Company: WKC
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001628280-25-019852
Chunk: 76

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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 for fair value hedges (in millions):Line item in the Condensed Consolidated Balance Sheets in which the hedged item is includedCarrying Amount of Hedged Assets/(Liabilities)Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Asset/(Liabilities)March 31, 2025December 31, 2024March 31, 2025December 31, 2024Inventory$86.3 $95.2 $2.2 $3.8 

8

Earnings and Other Comprehensive Income (Loss)Derivatives Designated as Hedging InstrumentsThe following table presents, on a pre-tax basis, the location and amount of gains (losses) on fair value and cash flow hedges recognized in income in our Condensed Consolidated Statements of Income and Comprehensive Income (in millions):For the Three Months EndedMarch 31, 2025March 31, 2024RevenueCost of revenueInterest expense and other financing costs, netRevenueCost of revenueInterest expense and other financing costs, netTotal amounts of income and expense line items in which the effects of fair value or cash flow hedged are recorded$9,452.5 $9,222.1 $22.9 $10,951.4 $10,697.3 $28.9 Gains (losses) on fair value hedge relationships:   Commodity contracts:Hedged item— (1.6)— — 2.1 — Derivatives designated as hedging instruments— 0.8 — — (3.2)— Gains (losses) on cash flow hedge relationships:   Commodity contracts:Amount of gain (loss) reclassified from Accumulated other comprehensive income (loss) into net income0.3 (0.9)— — (0.5)—    Interest rate contracts:Amount of gain (loss) reclassified from Accumulated other comprehensive income (loss) into net income— — 2.9 — — 3.7 Total amount of income and expense line items excluding the impact of hedges$9,452.2 $9,220.5 $25.8 $10,951.4 $10,695.7 $32.6 The following table presents, on a pre-tax basis, the amounts not recorded in Accumulated other