World Fuel Services 2015 Annual Report Download - page 66

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61
As of December 31, 2015, our derivative instruments, at their respective fair value positions were as follows (in millions,
except weighted average fixed price and weighted average mark-to-market amount):
Weighted
Weighted Average
Average Mark-to- Fair
Settlement Fixed Market Value
Hedge Strategy Period Derivative Instrument Notional Unit Price Amount Amount
Fair Value Hedge 2016 Commodity contracts for inventory hedging 2.8 BBL $ 54.104 $ 4.929 $ 13.8
2017 Commodity contracts for inventory hedging 0.1 BBL 57.576 5.000 0.5
$ 14.3
Cash Flow Hedge 2016 Commodity contracts for inventory hedging 9.8 BBL 66.947 0.847 8.3
2017 Commodity contracts for inventory hedging 0.8 BBL 66.784 8.625 6.9
$ 15.2
Non-Designated 2016 Commodity contracts (long) 50.9 BBL 45.030 (15.935) (811.1)
2016 Commodity contracts (short) 41.8 BBL 54.410 19.770 826.4
2017 Commodity contracts (long) 3.1 BBL 25.400 (2.452) (7.6)
2017 Commodity contracts (short) 2.3 BBL 26.810 3.348 7.7
2018 Commodity contracts (long) 0.7 BBL 10.000 2.857 2.0
2018 Commodity contracts (short) 0.5 BBL 11.280 (1.200) (0.6)
2020 Commodity contracts (long) 0.1 BBL 21.750 (1.000) (0.1)
2020 Commodity contracts (short) 0.1 BBL 18.840 6.000 0.6
2016 Foreign currency contracts 6.5 AUD 0.717 (0.031) (0.2)
2016 Foreign currency contracts 4.3 BRL 3.881 — —
2016 Foreign currency contracts 82.8 CAD 1.335 0.025 2.1
2016 Foreign currency contracts 0.3 CHF 0.964 — —
2016 Foreign currency contracts 4,199.0 CLP 702.379 — —
2016 Foreign currency contracts 52,263.5 COP 3,064.704 — 0.1
2016 Foreign currency contracts 73.8 DKK 6.854 (0.003) (0.2)
2016 Foreign currency contracts 45.7 EUR 1.099 0.033 1.5
2016 Foreign currency contracts 124.7 GBP 1.530 0.023 2.9
2016 Foreign currency contracts 111.4 INR 66.366 — —
2016 Foreign currency contracts 546.3 JPY 120.938 — —
2016 Foreign currency contracts 1,794.6 MXN 16.803 — (0.1)
2016 Foreign currency contracts 47.3 NOK 8.474 0.004 0.2
2016 Foreign currency contracts 12.6 PLN 3.892 0.008 0.1
2016 Foreign currency contracts 42.9 RON 4.083 0.014 0.6
2016 Foreign currency contracts 45.6 SEK 8.343 (0.002) (0.1)
2016 Foreign currency contracts 23.8 SGD 1.411 (0.004) (0.1)
2016 Foreign currency contracts 109.3 ZAR 14.245 0.001 0.1
2017 Foreign currency contracts 1.8 EUR 1.083 — —
2017 Foreign currency contracts 8.0 GBP 1.553 0.063 0.5
2017 Foreign currency contracts 1.7 EUR 1.105 — —
$ 24.7