Company: WKC
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000789460-25-000030
Chunk: 41

Company: WORLD KINECT CORP
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 41
---
5202420252024Commodity contracts (Revenue)$(2.2)$(2.4)$(6.7)$(2.6)Commodity contracts (Cost of revenue)(3.2)0.9 (2.1)1.0 Interest rate contracts (Interest expense and other financing costs, net)— (0.6)$— $1.6 Total gain (loss)$(5.4)$(2.2)$(8.7)$— 

12

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 September 30,For the Nine Months Ended September 30,Location2025202420252024Commodity contractsRevenue$(1.5)$— $(8.5)$— Commodity contractsCost of revenue(3.6)1.0 (0.8)0.5 Interest rate contractsInterest expense and other financing costs, net— 2.8 2.1 8.3 Total gain (loss)$(5.0)$3.7 $(7.2)$8.8 Derivatives Not Designated as Hedging InstrumentsThe following table presents the amount and financial statement location in our Condensed Consolidated Statements of Income and Comprehensive Income of realized and unrealized gains (losses) recognized on derivative instruments not designated as hedging instruments (in millions):Derivative Instruments - Non-designatedFor the Three Months Ended September 30,For the Nine Months Ended September 30,Location2025202420252024Commodity contractsRevenue$(6.8)$(33.8)$(2.3)$(158.7)Cost of revenue(5.6)12.8 (10.0)15.9 (12.4)(21.0)(12.3)(142.8)Foreign currency contractsRevenue(2.0)(1.7)(0.5)(2.1)Other (expense), net4.8 (4.7)(12.8)(8.8)2.8 (6.4)(13.3)(10.9)Total gain (loss)$(9.6)$(27.4)$(25.6)$(153.7)

Credit-Risk-Related Contingent FeaturesWe enter into derivative contracts which may require us to post collateral periodically.