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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenue $ 8,086.2 $ 6,633.0 $ 16,280.4 $ 11,823.9
Cost of revenue 7,855.2 6,414.5 15,818.0 11,383.9
Gross profit 231.0 218.5 462.4 440.0
Operating expenses:        
Compensation and employee benefits 102.3 103.7 206.8 199.6
Provision for bad debt 1.5 2.5 3.9 3.9
General and administrative 76.0 66.8 150.1 129.9
Total operating expenses 179.7 173.0 360.9 333.4
Income from operations 51.2 45.6 101.6 106.6
Non-operating expenses, net:        
Interest expense and other financing costs, net (13.8) (8.1) (26.5) (15.7)
Other (expense) income, net (2.6) (0.6) (4.1) 0.7
Total non-operating expenses, net (16.4) (8.7) (30.6) (15.0)
Income before income taxes 34.9 36.9 70.9 91.6
Provision for income taxes 4.6 7.1 9.6 10.3
Net income including noncontrolling interest 30.3 29.8 61.3 81.3
Net income (loss) attributable to noncontrolling interest 0.2 (0.2) 0.0 (0.3)
Net income attributable to World Fuel $ 30.0 $ 30.0 $ 61.4 $ 81.6
Basic earnings per common share (in dollars per share) $ 0.44 $ 0.43 $ 0.90 $ 1.17
Basic weighted average common shares (in shares) 68.4 69.5 68.5 69.5
Diluted earnings per common share (in dollars per share) $ 0.44 $ 0.43 $ 0.89 $ 1.17
Diluted weighted average common shares (in shares) 68.7 70.0 68.9 70.0
Comprehensive income:        
Net income including noncontrolling interest $ 30.3 $ 29.8 $ 61.3 $ 81.3
Other comprehensive income (loss):        
Foreign currency translation adjustments 11.2 (14.5) 17.6 (13.2)
Cash Flow hedges, net of income tax benefit of $6.6 for the six months ended June 30, 2017 0.0 5.2 10.5 5.0
Other comprehensive income (loss) 11.2 (9.3) 28.1 (8.3)
Comprehensive income including noncontrolling interest 41.5 20.5 89.4 73.0
Comprehensive income (loss) attributable to noncontrolling interest 1.1 (1.0) 1.0 0.5
Comprehensive income attributable to World Fuel $ 40.3 $ 21.5 $ 88.4 $ 72.5