Company: WKC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000789460-25-000019
Chunk: 43

Company: WORLD KINECT CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 when a legal right of offset exists. The following tables summarize those derivative balances subject to the right of offset as presented on our Condensed Consolidated Balance Sheets (in millions):Fair Value as of June 30, 2025Gross Amounts RecognizedGross Amounts OffsetNet Amounts PresentedCash CollateralGross Amounts without Right of OffsetNet AmountsAssets:Commodities contracts$401.8 $223.4 $178.4 $0.7 $— $177.7 Foreign currency contracts20.3 19.8 0.5 — — 0.5 Total assets at fair value$422.1 $243.1 $178.9 $0.7 $— $178.3 Liabilities:Commodities contracts$318.2 $223.4 $94.8 $20.9 $— $73.9 Foreign currency contracts32.9 19.8 13.1 — — 13.1 Total liabilities at fair value$351.0 $243.1 $107.9 $20.9 $— $87.0 Fair Value as of December 31, 2024Gross Amounts RecognizedGross Amounts OffsetNet Amounts PresentedCash CollateralGross Amounts without Right of OffsetNet AmountsAssets:Commodities contracts$467.6 $253.2 $214.4 $0.1 $— $214.3 Interest rate contract2.9 — 2.9 — — 2.9 Foreign currency contracts29.1 20.7 8.5 — — 8.5 Total assets at fair value$499.6 $273.9 $225.8 $0.1 $— $225.6 Liabilities:Commodities contracts$378.7 $253.2 $125.5 $12.1 $— $113.4 Foreign currency contracts22.9 20.7 2.3 — — 2.3 Total liabilities at fair value$401.6 $273.9 $127.8 $12.1 $— $115.6 At June 30, 2025 and December 31,