XML 117 R30.htm IDEA: XBRL DOCUMENT
v3.22.4

Leases | 12 Months Ended
--- | ---
Dec. 31, 2022
Leases [Abstract] |
Operating and Finance Leases [Text Block] | LEASES Leasing Activity We have operating and finance leases for heavy mobile equipment, railcars, fleet vehicles, field and plant equipment, river and cross-gulf vessels, corporate offices, land, and computer equipment. Our leases have remaining lease terms of one year to 40 years, some of which include options to extend the lease for up to 20 years and some of which include options to terminate the lease within one year. Supplemental balance sheet information related to leases as of December 31, 2022 and December 31, 2021 is as follows:
|  | December 31, |  |
Type of Lease Asset or Liability |  | 2022 |  | 2021 |  | Balance Sheet Classification
|  | (in millions) |  |
Operating Leases |  |  |  |  |  |
Right-of-use assets |  | $ | 182.5 |  |  | $ | 120.2 |  |  | Other assets
Lease liabilities: |  |  |  |  |  |
Short-term |  | 50.7 |  |  | 59.7 |  |  | Accrued liabilities
Long-term |  | 135.2 |  |  | 64.3 |  |  | Other noncurrent liabilities
Total |  | $ | 185.9 |  |  | $ | 124.0 |  |  |
Finance Leases |  |  |  |  |  |
Right-of-use assets: |  |  |  |  |  |
Gross assets |  | $ | 484.2 |  |  | $ | 459.1 |  |  |
Less: accumulated depreciation |  | 166.1 |  |  | 122.8 |  |  |
Net assets |  | $ | 318.1 |  |  | $ | 336.3 |  |  | Property, plant and equipment, net
Lease liabilities: |  |  |  |  |  |
Short-term |  | $ | 71.4 |  |  | $ | 41.2 |  |  | Current maturities of long-term debt
Long-term |  | 122.9 |  |  | 171.8 |  |  | Long-term debt, less current maturities
Total |  | $ | 194.3 |  |  | $ | 213.0 |  |  |
Lease expense is generally included within cost of goods sold and selling, general and administrative expenses, except for interest on lease liabilities, which is recorded within net interest. The components of lease expense were as follows:
|  | December 31, |  |
(in millions) |  | 2022 |  | 2021 |  | 2020 |  |
Operating lease cost |  | $ | 86.6 |  |  | $ | 78.8 |  |  | $ | 81.7 |  |  |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | 45.9 |  |  | 40.6 |  |  | 37.7 |  |  |
Interest on lease liabilities |  | 5.3 |  |  | 6.3 |  |  | 13.3 |  |  |
Short-term lease cost |  | 0.8 |  |  | 3.1 |  |  | 3.1 |  |  |
Variable lease cost |  | 19.3 |  |  | 19.2 |  |  | 21.8 |  |  |
Total lease cost |  | $ | 157.9 |  |  | $ | 148.0 |  |  | $ | 157.6 |  |  |
Rental expense for 2022, 2021 and 2020 was $237.2 million, $211.8 million and $226.9 million, respectively. Supplemental cash flow information related to leases was as follows:
|  | December 31,
(In millions) |  | 2022 |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 88.1 |  |  | $ | 78.8 |  |  | $ | 96.6 |
Operating cash flows from finance leases |  | 5.3 |  |  | 6.3 |  |  | 8.4 |
Financing cash flows from finance leases |  | 46.5 |  |  | 142.5 |  |  | 46.9 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |
Operating leases |  | $ | 56.7 |  |  | $ | 18.4 |  |  | $ | 22.4 |
Finance leases |  | 27.2 |  |  | 8.9 |  |  | 36.4 |
Other information related to leases was as follows:
|  | December 31, 2022
Weighted Average Remaining Lease Term |  |
Operating leases |  | 7.1 years
Finance leases |  | 2.6 years
Weighted Average Discount Rate |  |
Operating leases |  | 7.0 | %
Finance leases |  | 3.0 | %
Future lease payments under non-cancellable leases recorded as of December 31, 2022, were as follows:
|  | Operating Leases |  | Finance Leases
(in millions) |  |  |  |
2023 |  | $ | 61.7 |  |  | $ | 76.0 |
2024 |  | 43.5 |  |  | 93.0 |
2025 |  | 29.8 |  |  | 10.8 |
2026 |  | 21.1 |  |  | 9.4 |
2027 |  | 18.0 |  |  | 7.2 |
Thereafter |  | 62.0 |  |  | 10.3 |
Total future lease payments |  | $ | 236.1 |  |  | $ | 206.7 |
Less imputed interest |  | (50.2) |  |  | (12.4) |
Total |  | $ | 185.9 |  |  | $ | 194.3 |

X
- Definition Entire Disclosure of ASC 842 for Operating and Finance Leases + References No definition available. + Details
Name: | mos_OperatingandFinanceLeasesTextBlock
Namespace Prefix: | mos_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration