XML 63 R47.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Derivative Financial Instruments - Gain (Loss) in Statement of Financial Performance (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income $ (6,987) $ (2,236)  
Carrying Amount of the Hedged Assets 25,186   $ 45,898
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Liabilities (3,389)   $ (1,104)
Not Designated as Hedging Instrument      
Derivative Instruments, Gain (Loss) [Line Items]      
Location of Gain (Loss) Recognized in Income on Derivatives 2,103 1,575  
Commodity contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (7,959) (16,811)  
Revenues      
Derivative Instruments, Gain (Loss) [Line Items]      
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income 3,736 0  
Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow or fair value hedges are recorded 3,736 0  
Revenues | Commodity contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on fair value hedges recognized in earnings 0 0  
Revenues | Exchange-traded futures and options | Not Designated as Hedging Instrument      
Derivative Instruments, Gain (Loss) [Line Items]      
Location of Gain (Loss) Recognized in Income on Derivatives (1,073) (7,876)  
Revenues | Forwards | Not Designated as Hedging Instrument      
Derivative Instruments, Gain (Loss) [Line Items]      
Location of Gain (Loss) Recognized in Income on Derivatives (2,729) 659  
Revenues | Exchange Future      
Derivative Instruments, Gain (Loss) [Line Items]      
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income 3,736 0  
Gain (loss) on fair value hedges recognized in earnings 0 0  
Cost of goods sold      
Derivative Instruments, Gain (Loss) [Line Items]      
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (10,723) (2,236)  
Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow or fair value hedges are recorded (9,822) (915)  
Cost of goods sold | Commodity contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on fair value hedges recognized in earnings (4,361) (9,357)  
Cost of goods sold | Exchange-traded futures and options | Not Designated as Hedging Instrument      
Derivative Instruments, Gain (Loss) [Line Items]      
Location of Gain (Loss) Recognized in Income on Derivatives 3,037 8,366  
Cost of goods sold | Forwards | Not Designated as Hedging Instrument      
Derivative Instruments, Gain (Loss) [Line Items]      
Location of Gain (Loss) Recognized in Income on Derivatives 2,868 426  
Cost of goods sold | Exchange Future      
Derivative Instruments, Gain (Loss) [Line Items]      
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (10,723) (2,236)  
Gain (loss) on fair value hedges recognized in earnings $ 5,262 $ 10,678