Company: WKC
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000789460-25-000030
Chunk: 40

Company: WORLD KINECT CORP
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 instruments— 3.0 — — 0.5 — Gains (losses) on cash flow hedge relationships:Commodity contracts:Amount of gain (loss) reclassified from Accumulated other comprehensive income (loss) into net income(11.7)(1.1)— (0.1)0.7 — Interest rate contracts:Amount of gain (loss) reclassified from Accumulated other comprehensive income (loss) into net income— — 2.9 — — 11.2 Total amount of income and expense line items excluding the impact of hedges$27,899.3 $27,172.4 $77.3 $32,407.5 $31,641.3 $91.6 The following table presents, on a pre-tax basis, the amounts not recorded in Accumulated other comprehensive income (loss) due to intra-period settlement but recognized in Revenue and Cost of revenue in our Condensed Consolidated Statements of Income and Comprehensive Income (in millions):Gain (Loss) Not Recorded in Accumulated other comprehensive income (loss) Due to Intra-Period SettlementLocationFor the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024Commodity contractsRevenue$4.2 $(1.8)$13.7 $(0.5)Commodity contractsCost of revenue$3.6 $(9.0)$— $(10.1)For the nine months ended September 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 September 30, 2025, on a pre-tax basis, $0.9 million is scheduled to be reclassified from Accumulated other comprehensive income (loss) over the next twelve months as an increase to Cost of revenue 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 September 30,For the Nine Months Ended September 30,202