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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 652.2 $ 658.8
Accounts receivable, net of allowance for credit losses of $26.1 million and $53.8 million as of December 31, 2021 and 2020, respectively 2,355.3 1,238.4
Inventories 477.9 344.3
Prepaid expenses 59.2 51.1
Short-term derivative assets, net 169.2 66.4
Other current assets 305.9 280.4
Total current assets 4,019.7 2,639.3
Property and equipment, net 348.9 342.6
Goodwill 861.9 858.6
Identifiable intangible and other non-current assets 711.9 659.8
Total assets 5,942.4 4,500.3
Current liabilities:    
Current maturities of long-term debt 30.6 22.9
Accounts payable 2,399.6 1,214.7
Short-term derivative liabilities, net 168.4 50.9
Customer deposits 205.5 155.8
Accrued expenses and other current liabilities 292.7 239.8
Total current liabilities 3,096.7 1,684.0
Long-term debt 478.1 501.8
Non-current income tax liabilities, net 213.9 215.5
Other long-term liabilities 236.8 186.1
Total liabilities 4,025.6 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, 61.7 and 62.9 issued and outstanding as of December 31, 2021 and 2020, respectively 0.6 0.6
Capital in excess of par value 168.1 204.6
Retained earnings 1,880.6 1,836.7
Accumulated other comprehensive income (loss) (136.7) (132.6)
Total World Fuel shareholders' equity 1,912.7 1,909.3
Noncontrolling interest 4.1 3.6
Total equity 1,916.8 1,912.9
Total liabilities and equity $ 5,942.4 $ 4,500.3