Exhibit 99.2

The Mosaic Company

Selected Calendar Quarter Financial Information

(Unaudited)

			Q1 2021			Q2 2021			Q3 2021			Q4 2021			Q1 2022			Q2 2022			Q3 2022			Q4 2022
Consolidated data (in millions, except per share)
Diluted net earnings (loss) per share			$	0.41		$	1.14		$	0.97		$	1.76		$	3.19		$	2.85		$	2.42		$	1.52
Notable items impact on earnings per share(a)			(0.16)			(0.03)			(0.38)			(0.19)			0.78			(0.79)			(0.80)			(0.22)
Adjusted diluted net earnings per share(a)			$	0.57		$	1.17		$	1.35		$	1.95		$	2.41		$	3.64		$	3.22		$	1.74
Diluted weighted average # of shares outstanding			382.8			383.3			383.2			377.5			370.1			363.1			347.7			343.8
Total Net Sales			$	2,297		$	2,801		$	3,419		$	3,841		$	3,922		$	5,373		$	5,348		$	4,481
Cost of goods sold			1,862			2,049			2,554			2,693			2,483			3,526			3,846			3,512
Gross Margin			$	435		$	752		$	865		$	1,148		$	1,439		$	1,847		$	1,502		$	969
SG&A			102			108			98			123			133			108			124			133
Other operating (income) expense(p)			20			160			65			55			50			65			224			136
Operating earnings			$	313		$	484		$	702		$	970		$	1,256		$	1,674		$	1,154		$	700
Interest expense, net			(45)			(37)			(48)			(39)			(40)			(34)			(31)			(34)
Consolidated foreign currency gain/(loss)			(46)			111			(100)			(44)			311			(227)			(61)			75
Earnings from consolidated companies before income taxes			225			559			554			886			1,527			1,377			1,061			677
Provision for (benefit from) income taxes			60			116			177			245			372			369			277			206
Earnings (loss) from consolidated companies			$	165		$	443		$	377		$	641		$	1,155		$	1,008		$	784		$	471
Equity in net earnings (loss) of nonconsolidated companies			(7)			(4)			(1)			20			31			36			72			57
Less: Net earnings (loss) attributable to noncontrolling interests			1			2			4			(4)			4			8			14			5
Net earnings (loss) attributable to Mosaic			$	157		$	437		$	372		$	665		$	1,182		$	1,036		$	842		$	523
After tax Notable items included in earnings			$	(63)		$	(10)		$	(145)		$	(73)		$	288		$	(286)		$	(277)		$	(75)
Gross Margin Rate			19		%	27		%	25		%	30		%	37		%	34		%	28		%	22		%
Effective Tax Rate (including discrete tax)			27		%	21		%	32		%	28		%	24		%	27		%	26		%	30		%
Discrete Tax benefit (expense)			$	(4)		$	49		$	(19)		$	(26)		$	9		$	(14)		$	(12)		$	(9)
Depreciation, Depletion and Amortization			$	209		$	204		$	186		$	214		$	226		$	245		$	229		$	233
Accretion Expense			$	17		$	19		$	18		$	19		$	20		$	20		$	19		$	22
Share-Based Compensation Expense			$	15		$	4		$	5		$	6		$	16		$	(1)		$	6		$	6
Notable Items			$	50		$	8		$	163		$	59		$	(374)		$	361		$	354		$	84
Adjusted EBITDA(b)			$	560		$	829		$	969		$	1,227		$	1,451		$	2,028		$	1,686		$	1,051
Net cash provided by (used in) operating activities			$	319		$	1,015		$	423		$	431		$	506		$	1,585		$	889		$	956
Cash paid for interest (net of amount capitalized)			1			88			18			82			4			80			3			83
Cash paid for income taxes (net of refunds)			83			36			54			36			259			233			253			370
Net cash used in investing activities			$	(309)		$	(271)		$	(351)		$	(392)		$	(297)		$	(265)		$	(355)		$	(343)
Capital expenditures			(289)			(297)			(340)			(363)			(291)			(263)			(354)			(341)
Net cash (used in) provided by financing activities			$	122		$	(82)		$	(618)		$	(107)		$	(125)		$	(1,331)		$	(650)		$	(573)
Cash dividends paid			(19)			(29)			(28)			(28)			(41)			(54)			(51)			(51)
Effect of exchange rate changes on cash			$	(20)		$	69		$	(32)		$	(5)		$	31		$	(33)		$	(20)		$	(8)
Net change in cash and cash equivalents			$	112		$	731		$	(579)		$	(72)		$	115		$	(44)		$	(135)		$	32
Short-term debt			$	15		$	—		$	—		$	303		$	481		$	17		$	201		$	225
Long-term debt (including current portion)			4,470			4,463			3,995			3,979			3,977			3,960			3,959			3,397
Cash & cash equivalents			692			1,418			843			770			882			839			703			735
Net debt			$	3,793		$	3,045		$	3,152		$	3,512		$	3,576		$	3,138		$	3,457		$	2,887
Segment Contributions (in millions)
Phosphates			$	1,001		$	1,175		$	1,281		$	1,466		$	1,496		$	1,801		$	1,577		$	1,310
Potash			477			663			589			897			1,060			1,580			1,432			1,136
Mosaic Fertilizantes			764			1,036			1,755			1,535			1,488			2,260			2,629			1,910
Corporate and Other(c)			55			(73)			(206)			(57)			(122)			(268)			(290)			125
Total net sales			$	2,297		$	2,801		$	3,419		$	3,841		$	3,922		$	5,373		$	5,348		$	4,481
Phosphates			$	153		$	283		$	326		$	418		$	493		$	578		$	131		$	145
Potash			125			49			220			443			563			915			793			497
Mosaic Fertilizantes			90			170			290			195			187			420			323			(20)
Corporate and Other(c)			(55)			(18)			(134)			(86)			13			(239)			(93)			78
Consolidated operating earnings (loss)			$	313		$	484		$	702		$	970		$	1,256		$	1,674		$	1,154		$	700

Phosphates(d)			2,062			1,982			1,836			1,813			1,661			1,675			1,651			1,571
Potash(d)			1,980			2,326			1,808			2,072			1,792			2,304			2,142			1,863
Mosaic Fertilizantes			2,064			2,341			3,350			2,347			1,822			2,320			2,824			2,472
Corporate and Other			475			427			292			432			370			533			221			466
Total finished product tonnes sold ('000 tonnes)			6,581			7,076			7,286			6,664			5,645			6,832			6,838			6,372
Sales of Performance Products (third party) ('000 tonnes) (e)			1,023			917			1,132			1,077			711			741			790			1,265

The Mosaic Company - Phosphates Segment

Selected Calendar Quarter Financial Information

(Unaudited)

			Q1 2021			Q2 2021			Q3 2021			Q4 2021			Q1 2022			Q2 2022			Q3 2022			Q4 2022
Net Sales and Gross Margin (in millions, except per tonne)
Segment income statement
Net Sales			$	1,001		$	1,175		$	1,281		$	1,466		$	1,496		$	1,801		$	1,577		$	1,310
Cost of Goods Sold			828			866			917			1,006			968			1,159			1,219			1,078
Gross Margin			$	173		$	309		$	364		$	460		$	528		$	642		$	358		$	232
Notable Items Included in Gross Margin			—			—			(17)			(9)			—			—			(9)			(30)
Adjusted Gross Margin(b)			$	173		$	309		$	381		$	469		$	528		$	642		$	367		$	262
SG&A			10			10			7			15			8			10			8			15
Other operating (income) expense			10			16			31			27			27			54			219			72
Operating Earnings			$	153		$	283		$	326		$	418		$	493		$	578		$	131		$	145
Plus: Depreciation, Depletion and Amortization			102			106			106			115			120			133			121			111
Plus: Accretion Expense			12			10			13			13			13			14			13			15
Plus: Foreign Exchange Gain (Loss)			6			8			6			(11)			(7)			—			3			(4)
Plus: Other Non operating Income (Expense)			5			2			1			—			—			(24)			1			(9)
Less: Earnings (loss) from Consolidated Noncontrolling Interests			3			2			4			(3)			4			9			14			5
Plus: Notables Items			(4)			1			31			33			17			66			226			95
Adjusted EBITDA(b)			$	271		$	408		$	479		$	571		$	632		$	758		$	481		$	348
Capital expenditures			$	153		$	150		$	161		$	187		$	148		$	157		$	168		$	159
Gross Margin $ / tonne of finished product			$	84		$	156		$	198		$	254		$	318		$	383		$	217		$	148
Adjusted Gross Margin $ / tonne of finished product			$	84		$	156		$	208		$	259		$	318		$	383		$	222		$	167
Gross margin as a percent of sales			17		%	26		%	28		%	31		%	35		%	36		%	23		%	18		%
Freight included in finished goods (in millions)			$	97		$	103		$	96		$	103		$	90		$	94		$	98		$	95
Idle/Turnaround costs (excluding notable items)			$	41		$	38		$	33		$	25		$	31		$	79		$	79		$	70
Operating Data
Sales volumes ('000 tonnes)(d)
DAP/MAP			1,210			880			907			907			917			814			824			844
Performance products(f)			724			971			812			813			659			780			750			640
Other products(i)			128			131			117			93			85			81			77			87
Total Finished Product(d)			2,062			1,982			1,836			1,813			1,661			1,675			1,651			1,571
DAP selling price (fob plant)(r)			$	426		$	544		$	605		$	676		$	785		$	920		$	809		$	722
Average finished product selling price (destination)(g)			$	477		$	580		$	681		$	758		$	877		$	1,048		$	924		$	794
Production Volumes ('000 tonnes)
Total tonnes produced(h)			1,911			1,827			1,738			1,857			1,745			1,636			1,664			1,602
Operating Rate			77		%	73		%	70		%	75		%	70		%	66		%	67		%	65		%
Raw Materials
Ammonia used in production (tonnes)			281			256			255			287			258			236			236			243
% manufactured ammonia used in production			23		%	29		%	20		%	20		%	34		%	22		%	5		%	42		%
Sulfur used in production			841			824			792			848			818			764			781			745
% prilled sulfur used in production			27		%	18		%	21		%	17		%	11		%	5		%	—		%	3		%
Realized costs ($/tonne)
Ammonia (tonne)(j)			$	316		$	382		$	424		$	463		$	532		$	591		$	665		$	653
Sulfur (long ton)(k)			$	119		$	172		$	214		$	229		$	281		$	385		$	436		$	348
Blended rock			$	61		$	60		$	59		$	64		$	61		$	64		$	68		$	78
Phosphates cash conversion costs / production tonne(s)			$	63		$	68		$	68		$	71		$	76		$	86		$	85		$	96
Cash costs of U.S. mined rock / production tonne(t)			$	36		$	37		$	41		$	44		$	50		$	46		$	41		$	48
ARO cash spending (in millions)			$	32		$	33		$	26		$	26		$	33		$	28		$	33		$	43

MWSPC equity earnings (loss)			$	(8)		$	(7)		$	(1)		$	20		$	31		$	34		$	72		$	58
MWSPC total sales tonnes (DAP/MAP/NPK)			612			360			486			653			592			413			599			684
Miski Mayo external sales revenue			$	7		$	7		$	15		$	14		$	17		$	18		$	21		$	38

The Mosaic Company - Potash Segment

Selected Calendar Quarter Financial Information

(Unaudited)

			Q1 2021			Q2 2021			Q3 2021			Q4 2021			Q1 2022			Q2 2022			Q3 2022			Q4 2022
Net Sales and Gross Margin (in millions, except per tonne)
Segment income statement
Net Sales			$	477		$	663		$	589		$	897		$	1,060		$	1,580		$	1,432		$	1,136
Cost of Goods Sold			337			446			353			433			481			652			633			598
Gross Margin			$	140		$	217		$	236		$	464		$	579		$	928		$	799		$	538
Notable Items Included in Gross Margin			(22)			(15)			—			—			—			—			—			—
Adjusted Gross Margin(b)			$	162		$	232		$	236		$	464		$	579		$	928		$	799		$	538
SG&A			7			8			8			11			7			8			6			9
Other operating (income) expense (p)			8			160			8			10			9			5			—			32
Operating Earnings			$	125		$	49		$	220		$	443		$	563		$	915		$	793		$	497
Plus: Depreciation, Depletion and Amortization			80			70			50			68			77			81			76			73
Plus: Accretion Expense			2			4			2			2			2			2			2			2
Plus: Foreign Exchange Gain (Loss)			15			28			(38)			3			17			(23)			(19)			6
Plus: Other Non operating Income (Expense)			—			—			—			—			—			—			—			—
Plus: Notable Items			(10)			134			38			1			(8)			23			19			19
Adjusted EBITDA(b)			$	212		$	285		$	272		$	517		$	651		$	998		$	871		$	597
Capital expenditures			$	97		$	98		$	123		$	92		$	65		$	67		$	78		$	72
Gross Margin $ / tonne of finished product			$	71		$	93		$	131		$	224		$	323		$	403		$	373		$	289
Adjusted Gross Margin $ / tonne of finished product			$	82		$	100		$	131		$	224		$	323		$	403		$	373		$	289
Gross margin as a percent of sales			29		%	33		%	40		%	52		%	55		%	59		%	56		%	47		%
Supplemental Cost Information
Canadian resource taxes			$	35		$	54		$	57		$	113		$	157		$	274		$	258		$	238
Royalties			$	9		$	10		$	8		$	15		$	27		$	32		$	31		$	24
Freight(l)			$	78		$	99		$	60		$	65		$	70		$	76		$	55		$	66
Idle/Turnaround costs (excluding notable items)			$	2		$	13		$	36		$	11		$	15		$	9		$	13		$	24
Operating Data
Sales volumes ('000 tonnes)(d)
MOP			1,747			2,064			1,547			1,870			1,532			2,045			1,952			1,707
Performance products(m)			221			252			202			187			243			245			178			143
Other products(i)			12			10			59			15			17			14			12			13
Total Finished Product(d)			1,980			2,326			1,808			2,072			1,792			2,304			2,142			1,863
Crop Nutrients North America			876			1,117			642			610			618			727			439			594
Crop Nutrients International			967			1,061			1,067			1,301			1,020			1,415			1,574			1,145
Non-Agricultural			137			148			99			161			154			162			129			125
Total Finished Product(d)			1,980			2,326			1,808			2,072			1,792			2,304			2,142			1,863
MOP selling price (fob mine)(o)			$	200		$	243		$	290		$	414		$	582		$	678		$	666		$	581
Average finished product selling price (destination)(g)			$	241		$	285		$	326		$	433		$	591		$	686		$	669		$	610
Production Volumes ('000 tonnes)
Production Volume			2,285			2,131			1,580			2,208			2,200			2,436			2,266			2,151
Operating Rate			94		%	88		%	65		%	81		%	80		%	87		%	81		%	77		%
MOP cash costs of production excluding brine / production tonne(n)			$	64		$	62		$	72		$	71		$	81		$	78		$	78		$	76
ARO cash spending (in millions)			$	1		$	3		$	7		$	15		$	18		$	13		$	11		$	5

Average CAD / USD $ 1.266  $ 1.229  $ 1.259  $ 1.261  $ 1.267  $ 1.276  $ 1.304  $ 1.358 

The Mosaic Company - Mosaic Fertilizantes Segment

Selected Calendar Quarter Financial Information

(Unaudited)

			Q1 2021			Q2 2021			Q3 2021			Q4 2021			Q1 2022			Q2 2022			Q3 2022			Q4 2022
Net Sales and Gross Margin (in millions, except per tonne)
Segment income statement
Net Sales			$	764		$	1,036		$	1,755		$	1,535		$	1,488		$	2,260		$	2,629		$	1,910
Cost of Goods Sold			661			852			1,423			1,313			1,269			1,810			2,281			1,882
Gross Margin			$	103		$	184		$	332		$	222		$	219		$	450		$	348		$	28
Notable Items Included in Gross Margin			—			(6)			3			23			(18)			—			14			(1)
Adjusted Gross Margin(b)			$	103		$	190		$	329		$	199		$	237		$	450		$	334		$	29
SG&A			18			18			20			24			21			27			25			29
Other operating (income) expense			(5)			(4)			22			3			11			3			—			19
Operating Earnings			$	90		$	170		$	290		$	195		$	187		$	420		$	323		$	(20)
Plus: Depreciation, Depletion and Amortization			23			24			26			28			25			27			28			45
Plus: Accretion Expense			3			4			3			4			4			4			4			5
Plus: Foreign Exchange Gain (Loss)			(33)			34			(40)			(31)			119			(83)			(66)			38
Plus: Other Non operating Income (Expense)			(1)			(2)			(2)			(1)			(1)			(1)			(1)			(1)
Less: Earnings from Consolidated Noncontrolling Interests			—			(1)			—			—			—			(1)			—			—
Plus: Notable Items			22			(28)			40			2			(101)			76			55			(38)
Adjusted EBITDA(b)			$	104		$	203		$	317		$	197		$	233		$	444		$	343		$	29
Capital expenditures			$	39		$	44		$	52		$	81		$	75		$	39		$	92		$	100
Gross Margin $ / tonne of finished product			$	50		$	78		$	99		$	95		$	120		$	194		$	123		$	11
Adjusted Gross Margin $ / tonne of finished product			$	50		$	81		$	98		$	85		$	130		$	194		$	118		$	12
Gross margin as a percent of sales			13		%	18		%	19		%	14		%	15		%	20		%	13		%	1		%
Idle/Turnaround costs (excluding notable items)			$	5		$	9		$	16		$	25		$	9		$	30		$	44		$	29
Operating Data
Sales volumes ('000 tonnes)
Phosphate produced in Brazil			536			686			722			599			737			638			488			505
Potash produced in Brazil			63			66			56			59			46			46			33			40
Purchased nutrients for distribution(q)			1,465			1,589			2,572			1,689			1,039			1,636			2,303			1,927
Total Finished Product			2,064			2,341			3,350			2,347			1,822			2,320			2,824			2,472
Sales of Performance Products ('000 tonnes)(e)			$	176		$	299		$	584		$	375		$	155		$	290		$	574		$	473
Brazil MAP price (Brazil production delivered price to third party)			$	421		$	589		$	622		$	765		$	882		$	1,021		$	866		$	663
Average finished product selling price (destination)(g)			$	370		$	442		$	524		$	654		$	817		$	974		$	931		$	773
Production Volumes ('000 tonnes)
MAP			235			218			210			233			261			266			174			261
TSP			107			127			130			102			131			129			85			82
SSP			301			287			350			349			312			275			343			332
DCP			106			117			130			124			127			85			114			126
NPK			54			52			65			55			64			55			25			49
Total phosphate tonnes produced			803			801			885			863			895			810			741			851
MOP			82			92			97			97			94			38			69			100
Phosphate operating rate			82		%	82		%	91		%	89		%	92		%	83		%	76		%	87		%
Potash operating rate			63		%	71		%	75		%	74		%	72		%	29		%	55		%	80		%
Realized Costs ($/tonne)
Ammonia/tonne(j)			$	381		$	527		$	640		$	775		$	1,145		$	1,396		$	1,267		$	1,354

Sulfur (long ton)(k)			$	124		$	177		$	222		$	251		$	337		$	384		$	432		$	402
Blended rock			$	73		$	80		$	81		$	83		$	105		$	102		$	106		$	106
Purchases ('000 tonnes)
DAP/MAP from Mosaic			64			96			62			89			102			102			30			38
MicroEssentials® from Mosaic			203			418			344			243			248			448			370			205
Potash from Mosaic/Canpotex			489			473			1,023			550			398			663			798			417
Phosphate cash conversion costs in BRL, Production / tonne(s)			R$334			R$359			R$347			R$388			R$403			R$506			R$533			R$483
Potash cash conversion costs in BRL, production / tonne			R$879			R$1,076			R$986			R$1,059			R$1,296			R$2,285			R$1,591			R$1,176
Mined rock costs in BRL, cash produced / tonne			R$392			R$409			R$430			R$456			R$557			R$500			R$525			R$632
ARO cash spending (in millions)			$	5		$	5		$	5		$	5		$	2		$	4		$	5		$	11
Average BRL / USD			$	5.470		$	5.301		$	5.225		$	5.579		$	5.235		$	4.917		$	5.244		$	5.255

The Mosaic Company - Corporate and Other Segment

Selected Calendar Quarter Financial Information

(Unaudited)

			Q1 2021			Q2 2021			Q3 2021			Q4 2021			Q1 2022			Q2 2022			Q3 2022			Q4 2022
Net Sales and Gross Margin (in millions)
Segment income statement
Net Sales			$	55		$	(73)		$	(206)		$	(57)		$	(122)		$	(268)		$	(290)		$	125
Cost of Goods Sold			36			(115)			(139)			(59)			(235)			(95)			(287)			(46)
Gross Margin (Loss)			$	19		$	42		$	(67)		$	2		$	113		$	(173)		$	(3)		$	171
Notable items Included in Gross Margin			(8)			38			(26)			(18)			100			(62)			(76)			14
Adjusted Gross Margin (Loss)(b)			$	27		$	4		$	(41)		$	20		$	13		$	(111)		$	73		$	157
SG&A			67			72			63			73			97			63			85			80
Other operating (income) expense			7			(12)			4			15			3			3			5			13
Operating Earnings (Loss)			$	(55)		$	(18)		$	(134)		$	(86)		$	13		$	(239)		$	(93)		$	78
Plus: Depreciation, Depletion and Amortization			4			4			4			3			4			4			4			4
Plus: Share-Based Compensation Expense			15			4			5			6			16			(1)			6			6
Plus: Foreign Exchange Gain (Loss)			(34)			41			(28)			(4)			182			(121)			21			34
Plus: Other Non operating Income (Expense)			—			1			—			—			2			(11)			(1)			(53)
Less: Earnings (Loss) from Consolidated Noncontrolling Interests			(1)			—			—			—			—			—			—			—
Plus: Notable Items			42			(99)			54			23			(282)			196			54			8
Adjusted EBITDA(b)			$	(27)		$	(67)		$	(99)		$	(58)		$	(65)		$	(172)		$	(9)		$	77
Elimination of profit in inventory income (loss) included in COGS			$	(3)		$	(39)		$	(60)		$	(29)		$	(76)		$	(180)		$	104		$	171
Unrealized gain (loss) on derivatives included in COGS			$	(8)		$	38		$	(26)		$	(17)		$	100		$	(59)		$	(76)		$	14
Operating Data
Sales volumes ('000 tonnes)			475			427			292			432			370			533			221			466
Sales of Performance Products ('000 tonnes)			29			28			13			12			1			14			9			6
Average finished product selling price (destination)(g)			$	336		$	421		$	466		$	539		$	597		$	732		$	720		$	692
Purchases ('000 tonnes)
DAP/MAP from Mosaic			—			—			—			—			—			—			6			47
MicroEssentials® from Mosaic			—			5			1			4			15			—			15			1
Potash from Mosaic/Canpotex			400			163			218			304			220			471			332			337

The Mosaic Company

Selected Calendar Quarter Financial Information

(Unaudited)

Notable Items

Q4 2022
Description			Segment			Line Item						Amount (in millions)						Tax Effect(u) (in millions)						EPS Impact (per basic share)
Foreign currency transaction gain (loss)			Consolidated			Foreign currency transaction gain (loss)						$	75					$	(18)					$	0.16
Unrealized gain (loss) on derivatives			Corporate and Other			Cost of goods sold						14						(4)						0.03
Closed and indefinitely idled facility costs			Phosphate			Other operating income (expense)						(11)						3						(0.03)
FX functional currency			Mosaic Fertilizantes			Cost of goods sold						(1)						—						—
Fixed asset write-off			Phosphate			Other operating income (expense)						(6)						2						(0.01)
ARO Adjustment			Potash			Other operating income (expense)						3						(1)						0.01
Discrete tax items			Consolidated			(Provision for) benefit from income taxes						—						(9)						(0.03)
Realized gain (loss) on RCRA Trust Securities			Phosphates			Other non-operating income (expense)						(20)						5						(0.04)
Environmental reserve			Phosphates			Other operating income (expense)						(44)						11						(0.09)
Hurricane Ian idle costs			Phosphates			Cost of goods sold						(30)						8						(0.07)
Insurance proceeds			Phosphates			Other operating income (expense)						5						(1)						0.01
Pension plan termination settlement			Consolidated			Other non-operating income (expense)						(42)						10						(0.09)
Environmental reserve			Potash			Other operating income (expense)						(28)						7						(0.06)
Lease termination and severance			Corporate and Other			Other operating income (expense)						(4)						1						(0.01)
Total Notable Items												$	(89)					$	14					$	(0.22)

Q3 2022
Description			Segment			Line Item						Amount (in millions)						Tax Effect(u) (in millions)						EPS Impact (per basic share)
Foreign currency transaction gain (loss)			Consolidated			Foreign currency transaction gain (loss)						$	(61)					$	16					$	(0.13)
Unrealized gain (loss) on derivatives			Corporate and Other			Cost of goods sold						(76)						20						(0.16)
Closed and indefinitely idled facility costs			Phosphate			Other operating income (expense)						(12)						4						(0.02)
FX functional currency			Mosaic Fertilizantes			Cost of goods sold						14						(4)						0.03
Discrete tax items			Consolidated			(Provision for) benefit from income taxes						—						(12)						(0.04)
ARO Adjustment			Phosphates			Other operating income (expense)						(143)						36						(0.31)
Environmental reserve			Phosphates			Other operating income (expense)						(71)						18						(0.15)
Hurricane Ian idle costs			Phosphates			Cost of goods sold						(9)						2						(0.02)
Insurance proceeds			Phosphates			Other operating income (expense)						4						(1)						0.01
ARO Adjustment			Mosaic Fertilizantes			Other operating income (expense)						(3)						1						(0.01)
Total Notable Items												$	(357)					$	80					$	(0.80)

Q2 2022
Description			Segment			Line Item						Amount (in millions)						Tax Effect(u) (in millions)						EPS Impact (per basic share)
Foreign currency transaction gain (loss)			Consolidated			Foreign currency transaction gain (loss)						$	(227)					$	57					$	(0.47)
Unrealized gain (loss) on derivatives			Corporate and Other			Cost of goods sold						(59)						15						(0.12)
Closed and indefinitely idled facility costs			Phosphate			Other operating income (expense)						(9)						3						(0.03)
Discrete tax items			Consolidated			(Provision for) benefit from income taxes						—						(14)						(0.04)
Realized gain (loss) on RCRA Trust Securities			Phosphates			Other non-operating income (expense)						(26)						7						(0.05)
Gain on sale of plant			Mosaic Fertilizantes			Other operating income (expense)						7						(2)						0.02
ARO Adjustment			Phosphates			Other operating income (expense)						(5)						1						(0.01)
Environmental reserve			Phosphates			Other operating income (expense)						(30)						7						(0.06)
Write down of investment			Corporate and Other			Other non-operating income (expense)						(12)						3						(0.02)
Inventory lower of cost or market			Corporate and Other			Cost of goods sold						(3)						1						(0.01)
Total Notable Items												$	(364)					$	78					$	(0.79)

Q1 2022
Description			Segment			Line Item						Amount (in millions)						Tax Effect(u) (in millions)						EPS Impact (per basic share)
Foreign currency transaction gain (loss)			Consolidated			Foreign currency transaction gain (loss)						$	311					$	(78)					$	0.62
Unrealized gain (loss) on derivatives			Corporate and Other			Cost of goods sold						100						(25)						0.21
Closed and indefinitely idled facility costs			Phosphate			Other operating income (expense)						(9)						3						(0.02)
FX functional currency			Mosaic Fertilizantes			Cost of goods sold						(18)						5						(0.03)
Fixed asset write-off			Phosphate			Other operating income (expense)						(4)						1						(0.01)
ARO Adjustment			Potash			Other operating income (expense)						(9)						2						(0.02)
Discrete tax items			Consolidated			(Provision for) benefit from income taxes						—						9						0.03
Total Notable Items												$	371					$	(83)					$	0.78

Q4 2021
Description			Segment			Line Item						Amount (in millions)						Tax Effect(u) (in millions)						EPS Impact (per basic share)
Foreign currency transaction gain (loss)			Consolidated			Foreign currency transaction gain (loss)						$	(44)					$	11					$	(0.09)
Unrealized gain (loss) on derivatives			Corporate and Other			Cost of goods sold						(18)						5						(0.03)
Closed and indefinitely idled facility costs			Phosphates			Other operating income (expense)						(9)						3						(0.02)
Pre-acquisition reserve adjustment			Mosaic Fertilizantes			Other operating income (expense)						5						(2)						0.01
Realized gain on RCRA Trust Securities			Phosphates			Other non-operating income (expense)						(2)						1						—
Discrete tax items			Consolidated			(Provision for) benefit from income taxes						—						(26)						(0.06)
ARO Adjustment			Phosphates			Other operating income (expense)						(5)						1						(0.01)
FX functional currency			Mosaic Fertilizantes			Cost of goods sold						23						(6)						0.04
Hurricane Ida recovery			Phosphates			Cost of goods sold/Other income (expense)						(9)						2						(0.02)
ARO Adjustment			Potash			Other operating income (expense)						(4)						1						(0.01)
Total Notable Items												$	(63)					$	(10)					$	(0.19)

Q3 2021
Description			Segment			Line Item						Amount (in millions)						Tax Effect(u) (in millions)						EPS Impact (per basic share)
Foreign currency transaction gain (loss)			Consolidated			Foreign currency transaction gain (loss)						$	(100)					$	25					$	(0.19)
Unrealized gain (loss) on derivatives			Corporate and Other			Cost of goods sold						(26)						6						(0.05)
Closed and indefinitely idled facility costs			Phosphates			Other operating income (expense)						(11)						3						(0.03)
Pre-acquisition reserve adjustment			Mosaic Fertilizantes			Other operating income (expense)						(3)						1						(0.01)
Discrete tax items			Consolidated			(Provision for) benefit from income taxes						—						(19)						(0.05)
ARO Adjustment			Phosphates			Other operating income (expense)						(13)						3						(0.03)
FX functional currency			Mosaic Fertilizantes			Cost of goods sold						3						(1)						0.01
Hurricane Ida recovery			Phosphates			Cost of goods sold/Other income (expense)						(18)						5						(0.03)
Total Notable Items												$	(168)					$	23					$	(0.38)

Q2 2021
Description			Segment			Line Item						Amount (in millions)						Tax Effect(u) (in millions)						EPS Impact (per basic share)
Foreign currency transaction gain (loss)			Consolidated			Foreign currency transaction gain (loss)						$	111					$	(27)					$	0.21
Unrealized gain (loss) on derivatives			Corporate and Other			Cost of goods sold						38						(10)						0.08
Closed and indefinitely idled facility costs			Phosphates			Other operating income (expense)						(11)						3						(0.02)
Closed and indefinitely idled facility costs			Potash			Other operating income (expense)						(4)						1						—
Accelerated depreciation			Potash			Cost of goods sold						(15)						4						(0.04)
Realized gain on RCRA Trust Securities			Phosphates			Other non-operating income (expense)						1						—						—
Discrete tax items			Consolidated			(Provision for) benefit from income taxes						—						6						0.01
ARO Adjustment			Phosphates			Other operating income (expense)						(3)						1						—
FX functional currency			Mosaic Fertilizantes			Cost of goods sold						(6)						1						(0.01)
Esterhazy closure costs			Potash			Restructuring						(158)						43						(0.30)
Gain on sale of warehouse			Corporate and Other			Other operating income (expense)						20						(5)						0.04
Total Notable Items												$	(27)					$	17					$	(0.03)

Q1 2021
Description			Segment			Line Item						Amount (in millions)						Tax Effect(u) (in millions)						EPS Impact (per basic share)
Foreign currency transaction gain (loss)			Consolidated			Foreign currency transaction gain (loss)						$	(46)					$	10					$	(0.09)
Unrealized gain (loss) on derivatives			Corporate and Other			Cost of goods sold						(8)						2						(0.02)
Closed and indefinitely idled facility costs			Phosphates			Other operating income (expense)						(10)						3						(0.02)
Closed and indefinitely idled facility costs			Potash			Other operating income (expense)						(5)						2						(0.01)
Accelerated depreciation			Potash			Cost of goods sold						(22)						5						(0.04)
Pre-acquisition reserve adjustment			Mosaic Fertilizantes			Other operating income (expense)						11						(3)						0.02
Realized gain on RCRA Trust Securities			Phosphates			Other non-operating income (expense)						3						(1)						0.01
Discrete tax items			Consolidated			(Provision for) benefit from income taxes						—						(4)						(0.01)
Total Notable Items												$	(77)					$	14					$	(0.16)

Footnotes

(a)Notable items impact on Earnings Per Share is calculated as notable item amount plus income tax effect, based on expected annual effective tax rate, divided by diluted weighted average shares. Adjusted Diluted Net Earnings per Share is defined as diluted net earnings (loss) per share excluding the impact of notable items. See "Non-GAAP Reconciliations".

(b)See definition of Adjusted EBITDA and Adjusted Gross Margin under "Non-GAAP Reconciliations".

(c)Includes elimination of intersegment sales.

(d)Finished product sales volumes include intersegment sales.

(e)Includes MicroEssentials, K-Mag, Aspire and Sus-Terra sales tonnes.

(f)Includes MicroEssentials performance products.

(g)Average price of all finished products sold by Potash, Phosphates, Mosaic Fertilizantes and India/China.

(h)Includes crop nutrient dry concentrates and animal feed ingredients.

(i)Includes finished goods sales of feed and other products.

(j)Amounts are representative of our average ammonia costs in cost of goods sold.

(k)Amounts are representative of our average sulfur costs in cost of goods sold.

(l)Includes inbound freight, outbound freight and warehousing costs on K-Mag, animal feed and domestic MOP sales.

(m)Includes K-Mag and Aspire finished performance products.

(n)MOP cash costs of production are reflective of actual costs during the period excluding brine management costs, depreciation, depletion, accretion, carbon-based and Canadian resource tax, idle and turnaround costs. Total Production costs for MOP production excludes K-Mag costs, Aspire raw material costs and incremental Aspire operating costs.

(o)Excludes industrial and feed sales. Price has been calculated using the average monthly foreign exchange rate.

(p)Includes $158 million related to the closure of the Esterhazy K1 and K2 mine shafts in Q2 2021.

(q)Includes sales volumes of phosphate and potash nutrients purchased from other Mosaic segments and Canpotex.

(r)Includes intersegment sales.

(s)Total production costs less depreciation, ARO costs including accretion and idle and turnaround costs divided by metric tonnes of finished phosphate production in the period. 

(t)Total production costs less depreciation, ARO costs including accretion and idle and turnaround costs divided by metric tonnes of rock produced in the period. 

(u)Tax impact is based on our expected annual effective tax rate.

The Mosaic Company

Selected Calendar Quarter Financial Information

(Unaudited)

Non-GAAP Financial Measures

In addition to financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), Mosaic has presented in this Selected Calendar Quarter Financial Information certain non-GAAP financial measures, or measures calculated based on non-GAAP financial measures, including: Adjusted Diluted Net Earnings Per Share, Consolidated Adjusted EBITDA, Segment Adjusted EBITDA, and Adjusted Gross Margin. Generally, a non-GAAP financial measure is a supplemental numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. Each of the non-GAAP financial measures we present is determined as described below.

The non-GAAP financial measures we present should not be considered as substitutes for, or superior to, measures of financial performance prepared in accordance with GAAP. In addition, because these non-GAAP measures, as presented, are not determined in accordance with GAAP, they are thus susceptible to varying interpretations and calculations and may not be comparable to other similarly titled measures of other companies.

Adjusted Diluted Net Earnings Per Share

Adjusted diluted net earnings per share is defined as diluted net earnings per share, excluding the impact of notable items. Notable items impact on diluted net earnings per share is calculated as notable item amount plus income tax effect, based on expected annual effective tax rate, divided by diluted weighted average shares. Management believes that adjusted diluted net earnings per share provides securities analysts, investors and others, in addition to management, with useful supplemental information regarding our performance by excluding certain items that may not be indicative of or are unrelated to our core operating results. Management utilizes adjusted diluted net earnings per share in analyzing and assessing Mosaic’s overall performance, for financial and operating decision-making, and to forecast and plan for the future periods. Adjusted diluted net earnings per share also assists our management in comparing our and our competitors' operating results. Reconciliations of adjusted diluted net earnings per share to diluted net earnings per share for the periods presented are provided under “Consolidated Data” on the first page of this Selected Calendar Quarter Financial Information.

Consolidated Adjusted EBITDA

Consolidated Adjusted EBITDA is defined as consolidated Net Income (Loss) before net interest expense, depreciation, depletion and amortization, asset retirement obligation accretion, share-based compensation expense and provision for/(benefit) from income taxes. Consolidated Adjusted EBITDA is also adjusted for notable items that management excludes in analyzing our performance. Consolidated Adjusted EBITDA is a non-GAAP financial measure that we provide to assist securities analysts, investors, lenders and others in their comparisons of operational performance, valuation and debt capacity across companies with differing capital, tax and legal structures. Consolidated Adjusted EBITDA should not be considered as an alternative to, or more meaningful than, consolidated Net Income (Loss) as a measure of operating performance. A reconciliation of Consolidated Net Income (Loss) to Consolidated Adjusted EBITDA is provided below.

(in millions)			Q1 2021			Q2 2021			Q3 2021			Q4 2021			Q1 2022			Q2 2022			Q3 2022			Q4 2022
Consolidated Net Income (Loss)			$	157		$	437		$	372		$	665		$	1,182		$	1,036		$	842		$	523
Less: Consolidated Interest Expense, Net			(45)			(37)			(48)			(39)			(40)			(34)			(31)			(34)
Plus: Consolidated Depreciation, Depletion & Amortization			209			204			186			214			226			245			229			233
Plus: Accretion Expense			17			19			17			19			20			20			19			22
Plus: Share-Based Compensation Expense			15			4			5			6			16			(1)			6			6
Plus: Consolidated Provision for (Benefit from) Income Taxes			60			116			177			245			372			369			277			206
Less: Equity in net earnings (loss) of nonconsolidated companies, net of dividends			(7)			(4)			(1)			20			31			36			72			57
Plus: Notable Items not included above			50			8			163			59			(374)			361			354			84
Consolidated Adjusted EBITDA			$	560		$	829		$	969		$	1,227		$	1,451		$	2,028		$	1,686		$	1,051

Segment Adjusted EBITDA

Adjusted EBITDA presented at the segment level is defined as the related segment's operating earnings (loss) plus depreciation, depletion and amortization plus asset retirement obligation accretion plus foreign exchange gain (loss) plus other income (expense) plus equity earnings (loss) less equity earnings (loss) from noncontrolling interests. Adjusted EBITDA is also

adjusted for notable items that management excludes in analyzing our performance. We provide these non-GAAP financial measures because we believe they are relevant and useful to securities analysts, investors and others because they are part of our internal management reporting and planning process, and our management uses these measures to evaluate the operational performance and valuation of our segments. Management also uses these measures as a method of comparing segment, performance with that of its competitors. Segment Adjusted EBITDA should not be considered as alternatives to, or more meaningful than, segment Operating Earnings (Loss) and segment Operating Earnings (Loss)/sales tonne, respectively, as measures of operating performance. Management believes Operating Earnings (Loss) and segment Operating Earnings (Loss)/sales tonne, respectively, are the most directly comparable GAAP measures because we do not allocate taxes on a segment basis. Reconciliations of Segment Adjusted EBITDA to segment Operating Earnings (Loss) and segment Operating (Loss) Earnings/sales tonne, respectively, are provided as part of each segment's Selected Calendar Quarter Financial Information.

Adjusted Gross Margin

Adjusted gross margin is defined as gross margin excluding the impact of notable items. Management believes the adjusted measures provides security analysts, investors, management & others with useful supplemental information regarding our performance by excluding certain items that may not be indicative of, or are unrelated to, our core operating results. Management utilizes adjusted gross margin in analyzing and assessing Mosaic's overall performance for financial and operating decision-making and to forecast and plan for future periods.