Company: WKC
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000789460-25-000030
Chunk: 102

Company: WORLD KINECT CORP
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 102
---
.6)$(27.4)$(25.6)$(153.7)

Credit-Risk-Related Contingent FeaturesWe enter into derivative contracts which may require us to post collateral periodically. Certain of these derivative contracts contain credit-risk-related contingent clauses which are triggered by credit events, such as a credit downgrade or if certain defined financial ratios fall below an established threshold. The occurrence of these credit events may require us to post additional collateral or immediately settle the derivative instrument.The following table presents the potential collateral requirements for derivative liabilities with credit-risk-contingent features (in millions):September 30, 2025December 31, 2024Net derivative liability positions with credit contingent features$16.1 $40.9 Collateral posted and held by our counterparties(0.4)— Maximum additional potential collateral requirements$15.7 $40.9 

6. Fair Value MeasurementsThe carrying amounts of cash and cash equivalents, net accounts receivable, accounts payable and accrued expenses and other current liabilities approximate fair value based on their short-term maturities. With the exception of the Convertible Notes, as discussed in Note 8. Debt, Interest Income, Expense, and Other Finance Costs, the carrying values of our debt and notes receivable approximate fair value as these instruments bear interest either at variable rates or fixed rates, which are not significantly different from market rates. The fair value measurements for our debt and notes receivable are considered to be Level 2 measurements based on the fair value hierarchy.

13

Recurring Fair Value MeasurementsThe following tables present information about our gross assets and liabilities that are measured at fair value on a recurring basis (in millions):Fair Value Measurements as of September 30, 2025Level 1 InputsLevel 2 InputsLevel 3 InputsTotalAssets:Commodities contracts$131.1 $224.2 $14.1 $369.3 Foreign currency contracts— 13.6 — 13.6 Cash surrender value of life insurance— 20.9 — 20.9 Total assets at fair value$131.1 $258.7 $14.1 $403.8 Liabilities:    Commodities contracts$151.2 $142.6 $7.6 $301.4 Foreign currency contracts— 11.4 — 11.4 Total liabilities at fair value$151.2 $154.0 $7