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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 304.3 $ 298.4
Accounts receivable, net of allowance for credit losses of $18.3 million and $14.1 million as of December 31, 2023 and 2022, respectively 2,735.5 3,294.1
Inventories 664.6 779.9
Prepaid expenses 77.6 83.6
Short-term derivative assets, net 275.4 302.1
Other current assets 446.4 479.9
Total current assets 4,503.8 5,238.1
Property and equipment, net 515.3 484.2
Goodwill 1,238.0 1,233.0
Identifiable intangible assets, net 299.7 336.2
Other non-current assets 818.6 873.2
Total assets 7,375.3 8,164.6
Current liabilities:    
Current maturities of long-term debt 78.8 15.8
Accounts payable 3,097.6 3,529.5
Short-term derivative liabilities, net 128.2 325.2
Accrued expenses and other current liabilities 745.0 738.2
Total current liabilities 4,049.7 4,608.6
Long-term debt 809.1 829.9
Other long-term liabilities 566.9 735.3
Total liabilities 5,425.7 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, 59.8 and 62.0 issued and outstanding as of December 31, 2023 and 2022, respectively 0.6 0.6
Capital in excess of par value 109.6 182.4
Retained earnings 1,981.6 1,962.5
Accumulated other comprehensive income (loss) (148.9) (160.6)
Total World Kinect shareholders' equity 1,943.0 1,984.9
Noncontrolling interest 6.7 5.9
Total equity 1,949.6 1,990.7
Total liabilities and equity $ 7,375.3 $ 8,164.6