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Business Segments
 9 Months Ended
Sep. 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 nine months ended September 30, 2023 and 2022 was as follows:
PhosphatePotashMosaic Fertilizantes
Corporate, Eliminations and Other(a)
Total
Three months ended September 30, 2023
Net sales to external customers$898.8 $713.4 $1,730.6 $205.5 $3,548.3 
Intersegment net sales87.6 6.5 — (94.1)— 
Net sales986.4 719.9 1,730.6 111.4 3,548.3 
Gross margin87.5 210.3 106.1 5.7 409.6 
Canadian resource taxes— 85.6 — — 85.6 
Gross margin (excluding Canadian resource taxes)87.5 295.9 106.1 5.7 495.2 
Operating earnings (loss)(57.5)200.0 77.3 (74.0)145.8 
Capital expenditures157.3 84.5 117.7 52.2 411.7 
Depreciation, depletion and amortization expense116.5 65.8 53.9 2.5 238.7 
Three months ended September 30, 2022
Net sales to external customers$1,151.0 $1,399.3 $2,628.7 $169.5 $5,348.5 
Intersegment net sales426.6 32.8 — (459.4)— 
Net sales1,577.6 1,432.1 2,628.7 (289.9)5,348.5 
Gross margin357.9 798.7 348.3 (2.9)1,502.0 
Canadian resource taxes— 258.4 — — 258.4 
Gross margin (excluding Canadian resource taxes)357.9 1,057.1 348.3 (2.9)1,760.4 
Operating earnings (loss)131.2 793.0 323.0 (92.5)1,154.7 
Capital expenditures167.7 77.6 92.5 15.9 353.7 
Depreciation, depletion and amortization expense120.9 76.0 28.5 3.8 229.2 
Nine months ended September 30, 2023
Net sales to external customers$2,951.7 $2,449.7 $4,492.7 $652.5 $10,546.6 
Intersegment net sales702.5 25.5 — (728.0)— 
Net sales3,654.2 2,475.2 4,492.7 (75.5)10,546.6 
Gross margin563.0 959.7 117.8 10.6 1,651.1 
Canadian resource taxes— 301.4 — — 301.4 
Gross margin (excluding Canadian resource taxes)563.0 1,261.1 117.8 10.6 1,952.5 
Operating earnings (loss)354.9 929.3 25.1 (249.7)1,059.6 
Capital expenditures418.3 251.5 267.6 106.1 1,043.5 
Depreciation, depletion and amortization expense362.1 209.8 123.3 7.7 702.9 
Nine months ended September 30, 2022
Net sales to external customers$3,442.3 $3,998.1 $6,377.0 $826.5 $14,643.9 
Intersegment net sales1,432.2 74.0 — (1,506.2)— 
Net sales4,874.5 4,072.1 6,377.0 (679.7)14,643.9 
Gross margin1,527.2 2,305.2 1,017.8 (62.8)4,787.4 
Canadian resource taxes— 690.1 — — 690.1 
Gross margin (excluding Canadian resource taxes)1,527.2 2,995.3 1,017.8 (62.8)5,477.5 
Operating earnings (loss)1,201.8 2,271.4 930.2 (318.7)4,084.7 
Capital expenditures472.7 209.6 206.0 18.5 906.8 
Depreciation, depletion and amortization expense374.4 234.1 80.4 12.0 700.9 
Total Assets
As of September 30, 2023$9,460.0 $9,622.7 $4,976.4 $(1,404.7)$22,654.4 
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 nine months ended September 30, 2023, distribution operations in India and China collectively had revenue of $204.1 million and $642.6 million, respectively, and gross margin of $12.4 million and $(42.7) million, respectively. For the three and nine months ended September 30, 2022, distribution operations in India and China collectively had revenue of $158.6 million and $769.5 million, respectively, and gross margin of $(13.7) million and $137.6 million, respectively.
Financial information relating to our operations by geographic area is as follows:
 Three Months Ended 
 
September 30,		Nine Months Ended 
 
September 30,
(in millions)2023202220232022
Net sales(a):
Brazil$1,659.3 $2,555.0 $4,327.2 $6,198.5 
Canpotex(b)
209.9 968.9 942.0 2,355.2 
China123.8 64.5 358.6 530.2 
India80.3 163.3 291.2 308.2 
Paraguay80.2 71.7 177.0 166.6 
Canada58.8 182.2 274.7 683.9 
Japan33.1 32.8 131.1 104.6 
Peru30.2 17.4 52.2 27.9 
Mexico27.7 29.4 118.8 157.8 
Argentina27.2 93.0 70.3 229.3 
Australia20.4 — 47.8 63.0 
Colombia16.8 7.3 79.2 109.2 
Honduras4.9 1.5 25.2 25.7 
Dominican Republic2.0 11.6 13.1 24.9 
Other18.8 28.9 54.7 71.3 
Total international countries2,393.4 4,227.5 6,963.1 11,056.3 
United States1,154.9 1,121.0 3,583.5 3,587.6 
Consolidated$3,548.3 $5,348.5 $10,546.6 $14,643.9 
______________________________
(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 
 
September 30,		Nine Months Ended 
 
September 30,
(in millions)2023202220232022
Sales by product type:
Phosphate Crop Nutrients$876.3 $1,154.6 $2,601.2 $3,442.5 
Potash Crop Nutrients1,087.1 1,918.6 3,107.4 5,084.8 
Crop Nutrient Blends556.4 867.7 1,633.0 2,158.2 
Performance Products(a)
624.5 916.8 1,855.4 2,286.4 
Phosphate Rock36.9 34.4 125.9 83.7 
Other(b)
367.1 456.4 1,223.7 1,588.3 
$3,548.3 $5,348.5 $10,546.6 $14,643.9 
____________________________________________
(a)Includes sales of MicroEssentials®, K-Mag® and Aspire®.
(b)Includes sales of industrial potash, feed products, nitrogen and other products.