Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 46

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 The carrying value (excluding unamortized debt issuance costs) and estimated fair value of these notes was $400.0 million and $402.5 million, respectively, as of September 30, 2025, and $400.0 million and $399.1 million, respectively, at December 31, 2024.In addition, the fair value of the Delek Logistics 2029 Notes is measured based on quoted market prices in an active market, defined as Level 1 in the fair value hierarchy. The carrying value (excluding unamortized debt issuance costs) and estimated fair value of these notes was $1,050.0 million and $1,095.5 million, respectively, as of September 30, 2025, and $1,050.0 million and $1,086.9 million, respectively, at December 31, 2024.Also, the fair value of the Delek Logistics 2033 Notes is measured based on quoted market prices in an active market, defined as Level 1 in the fair value hierarchy. The carrying value (excluding unamortized debt issuance costs) and estimated fair value of these notes was $700.0 million and $713.2 million, respectively, as of September 30, 2025.

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Notes to Condensed Consolidated Financial Statements (unaudited)

The fair value approximates the historical or amortized cost basis comprising our carrying value for all other financial instruments and therefore are not included in the table below. The fair value hierarchy for our financial assets and liabilities accounted for at fair value on a recurring basis was as follows (in millions): As of  September 30, 2025 Level 1Level 2Level 3TotalAssets    Commodity derivatives$— $17.9 $— $17.9 Interest rate swap derivatives— 1.4 — 1.4 RINs commitment contracts— 52.7 — 52.7 Total assets— 72.0 — 72.0 Liabilities    Commodity derivatives— (19.4)— (19.4)Interest rate swap derivatives— (3.4)— (3.4)RINs commitment contracts— (39.1)— (39.1)Inventory Intermediation Agreement obligation— (331.2)— (331.2)Total liabilities— (393