Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 42

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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31, 2024.(2)As of September 30, 2025, and December 31, 2024, we had open RINs commitment contracts representing 862,100,000 and 36,000,000 RINs, respectively. (3)As of September 30, 2025, and December 31, 2024, $8.0 million and $7.5 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 condensed consolidated statements of income are as follows (in millions) (3):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Gains on hedging derivatives not designated as hedging instruments recognized in cost of materials and other (1)$18.8 $34.3 $30.8 $5.1 Gains (losses) on interest rate derivatives not designated as hedging instruments recognized in interest expense, net (2)0.5 (4.1)(2.3)(4.1)Total gains (losses)$19.3 30.2 $28.5 $1.0 (1) Gains (losses) on commodity derivatives that are economic hedges but not designated as hedging instruments include unrealized (losses) of $5.8 million and $1.1 million for the  three and nine months ended September 30, 2025, respectively, and  $8.0 million and $(1.3) million for the three and  nine months ended September 30, 2024, respectively.(2) Losses on interest rate derivatives that are economic hedges but not designated as hedging instruments include unrealized losses of $(0.1) million and $(5.3) million for the three and nine September 30, 2025, respectively, and $(5.2) million for the three and nine ended September 30, 2024. (3)    See the separate table below for disclosures about "trading derivatives".Total gains (losses) on our trading derivatives (none of which were designated as hedging instruments) recorded in other operating income, net on the condensed consolidated statements of income are as follows (in millions): Three Months Ended September 30,Nine Months