v3.26.1
Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Not Designated as Hedging Instruments
The following table summarizes the location and amounts recognized in our consolidated statements of operations with respect to our derivative financial instruments:
Location of Gain (Loss) Recognized on Income on Derivatives
Amount of Gain (Loss) Recognized in Income on Derivatives
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Derivatives not designated as hedging instruments:
Commodity derivativesCost of sales$(85)$14 $3 $28 
Interest rate derivativesOther, net2 — 2 — 
Total$(83)$14 $5 $28 
Schedule of Interest Rate Derivatives
The following table summarizes our interest rate swaps outstanding, none of which were designated as hedges for accounting purposes:
Notional Amount Outstanding
Term
Type (1)
June 30, 2026
December 2030 (2)
Pay an average fixed rate of 2.5095% and receive a floating rate
$126 
(1)Floating rates are based on EURIBOR.
(2)The December 2030 interest rate swap was acquired in conjunction with the Partnership's acquisition of TanQuid in 2026, with a notional amount of €111 million ($126 million).