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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenue $ 7,085.5 $ 3,158.3 $ 13,043.4 $ 11,173.5
Cost of revenue 6,901.6 2,944.5 12,667.9 10,700.9
Gross profit 183.9 213.9 375.5 472.6
Operating expenses:        
Compensation and employee benefits 87.9 95.9 180.3 198.3
General and administrative 57.4 84.4 116.8 168.2
Asset impairments 4.7 18.6   18.6
Restructuring charges 3.0 3.1 5.1 4.8
Total operating expenses 153.0 202.0 306.9 389.9
Income from operations 30.9 11.9 68.6 82.7
Non-operating income (expenses), net:        
Interest expense and other financing costs, net (10.0) (10.0) (18.7) (25.3)
Other income (expense), net (1.4) (4.9) (2.6) (2.7)
Total non-operating income (expense), net (11.4) (14.9) (21.3) (28.1)
Income (loss) before income taxes 19.6 (3.0) 47.2 54.6
Provision for income taxes 2.0 7.7 10.8 23.7
Net income (loss) including noncontrolling interest 17.6 (10.7) 36.4 31.0
Net income (loss) attributable to noncontrolling interest (0.1) (0.4) (0.1) (0.2)
Net income (loss) attributable to World Fuel $ 17.6 $ (10.2) $ 36.5 $ 31.2
Basic earnings (loss) per common share (in dollars per share) $ 0.28 $ (0.16) $ 0.58 $ 0.49
Basic weighted average common shares (in shares) 63.4 63.3 63.2 64.1
Diluted earnings (loss) per common share (in dollars per share) $ 0.28 $ (0.16) $ 0.57 $ 0.48
Diluted weighted average common shares (in shares) 63.8 63.3 63.6 64.4
Comprehensive income:        
Net income (loss) including noncontrolling interest $ 17.6 $ (10.7) $ 36.4 $ 31.0
Other comprehensive income (loss):        
Foreign currency translation adjustments 4.8 5.1 0.8 (27.9)
Cash flow hedges, net of income tax benefit of $2.9 and $7.2 for the three months ended June 30, 2021 and 2020, respectively, and net of income tax expense of $2.7 and $0.2 for the six months ended June 30, 2021 and 2020, respectively (8.6) (21.0) 7.8 0.7
Other comprehensive income (loss) (3.8) (16.0) 8.5 (27.2)
Comprehensive income (loss) including noncontrolling interest 13.7 (26.7) 44.9 3.7
Comprehensive income (loss) attributable to noncontrolling interest (0.1) 0.0 (0.1) 0.0
Comprehensive income (loss) attributable to World Fuel $ 13.8 $ (26.7) $ 45.0 $ 3.7