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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 742.7 $ 658.8
Accounts receivable, net of allowance for credit losses of $36.1 million and $53.8 million as of June 30, 2021 and December 31, 2020, respectively 1,835.0 1,238.4
Inventories 426.5 344.3
Prepaid expenses 74.4 51.1
Short-term derivative assets, net 81.1 66.4
Other current assets 199.0 280.4
Total current assets 3,358.6 2,639.3
Property and equipment, net 334.2 342.6
Goodwill 858.9 858.6
Identifiable intangible and other non-current assets 698.1 659.8
Total assets 5,249.8 4,500.3
Current liabilities:    
Current maturities of long-term debt 30.1 22.9
Accounts payable 1,844.8 1,214.7
Customer deposits 153.4 155.8
Accrued expenses and other current liabilities 364.2 290.6
Total current liabilities 2,392.6 1,684.0
Long-term debt 491.6 501.8
Non-current income tax liabilities, net 216.8 215.5
Other long-term liabilities 199.1 186.1
Total liabilities 3,300.1 2,587.4
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 62.9 issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 0.6 0.6
Capital in excess of par value 211.3 204.6
Retained earnings 1,858.4 1,836.7
Accumulated other comprehensive loss (124.1) (132.6)
Total World Fuel shareholders' equity 1,946.2 1,909.3
Noncontrolling interest 3.5 3.6
Total equity 1,949.7 1,912.9
Total liabilities and equity $ 5,249.8 $ 4,500.3