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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Revenue $ 8,015.2 $ 8,678.8
Cost of revenue 7,756.4 8,427.7
Gross profit 258.7 251.1
Operating expenses:    
Compensation and employee benefits 104.2 110.1
General and administrative 83.7 70.6
Total operating expenses 187.9 180.7
Income from operations 70.8 70.4
Non-operating expenses, net:    
Interest expense and other financing costs, net (15.4) (19.4)
Other income (expense), net 2.2 0.4
Total non-operating expenses, net (13.2) (19.0)
Income (loss) before income taxes 57.6 51.3
Provision for income taxes 16.0 14.0
Net income (loss) including noncontrolling interest 41.6 37.3
Net income (loss) attributable to noncontrolling interest 0.2 0.1
Net income (loss) attributable to World Fuel $ 41.4 $ 37.2
Basic earnings per common share (in dollars per share) $ 0.64 $ 0.55
Basic weighted average common shares (in shares) 64.9 67.1
Diluted earnings per common share (in dollars per share) $ 0.63 $ 0.55
Diluted weighted average common shares (in shares) 65.4 67.4
Comprehensive income:    
Net income (loss) including noncontrolling interest $ 41.6 $ 37.3
Other comprehensive income (loss):    
Foreign currency translation adjustments (33.0) 0.2
Cash flow hedges, net of income tax expense of $7.4 and income tax benefit of $4.1 for the three months ended March 31, 2020 and 2019, respectively 21.7 (11.9)
Other comprehensive income (loss) (11.3) (11.7)
Comprehensive income (loss) including noncontrolling interest 30.4 25.6
Comprehensive income (loss) attributable to noncontrolling interest 0.0 (0.8)
Comprehensive income (loss) attributable to World Fuel $ 30.4 $ 26.3