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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenue $ 10,429.5 $ 8,543.0 $ 29,761.7 $ 24,823.4
Cost of revenue 10,162.8 8,303.1 29,005.4 24,121.1
Gross profit 266.7 239.9 756.3 702.3
Operating expenses:        
Compensation and employee benefits 117.9 107.6 342.0 314.5
General and administrative 70.6 71.0 217.8 225.0
Total operating expenses 188.5 178.6 559.8 539.5
Income from operations 78.2 61.3 196.4 162.8
Non-operating expenses, net:        
Interest expense and other financing costs, net (18.3) (15.8) (52.5) (42.2)
Other income (expense), net 1.9 (0.9) (2.0) (5.0)
Total non-operating expenses, net (16.4) (16.7) (54.5) (47.3)
Income before income taxes 61.8 44.6 142.0 115.6
Provision for income taxes 23.0 82.6 42.7 92.2
Net income (loss) including noncontrolling interest 38.7 (37.9) 99.2 23.4
Net income attributable to noncontrolling interest 0.6 0.6 1.1 0.6
Net income (loss) attributable to World Fuel $ 38.2 $ (38.5) $ 98.1 $ 22.8
Basic earnings per common share (in dollars per share) $ 0.57 $ (0.57) $ 1.45 $ 0.33
Basic weighted average common shares (in shares) 67.5 67.9 67.5 68.3
Diluted earnings per common share (in dollars per share) $ 0.56 $ (0.57) $ 1.45 $ 0.33
Diluted weighted average common shares (in shares) 67.7 68.2 67.8 68.6
Comprehensive income:        
Net income including noncontrolling interest $ 38.7 $ (37.9) $ 99.2 $ 23.4
Other comprehensive income (loss):        
Foreign currency translation adjustments (4.7) 12.2 (23.0) 29.8
Cash flow hedges, net of income tax benefit of $3.5 and $5.5 for the three months ended September 30, 2018 and 2017, respectively, and net of income tax benefit of $5.2 and income tax expense of $1.1 for the nine months ended September 30, 2018 and 2017, respectively (5.6) (8.7) (8.4) 1.8
Other comprehensive income (loss) (10.3) 3.5 (31.4) 31.6
Comprehensive income (loss) including noncontrolling interest 28.5 (34.4) 67.8 55.0
Comprehensive income (loss) attributable to noncontrolling interest 0.1 1.1 (1.2) 2.2
Comprehensive income (loss) attributable to World Fuel $ 28.4 $ (35.5) $ 69.1 $ 52.8