Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 13

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 13
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4.93 92.6 2025(0.7)10.52 77.4 (0.8)14.55 19.0 2026(0.5)17.11 7.9 (0.5)16.36 4.1 2027(0.2)15.53 3.7 (0.2)12.44 1.2 2028(0.2)18.01 1.2 (0.1)14.61 0.9 2029(0.1)17.29 0.6 0.1 14.26 0.5 Thereafter0.1 20.17 2.7 — — — 93.5 118.5 Total commodity derivative contracts$88.9 $122.7 

Foreign Currency Exchange Risk

We hedge our exposure to currency exchange rate changes, such as foreign-currency-denominated trade receivables, payables, or local currency tax payments. The foreign currency exchange rate risk results primarily from our international operations and is economically hedged using forward and swap contracts. The changes in the fair value of these foreign currency exchange derivatives are recorded in earnings. Since the gains or losses on the forward and swap contracts are substantially offset by the gains or losses from remeasuring the hedged foreign-currency-denominated exposure, we do not believe that a hypothetical 10% change in exchange rates at December 31, 2024 would have a material impact on our income from operations.

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Table of Contents

As of December 31, 2024, the foreign currency denominated notional amounts and fair value in U.S. dollars of our exposures from our foreign currency exchange derivatives, were primarily related to the following (in millions, except weighted average contract price):

Settlement PeriodUnitNotional Net Long/(Short)Weighted AverageContract PriceFair Value Amount2025AUD(9.8)0.667 $0.5 2025CAD(79.0)1.384 3.0 2025CHF(3.2)0.849 0.2 2025CLP1,507.2 967.914 0.2 2025COP(94,759.5)4,352.445 0.7 2025CZK(35.4)23.070