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Business Segments
 6 Months Ended
Jun. 30, 2023
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, 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, 2023 and 2022 was as follows:
PhosphatePotashMosaic Fertilizantes
Corporate, Eliminations and Other(a)
Total
Three months ended June 30, 2023
Net sales to external customers$964.0 $835.9 $1,418.8 $175.3 $3,394.0 
Intersegment net sales321.7 12.8 — (334.5)— 
Net sales1,285.7 848.7 1,418.8 (159.2)3,394.0 
Gross margin216.2 336.0 12.8 6.1 571.1 
Canadian resource taxes— 95.0 — — 95.0 
Gross margin (excluding Canadian resource taxes)216.2 431.0 12.8 6.1 666.1 
Operating earnings (loss)146.2 327.8 (20.1)(84.7)369.2 
Capital expenditures119.3 74.2 63.2 53.6 310.3 
Depreciation, depletion and amortization expense129.0 74.4 37.8 3.0 244.2 
Three months ended June 30, 2022
Net sales to external customers$1,138.5 $1,563.1 $2,259.7 $411.8 $5,373.1 
Intersegment net sales662.4 17.1 — (679.5)— 
Net sales1,800.9 1,580.2 2,259.7 (267.7)5,373.1 
Gross margin641.6 927.6 450.2 (173.1)1,846.3 
Canadian resource taxes— 274.5 — — 274.5 
Gross margin (excluding Canadian resource taxes)641.6 1,202.1 450.2 (173.1)2,120.8 
Operating earnings (loss)578.1 915.1 420.5 (239.5)1,674.2 
Capital expenditures157.3 66.9 38.4 — 262.6 
Depreciation, depletion and amortization expense133.0 81.1 26.7 4.2 245.0 
Six months ended June 30, 2023
Net sales to external customers$2,052.9 $1,736.3 $2,762.1 $447.0 $6,998.3 
Intersegment net sales614.9 19.0 — (633.9)— 
Net sales2,667.8 1,755.3 2,762.1 (186.9)6,998.3 
Gross margin475.5 749.3 11.7 5.0 1,241.5 
Canadian resource taxes— 215.8 — — 215.8 
Gross margin (excluding Canadian resource taxes)475.5 965.1 11.7 5.0 1,457.3 
Operating earnings (loss)412.4 729.3 (52.2)(175.7)913.8 
Capital expenditures261.0 167.0 149.9 53.9 631.8 
Depreciation, depletion and amortization expense245.6 144.0 69.4 5.2 464.2 
Six months ended June 30, 2022
Net sales to external customers$2,291.3 $2,598.8 $3,748.3 $657.0 $9,295.4 
Intersegment net sales1,005.6 41.2 — (1,046.8)— 
Net sales3,296.9 2,640.0 3,748.3 (389.8)9,295.4 
Gross margin1,169.3 1,506.5 669.5 (59.9)3,285.4 
Canadian resource taxes— 431.7 — — 431.7 
Gross margin (excluding Canadian resource taxes)1,169.3 1,938.2 669.5 (59.9)3,717.1 
Operating earnings (loss)1,070.6 1,478.4 607.2 (226.2)2,930.0 
Capital expenditures305.0 132.0 113.5 2.6 553.1 
Depreciation, depletion and amortization expense253.5 158.1 51.9 8.2 471.7 
Total Assets
As of June 30, 2023$9,482.1 $9,627.0 $5,630.6 $(1,599.5)$23,140.2 
As of December 31, 20229,570.5 9,582.2 5,562.7 (1,329.4)23,386.0 
______________________________
(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, 2023, distribution operations in India and China collectively had revenue of $171.7 million and $438.5 million, respectively, and gross margin of $(44.3) million and $(55.1) million, respectively. For the three and six months ended June 30, 2022, distribution operations in India and China collectively had revenue of $389.9 million and $610.9 million, respectively, and gross margin of $64.4 million and $151.3 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)2023202220232022
Net sales(a):
Brazil$1,367.3 $2,195.0 $2,667.9 $3,643.5 
Canpotex(b)
300.8 893.8 732.1 1,386.3 
Canada134.8 271.2 215.9 501.7 
India89.5 144.9 210.9 144.9 
China89.4 244.9 234.8 465.7 
Japan59.5 45.3 98.0 71.8 
Paraguay51.2 59.9 96.8 94.9 
Argentina24.2 82.7 43.1 136.3 
Colombia23.4 69.7 62.4 101.9 
Peru15.3 10.5 22.0 10.5 
Mexico13.4 60.5 91.1 128.4 
Honduras12.3 20.8 20.3 24.2 
Dominican Republic8.0 11.1 11.1 13.3 
Australia7.1 39.4 27.4 64.3 
Other17.9 18.6 35.9 41.1 
Total international countries2,214.1 4,168.3 4,569.7 6,828.8 
United States1,179.9 1,204.8 2,428.6 2,466.6 
Consolidated$3,394.0 $5,373.1 $6,998.3 $9,295.4 
______________________________
(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: 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.
Net sales by product type are as follows:
 Three Months Ended 
 
June 30,		Six Months Ended 
 
June 30,
(in millions)2023202220232022
Sales by product type:
Phosphate Crop Nutrients$828.4 $1,329.1 $1,724.9 $2,287.9 
Potash Crop Nutrients1,005.0 1,971.4 2,020.3 3,166.2 
Crop Nutrient Blends423.2 737.5 1,076.6 1,290.5 
Performance Products(a)
690.4 753.2 1,230.9 1,369.6 
Phosphate Rock48.2 22.2 89.0 49.3 
Other(b)
398.8 559.7 856.6 1,131.9 
$3,394.0 $5,373.1 $6,998.3 $9,295.4 
____________________________________________
(a)Includes sales of MicroEssentials®, K-Mag®, Aspire® and Sus-Terra™.
(b)Includes sales of industrial potash, feed products, nitrogen and other products.