| Schedule of financial assets and financial liabilities measured at fair value on a recurring basis (in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value at December 31, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Collateral
|
|
|
|
|
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Netting
|
|
Total
|
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward derivative contracts (1)
|
|
$
|
—
|
|
$
|
18,972
|
|
$
|
1,683
|
|
$
|
—
|
|
$
|
20,655
|
|
|
Swap agreements and options
|
|
|
—
|
|
|
727
|
|
|
—
|
|
|
—
|
|
|
727
|
|
|
Exchange-traded/cleared derivative instruments (2)
|
|
|
(70,690)
|
|
|
—
|
|
|
—
|
|
|
98,344
|
|
|
27,654
|
|
|
Pension plan
|
|
|
16,777
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
16,777
|
|
|
Total assets
|
|
$
|
(53,913)
|
|
$
|
19,699
|
|
$
|
1,683
|
|
$
|
98,344
|
|
$
|
65,813
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward derivative contracts (1)
|
|
$
|
—
|
|
$
|
(25,097)
|
|
$
|
(2,054)
|
|
$
|
—
|
|
$
|
(27,151)
|
|
|
Swap agreements and options
|
|
|
—
|
|
|
(262)
|
|
|
—
|
|
|
—
|
|
|
(262)
|
|
|
Interest rate swaps
|
|
|
—
|
|
|
(1,170)
|
|
|
—
|
|
|
—
|
|
|
(1,170)
|
|
|
Total liabilities
|
|
$
|
—
|
|
$
|
(26,529)
|
|
$
|
(2,054)
|
|
$
|
—
|
|
$
|
(28,583)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value at December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Collateral
|
|
|
|
|
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Netting
|
|
Total
|
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward derivative contracts (1)
|
|
$
|
—
|
|
$
|
62,382
|
|
$
|
3,717
|
|
$
|
—
|
|
$
|
66,099
|
|
|
Foreign currency derivatives
|
|
|
—
|
|
|
10
|
|
|
—
|
|
|
—
|
|
|
10
|
|
|
Exchange-traded/cleared derivative instruments (2)
|
|
|
95,367
|
|
|
—
|
|
|
—
|
|
|
(64,040)
|
|
|
31,327
|
|
|
Pension plan
|
|
|
16,886
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
16,886
|
|
|
Total assets
|
|
$
|
112,253
|
|
$
|
62,392
|
|
$
|
3,717
|
|
$
|
(64,040)
|
|
$
|
114,322
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward derivative contracts (1)
|
|
$
|
—
|
|
$
|
(27,602)
|
|
$
|
(3,653)
|
|
$
|
—
|
|
$
|
(31,255)
|
|
|
Swap agreements and options
|
|
|
—
|
|
|
(656)
|
|
|
—
|
|
|
—
|
|
|
(656)
|
|
|
Interest rate swaps
|
|
|
—
|
|
|
(3,343)
|
|
|
—
|
|
|
—
|
|
|
(3,343)
|
|
|
Total liabilities
|
|
$
|
—
|
|
$
|
(31,601)
|
|
$
|
(3,653)
|
|
$
|
—
|
|
$
|
(35,254)
|
|
|
(1)
| |
Forward derivative contracts include the Partnership’s petroleum and ethanol physical and financial forwards and OTC swaps |
|
(2)
| |
Amount includes the effect of cash balances on deposit with clearing brokers. |
|