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Business Segments (Tables)

12 Months Ended

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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