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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net sales $ 11,122.8 $ 13,696.1 $ 19,125.2
Cost of goods sold [1] 9,610.9 11,485.5 13,369.4
Gross margin 1,511.9 2,210.6 5,755.8
Selling, general and administrative expenses [2] 496.9 500.5 498.0
Other operating expenses [3] 393.5 372.0 472.5
Operating earnings 621.5 1,338.1 4,785.3
Interest expense, net (182.8) (129.4) (137.8)
Foreign currency transaction (loss) gain (685.8) 194.0 97.5
Equity Method Investment, Realized Gain (Loss) on Disposal 522.2 0.0 0.0
Other income (expense) 40.3 (76.8) (102.5)
Earnings from consolidated companies before income taxes 315.4 1,325.9 4,642.5
Provision for income taxes 186.7 177.0 1,224.3
Earnings from consolidated companies 128.7 1,148.9 3,418.2
Equity in net earnings of nonconsolidated companies 73.3 60.3 196.0
Net earnings including noncontrolling interests 202.0 1,209.2 3,614.2
Less: Net earnings attributable to noncontrolling interests 27.1 44.3 31.4
Net earnings attributable to Mosaic $ 174.9 $ 1,164.9 $ 3,582.8
Basic net earnings per share attributable to Mosaic $ 0.55 $ 3.52 $ 10.17
Basic weighted average number of shares outstanding (in shares) 319.8 331.3 352.4
Diluted net earnings per share attributable to Mosaic $ 0.55 $ 3.50 $ 10.06
Diluted weighted average number of shares outstanding (in shares) 320.7 333.2 356.0
[1] The primary components of cost of goods sold are raw material purchases, including sulfur and ammonia, conversion costs and transportation costs.
[2] Selling, general and administrative expenses include nonmanufacturing payroll expense and professional services expense.
[3] Other operating expenses typically relate to five major categories: (1) AROs, (2) environmental and legal reserves, (3) idle facility costs, (4) insurance reimbursements, and (5) gain/loss on sale or disposal of fixed assets