Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 211

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 211
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 and $399.1 million, respectively, at December 31, 2024.

29 |

Notes to Condensed Consolidated Financial Statements (unaudited)

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 $1,091.0 million, respectively, as of June 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 $697.4 million, respectively, as of June 30, 2025.The fair value approximates the historical or amortized cost basis comprising our carrying value for all other financial instruments and therefore are not included in the table below. The fair value hierarchy for our financial assets and liabilities accounted for at fair value on a recurring basis was as follows (in millions): As of  June 30, 2025 Level 1Level 2Level 3TotalAssets    Commodity derivatives$— $25.0 $— $25.0 Interest rate swap derivatives— 3.0 — 3.0 RINs commitment contracts— 3.7 — 3.7 Total assets— 31.7 — 31.7 Liabilities    Commodity derivatives— (32.3)— (32.3)Interest rate swap derivatives— (5.0)— (5.0)RINs commitment contracts— (2.5)— (2.5)Environmental credits obligation deficit— (120.4)— (120.4)Inventory Intermediation Agreement obligation— (388.4)— (388.4)Total liabilities— (548.6)— (548.6)Net liabilities$— $(516.9)$— $(516.9) As of  December 31,