The numerator for basic and diluted earnings per share (“EPS”) is net earnings attributable to Mosaic. The denominator for basic EPS is the weighted average number of shares outstanding during the period. The denominator for diluted EPS also includes the weighted average number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued, unless the shares are anti-dilutive.

The following is a reconciliation of the numerator and denominator for the basic and diluted EPS computations:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net income (loss) attributable to Mosaic	$	410.7	$	(161.5)	$	648.8	$	(116.3)
Basic weighted average number of shares outstanding	317.3		321.2		317.1		321.7
Dilutive impact of share-based awards	1.7		—		1.4		—
Diluted weighted average number of shares outstanding	319.0		321.2		318.5		321.7
Basic net income (loss) per share attributable to Mosaic	$	1.29	$	(0.50)	$	2.05	$	(0.36)
Diluted net income (loss) per share attributable to Mosaic	$	1.29	$	(0.50)	$	2.04	$	(0.36)

A total of zero and 0.2 million shares of common stock subject to issuance related to share-based awards for the three and six months ended June 30, 2025, and 0.8 million and 0.6 million and for the three and six months ended June 30, 2024 have been excluded from the calculation of diluted EPS because the effect would have been anti-dilutive.