v3.25.2
Business Segments (Tables) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
 [1]
Segment Reporting Information [Line Items]          
Net Sales $ 3,005.7 $ 2,816.6 $ 5,626.6 $ 5,496.0  
Gross margin 518.6 394.0 1,007.0 793.2  
Canadian resource taxes 61.7 66.8 109.0 131.3  
Gross margin (excluding canadian resource taxes) 580.3 460.8 1,116.0 924.5  
Operating earnings (loss) 244.4 233.3 582.9 406.2  
Segment, Expenditure, Addition to Long-Lived Assets 304.6 333.9      
Capital expenditures     645.4 716.9  
Depreciation, depletion and amortization expense 261.7 264.4 504.7 505.5  
Assets 24,304.8   $ 24,304.8   $ 22,924.0
Schedule of Segment Reporting Information    
Segment information for the three and six months ended June 30, 2025 and 2024 was as follows:
PhosphatePotashMosaic Fertilizantes
Corporate, Eliminations and Other(a)
Total
Three months ended June 30, 2025
Net sales to external customers$984.6 $711.7 $1,174.9 $134.5 $3,005.7 
Intersegment net sales188.4 (1.2)— (187.2)— 
Net sales1,173.0 710.5 1,174.9 (52.7)3,005.7 
Cost of goods sold(b)
1,070.0 501.1 1,013.2 (97.2)2,487.1 
Gross margin103.0 209.4 161.7 44.5 518.6 
Canadian resource taxes— 61.7 — — 61.7 
Gross margin (excluding Canadian resource taxes)103.0 271.1 161.7 44.5 580.3 
Selling, general and administrative(c)
12.4 8.3 61.2 85.3 167.2 
Other operating expenses(d)
98.5 6.9 (8.5)10.1 107.0 
Operating earnings (loss)(7.9)194.1 109.0 (50.8)244.4 
Capital expenditures184.7 73.2 45.6 1.1 304.6 
Depreciation, depletion and amortization expense129.2 79.4 43.9 9.2 261.7 
Three months ended June 30, 2024
Net sales to external customers$989.2 $655.1 $1,048.9 $123.4 $2,816.6 
Intersegment net sales190.3 8.0 — (198.3)— 
Net sales1,179.5 663.1 1,048.9 (74.9)2,816.6 
Cost of goods sold(b)
1,025.8 476.7 947.1 (27.0)2,422.6 
Gross margin153.7 186.4 101.8 (47.9)394.0 
Canadian resource taxes— 66.8 — — 66.8 
Gross margin (excluding Canadian resource taxes)153.7 253.2 101.8 (47.9)460.8 
Selling, general and administrative(c)
10.4 7.1 27.1 83.8 128.4 
Other operating expenses(d)
10.5 4.9 13.4 3.5 32.3 
Operating earnings (loss)132.9 174.4 61.2 (135.2)233.3 
Capital expenditures176.9 75.0 46.4 35.6 333.9 
Depreciation, depletion and amortization expense127.9 93.9 40.1 2.5 264.4 
Six months ended June 30, 2025
Net sales to external customers$1,949.4 $1,281.9 $2,108.7 $286.6 $5,626.6 
Intersegment net sales322.2 (1.2)— (321.0)— 
Net sales2,271.6 1,280.7 2,108.7 (34.4)5,626.6 
Cost of goods sold(b)
2,001.3 902.7 1,820.0 (104.4)4,619.6 
Gross margin270.3 378.0 288.7 70.0 1,007.0 
Canadian resource taxes— 109.0 — — 109.0 
Gross margin (excluding Canadian resource taxes)270.3 487.0 288.7 70.0 1,116.0 
Selling, general and administrative(c)
24.5 16.1 84.4 164.8 289.8 
Other operating expenses(d)
114.3 11.0 (3.2)12.2 134.3 
Operating earnings (loss)131.5 350.9 207.5 (107.0)582.9 
Capital expenditures421.0 118.3 104.8 1.3 645.4 
Depreciation, depletion and amortization expense242.4 160.4 82.0 19.9 504.7 
Six months ended June 30, 2024
Net sales to external customers$2,012.2 $1,289.8 $1,935.3 $258.7 $5,496.0 
Intersegment net sales336.0 16.4 — (352.4)— 
Net sales2,348.2 1,306.2 1,935.3 (93.7)5,496.0 
Cost of goods sold(b)
2,035.1 908.1 1,758.3 1.3 4,702.8 
Gross margin313.1 398.1 177.0 (95.0)793.2 
Canadian resource taxes— 131.3 — — 131.3 
Gross margin (excluding Canadian resource taxes)313.1 529.4 177.0 (95.0)924.5 
Selling, general and administrative(c)
23.1 15.6 57.1 139.4 235.2 
Other operating expenses(d)
116.8 10.1 16.7 8.2 151.8 
Operating earnings (loss)173.2 372.4 103.2 (242.6)406.2 
Capital expenditures374.6 171.7 128.2 42.4 716.9 
Depreciation, depletion and amortization expense244.8 175.6 80.1 5.0 505.5 
Total Assets(e)
As of June 30, 2025$9,674.8 $6,903.9 $5,039.2 $2,686.9 $24,304.8 
As of December 31, 20249,419.5 6,480.6 4,372.0 2,651.9 22,924.0 
______________________________
(a)The “Corporate, Eliminations and Other” category includes the results of our ancillary distribution operations in India and China. For the three and six months ended June 30, 2025, distribution operations in India and China collectively had revenue of $132.4 million and $279.9 million, respectively, and gross margin of $19.7 million and $40.0 million, respectively. For the three and six months ended June 30, 2024, distribution operations in India and China collectively had revenue of $120.9 million and $250.1 million, respectively, and gross margin of $2.4 million and $9.9 million, respectively. These operations do not meet the quantitative thresholds for determining reportable segments.
(b)The primary components of cost of goods sold are raw material purchases, including sulfur and ammonia, conversion costs and transportation costs.
(c)Selling, general and administrative expenses include nonmanufacturing payroll expense and professional services expense.
(d)Other operating expenses typically relate to five major categories: (1) AROs, (2) environmental and legal reserves, (3) idle facility costs, (4) insurance reimbursements, and (5) gain/loss on sale or disposal of fixed assets.
(e)In 2025, the information about segment assets regularly provided to and reviewed by our CODM was revised to no longer include intercompany assets and segment cash and to include an allocation of certain fixed assets from Corporate to the Phosphate and Potash segments. As a result, the December 31, 2024 balances have been recast to reflect these changes.
    
Revenue from External Customers by Geographic Areas [Table Text Block]    
Financial information relating to our operations by geographic area is as follows:
 Three Months Ended 
 
June 30,		Six Months Ended 
 
June 30,
(in millions)2025202420252024
Net sales(a):
Brazil$1,151.6 $1,037.9 $2,058.6 $1,890.7 
Canpotex(b)
318.3 222.0 533.8 442.8 
China121.2 112.8 257.6 236.8 
Canada81.0 147.2 205.9 289.2 
Japan23.8 28.1 55.9 69.4 
Paraguay33.1 7.2 61.7 29.6 
Argentina40.3 30.3 64.4 41.5 
Australia0.9 45.0 21.6 81.9 
Colombia35.3 26.0 55.7 58.6 
Dominican Republic1.1 4.0 9.6 4.0 
Mexico0.2 12.0 6.1 19.2 
India7.0 — 12.7 16.9 
Peru40.1 7.4 44.2 19.0 
Honduras12.4 8.7 15.9 13.7 
Other13.9 13.2 34.6 23.7 
Total international countries1,880.2 1,701.8 3,438.3 3,237.0 
United States1,125.5 1,114.8 2,188.3 2,259.0 
Consolidated$3,005.7 $2,816.6 $5,626.6 $5,496.0 
______________________________
(a)Revenues are attributed to countries based on location of customer.
(b)Canpotex sales to the ultimate third-party customers are made to customers in various countries. The countries with the largest portion of third-party customer sales are Brazil, China, India and Indonesia.
    
Sales by Product Type    
Net sales by product type are as follows:
 Three Months Ended 
 
June 30,		Six Months Ended 
 
June 30,
(in millions)2025202420252024
Sales by product type:
Phosphate Crop Nutrients$811.0 $719.5 $1,531.3 $1,390.6 
Potash Crop Nutrients750.5 831.8 1,257.9 1,514.4 
Crop Nutrient Blends268.2 307.9 608.3 660.1 
Performance Products(a)
695.2 514.7 1,193.0 981.5 
Phosphate Rock105.7 37.7 225.6 78.5 
Other(b)
375.1 405.0 810.5 870.9 
$3,005.7 $2,816.6 $5,626.6 $5,496.0 
____________________________________________
(a)Includes sales of MicroEssentials®, K-Mag® and Aspire®.
(b)Includes sales of industrial potash, feed products, nitrogen and other products.
    
Phosphates segment          
Segment Reporting Information [Line Items]          
Gross margin     $ 270.3 313.1  
Canadian resource taxes 0.0 0.0 0.0 0.0  
Gross margin (excluding canadian resource taxes) 103.0 153.7 270.3 313.1  
Operating earnings (loss) (7.9) 132.9 131.5 173.2  
Segment, Expenditure, Addition to Long-Lived Assets 184.7 176.9      
Capital expenditures     421.0 374.6  
Depreciation, depletion and amortization expense 129.2 127.9 242.4 244.8  
Assets 9,674.8   9,674.8   9,419.5
Potash segment          
Segment Reporting Information [Line Items]          
Gross margin     378.0 398.1  
Canadian resource taxes 61.7 66.8 109.0 131.3  
Gross margin (excluding canadian resource taxes) 271.1 253.2 487.0 529.4  
Operating earnings (loss) 194.1 174.4 350.9 372.4  
Segment, Expenditure, Addition to Long-Lived Assets 73.2 75.0      
Capital expenditures     118.3 171.7  
Depreciation, depletion and amortization expense 79.4 93.9 160.4 175.6  
Assets 6,903.9   6,903.9   6,480.6
Mosaic Fertilizantes segment          
Segment Reporting Information [Line Items]          
Gross margin     288.7 177.0  
Canadian resource taxes 0.0 0.0 0.0 0.0  
Gross margin (excluding canadian resource taxes) 161.7 101.8 288.7 177.0  
Operating earnings (loss) 109.0 61.2 207.5 103.2  
Segment, Expenditure, Addition to Long-Lived Assets 45.6 46.4      
Capital expenditures     104.8 128.2  
Depreciation, depletion and amortization expense 43.9 40.1 82.0 80.1  
Assets 5,039.2   5,039.2   4,372.0
Corporate, other and intersegment eliminations          
Segment Reporting Information [Line Items]          
Gross margin     70.0 (95.0)  
Canadian resource taxes 0.0 0.0 0.0 0.0  
Gross margin (excluding canadian resource taxes) 44.5 (47.9) 70.0 (95.0)  
Operating earnings (loss) (50.8) (135.2) (107.0) (242.6)  
Segment, Expenditure, Addition to Long-Lived Assets 1.1 35.6      
Capital expenditures     1.3 42.4  
Depreciation, depletion and amortization expense 9.2 2.5 19.9 5.0  
Assets 2,686.9   2,686.9   $ 2,651.9
Product          
Segment Reporting Information [Line Items]          
Net Sales [2] 3,005.7 2,816.6 5,626.6 5,496.0  
Intersegment Sales 0.0 0.0 0.0 0.0  
Revenues 3,005.7 2,816.6 5,626.6 5,496.0  
Gross margin 518.6 394.0      
Product | Phosphates segment          
Segment Reporting Information [Line Items]          
Net Sales 984.6 989.2 1,949.4 2,012.2  
Intersegment Sales 188.4 190.3 322.2 336.0  
Revenues 1,173.0 1,179.5 2,271.6 2,348.2  
Gross margin 103.0 153.7      
Product | Potash segment          
Segment Reporting Information [Line Items]          
Net Sales 711.7 655.1 1,281.9 1,289.8  
Intersegment Sales (1.2) 8.0 (1.2) 16.4  
Revenues 710.5 663.1 1,280.7 1,306.2  
Gross margin 209.4 186.4      
Product | Mosaic Fertilizantes segment          
Segment Reporting Information [Line Items]          
Net Sales 1,174.9 1,048.9 2,108.7 1,935.3  
Intersegment Sales 0.0 0.0 0.0 0.0  
Revenues 1,174.9 1,048.9 2,108.7 1,935.3  
Gross margin 161.7 101.8      
Product | Corporate, other and intersegment eliminations          
Segment Reporting Information [Line Items]          
Net Sales 134.5 123.4 286.6 258.7  
Intersegment Sales (187.2) (198.3) (321.0) (352.4)  
Revenues (52.7) (74.9) (34.4) (93.7)  
Gross margin 44.5 (47.9)      
Product | Corporate, other and intersegment eliminations | China and India distribution operations          
Segment Reporting Information [Line Items]          
Revenues 132.4 120.9 279.9 250.1  
Gross margin $ 19.7 $ 2.4 $ 40.0 $ 9.9  
[1] In 2025, the information about segment assets regularly provided to and reviewed by our CODM was revised to no longer include intercompany assets and segment cash and to include an allocation of certain fixed assets from Corporate to the Phosphate and Potash segments. As a result, the December 31, 2024 balances have been recast to reflect these changes
[2] Revenues are attributed to countries based on location of customer.