Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 277

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 277
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000,000 and 41,636,461 RINs, respectively. (3)As of December 31, 2024 and December 31, 2023, $7.5 million and $1.8 million, respectively, of cash collateral held by counterparties has been netted with the derivatives with each counterparty. Total gains (losses) on our non-trading commodity derivatives and RINs commitment contracts recorded in the consolidated statements of income are as follows (in millions) (3):Year Ended December 31,202420232022Losses on hedging derivatives not designated as hedging instruments recognized in cost of materials and other (1)$(9.4)$(68.6)$(38.0)Gains on interest rate derivatives not designated as hedging instruments recognized in interest expense, net (2)6.0 — — (Losses) gains on non-trading physical forward contract commodity derivatives in cost of materials and other— (2.4)9.0 Losses on hedging derivatives not designated as hedging instruments recognized in operating expenses— — (1.7)Total losses$(3.4)$(71.0)$(30.7)(1) Losses on commodity derivatives that are economic hedges but not designated as hedging instruments include unrealized losses of  $(1.4) million, $(15.3) million and $(15.4) million for the years ended December 31, 2024, 2023, and 2022, respectively.(2) Gains on interest rate derivatives that are economic hedges but not designated as hedging instruments include unrealized gains of $3.2 million for the year ended December 31, 2024. There were no unrealized gains (losses) on interest rate derivatives that are economic hedges, but not designated as hedging instruments for the years ended December 31, 2023, and 2022, respectively.(3)    See separate table below for disclosures about "trading derivatives".

F-38 |

Total gains (losses) on our trading derivatives (none of which were designated as hedging instruments) recorded in other operating income, net on the consolidated statements of income are as follows (in millions): Year Ended December 31,202420232022Trading Physical Forward Contract Commodity DerivativesRealized (losses) gains$(0.1)$8.3 $16