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Business Segments
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting Disclosure Business Segments
The reportable segments are determined by management based upon factors such as products and services, production processes, technologies, market dynamics, and for which segment financial information is available for our chief operating decision maker.
We evaluate performance based on the operating earnings of the respective business segments, which includes certain allocations of corporate selling, general and administrative expenses. The segment results may not represent the actual results that would be expected if they were independent, stand-alone businesses. Intersegment eliminations, including profit on intersegment sales, mark-to-market gains/losses on derivatives, debt expenses, Streamsong Resort® results of operations and the results of the China and India distribution businesses are included within Corporate, Eliminations and Other. For a description of our business segments, see Note 1 to the Condensed Consolidated Financial Statements.
Segment information for the three months ended March 31, 2021 and 2020 was as follows:
PhosphatesPotashMosaic FertilizantesCorporate, Eliminations and Other (a)Total
Three months ended March 31, 2021
Net sales to external customers$884.6 $473.1 $763.4 $176.0 $2,297.1 
Intersegment net sales116.4 4.3 — (120.7)— 
Net sales1,001.0 477.4 763.4 55.3 2,297.1 
Gross margin172.6 140.2 103.1 19.0 434.9 
Canadian resource taxes— 35.0 — — 35.0 
Gross margin (excluding Canadian resource taxes)172.6 175.2 103.1 19.0 469.9 
Operating earnings (loss)152.9 124.9 90.5 (55.1)313.2 
Capital expenditures152.5 96.5 38.8 0.8 288.6 
Depreciation, depletion and amortization expense102.4 79.5 23.2 4.0 209.1 
Three months ended March 31, 2020
Net sales to external customers$537.3 $438.6 $731.1 $91.1 $1,798.1 
Intersegment net sales82.1 3.0 — (85.1)— 
Net sales619.4 441.6 731.1 6.0 1,798.1 
Gross margin(82.9)109.1 66.5 (51.3)41.4 
Canadian resource taxes— 31.7 — — 31.7 
Gross margin (excluding Canadian resource taxes)(82.9)140.8 66.5 (51.3)73.1 
Operating earnings (loss)(106.8)94.2 29.0 (82.6)(66.2)
Capital expenditures137.9 98.3 25.3 2.0 263.5 
Depreciation, depletion and amortization expense114.4 70.1 28.2 5.1 217.8 
Total Assets
As of March 31, 2021$7,097.8 $7,576.5 $4,095.8 $1,132.0 $19,902.1 
As of December 31, 20207,022.1 7,614.8 4,127.7 1,025.2 19,789.8 
______________________________
(a)The “Corporate, Eliminations and Other” category includes the results of our ancillary distribution operations in India and China. For the three months ended March 31, 2021, distribution operations in India and China had revenue of $159.6 million and gross margin of $30.3 million. For the three months ended March 31, 2020, distribution operations in India and China had revenue of $76.5 million, and gross margin of $2.0 million.
Financial information relating to our operations by geographic area is as follows:
 Three Months Ended 
 
March 31,
(in millions)20212020
Net sales(a):
Brazil$767.8 $712.7 
Canada190.4 117.3 
Canpotex(b)
150.2 146.4 
China125.7 39.4 
Mexico50.2 24.9 
India29.5 37.2 
Colombia27.8 14.2 
Australia23.8 41.0 
Japan21.7 11.9 
Paraguay19.0 16.3 
Argentina17.3 28.0 
Dominican Republic6.6 — 
Thailand3.1 4.4 
Honduras2.8 7.0 
Peru0.6 11.4 
Other12.6 24.7 
Total international countries1,449.1 1,236.8 
United States848.0 561.3 
Consolidated$2,297.1 $1,798.1 
______________________________
(a)Revenues are attributed to countries based on location of customer.
(b)Canpotex is the export association of two Saskatchewan potash producers. The net sales of potash from Mosaic to Canpotex included in our consolidated financial statements in the Net Sales line represent Mosaic’s sales of potash to Canpotex, and are recognized upon delivery to the unrelated third-party customer. Canpotex annual sales to the ultimate third-party customers are approximately: 25% to customers based in Brazil, 22% to customers based in China, 10% to customers based in India, 8% to customers based in Indonesia and 35% to customers based in the rest of the world.
Net sales by product type are as follows:
 Three Months Ended 
 
March 31,
(in millions)20212020
Sales by product type:
Phosphate Crop Nutrients$666.6 $547.2 
Potash Crop Nutrients557.5 471.0 
Crop Nutrient Blends314.7 287.3 
Performance Products(a)
399.4 211.7 
Phosphate Rock16.9 6.5 
Other(b)
342.0 274.4 
$2,297.1 $1,798.1 
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(a)Includes sales of MicroEssentials®, K-Mag, Aspire and Sus-Terra.
(b)Includes sales of industrial potash, feed products, nitrogen and other products.