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v3.22.4

Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of segment reporting by segment | Segment information for the years 2022, 2021 and 2020 is as follows:
(in millions) |  | Phosphates |  | Potash |  | Mosaic Fertilizantes |  | Corporate, Eliminations and Other (a) |  | Total
Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 4,546.4 |  |  | $ | 5,122.8 |  |  | $ | 8,287.2 |  |  | $ | 1,168.8 |  |  | $ | 19,125.2 |
Intersegment net sales |  | 1,637.8 |  |  | 85.7 |  |  | — |  |  | (1,723.5) |  |  | — |
Net sales |  | 6,184.2 |  |  | 5,208.5 |  |  | 8,287.2 |  |  | (554.7) |  |  | 19,125.2 |
Gross margin |  | 1,759.0 |  |  | 2,843.0 |  |  | 1,045.6 |  |  | 108.2 |  |  | 5,755.8 |
Canadian resource taxes |  | — |  |  | 927.9 |  |  | — |  |  | — |  |  | 927.9 |
Gross margin (excluding Canadian resource taxes) |  | 1,759.0 |  |  | 3,770.9 |  |  | 1,045.6 |  |  | 108.2 |  |  | 6,683.7 |
Operating earnings |  | 1,347.2 |  |  | 2,767.7 |  |  | 910.4 |  |  | (240.0) |  |  | 4,785.3 |
Capital expenditures |  | 631.8 |  |  | 281.6 |  |  | 306.4 |  |  | 27.5 |  |  | 1,247.3 |
Depreciation, depletion and amortization expense |  | 485.1 |  |  | 307.3 |  |  | 125.5 |  |  | 16.0 |  |  | 933.9 |
Equity in net earnings of nonconsolidated companies |  | 192.4 |  |  | — |  |  | — |  |  | 3.6 |  |  | 196.0 |
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) |
Total assets as of December 31, 2022 |  | $ | 9,570.5 |  |  | $ | 9,582.2 |  |  | $ | 5,562.7 |  |  | $ | (1,329.4) |  |  | $ | 23,386.0 |
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 |
______________________________ (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, 2022, 2021 and 2020, distribution operations in India and China had revenues of $1.1 billion, $730.1 million, and $639.4 million, respectively and gross margins of $130.9 million, $141.6 million, and $58.7 million, respectively.
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) | 2022 |  | 2021 |  | 2020
Net sales(a): |  |  |  |  |
Brazil | $ | 8,045.5 |  |  | $ | 5,002.2 |  |  | $ | 3,377.1 |
Canpotex(b) | 2,961.6 |  |  | 1,089.6 |  |  | 795.2 |
Canada | 966.0 |  |  | 794.9 |  |  | 547.5 |
China | 648.2 |  |  | 396.0 |  |  | 334.2 |
India | 512.5 |  |  | 340.3 |  |  | 318.4 |
Paraguay | 227.1 |  |  | 113.8 |  |  | 94.3 |
Argentina | 224.6 |  |  | 101.3 |  |  | 121.0 |
Mexico | 165.5 |  |  | 93.6 |  |  | 77.1 |
Japan | 162.0 |  |  | 112.4 |  |  | 58.8 |
Colombia | 125.9 |  |  | 135.1 |  |  | 93.4 |
Australia | 101.6 |  |  | 64.8 |  |  | 85.1 |
Peru | 70.2 |  |  | 40.0 |  |  | 62.0 |
Dominican Republic | 34.1 |  |  | 29.8 |  |  | 17.1 |
Honduras | 31.2 |  |  | 22.3 |  |  | 31.0 |
Thailand | 6.3 |  |  | 18.1 |  |  | 21.2 |
Other | 100.8 |  |  | 73.9 |  |  | 75.0 |
Total international countries | 14,383.1 |  |  | 8,428.1 |  |  | 6,108.4 |
United States | 4,742.1 |  |  | 3,929.3 |  |  | 2,573.3 |
Consolidated | $ | 19,125.2 |  |  | $ | 12,357.4 |  |  | $ | 8,681.7 |
______________________________ (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: 28% to customers based in Brazil, 14% to customers based in China, 12% to customers based in Indonesia, 8% to customers based in India, and 38% to customers based in the rest of the world.
Financial information relating to our operations by geographic area |
|  | December 31,
(in millions) |  | 2022 |  | 2021
Long-lived assets: |  |  |  |
Canada |  | $ | 4,716.2 |  |  | $ | 5,012.2 |
Brazil |  | 2,153.5 |  |  | 2,011.0 |
Other |  | 1,432.5 |  |  | 1,285.0 |
Total international countries |  | 8,302.2 |  |  | 8,308.2 |
United States |  | 6,658.6 |  |  | 6,233.6 |
Consolidated |  | $ | 14,960.8 |  |  | $ | 14,541.8 |
Excluded from the table above as of December 31, 2022 and 2021, are goodwill of $1,116.3 million and $1,172.2 million and deferred income tax assets of $752.3 million and $997.1 million, respectively.
Sales by product type | Net sales by product type for the years 2022, 2021 and 2020 are as follows:
| Years Ended December 31,
(in millions) | 2022 |  | 2021 |  | 2020
Sales by product type: |  |  |  |  |
Phosphate Crop Nutrients | $ | 4,465.0 |  |  | $ | 3,552.7 |  |  | $ | 2,477.0 |
Potash Crop Nutrients | 6,484.1 |  |  | 3,367.9 |  |  | 2,566.7 |
Crop Nutrient Blends | 2,970.0 |  |  | 1,800.0 |  |  | 1,232.7 |
Performance Products(a) | 3,025.8 |  |  | 1,973.6 |  |  | 1,370.8 |
Phosphate Rock | 125.9 |  |  | 75.5 |  |  | 42.0 |
Other(b) | 2,054.4 |  |  | 1,587.7 |  |  | 992.5 |
| $ | 19,125.2 |  |  | $ | 12,357.4 |  |  | $ | 8,681.7 |
______________________________ (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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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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