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Business Segments
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2021 and 2020 was as follows:
PhosphatesPotashMosaic FertilizantesCorporate, Eliminations and Other (a)Total
Three months ended June 30, 2021
Net sales to external customers$910.2 $659.1 $1,035.7 $195.7 $2,800.7 
Intersegment net sales264.6 3.9 — (268.5)— 
Net sales1,174.8 663.0 1,035.7 (72.8)2,800.7 
Gross margin308.5 217.2 185.1 41.5 752.3 
Canadian resource taxes— 54.2 — — 54.2 
Gross margin (excluding Canadian resource taxes)308.5 271.4 185.1 41.5 806.5 
Mine closure costs— 158.1 — — 158.1 
Operating earnings (loss)283.1 48.9 170.5 (18.5)484.0 
Capital expenditures150.0 98.2 44.3 4.7 297.2 
Depreciation, depletion and amortization expense105.6 70.3 23.8 3.8 203.5 
Three months ended June 30, 2020
Net sales to external customers$550.1 $544.8 $787.0 $162.8 $2,044.7 
Intersegment net sales212.3 10.6 — (222.9)— 
Net sales762.4 555.4 787.0 (60.1)2,044.7 
Gross margin17.7 131.6 100.7 7.0 257.0 
Canadian resource taxes— 52.1 — — 52.1 
Gross margin (excluding Canadian resource taxes)17.7 183.7 100.7 7.0 309.1 
Operating earnings (loss)(59.4)125.5 76.4 (56.7)85.8 
Capital expenditures122.2 111.4 19.7 3.9 257.2 
Depreciation, depletion and amortization expense113.9 71.8 27.0 2.7 215.4 
Six months ended June 30, 2021
Net sales to external customers$1,794.8 $1,132.2 $1,799.1 $371.7 $5,097.8 
Intersegment net sales381.0 8.2 — (389.2)— 
Net sales2,175.8 1,140.4 1,799.1 (17.5)5,097.8 
Gross margin481.1 357.4 288.2 60.5 1,187.2 
Canadian resource taxes— 89.2 — — 89.2 
Gross margin (excluding Canadian resource taxes)481.1 446.6 288.2 60.5 1,276.4 
Mine closure costs— 158.1 — — 158.1 
Operating earnings (loss)436.0 173.8 261.0 (73.6)797.2 
Capital expenditures302.5 194.7 83.1 5.5 585.8 
Depreciation, depletion and amortization expense208.0 149.8 47.0 7.8 412.6 
Six months ended June 30, 2020
Net sales to external customers$1,087.4 $983.4 $1,518.1 $253.9 $3,842.8 
Intersegment net sales294.4 13.6 — (308.0)— 
Net sales1,381.8 997.0 1,518.1 (54.1)3,842.8 
Gross margin(65.2)240.7 167.2 (44.3)298.4 
Canadian resource taxes— 83.8 — — 83.8 
Gross margin (excluding Canadian resource taxes)(65.2)324.5 167.2 (44.3)382.2 
Operating earnings (loss)(166.2)219.7 105.4 (139.3)19.6 
Capital expenditures260.1 209.7 45.0 5.9 520.7 
Depreciation, depletion and amortization expense228.3 141.9 55.2 7.8 433.2 
Total Assets
As of June 30, 2021$7,826.5 $7,809.5 $5,098.4 $739.1 $21,473.5 
As of December 31, 20207,022.1 7,614.8 4,127.7 1,025.2 19,789.8 
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(a)The “Corporate, Eliminations and Other” category includes the results of our ancillary distribution operations in India and China. For the three and six months ended June 30, 2021, distribution operations in India and China had revenue of $180.0 million and $339.6 million, respectively, and gross margin of $42.7 million and $72.9 million, respectively. For the three and six months ended June 30, 2020, distribution operations in India and China had revenue of $161.5 million and $238.3 million, respectively, and gross margin of $20.0 million and $22.0 million, respectively.
Financial information relating to our operations by geographic area is as follows:
 Three Months Ended 
 
June 30,		Six Months Ended 
 
June 30,
(in millions)2021202020212020
Net sales(a):
Brazil$1,014.4 $757.0 $1,782.2 $1,469.7 
Canada228.4 137.4 418.8 254.7 
Canpotex(b)
187.3 215.8 337.5 362.2 
China116.5 74.5 242.2 113.9 
Colombia38.6 25.8 66.4 40.0 
India73.8 100.8 103.3 138.0 
Paraguay32.6 26.4 51.6 42.7 
Mexico31.9 22.8 82.1 47.7 
Japan30.2 32.6 51.9 44.5 
Argentina27.7 55.1 45.0 83.1 
Peru13.6 — 14.2 6.0 
Honduras8.3 10.5 11.1 17.5 
Thailand7.7 4.7 10.8 9.1 
Dominican Republic3.2 — 9.8 — 
Australia0.3 0.3 24.1 41.3 
Other14.4 19.7 27.0 49.8 
Total international countries1,828.9 1,483.4 3,278.0 2,720.2 
United States971.8 561.3 1,819.8 1,122.6 
Consolidated$2,800.7 $2,044.7 $5,097.8 $3,842.8 
______________________________
(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 
 
June 30,		Six Months Ended 
 
June 30,
(in millions)2021202020212020
Sales by product type:
Phosphate Crop Nutrients$835.8 $559.6 $1,502.4 $1,106.8 
Potash Crop Nutrients804.8 658.0 1,362.3 1,129.0 
Crop Nutrient Blends333.9 252.0 648.6 539.3 
Performance Products(a)
455.4 341.2 854.8 552.9 
Phosphate Rock18.4 7.5 35.3 14.0 
Other(b)
352.4 226.4 694.4 500.8 
$2,800.7 $2,044.7 $5,097.8 $3,842.8 
____________________________________________
(a)Includes sales of MicroEssentials®, K-Mag, Aspire and Sus-Terra.
(b)Includes sales of industrial potash, feed products, nitrogen and other products.