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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenue $ 8,350.9 $ 4,482.7 $ 21,394.2 $ 15,656.2
Cost of revenue 8,153.4 4,268.7 20,821.3 14,969.6
Gross profit 197.5 214.0 573.0 686.6
Operating expenses:        
Compensation and employee benefits 93.5 91.4 273.9 289.8
General and administrative 60.6 80.9 177.4 249.1
Asset impairments 0.0 0.0 4.7 18.6
Restructuring charges 1.7 2.9 6.8 7.7
Total operating expenses 155.8 175.2 462.7 565.1
Income from operations 41.7 38.8 110.2 121.5
Non-operating income (expenses), net:        
Interest expense and other financing costs, net (10.4) (8.7) (29.2) (34.1)
Other income (expense), net 1.0 77.7 (1.6) 75.0
Total non-operating income (expense), net (9.4) 69.0 (30.7) 41.0
Income (loss) before income taxes 32.3 107.8 79.5 162.4
Provision for income taxes 10.0 25.4 20.8 49.0
Net income (loss) including noncontrolling interest 22.3 82.4 58.7 113.4
Net income (loss) attributable to noncontrolling interest 0.6 0.5 0.5 0.2
Net income (loss) attributable to World Fuel $ 21.7 $ 82.0 $ 58.2 $ 113.1
Basic earnings (loss) per common share (in dollars per share) $ 0.34 $ 1.29 $ 0.92 $ 1.77
Basic weighted average common shares (in shares) 63,000 63,400 63,100 63,900
Diluted earnings (loss) per common share (in dollars per share) $ 0.34 $ 1.29 $ 0.92 $ 1.76
Diluted weighted average common shares (in shares) 63,300 63,600 63,600 64,100
Comprehensive income:        
Net income (loss) including noncontrolling interest $ 22.3 $ 82.4 $ 58.7 $ 113.4
Other comprehensive income (loss):        
Foreign currency translation adjustments (11.3) 15.1 (10.6) (12.9)
Cash flow hedges, net of income tax expense (benefit) of $(2.8) and $2.1 for the three months ended September 30, 2021 and 2020, respectively, and net of income tax expense (benefit) of $(0.2) and $2.3 for the nine months ended September 30, 2021 and 2020, respectively (8.2) 6.1 (0.5) 6.8
Total other comprehensive income (loss) (19.5) 21.2 (11.0) (6.0)
Comprehensive income (loss) including noncontrolling interest 2.8 103.6 47.7 107.3
Comprehensive income (loss) attributable to noncontrolling interest 0.6 0.0 0.5 0.0
Comprehensive income (loss) attributable to World Fuel $ 2.2 $ 103.6 $ 47.2 $ 107.3