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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 293.9 $ 298.4
Accounts receivable, net of allowance for credit losses of $15.2 million and $14.1 million as of June 30, 2023 and December 31, 2022, respectively 2,473.3 3,294.1
Inventories 552.6 779.9
Prepaid expenses 84.8 83.6
Short-term derivative assets, net 212.3 302.1
Other current assets 428.2 479.9
Total current assets 4,045.1 5,238.1
Property and equipment, net 507.3 484.2
Goodwill 1,236.6 1,233.0
Identifiable intangible assets, net 318.1 336.2
Other non-current assets 854.8 873.2
Total assets 6,961.9 8,164.6
Current liabilities:    
Long-Term Debt and Lease Obligation, Current 61.6 15.8
Accounts payable 2,708.7 3,529.5
Short-term derivative liabilities, net 212.1 325.2
Accrued expenses and other current liabilities 589.7 738.2
Total current liabilities 3,572.0 4,608.6
Long-term debt 816.2 829.9
Other long-term liabilities 608.4 735.3
Total liabilities 4,996.6 6,173.8
Commitments and contingencies
World Kinect 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, 60.2 and 62.0 issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 0.6 0.6
Capital in excess of par value 107.2 182.4
Retained earnings 1,998.2 1,962.5
Accumulated other comprehensive income (loss) (146.9) (160.6)
Total World Kinect shareholders' equity 1,959.1 1,984.9
Noncontrolling interest 6.2 5.9
Total equity 1,965.2 1,990.7
Total liabilities and equity $ 6,961.9 $ 8,164.6