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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Estimated Fair Value of Company's Commodity Derivative Instruments that Require Cash Collateral The following table presents a summary of the estimated fair value of the Company’s commodity derivative instruments that require cash collateral and the associated cash posted or received as collateral as of December 31, 2022 and 2021:
(in thousands)December 31, 2022December 31, 2021
Cash collateral paid $64,530 $165,250 
Fair value of derivatives(10,014)(36,843)
Net derivative asset position$54,516 $128,407 
Schedule of Fair Value of the Company's Commodity Derivatives in the Balance Sheet
The following table presents, on a gross basis, current and non-current commodity derivative assets and liabilities:
December 31, 2022
(in thousands)Commodity Derivative Assets - CurrentCommodity Derivative Assets - NoncurrentCommodity Derivative Liabilities - CurrentCommodity Derivative Liabilities - NoncurrentTotal
Commodity derivative assets$325,762 $1,796 $18,426 $686 $346,670 
Commodity derivative liabilities(94,704)(149)(116,945)(1,484)(213,282)
Cash collateral paid64,530 — — — 64,530 
Balance sheet line item totals$295,588 $1,647 $(98,519)$(798)$197,918 

December 31, 2021
(in thousands)Commodity Derivative Assets - CurrentCommodity Derivative Assets - NoncurrentCommodity Derivative Liabilities - CurrentCommodity Derivative Liabilities - NoncurrentTotal
Commodity derivative assets$339,321 $4,677 $23,762 $1,209 $368,969 
Commodity derivative liabilities(93,758)(105)(152,673)(2,578)(249,114)
Cash collateral paid165,250 — — — 165,250 
Balance sheet line item totals$410,813 $4,572 $(128,911)$(1,369)$285,105 
Schedule of Company's Consolidated Statement of Income Gains and Location of Line Items
The net gains and losses on commodity derivatives not designated as hedging instruments included in the Company’s Consolidated Statements of Operations and the line items in which they are located for the years ended December 31, 2022, 2021 and 2020, are as follows:
 Year Ended December 31,
(in thousands)202220212020
Gains (losses) on commodity derivatives included in
Cost of sales and merchandising revenues		$13,533 $151,058 $(36,563)
The recording of derivatives gains and losses and the financial statement line item in which they are located are as follows:
Year Ended December 31,
(in thousands)202220212020
Derivatives not designated as hedging instruments
Interest rate derivative gains (losses) included in Interest expense, net$123 $(844)$(11)
Derivatives designated as hedging instruments
Interest rate derivative gains (losses) included in Other comprehensive income (loss)38,564 16,960 (11,497)
Interest rate derivative gains (losses) included in Interest expense, net(989)(6,733)(7,982)
Schedule of Volume of Commodity Derivative Contracts Outstanding
The Company had the following volume of commodity derivative contracts outstanding (on a gross basis) as of December 31, 2022 and 2021:

December 31, 2022
(in thousands)Number of BushelsNumber of GallonsNumber of Tons
Non-exchange traded:
Corn567,405 — — 
Soybeans56,608 — — 
Wheat102,716 — — 
Oats24,710 — — 
Ethanol— 178,935 — 
Soybean meal— — 570 
Dried distillers grain— — 449 
Other10,054 44,547 2,029 
Subtotal761,493 223,482 3,048 
Exchange traded:
Corn170,280 — — 
Soybeans46,380 — — 
Wheat111,567 — — 
Oats365 — — 
Ethanol— 94,206 — 
Propane— 47,208 — 
Other— 588 581 
Subtotal328,592 142,002 581 
Total1,090,085 365,484 3,629 
December 31, 2021
(in thousands)Number of BushelsNumber of GallonsNumber of Tons
Non-exchange traded:
Corn685,681 — — 
Soybeans77,592 — — 
Wheat109,547 — — 
Oats31,627 — — 
Ethanol— 192,447 — 
Soybean meal— — 544 
Dried distillers grain— — 507 
Other57,268 16,092 1,854 
Subtotal961,715 208,539 2,905 
Exchange traded:
Corn226,215 — — 
Soybeans64,730 — — 
Wheat65,020 — — 
Oats1,300 — — 
Ethanol— 100,884 — 
Propane— 31,542 — 
Other75 798 353 
Subtotal357,340 133,224 353 
Total1,319,055 341,763 3,258 
Schedule of Fair Value of the Company's Interest Rate Derivatives
At December 31, 2022 and 2021, the Company had recorded the following amounts for the fair value of the Company's interest rate and other derivatives:
December 31,
(in thousands)20222021
Derivatives not designated as hedging instruments
Interest rate contracts included in Accrued expenses and other current liabilities$— $(174)
Foreign currency contracts included in Other current (liabilities) assets(3,124)(1,069)
Derivatives designated as hedging instruments
Interest rate contracts included in Other current assets8,759 — 
Interest rate contracts included in Other assets22,641 4,574 
Interest rate contracts included in Accrued expenses and other current liabilities— (5,206)
Interest rate contracts included in Other long-term liabilities— (6,555)
Schedule of Open Interest Rate Contracts
The following table presents the open interest rate contracts at December 31, 2022:
Interest Rate Hedging InstrumentYear EnteredYear of MaturityInitial Notional Amount
(in millions)		Hedged Item


Interest Rate
Long-term
Swap20192025$100.0 Interest rate component of debt - not accounted for as a hedge2.3%
Swap2019202550.0 Interest rate component of debt - accounted for as a hedge2.4%
Swap2019202550.0 Interest rate component of debt - accounted for as a hedge2.4%
Swap2020203050.0 Interest rate component of debt - accounted for as a hedge
0.0% to 0.8%
Swap2020203050.0 Interest rate component of debt - accounted for as a hedge
0.0% to 0.8%
Swap2022202520.0 Interest rate component of debt - accounted for as a hedge2.6%
Swap20222029100.0 Interest rate component of debt - accounted for as a hedge2.0%
Swap2022202950.0 Interest rate component of debt - accounted for as a hedge2.4%