Company: WKC
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001628280-25-019852
Chunk: 77

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 comprehensive income (loss) due to intra-period settlement but recognized in Revenue and Cost of revenue in our Condensed Consolidated Statements of Income and Comprehensive Income (in millions):Gain (Loss) Not Recorded in Accumulated other comprehensive income (loss) Due to Intra-Period SettlementLocationFor the Three Months Ended March 31,20252024Commodity contractsRevenue$5.6 $0.4 Commodity contractsCost of revenue$1.7 $(1.7)For the three months ended March 31, 2025 and 2024, 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 March 31, 2025, on a pre-tax basis, $2.1 million and $0.3 million is scheduled to be reclassified from Accumulated other comprehensive income (loss) over the next twelve months as a decrease to Revenue and an increase to Cost of revenue, respectively, related to designated commodity cash flow hedges that will mature within the next twelve months.

9

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 Condensed 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) BenefitFor the Three Months Ended March 31,20252024Commodity contracts (Revenue)$0.6 $(0.1)Commodity contracts (Cost of revenue)(1.5)(0.2)Interest rate contracts (Interest expense and other financing costs, net)— 1.7 Total gain (loss)$(0.8)$1.3 Amount of Gain (Loss) Reclassified from Accumulated other comprehensive income (loss) into Net income (loss), Net of Income Tax (Expense) BenefitFor the Three Months Ended March 31,Location20252024Commodity contractsRevenue$0.2 $— Commodity contractsCost of revenue(0.6)(0.3)Interest rate contractsInterest expense and other financing costs, net2.1 2.7 Total gain (loss)$1.8 $2.4 Derivatives Not Designated as Hedging InstrumentsThe following table presents the amount and financial statement location in our Condensed Consolidated Statements of Income and Comprehensive Income of realized and