Company: WKC
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000789460-25-000030
Chunk: 38

Company: WORLD KINECT CORP
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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31, 2024September 30, 2025December 31, 2024Derivatives designated as hedging instrumentsCommodity contractsShort-term derivative assets, net$— $4.0 $— $3.5 Short-term derivative liabilities, net12.0 13.9 9.7 18.9 Interest rate contractsShort-term derivative assets, net— 2.9 — — Total derivatives designated as hedging instruments12.0 20.8 9.7 22.4 Derivatives not designated as hedging instrumentsCommodity contractsShort-term derivative assets, net156.7 230.8 37.3 65.7 Other non-current assets39.1 69.4 10.2 20.5 Short-term derivative liabilities, net102.5 86.7 174.0 174.4 Other long-term liabilities59.1 62.8 70.2 95.6 Foreign currency contractsShort-term derivative assets, net9.7 23.3 4.7 15.1 Other non-current assets— 0.7 — 0.3 Short-term derivative liabilities, net3.2 5.1 5.2 6.9 Other long-term liabilities0.6 0.1 1.4 0.6 Total derivatives not designated as hedging instruments370.9 478.9 303.1 379.2 Total derivatives$383.0 $499.6 $312.8 $401.6 For information regarding our derivative instruments measured at fair value after netting and collateral, see Note 6. Fair Value Measurements.

10

The following amounts were recorded on our Condensed Consolidated Balance Sheets related to cumulative basis adjustments 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)September 30, 2025December 31, 2024September 30, 2025December 31, 2024Inventory$92.9 $95.2 $(0.2)$3.8 

Earnings and Other Comprehensive Income (Loss)Derivatives Designated as