 USD
CY2021 us-gaap Interest Paid Net
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70800000 USD
CY2020 us-gaap Interest Paid Net
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49100000 USD
CY2019 us-gaap Interest Paid Net
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56600000 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
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18900000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
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-4900000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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33400000 USD
CY2021 us-gaap Increase Decrease In Inventories
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-11100000 USD
CY2020 us-gaap Increase Decrease In Inventories
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51700000 USD
CY2019 us-gaap Increase Decrease In Inventories
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6100000 USD
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3600000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-16600000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3300000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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102900000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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8300000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-5900000 USD
CY2021 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-8700000 USD
CY2020 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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8800000 USD
CY2019 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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0 USD
CY2021 us-gaap Increase Decrease In Operating Capital
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-82800000 USD
CY2020 us-gaap Increase Decrease In Operating Capital
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13100000 USD
CY2019 us-gaap Increase Decrease In Operating Capital
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48700000 USD
CY2021 musa General Liability Insurance Deductible
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3000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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44400000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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44000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
43600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
42600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
41900000 USD
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
48700000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
24900000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
21600000 USD
CY2021 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
Contingencies <div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s operations and earnings have been and may be affected by various forms of governmental action. Examples of such governmental action include, but are by no means limited to: tax increases and retroactive tax claims; import and export controls; price controls; allocation of supplies of crude oil and petroleum products and other goods; laws and regulations intended for the promotion of safety and the protection and/or remediation of the environment; governmental support for other forms of energy; and laws and regulations affecting the Company’s relationships with employees, suppliers, customers, stockholders and others. Because governmental actions are often motivated by political considerations, may be taken without full consideration of their consequences, and may </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">be taken in response to actions of other governments, it is not practical to attempt to predict the likelihood of such actions, the form the actions may take or the effect such actions may have on the Company.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ENVIRONMENTAL MATTERS AND LEGAL MATTERS — Murphy USA is subject to numerous federal, state and local laws and regulations dealing with the environment. Violation of such environmental laws, regulations and permits can result in the imposition of significant civil and criminal penalties, injunctions and other sanctions. A discharge of hazardous substances into the environment could, to the extent such event is not insured, subject the </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company to substantial expense, including both the cost to comply with applicable regulations and claims by neighboring landowners and other third parties for any personal injury, property damage and other losses that might result.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company currently owns or leases, and has in the past owned or leased, properties at which hazardous substances have been or are being handled. Although the Company believes it has used operating and disposal practices that were standard in the industry at the time, hazardous substances may have been disposed of or released on or under the properties owned or leased by the Company or on or under other locations where they have been taken for disposal. In addition, many of these properties have been operated by third parties whose management of hazardous substances was not under the Company’s control. Under existing laws, the Company could be required to remediate contaminated property (including contaminated groundwater) or to perform remedial actions to prevent future contamination. Certain of these contaminated properties are in various stages of negotiation, investigation, and/or cleanup, and the Company is investigating the extent of any related liability and the availability of applicable defenses. With the sale of the U.S. refineries in 2011, Murphy Oil retained certain liabilities related to environmental matters. Murphy Oil also obtained insurance covering certain levels of environmental exposures. With respect to the previously owned refinery properties, Murphy Oil retained those liabilities in the Separation and Distribution agreement that was entered into related to the separation on August 30, 2013.  With respect to any remaining potential liabilities, the Company believes costs related to these properties will not have a material adverse effect on Murphy USA’s net income, financial position or liquidity in a future period.</span></div><div style="text-indent:45pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain environmental expenditures are likely to be recovered by the Company from other sources, primarily environmental funds maintained by certain states. Since no assurance can be given that future recoveries from other sources will occur, the Company has not recorded a benefit for likely recoveries at December 31, 2021, however certain jurisdictions provide reimbursement for these expenses which have been considered in recording the net exposure. The U.S. Environmental Protection Agency (EPA) currently considers the Company a Potentially Responsible Party (PRP) at one Superfund site.  As to the site, the potential total cost to all parties to perform necessary remedial work at this site may be substantial. However, based on current negotiations and available information, the Company believes that it is a de minimis party as to ultimate responsibility at the Superfund site. Accordingly, the Company has not recorded a liability for remedial costs at the Superfund site at December 31, 2021. The Company could be required to bear a pro rata share of costs attributable to nonparticipating PRPs or could be assigned additional responsibility for remediation at this site or other Superfund sites. The Company believes that its share of the ultimate costs to clean-up this site will be immaterial and will not have a material adverse effect on its net income, financial position or liquidity in a future period.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Based on information currently available to the Company, the amount of future remediation costs to be incurred to address known contamination sites is not expected to have a material adverse effect on the Company’s future net income, cash flows or liquidity. However, there is the possibility that additional environmental expenditures could be required to address contamination, including as a result of discovering additional contamination or the imposition of new or revised requirements applicable to known contamination.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">  </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Murphy USA is engaged in a number of other legal proceedings, all of which the Company considers routine and incidental to its business. Currently, the City of Charleston, South Carolina and the state of Delaware have filed lawsuits against energy companies, including the Company. These lawsuits allege damages as a result of climate change and the plaintiffs are seeking unspecified damages and abatement under various tort theories. At this early stage, the ultimate outcome of these matters remain uncertain, and neither the likelihood of an unfavorable outcome nor the ultimate liability, if any, can be determined. Based on information currently available to the Company, the ultimate resolution of those other legal matters is not expected to have a material adverse effect on the Company’s net income, financial condition or liquidity in a future period.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">INSURANCE — The Company maintains insurance coverage at levels that are customary and consistent with industry standards for companies of similar size. Murphy USA maintains statutory workers compensation insurance with a deductible of $1.0 million per occurrence, general liability insurance with a deductible of $3.0 million per </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">occurrence, and auto liability insurance with a deductible of $0.3 million per occurrence. As of December 31, 2021, there were a number of outstanding claims that are of a routine nature. The estimated incurred but unpaid liabilities relating to these claims are included in Trade account payables and accrued liabilities on the Consolidated Balance Sheets. While the ultimate outcome of these claims cannot presently be determined, management believes that the accrued liability of $39.4 million will be sufficient to cover the related liability and that the ultimate disposition of these claims will have no material effect on the Company’s financial position and results of operations.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has obtained insurance coverage as appropriate for the business in which it is engaged, but may incur losses that are not covered by insurance or reserves, in whole or in part, and such losses could adversely affect our results of operations and financial position.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TAX MATTERS — Murphy USA is subject to extensive tax liabilities imposed by multiple jurisdictions, including income taxes, indirect taxes (excise/duty, sales/use and gross receipts taxes), payroll taxes, franchise taxes, withholding taxes and ad valorem taxes. New tax laws and regulations and changes in existing tax laws and regulations are continuously being enacted or proposed that could result in increased expenditures for tax liabilities in the future. Many of these liabilities are subject to periodic audits by the respective taxing authority. Subsequent changes to our tax liabilities because of these audits may subject us to interest and penalties.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">OTHER MATTERS — In the normal course of its business, the Company is required under certain contracts with various governmental authorities and others to provide financial guarantees or letters of credit that may be drawn upon if the Company fails to perform under those contracts. At December 31, 2021, the Company had contingent liabilities of $10.1 million on outstanding letters of credit. The Company has not accrued a liability in its balance sheet related to these financial guarantees and letters of credit because it is believed that the likelihood of having these drawn is remote.</span></div>
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