Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 78

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 78
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 379.2 676.8 Total derivatives$499.6 $840.7 $401.6 $697.8 For information regarding our derivative instruments measured at fair value after netting and collateral, see Note 5. Fair Value Measurements.The following amounts were recorded within our Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges (in millions):Line Item in the Consolidated Balance Sheets in Which the Hedged Item is IncludedCarrying Amount of Hedged Asset/(Liabilities)Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Asset/(Liabilities)As of December 31,As of December 31,2024202320242023Inventory$95.2 $55.3 $3.8 $(1.3)

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Table of Contents

Earnings and Other Comprehensive Income (Loss)Derivatives Designated as Hedging InstrumentsThe following table presents, on a pre-tax basis, the location and amount of gains (losses) on fair value and cash flow hedges recognized in income in our Consolidated Statements of Income and Comprehensive Income (in millions):For the Year Ended December 31,202420232022RevenueCost of revenueInterest expense and other financing costs, netRevenueCost of revenueInterest expense and other financing costs, netRevenueCost of revenueInterest expense and other financing costs, netTotal amounts of income and expense line items in which the effects of fair value or cash flow hedged are recorded$42,168.0 $41,141.6 $102.2 $47,710.6 $46,652.4 $127.7 $59,043.1 $57,954.1 $110.6 Gains (losses) on fair value hedge relationships:Commodity contracts:Hedged item— 5.4 — — 0.8 — — 43.9 — Derivatives designated as hedging instruments— (4.1)— — 3.4 — — (52.0)— Gains (losses) on cash flow hedge relationships:Commodity contracts:Amount of gains (losses) reclassified from Accumulated other comprehensive income (loss) into Net income (loss)(3.4)6.1 — 0.2 — — (164.5)2.6 — Interest