XML 44 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Correction of Previously Issued Financial Information - Consolidated Balance Sheets (Details) - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Dec. 31, 2014
Current assets:        
Cash and cash equivalents [1] $ 872.3 $ 582.5 $ 609.6 $ 302.3
Accounts receivable, net [1] 2,062.6 1,812.6    
Inventories [1] 484.5 359.1    
Prepaid expenses [1] 57.6 57.9    
Short-term derivative assets, net [1] 34.4 220.4    
Other current assets [1] 241.2 208.0    
Current assets held for sale [1] 0.0 5.5    
Total current assets [1] 3,752.5 3,246.0    
Property and equipment, net [1] 260.3 225.6    
Goodwill [1] 720.0 675.8    
Identifiable intangible and other non-current assets [1] 419.7 341.4    
Non-current assets held for sale [1] 0.0 36.5    
Total assets [1] 5,152.5 4,525.3    
Current liabilities:        
Short-term debt 28.8 [1] 25.5 [1] 25.5  
Accounts payable [1] 1,558.6 1,349.6    
Customer deposits [1] 106.5 118.3    
Accrued expenses and other current liabilities [1] 254.3 255.2    
Current liabilities held for sale [1] 0.0 5.6    
Total current liabilities [1] 1,948.2 1,754.2    
Long-term debt 1,110.1 [1] 746.7 [1] 746.7  
Non-current income tax liabilities, net [1] 86.0 87.7    
Other long-term liabilities [1] 31.4 25.8    
Non-current liabilities held for sale [1] 0.0 5.0    
Total liabilities [1] 3,175.7 2,619.4    
Commitments and contingencies [1]    
World Fuel shareholders' equity:        
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued [1] 0.0 0.0    
Common stock, $0.01 par value; 100 shares authorized, 70.8 issued and outstanding as of December 31, 2015 [1] 0.7 0.7    
Capital in excess of par value [1] 418.0 435.3    
Retained earnings [1] 1,681.2 1,569.4    
Accumulated other comprehensive loss [1] (138.3) (109.5)    
Total World Fuel shareholders' equity [1] 1,961.6 1,895.9    
Noncontrolling interest equity [1] 15.2 10.0    
Total equity [1] 1,976.8 1,905.9 $ 1,864.4 $ 1,859.4
Total liabilities and equity [1] 5,152.5 4,525.3    
As Reported        
Current assets:        
Cash and cash equivalents   582.5    
Accounts receivable, net   1,812.6    
Inventories   359.1    
Prepaid expenses   57.9    
Short-term derivative assets, net   227.2    
Other current assets   209.8    
Current assets held for sale   5.5    
Total current assets   3,254.6    
Property and equipment, net   225.6    
Goodwill   675.8    
Identifiable intangible and other non-current assets   356.9    
Non-current assets held for sale   36.5    
Total assets   4,549.4    
Current liabilities:        
Short-term debt   25.5    
Accounts payable   1,349.6    
Customer deposits   118.3    
Accrued expenses and other current liabilities   263.8    
Current liabilities held for sale   5.6    
Total current liabilities   1,762.8    
Long-term debt   746.7    
Non-current income tax liabilities, net   87.7    
Other long-term liabilities   25.8    
Non-current liabilities held for sale   5.0    
Total liabilities   2,628.0    
Commitments and contingencies      
World Fuel shareholders' equity:        
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued   0.0    
Common stock, $0.01 par value; 100 shares authorized, 70.8 issued and outstanding as of December 31, 2015   0.7    
Capital in excess of par value   435.3    
Retained earnings   1,588.6    
Accumulated other comprehensive loss   (113.2)    
Total World Fuel shareholders' equity   1,911.4    
Noncontrolling interest equity   10.0    
Total equity   1,921.4    
Total liabilities and equity   4,549.4    
Adjustment        
Current assets:        
Cash and cash equivalents   0.0    
Accounts receivable, net   0.0    
Inventories   0.0    
Prepaid expenses   0.0    
Short-term derivative assets, net   (6.8)    
Other current assets   (1.8)    
Current assets held for sale   0.0    
Total current assets   (8.6)    
Property and equipment, net   0.0    
Goodwill   0.0    
Identifiable intangible and other non-current assets   (15.5)    
Non-current assets held for sale   0.0    
Total assets   (24.1)    
Current liabilities:        
Short-term debt   0.0    
Accounts payable   0.0    
Customer deposits   0.0    
Accrued expenses and other current liabilities   (8.6)    
Current liabilities held for sale   0.0    
Total current liabilities   (8.6)    
Long-term debt   0.0    
Non-current income tax liabilities, net   0.0    
Other long-term liabilities   0.0    
Non-current liabilities held for sale   0.0    
Total liabilities   (8.6)    
Commitments and contingencies      
World Fuel shareholders' equity:        
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued   0.0    
Common stock, $0.01 par value; 100 shares authorized, 70.8 issued and outstanding as of December 31, 2015   0.0    
Capital in excess of par value   0.0    
Retained earnings   (19.2)    
Accumulated other comprehensive loss   3.7    
Total World Fuel shareholders' equity   (15.5)    
Noncontrolling interest equity   0.0    
Total equity   (15.5)    
Total liabilities and equity   (24.1)    
Adjustment | Correction to provision for income taxes        
World Fuel shareholders' equity:        
Retained earnings $ (20.0) $ (12.5)    
[1] Amounts may not add due to rounding