Company: WKC
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001628280-25-019852
Chunk: 32

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 2025Gross Amounts RecognizedGross Amounts OffsetNet Amounts PresentedCash CollateralGross Amounts without Right of OffsetNet AmountsAssets:Commodities contracts$505.4 $271.6 $233.9 $8.7 $— $225.1 Foreign currency contracts13.5 12.5 0.9 — — 0.9 Total assets at fair value$518.9 $284.1 $234.8 $8.7 $— $226.1 Liabilities:Commodities contracts$414.9 $271.6 $143.3 $23.5 $— $119.8 Foreign currency contracts21.2 12.5 8.6 — — 8.6 Total liabilities at fair value$436.1 $284.1 $151.9 $23.5 $— $128.4 Fair Value as of December 31, 2024Gross Amounts RecognizedGross Amounts OffsetNet Amounts PresentedCash CollateralGross Amounts without Right of OffsetNet AmountsAssets:Commodities contracts$467.6 $253.2 $214.4 $0.1 $— $214.3 Interest rate contract2.9 — 2.9 — — 2.9 Foreign currency contracts29.1 20.7 8.5 — — 8.5 Total assets at fair value$499.6 $273.9 $225.8 $0.1 $— $225.6 Liabilities:Commodities contracts$378.7 $253.2 $125.5 $12.1 $— $113.4 Foreign currency contracts22.9 20.7 2.3 — — 2.3 Total liabilities at fair value$401.6 $273.9 $127.8 $12.1 $— $115.6 At March 31, 2025 and December 31, 2024, we did not present any amounts gross on our Condensed Consolidated Balance Sheets where we had the right of offset.

Concentration of Credit RiskOur individual over-the-counter ("OTC") counterparty exposure