Company: WKC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000789460-25-000019
Chunk: 100

Company: WORLD KINECT CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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0.9 $9.5 $1.3 Commodity contractsCost of revenue$(5.1)$0.5 $(3.5)$(1.1)For the six months ended June 30, 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 June 30, 2025, on a pre-tax basis, $1.0 million and $1.4 million is scheduled to be reclassified from Accumulated other comprehensive income (loss) over the next twelve months as an increase to Revenue and an increase to Cost of revenue, respectively, related to designated commodity cash flow hedges that will mature within the next twelve months.The following tables present the effect and financial statement location of our derivative instruments in cash flow hedging relationships on Accumulated other comprehensive income (loss) and in our Condensed Consolidated Statements of Income and Comprehensive Income (in millions):Amount of Gain (Loss) Recognized in Accumulated other comprehensive income (loss), Net of Income Tax (Expense) BenefitFor the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024Commodity contracts (Revenue)$(5.1)$— $(4.5)$(0.1)Commodity contracts (Cost of revenue)2.6 0.3 1.1 0.1 Interest rate contracts (Interest expense and other financing costs, net)— 0.6 $— $2.2 Total gain (loss)$(2.5)$0.8 $(3.4)$2.2 Amount of Gain (Loss) Reclassified from Accumulated other comprehensive income (loss) into Net income (loss), Net of Income Tax (Expense) BenefitFor the Three Months Ended June 30,For the Six Months Ended June 30,Location2025202420252024Commodity contractsRevenue$(7.3)$— $(7.1)$— Commodity contractsCost of revenue3.4 (0.1)2.7 (0.4)Interest rate contractsInterest expense and other financing costs, net— 2.8 2.1 5.5 Total gain (loss)$(4.0)$2.7 $(2.2)$5.0 

12

Derivatives Not Designated as Hed