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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenue $ 4,482,700,000 $ 9,322,700,000 $ 15,656,200,000 $ 27,460,900,000
Cost of revenue 4,268,700,000 9,017,000,000.0 14,969,600,000 26,635,600,000
Gross profit 214,000,000.0 305,700,000 686,600,000 825,300,000
Operating expenses:        
Compensation and employee benefits 91,400,000 126,700,000 289,800,000 347,000,000.0
General and administrative 80,900,000 82,800,000 249,100,000 232,900,000
Asset impairments 0 0 18,600,000 0
Restructuring charges 2,900,000 2,600,000 7,700,000 6,300,000
Total operating expenses 175,200,000 212,000,000.0 565,100,000 586,200,000
Income from operations 38,800,000 93,600,000 121,500,000 239,200,000
Non-operating income (expenses), net:        
Interest expense and other financing costs, net (8,700,000) (19,500,000) (34,100,000) (59,100,000)
Other income (expense), net 77,700,000 (3,300,000) 75,000,000.0 (300,000)
Total non-operating expenses, net 69,000,000.0 (22,800,000) 41,000,000.0 (59,400,000)
Income (loss) before income taxes 107,800,000 70,900,000 162,400,000 179,800,000
Provision for income taxes 25,400,000 21,500,000 49,000,000.0 55,500,000
Net income (loss) including noncontrolling interest 82,400,000 49,400,000 113,400,000 124,300,000
Net income (loss) attributable to noncontrolling interest 500,000 1,200,000 200,000 1,900,000
Net income (loss) attributable to World Fuel $ 82,000,000.0 $ 48,200,000 $ 113,100,000 $ 122,400,000
Basic earnings per common share (in dollars per share) $ 1.29 $ 0.74 $ 1.77 $ 1.84
Basic weighted average common shares (in shares) 63.4 65.3 63.9 66.4
Diluted earnings per common share (in dollars per share) $ 1.29 $ 0.73 $ 1.76 $ 1.84
Diluted weighted average common shares (in shares) 63.6 65.7 64.1 66.7
Comprehensive income:        
Net income (loss) including noncontrolling interest $ 82,400,000 $ 49,400,000 $ 113,400,000 $ 124,300,000
Other comprehensive income (loss):        
Foreign currency translation adjustments 15,100,000 (11,500,000) (12,900,000) (17,400,000)
Cash flow hedges, net of income tax expense of $2.1 and expense of $2.8 for the three months ended September 30, 2020 and 2019, respectively, and net of income tax expense of $2.3 and benefit of $2.4 for the nine months ended September 30, 2020 and 2019, respectively 6,100,000 7,900,000 6,800,000 (6,800,000)
Other comprehensive income (loss) 21,200,000 (3,600,000) (6,000,000.0) (24,200,000)
Comprehensive income (loss) including noncontrolling interest 103,600,000 45,800,000 107,300,000 100,100,000
Comprehensive income (loss) attributable to noncontrolling interest 0 (800,000) 0 (1,500,000)
Comprehensive income (loss) attributable to World Fuel $ 103,600,000 $ 46,600,000 $ 107,300,000 $ 101,600,000