2013 | |||||||||||||||
Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | ||||||||||||
(Dollars in thousands) | |||||||||||||||
Assets: | |||||||||||||||
Readily marketable inventories | $ | 1,203,383 | $ | 1,203,383 | |||||||||||
Commodity and freight derivatives | $ | 58,441 | 410,233 | 468,674 | |||||||||||
Interest rate swap derivatives | 24,139 | 24,139 | |||||||||||||
Foreign currency derivatives | 6,894 | 185 | 7,079 | ||||||||||||
Other assets | 114,084 | 114,084 | |||||||||||||
$ | 179,419 | $ | 1,637,940 | $ | 1,817,359 | ||||||||||
Liabilities: | |||||||||||||||
Commodity and freight derivatives | $ | 59,184 | $ | 399,710 | $ | 458,894 | |||||||||
Interest rate swap derivatives | 248 | 248 | |||||||||||||
Foreign currency derivatives | 5,925 | 5,925 | |||||||||||||
Accrued liability for contingent crack spread payments related to purchase of noncontrolling interests | $ | 134,134 | 134,134 | ||||||||||||
$ | 65,109 | $ | 399,958 | $ | 134,134 | $ | 599,201 |
2012 | |||||||||||||||
Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | ||||||||||||
(Dollars in thousands) | |||||||||||||||
Assets: | |||||||||||||||
Readily marketable inventories | $ | 1,702,757 | $ | 1,702,757 | |||||||||||
Commodity and freight derivatives | $ | 122,013 | 948,787 | 1,070,800 | |||||||||||
Foreign currency derivatives | 978 | 978 | |||||||||||||
Other assets | 75,000 | 75,000 | |||||||||||||
$ | 197,991 | $ | 2,651,544 | $ | 2,849,535 | ||||||||||
Liabilities: | |||||||||||||||
Commodity and freight derivatives | $ | 201,475 | $ | 645,452 | $ | 846,927 | |||||||||
Interest rate swap derivatives | 544 | 544 | |||||||||||||
Foreign currency derivatives | 2,388 | 2,388 | |||||||||||||
Accrued liability for contingent crack spread payments related to purchase of noncontrolling interests | $ | 127,516 | 127,516 | ||||||||||||
$ | 203,863 | $ | 645,996 | $ | 127,516 | $ | 977,375 |