Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 79

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 79
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 rate contract:Amount of gains (losses) reclassified from Accumulated other comprehensive income (loss) into Net income (loss)— — 14.5 — — 14.0 — — (4.2)Total amount of income and expense line items excluding the impact of hedges$42,171.4 $41,148.9 $116.7 $47,710.4 $46,656.7 $141.7 $59,207.7 $57,948.6 $106.5 The following table presents, on a pre-tax basis, the amounts not recorded in Accumulated other comprehensive income (loss) due to intra-period settlement but recognized in Revenue and Cost of revenue in our Consolidated Statements of Income and Comprehensive Income (in millions):Gain (Loss) Not Recorded in Accumulated other comprehensive income (loss) Due to Intra-Period SettlementYear Ended December 31,Location202420232022Commodity contractsRevenue$5.6 $(1.5)$(134.5)Commodity contractsCost of revenue$(15.4)$(0.3)$10.7 For the years ended December 31, 2024, 2023 and 2022, there were no gains or losses recognized in earnings related to our fair value or cash flow hedges that were excluded from the assessment of hedge effectiveness.As of December 31, 2024, on a pre-tax basis, $2.6 million and $0.8 million is scheduled to be reclassified from Accumulated other comprehensive loss over the next twelve months as a decrease to Revenue and a decrease to Cost of revenue, respectively, related to designated commodity cash flow hedges that will mature within the next twelve months.

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The following tables present the effect and financial statement location of our derivative instruments in cash flow hedging relationships on Accumulated other comprehensive income (loss) and in our Consolidated Statements of Income and Comprehensive Income (in millions):Amount of Gain (Loss) Recognized in Accumulated other comprehensive income (loss), Net of Income Tax (Expense) BenefitYear Ended December 31,202420232022Commodity contracts (Revenue)$(4.3)$— $(114.7)Commodity contracts (Cost of revenue)5.6 (0.7)2.1 Interest rate contracts (Interest expense and other financing costs, net)1.9 3.