The carrying amounts of derivative instruments and RINs receivable and credit obligations at September 30, 2022 and December 31, 2021 were as follows:


			Fair Value by Input Level
	Carrying Amount		Level 1		Level 2		Level 3
	(In thousands)
September 30, 2022
Assets:
NYMEX futures contracts	$	9,082	$	9,082	$	—	$	—

Commodity forward contracts	190		—		190		—
RINs receivable (1)	81,232		—		81,232		—
Foreign currency forward contracts	33,454		—		33,454		—
Total assets	$	123,958	$	9,082	$	114,876	$	—

Liabilities:


Commodity forward contracts	$	90	$	—	$	90	$	—

RINs credit obligations (1)	81,232		—		81,232		—
Total liabilities	$	81,322	$	—	$	81,322	$	—





			Fair Value by Input Level
	Carrying Amount		Level 1		Level 2		Level 3
	(In thousands)
December 31, 2021
Assets:

Commodity forward contracts	$	286	$	—	$	286	$	—
Foreign currency forward contracts	6,177		—		6,177		—
Total assets	$	6,463	$	—	$	6,463	$	—

Liabilities:
NYMEX futures contracts	$	1,269	$	1,269	$	—	$	—

Commodity forward contracts	566		—		566		—

RINs credit obligations (2)	9,429		—		9,429		—
Total liabilities	$	11,264	$	1,269	$	9,995	$	—

(1)Sinclair HoldCo is financially responsible for satisfaction of RINs credit obligations for all periods prior to the closing of the Sinclair Transactions. See Note 2 for additional information on RINs credit obligations assumed in the Sinclair Transactions.