Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 276

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 276
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2024 and December 31, 2023. The fair value amounts below are presented on a gross basis and do not reflect the netting of asset and liability positions permitted under our master netting arrangements, including cash collateral on deposit with our counterparties. We have elected to offset the recognized fair value amounts for multiple derivative instruments executed with the same counterparty in our financial statements. As a result, the asset and liability amounts below differ from the amounts presented in our consolidated balance sheets. See Note 13 for further information regarding the fair value of derivative instruments (in millions).

F-37 |

December 31, 2024December 31, 2023Derivative TypeBalance Sheet LocationAssetsLiabilitiesAssetsLiabilitiesDerivatives not designated as hedging instruments:Commodity derivatives (1)Other current assets$19.5 $(22.0)$6.6 $(7.1)Commodity derivatives (1)Other current liabilities5.4 (5.4)— (0.8)RINs commitment contracts (2)Other current assets0.3 — — — RINs commitment contracts (2)Other current liabilities— (5.6)— (3.1)Interest rate swap derivativesOther current assets3.5 — — — Interest rate swap derivativesOther long-term liabilities4.8 (5.1)— — Total gross fair value of derivatives33.5 (38.1)6.6 (11.0)Less: Counterparty netting and cash collateral (3)19.9 (27.4)5.3 (7.1)Total net fair value of derivatives$13.6 $(10.7)$1.3 $(3.9)(1)As of December 31, 2024 and December 31, 2023, we had open derivative positions representing 18,471,700 and 55,336,870 barrels, respectively, of crude oil and refined petroleum products.  Additionally, as of December 31, 2024, we had open derivative positions representing 1,495,000 million British Thermal Units ("MMBTU")  of natural gas products. We had no open derivative positions of natural gas products as of December 31, 2023.(2)As of December 31, 2024 and December 31, 2023, we had open RINs commitment contracts representing 36,