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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 335.6 $ 298.4
Accounts receivable, net of allowance for credit losses of $17.0 million and $14.1 million as of September 30, 2023 and December 31, 2022, respectively 2,882.2 3,294.1
Inventories 654.2 779.9
Prepaid expenses 92.5 83.6
Short-term derivative assets, net 218.2 302.1
Other current assets 408.6 479.9
Total current assets 4,591.3 5,238.1
Property and equipment, net 509.8 484.2
Goodwill 1,231.7 1,233.0
Identifiable intangible assets, net 308.7 336.2
Other non-current assets 841.5 873.2
Total assets 7,483.1 8,164.6
Current liabilities:    
Long-Term Debt and Lease Obligation, Current 63.0 15.8
Accounts payable 3,293.3 3,529.5
Short-term derivative liabilities, net 150.5 325.2
Accrued expenses and other current liabilities 607.5 738.2
Total current liabilities 4,114.2 4,608.6
Long-term debt 812.3 829.9
Other long-term liabilities 581.5 735.3
Total liabilities 5,508.0 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 September 30, 2023 and December 31, 2022, respectively 0.6 0.6
Capital in excess of par value 113.4 182.4
Retained earnings 2,024.8 1,962.5
Accumulated other comprehensive income (loss) (170.4) (160.6)
Total World Kinect shareholders' equity 1,968.3 1,984.9
Noncontrolling interest 6.7 5.9
Total equity 1,975.1 1,990.7
Total liabilities and equity $ 7,483.1 $ 8,164.6