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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 645.7 $ 186.1
Accounts receivable, net 1,415.9 2,891.9
Inventories 308.8 593.3
Prepaid expenses 72.7 80.6
Short-term derivative assets, net 146.5 59.5
Other current assets 341.8 358.8
Total current assets 2,931.4 4,170.1
Property and equipment, net 368.4 360.9
Goodwill 913.5 843.7
Identifiable intangible and other non-current assets 667.6 617.7
Total assets 4,881.0 5,992.4
Current liabilities:    
Current maturities of long-term debt 53.8 54.1
Accounts payable 1,090.4 2,602.7
Customer deposits 124.4 126.7
Accrued expenses and other current liabilities 337.9 378.9
Total current liabilities 1,606.6 3,162.4
Long-term debt 1,043.3 574.7
Non-current income tax liabilities, net 211.2 210.1
Other long-term liabilities 201.6 151.3
Total liabilities 3,062.7 4,098.5
Commitments and contingencies (Note 12)
World Fuel shareholders' equity:    
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued 0.0 0.0
Common stock, $0.01 par value; 100.0 shares authorized, 63.3 and 65.2 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 0.6 0.7
Capital in excess of par value 219.3 274.7
Retained earnings 1,768.6 1,761.3
Accumulated other comprehensive loss (173.5) (146.3)
Total World Fuel shareholders' equity 1,815.0 1,890.4
Noncontrolling interest 3.3 3.5
Total equity 1,818.3 1,893.9
Total liabilities and equity $ 4,881.0 $ 5,992.4