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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 321.3 $ 304.3
Accounts receivable, net of allowance for credit losses of $20.0 million and $18.3 million as of March 31, 2024 and December 31, 2023, respectively 2,679.0 2,735.5
Inventories 654.6 664.6
Prepaid expenses 73.9 77.6
Short-term derivative assets, net 233.6 275.4
Other current assets 430.1 446.4
Total current assets 4,392.6 4,503.8
Property and equipment, net 496.1 515.3
Goodwill 1,175.2 1,238.0
Identifiable intangible assets, net 284.0 299.7
Other non-current assets 826.4 818.6
Total assets 7,174.4 7,375.3
Current liabilities:    
Long-Term Debt and Lease Obligation, Current 81.1 78.8
Accounts payable 2,965.5 3,097.6
Short-term derivative liabilities, net 134.9 128.2
Accrued expenses and other current liabilities 680.9 745.0
Total current liabilities 3,862.4 4,049.7
Long-term debt 802.6 809.1
Other long-term liabilities 550.9 566.9
Total liabilities 5,215.9 5,425.7
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, 59.9 and 59.8 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 0.6 0.6
Capital in excess of par value 114.3 109.6
Retained earnings 1,998.8 1,981.6
Accumulated other comprehensive income (loss) (161.7) (148.9)
Total World Kinect shareholders' equity 1,952.0 1,943.0
Noncontrolling interest 6.5 6.7
Total equity 1,958.5 1,949.6
Total liabilities and equity $ 7,174.4 $ 7,375.3