| Schedule of Segment Reporting Information |
Segment information for the three and nine months ended September 30, 2026 and 2025 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Phosphate | | Potash | | Mosaic Fertilizantes | | Corporate, Eliminations and Other(a) | | Total | | Three months ended September 30, 2026 | | | | | | | | | | | Net sales to external customers | $ | 1,119.3 | | | $ | 640.9 | | | $ | 1,254.0 | | | $ | 86.4 | | | $ | 3,100.6 | | | Intersegment net sales | 175.6 | | | 2.5 | | | — | | | (178.1) | | | — | | | Net sales | 1,294.9 | | | 643.4 | | | 1,254.0 | | | (91.7) | | | 3,100.6 | | Cost of goods sold(b) | 1,442.7 | | | 443.9 | | | 1,227.3 | | | (97.4) | | | 3,016.5 | | | Gross margin | (147.8) | | | 199.5 | | | 26.7 | | | 5.7 | | | 84.1 | | | Canadian resource taxes | — | | | 85.1 | | | — | | | — | | | 85.1 | | | Gross margin (excluding Canadian resource taxes) | (147.8) | | | 284.6 | | | 26.7 | | | 5.7 | | | 169.2 | | Selling, general and administrative(c) | 15.6 | | | 7.1 | | | 32.8 | | | 68.9 | | | 124.4 | | | | | | | | | | | | Other operating expenses (income)(d) | 30.1 | | | 4.1 | | | 15.6 | | | 6.5 | | | 56.3 | | | Operating earnings (loss) | (193.5) | | | 188.3 | | | (21.7) | | | (69.7) | | | (96.6) | | | Capital expenditures | 156.7 | | | 52.5 | | | 69.4 | | | 2.9 | | | 281.5 | | | Depreciation, depletion and amortization expense | 151.4 | | | 90.8 | | | 40.2 | | | 9.5 | | | 291.9 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, 2025 | | | | | | | | | | | Net sales to external customers | $ | 1,046.7 | | | $ | 698.8 | | | $ | 1,592.2 | | | $ | 114.4 | | | $ | 3,452.1 | | | Intersegment net sales | 243.5 | | | (4.0) | | | — | | | (239.5) | | | — | | | Net sales | 1,290.2 | | | 694.8 | | | 1,592.2 | | | (125.1) | | | 3,452.1 | | Cost of goods sold(b) | 1,146.3 | | | 458.9 | | | 1,409.8 | | | (115.2) | | | 2,899.8 | | | Gross margin | 143.9 | | | 235.9 | | | 182.4 | | | (9.9) | | | 552.3 | | | Canadian resource taxes | — | | | 86.8 | | | — | | | — | | | 86.8 | | | Gross margin (excluding Canadian resource taxes) | 143.9 | | | 322.7 | | | 182.4 | | | (9.9) | | | 639.1 | | | | | | | | | | | | Selling, general and administrative(c) | 9.6 | | | 6.5 | | | 32.0 | | | 77.4 | | | 125.5 | | | Loss (gain) on assets sold and to be sold | — | | | — | | | 73.1 | | | — | | | 73.1 | | Other operating expenses (income)(d) | 32.0 | | | 0.7 | | | (18.8) | | | — | | | 13.9 | | | Operating earnings (loss) | 102.3 | | | 228.7 | | | 96.1 | | | (87.3) | | | 339.8 | | | Capital expenditures | 220.8 | | | 71.8 | | | 70.5 | | | 1.3 | | | 364.4 | | | Depreciation, depletion and amortization expense | 129.0 | | | 92.6 | | | 45.9 | | | 9.5 | | | 277.0 | | | Nine months ended September 30, 2026 | | | | | | | | | | | Net sales to external customers | $ | 3,299.8 | | | $ | 1,952.0 | | | $ | 3,224.9 | | | $ | 446.0 | | | $ | 8,922.7 | | | Intersegment net sales | 667.4 | | | 9.1 | | | — | | | (676.5) | | | — | | | Net sales | 3,967.2 | | | 1,961.1 | | | 3,224.9 | | | (230.5) | | | 8,922.7 | | Cost of goods sold(b) | 4,116.1 | | | 1,363.0 | | | 3,157.4 | | | (248.2) | | | 8,388.3 | | | Gross margin | (148.9) | | | 598.1 | | | 67.5 | | | 17.7 | | | 534.4 | | | Canadian resource taxes | — | | | 222.3 | | | — | | | — | | | 222.3 | | | Gross margin (excluding Canadian resource taxes) | (148.9) | | | 820.4 | | | 67.5 | | | 17.7 | | | 756.7 | | Selling, general and administrative(c) | 40.7 | | | 22.5 | | | 101.0 | | | 227.7 | | | 391.9 | | | Loss (gain) on assets sold and to be sold | — | | | 1.7 | | | 232.6 | | | 4.5 | | | 238.8 | | Other operating expenses (income)(d) | 155.6 | | | 13.2 | | | 218.5 | | | 21.4 | | | 408.7 | | | Operating earnings (loss) | (345.2) | | | 560.7 | | | (484.6) | | | (235.9) | | | (505.0) | | | Capital expenditures | 579.9 | | | 169.0 | | | 202.3 | | | 7.4 | | | 958.6 | | | Depreciation, depletion and amortization expense | 434.9 | | | 256.9 | | | 180.0 | | | 28.8 | | | 900.6 | | | Nine months ended September 30, 2025 | | | | | | | | | | | Net sales to external customers | $ | 2,996.1 | | | $ | 1,980.7 | | | $ | 3,700.9 | | | $ | 401.0 | | | $ | 9,078.7 | | | Intersegment net sales | 565.7 | | | (5.2) | | | — | | | (560.5) | | | — | | | Net sales | 3,561.8 | | | 1,975.5 | | | 3,700.9 | | | (159.5) | | | 9,078.7 | | Cost of goods sold(b) | 3,147.6 | | | 1,361.6 | | | 3,229.8 | | | (219.6) | | | 7,519.4 | | | Gross margin | 414.2 | | | 613.9 | | | 471.1 | | | 60.1 | | | 1,559.3 | | | Canadian resource taxes | — | | | 195.8 | | | — | | | — | | | 195.8 | | | Gross margin (excluding Canadian resource taxes) | 414.2 | | | 809.7 | | | 471.1 | | | 60.1 | | | 1,755.1 | | | | | | | | | | | | Selling, general and administrative(c) | 34.1 | | | 22.6 | | | 116.4 | | | 242.2 | | | 415.3 | | | Loss (gain) on assets sold and to be sold | — | | | — | | | 73.1 | | | — | | | 73.1 | | Other operating expenses (income)(d) | 146.3 | | | 11.7 | | | (22.0) | | | 12.2 | | | 148.2 | | | Operating earnings (loss) | 233.8 | | | 579.6 | | | 303.6 | | | (194.3) | | | 922.7 | | | Capital expenditures | 641.8 | | | 190.1 | | | 175.3 | | | 2.6 | | | 1,009.8 | | | Depreciation, depletion and amortization expense | 371.4 | | | 253.0 | | | 127.9 | | | 29.4 | | | 781.7 | | | Total Assets | | | | | | | | | | | As of September 30, 2026 | $ | 10,179.5 | | | $ | 6,263.7 | | | $ | 4,536.3 | | | $ | 3,157.6 | | | $ | 24,137.1 | | | As of December 31, 2025 | 10,239.0 | | | 6,610.6 | | | 4,618.5 | | | 3,012.0 | | | 24,480.1 | |
______________________________ (a)The “Corporate, Eliminations and Other” category includes the results of our ancillary distribution operations in India and China. For the three and nine months ended September 30, 2026, distribution operations in India and China collectively had revenue of $83.0 million and $439.9 million, respectively, and gross margin of $9.0 million and $50.6 million, respectively. For the three and nine months ended September 30, 2025, distribution operations in India and China collectively had revenue of $112.4 million and $392.3 million, respectively, and gross margin of $13.2 million and $53.2 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. For the nine months ended September 30, 2026, this includes the write-off of $69 million recorded in the Phosphate segment related to engineering and equipment costs for a project that we decided not to move forward with. For the nine months ended September 30, 2026, this also includes expenses, such as contract terminations, the write-off of property, plant and equipment and inventory, and severance costs, as a result of our decision to divest the Araxá mining and chemical complex and idle the related mining activities at the Patrocínio complex in Brazil; these expenses are recorded in the Mosaic Fertilizantes segment.
|
| Disaggregation of Revenue by Geography |
Financial information relating to our operations by geographic area is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | (in millions) | 2026 | | 2025 | | 2026 | | 2025 | Net sales(a)(b): | | | | | | | | | Brazil | $ | 1,190.4 | | | $ | 1,527.5 | | | $ | 3,107.3 | | | $ | 3,586.1 | | | Canada | 401.1 | | | 431.3 | | | 1,238.0 | | | 1,171.0 | | | Other foreign countries | 606.8 | | | 364.3 | | | 1,661.9 | | | 1,004.3 | | | Total international sales | 2,198.3 | | | 2,323.1 | | | 6,007.2 | | | 5,761.4 | | | United States | 902.3 | | | 1,129.0 | | | 2,915.5 | | | 3,317.3 | | | Consolidated | 3,100.6 | | | $ | 3,452.1 | | | $ | 8,922.7 | | | $ | 9,078.7 | |
______________________________ (a)Revenues are attributed to countries based on location of customer. (b)Sales to Canpotex for the three and nine months ended September 30, 2026 were $351.1 million and $971.3 million, respectively. Sales to Canpotex for the three and nine months ended September 30, 2025 were $368.0 million and $901.8 million. 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.
|
| Disaggregation of Revenue by Product Type |
Net sales by product type are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | (in millions) | 2026 | | 2025 | | 2026 | | 2025 | | Sales by product type: | | | | | | | | | Phosphate Crop Nutrients | $ | 976.1 | | | $ | 952.0 | | | $ | 2,947.5 | | | $ | 2,577.1 | | | Potash Crop Nutrients | 727.5 | | | 888.0 | | | 1,905.8 | | | 2,145.9 | | | Crop Nutrient Blends | 351.6 | | | 413.4 | | | 1,005.3 | | | 1,022.4 | | Performance Products(a) | 709.4 | | | 729.6 | | | 1,873.0 | | | 1,986.2 | | | Phosphate Rock | 22.0 | | | 37.0 | | | 81.2 | | | 96.7 | | Other(b) | 314.0 | | | 432.1 | | | 1,109.9 | | | 1,250.4 | | | $ | 3,100.6 | | | $ | 3,452.1 | | | $ | 8,922.7 | | | $ | 9,078.7 | |
____________________________________________ (a)Includes sales of MicroEssentials®, K-Mag® and Aspire®. (b)Includes sales of industrial potash, feed products, nitrogen and other products.
|