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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 572.7 $ 186.1
Accounts receivable, net 1,244.1 2,891.9
Inventories 291.0 593.3
Prepaid expenses 56.3 80.6
Short-term derivative assets, net 101.4 59.5
Other current assets 269.2 358.8
Total current assets 2,534.8 4,170.1
Property and equipment, net 347.8 360.9
Goodwill 848.2 843.7
Identifiable intangible and other non-current assets 661.5 617.7
Total assets 4,392.3 5,992.4
Current liabilities:    
Current maturities of long-term debt 19.6 54.1
Accounts payable 1,085.8 2,602.7
Customer deposits 118.5 126.7
Accrued expenses and other current liabilities 333.0 378.9
Total current liabilities 1,557.0 3,162.4
Long-term debt 506.9 574.7
Non-current income tax liabilities, net 215.6 210.1
Other long-term liabilities 193.0 151.3
Total liabilities 2,472.5 4,098.5
Commitments and contingencies
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 September 30, 2020 and December 31, 2019, respectively 0.6 0.7
Capital in excess of par value 221.1 274.7
Retained earnings 1,846.6 1,761.3
Accumulated other comprehensive loss (152.3) (146.3)
Total World Fuel shareholders' equity 1,916.0 1,890.4
Noncontrolling interest 3.8 3.5
Total equity 1,919.8 1,893.9
Total liabilities and equity $ 4,392.3 $ 5,992.4