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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2015	Oct. 22, 2015
Document and Entity Information
Entity Registrant Name	WORLD FUEL SERVICES CORP
Entity Central Index Key	0000789460
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		70,780,000
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 609.6	$ 302.3
Accounts receivable, net	2,039.1	2,306.4
Inventories	414.0	437.6
Prepaid expenses	75.4	76.9
Short-term derivative assets, net	179.5	303.6
Other current assets	378.7	246.6
Current assets held for sale	4.4
Total current assets	3,700.7	3,673.4
Property and equipment, net	224.7	203.4
Goodwill	667.9	653.3
Identifiable intangible and other non-current assets	345.6	350.4
Non-current assets held for sale	34.0
Total assets	4,972.9	4,880.5
Current liabilities:
Short-term debt	23.2	17.9
Accounts payable	1,629.2	1,850.1
Customer deposits	121.5	138.8
Accrued expenses and other current liabilities	329.9	232.5
Current liabilities held for sale	2.2
Total current liabilities	2,106.0	2,239.3
Long-term debt	861.2	672.0
Non-current income tax liabilities, net	101.0	85.0
Other long-term liabilities	25.4	19.3
Non-current liabilities held for sale	3.5
Total liabilities	3,097.1	3,015.6
Commitments and contingencies
World Fuel shareholders' equity:
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued
Common stock, $0.01 par value; 100 shares authorized, 70.8 and 72.1 issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	0.7	0.7
Capital in excess of par value	431.9	496.4
Retained earnings	1,541.0	1,418.5
Accumulated other comprehensive loss	(108.7)	(60.2)
Total World Fuel shareholders' equity	1,864.9	1,855.4
Noncontrolling interest equity	10.9	9.5
Total equity	1,875.8	1,864.9
Total liabilities and equity	$ 4,972.9	$ 4,880.5

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Sep. 30, 2015	Dec. 31, 2014
Consolidated Balance Sheets
Preferred stock, par value (in dollars per share)	$ 1.00	$ 1.00
Preferred stock, shares authorized	0.1	0.1
Preferred stock, shares issued	0.0	0.0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100.0	100.0
Common stock, shares issued	70.8	72.1
Common stock, shares outstanding	70.8	72.1

Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements of Income and Comprehensive Income
Revenue	$ 7,810.7	$ 11,713.5	$ 23,647.8	$ 33,606.8
Cost of revenue	7,584.0	11,498.9	23,015.2	33,012.7
Gross profit	226.7	214.6	632.6	594.1
Operating expenses:
Compensation and employee benefits	94.2	85.2	270.5	233.6
Provision for bad debt	1.6	1.2	5.2	3.5
General and administrative	64.5	54.1	177.6	158.8
Total operating expenses	160.3	140.5	453.3	395.9
Income from operations	66.4	74.1	179.3	198.2
Non-operating expenses, net:
Interest expense and other financing costs, net	(7.9)	(8.8)	(21.5)	(17.8)
Other income, net	1.9	2.6	0.5	5.9
Total non-operating expenses, net	(6.0)	(6.2)	(21.0)	(11.9)
Income before income taxes	60.4	67.9	158.3	186.3
Provision for income taxes	11.8	13.4	26.8	35.0
Net income including noncontrolling interest	48.6	54.5	131.5	151.3
Net loss attributable to noncontrolling interest	(1.0)	(1.2)	(3.6)	(3.3)
Net income attributable to World Fuel	$ 49.6	$ 55.7	$ 135.1	$ 154.6
Basic earnings per common share (in dollars per share)	$ 0.71	$ 0.79	$ 1.92	$ 2.18
Basic weighted average common shares (in shares)	70.0	70.8	70.5	70.8
Diluted earnings per common share (in dollars per share)	$ 0.71	$ 0.78	$ 1.90	$ 2.17
Diluted weighted average common shares (in shares)	70.3	71.3	71.0	71.3
Comprehensive income:
Net income including noncontrolling interest	$ 48.6	$ 54.5	$ 131.5	$ 151.3
Other comprehensive income (loss):
Foreign currency translation adjustments	(31.0)	(17.3)	(42.8)	(8.4)
Cash flow hedges, net of income tax benefit of $0.7 for the three and nine months ended September 30, 2015, respectively	(1.1)		(1.1)
Other comprehensive income (loss)	(32.1)	(17.3)	(43.9)	(8.4)
Comprehensive income including noncontrolling interest	16.5	37.2	87.6	142.9
Comprehensive income (loss) attributable to noncontrolling interest	1.1	(1.2)	1.0	(3.3)
Comprehensive income attributable to World Fuel	$ 15.4	$ 38.4	$ 86.6	$ 146.2

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Consolidated Statements of Income and Comprehensive Income
Cash flow hedges, income tax expense (benefit)	$ (0.7)	$ (0.7)

Consolidated Statements of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Loss	Total World Fuel Shareholders' Equity	Noncontrolling Interest Equity	Total
Balance at Dec. 31, 2013	$ 0.7	$ 495.2	$ 1,207.3	$ (29.3)	$ 1,673.9	$ 5.0	$ 1,678.9
Balance (in shares) at Dec. 31, 2013	71.9
Increase (Decrease) in Shareholders' Equity
Net income (loss)			154.6		154.6	(3.3)	151.3
Cash dividends declared			(7.9)		(7.9)		(7.9)
Initial noncontrolling interest upon acquisition of joint venture						1.8	1.8
Distribution of noncontrolling interest						(0.2)	(0.2)
Amortization of share-based payment awards		10.7			10.7		10.7
Issuance of common stock related to share-based payment awards (in shares)	0.4
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards		(4.5)			(4.5)		(4.5)
Purchases of common stock		(10.0)			(10.0)		(10.0)
Purchases of common stock (in shares)	(0.2)
Other comprehensive (loss) income				(8.4)	(8.4)		(8.4)
Balance at Sep. 30, 2014	$ 0.7	491.4	1,354.0	(37.7)	1,808.4	3.3	1,811.7
Balance (in shares) at Sep. 30, 2014	72.1
Balance at Dec. 31, 2014	$ 0.7	496.4	1,418.5	(60.2)	1,855.4	9.5	$ 1,864.9
Balance (in shares) at Dec. 31, 2014	72.1						72.1
Increase (Decrease) in Shareholders' Equity
Net income (loss)			135.1		135.1	(3.6)	$ 131.5
Cash dividends declared			(12.6)		(12.6)		(12.6)
Investment by noncontrolling interest						0.5	0.5
Distribution of noncontrolling interest						(0.2)	(0.2)
Amortization of share-based payment awards		12.9			12.9		12.9
Issuance of common stock related to share-based payment awards (in shares)	0.3
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards		(6.8)			(6.8)		(6.8)
Purchases of common stock		(70.5)			(70.5)		(70.5)
Purchases of common stock (in shares)	(1.6)
Other comprehensive (loss) income				(48.5)	(48.5)	4.6	(43.9)
Other		(0.1)			(0.1)	0.1
Balance at Sep. 30, 2015	$ 0.7	$ 431.9	$ 1,541.0	$ (108.7)	$ 1,864.9	$ 10.9	$ 1,875.8
Balance (in shares) at Sep. 30, 2015	70.8						70.8

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income including noncontrolling interest	$ 131.5	$ 151.3
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:
Depreciation and amortization	44.9	41.9
Provision for bad debt	5.2	3.5
Share-based payment award compensation costs	13.2	11.3
Deferred income tax (benefit) provision	(0.7)	8.3
Extinguishment of liabilities	(6.9)	(3.7)
Foreign currency losses, net	(1.4)	(6.0)
Other	2.3	(3.0)
Changes in assets and liabilities, net of acquisitions:
Accounts receivable, net	260.1	(57.7)
Inventories	22.6	(11.6)
Prepaid expenses	(9.9)	44.9
Short-term derivative assets, net	119.0	(64.4)
Other current assets	(115.6)	(36.9)
Cash collateral with financial counterparties	92.9	(30.9)
Other non-current assets	3.8	(2.7)
Accounts payable	(213.4)	10.0
Customer deposits	(13.5)	26.0
Accrued expenses and other current liabilities	(13.6)	35.2
Non-current income tax, net and other long-term liabilities	4.7	13.6
Total adjustments	193.7	(22.2)
Net cash provided by operating activities	325.2	129.1
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired and other investments	(82.0)	(230.7)
Capital expenditures	(36.4)	(37.1)
Proceeds from the sale of fixed assets	5.3
Escrow payment related to an assumed obligation of an acquired business		(21.7)
Purchase of investments	(0.9)	(1.2)
Repayment of notes receivable		0.5
Net cash used in investing activities	(114.0)	(290.2)
Cash flows from financing activities:
Borrowings of debt	4,169.0	4,738.0
Repayments of debt	(3,977.6)	(4,455.5)
Payments of senior revolving credit facility and senior term loan facility loan costs	(3.4)
Dividends paid on common stock	(11.1)	(7.9)
Investment by noncontrolling interest	(0.2)	(0.2)
Distribution of noncontrolling interest	0.5
Purchases of common stock	(70.5)	(10.0)
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards	(6.8)	(4.5)
Net cash provided by financing activities	99.9	259.9
Effect of exchange rate changes on cash and cash equivalents	(3.8)	(2.3)
Net increase in cash and cash equivalents	307.3	96.5
Cash and cash equivalents, as of beginning of period	302.3	292.1
Cash and cash equivalents, as of end of period	$ 609.6	$ 388.6

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Supplemental Schedule of Noncash Investing and Financing Activities
Cash dividends declared, but not yet paid	$ 4.2	$ 2.6
Assets acquired, net of cash	100.1	454.5
Liabilities assumed	$ 22.3	$ 297.4

Acquisitions and Significant Accounting Policies

9 Months Ended

Sep. 30, 2015

Acquisitions and Significant Accounting Policies

Acquisitions and Significant Accounting Policies

World Fuel Services Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(Unaudited)

1.Acquisitions and Significant Accounting Policies

Acquisitions

On September 1, 2015, we completed the acquisition of all of the outstanding stock of Pester Marketing Company (“Pester”), a leading distributor, transporter, and blender of branded motor fuels and lubricants to wholesale, industrial, commercial and agricultural customers. Pester is headquartered in Denver, Colorado and is also a leading operator of retail convenience stores in the Rocky Mountain region.

In addition to the above acquisition, in September 2015, we completed an acquisition in our aviation segment which was not significant.

The estimated aggregate purchase price for the 2015 acquisitions was $80.1 million, and is subject to change based on the final value of the net assets acquired. The following reconciles the estimated aggregate purchase price for the 2015 acquisitions to the cash paid for the acquisitions, net of cash acquired (in millions):


Estimated purchase price	$	80.1
Less: Cash acquired		1.2
Estimated purchase price, net of cash acquired		78.9
Less: Amounts due to sellers		0.9
Cash paid for acquisition of businesses	$	78.0

The estimated purchase price of the 2015 acquisitions was allocated to the assets acquired and liabilities assumed based on their estimated fair value as of the acquisition date. Since the valuations of the assets acquired and liabilities assumed in connection with the 2015 acquisitions have not been finalized, the allocation of the purchase price of these acquisitions may change. The estimated purchase price allocation for the 2015 acquisitions is as follows (in millions):


Assets acquired:
Cash and cash equivalents	$	1.2
Accounts receivable		5.8
Inventories		7.4
Property and equipment		39.7
Identifiable intangible assets		16.6
Goodwill		25.4
Other current and long-term assets		5.1
Liabilities assumed:
Short-term debt		(0.5)
Accounts payable		(9.9)
Accrued expenses and other current liabilities		(3.9)
Non-current income tax liabilities and other long term liabilities		(6.8)
Estimated purchase price	$	80.1

In connection with the 2015 acquisitions, we recorded goodwill of $25.4 million of which $2.7 million is anticipated to be deductible for tax purposes. The identifiable intangible assets consisted of $11.3 million of customer relationships and $4.4 million of other identifiable intangible assets with weighted average lives of 10 years and 9.4 years, respectively, as well as $0.9 million of indefinite-lived trademark/trade name rights.

The following presents the unaudited pro forma results for 2015 and 2014 as if the 2015 and 2014 acquisitions had been completed on January 1, 2014 (in millions, except per share data):


		For the Three Months ended				For the Nine Months ended
		September 30,				September 30,
		2015		2014		2015		2014
		(pro forma)		(pro forma)		(pro forma)		(pro forma)

Revenue	$	7,948.7	$	11,977.6	$	24,071.1	$	34,914.2

Net income attributable to World Fuel	$	52.0	$	60.0	$	139.9	$	164.7

Earnings per common share:
Basic	$	0.74	$	0.85	$	1.98	$	2.33
Diluted	$	0.74	$	0.84	$	1.97	$	2.31

The financial position, results of operations and cash flows of the 2015 acquisitions have been included in our consolidated financial statements since their respective acquisition dates and did not have a significant impact on our revenue and net income for the three and nine months ended September 30, 2015.

2014 Acquisitions

On July 29, 2014, we completed the acquisition of all of the outstanding stock of Colt International, L.L.C. (“Colt”) a leading provider of contract fuel and international trip planning services in the general aviation marketplace. Colt is headquartered in Houston, Texas and offers services at more than 3,000 locations.

On March 7, 2014, we completed the acquisition of all of the outstanding stock of Watson Petroleum Limited (now known as WFL (UK) Limited) (“Watson Petroleum”) a leading distributor of gasoline, diesel, heating oil, lubricants and other products and related services. Watson Petroleum is headquartered in Brinkworth, England and is one of the largest fuel distributors in the United Kingdom.

In addition to the above acquisitions, in June 2014, we completed an acquisition in our aviation segment which was not significant.

The following presents the unaudited pro forma results for 2014 as if the 2014 acquisitions had been completed on January 1, 2013 (in millions, except per share data):


	For the Three Months ended			For the Nine Months ended
	September 30, 2014			September 30, 2014
			(pro forma)			(pro forma)

Revenue		$	11,748.5		$	34,289.2

Net income attributable to World Fuel		$	56.4		$	158.8

Earnings per common share:
Basic		$	0.80		$	2.24
Diluted		$	0.79		$	2.23

Significant Accounting Policies

The significant accounting policies we use for quarterly financial reporting are the same as those disclosed in Note 1 of the “Notes to the Consolidated Financial Statements” included in our 2014 10‑K Report.

Goodwill

During the first nine months of 2015, we increased land segment goodwill by $1.0 million as a result of a reduction in identifiable intangible assets and an increase in property and equipment and reduced aviation segment goodwill by $3.8 million as a result of an increase in identifiable intangible assets, accrued expenses and other current liabilities, non-current income tax liabilities, net and a reduction in purchase price based on our ongoing fair value assessment of certain of our 2014 acquisitions. Additionally, we had goodwill decreases of $3.6 million, $1.9 million and $1.7 million as a result of foreign currency translation adjustments of our non-U.S. dollar functional currency subsidiaries in our land, aviation and marine segments, respectively.

Recent Accounting Pronouncements

Business Combinations: Simplifying the Accounting for Measurement – Period Adjustments. In September 2015, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”), to simplify the accounting for adjustments made to provisional amounts recognized in a business combination; the amendments eliminate the requirement to retrospectively account for those adjustments. The ASU will require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. It also requires that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. This update is effective at the beginning of our 2016 fiscal year. We are currently evaluating whether the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures.

Inventory: Simplifying the Measurement of Inventory. In July 2015, the FASB issued an ASU which simplifies the guidance on the subsequent measurement of inventory by requiring inventory within the scope of this update to be measured at the lower of cost or net realizable value rather than the lower of cost or market. This update is effective at the beginning of our 2017 fiscal year. We are currently evaluating whether the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures.

Interest—Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs. In April 2015, the FASB issued an ASU which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. This update is effective at the beginning of our 2016 fiscal year. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures.

Consolidation: Amendments to the Consolidation Analysis. In February 2015, the FASB issued an ASU which is intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures. This update is effective at the beginning of our 2016 fiscal year. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures.

Income Statement-Extraordinary and Unusual Items: Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. In January 2015, the FASB issued an ASU which eliminates from generally accepted accounting principles in the United States the concept of extraordinary items. This update is effective at the beginning of our 2016 fiscal year. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures.

Derivatives and Hedging: Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity. In November 2014, the FASB issued an ASU which clarifies how current generally accepted accounting principles in the United States should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. This update is effective at the beginning of our 2016 fiscal year. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures.

Presentation of Financial Statements-Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. In August 2014, the FASB issued an ASU which requires management of the Company to evaluate whether there is substantial doubt about the Company’s ability to continue as a going concern. This update is effective at the beginning of our 2017 fiscal year. We do not believe the adoption of this new guidance will have an impact on our financial statement disclosures.

Compensation-Stock Compensation. Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. In June 2014, the FASB issued an ASU which includes guidance that requires a performance target that affects vesting and that could be achieved after the requisite service period to be treated as a performance condition. This update is effective at the beginning of our 2016 fiscal year. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures.

Transfers and Servicing: Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. In June 2014, the FASB issued an ASU which changes the accounting for repurchase-to-maturity transactions and repurchase financing arrangements. It also requires additional disclosures about repurchase agreements and other similar transactions. This update became effective at the beginning of our 2015 fiscal year. The adoption of this ASU did not have a significant impact on our consolidated financial statements and disclosures.

Revenue from Contracts with Customers. In May 2014, the FASB issued an ASU which provides guidance for revenue recognition for any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets. The ASU will replace most existing revenue recognition guidance in generally accepted accounting principles in the United States when it becomes effective. This update is effective at the beginning of our 2018 fiscal year. We are currently evaluating whether the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures.

Presentation of Financial Statements and Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. In April 2014, the FASB issued an ASU which changes the criteria for reporting discontinued operations and enhances disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance. This update became effective at the beginning of our 2015 fiscal year. The adoption of this ASU did not have a significant impact on our consolidated financial statements and disclosures.

Reclassifications

Certain amounts in prior periods have been reclassified to conform to the current period’s presentation.

Fair Value Measurements

9 Months Ended

Sep. 30, 2015

Fair Value Measurements

Fair Value Measurements

2.Fair Value Measurements

The carrying amounts of cash and cash equivalents, accounts receivable, net, accounts payable and accrued expenses and other current liabilities approximate fair value based on the short-term maturities of these instruments. Fair value for our debt and notes receivable is derived using a discounted cash flow valuation methodology. The carrying values of these instruments approximate fair value since these instruments bear interest either at variable rates or fixed rates which are not significantly different than market rates. Based on the fair value hierarchy, our debt of $884.4 million and $689.9 million as of September 30, 2015 and December 31, 2014, respectively, and our notes receivable of $6.4 million and $7.0 million as of September 30, 2015 and December 31, 2014, respectively, are categorized in Level 3.

The following table presents information about our financial assets and liabilities that are measured at estimated fair value on a recurring basis (in millions):



									Netting
									and
	Level 1		Level 2		Level 3		Sub-Total		Collateral		Total
As of September 30, 2015
Assets:
Commodity contracts	$	194.0	$	249.1	$	1.3	$	444.4	$	(255.1)	$	189.3
Foreign currency contracts		—		10.7		—		10.7		(6.0)		4.7
Inventories		—		1.8		—		1.8		—		1.8
Cash surrender value of life insurance		—		2.3		—		2.3		—		2.3
Total	$	194.0	$	263.9	$	1.3	$	459.2	$	(261.1)	$	198.1
Liabilities:
Commodity contracts	$	311.2	$	127.0	$	0.1	$	438.3	$	(389.9)	$	48.4
Foreign currency contracts				6.8		—		6.8		(6.0)		0.8
Total	$	311.2	$	133.8	$	0.1	$	445.1	$	(395.9)	$	49.2

As of December 31, 2014
Assets:
Commodity contracts	$	173.7	$	495.6	$	4.2	$	673.5	$	(368.0)	$	305.5
Foreign currency contracts		—		21.8		—		21.8		(12.0)		9.8
Cash surrender value of life insurance		—		2.2		—		2.2		—		2.2
Total	$	173.7	$	519.6	$	4.2	$	697.5	$	(380.0)	$	317.5
Liabilities:
Commodity contracts	$	306.4	$	329.9	$	1.3	$	637.6	$	(595.6)	$	42.0
Foreign currency contracts		—		12.0		—		12.0		(12.0)		—
Inventories		—		22.9		—		22.9		—		22.9
Total	$	306.4	$	364.8	$	1.3	$	672.5	$	(607.6)	$	64.9

The cash surrender value of life insurance is in connection with the non-qualified deferred compensation plan and was included in identifiable intangible and other non-current assets in the accompanying consolidated balance sheets.

Nonrecurring Fair Value Measurements. In connection with the acquisition of all of the outstanding stock of Pester, we committed to a plan to sell certain assets and liabilities of Pester’s fuel retail business. The fair value of the assets and liabilities held for sale were measured using a discounted cash flow valuation methodology. In accordance with the applicable accounting guidance, the long-lived assets held for sale were recorded at fair value less cost to sell at the acquisition date. The carrying amounts of the current assets and liabilities held for sale approximate fair value based on the short-term maturities of these instruments. Based on the fair value hierarchy, as of September 30, 2015, the fair value of the asset disposal group (excluding inventories) of $34.1 million and the liability disposal group of $5.7 million were categorized as Level 3, as significant unobservable inputs were used in the valuation of such assets and liabilities. The inventories of $4.3 million as of September 30, 2015 were categorized as Level 2 as they were valued based on the price to retailers in a wholesale market.

The following table presents information regarding the balance sheet location of our commodity and foreign currency contracts net assets and liabilities (in millions):


	As of
	September 30, 2015		December 31, 2014
Commodity Contracts
Assets:
Short-term derivative assets, net	$	175.3	$	294.3
Identifiable intangible and other non-current assets		14.0		11.2
Total net assets	$	189.3	$	305.5

Liabilities:
Accrued expenses and other current liabilities	$	43.1	$	41.3
Other long-term liabilities		5.3		0.7
Total net liabilities	$	48.4	$	42.0

Foreign Currency Contracts
Assets:
Short-term derivative assets, net	$	4.2	$	9.3
Identifiable intangible and other non-current assets		0.5		0.5
Total net assets	$	4.7	$	9.8

Liabilities:
Accrued expenses and other current liabilities	$	0.8	$	—
Total net liabilities	$	0.8	$	—

For our derivative contracts, we may enter into master netting, collateral and offset agreements with counterparties. These agreements provide us the ability to offset a counterparty’s rights and obligations, request additional collateral when necessary or liquidate the collateral in the event of counterparty default. We net fair value of cash collateral paid or received against fair value amounts recognized for net derivative positions executed with the same counterparty under the same master netting or offset agreement.

As of September 30, 2015, we had $208.1 million of cash collateral deposits held by financial counterparties, of which $154.8 million have been offset against the total amount of commodity fair value liabilities in the above table and the remaining $53.3 million is included in other current assets in the accompanying consolidated balance sheets. In addition, as of September 30, 2015, we have offset $20.0 million of cash collateral deposits received from customers against the total amount of commodity fair value assets in the above table. As of December 31, 2014, we had $301.0 million of cash collateral deposits held by financial counterparties, of which $274.3 million have been offset against the total amount of commodity fair value liabilities in the above table and the remaining $26.7 million is included in other current assets in the accompanying consolidated balance sheets. In addition, as of December 31, 2014, we have offset $46.7 million of cash collateral deposits received from customers against the total amount of commodity fair value assets in the above table.

The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis that utilized Level 3 inputs for the periods presented (in millions):


	Beginning of Period		Realized and Unrealized Gains (Losses) Included in Earnings		Settlements			Transfers into Level 3	End of Period		Change in Unrealized Gains (Losses) Relating to Assets and Liabilities that are Held at end of Period		Location of Realized and Unrealized Gains (Losses)Included in Earnings
Three months ended September 30, 2015
Assets:
Commodity contracts	$	0.5	$	(0.1)	$	0.1	$	1.0	$	1.3	$	1.0	Revenue
Liabilities:
Commodity contracts	$	0.4	$	0.4	$	—	$	(0.1)	$	0.1	$	0.5	Cost of revenue
Three months ended September 30, 2014
Assets:
Commodity contracts	$	5.8	$	4.1	$	6.6	$	—	$	3.3	$	2.0	Revenue
Liabilities:
Commodity contracts	$	—	$	(0.1)	$	—	$	—	$	0.1	$	(0.1)	Revenue
Nine months ended September 30, 2015
Assets:
Commodity contracts	$	4.2	$	0.7	$	4.6	$	1.0	$	1.3	$	1.4	Revenue
Liabilities:
Commodity contracts	$	1.3	$	0.8	$	0.5	$	(0.1)	$	0.1	$	0.9	Cost of revenue
Nine months ended September 30, 2014
Assets:
Commodity contracts	$	—	$	9.9	$	6.6	$	—	$	3.3	$	3.3	Revenue
Liabilities:
Commodity contracts	$	—	$	(0.1)	$	—	$	—	$	0.1	$	(0.1)	Revenue

The nature of inputs that are considered Level 3 are modeled inputs. Commodity contracts are categorized in Level 3due to the significance of the unobservable model inputs to their respective fair values. The unobservable model inputs, such as basis differentials, are based on the difference between the historical prices of our prior transactions and the underlying observable data as well as certain risk related to non-performance. The effect on our income before income taxes of a 10% change in the model input for non-performance risk would not be significant. There were no transfers between Level 1 and Level 2 during the periods presented. Transfers between Level 2 and Level 3 were due to the increased significance of basis adjustments which are Level 3 measurements.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivatives

9 Months Ended

Sep. 30, 2015

Derivatives

Derivatives

3.Derivatives

We enter into financial derivative contracts in order to mitigate the risk of market price fluctuations in aviation, marine and land fuel, to offer our customers fuel pricing alternatives to meet their needs and to mitigate the risk of fluctuations in foreign currency exchange rates. We also enter into proprietary derivative transactions, primarily intended to capitalize on arbitrage opportunities in basis or time spreads related to fuel products we sell. We have applied the normal purchase and normal sales exception (“NPNS”), as provided by accounting guidance for derivative instruments and hedging activities, to certain of our physical forward sales and purchase contracts. While these contracts are considered derivative instruments under the guidance for derivative instruments and hedging activities, they are not recorded at fair value, but rather are recorded in our consolidated financial statements when physical settlement of the contracts occurs. If it is determined that a transaction designated as NPNS no longer meets the scope of the exception, the fair value of the related contract is recorded as an asset or liability on the consolidated balance sheet and the difference between the fair value and the contract amount is immediately recognized through earnings.

The following describes our derivative classifications:

Cash Flow Hedges. Includes certain commodity contracts we enter into to mitigate the risk of price volatility in forecasted purchases and sales.

Fair Value Hedges. Includes derivatives we enter into in order to hedge price risk associated with our inventory and certain firm commitments relating to fixed price purchase and sale contracts.

Non-designated Derivatives. Includes derivatives we primarily enter into in order to mitigate the risk of market price fluctuations in aviation, marine and land fuel in the form of swaps or futures as well as certain fixed price purchase and sale contracts and proprietary trading. In addition, non-designated derivatives are entered into to hedge the risk of currency rate fluctuations.

As of September 30, 2015, our derivative instruments, at their respective fair value positions were as follows (in millions, except weighted average fixed price and weighted average mark-to-market amount):


							Weighted
							Average
					Weighted		Mark-to-
	Settlement				Average		Market		Fair Value
Hedge Strategy	Period	Derivative Instrument	Notional	Unit	Fixed Price		Amount		Amount

Fair Value Hedge	2015	Commodity contracts for inventory hedging	5.8	BBL	$	42.959	$	(0.224)	$	(1.3)
	2016	Commodity contracts for inventory hedging	0.1	BBL		66.989		18.000		1.8
									$	0.5

Cash Flow Hedge	2015	Commodity contracts for inventory hedging	—	BBL		64.730		—		0.5
	2016	Commodity contracts for inventory hedging	1.5	BBL		66.772		(1.400)		(2.1)
										(1.6)

Non-Designated	2015	Commodity contracts (long)	21.3	BBL	$	51.090	$	(13.649)	$	(291.3)
	2015	Commodity contracts (short)	21.1	BBL		58.480		14.600		308.3
	2016	Commodity contracts (long)	23.2	BBL		62.660		(22.101)		(513.6)
	2016	Commodity contracts (short)	21.6	BBL		69.870		23.284		502.8
	2017	Commodity contracts (long)	0.9	BBL		26.260		(2.065)		(1.9)
	2017	Commodity contracts (short)	1.0	BBL		20.160		2.129		2.1
	2018	Commodity contracts (long)	0.1	BBL		17.500		(1.572)		(0.1)
	2018	Commodity contracts (short)	0.1	BBL		26.810		4.505		0.5
	2020	Commodity contracts (short)	0.1	BBL		18.840		3.895		0.4
	2015	Foreign currency contracts	8.9	AUD		0.732		0.034		0.3
	2015	Foreign currency contracts	81.3	CAD		1.307		0.009		0.7
	2015	Foreign currency contracts	2,841.4	CLP		677.060		0.000		0.2
	2015	Foreign currency contracts	52.5	EUR		1.118		(0.006)		(0.3)
	2015	Foreign currency contracts	116.3	GBP		1.552		0.008		0.9
	2015	Foreign currency contracts	2,126.1	MXN		16.478		(0.000)		(0.3)
	2015	Foreign currency contracts	43.8	NOK		8.219		0.002		0.1
	2015	Foreign currency contracts	41.0	RON		3.999		(0.002)		(0.1)
	2015	Foreign currency contracts	37.4	SGD		1.392		0.011		0.4
	2015	Foreign currency contracts	59.1	ZAR		13.019		0.007		0.4
	2016	Foreign currency contracts	40.0	GBP		1.553		0.035		1.4
	2017	Foreign currency contracts	4.8	GBP		1.569		0.042		0.2
									$	11.1

The following table presents information about our derivative instruments measured at fair value and their locations on the consolidated balance sheets (in millions):


		As of
	Balance Sheet Location	September 30, 2015		December 31, 2014
Derivative assets:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	20.1	$	18.8
Commodity contracts	Accrued expenses and other current liabilities		1.0		4.7
			21.1		23.5
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net		237.9		399.0
Commodity contracts	Identifiable intangible and other non-current assets		16.3		12.1
Commodity contracts	Accrued expenses and other current liabilities		157.8		234.1
Commodity contracts	Other long-term liabilities		11.3		4.8
Foreign currency contracts	Short-term derivative assets, net		9.6		21.3
Foreign currency contracts	Identifiable intangible and other non-current assets		0.5		0.5
Foreign currency contracts	Accrued expenses and other current liabilities		0.6		—
			434.0		671.8
		$	455.1	$	695.3

Derivative liabilities:
Derivatives designated as hedging instruments
Commodity contracts	Other current assets	$	21.4	$	1.0
Commodity contracts	Accrued expenses and other current liabilities		0.8		0.7
			22.2		1.7
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net		41.4		76.0
Commodity contracts	Identifiable intangible and other non-current assets		2.3		0.6
Commodity contracts	Accrued expenses and other current liabilities		346.9		530.0
Commodity contracts	Other long-term liabilities		25.5		29.3
Foreign currency contracts	Short-term derivative assets, net		5.4		12.0
Foreign currency contracts	Accrued expenses and other current liabilities		1.4		—
			422.9		647.9
		$	445.1	$	649.6

The following table presents the effect and financial statement location of our derivative instruments and related hedged items in fair value hedging relationships on our consolidated statements of income and comprehensive income (in millions):


		Realized and Unrealized						Realized and Unrealized
Derivative Instruments	Location	Gain				Hedged Items	Location	(Loss)
		2015		2014				2015		2014

Three months ended September 30,
Commodity contracts	Cost of revenue	$	52.8	$	36.3	Inventories	Cost of revenue	$	(48.5)	$	(36.2)
Nine months ended September 30,
Commodity contracts	Cost of revenue	$	36.7	$	34.6	Inventories	Cost of revenue	$	(29.2)	$	(44.9)

There were no gains or losses for the three and nine months ended September 30, 2015 and 2014 that were excluded from the assessment of the effectiveness of our fair value hedges.

The following table presents the effect and financial statement location of our derivative instruments in cash flow hedging relationships on our accumulated other comprehensive income and consolidated statements of income and comprehensive income (in millions):



		Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)			Location of Realized Gain (Loss)		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)				Amount of Gain (Loss) Recognized in Income (Ineffective Portion)
Derivative Instruments		2015	2014		(Effective Portion)		2015		2014		2015		2014
Three months ended September 30,
Commodity Contracts	$	0.3	$	—	Revenue	$	—		—	$	(1.2)	$	—
Commodity Contracts		(1.4)		—	Cost of revenue		—		—		0.9		—
Total	$	(1.1)	$	—		$	—	$	—	$	(0.3)	$	—

Nine months ended September 30,
Commodity Contracts		0.3		—	Revenue		—		—	$	(1.2)	$	—
Commodity Contracts		(1.4)		—	Cost of revenue		—		—		0.9		—
Total	$	(1.1)	$	—		$	—	$	—	$	(0.3)	$	—

In the event forecasted cash outflows are less than the hedged amounts, a portion or all of the gain or losses recorded in accumulated other comprehensive income are reclassified to the consolidated statements of income and comprehensive income. As of September 30, 2015, the maximum amount that could be reclassified to the consolidated statements of income and comprehensive income for the next twelve months is not significant.

The following table presents the effect and financial statement location of our derivative instruments not designated as hedging instruments on our consolidated statements of income and comprehensive income (in millions):


		Realized and Unrealized
Derivatives	Location	Gain (Loss)
		2015		2014

Three months ended September 30,
Commodity contracts	Revenue	$	43.2	$	19.8
Commodity contracts	Cost of revenue		(39.9)		0.7
Foreign currency contracts	Revenue		3.4		2.9
Foreign currency contracts	Other income, net		1.9		8.9
		$	8.6	$	32.3

Nine months ended September 30,
Commodity contracts	Revenue	$	89.2	$	43.9
Commodity contracts	Cost of revenue		(68.0)		9.8
Foreign currency contracts	Revenue		2.1		1.6
Foreign currency contracts	Other income, net		6.9		5.5
		$	30.2	$	60.8

We enter into derivative instrument contracts which may require us to periodically post collateral. Certain of these derivative contracts contain clauses that are similar to credit-risk-related contingent features, including material adverse change, general adequate assurance and internal credit review clauses that may require additional collateral to be posted and/or settlement of the instruments in the event an aforementioned clause is triggered. The triggering events are not a quantifiable measure; rather they are based on good faith and reasonable determination by the counterparty that the triggers have occurred. As of September 30, 2015, the net liability position for such contracts is $62.2 million, the collateral posted is $43.9 million and the amount of assets required to be posted and/or to settle the positions should a credit-risk contingent feature be triggered is $30.2 million. As of December 31, 2014, the net liability position for such contracts is $111.7 million, the collateral posted is $89.4 million and the amount of assets required to be posted and/or to settle the positions should a credit-risk contingent feature be triggered is $22.3 million.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

Debt

9 Months Ended

Sep. 30, 2015

Debt

Debt

4.Debt

Our debt consisted of the following (in millions):


	As of
	September 30,		December 31,
	2015		2014
Credit Facility	$	525.0	$	420.0
Term Loans		336.2		241.3
Capital Leases		13.6		11.4
Other		9.6		17.2
Total debt		884.4		689.9
Short-term debt		23.2		17.9
Long-term debt	$	861.2	$	672.0

We have a Credit Facility which permits borrowings up to $1.26 billion. Additionally, the Credit Facility has a sublimit of $400.0 million for the issuance of letters of credit and bankers’ acceptances and matures in October 2018. We had outstanding borrowings under our Credit Facility totaling $525.0 million and $420.0 million as of September 30, 2015 and December 31, 2014, respectively. Our issued letters of credit under the Credit Facility totaled $7.8 million and $14.8 million as of September 30, 2015 and December 31, 2014, respectively. As of September 30, 2015 and December 31, 2014, the unused portion of our Credit Facility was $727.2 million and $665.2 million, respectively.

Assets and Liabilities Held for Sale

9 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups

Assets and Liabilities Held for Sale

5. Assets and Liabilities Held for Sale

During the third quarter of 2015 and in connection with the acquisition of all of the outstanding stock of Pester, we committed to a plan to sell certain assets and liabilities of Pester’s fuel retail business. As all of the criteria for classification as held for sale were met, those assets and liabilities of the business were presented separately as held for sale in our consolidated balance sheets as of September 30, 2015. In accordance with the applicable accounting guidance, the long-lived assets of the disposal group were recorded at fair value less cost to sell at the acquisition date. The current assets and liabilities within the disposal group approximate fair value based on the short maturities of these instruments. For operating segment reporting purposes, these net assets have been reported as part of the land segment.

The major classes of assets and liabilities held for sale included in the Consolidated Balance Sheets are as follows (in millions):


	As of
	September 30, 2015

Current assets held for sale:
Accounts receivable	$	0.1
Inventories		4.3
Total current assets held for sale	$	4.4

Non-current assets held for sale:
Identifiable intangible assets	$	2.5
Property and equipment		28.0
Goodwill		3.5
Total non-current assets held for sale	$	34.0

Current liabilities held for sale:
Accrued expenses and other current liabilities	$	2.2
Total current liabilities held for sale	$	2.2

Non-current liabilities held for sale:
Non-current income tax liabilities	$	3.5
Total non-current liabilities held for sale	$	3.5

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

Interest Income, Expense and Other Financing Costs

9 Months Ended

Sep. 30, 2015

Interest Income, Expense and Other Financing Costs

Interest Income, Expense and Other Financing Costs

6.Interest Income, Expense and Other Financing Costs

The following table provides additional information about our interest (expense) income, and other financing costs, net, for the periods presented (in millions):


	For the Three Months ended				For the Nine Months ended
	September 30,				September 30,
	2015		2014		2015		2014
Interest income	$	1.3	$	1.3	$	4.0	$	4.5
Interest expense and other financing costs		(9.2)		(10.1)		(25.5)		(22.3)
	$	(7.9)	$	(8.8)	$	(21.5)	$	(17.8)

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2015
Commitments and Contingencies
Commitments and Contingencies	7.Commitments and Contingencies Legal Matters Lac-Megantic, Quebec As described in Part II — Item 1 of this 10-Q Report, various lawsuits have been filed against us and other third parties related to the July 2013 train derailment in Lac-Mégantic, Quebec (the “Derailment”). On June 8, 2015, we entered into a settlement agreement (the “Settlement Agreement”) with the Trustee (the “Trustee”) for the U.S. bankruptcy estate of Montreal, Maine & Atlantic Railway, Ltd., Montreal, Maine and Atlantic Canada Co. (“MMAC”), and the monitor (the “Monitor”) in MMAC’s Canadian bankruptcy (collectively, the “MMA Parties”) to resolve all claims arising out of the Derailment. Under the terms of the Settlement Agreement, we will contribute US$110 million (the “Settlement Payment”) to a compensation fund established to compensate parties who suffered losses as a result of the Derailment. As part of the settlement, we will also assign to the Trustee and MMAC certain claims we have against third parties arising out of the Derailment. In consideration of the Settlement Payment and the assignment of claims to the Trustee and MMAC, we, as well as our former joint ventures, DPTS Marketing, LLC and Dakota Petroleum Transport Solutions, LLC and each of their affiliates (collectively, the “WFS Parties”), will receive the benefit of the global releases and injunctions set forth in the respective bankruptcy plans filed by the Trustee in the U.S. and by MMAC in Canada (the “U.S. Bankruptcy Plan” and the “CCAA Plan” respectively, each a “Plan” and collectively the “Plans”). The effect of these global releases and injunctions will be to bar all claims which may exist now or in the future against the WFS Parties arising out of the Derailment, other than criminal claims which by law may not be released. Neither the releases and injunctions set forth in the Plans nor our obligation to make the Settlement Payment will be effective unless and until the Plans are approved by creditors in both the U.S. and Canadian bankruptcies, an order sanctioning the CCAA Plan is issued by the Canadian bankruptcy court, orders confirming the U.S. Bankruptcy Plan and recognizing the CCAA Plan are issued by the U.S. bankruptcy court, an order confirming the U.S. Approval Order (as defined below) is issued by the U.S. District Court and each such order becomes final and non-appealable (“Final Approval”). The CCAA Plan was approved by creditors and the Canadian bankruptcy court entered an order sanctioning the CCAA Plan in July 2015 (the “Canadian Approval Order”). Canadian Pacific Railway (“CPR”) subsequently requested leave of court to appeal the Canadian Approval Order, which request remains pending. In October 2015, the Canadian bankruptcy court issued an order approving modifications to the Canadian Approval Order (the “Amended Canadian Approval Order”). Based on these modifications, and similar terms included in the U.S. Approval Order, CPR has agreed to withdraw, upon Final Approval, all of its objections and appeals relating to the Plans. In August 2015, the CCAA Plan and the Canadian Approval Order were recognized under the U.S. bankruptcy code by an order of the U.S. bankruptcy court. CPR subsequently appealed the order recognizing the CCAA Plan but, as previously noted, has agreed to withdraw its appeal upon Final Approval. In October 2015, the U.S. bankruptcy court entered a supplemental order recognizing the Amended Canadian Approval Order. The U.S. Bankruptcy Plan has been approved by creditors and the U.S. bankruptcy court entered an order confirming the U.S. Bankruptcy Plan in October 2015 (the “U.S. Approval Order”). The U.S. Approval Order remains subject to the review and approval of the U.S. District Court for the District of Maine. Allowable time periods for appeals of certain of the orders remain and any order issued by the U.S. District Court would not be final until expiration of an appeal period. As a result, Final Approval of both the U.S. Bankruptcy Plan and CCAA Plan and the related timing remain uncertain. For additional information regarding legal proceedings related to the Derailment, see Part II — Item 1 of this 10-Q Report. Based on anticipated payments under the Settlement Agreement, the value of the tank cars involved in the incident, payments under settlement agreements with certain lessors as well as legal and other costs incurred in connection with the incident, which we believe are probable and for which a reasonable estimate can be made, we have recorded total liabilities of $158.9 million. We believe that a substantial portion of these liabilities is covered by insurance and have recorded total receivables of $155.1 million. As of September 30, 2015, the remaining unpaid liabilities of $124.9 million are included primarily in accrued expenses and other current liabilities and the remaining uncollected receivable of $137.5 million is included in other current assets in the accompanying consolidated balance sheets. Other Matters In connection with a theft of fuel product valued at approximately $18.0 million, we recorded an insurance receivable for the full amount of the loss, which is included in other current assets in the accompanying consolidated balance sheets. On July 31, 2014, our insurer, AGCS Marine Insurance Company (“AGCS”), filed a declaratory judgment action against us in the United States District Court for the Southern District of New York seeking a court ruling that the loss is not covered under our policy. During the quarter ended December 31, 2014, we filed an answer to the AGCS complaint and counterclaims against AGCS for declaratory judgment and breach of contract seeking a court ruling that the loss is covered under the policy, an award of damages equal to the full amount of our loss plus interest, as well as fees and costs. We believe AGCS’ position is without merit and we intend to vigorously pursue our rights. However, due to the complexities and uncertainties inherent in litigation, we can provide no assurance that we will recover the full amount of the loss. We are a party to various claims, complaints and proceedings arising in the ordinary course of our business including, but not limited to, environmental claims, commercial and governmental contract claims, such as property damage, demurrage, personal injury, billing and fuel quality claims, as well as bankruptcy preference claims and tax and administrative claims. We have established loss provisions for these ordinary course claims as well as other matters in which losses are probable and can be reasonably estimated. As of September 30, 2015, we had recorded certain reserves which were not significant. For those matters where a reserve has not been established and for which we believe a loss is reasonably possible, as well as for matters where a reserve has been recorded but for which an exposure to loss in excess of the amount accrued is reasonably possible, we believe that such losses will not have a material adverse effect on our consolidated financial statements. However, any adverse resolution of one or more such claims, complaints or proceedings during a particular period could have a material adverse effect on our consolidated financial statements or disclosures for that period. Our estimates regarding potential losses and materiality are based on our judgment and assessment of the claims utilizing currently available information. Although we will continue to reassess our reserves and estimates based on future developments, our objective assessment of the legal merits of such claims may not always be predictive of the outcome and actual results may vary from our current estimates. Termination of Employment Agreement On March 13, 2015, we agreed with Mr. Michael S. Clementi that he would retire from his position as Aviation Segment President, effective March 16, 2015. In connection with the termination of his employment agreement, we recorded a charge totaling $3.8 million in March 2015, which included non-cash expenses of $0.8 million related to previously awarded stock compensation. As of September 30, 2015, $0.5 million of the cash portion of the termination of the employment agreement charge was included in accrued expenses and other current liabilities and $1.7 million was included in other long-term liabilities in the accompanying consolidated balance sheets.

Shareholders' Equity

9 Months Ended

Sep. 30, 2015

Shareholders' Equity

Shareholders' Equity

8.Shareholders’ Equity

In June 2015, our Board of Directors renewed its existing common stock repurchase program by replacing the remainder of the existing program and authorizing the purchase of up to $100.0 million in common stock. The program does not require a minimum number of shares of common stock to be purchased, has no expiration date and may be suspended or discontinued at any time. As of September 30, 2015, we have $59.5 million available to repurchase shares under the share repurchase program.

Other Comprehensive Loss and Accumulated Other Comprehensive Loss

Our other comprehensive loss, consisting of foreign currency translation adjustments related to our subsidiaries that have a functional currency other than the U.S. dollar and cash flow hedges, was as follows (in millions):


	Foreign					Accumulated
	Currency		Cash			Other
	Translation Adjustments		Flow Hedges			Comprehensive Loss
Balance as of December 31, 2014	$	(60.2)		$	—		$	(60.2)
Other comprehensive loss		(42.8)			(1.1)			(43.9)
Less: Net other comprehensive income attributable to noncontrolling interest		4.6			—			4.6
Balance as of September 30, 2015	$	(107.6)		$	(1.1)		$	(108.7)

Balance as of December 31, 2013	$	(29.3)		$	—		$	(29.3)
Other comprehensive loss		(8.4)			—			(8.4)
Balance as of September 30, 2014	$	(37.7)		$	—		$	(37.7)

The foreign currency translation adjustment losses for the nine months ended September 30, 2015 were primarily due to the strengthening of the U.S. dollar as compared to the Brazilian Real. The foreign currency translation adjustment losses for the nine months ended September 30, 2014 were primarily due to the strengthening of the U.S dollar as compared to the Brazilian Real and the British Pound.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Income Taxes

9 Months Ended

Sep. 30, 2015

Income Taxes

Income Taxes

9.Income Taxes

Our income tax provision for the periods presented and the respective effective income tax rates for such periods are as follows (in millions, except for income tax rates):


	For the Three Months ended						For the Nine Months ended
	September 30,						September 30,
	2015			2014			2015			2014
Income tax provision	$	11.8		$	13.4		$	26.8		$	35.0

Effective income tax rate		19.5	%		19.8	%		16.9	%		18.8	%

Our provision for income taxes for each of the three-month and nine-month periods ended September 30, 2015 and 2014 was calculated based on the estimated annual effective income tax rate for the full 2015 and 2014 fiscal years. The actual effective income tax rate for the full 2015 fiscal year may be materially different as a result of differences between estimated versus actual results and the geographic tax jurisdictions in which the results are earned.

We operated under a special income tax concession in Singapore which began January 1, 2008. Our current five year special income tax concession was effective January 1, 2013. The special income tax concession is conditional upon our meeting of certain employment and investment thresholds which, if not met in accordance with our agreement, may eliminate the benefit beginning with the first year in which the conditions are not satisfied. The income tax concession reduces the income tax rate on qualified sales and the impact of this income tax concession decreased foreign income taxes by $1.1 million and $1.7 million for the three months ended September 30, 2015 and 2014, respectively, and by $3.9 million and $5.5 million for the nine months ended September 30, 2015 and 2014, respectively. The impact of the income tax concession on basic earnings per common share was $0.02 and $0.02 for the three months ended September 30, 2015 and 2014, respectively, and $0.05 and $0.08 for the nine months ended September 30, 2015 and 2014, respectively. On a diluted earnings per common share basis, the impact was $0.02 and $0.02 for the three months ended September 30, 2015 and 2014, respectively, and $0.05 and $0.08 for the nine months ended September 30, 2015 and 2014, respectively.

Earnings per Common Share

9 Months Ended

Sep. 30, 2015

Earnings per Common Share

Earnings per Common Share

10.Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the periods presented (in millions, except per share amounts):


	For the Three Months ended				For the Nine Months ended
	September 30,				September 30,
	2015		2014		2015		2014
Numerator:
Net income attributable to World Fuel	$	49.6	$	55.7	$	135.1	$	154.6

Denominator:
Weighted average common shares for basic earnings per common share		70.0		70.8		70.5		70.8
Effect of dilutive securities		0.3		0.5		0.5		0.5
Weighted average common shares for diluted earnings per common share		70.3		71.3		71.0		71.3

Weighted average securities which are not included in the calculation of diluted earnings per common share because their impact is anti-dilutive or their performance conditions have not been met		1.5		0.8		1.0		0.8

Basic earnings per common share	$	0.71	$	0.79	$	1.92	$	2.18

Diluted earnings per common share	$	0.71	$	0.78	$	1.90	$	2.17

Business Segments

9 Months Ended

Sep. 30, 2015

Business Segments

Business Segments

11.Business Segments

Based on the nature of operations and quantitative thresholds pursuant to accounting guidance for segment reporting, we have three reportable operating business segments: aviation, marine and land. Corporate expenses are allocated to the segments based on usage, where possible, or on other factors according to the nature of the activity. Our results of operations include (i) the results of the acquisition of all of the outstanding stock of Watson Petroleum in our land segment commencing on March 7, 2014, its acquisition date, (ii) the results of the acquisition of all of the outstanding stock of Colt in our aviation segment commencing on July 29, 2014, its acquisition date, and (iii) the results of the acquisition of all of the outstanding stock of Pester in our land segment commencing on September 1, 2015, its acquisition date. The accounting policies of the reportable operating segments are the same as those described in the Summary of Significant Accounting Policies (see Note 1).

Information concerning our revenue, gross profit and income from operations by segment is as follows (in millions):


	For the Three Months ended				For the Nine Months ended
	September 30,				September 30,
Revenue:	2015		2014		2015		2014
Aviation segment	$	2,995.3	$	4,675.6	$	9,077.6	$	13,361.8
Marine segment		2,388.1		3,725.6		7,514.3		10,738.6
Land segment		2,427.3		3,312.3		7,055.9		9,506.4
	$	7,810.7	$	11,713.5	$	23,647.8	$	33,606.8

Gross profit:
Aviation segment	$	106.8	$	96.2	$	274.8	$	246.9
Marine segment		48.6		49.4		144.3		146.1
Land segment		71.3		69.0		213.5		201.1
	$	226.7	$	214.6	$	632.6	$	594.1

Income from operations:
Aviation segment	$	47.0	$	47.3	$	100.8	$	114.5
Marine segment		17.5		20.9		57.3		62.9
Land segment		19.1		19.1		67.3		60.0
		83.6		87.3		225.4		237.4
Corporate overhead - unallocated		17.2		13.2		46.1		39.2
	$	66.4	$	74.1	$	179.3	$	198.2

Information concerning our accounts receivable, net and total assets by segment is as follows (in millions):


	As of
	September 30,		December 31,
	2015		2014
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $6.8 and $7.9 as of September 30, 2015 and December 31, 2014, respectively	$	574.2	$	685.0
Marine segment, net of allowance for bad debt of $9.9 and $8.4 as of September 30, 2015 and December 31, 2014, respectively		748.4		974.0
Land segment, net of allowance for bad debt of $8.1 and $9.4 as of September 30, 2015 and December 31, 2014, respectively		716.5		647.4
	$	2,039.1	$	2,306.4


Total assets:
Aviation segment	$	1,606.9	$	1,635.9
Marine segment		1,361.4		1,483.1
Land segment		1,802.3		1,570.6
Corporate		202.3		190.9
	$	4,972.9	$	4,880.5

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Acquisitions and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Acquisitions and Significant Accounting Policies
Goodwill	Goodwill During the first nine months of 2015, we increased land segment goodwill by $1.0 million as a result of a reduction in identifiable intangible assets and an increase in property and equipment and reduced aviation segment goodwill by $3.8 million as a result of an increase in identifiable intangible assets, accrued expenses and other current liabilities, non-current income tax liabilities, net and a reduction in purchase price based on our ongoing fair value assessment of certain of our 2014 acquisitions. Additionally, we had goodwill decreases of $3.6 million, $1.9 million and $1.7 million as a result of foreign currency translation adjustments of our non-U.S. dollar functional currency subsidiaries in our land, aviation and marine segments, respectively.
Recent Accounting Pronouncements	During the first nine months of 2015, we increased land segment goodwill by $1.0 million as a result of a reduction in identifiable intangible assets and an increase in property and equipment and reduced aviation segment goodwill by $3.8 million as a result of an increase in identifiable intangible assets, accrued expenses and other current liabilities, non-current income tax liabilities, net and a reduction in purchase price based on our ongoing fair value assessment of certain of our 2014 acquisitions. Additionally, we had goodwill decreases of $3.6 million, $1.9 million and $1.7 million as a result of foreign currency translation adjustments of our non-U.S. dollar functional currency subsidiaries in our land, aviation and marine segments, respectively. Recent Accounting Pronouncements Business Combinations: Simplifying the Accounting for Measurement – Period Adjustments. In September 2015, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”), to simplify the accounting for adjustments made to provisional amounts recognized in a business combination; the amendments eliminate the requirement to retrospectively account for those adjustments. The ASU will require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. It also requires that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. This update is effective at the beginning of our 2016 fiscal year. We are currently evaluating whether the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Inventory: Simplifying the Measurement of Inventory. In July 2015, the FASB issued an ASU which simplifies the guidance on the subsequent measurement of inventory by requiring inventory within the scope of this update to be measured at the lower of cost or net realizable value rather than the lower of cost or market. This update is effective at the beginning of our 2017 fiscal year. We are currently evaluating whether the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Interest—Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs. In April 2015, the FASB issued an ASU which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. This update is effective at the beginning of our 2016 fiscal year. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Consolidation: Amendments to the Consolidation Analysis. In February 2015, the FASB issued an ASU which is intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures. This update is effective at the beginning of our 2016 fiscal year. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Income Statement-Extraordinary and Unusual Items: Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. In January 2015, the FASB issued an ASU which eliminates from generally accepted accounting principles in the United States the concept of extraordinary items. This update is effective at the beginning of our 2016 fiscal year. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Derivatives and Hedging: Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity. In November 2014, the FASB issued an ASU which clarifies how current generally accepted accounting principles in the United States should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. This update is effective at the beginning of our 2016 fiscal year. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Presentation of Financial Statements-Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. In August 2014, the FASB issued an ASU which requires management of the Company to evaluate whether there is substantial doubt about the Company’s ability to continue as a going concern. This update is effective at the beginning of our 2017 fiscal year. We do not believe the adoption of this new guidance will have an impact on our financial statement disclosures. Compensation-Stock Compensation. Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. In June 2014, the FASB issued an ASU which includes guidance that requires a performance target that affects vesting and that could be achieved after the requisite service period to be treated as a performance condition. This update is effective at the beginning of our 2016 fiscal year. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Transfers and Servicing: Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. In June 2014, the FASB issued an ASU which changes the accounting for repurchase-to-maturity transactions and repurchase financing arrangements. It also requires additional disclosures about repurchase agreements and other similar transactions. This update became effective at the beginning of our 2015 fiscal year. The adoption of this ASU did not have a significant impact on our consolidated financial statements and disclosures. Revenue from Contracts with Customers. In May 2014, the FASB issued an ASU which provides guidance for revenue recognition for any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets. The ASU will replace most existing revenue recognition guidance in generally accepted accounting principles in the United States when it becomes effective. This update is effective at the beginning of our 2018 fiscal year. We are currently evaluating whether the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Presentation of Financial Statements and Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. In April 2014, the FASB issued an ASU which changes the criteria for reporting discontinued operations and enhances disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance. This update became effective at the beginning of our 2015 fiscal year. The adoption of this ASU did not have a significant impact on our consolidated financial statements and disclosures.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period’s presentation.

Acquisitions and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2015

Acquisitions

Reconciliation of the estimated aggregate purchase price for the acquisitions to the cash paid for the acquisitions, net of cash acquired


Estimated purchase price	$	80.1
Less: Cash acquired		1.2
Estimated purchase price, net of cash acquired		78.9
Less: Amounts due to sellers		0.9
Cash paid for acquisition of businesses	$	78.0

Schedule of estimated purchase price allocation for the acquisition


Assets acquired:
Cash and cash equivalents	$	1.2
Accounts receivable		5.8
Inventories		7.4
Property and equipment		39.7
Identifiable intangible assets		16.6
Goodwill		25.4
Other current and long-term assets		5.1
Liabilities assumed:
Short-term debt		(0.5)
Accounts payable		(9.9)
Accrued expenses and other current liabilities		(3.9)
Non-current income tax liabilities and other long term liabilities		(6.8)
Estimated purchase price	$	80.1

2015 & 2014 Acquisitions

Acquisitions

Schedule of unaudited pro forma results


		For the Three Months ended				For the Nine Months ended
		September 30,				September 30,
		2015		2014		2015		2014
		(pro forma)		(pro forma)		(pro forma)		(pro forma)

Revenue	$	7,948.7	$	11,977.6	$	24,071.1	$	34,914.2

Net income attributable to World Fuel	$	52.0	$	60.0	$	139.9	$	164.7

Earnings per common share:
Basic	$	0.74	$	0.85	$	1.98	$	2.33
Diluted	$	0.74	$	0.84	$	1.97	$	2.31

2014 Acquisitions

Acquisitions

Schedule of unaudited pro forma results


	For the Three Months ended			For the Nine Months ended
	September 30, 2014			September 30, 2014
			(pro forma)			(pro forma)

Revenue		$	11,748.5		$	34,289.2

Net income attributable to World Fuel		$	56.4		$	158.8

Earnings per common share:
Basic		$	0.80		$	2.24
Diluted		$	0.79		$	2.23

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Measurements

Schedule of assets and liabilities measured at estimated fair value on a recurring basis



									Netting
									and
	Level 1		Level 2		Level 3		Sub-Total		Collateral		Total
As of September 30, 2015
Assets:
Commodity contracts	$	194.0	$	249.1	$	1.3	$	444.4	$	(255.1)	$	189.3
Foreign currency contracts		—		10.7		—		10.7		(6.0)		4.7
Inventories		—		1.8		—		1.8		—		1.8
Cash surrender value of life insurance		—		2.3		—		2.3		—		2.3
Total	$	194.0	$	263.9	$	1.3	$	459.2	$	(261.1)	$	198.1
Liabilities:
Commodity contracts	$	311.2	$	127.0	$	0.1	$	438.3	$	(389.9)	$	48.4
Foreign currency contracts				6.8		—		6.8		(6.0)		0.8
Total	$	311.2	$	133.8	$	0.1	$	445.1	$	(395.9)	$	49.2

As of December 31, 2014
Assets:
Commodity contracts	$	173.7	$	495.6	$	4.2	$	673.5	$	(368.0)	$	305.5
Foreign currency contracts		—		21.8		—		21.8		(12.0)		9.8
Cash surrender value of life insurance		—		2.2		—		2.2		—		2.2
Total	$	173.7	$	519.6	$	4.2	$	697.5	$	(380.0)	$	317.5
Liabilities:
Commodity contracts	$	306.4	$	329.9	$	1.3	$	637.6	$	(595.6)	$	42.0
Foreign currency contracts		—		12.0		—		12.0		(12.0)		—
Inventories		—		22.9		—		22.9		—		22.9
Total	$	306.4	$	364.8	$	1.3	$	672.5	$	(607.6)	$	64.9

Schedule of derivative instruments at fair value and their locations on the balance sheets


	As of
	September 30, 2015		December 31, 2014
Commodity Contracts
Assets:
Short-term derivative assets, net	$	175.3	$	294.3
Identifiable intangible and other non-current assets		14.0		11.2
Total net assets	$	189.3	$	305.5

Liabilities:
Accrued expenses and other current liabilities	$	43.1	$	41.3
Other long-term liabilities		5.3		0.7
Total net liabilities	$	48.4	$	42.0

Foreign Currency Contracts
Assets:
Short-term derivative assets, net	$	4.2	$	9.3
Identifiable intangible and other non-current assets		0.5		0.5
Total net assets	$	4.7	$	9.8

Liabilities:
Accrued expenses and other current liabilities	$	0.8	$	—
Total net liabilities	$	0.8	$	—

Schedule of assets and liabilities that are measured at fair value on a recurring basis that utilized Level 3 inputs


	Beginning of Period		Realized and Unrealized Gains (Losses) Included in Earnings		Settlements			Transfers into Level 3	End of Period		Change in Unrealized Gains (Losses) Relating to Assets and Liabilities that are Held at end of Period		Location of Realized and Unrealized Gains (Losses)Included in Earnings
Three months ended September 30, 2015
Assets:
Commodity contracts	$	0.5	$	(0.1)	$	0.1	$	1.0	$	1.3	$	1.0	Revenue
Liabilities:
Commodity contracts	$	0.4	$	0.4	$	—	$	(0.1)	$	0.1	$	0.5	Cost of revenue
Three months ended September 30, 2014
Assets:
Commodity contracts	$	5.8	$	4.1	$	6.6	$	—	$	3.3	$	2.0	Revenue
Liabilities:
Commodity contracts	$	—	$	(0.1)	$	—	$	—	$	0.1	$	(0.1)	Revenue
Nine months ended September 30, 2015
Assets:
Commodity contracts	$	4.2	$	0.7	$	4.6	$	1.0	$	1.3	$	1.4	Revenue
Liabilities:
Commodity contracts	$	1.3	$	0.8	$	0.5	$	(0.1)	$	0.1	$	0.9	Cost of revenue
Nine months ended September 30, 2014
Assets:
Commodity contracts	$	—	$	9.9	$	6.6	$	—	$	3.3	$	3.3	Revenue
Liabilities:
Commodity contracts	$	—	$	(0.1)	$	—	$	—	$	0.1	$	(0.1)	Revenue

Derivatives (Tables)

9 Months Ended

Sep. 30, 2015

Derivatives

Schedule of fair value positions of derivative instruments


							Weighted
							Average
					Weighted		Mark-to-
	Settlement				Average		Market		Fair Value
Hedge Strategy	Period	Derivative Instrument	Notional	Unit	Fixed Price		Amount		Amount

Fair Value Hedge	2015	Commodity contracts for inventory hedging	5.8	BBL	$	42.959	$	(0.224)	$	(1.3)
	2016	Commodity contracts for inventory hedging	0.1	BBL		66.989		18.000		1.8
									$	0.5

Cash Flow Hedge	2015	Commodity contracts for inventory hedging	—	BBL		64.730		—		0.5
	2016	Commodity contracts for inventory hedging	1.5	BBL		66.772		(1.400)		(2.1)
										(1.6)

Non-Designated	2015	Commodity contracts (long)	21.3	BBL	$	51.090	$	(13.649)	$	(291.3)
	2015	Commodity contracts (short)	21.1	BBL		58.480		14.600		308.3
	2016	Commodity contracts (long)	23.2	BBL		62.660		(22.101)		(513.6)
	2016	Commodity contracts (short)	21.6	BBL		69.870		23.284		502.8
	2017	Commodity contracts (long)	0.9	BBL		26.260		(2.065)		(1.9)
	2017	Commodity contracts (short)	1.0	BBL		20.160		2.129		2.1
	2018	Commodity contracts (long)	0.1	BBL		17.500		(1.572)		(0.1)
	2018	Commodity contracts (short)	0.1	BBL		26.810		4.505		0.5
	2020	Commodity contracts (short)	0.1	BBL		18.840		3.895		0.4
	2015	Foreign currency contracts	8.9	AUD		0.732		0.034		0.3
	2015	Foreign currency contracts	81.3	CAD		1.307		0.009		0.7
	2015	Foreign currency contracts	2,841.4	CLP		677.060		0.000		0.2
	2015	Foreign currency contracts	52.5	EUR		1.118		(0.006)		(0.3)
	2015	Foreign currency contracts	116.3	GBP		1.552		0.008		0.9
	2015	Foreign currency contracts	2,126.1	MXN		16.478		(0.000)		(0.3)
	2015	Foreign currency contracts	43.8	NOK		8.219		0.002		0.1
	2015	Foreign currency contracts	41.0	RON		3.999		(0.002)		(0.1)
	2015	Foreign currency contracts	37.4	SGD		1.392		0.011		0.4
	2015	Foreign currency contracts	59.1	ZAR		13.019		0.007		0.4
	2016	Foreign currency contracts	40.0	GBP		1.553		0.035		1.4
	2017	Foreign currency contracts	4.8	GBP		1.569		0.042		0.2
									$	11.1

Schedule of derivative instruments measured at fair value and their locations on the consolidated balance sheets


		As of
	Balance Sheet Location	September 30, 2015		December 31, 2014
Derivative assets:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	20.1	$	18.8
Commodity contracts	Accrued expenses and other current liabilities		1.0		4.7
			21.1		23.5
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net		237.9		399.0
Commodity contracts	Identifiable intangible and other non-current assets		16.3		12.1
Commodity contracts	Accrued expenses and other current liabilities		157.8		234.1
Commodity contracts	Other long-term liabilities		11.3		4.8
Foreign currency contracts	Short-term derivative assets, net		9.6		21.3
Foreign currency contracts	Identifiable intangible and other non-current assets		0.5		0.5
Foreign currency contracts	Accrued expenses and other current liabilities		0.6		—
			434.0		671.8
		$	455.1	$	695.3

Derivative liabilities:
Derivatives designated as hedging instruments
Commodity contracts	Other current assets	$	21.4	$	1.0
Commodity contracts	Accrued expenses and other current liabilities		0.8		0.7
			22.2		1.7
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net		41.4		76.0
Commodity contracts	Identifiable intangible and other non-current assets		2.3		0.6
Commodity contracts	Accrued expenses and other current liabilities		346.9		530.0
Commodity contracts	Other long-term liabilities		25.5		29.3
Foreign currency contracts	Short-term derivative assets, net		5.4		12.0
Foreign currency contracts	Accrued expenses and other current liabilities		1.4		—
			422.9		647.9
		$	445.1	$	649.6

Impact of derivatives designated as fair value hedges on the consolidated statements of income and comprehensive income


		Realized and Unrealized						Realized and Unrealized
Derivative Instruments	Location	Gain				Hedged Items	Location	(Loss)
		2015		2014				2015		2014

Three months ended September 30,
Commodity contracts	Cost of revenue	$	52.8	$	36.3	Inventories	Cost of revenue	$	(48.5)	$	(36.2)
Nine months ended September 30,
Commodity contracts	Cost of revenue	$	36.7	$	34.6	Inventories	Cost of revenue	$	(29.2)	$	(44.9)

Impact of derivatives designated as hedges on the accumulated other comprehensive income and consolidated statements of income and comprehensive income



		Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)			Location of Realized Gain (Loss)		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)				Amount of Gain (Loss) Recognized in Income (Ineffective Portion)
Derivative Instruments		2015	2014		(Effective Portion)		2015		2014		2015		2014
Three months ended September 30,
Commodity Contracts	$	0.3	$	—	Revenue	$	—		—	$	(1.2)	$	—
Commodity Contracts		(1.4)		—	Cost of revenue		—		—		0.9		—
Total	$	(1.1)	$	—		$	—	$	—	$	(0.3)	$	—

Nine months ended September 30,
Commodity Contracts		0.3		—	Revenue		—		—	$	(1.2)	$	—
Commodity Contracts		(1.4)		—	Cost of revenue		—		—		0.9		—
Total	$	(1.1)	$	—		$	—	$	—	$	(0.3)	$	—

Impact of derivatives not designated as hedges on the consolidated statements of income and comprehensive income


		Realized and Unrealized
Derivatives	Location	Gain (Loss)
		2015		2014

Three months ended September 30,
Commodity contracts	Revenue	$	43.2	$	19.8
Commodity contracts	Cost of revenue		(39.9)		0.7
Foreign currency contracts	Revenue		3.4		2.9
Foreign currency contracts	Other income, net		1.9		8.9
		$	8.6	$	32.3

Nine months ended September 30,
Commodity contracts	Revenue	$	89.2	$	43.9
Commodity contracts	Cost of revenue		(68.0)		9.8
Foreign currency contracts	Revenue		2.1		1.6
Foreign currency contracts	Other income, net		6.9		5.5
		$	30.2	$	60.8

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Debt (Tables)

9 Months Ended

Sep. 30, 2015

Debt

Schedule of debt


	As of
	September 30,		December 31,
	2015		2014
Credit Facility	$	525.0	$	420.0
Term Loans		336.2		241.3
Capital Leases		13.6		11.4
Other		9.6		17.2
Total debt		884.4		689.9
Short-term debt		23.2		17.9
Long-term debt	$	861.2	$	672.0

Assets and Liabilities Held for Sale (Tables)

9 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups

Schedule of major classes of assets and liabilities held for sale included in the Consolidated Balance Sheets


	As of
	September 30, 2015

Current assets held for sale:
Accounts receivable	$	0.1
Inventories		4.3
Total current assets held for sale	$	4.4

Non-current assets held for sale:
Identifiable intangible assets	$	2.5
Property and equipment		28.0
Goodwill		3.5
Total non-current assets held for sale	$	34.0

Current liabilities held for sale:
Accrued expenses and other current liabilities	$	2.2
Total current liabilities held for sale	$	2.2

Non-current liabilities held for sale:
Non-current income tax liabilities	$	3.5
Total non-current liabilities held for sale	$	3.5

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759

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+ Details

Interest Income, Expense and Other Financing Costs (Tables)

9 Months Ended

Sep. 30, 2015

Interest Income, Expense and Other Financing Costs

Schedule of interest expense and other financing costs, net


	For the Three Months ended				For the Nine Months ended
	September 30,				September 30,
	2015		2014		2015		2014
Interest income	$	1.3	$	1.3	$	4.0	$	4.5
Interest expense and other financing costs		(9.2)		(10.1)		(25.5)		(22.3)
	$	(7.9)	$	(8.8)	$	(21.5)	$	(17.8)

Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2015

Shareholders' Equity

Schedule of components of other comprehensive income and accumulated other comprehensive loss


	Foreign					Accumulated
	Currency		Cash			Other
	Translation Adjustments		Flow Hedges			Comprehensive Loss
Balance as of December 31, 2014	$	(60.2)		$	—		$	(60.2)
Other comprehensive loss		(42.8)			(1.1)			(43.9)
Less: Net other comprehensive income attributable to noncontrolling interest		4.6			—			4.6
Balance as of September 30, 2015	$	(107.6)		$	(1.1)		$	(108.7)

Balance as of December 31, 2013	$	(29.3)		$	—		$	(29.3)
Other comprehensive loss		(8.4)			—			(8.4)
Balance as of September 30, 2014	$	(37.7)		$	—		$	(37.7)

Income Taxes (Tables)

9 Months Ended

Sep. 30, 2015

Income Taxes

Schedule of Income tax provision and the respective effective income tax rates


	For the Three Months ended						For the Nine Months ended
	September 30,						September 30,
	2015			2014			2015			2014
Income tax provision	$	11.8		$	13.4		$	26.8		$	35.0

Effective income tax rate		19.5	%		19.8	%		16.9	%		18.8	%

Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings per Common Share

Computation of basic and diluted earnings per common share


	For the Three Months ended				For the Nine Months ended
	September 30,				September 30,
	2015		2014		2015		2014
Numerator:
Net income attributable to World Fuel	$	49.6	$	55.7	$	135.1	$	154.6

Denominator:
Weighted average common shares for basic earnings per common share		70.0		70.8		70.5		70.8
Effect of dilutive securities		0.3		0.5		0.5		0.5
Weighted average common shares for diluted earnings per common share		70.3		71.3		71.0		71.3

Weighted average securities which are not included in the calculation of diluted earnings per common share because their impact is anti-dilutive or their performance conditions have not been met		1.5		0.8		1.0		0.8

Basic earnings per common share	$	0.71	$	0.79	$	1.92	$	2.18

Diluted earnings per common share	$	0.71	$	0.78	$	1.90	$	2.17

Business Segments (Tables)

9 Months Ended

Sep. 30, 2015

Business Segments

Schedule of revenue, gross profit and income from operations by segment


	For the Three Months ended				For the Nine Months ended
	September 30,				September 30,
Revenue:	2015		2014		2015		2014
Aviation segment	$	2,995.3	$	4,675.6	$	9,077.6	$	13,361.8
Marine segment		2,388.1		3,725.6		7,514.3		10,738.6
Land segment		2,427.3		3,312.3		7,055.9		9,506.4
	$	7,810.7	$	11,713.5	$	23,647.8	$	33,606.8

Gross profit:
Aviation segment	$	106.8	$	96.2	$	274.8	$	246.9
Marine segment		48.6		49.4		144.3		146.1
Land segment		71.3		69.0		213.5		201.1
	$	226.7	$	214.6	$	632.6	$	594.1

Income from operations:
Aviation segment	$	47.0	$	47.3	$	100.8	$	114.5
Marine segment		17.5		20.9		57.3		62.9
Land segment		19.1		19.1		67.3		60.0
		83.6		87.3		225.4		237.4
Corporate overhead - unallocated		17.2		13.2		46.1		39.2
	$	66.4	$	74.1	$	179.3	$	198.2

Schedule of accounts receivable, net and total assets by segment


	As of
	September 30,		December 31,
	2015		2014
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $6.8 and $7.9 as of September 30, 2015 and December 31, 2014, respectively	$	574.2	$	685.0
Marine segment, net of allowance for bad debt of $9.9 and $8.4 as of September 30, 2015 and December 31, 2014, respectively		748.4		974.0
Land segment, net of allowance for bad debt of $8.1 and $9.4 as of September 30, 2015 and December 31, 2014, respectively		716.5		647.4
	$	2,039.1	$	2,306.4


Total assets:
Aviation segment	$	1,606.9	$	1,635.9
Marine segment		1,361.4		1,483.1
Land segment		1,802.3		1,570.6
Corporate		202.3		190.9
	$	4,972.9	$	4,880.5

Acquisitions and Significant Accounting Policies (Details) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2015 USD ($)	Sep. 30, 2015 USD ($) $ / shares	Sep. 30, 2014 USD ($) $ / shares	Sep. 30, 2015 USD ($) $ / shares	Sep. 30, 2014 USD ($) $ / shares	Sep. 01, 2015 USD ($)	Dec. 31, 2014 USD ($)	Jul. 29, 2014 location
Assets acquired:
Goodwill	$ 667.9	$ 667.9		$ 667.9			$ 653.3
2015 Acquisitions
Estimated purchase price of acquisition
Estimated purchase price	80.1
Less: Cash acquired	1.2
Estimated purchase price, net of cash acquired	78.9
Less: Amounts due to sellers	0.9
Cash paid for acquisition of businesses	78.0
Assets acquired:
Cash and cash equivalents	1.2	1.2		1.2
Accounts receivable	5.8	5.8		5.8
Inventories	7.4	7.4		7.4
Property and equipment	39.7	39.7		39.7
Identifiable intangible assets	16.6	16.6		16.6
Goodwill	25.4	25.4		25.4
Other current and long-term assets	5.1	5.1		5.1
Liabilities assumed:
Short-term debt	(0.5)	(0.5)		(0.5)
Accounts payable	(9.9)	(9.9)		(9.9)
Accrued expenses and other current liabilities	(3.9)	(3.9)		(3.9)
Other long-term liabilities	(6.8)	(6.8)		(6.8)
Estimated purchase price	80.1	80.1		80.1
Goodwill anticipated to be deductible for tax purposes						$ 2.7
2015 Acquisitions \| Trademark/Trade name rights
Assets acquired:
Identifiable intangible assets	0.9	0.9		0.9
2015 Acquisitions \| Customer relationships
Assets acquired:
Identifiable intangible assets	$ 11.3	11.3		11.3
Liabilities assumed:
Weighted average amortizable lives of identifiable intangible assets	10 years
2015 Acquisitions \| Other
Assets acquired:
Identifiable intangible assets	$ 4.4	4.4		4.4
Liabilities assumed:
Weighted average amortizable lives of identifiable intangible assets	9 years 4 months 24 days
2014 Acquisitions
Pro forma results
Revenue			$ 11,748.5		$ 34,289.2
Net income attributable to World Fuel			$ 56.4		$ 158.8
Earnings per common share:
Basic (in dollars per share) \| $ / shares			$ 0.80		$ 2.24
Diluted (in dollars per share) \| $ / shares			$ 0.79		$ 2.23
Goodwill
Increase (decrease) in goodwill				3.8
2014 Acquisitions \| Land Segment
Goodwill
Increase (decrease) in goodwill				1.0
Increase (decrease) in goodwill due to foreign currency translation adjustments				3.6
2014 Acquisitions \| Aviation Segment
Goodwill
Increase (decrease) in goodwill due to foreign currency translation adjustments				1.9
2014 Acquisitions \| Marine segment
Goodwill
Increase (decrease) in goodwill due to foreign currency translation adjustments				1.7
Colt
Acquisitions
Number of locations \| location								3,000
2015 & 2014 Acquisitions
Pro forma results
Revenue		7,948.7	$ 11,977.6	24,071.1	$ 34,914.2
Net income attributable to World Fuel		$ 52.0	$ 60.0	$ 139.9	$ 164.7
Earnings per common share:
Basic (in dollars per share) \| $ / shares		$ 0.74	$ 0.85	$ 1.98	$ 2.33
Diluted (in dollars per share) \| $ / shares		$ 0.74	$ 0.84	$ 1.97	$ 2.31

Fair Value Measurements (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Assets and liabilities measured at estimated fair value on a recurring basis
Derivative asset	$ 455.1	$ 695.3
Total, inventories asset	1.8
Derivative liability	445.1	649.6
Total, inventories liability		22.9
Debt	884.4	689.9
Level 1
Assets and liabilities measured at estimated fair value on a recurring basis
Subtotal Assets	194.0	173.7
Subtotal Liabilities	311.2	306.4
Level 2
Assets and liabilities measured at estimated fair value on a recurring basis
Inventories asset	1.8
Subtotal Assets	263.9	519.6
Inventories liability		22.9
Subtotal Liabilities	133.8	364.8
Assets and liabilities measured at estimated fair value on a nonrecurring basis
Fair value of inventory disposal group	4.3
Level 3
Assets and liabilities measured at estimated fair value on a recurring basis
Subtotal Assets	1.3	4.2
Subtotal Liabilities	0.1	1.3
Assets and liabilities measured at estimated fair value on a nonrecurring basis
Fair value of asset disposal group, excluding inventory	34.1
Fair value of liability disposal group	5.7
Cash surrender value of life insurance \| Level 2
Assets and liabilities measured at estimated fair value on a recurring basis
Investments	2.3	2.2
Fair value measured on recurring basis
Assets and liabilities measured at estimated fair value on a recurring basis
Inventories asset	1.8
Subtotal Assets	459.2	697.5
Netting and collateral, asset	(261.1)	(380.0)
Total Assets	198.1	317.5
Inventories liability		22.9
Subtotal Liabilities	445.1	672.5
Netting and collateral, liability	(395.9)	(607.6)
Total Liabilities	49.2	64.9
Fair value measured on recurring basis \| Level 3
Assets and liabilities measured at estimated fair value on a recurring basis
Debt	884.4	689.9
Notes receivable	6.4	7.0
Fair value measured on recurring basis \| Cash surrender value of life insurance
Assets and liabilities measured at estimated fair value on a recurring basis
Investments	2.3	2.2
Commodity contracts
Assets and liabilities measured at estimated fair value on a recurring basis
Total, derivative asset	189.3	305.5
Total, derivative liability	48.4	42.0
Commodity contracts \| Level 1
Assets and liabilities measured at estimated fair value on a recurring basis
Derivative asset	194.0	173.7
Derivative liability	311.2	306.4
Commodity contracts \| Level 2
Assets and liabilities measured at estimated fair value on a recurring basis
Derivative asset	249.1	495.6
Derivative liability	127.0	329.9
Commodity contracts \| Level 3
Assets and liabilities measured at estimated fair value on a recurring basis
Derivative asset	1.3	4.2
Derivative liability	0.1	1.3
Commodity contracts \| Fair value measured on recurring basis
Assets and liabilities measured at estimated fair value on a recurring basis
Derivative asset	444.4	673.5
Netting and collateral, derivative asset	(255.1)	(368.0)
Total, derivative asset	189.3	305.5
Derivative liability	438.3	637.6
Netting and collateral, derivative liability	(389.9)	(595.6)
Total, derivative liability	48.4	42.0
Foreign currency contracts
Assets and liabilities measured at estimated fair value on a recurring basis
Total, derivative asset	4.7	9.8
Total, derivative liability	0.8
Foreign currency contracts \| Level 2
Assets and liabilities measured at estimated fair value on a recurring basis
Derivative asset	10.7	21.8
Derivative liability	6.8	12.0
Foreign currency contracts \| Fair value measured on recurring basis
Assets and liabilities measured at estimated fair value on a recurring basis
Derivative asset	10.7	21.8
Netting and collateral, derivative asset	(6.0)	(12.0)
Total, derivative asset	4.7	9.8
Derivative liability	6.8	12.0
Netting and collateral, derivative liability	(6.0)	$ (12.0)
Total, derivative liability	$ 0.8

Fair Value Measurements (Details 2) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Fair value measurement, additional disclosure
Cash collateral deposits held by financial counterparties	$ 208.1	$ 301.0
Cash collateral deposits held by financial counterparties, offset against liabilities	154.8	274.3
Cash collateral deposits held by financial counterparties, not offset	53.3	26.7
Cash collateral received from customers	20.0	46.7
Commodity contracts
Derivative instruments, at their respective fair value positions
Total net assets	189.3	305.5
Total net liabilities	48.4	42.0
Commodity contracts \| Short-term derivative assets, net
Derivative instruments, at their respective fair value positions
Total net assets	175.3	294.3
Commodity contracts \| Identifiable intangible and other non-current assets
Derivative instruments, at their respective fair value positions
Total net assets	14.0	11.2
Commodity contracts \| Accrued expenses and other current liabilities
Derivative instruments, at their respective fair value positions
Total net liabilities	43.1	41.3
Commodity contracts \| Other long-term liabilities
Derivative instruments, at their respective fair value positions
Total net liabilities	5.3	0.7
Foreign currency contracts
Derivative instruments, at their respective fair value positions
Total net assets	4.7	9.8
Total net liabilities	0.8
Foreign currency contracts \| Short-term derivative assets, net
Derivative instruments, at their respective fair value positions
Total net assets	4.2	9.3
Foreign currency contracts \| Identifiable intangible and other non-current assets
Derivative instruments, at their respective fair value positions
Total net assets	0.5	$ 0.5
Foreign currency contracts \| Accrued expenses and other current liabilities
Derivative instruments, at their respective fair value positions
Total net liabilities	$ 0.8

Fair Value Measurements (Details 3) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Fair Value Measurements (Details 3) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Transfer of assets from Level 1 to Level 2	$ 0.0		$ 0.0
Transfer of assets from Level 2 to Level 1	0.0		0.0
Transfer of liabilities from Level 1 to Level 2	0.0		0.0
Transfer of liabilities from Level 2 to Level 1	0.0		0.0
Commodity contracts \| Revenue
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Beginning of Period	0.5	$ 5.8	4.2
Total Gains (Losses) Included in Earnings	(0.1)	4.1	0.7	$ 9.9
Total Gains (Losses) Included in Earnings		(0.1)		(0.1)
Settlements	0.1	6.6	4.6	6.6
Transfers into Level 3	1.0		1.0
End of Period	1.3	3.3	1.3	3.3
End of Period		0.1		0.1
Change in Unrealized Gains Relating to Assets (Liabilities) that are Held at end of Period	1.0	$ 2.0	1.4	$ 3.3
Commodity contracts \| Cost of revenue.
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Beginning of Period	0.4		1.3
Total Gains (Losses) Included in Earnings	0.4		0.8
Settlements			0.5
Transfers into Level 3	(0.1)		(0.1)
End of Period	0.1		0.1
Change in Unrealized Gains Relating to Assets (Liabilities) that are Held at end of Period	$ 0.5		$ 0.9

Derivatives (Details) - 9 months ended Sep. 30, 2015 € in Millions, £ in Millions, kr in Millions, bbl in Millions, R in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, in Millions	ZAR (R) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $ bbl	SGD ($) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $	RON ( ) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $	NOK (kr) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $	MXN ($) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $	GBP (£) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $	EUR (€) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $	CLP ($) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $	CAD ($) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $	AUD ($) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $	USD ($) $ / bbl $ / R $ / $ $ / $ / kr $ / $ $ / £ $ / € $ / $ $ / $ $ / $
Derivatives designated as hedging instruments \| Cash flow hedges.
Derivative instruments, at their respective fair value positions
Fair Value Amount											$ (1.6)
Derivatives designated as hedging instruments \| Cash flow hedges. \| Commodity contracts \| 2015
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price \| $ / bbl	64.730	64.730	64.730	64.730	64.730	64.730	64.730	64.730	64.730	64.730	64.730
Fair Value Amount											$ 0.5
Derivatives designated as hedging instruments \| Cash flow hedges. \| Commodity contracts \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	1.5
Weighted Average Fixed Price \| $ / bbl	66.772	66.772	66.772	66.772	66.772	66.772	66.772	66.772	66.772	66.772	66.772
Weighted Average Mark-to-Market \| $ / bbl	(1.400)	(1.400)	(1.400)	(1.400)	(1.400)	(1.400)	(1.400)	(1.400)	(1.400)	(1.400)	(1.400)
Fair Value Amount											$ (2.1)
Derivatives designated as hedging instruments \| Fair value hedges
Derivative instruments, at their respective fair value positions
Fair Value Amount											$ 0.5
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts \| 2015
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	5.8
Weighted Average Fixed Price \| $ / bbl	42.959	42.959	42.959	42.959	42.959	42.959	42.959	42.959	42.959	42.959	42.959
Weighted Average Mark-to-Market \| $ / bbl	(0.224)	(0.224)	(0.224)	(0.224)	(0.224)	(0.224)	(0.224)	(0.224)	(0.224)	(0.224)	(0.224)
Fair Value Amount											$ (1.3)
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	0.1
Weighted Average Fixed Price \| $ / bbl	66.989	66.989	66.989	66.989	66.989	66.989	66.989	66.989	66.989	66.989	66.989
Weighted Average Mark-to-Market \| $ / bbl	18.000	18.000	18.000	18.000	18.000	18.000	18.000	18.000	18.000	18.000	18.000
Fair Value Amount											$ 1.8
Derivatives not designated as hedging instruments
Derivative instruments, at their respective fair value positions
Fair Value Amount											$ 11.1
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2015
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	21.3
Weighted Average Fixed Price \| $ / bbl	51.090	51.090	51.090	51.090	51.090	51.090	51.090	51.090	51.090	51.090	51.090
Weighted Average Mark-to-Market \| $ / bbl	(13.649)	(13.649)	(13.649)	(13.649)	(13.649)	(13.649)	(13.649)	(13.649)	(13.649)	(13.649)	(13.649)
Fair Value Amount											$ (291.3)
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	23.2
Weighted Average Fixed Price \| $ / bbl	62.660	62.660	62.660	62.660	62.660	62.660	62.660	62.660	62.660	62.660	62.660
Weighted Average Mark-to-Market \| $ / bbl	(22.101)	(22.101)	(22.101)	(22.101)	(22.101)	(22.101)	(22.101)	(22.101)	(22.101)	(22.101)	(22.101)
Fair Value Amount											$ (513.6)
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2017
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	0.9
Weighted Average Fixed Price \| $ / bbl	26.260	26.260	26.260	26.260	26.260	26.260	26.260	26.260	26.260	26.260	26.260
Weighted Average Mark-to-Market \| $ / bbl	(2.065)	(2.065)	(2.065)	(2.065)	(2.065)	(2.065)	(2.065)	(2.065)	(2.065)	(2.065)	(2.065)
Fair Value Amount											$ (1.9)
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2018
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	0.1
Weighted Average Fixed Price \| $ / bbl	17.500	17.500	17.500	17.500	17.500	17.500	17.500	17.500	17.500	17.500	17.500
Weighted Average Mark-to-Market \| $ / bbl	(1.572)	(1.572)	(1.572)	(1.572)	(1.572)	(1.572)	(1.572)	(1.572)	(1.572)	(1.572)	(1.572)
Fair Value Amount											$ (0.1)
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2015
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	21.1
Weighted Average Fixed Price \| $ / bbl	58.480	58.480	58.480	58.480	58.480	58.480	58.480	58.480	58.480	58.480	58.480
Weighted Average Mark-to-Market \| $ / bbl	14.600	14.600	14.600	14.600	14.600	14.600	14.600	14.600	14.600	14.600	14.600
Fair Value Amount											$ 308.3
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	21.6
Weighted Average Fixed Price \| $ / bbl	69.870	69.870	69.870	69.870	69.870	69.870	69.870	69.870	69.870	69.870	69.870
Weighted Average Mark-to-Market \| $ / bbl	23.284	23.284	23.284	23.284	23.284	23.284	23.284	23.284	23.284	23.284	23.284
Fair Value Amount											$ 502.8
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2017
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	1.0
Weighted Average Fixed Price \| $ / bbl	20.160	20.160	20.160	20.160	20.160	20.160	20.160	20.160	20.160	20.160	20.160
Weighted Average Mark-to-Market \| $ / bbl	2.129	2.129	2.129	2.129	2.129	2.129	2.129	2.129	2.129	2.129	2.129
Fair Value Amount											$ 2.1
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2018
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	0.1
Weighted Average Fixed Price \| $ / bbl	26.810	26.810	26.810	26.810	26.810	26.810	26.810	26.810	26.810	26.810	26.810
Weighted Average Mark-to-Market \| $ / bbl	4.505	4.505	4.505	4.505	4.505	4.505	4.505	4.505	4.505	4.505	4.505
Fair Value Amount											$ 0.5
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2020
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	0.1
Weighted Average Fixed Price \| $ / bbl	18.840	18.840	18.840	18.840	18.840	18.840	18.840	18.840	18.840	18.840	18.840
Weighted Average Mark-to-Market \| $ / bbl	3.895	3.895	3.895	3.895	3.895	3.895	3.895	3.895	3.895	3.895	3.895
Fair Value Amount											$ 0.4
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2015 \| AUD \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts										$ 8.9
Weighted Average Fixed Price \| $ / $	0.732	0.732	0.732	0.732	0.732	0.732	0.732	0.732	0.732	0.732	0.732
Weighted Average Mark-to-Market \| $ / $	0.034	0.034	0.034	0.034	0.034	0.034	0.034	0.034	0.034	0.034	0.034
Fair Value Amount											$ 0.3
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2015 \| CAD \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts									$ 81.3
Weighted Average Fixed Price \| $ / $	1.307	1.307	1.307	1.307	1.307	1.307	1.307	1.307	1.307	1.307	1.307
Weighted Average Mark-to-Market \| $ / $	0.009	0.009	0.009	0.009	0.009	0.009	0.009	0.009	0.009	0.009	0.009
Fair Value Amount											$ 0.7
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2015 \| CLP \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts								$ 2,841.4
Weighted Average Fixed Price \| $ / $	677.060	677.060	677.060	677.060	677.060	677.060	677.060	677.060	677.060	677.060	677.060
Weighted Average Mark-to-Market \| $ / $	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Fair Value Amount											$ 0.2
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2015 \| EUR \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €							€ 52.5
Weighted Average Fixed Price \| $ / €	1.118	1.118	1.118	1.118	1.118	1.118	1.118	1.118	1.118	1.118	1.118
Weighted Average Mark-to-Market \| $ / €	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)
Fair Value Amount											$ (0.3)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2015 \| GBP \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £						£ 116.3
Weighted Average Fixed Price \| $ / £	1.552	1.552	1.552	1.552	1.552	1.552	1.552	1.552	1.552	1.552	1.552
Weighted Average Mark-to-Market \| $ / £	0.008	0.008	0.008	0.008	0.008	0.008	0.008	0.008	0.008	0.008	0.008
Fair Value Amount											$ 0.9
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2015 \| MXN \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts					$ 2,126.1
Weighted Average Fixed Price \| $ / $	16.478	16.478	16.478	16.478	16.478	16.478	16.478	16.478	16.478	16.478	16.478
Weighted Average Mark-to-Market \| $ / $	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Fair Value Amount											$ (0.3)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2015 \| NOK \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr				kr 43.8
Weighted Average Fixed Price \| $ / kr	8.219	8.219	8.219	8.219	8.219	8.219	8.219	8.219	8.219	8.219	8.219
Weighted Average Mark-to-Market \| $ / kr	0.002	0.002	0.002	0.002	0.002	0.002	0.002	0.002	0.002	0.002	0.002
Fair Value Amount											$ 0.1
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2015 \| RON \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \|			41.0
Weighted Average Fixed Price \| $ /	3.999	3.999	3.999	3.999	3.999	3.999	3.999	3.999	3.999	3.999	3.999
Weighted Average Mark-to-Market \| $ /	(0.002)	(0.002)	(0.002)	(0.002)	(0.002)	(0.002)	(0.002)	(0.002)	(0.002)	(0.002)	(0.002)
Fair Value Amount											$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2015 \| SGD \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts		$ 37.4
Weighted Average Fixed Price \| $ / $	1.392	1.392	1.392	1.392	1.392	1.392	1.392	1.392	1.392	1.392	1.392
Weighted Average Mark-to-Market \| $ / $	0.011	0.011	0.011	0.011	0.011	0.011	0.011	0.011	0.011	0.011	0.011
Fair Value Amount											$ 0.4
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2015 \| ZAR \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| R	R 59.1
Weighted Average Fixed Price \| $ / R	13.019	13.019	13.019	13.019	13.019	13.019	13.019	13.019	13.019	13.019	13.019
Weighted Average Mark-to-Market \| $ / R	0.007	0.007	0.007	0.007	0.007	0.007	0.007	0.007	0.007	0.007	0.007
Fair Value Amount											$ 0.4
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| GBP \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £						£ 40.0
Weighted Average Fixed Price \| $ / £	1.553	1.553	1.553	1.553	1.553	1.553	1.553	1.553	1.553	1.553	1.553
Weighted Average Mark-to-Market \| $ / £	0.035	0.035	0.035	0.035	0.035	0.035	0.035	0.035	0.035	0.035	0.035
Fair Value Amount											$ 1.4
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2017 \| GBP \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £						£ 4.8
Weighted Average Fixed Price \| $ / £	1.569	1.569	1.569	1.569	1.569	1.569	1.569	1.569	1.569	1.569	1.569
Weighted Average Mark-to-Market \| $ / £	0.042	0.042	0.042	0.042	0.042	0.042	0.042	0.042	0.042	0.042	0.042
Fair Value Amount											$ 0.2

Derivatives (Details 2) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	$ 455.1	$ 695.3
Derivative liability	445.1	649.6
Derivative, credit-risk related contingent features
Net liability position	62.2	111.7
Collateral posted	43.9	89.4
Additional assets required to be posted should credit-risk contingent feature be triggered	30.2	22.3
Derivatives designated as hedging instruments
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	21.1	23.5
Derivative liability	22.2	1.7
Derivatives designated as hedging instruments \| Commodity contracts \| Other current assets
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative liability	21.4	1.0
Derivatives designated as hedging instruments \| Commodity contracts \| Short-term derivative assets, net
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	20.1	18.8
Derivatives designated as hedging instruments \| Commodity contracts \| Accrued expenses and other current liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	1.0	4.7
Derivative liability	0.8	0.7
Derivatives not designated as hedging instruments
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	434.0	671.8
Derivative liability	422.9	647.9
Derivatives not designated as hedging instruments \| Commodity contracts \| Short-term derivative assets, net
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	237.9	399.0
Derivative liability	41.4	76.0
Derivatives not designated as hedging instruments \| Commodity contracts \| Identifiable intangible and other non-current assets
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	16.3	12.1
Derivative liability	2.3	0.6
Derivatives not designated as hedging instruments \| Commodity contracts \| Accrued expenses and other current liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	157.8	234.1
Derivative liability	346.9	530.0
Derivatives not designated as hedging instruments \| Commodity contracts \| Other long-term liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	11.3	4.8
Derivative liability	25.5	29.3
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short-term derivative assets, net
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	9.6	21.3
Derivative liability	5.4	12.0
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Identifiable intangible and other non-current assets
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	0.5	$ 0.5
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Accrued expenses and other current liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative asset	0.6
Derivative liability	$ 1.4

Derivatives (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Derivatives (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Gain (loss) on derivative
Gains or losses that were excluded from the assessment of the effectiveness of fair value hedges	$ 0	$ 0	$ 0	$ 0
Cash flow hedges.
Gain (loss) on derivative
Amount of Loss Recognized in Accumulated Other Comprehensive Income (Effective Portion)	(1,100)		(1,100)
Amount of Loss Recognized in Income (Ineffective Portion)	(300)		(300)
Cash flow hedges. \| Commodity contracts \| Revenue
Gain (loss) on derivative
Amount of Gain Recognized in Accumulated Other Comprehensive Income (Effective Portion)	300		300
Amount of Loss Recognized in Income (Ineffective Portion)	(1,200)		(1,200)
Cash flow hedges. \| Commodity contracts \| Cost of revenue.
Gain (loss) on derivative
Amount of Loss Recognized in Accumulated Other Comprehensive Income (Effective Portion)	(1,400)		(1,400)
Amount of Gain Recognized in Income (Ineffective Portion)	900		900
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts \| Cost of revenue.
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedge	52,800	36,300	36,700	34,600
Realized and Unrealized Gain (Loss) on Hedged Item	(48,500)	(36,200)	(29,200)	(44,900)
Derivatives not designated as hedging instruments
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	8,600	32,300	30,200	60,800
Derivatives not designated as hedging instruments \| Commodity contracts \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	43,200	19,800	89,200	43,900
Derivatives not designated as hedging instruments \| Commodity contracts \| Cost of revenue.
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	(39,900)	700	(68,000)	9,800
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	3,400	2,900	2,100	1,600
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Other income (expense), net
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	$ 1,900	$ 8,900	$ 6,900	$ 5,500

Debt (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Debt
Total debt	$ 884.4	$ 689.9
Short-term debt	23.2	17.9
Long-term debt	861.2	672.0
Credit facility
Debt
Total debt	525.0	420.0
Maximum borrowing capacity	1,260.0
Amount outstanding	525.0	420.0
Unused portion of facility	727.2	665.2
Term Loans
Debt
Total debt	336.2	241.3
Capital leases
Debt
Total debt	13.6	11.4
Other
Debt
Total debt	9.6	17.2
Letters of credit and bankers' acceptances
Debt
Maximum borrowing capacity	400.0
Amount outstanding	$ 7.8	$ 14.8

Assets and Liabilities Held for Sale (Details) $ in Millions	Sep. 30, 2015 USD ($)
Current assets held for sale
Total current assets held for sale	$ 4.4
Non-current assets held for sale
Total noncurrent assets held for sale	34.0
Current liabilities held for sale
Total current liabilities held for sale	2.2
Non-current liabilities held for sale
Total non-current liabilities held for sale	3.5
Disposal Group, Held-for-sale, Not Discontinued Operations \| Pester
Current assets held for sale
Accounts receivable	0.1
Inventory	4.3
Total current assets held for sale	4.4
Non-current assets held for sale
Identifiable intangible assets	2.5
Property and Equipment	28.0
Goodwill	3.5
Total noncurrent assets held for sale	34.0
Current liabilities held for sale
Accrued expenses and other current liabilities	2.2
Total current liabilities held for sale	2.2
Non-current liabilities held for sale
Non-current income tax liabilities	3.5
Total non-current liabilities held for sale	$ 3.5

Interest Income, Expense and Other Financing Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest Income, Expense and Other Financing Costs
Interest income	$ 1.3	$ 1.3	$ 4.0	$ 4.5
Interest expense and other financing costs	(9.2)	(10.1)	(25.5)	(22.3)
Interest expense and other financing costs, net	$ (7.9)	$ (8.8)	$ (21.5)	$ (17.8)

Commitments and Contingencies (Details) $ in Millions	Sep. 30, 2015 USD ($)
Legal Matters
Estimated amount recoverable due to theft of fuel product	$ 18.0
Derailment of freight train
Legal Matters
Liabilities recorded based on estimated losses	158.9
Receivables for portion of liability recoverable from insurance	155.1
Derailment of freight train \| Accrued expenses and other current liabilities
Legal Matters
Liabilities recorded based on estimated losses	124.9
Derailment of freight train \| Other current assets
Legal Matters
Receivables for portion of liability recoverable from insurance	$ 137.5

Commitments and Contingencies (Details 2) - USD ($) $ in Millions	1 Months Ended
	Mar. 31, 2015	Sep. 30, 2015
Termination of Employment Agreement
Charges in connection with termination of employment agreement	$ 3.8
Non-cash expenses related to stock award compensation	$ 0.8
Accrued expenses and other current liabilities
Termination of Employment Agreement
Unpaid amout of cash portion of charges related to termination of employment agreement		$ 0.5
Other long-term liabilities
Termination of Employment Agreement
Unpaid amout of cash portion of charges related to termination of employment agreement		$ 1.7

Shareholders' Equity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Shareholders' Equity (Details) - USD ($) $ in Millions	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Stock Repurchase Programs
Authorized common stock repurchase amount					$ 100.0
Amount available to repurchase shares under stock repurchase program	$ 59.5		$ 59.5
Other Comprehensive (Loss) Income
Balance at the beginning of the period			(60.2)	$ (29.3)
Other comprehensive loss	(32.1)	$ (17.3)	(43.9)	(8.4)
Less Net other comprehensive income attributable to noncontrolling interest			4.6
Balance at the end of the period	(108.7)	(37.7)	(108.7)	(37.7)
Foreign Currency Translation Adjustments
Other Comprehensive (Loss) Income
Balance at the beginning of the period			(60.2)	(29.3)
Other comprehensive loss			(42.8)	(8.4)
Less Net other comprehensive income attributable to noncontrolling interest			4.6
Balance at the end of the period	(107.6)	$ (37.7)	(107.6)	$ (37.7)
Cash Flow Hedges
Other Comprehensive (Loss) Income
Other comprehensive loss			(1.1)
Balance at the end of the period	$ (1.1)		$ (1.1)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Income Taxes (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Taxes
Income tax provision	$ 11.8	$ 13.4	$ 26.8	$ 35.0
Effective income tax rate (as a percent)	19.50%	19.80%	16.90%	18.80%
Decrease in foreign income taxes due to special income tax concession in Singapore	$ 1.1	$ 1.7	$ 3.9	$ 5.5
Impact of income tax concession on basic earnings per common share (in dollars per share)	$ 0.02	$ 0.02	$ 0.05	$ 0.08
Impact of income tax concession on diluted earnings per common share (in dollars per share)	$ 0.02	$ 0.02	$ 0.05	$ 0.08

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net income attributable to World Fuel	$ 49.6	$ 55.7	$ 135.1	$ 154.6
Denominator:
Weighted average common shares for basic earnings per common share	70.0	70.8	70.5	70.8
Effect of dilutive securities (in shares)	0.3	0.5	0.5	0.5
Weighted average common shares for diluted earnings per common share	70.3	71.3	71.0	71.3
Weighted average securities which are not included in the calculation of diluted earnings per common share (in shares)	1.5	0.8	1.0	0.8
Basic earnings per common share (in dollars per share)	$ 0.71	$ 0.79	$ 1.92	$ 2.18
Diluted earnings per common share (in dollars per share)	$ 0.71	$ 0.78	$ 1.90	$ 2.17

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

Business Segments (Details) $ in Millions	3 Months Ended		9 Months Ended
Business Segments (Details) $ in Millions	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($) item	Sep. 30, 2014 USD ($)
Business Segments
Number of reportable operating business segments \| item			3
Revenue:
Total revenue	$ 7,810.7	$ 11,713.5	$ 23,647.8	$ 33,606.8
Gross profit:
Gross profit	226.7	214.6	632.6	594.1
Income from operations:
Income from operations	66.4	74.1	179.3	198.2
Aviation Segment
Revenue:
Total revenue	2,995.3	4,675.6	9,077.6	13,361.8
Gross profit:
Gross profit	106.8	96.2	274.8	246.9
Marine segment
Revenue:
Total revenue	2,388.1	3,725.6	7,514.3	10,738.6
Gross profit:
Gross profit	48.6	49.4	144.3	146.1
Land Segment
Revenue:
Total revenue	2,427.3	3,312.3	7,055.9	9,506.4
Gross profit:
Gross profit	71.3	69.0	213.5	201.1
Operating Segments
Income from operations:
Income from operations	83.6	87.3	225.4	237.4
Operating Segments \| Aviation Segment
Income from operations:
Income from operations	47.0	47.3	100.8	114.5
Operating Segments \| Marine segment
Income from operations:
Income from operations	17.5	20.9	57.3	62.9
Operating Segments \| Land Segment
Income from operations:
Income from operations	19.1	19.1	67.3	60.0
Corporate
Income from operations:
Income from operations	$ 17.2	$ 13.2	$ 46.1	$ 39.2

Business Segments (Details 2) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Accounts receivable, net:
Accounts receivable, net	$ 2,039.1	$ 2,306.4
Total assets:
Total assets	4,972.9	4,880.5
Aviation Segment
Accounts receivable, net:
Accounts receivable, net	574.2	685.0
Allowance for bad debt	6.8	7.9
Marine segment
Accounts receivable, net:
Accounts receivable, net	748.4	974.0
Allowance for bad debt	9.9	8.4
Land Segment
Accounts receivable, net:
Accounts receivable, net	716.5	647.4
Allowance for bad debt	8.1	9.4
Operating Segments \| Aviation Segment
Total assets:
Total assets	1,606.9	1,635.9
Operating Segments \| Marine segment
Total assets:
Total assets	1,361.4	1,483.1
Operating Segments \| Land Segment
Total assets:
Total assets	1,802.3	1,570.6
Corporate
Total assets:
Total assets	$ 202.3	$ 190.9