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Business Segments (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of segment reporting by segment

Segment information for the years 2021, 2020 and 2019 is as follows:

(in millions)						Phosphates						Potash						Mosaic Fertilizantes						Corporate, Eliminations and Other (a)						Total
Year Ended December 31, 2021
Net sales to external customers						$	3,889.7					$	2,587.9					$	5,088.5					$	791.3					$	12,357.4
Intersegment net sales						1,033.2						38.9						—						(1,072.1)						—
Net sales						4,922.9						2,626.8						5,088.5						(280.8)						12,357.4
Gross margin						1,305.4						1,057.5						842.7						(5.3)						3,200.3
Canadian resource taxes						—						259.5						—						—						259.5
Gross margin (excluding Canadian resource taxes)						1,305.4						1,317.0						842.7						(5.3)						3,459.8
Impairment, restructuring and other expenses						—						158.1						—						—						158.1
Operating earnings						1,179.8						836.6						745.9						(293.8)						2,468.5
Capital expenditures						649.9						410.1						216.1						12.5						1,288.6
Depreciation, depletion and amortization expense						428.7						267.8						101.2						15.2						812.9
Equity in net earnings of nonconsolidated companies						5.4						—						—						2.4						7.8
Year Ended December 31, 2020
Net sales to external customers						$	2,543.5					$	1,988.6					$	3,481.6					$	668.0					$	8,681.7
Intersegment net sales						572.9						30.7						—						(603.6)						—
Net sales						3,116.4						2,019.3						3,481.6						64.4						8,681.7
Gross margin						125.5						468.3						419.6						51.5						1,064.9
Canadian resource taxes						—						146.1						—						—						146.1
Gross margin (excluding Canadian resource taxes)						125.5						614.4						419.6						51.5						1,211.0
Operating earnings						(147.1)						401.5						346.5						(188.0)						412.9
Capital expenditures						538.1						478.2						144.9						9.4						1,170.6
Depreciation, depletion and amortization expense						443.4						282.4						105.7						16.1						847.6
Equity in net (loss) earnings of nonconsolidated companies						(94.1)						—						—						0.3						(93.8)
Year Ended December 31, 2019
Net sales to external customers						$	2,416.6					$	2,081.7					$	3,782.8					$	625.2					$	8,906.3
Intersegment net sales						824.7						32.1						—						(856.8)						—
Net sales						3,241.3						2,113.8						3,782.8						(231.6)						8,906.3
Gross margin						(82.3)						616.8						290.1						72.7						897.3
Canadian resource taxes						—						174.6						—						—						174.6
Gross margin (excluding Canadian resource taxes)						(82.3)						791.4						290.1						72.7						1,071.9
Impairment, restructuring and other expenses						931.6						530.5						—						—						1,462.1
Operating earnings						(1,131.1)						45.8						132.5						(142.1)						(1,094.9)
Capital expenditures						545.2						540.1						182.3						4.6						1,272.2
Depreciation, depletion and amortization expense						430.1						296.3						135.8						20.5						882.7
Equity in net (loss) earnings of nonconsolidated companies						(60.1)						—						—						0.7						(59.4)
Total assets as of December 31, 2021						$	8,776.4					$	8,312.8					$	4,908.2					$	39.0					$	22,036.4
Total assets as of December 31, 2020						7,022.1						7,614.8						4,127.7						1,025.2						19,789.8
Total assets as of December 31, 2019 (b)						7,183.5						7,219.2						3,974.9						920.9						19,298.5

______________________________

(a)The “Corporate, Eliminations and Other” category includes the results of our ancillary distribution operations in India and China. For the years ended December 31, 2021, 2020 and 2019, distribution operations in India and China had revenues of $730.1 million, $639.4 million, and $575.6 million, respectively and gross margins of $141.6 million, $58.7 million, and $27.3 million, respectively.

(b)In 2019, we recorded an impairment of goodwill in Phosphates of $588.6 million, which reduced the total asset balance.

Revenue from external customers by geographic areas

Financial information relating to our operations by geographic area is as follows:

			Years Ended December 31,
(in millions)			2021						2020						2019
Net sales(a):
Brazil			$	5,002.2					$	3,377.1					$	3,675.1
Canpotex(b)			1,089.6						795.2						952.5
Canada			794.9						547.5						602.0
China			396.0						334.2						225.3
India			340.3						318.4						347.1
Colombia			135.1						93.4						82.8
Paraguay			113.8						94.3						102.9
Japan			112.4						58.8						33.0
Argentina			101.3						121.0						116.3
Mexico			93.6						77.1						117.8
Australia			64.8						85.1						91.3
Peru			40.0						62.0						89.3
Dominican Republic			29.8						17.1						17.3
Honduras			22.3						31.0						11.7
Thailand			18.1						21.2						24.8
Other			73.9						75.0						84.3
Total international countries			8,428.1						6,108.4						6,573.5
United States			3,929.3						2,573.3						2,332.8
Consolidated			$	12,357.4					$	8,681.7					$	8,906.3

______________________________

(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 sales to the ultimate third-party customers are approximately: 30% to customers based in Brazil, 14% to customers based in Indonesia, 11% to customers based in China, 6% to customers based in India, and 39% to customers based in the rest of the world.

Financial information relating to our operations by geographic area

						December 31,
(in millions)						2021						2020
Long-lived assets:
Canada						$	5,012.2					$	4,998.5
Brazil						2,011.0						1,904.1
Other						1,285.0						1,324.8
Total international countries						8,308.2						8,227.4
United States						6,233.6						5,688.8
Consolidated						$	14,541.8					$	13,916.2

Excluded from the table above as of December 31, 2021 and 2020, are goodwill of $1,172.2 million and $1,173.0 million and deferred income taxes of $997.1 million and $1,179.4 million, respectively.

Sales by product type

Net sales by product type for the years 2021, 2020 and 2019 are as follows:

			Years Ended December 31,
(in millions)			2021						2020						2019
Sales by product type:
Phosphate Crop Nutrients			$	3,552.7					$	2,477.0					$	2,541.3
Potash Crop Nutrients			3,367.9						2,566.7						2,716.8
Crop Nutrient Blends			1,800.0						1,232.7						1,415.7
Performance Products(a)			1,973.6						1,370.8						1,193.6
Phosphate Rock			75.5						42.0						53.6
Other(b)			1,587.7						992.5						985.3
			$	12,357.4					$	8,681.7					$	8,906.3

______________________________

(a)Includes sales of MicroEssentials®, K-Mag®, Aspire® and Sus-Terra™

(b)Includes sales of industrial potash, feed products, nitrogen and other products.

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