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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2016	Apr. 21, 2016
Document and Entity Information
Entity Registrant Name	WORLD FUEL SERVICES CORP
Entity Central Index Key	0000789460
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
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		70,827,000
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets - USD ($)
$ in Millions

Mar. 31, 2016

Dec. 31, 2015

Current assets:

Cash and cash equivalents

^[1]

$ 689.7

$ 582.5

Accounts receivable, net

^[1]

1,673.2

1,812.6

Inventories

^[1]

333.7

359.1

Prepaid expenses

^[1]

46.1

57.9

Short-term derivative assets, net

^[1]

128.6

227.2

Other current assets

^[1]

233.7

209.8

Current assets held for sale

^[1]

5.7

5.5

Total current assets

^[1]

3,110.6

3,254.6

Property and equipment, net

^[1]

229.2

225.6

Goodwill

^[1]

680.6

675.8

Identifiable intangible and other non-current assets

^[1]

365.8

356.9

Non-current assets held for sale

^[1]

33.5

36.5

Total assets

^[1]

4,419.7

4,549.4

Current liabilities:

Short-term debt

^[1]

28.8

25.5

Accounts payable

^[1]

1,158.2

1,349.6

Customer deposits

^[1]

94.6

118.3

Accrued expenses and other current liabilities

^[1]

268.0

263.8

Current liabilities held for sale

^[1]

5.5

5.6

Total current liabilities

^[1]

1,555.0

1,762.8

Long-term debt

^[1]

776.5

746.7

Non-current income tax liabilities, net

^[1]

86.2

87.7

Other long-term liabilities

^[1]

23.7

25.8

Non-current liabilities held for sale

^[1]

5.1

5.0

Total liabilities

^[1]

2,446.5

2,628.0

Commitments and contingencies

World Fuel shareholders' equity:

Preferred stock, $1.00 par value; 0.1 shares authorized, none issued

^[1]

Common stock, $0.01 par value; 100 shares authorized, 70.9 and 70.8 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively

^[1]

0.7

Capital in excess of par value

^[1]

438.4

435.3

Retained earnings

^[1]

1,636.8

1,588.6

Accumulated other comprehensive loss

^[1]

(113.9)

(113.2)

Total World Fuel shareholders' equity

^[1]

1,962.0

1,911.4

Noncontrolling interest equity

^[1]

11.2

10.0

Total equity

^[1]

1,973.2

1,921.4

Total liabilities and equity

^[1]

$ 4,419.7

$ 4,549.4

[1]	Amounts may not add due to rounding

Consolidated Balance Sheets (Parenthetical) - $ / shares
shares in Millions

Mar. 31, 2016

Dec. 31, 2015

Consolidated Balance Sheets

Preferred stock, par value (in dollars per share)

^[1]

$ 1.00

Preferred stock, shares authorized

^[1]

0.1

Preferred stock, shares issued

^[1]

0.0

Common stock, par value (in dollars per share)

^[1]

$ 0.01

Common stock, shares authorized

^[1]

100.0

Common stock, shares issued

^[1]

70.9

70.8

Common stock, shares outstanding

^[1]

70.9

70.8

[1]	Amounts may not add due to rounding

Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions

3 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Consolidated Statements of Income and Comprehensive Income

Revenue

^[1]

$ 5,192.6

$ 7,340.7

Cost of revenue

^[1]

4,968.8

7,125.3

Gross profit

^[1]

223.8

215.4

Operating expenses:

Compensation and employee benefits

^[1]

95.9

88.6

Provision for bad debt

^[1]

1.5

1.3

General and administrative

^[1]

63.1

54.0

Total operating expenses

^[1]

160.5

143.9

Income from operations

^[1]

63.3

71.5

Non-operating expenses, net:

Interest expense and other financing costs, net

^[2]

(7.6)

(7.3)

Other income, net

^[1]

1.3

0.3

Total non-operating expenses, net

^[1]

(6.3)

(7.0)

Income before income taxes

^[1]

57.1

64.5

Provision for income taxes

^[1]

4.8

9.9

Net income including noncontrolling interest

^[1]

52.3

54.6

Net loss attributable to noncontrolling interest

^[1]

(0.1)

(1.0)

Net income attributable to World Fuel

^[2]

$ 52.4

$ 55.6

Basic earnings per common share (in dollars per share)

^[2]

$ 0.75

$ 0.79

Basic weighted average common shares (in shares)

^[2]

69.5

70.7

Diluted earnings per common share (in dollars per share)

^[2]

$ 0.75

$ 0.78

Diluted weighted average common shares (in shares)

^[2]

70.0

71.4

Comprehensive income:

Net income including noncontrolling interest

^[1]

$ 52.3

$ 54.6

Other comprehensive (loss) income:

Foreign currency translation adjustments

^[1]

2.5

(33.8)

Derivative instruments, net of income tax benefit: 2016 - $0.2

^[1]

(1.7)

Other comprehensive income (loss)

0.8

^[2]

(33.8)

^[1]

Comprehensive income including noncontrolling interest

^[1]

53.1

20.8

Comprehensive income attributable to noncontrolling interest

^[1]

1.5

1.2

Comprehensive income attributable to World Fuel

^[1]

$ 51.6

$ 19.6

[1]	Amounts may not add due to rounding
[2]	Amounts may not add due to rounding

Consolidated Statements of Income and Comprehensive Income (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($)
Consolidated Statements of Income and Comprehensive Income
Cash flow hedges, income tax expense (benefit)	$ (0.2)

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, 2014

^[1]

$ 0.7

$ 496.4

$ 1,418.5

$ (60.2)

$ 1,855.4

$ 9.5

$ 1,864.9

Balance (in shares) at Dec. 31, 2014

^[1]

72.1

Increase (Decrease) in Shareholders' Equity

Net income (loss)

^[1]

55.6

(1.0)

54.6

Cash dividends declared

^[1]

(4.2)

Amortization of share-based payment awards

^[1]

3.7

Issuance of common stock related to share-based payment awards, including income tax benefit of $0.9 for the three months ended March 31, 2015

^[1]

1.0

Issuance of common stock related to share-based payment awards (in shares)

^[1]

0.1

Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards

^[1]

(4.0)

Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (in shares)

^[1]

(0.1)

Other comprehensive (loss) income

^[1]

(36.0)

2.2

(33.8)

Balance at Mar. 31, 2015

^[1]

$ 0.7

497.1

1,469.9

(96.2)

1,871.5

10.7

1,882.2

Balance (in shares) at Mar. 31, 2015

^[1]

72.1

Balance at Dec. 31, 2015

^[1]

$ 0.7

435.3

1,588.6

(113.2)

1,911.4

10.0

$ 1,921.4

Balance (in shares) at Dec. 31, 2015

^[1]

70.8

Increase (Decrease) in Shareholders' Equity

Net income (loss)

^[1]

52.4

(0.1)

$ 52.3

Cash dividends declared

^[1]

(4.2)

Distribution of noncontrolling interest

^[1]

(0.2)

Amortization of share-based payment awards

^[1]

4.0

Issuance of common stock related to share-based payment awards (in shares)

^[1]

0.1

Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards

^[1]

(0.9)

Other comprehensive (loss) income

(0.7)

^[1]

(0.7)

^[1]

1.6

^[1]

0.8

^[2]

Balance at Mar. 31, 2016

^[1]

$ 0.7

$ 438.4

$ 1,636.8

$ (113.9)

$ 1,962.0

$ 11.2

$ 1,973.2

Balance (in shares) at Mar. 31, 2016

^[1]

70.9

[1]	Amounts may not add due to rounding
[2]	Amounts may not add due to rounding

Consolidated Statements of Shareholders' Equity (Parenthetical)
$ in Millions

3 Months Ended

Mar. 31, 2015

USD ($)

Consolidated Statements of Shareholders' Equity

Issuance of common stock related to share-based payment awards, income tax benefit

$ 0.9

^[1]

[1]	Amounts may not add due to rounding

Consolidated Statements of Cash Flows - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Cash flows from operating activities:

Net income including noncontrolling interest

^[1]

$ 52.3

$ 54.6

Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:

Depreciation and amortization

^[1]

18.4

13.4

Provision for bad debt

^[1]

1.5

1.3

Share-based payment award compensation costs

^[1]

4.1

4.2

Deferred income tax provision (benefit)

^[1]

3.4

(3.7)

Extinguishment of liabilities

^[1]

(1.8)

(3.7)

Foreign currency losses (gains), net

^[1]

6.2

(5.2)

Other

^[1]

1.4

4.1

Changes in assets and liabilities, net of acquisitions:

Accounts receivable, net

^[1]

142.9

85.6

Inventories

^[1]

26.1

13.0

Prepaid expenses

^[1]

11.7

20.6

Short-term derivative assets, net

^[1]

91.8

74.3

Other current assets

^[1]

(11.0)

(25.5)

Cash collateral with financial counterparties

^[1]

54.0

43.6

Other non-current assets

^[1]

7.1

(1.4)

Accounts payable

^[1]

(191.2)

(91.9)

Customer deposits

^[1]

(23.6)

(33.3)

Accrued expenses and other current liabilities

^[1]

(48.1)

(35.7)

Non-current income tax, net and other long-term liabilities

^[1]

(6.7)

(7.4)

Total adjustments

^[1]

86.2

52.3

Net cash provided by operating activities

^[1]

138.5

106.9

Cash flows from investing activities:

Acquisition of businesses, net of cash acquired and other investments

^[1]

(45.3)

(3.7)

Capital expenditures

^[1]

(14.1)

(13.1)

Other investing activities, net

^[1]

6.9

5.3

Net cash used in investing activities

^[1]

(52.5)

(11.5)

Cash flows from financing activities:

Borrowings of debt

^[1]

689.6

1,349.1

Repayments of debt

^[1]

(664.6)

(1,342.4)

Dividends paid on common stock

^[1]

(4.2)

(2.6)

Federal and state tax benefits resulting from tax deductions in excess of the compensation cost recognized for share-based payment awards

^[1]

0.9

Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards

^[1]

(0.9)

(4.0)

Other financing activities, net

^[1]

(0.2)

(3.4)

Net cash provided by (used in) financing activities

^[1]

19.7

(2.4)

Effect of exchange rate changes on cash and cash equivalents

^[1]

1.5

(4.3)

Net increase in cash and cash equivalents

^[1]

107.2

88.7

Cash and cash equivalents, as of beginning of period

^[1]

582.5

302.3

Cash and cash equivalents, as of end of period

^[1]

$ 689.7

$ 391.0

[1]	Amounts may not add due to rounding

Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Supplemental Schedule of Noncash Investing and Financing Activities

Cash dividends declared, but not yet paid

^[1]

$ 4.2

Accrued capital expenditures

^[1]

1.3

$ 1.0

Assets acquired, net of cash

^[1]

30.6

Liabilities assumed

^[1]

1.0

Promissory notes issued for acquisition

^[1]

$ 0.5

[1]	Amounts may not add due to rounding

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Basis of Presentation and Significant Accounting Policies
Basis of Presentation and Significant Accounting Policies	1.Basis of Presentation and Significant Accounting Policies Basis of Presentation We prepared the consolidated financial statements following the requirements of the Unites States (U.S.) Securities and Exchange Commission (SEC) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by accounting principles generally accepted in the United States of America (U.S. GAAP) can be condensed or omitted. Unless the context requires otherwise, references to “World Fuel”, “the Company”, “we”, “us”, or “our” in this Quarterly Report on Form 10-Q (“10-Q Report”) refer to World Fuel Services Corporation and its subsidiaries. Revenues, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the results and trends in these interim financial statements may not be representative of those for the full year. In the opinion of management, all adjustments necessary for a fair presentation of the financial information, which are of a normal and recurring nature, have been made for the interim periods reported. The information included in this 10-Q Report should be read in conjunction with the consolidated financial statements and accompanying notes included in our 2015 Annual Report on Form 10-K (“2015 10-K Report”). Certain amounts in the consolidated financial statements and associated notes may not add due to rounding. All percentages have been calculated using unrounded amounts. Significant Accounting Policies The significant accounting policies we use for quarterly financial reporting are disclosed in Note 1 of the “Notes to the Consolidated Financial Statements” included in our 2015 10‑K Report, as updated in “Item 2. Management’s Discussion and Analysis of Financial Condition” within this 10-Q report. Goodwill During the first quarter of 2016, we recorded goodwill of $2.1 million in our land segment in connection with the 2016 acquisitions, described in Note 2. In addition, due to adjustments to provisional amounts identified during the measurement period of our 2015 acquisitions, we increased goodwill by $0.1 million, net primarily due to an increase in the land segment. Additionally, as a result of foreign currency translation adjustments of our non-U.S. dollar functional currency subsidiaries, goodwill decreased by $1.8 million in our land segment and increased by $1.0 million and $0.3 million in our aviation and marine segments, respectively. Adoption of New Accounting Standards The following accounting standards updates were recently adopted by the Company: 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 requires 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 the acquirer to 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 became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not 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 became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not 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 became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not 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 the concept of extraordinary items. This update became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not 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 became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not have a significant impact on our consolidated financial statements and 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 became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not have a significant impact on our consolidated financial statements and disclosures.

Acquisitions, Assets and Liabilities Held for Sale	3 Months Ended
Acquisitions, Assets and Liabilities Held for Sale	Mar. 31, 2016
Acquisitions, Assets and Liabilities Held for Sale
Acquisitions, Assets and Liabilities Held for Sale	2.Acquisitions, Assets and Liabilities Held for Sale 2016 Acquisitions In the first quarter of 2016, we completed three acquisitions in our land segment which were not significant individually or in the aggregate. The financial position, results of operations and cash flows of the 2016 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 months ended March 31, 2016. In the first quarter of 2016, we agreed to acquire from certain ExxonMobil affiliates their aviation fueling operations at 83 airports in Canada, the United Kingdom, Germany, Italy, France, Australia and New Zealand. The transaction is subject to customary regulatory consents and closing conditions, including securing third party consents and therefore there can be no assurance that we will be successful in closing the acquisition. Assets and Liabilities Held for Sale In connection with the acquisition of all of the outstanding stock of Pester Marketing Company (“Pester”) on September 1, 2015, 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 March 31, 2016. Current assets held for sale of the disposal group, which includes inventories and other current assets, were $5.7 million. The non-current assets held for sale, which include property and equipment, goodwill and identifiable intangible assets, were $33.5 million. Current liabilities held for sale, which includes accounts payable and accrued expenses and other current liabilities, were $5.5 million. Non-current liabilities held for sale, comprised of deferred tax liabilities, were $5.1 million. These net assets have been reported as part of our land segment.

Derivatives

3 Months Ended

Mar. 31, 2016

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 sheets 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 March 31, 2016, 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
Derivative Classification	Period	Derivative Instrument	Notional	Unit	Fixed Price		Amount		Amount

Fair Value Hedge	2016	Commodity contracts for inventory hedging	2.5	BBL	$	49.507	$	(0.135)	$	(0.3)
	2017	Commodity contracts for inventory hedging	0.1	BBL		51.789		4.716		0.2
									$	(0.1)

Cash Flow Hedge	2016	Commodity contracts for inventory hedging	24.0	BBL	$	47.404	$	0.241	$	5.8
	2017	Commodity contracts for inventory hedging	1.5	BBL		58.575		2.274		3.4
									$	9.2

Non-Designated	2016	Commodity contracts (long)	56.0	BBL	$	36.915	$	(9.793)	$	(548.5)
	2016	Commodity contracts (short)	53.3	BBL		38.926		10.374		552.5
	2017	Commodity contracts (long)	8.6	BBL		22.835		(0.239)		(2.1)
	2017	Commodity contracts (short)	5.9	BBL		29.761		0.870		5.2
	2018	Commodity contracts (long)	2.2	BBL		12.593		2.186		4.8
	2018	Commodity contracts (short)	1.5	BBL		12.253		(1.647)		(2.5)
	2019	Commodity contracts (long)	0.1	BBL		20.912		0.210		—
	2019	Commodity contracts (short)	0.1	BBL		49.907		10.084		0.1
	2020	Commodity contracts (long)	0.1	BBL		21.620		(1.970)		(0.1)
	2020	Commodity contracts (short)	0.1	BBL		37.674		7.626		0.8
	2021	Commodity contracts (long)	—	BBL		20.792		0.136		—
	2016	Foreign currency contracts	10.7	AUD		0.714		(0.044)		(0.5)
	2016	Foreign currency contracts	65.5	CAD		1.372		(0.046)		(3.0)
	2016	Foreign currency contracts	0.3	CHF		1.005		(0.046)		—
	2016	Foreign currency contracts	3,869.5	CLP		699.730		(0.000)		(0.1)
	2016	Foreign currency contracts	71,005.7	COP		3,293.082		(0.000)		—
	2016	Foreign currency contracts	44.2	DKK		6.804		(0.002)		(0.1)
	2016	Foreign currency contracts	42.4	EUR		1.097		(0.039)		(1.7)
	2016	Foreign currency contracts	102.1	GBP		1.464		0.033		3.3
	2016	Foreign currency contracts	94.7	INR		68.082		(0.000)		—
	2016	Foreign currency contracts	870.1	JPY		115.852		(0.000)		(0.1)
	2016	Foreign currency contracts	1,785.8	MXN		18.104		0.000		0.3
	2016	Foreign currency contracts	72.6	NOK		8.712		(0.005)		(0.4)
	2016	Foreign currency contracts	6.7	PLN		4.002		(0.005)		—
	2016	Foreign currency contracts	81.3	RON		4.128		(0.005)		(0.4)
	2016	Foreign currency contracts	35.5	SEK		8.569		0.007		0.2
	2016	Foreign currency contracts	28.3	SGD		1.407		(0.014)		(0.4)
	2016	Foreign currency contracts	26.6	ZAR		16.080		(0.004)		(0.1)
	2017	Foreign currency contracts	1.8	EUR		1.083		(0.070)		(0.1)
	2017	Foreign currency contracts	9.3	GBP		1.527		0.088		0.8
	2018	Foreign currency contracts	1.7	EUR		1.105		(0.057)		(0.1)
	2018	Foreign currency contracts	0.2	GBP		1.403		(0.034)		—
									$	7.8

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	March 31, 2016		December 31, 2015
Derivative assets:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	84.2	$	114.0
Commodity contracts	Identifiable intangible and other non-current assets		—		7.4
Commodity contracts	Accrued expenses and other current liabilities		0.9		6.3
			85.2		127.7
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net		167.6		241.4
Commodity contracts	Identifiable intangible and other non-current assets		16.8		17.0
Commodity contracts	Accrued expenses and other current liabilities		136.2		120.4
Commodity contracts	Other long-term liabilities		12.0		4.0
Foreign currency contracts	Short-term derivative assets, net		4.5		10.9
Foreign currency contracts	Identifiable intangible and other non-current assets		0.4		0.7
Foreign currency contracts	Accrued expenses and other current liabilities		4.9		0.8
Foreign currency contracts	Other long-term liabilities		0.2		—
			342.7		395.2
		$	427.8	$	522.9

Derivative liabilities:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	74.7	$	95.3
Commodity contracts	Accrued expenses and other current liabilities		1.4		2.9
			76.1		98.2
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net		31.5		26.6
Commodity contracts	Identifiable intangible and other non-current assets		4.2		4.8
Commodity contracts	Accrued expenses and other current liabilities		268.2		319.9
Commodity contracts	Other long-term liabilities		18.5		14.2
Foreign currency contracts	Short-term derivative assets, net		3.4		3.3
Foreign currency contracts	Identifiable intangible and other non-current assets		0.1		—
Foreign currency contracts	Accrued expenses and other current liabilities		8.8		1.7
Foreign currency contracts	Other long-term liabilities		0.1		—
			334.8		370.5
		$	410.9	$	468.7

The following table presents the effect and financial statement location of our derivative instruments and related hedged items in 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
		2016		2015				2016		2015
Three months ended March 31,
Commodity contracts	Revenue	$	88.0	$	—
Commodity contracts	Cost of revenue		(81.9)		4.0	Inventories	Cost of revenue	$	(3.2)	$	(0.5)
		$	6.1	$	4.0			$	(3.2)	$	(0.5)

There were no gains or losses for the three months ended March 31, 2016 and 2015 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) (Effective Portion)		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)				Amount of Gain (Loss) Recognized in Income (Ineffective Portion)
Derivative Instruments		2016		2015			2016		2015		2016		2015
Three Months ended March 31,
Commodity contracts	$	(46.5)	$	—	Revenue	$	(53.8)	$	—	$	(0.1)	$	—
Commodity contracts		44.2		—	Cost of Revenue		54.3		—		2.9		—
Total	$	(2.2)	$	—		$	0.5	$	—	$	2.8	$	—

During the three months ended March 31, 2016, we recorded a loss of $0.1 million in revenue and income of $2.9 million in cost of revenue, related to hedge ineffectiveness. In the event forecasted sales and purchases 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. 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)
		2016		2015

Three months ended March 31,
Commodity contracts	Revenue	$	38.9	$	20.6
Commodity contracts	Cost of revenue		(47.5)		(11.7)
Foreign currency contracts	Revenue		1.9		3.9
Foreign currency contracts	Other income, net		(5.2)		9.2
		$	(11.9)	$	22.0

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.

The following table presents the net liability position for such contracts, the collateral posted and amount of assets required to be posted and/or to settle the positions should a credit-risk contingent feature be triggered (in millions):



	Net Liability Position				Collateral		Contingent
	Subject to Collateral Requirements				Posted		Additional Collateral
As of March 31, 2016
Commodity contracts		$	50.0	$	(11.3)	$	38.7

As of December 31, 2015
Commodity contracts		$	63.2	$	(28.1)	$	35.0

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579240-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
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+ Details

Fair Value Measurements

3 Months Ended

Mar. 31, 2016

Fair Value Measurements

Fair Value Measurements

4.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 $805.2 million and $772.2 million as of March 31, 2016 and December 31, 2015, respectively, and our notes receivable of $6.1 million and $7.4 million as of March 31, 2016 and December 31, 2015, 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 March 31, 2016
Assets:
Commodity contracts	$	236.1	$	178.7	$	3.0	$	417.7	$	(278.2)	$	139.5
Foreign currency contracts		—		10.1		—		10.1		(8.7)		1.4
Cash surrender value of life insurance		—		3.3		—		3.3		—		3.3
Total	$	236.1	$	192.1	$	3.0	$	431.1	$	(286.9)	$	144.2
Liabilities:
Commodity contracts	$	279.2	$	119.0	$	0.3	$	398.5	$	(337.2)	$	61.3
Foreign currency contracts		—		12.4		—		12.4		(8.7)		3.7
Total	$	279.2	$	131.4	$	0.3	$	410.9	$	(345.9)	$	65.1

As of December 31, 2015
Assets:
Commodity contracts	$	255.4	$	251.9	$	3.2	$	510.5	$	(279.0)	$	231.5
Foreign currency contracts		—		12.4		—		12.4		(4.1)		8.3
Cash surrender value of life insurance		—		2.4		—		2.4		—		2.4
Total	$	255.4	$	266.7	$	3.2	$	525.3	$	(283.1)	$	242.2
Liabilities:
Commodity contracts	$	340.1	$	123.4	$	0.2	$	463.7	$	(389.6)	$	74.1
Foreign currency contracts		—		5.0		—		5.0		(4.1)		0.9
Inventories		—		14.3		—		14.3		—		14.3
Total	$	340.1	$	142.7	$	0.2	$	483.0	$	(393.7)	$	89.3

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 on September 1, 2015, 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. 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 March 31, 2016, the fair value of the asset disposal group (excluding inventories) of $34.7 million and the liability disposal group of $10.6 million were categorized as Level 3, as significant unobservable inputs were used in the valuation of such assets and liabilities. The inventories of $4.5 million as of March 31, 2016 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
	March 31, 2016		December 31, 2015
Commodity Contracts
Assets:
Short-term derivative assets, net	$	127.5	$	212.6
Identifiable intangible and other non-current assets		12.0		18.9
Total net assets	$	139.5	$	231.5

Liabilities:
Accrued expenses and other current liabilities	$	56.6	$	68.7
Other long-term liabilities		4.7		5.4
Total net liabilities	$	61.3	$	74.1

Foreign Currency Contracts
Assets:
Short-term derivative assets, net	$	1.1	$	7.6
Identifiable intangible and other non-current assets		0.3		0.7
Total net assets	$	1.4	$	8.3

Liabilities:
Accrued expenses and other current liabilities	$	3.9	$	0.9
Other long-term liabilities		(0.1)		—
Total net liabilities	$	3.7	$	0.9

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 March 31, 2016, we had $113.7 million of cash collateral deposits held by financial counterparties, of which $77.7 million have been offset against the total amount of commodity fair value liabilities in the above table and the remaining $36.0 million is included in other current assets in the accompanying consolidated balance sheets. In addition, as of March 31, 2016, we have offset $18.7 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, 2015, we had $174.6 million of cash collateral deposits held by financial counterparties, of which $132.2 million have been offset against the total amount of commodity fair value liabilities in the above table and the remaining $42.4 million is included in other current assets in the accompanying consolidated balance sheets. In addition, as of December 31, 2015, we have offset $21.6 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 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 Included in Earnings

Three months ended March 31, 2016
Assets:
Commodity contracts	$	2.8	$	0.2	$	1.4	$	1.3	$	3.0	$	1.3	Revenue
Liabilities:
Commodity contracts	$	0.2	$	0.1	$	—	$	—	$	0.3	$	—	Cost of revenue
Three months ended March 31, 2015
Assets:
Commodity contracts	$	4.2	$	0.8	$	3.7	$	—	$	1.3	$	(0.4)	Revenue
Liabilities:
Commodity contracts	$	1.3	$	0.5	$	0.5	$	—	$	0.3	$	0.8	Cost of revenue

The nature of inputs that are considered Level 3 are modeled inputs. Commodity contracts are categorized in Level 3 due 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

Interest Income, Expense and Other Financing Costs

3 Months Ended

Mar. 31, 2016

Interest Income, Expense and Other Financing Costs

Interest Income, Expense and Other Financing Costs

5.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
	March 31,
	2016		2015
Interest income	$	1.3	$	1.2
Interest expense and other financing costs		(8.9)		(8.5)
	$	(7.6)	$	(7.3)

Shareholders' Equity

3 Months Ended

Mar. 31, 2016

Shareholders' Equity

Shareholders' Equity

6.Shareholders’ Equity

Other Comprehensive Income (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 derivative instruments, was as follows (in millions):


		Foreign				Accumulated
		Currency				Other
		Translation		Derivative		Comprehensive
		Adjustments		Instruments		Loss
Balance as of December 31, 2015	$	(113.8)	$	0.6	$	(113.2)
Other comprehensive income (loss)		2.5		(1.7)		0.8
Less: Net other comprehensive income attributable to noncontrolling interest		1.6		—		1.6
Balance as of March 31, 2016	$	(112.8)	$	(1.1)	$	(113.9)

Balance as of December 31, 2014	$	(60.2)	$	—	$	(60.2)
Other comprehensive loss		(33.8)		—		(33.8)
Less: Net other comprehensive income attributable to noncontrolling interest		2.2		—		2.2
Balance as of March 31, 2015	$	(96.2)	$	—	$	(96.2)

The foreign currency translation adjustment losses for the three months ended March 31, 2015 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
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-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
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-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

Income Taxes

3 Months Ended

Mar. 31, 2016

Income Taxes

Income Taxes

7.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
	March 31,
	2016			2015
Income tax provision	$	4.8		$	9.9

Effective income tax rate		8.3	%		15.3	%

Our provision for income taxes for each of the three-month periods ended March 31, 2016 and 2015 was calculated based on the estimated annual effective income tax rate for the full 2016 and 2015 fiscal years. Our provision for income taxes for the first quarter of 2016 was adjusted for an income tax benefit of $4.0 million, net for discrete items related to changes in estimates in uncertain tax positions. Without the $4.0 million adjustment, the first quarter of 2016 effective income tax rate would have been 15.4%. The actual effective income tax rate for the full 2016 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 $0.6 million and $2.3 million for the three months ended March 31, 2016 and 2015, respectively. The impact of the income tax concession on basic earnings per common share was $0.01 and $0.03 for the three months ended March 31, 2016 and 2015, respectively. On a diluted earnings per common share basis, the impact was $0.01 and $0.03 for the three months ended March 31, 2016 and 2015, respectively.

Earnings per Common Share

3 Months Ended

Mar. 31, 2016

Earnings per Common Share

Earnings per Common Share

8.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
	March 31,
	2016		2015
Numerator:
Net income attributable to World Fuel	$	52.4	$	55.6

Denominator:
Weighted average common shares for basic earnings per common share		69.5		70.7
Effect of dilutive securities		0.5		0.7
Weighted average common shares for diluted earnings per common share		70.0		71.4

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		0.9		0.9

Basic earnings per common share	$	0.75	$	0.79

Diluted earnings per common share	$	0.75	$	0.78

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2016
Commitments and Contingencies
Commitments and Contingencies	9.Commitments and Contingencies 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 sheet. 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 and AGCS filed cross-motions for summary judgment and the motions were heard in March 2016. No trial date has been set. 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 March 31, 2016, 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. 2015 Termination of Employment Agreement Effective March 16, 2015, we entered into an employment termination agreement with the former Aviation Segment President. In connection with the 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.

Business Segments

3 Months Ended

Mar. 31, 2016

Business Segments

Business Segments

10.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, land and marine. Corporate expenses are allocated to the segments based on usage, where possible, or on other factors according to the nature of the activity. Within our Aviation segment we offer fuel and related products and services to major commercial airlines, second and third tier airlines, cargo carriers, regional and low cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets and to the United States (“U.S.”) and foreign governments as well as intergovernmental organizations. In our land segment, we offer fuel, crude oil, lubricants, natural gas and related products and services to customers including petroleum distributors operating in the land transportation market, retail petroleum operators, and industrial, commercial, residential and government customers. Our marine segment product and service offerings include fuel, lubricants and related products and services to a broad base of customers, including international container and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S. and foreign governments as well as other fuel suppliers. Within each of our segments we may enter into derivative contracts to mitigate the risk of market price fluctuations and also to offer our customers fuel pricing alternatives to meet their needs.

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


	For the Three Months ended
	March 31,
	2016		2015
Revenue:
Aviation segment	$	2,221.1	$	2,897.0
Land segment		1,695.0		2,123.0
Marine segment		1,276.5		2,320.7
	$	5,192.6	$	7,340.7

Gross profit:
Aviation segment	$	91.0	$	82.9
Land segment		93.6		78.6
Marine segment		39.2		53.9
	$	223.8	$	215.4

Income from operations:
Aviation segment	$	36.3	$	27.8
Land segment		34.0		31.8
Marine segment		11.4		26.1
		81.7		85.7
Corporate overhead - unallocated		18.4		14.2
	$	63.3	$	71.5

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


	As of
	March 31,		December 31,
	2016		2015
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $5.7 and $6.1 as of March 31, 2016 and December 31, 2015, respectively	$	502.7	$	571.6
Land segment, net of allowance for bad debt of $7.4 and $7.2 as of March 31, 2016 and December 31, 2015, respectively		645.7		629.8
Marine segment, net of allowance for bad debt of $11.1 and $10.6 as of March 31, 2016 and December 31, 2015, respectively		524.7		611.2
	$	1,673.2	$	1,812.6


Total assets:
Aviation segment	$	1,558.3	$	1,546.4
Land segment		1,674.6		1,651.5
Marine segment		1,039.4		1,165.6
Corporate		147.5		185.9
	$	4,419.7	$	4,549.4

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Basis of Presentation and Significant Accounting Policies
Goodwill	Goodwill During the first quarter of 2016, we recorded goodwill of $2.1 million in our land segment in connection with the 2016 acquisitions, described in Note 2. In addition, due to adjustments to provisional amounts identified during the measurement period of our 2015 acquisitions, we increased goodwill by $0.1 million, net primarily due to an increase in the land segment. Additionally, as a result of foreign currency translation adjustments of our non-U.S. dollar functional currency subsidiaries, goodwill decreased by $1.8 million in our land segment and increased by $1.0 million and $0.3 million in our aviation and marine segments, respectively.
Adoption of New Accounting Standards	Adoption of New Accounting Standards The following accounting standards updates were recently adopted by the Company: 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 requires 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 the acquirer to 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 became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not 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 became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not 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 became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not 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 the concept of extraordinary items. This update became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not 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 became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not have a significant impact on our consolidated financial statements and 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 became effective at the beginning of our 2016 fiscal year. The adoption of this ASU did not have a significant impact on our consolidated financial statements and disclosures.

Derivatives (Tables)

3 Months Ended

Mar. 31, 2016

Derivatives

Schedule of fair value positions of derivative instruments


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

Fair Value Hedge	2016	Commodity contracts for inventory hedging	2.5	BBL	$	49.507	$	(0.135)	$	(0.3)
	2017	Commodity contracts for inventory hedging	0.1	BBL		51.789		4.716		0.2
									$	(0.1)

Cash Flow Hedge	2016	Commodity contracts for inventory hedging	24.0	BBL	$	47.404	$	0.241	$	5.8
	2017	Commodity contracts for inventory hedging	1.5	BBL		58.575		2.274		3.4
									$	9.2

Non-Designated	2016	Commodity contracts (long)	56.0	BBL	$	36.915	$	(9.793)	$	(548.5)
	2016	Commodity contracts (short)	53.3	BBL		38.926		10.374		552.5
	2017	Commodity contracts (long)	8.6	BBL		22.835		(0.239)		(2.1)
	2017	Commodity contracts (short)	5.9	BBL		29.761		0.870		5.2
	2018	Commodity contracts (long)	2.2	BBL		12.593		2.186		4.8
	2018	Commodity contracts (short)	1.5	BBL		12.253		(1.647)		(2.5)
	2019	Commodity contracts (long)	0.1	BBL		20.912		0.210		—
	2019	Commodity contracts (short)	0.1	BBL		49.907		10.084		0.1
	2020	Commodity contracts (long)	0.1	BBL		21.620		(1.970)		(0.1)
	2020	Commodity contracts (short)	0.1	BBL		37.674		7.626		0.8
	2021	Commodity contracts (long)	—	BBL		20.792		0.136		—
	2016	Foreign currency contracts	10.7	AUD		0.714		(0.044)		(0.5)
	2016	Foreign currency contracts	65.5	CAD		1.372		(0.046)		(3.0)
	2016	Foreign currency contracts	0.3	CHF		1.005		(0.046)		—
	2016	Foreign currency contracts	3,869.5	CLP		699.730		(0.000)		(0.1)
	2016	Foreign currency contracts	71,005.7	COP		3,293.082		(0.000)		—
	2016	Foreign currency contracts	44.2	DKK		6.804		(0.002)		(0.1)
	2016	Foreign currency contracts	42.4	EUR		1.097		(0.039)		(1.7)
	2016	Foreign currency contracts	102.1	GBP		1.464		0.033		3.3
	2016	Foreign currency contracts	94.7	INR		68.082		(0.000)		—
	2016	Foreign currency contracts	870.1	JPY		115.852		(0.000)		(0.1)
	2016	Foreign currency contracts	1,785.8	MXN		18.104		0.000		0.3
	2016	Foreign currency contracts	72.6	NOK		8.712		(0.005)		(0.4)
	2016	Foreign currency contracts	6.7	PLN		4.002		(0.005)		—
	2016	Foreign currency contracts	81.3	RON		4.128		(0.005)		(0.4)
	2016	Foreign currency contracts	35.5	SEK		8.569		0.007		0.2
	2016	Foreign currency contracts	28.3	SGD		1.407		(0.014)		(0.4)
	2016	Foreign currency contracts	26.6	ZAR		16.080		(0.004)		(0.1)
	2017	Foreign currency contracts	1.8	EUR		1.083		(0.070)		(0.1)
	2017	Foreign currency contracts	9.3	GBP		1.527		0.088		0.8
	2018	Foreign currency contracts	1.7	EUR		1.105		(0.057)		(0.1)
	2018	Foreign currency contracts	0.2	GBP		1.403		(0.034)		—
									$	7.8

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

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	March 31, 2016		December 31, 2015
Derivative assets:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	84.2	$	114.0
Commodity contracts	Identifiable intangible and other non-current assets		—		7.4
Commodity contracts	Accrued expenses and other current liabilities		0.9		6.3
			85.2		127.7
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net		167.6		241.4
Commodity contracts	Identifiable intangible and other non-current assets		16.8		17.0
Commodity contracts	Accrued expenses and other current liabilities		136.2		120.4
Commodity contracts	Other long-term liabilities		12.0		4.0
Foreign currency contracts	Short-term derivative assets, net		4.5		10.9
Foreign currency contracts	Identifiable intangible and other non-current assets		0.4		0.7
Foreign currency contracts	Accrued expenses and other current liabilities		4.9		0.8
Foreign currency contracts	Other long-term liabilities		0.2		—
			342.7		395.2
		$	427.8	$	522.9

Derivative liabilities:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	74.7	$	95.3
Commodity contracts	Accrued expenses and other current liabilities		1.4		2.9
			76.1		98.2
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net		31.5		26.6
Commodity contracts	Identifiable intangible and other non-current assets		4.2		4.8
Commodity contracts	Accrued expenses and other current liabilities		268.2		319.9
Commodity contracts	Other long-term liabilities		18.5		14.2
Foreign currency contracts	Short-term derivative assets, net		3.4		3.3
Foreign currency contracts	Identifiable intangible and other non-current assets		0.1		—
Foreign currency contracts	Accrued expenses and other current liabilities		8.8		1.7
Foreign currency contracts	Other long-term liabilities		0.1		—
			334.8		370.5
		$	410.9	$	468.7

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
		2016		2015				2016		2015
Three months ended March 31,
Commodity contracts	Revenue	$	88.0	$	—
Commodity contracts	Cost of revenue		(81.9)		4.0	Inventories	Cost of revenue	$	(3.2)	$	(0.5)
		$	6.1	$	4.0			$	(3.2)	$	(0.5)

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) (Effective Portion)		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)				Amount of Gain (Loss) Recognized in Income (Ineffective Portion)
Derivative Instruments		2016		2015			2016		2015		2016		2015
Three Months ended March 31,
Commodity contracts	$	(46.5)	$	—	Revenue	$	(53.8)	$	—	$	(0.1)	$	—
Commodity contracts		44.2		—	Cost of Revenue		54.3		—		2.9		—
Total	$	(2.2)	$	—		$	0.5	$	—	$	2.8	$	—

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


		Realized and Unrealized
Derivatives	Location	Gain (Loss)
		2016		2015

Three months ended March 31,
Commodity contracts	Revenue	$	38.9	$	20.6
Commodity contracts	Cost of revenue		(47.5)		(11.7)
Foreign currency contracts	Revenue		1.9		3.9
Foreign currency contracts	Other income, net		(5.2)		9.2
		$	(11.9)	$	22.0

Schedule of net liability and collateral position for derivative contracts



	Net Liability Position				Collateral		Contingent
	Subject to Collateral Requirements				Posted		Additional Collateral
As of March 31, 2016
Commodity contracts		$	50.0	$	(11.3)	$	38.7

As of December 31, 2015
Commodity contracts		$	63.2	$	(28.1)	$	35.0

- 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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-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41641-113959

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579240-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41620-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Measurements

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

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 March 31, 2016
Assets:
Commodity contracts	$	236.1	$	178.7	$	3.0	$	417.7	$	(278.2)	$	139.5
Foreign currency contracts		—		10.1		—		10.1		(8.7)		1.4
Cash surrender value of life insurance		—		3.3		—		3.3		—		3.3
Total	$	236.1	$	192.1	$	3.0	$	431.1	$	(286.9)	$	144.2
Liabilities:
Commodity contracts	$	279.2	$	119.0	$	0.3	$	398.5	$	(337.2)	$	61.3
Foreign currency contracts		—		12.4		—		12.4		(8.7)		3.7
Total	$	279.2	$	131.4	$	0.3	$	410.9	$	(345.9)	$	65.1

As of December 31, 2015
Assets:
Commodity contracts	$	255.4	$	251.9	$	3.2	$	510.5	$	(279.0)	$	231.5
Foreign currency contracts		—		12.4		—		12.4		(4.1)		8.3
Cash surrender value of life insurance		—		2.4		—		2.4		—		2.4
Total	$	255.4	$	266.7	$	3.2	$	525.3	$	(283.1)	$	242.2
Liabilities:
Commodity contracts	$	340.1	$	123.4	$	0.2	$	463.7	$	(389.6)	$	74.1
Foreign currency contracts		—		5.0		—		5.0		(4.1)		0.9
Inventories		—		14.3		—		14.3		—		14.3
Total	$	340.1	$	142.7	$	0.2	$	483.0	$	(393.7)	$	89.3

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

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
	March 31, 2016		December 31, 2015
Commodity Contracts
Assets:
Short-term derivative assets, net	$	127.5	$	212.6
Identifiable intangible and other non-current assets		12.0		18.9
Total net assets	$	139.5	$	231.5

Liabilities:
Accrued expenses and other current liabilities	$	56.6	$	68.7
Other long-term liabilities		4.7		5.4
Total net liabilities	$	61.3	$	74.1

Foreign Currency Contracts
Assets:
Short-term derivative assets, net	$	1.1	$	7.6
Identifiable intangible and other non-current assets		0.3		0.7
Total net assets	$	1.4	$	8.3

Liabilities:
Accrued expenses and other current liabilities	$	3.9	$	0.9
Other long-term liabilities		(0.1)		—
Total net liabilities	$	3.7	$	0.9

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

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 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 Included in Earnings

Three months ended March 31, 2016
Assets:
Commodity contracts	$	2.8	$	0.2	$	1.4	$	1.3	$	3.0	$	1.3	Revenue
Liabilities:
Commodity contracts	$	0.2	$	0.1	$	—	$	—	$	0.3	$	—	Cost of revenue
Three months ended March 31, 2015
Assets:
Commodity contracts	$	4.2	$	0.8	$	3.7	$	—	$	1.3	$	(0.4)	Revenue
Liabilities:
Commodity contracts	$	1.3	$	0.5	$	0.5	$	—	$	0.3	$	0.8	Cost of revenue

Interest Income, Expense and Other Financing Costs (Tables)

3 Months Ended

Mar. 31, 2016

Interest Income, Expense and Other Financing Costs

Schedule of interest expense and other financing costs, net

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
	March 31,
	2016		2015
Interest income	$	1.3	$	1.2
Interest expense and other financing costs		(8.9)		(8.5)
	$	(7.6)	$	(7.3)

Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

Shareholders' Equity

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


		Foreign				Accumulated
		Currency				Other
		Translation		Derivative		Comprehensive
		Adjustments		Instruments		Loss
Balance as of December 31, 2015	$	(113.8)	$	0.6	$	(113.2)
Other comprehensive income (loss)		2.5		(1.7)		0.8
Less: Net other comprehensive income attributable to noncontrolling interest		1.6		—		1.6
Balance as of March 31, 2016	$	(112.8)	$	(1.1)	$	(113.9)

Balance as of December 31, 2014	$	(60.2)	$	—	$	(60.2)
Other comprehensive loss		(33.8)		—		(33.8)
Less: Net other comprehensive income attributable to noncontrolling interest		2.2		—		2.2
Balance as of March 31, 2015	$	(96.2)	$	—	$	(96.2)

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Income Taxes

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

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
	March 31,
	2016			2015
Income tax provision	$	4.8		$	9.9

Effective income tax rate		8.3	%		15.3	%

Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings per Common Share

Computation of basic and diluted 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
	March 31,
	2016		2015
Numerator:
Net income attributable to World Fuel	$	52.4	$	55.6

Denominator:
Weighted average common shares for basic earnings per common share		69.5		70.7
Effect of dilutive securities		0.5		0.7
Weighted average common shares for diluted earnings per common share		70.0		71.4

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		0.9		0.9

Basic earnings per common share	$	0.75	$	0.79

Diluted earnings per common share	$	0.75	$	0.78

Business Segments (Tables)

3 Months Ended

Mar. 31, 2016

Business Segments

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

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


	For the Three Months ended
	March 31,
	2016		2015
Revenue:
Aviation segment	$	2,221.1	$	2,897.0
Land segment		1,695.0		2,123.0
Marine segment		1,276.5		2,320.7
	$	5,192.6	$	7,340.7

Gross profit:
Aviation segment	$	91.0	$	82.9
Land segment		93.6		78.6
Marine segment		39.2		53.9
	$	223.8	$	215.4

Income from operations:
Aviation segment	$	36.3	$	27.8
Land segment		34.0		31.8
Marine segment		11.4		26.1
		81.7		85.7
Corporate overhead - unallocated		18.4		14.2
	$	63.3	$	71.5

Schedule of accounts receivable, net and total assets by segment

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


	As of
	March 31,		December 31,
	2016		2015
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $5.7 and $6.1 as of March 31, 2016 and December 31, 2015, respectively	$	502.7	$	571.6
Land segment, net of allowance for bad debt of $7.4 and $7.2 as of March 31, 2016 and December 31, 2015, respectively		645.7		629.8
Marine segment, net of allowance for bad debt of $11.1 and $10.6 as of March 31, 2016 and December 31, 2015, respectively		524.7		611.2
	$	1,673.2	$	1,812.6


Total assets:
Aviation segment	$	1,558.3	$	1,546.4
Land segment		1,674.6		1,651.5
Marine segment		1,039.4		1,165.6
Corporate		147.5		185.9
	$	4,419.7	$	4,549.4

Basis of Presentation and Significant Accounting Policies (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2016

Dec. 31, 2015

Assets acquired:

Goodwill

^[1]

$ 680.6

$ 675.8

Acquisitions 2016 | Land Segment

Assets acquired:

Goodwill

2.1

2015 Acquisitions | Land Segment

Goodwill

Increase (decrease) in goodwill

0.1

2014 Acquisitions | Land Segment

Goodwill

Increase (decrease) in goodwill due to foreign currency translation adjustments

(1.8)

2014 Acquisitions | Aviation Segment

Goodwill

Increase (decrease) in goodwill due to foreign currency translation adjustments

1.0

2014 Acquisitions | Marine segment

Goodwill

Increase (decrease) in goodwill due to foreign currency translation adjustments

$ 0.3

[1]	Amounts may not add due to rounding

Acquisitions, Assets and Liabilities Held for Sale (Details)
$ in Millions

3 Months Ended

Mar. 31, 2016

USD ($)

item

Dec. 31, 2015

USD ($)

Current assets held for sale

Current assets held for sale

^[1]

$ 5.7

$ 5.5

Non-current assets held for sale

Non-current assets held for sale

^[1]

33.5

36.5

Current liabilities held for sale

Current liabilities held for sale

^[1]

5.5

5.6

Non-current liabilities held for sale

Non-current liabilities held for sale

^[1]

$ 5.1

$ 5.0

Acquisitions 2016

Acquisitions

Number of airports to be acquired | item

Land Segment | Acquisitions 2016

Acquisitions

Number of businesses acquired | item

[1]	Amounts may not add due to rounding

Derivatives - Fair Value Position (Details) - 3 months ended Mar. 31, 2016 € in Millions, ₨ in Millions, ¥ in Millions, £ in Millions, zł in Millions, kr in Millions, kr in Millions, kr in Millions, bbl in Millions, SFr in Millions, R in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, in Millions	ZAR (R) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $ bbl	SGD ($) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	SEK (kr) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	RON ( ) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	PLN (zł) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	NOK (kr) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	MXN ($) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	JPY (¥) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	INR (₨) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	GBP (£) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	EUR (€) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	DKK (kr) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	COP ($) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	CLP ($) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	CHF (SFr) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	CAD ($) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	AUD ($) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $	USD ($) $ / bbl $ / R $ / $ $ / kr $ / $ / zł $ / kr $ / $ $ / ¥ $ / ₨ $ / £ $ / € $ / kr $ / $ $ / $ $ / SFr $ / $ $ / $
Derivatives designated as hedging instruments \| Fair value hedges
Derivative instruments, at their respective fair value positions
Fair Value Amount																		$ (0.1)
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	2.5
Weighted Average Fixed Price \| $ / bbl	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507	49.507
Weighted Average Mark-to-Market \| $ / bbl	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)	(0.135)
Fair Value Amount																		$ (0.3)
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts \| 2017
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	0.1
Weighted Average Fixed Price \| $ / bbl	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789	51.789
Weighted Average Mark-to-Market \| $ / bbl	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716	4.716
Fair Value Amount																		$ 0.2
Derivatives designated as hedging instruments \| Cash flow hedges.
Derivative instruments, at their respective fair value positions
Fair Value Amount																		$ 9.2
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	24.0
Weighted Average Fixed Price \| $ / bbl	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404	47.404
Weighted Average Mark-to-Market \| $ / bbl	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241	0.241
Fair Value Amount																		$ 5.8
Derivatives designated as hedging instruments \| Cash flow hedges. \| Commodity contracts \| 2017
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	1.5
Weighted Average Fixed Price \| $ / bbl	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575	58.575
Weighted Average Mark-to-Market \| $ / bbl	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274	2.274
Fair Value Amount																		$ 3.4
Derivatives not designated as hedging instruments
Derivative instruments, at their respective fair value positions
Fair Value Amount																		$ 7.8
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	56.0
Weighted Average Fixed Price \| $ / bbl	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915	36.915
Weighted Average Mark-to-Market \| $ / bbl	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)	(9.793)
Fair Value Amount																		$ (548.5)
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2017
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	8.6
Weighted Average Fixed Price \| $ / bbl	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835	22.835
Weighted Average Mark-to-Market \| $ / bbl	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)	(0.239)
Fair Value Amount																		$ (2.1)
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2018
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	2.2
Weighted Average Fixed Price \| $ / bbl	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593	12.593
Weighted Average Mark-to-Market \| $ / bbl	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186	2.186
Fair Value Amount																		$ 4.8
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2019
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	0.1
Weighted Average Fixed Price \| $ / bbl	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912	20.912
Weighted Average Mark-to-Market \| $ / bbl	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210	0.210
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2020
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	0.1
Weighted Average Fixed Price \| $ / bbl	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620	21.620
Weighted Average Mark-to-Market \| $ / bbl	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)	(1.970)
Fair Value Amount																		$ (0.1)
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2021
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price \| $ / bbl	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792	20.792
Weighted Average Mark-to-Market \| $ / bbl	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136	0.136
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	53.3
Weighted Average Fixed Price \| $ / bbl	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926	38.926
Weighted Average Mark-to-Market \| $ / bbl	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374	10.374
Fair Value Amount																		$ 552.5
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2017
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	5.9
Weighted Average Fixed Price \| $ / bbl	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761	29.761
Weighted Average Mark-to-Market \| $ / bbl	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870	0.870
Fair Value Amount																		$ 5.2
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2018
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	1.5
Weighted Average Fixed Price \| $ / bbl	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253	12.253
Weighted Average Mark-to-Market \| $ / bbl	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)	(1.647)
Fair Value Amount																		$ (2.5)
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2019
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	0.1
Weighted Average Fixed Price \| $ / bbl	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907	49.907
Weighted Average Mark-to-Market \| $ / bbl	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084	10.084
Fair Value Amount																		$ 0.1
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	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674	37.674
Weighted Average Mark-to-Market \| $ / bbl	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626	7.626
Fair Value Amount																		$ 0.8
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| AUD \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts																	$ 10.7
Weighted Average Fixed Price \| $ / $	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714	0.714
Weighted Average Mark-to-Market \| $ / $	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)	(0.044)
Fair Value Amount																		$ (0.5)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| CAD \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts																$ 65.5
Weighted Average Fixed Price \| $ / $	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372	1.372
Weighted Average Mark-to-Market \| $ / $	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)
Fair Value Amount																		$ (3.0)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| CHF \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| SFr															SFr 0.3
Weighted Average Fixed Price \| $ / SFr	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005	1.005
Weighted Average Mark-to-Market \| $ / SFr	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)	(0.046)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| CLP \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts														$ 3,869.5
Weighted Average Fixed Price \| $ / $	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730	699.730
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	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Fair Value Amount																		$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| COP \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts													$ 71,005.7
Weighted Average Fixed Price \| $ / $	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082	3,293.082
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	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| DKK \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr												kr 44.2
Weighted Average Fixed Price \| $ / kr	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804	6.804
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)	(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 \| 2016 \| EUR \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €											€ 42.4
Weighted Average Fixed Price \| $ / €	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097	1.097
Weighted Average Mark-to-Market \| $ / €	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)	(0.039)
Fair Value Amount																		$ (1.7)
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 \| £										£ 102.1
Weighted Average Fixed Price \| $ / £	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464	1.464
Weighted Average Mark-to-Market \| $ / £	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033	0.033
Fair Value Amount																		$ 3.3
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| INR \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| ₨									₨ 94.7
Weighted Average Fixed Price \| $ / ₨	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082	68.082
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	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| JPY \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| ¥								¥ 870.1
Weighted Average Fixed Price \| $ / ¥	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852	115.852
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	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Fair Value Amount																		$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| MXN \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts							$ 1,785.8
Weighted Average Fixed Price \| $ / $	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104	18.104
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	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 \| 2016 \| NOK \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr						kr 72.6
Weighted Average Fixed Price \| $ / kr	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712	8.712
Weighted Average Mark-to-Market \| $ / kr	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)
Fair Value Amount																		$ (0.4)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| PLN \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| zł					zł 6.7
Weighted Average Fixed Price \| $ / zł	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002	4.002
Weighted Average Mark-to-Market \| $ / zł	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| RON \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \|				81.3
Weighted Average Fixed Price \| $ /	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128	4.128
Weighted Average Mark-to-Market \| $ /	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)	(0.005)
Fair Value Amount																		$ (0.4)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| SEK \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr			kr 35.5
Weighted Average Fixed Price \| $ / kr	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569	8.569
Weighted Average Mark-to-Market \| $ / kr	0.007	0.007	0.007	0.007	0.007	0.007	0.007	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																		$ 0.2
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| SGD \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts		$ 28.3
Weighted Average Fixed Price \| $ / $	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407	1.407
Weighted Average Mark-to-Market \| $ / $	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)	(0.014)
Fair Value Amount																		$ (0.4)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| ZAR \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| R	R 26.6
Weighted Average Fixed Price \| $ / R	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080	16.080
Weighted Average Mark-to-Market \| $ / R	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)	(0.004)
Fair Value Amount																		$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2017 \| EUR \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €											€ 1.8
Weighted Average Fixed Price \| $ / €	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083	1.083
Weighted Average Mark-to-Market \| $ / €	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)	(0.070)
Fair Value Amount																		$ (0.1)
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 \| £										£ 9.3
Weighted Average Fixed Price \| $ / £	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527	1.527
Weighted Average Mark-to-Market \| $ / £	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088	0.088
Fair Value Amount																		$ 0.8
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2018 \| EUR \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €											€ 1.7
Weighted Average Fixed Price \| $ / €	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105	1.105
Weighted Average Mark-to-Market \| $ / €	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)	(0.057)
Fair Value Amount																		$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2018 \| GBP \| Weighted Average
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £										£ 0.2
Weighted Average Fixed Price \| $ / £	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403	1.403
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)	(0.034)	(0.034)	(0.034)	(0.034)	(0.034)	(0.034)	(0.034)

Derivatives - Balance Sheet Location (Details) - USD ($)
$ in Millions

Mar. 31, 2016

Dec. 31, 2015

Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet

Derivative asset

^[1]

$ 427.8

$ 522.9

Derivative liability

^[1]

410.9

468.7

Derivatives designated as hedging instruments

Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet

Derivative asset

^[1]

85.2

127.7

Derivative liability

^[1]

76.1

98.2

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

^[1]

84.2

114.0

Derivative liability

^[1]

74.7

95.3

Derivatives 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

^[1]

7.4

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]

0.9

6.3

Derivative liability

^[1]

1.4

2.9

Derivatives not designated as hedging instruments

Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet

Derivative asset

^[1]

342.7

395.2

Derivative liability

^[1]

334.8

370.5

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

^[1]

167.6

241.4

Derivative liability

^[1]

31.5

26.6

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

^[1]

16.8

17.0

Derivative liability

^[1]

4.2

4.8

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

^[1]

136.2

120.4

Derivative liability

^[1]

268.2

319.9

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

^[1]

12.0

4.0

Derivative liability

^[1]

18.5

14.2

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

^[1]

4.5

10.9

Derivative liability

^[1]

3.4

3.3

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

^[1]

0.4

0.7

Derivative liability

^[1]

0.1

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

^[1]

4.9

0.8

Derivative liability

^[1]

8.8

$ 1.7

Derivatives not designated as hedging instruments | Foreign currency contracts | Other long-term liabilities

Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet

Derivative asset

^[1]

0.2

Derivative liability

^[1]

$ 0.1

[1]	Amounts may not add due to rounding

Derivatives - Effect on Income (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Dec. 31, 2015

Gain (loss) on derivative

Gains or losses that were excluded from the assessment of the effectiveness of fair value hedges

$ 0

Revenue

Gain (loss) on derivative

Net (losses) gains related to the ineffectiveness between the entity's derivative hedging instruments and hedged items

(100)

Cost of revenue.

Gain (loss) on derivative

Net (losses) gains related to the ineffectiveness between the entity's derivative hedging instruments and hedged items

(2,900)

Commodity contracts

Derivative, credit-risk related contingent features

Net liability position

50,000

$ 63,200

Collateral posted

(11,300)

(28,100)

Contingent additional collateral

38,700

35,000

Cash flow hedges.

Gain (loss) on derivative

Amount of Loss Recognized in Accumulated Other Comprehensive Income (Effective Portion)

^[1]

(2,200)

Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)

^[1]

500

Amount of Gain Recognized in Income (Ineffective Portion)

^[1]

2,800

Cash flow hedges. | Commodity contracts | Revenue

Gain (loss) on derivative

Amount of Loss Recognized in Accumulated Other Comprehensive Income (Effective Portion)

^[1]

(46,500)

Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)

^[1]

(53,800)

Amount of Loss Recognized in Income (Ineffective Portion)

^[1]

(100)

Cash flow hedges. | Commodity contracts | Cost of revenue.

Gain (loss) on derivative

Amount of Gain Recognized in Accumulated Other Comprehensive Income (Effective Portion)

^[1]

44,200

Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)

^[1]

54,300

Amount of Gain Recognized in Income (Ineffective Portion)

^[1]

2,900

Derivatives designated as hedging instruments | Fair value hedges

Gain (loss) on derivative

Realized and Unrealized Gain (Loss) on Hedge

^[1]

6,100

4,000

Realized and Unrealized Gain (Loss) on Hedged Item

^[1]

(3,200)

(500)

Derivatives designated as hedging instruments | Fair value hedges | Commodity contracts | Revenue

Gain (loss) on derivative

Realized and Unrealized Gain (Loss) on Hedge

^[1]

88,000

Derivatives designated as hedging instruments | Fair value hedges | Commodity contracts | Cost of revenue.

Gain (loss) on derivative

Realized and Unrealized Gain (Loss) on Hedge

^[1]

(81,900)

4,000

Realized and Unrealized Gain (Loss) on Hedged Item

^[1]

(3,200)

$ (500)

Derivatives not designated as hedging instruments

Gain (loss) on derivative

Realized and Unrealized Gain (Loss)

^[1]

(11,900)

22,000

Derivatives not designated as hedging instruments | Commodity contracts | Revenue

Gain (loss) on derivative

Realized and Unrealized Gain (Loss)

^[1]

38,900

20,600

Derivatives not designated as hedging instruments | Commodity contracts | Cost of revenue.

Gain (loss) on derivative

Realized and Unrealized Gain (Loss)

^[1]

(47,500)

(11,700)

Derivatives not designated as hedging instruments | Foreign currency contracts | Revenue

Gain (loss) on derivative

Realized and Unrealized Gain (Loss)

^[1]

1,900

3,900

Derivatives not designated as hedging instruments | Foreign currency contracts | Other income (expense), net

Gain (loss) on derivative

Realized and Unrealized Gain (Loss)

^[1]

$ (5,200)

$ 9,200

[1]	Amounts may not add due to rounding

Fair Value Measurements - Assets and Liabilities (Details) - USD ($)
$ in Millions

Mar. 31, 2016

Dec. 31, 2015

Assets and liabilities measured at estimated fair value on a recurring basis

Derivative asset

^[1]

$ 427.8

$ 522.9

Derivative liability

^[1]

410.9

468.7

Total, inventories liability

14.3

Level 1

Assets and liabilities measured at estimated fair value on a recurring basis

Subtotal Assets

236.1

255.4

Subtotal Liabilities

279.2

340.1

Level 2

Assets and liabilities measured at estimated fair value on a recurring basis

Subtotal Assets

192.1

266.7

Inventories liability

14.3

Subtotal Liabilities

131.4

142.7

Assets and liabilities measured at estimated fair value on a nonrecurring basis

Fair value of inventory disposal group

4.5

Level 3

Assets and liabilities measured at estimated fair value on a recurring basis

Subtotal Assets

3.0

3.2

Subtotal Liabilities

0.3

0.2

Assets and liabilities measured at estimated fair value on a nonrecurring basis

Fair value of asset disposal group, excluding inventory

34.7

Fair value of liability disposal group

10.6

Cash surrender value of life insurance

Assets and liabilities measured at estimated fair value on a recurring basis

Investments

3.3

2.4

Cash surrender value of life insurance | Level 2

Assets and liabilities measured at estimated fair value on a recurring basis

Investments

3.3

2.4

Fair value measured on recurring basis

Assets and liabilities measured at estimated fair value on a recurring basis

Subtotal Assets

431.1

525.3

Netting and collateral, asset

(286.9)

(283.1)

Total Assets

144.2

242.2

Inventories liability

14.3

Subtotal Liabilities

410.9

483.0

Netting and collateral, liability

(345.9)

(393.7)

Total Liabilities

65.1

89.3

Fair value measured on recurring basis | Level 3

Assets and liabilities measured at estimated fair value on a recurring basis

Debt

^[2]

805.2

772.2

Notes receivable

6.1

7.4

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

3.3

2.4

Commodity contracts

Assets and liabilities measured at estimated fair value on a recurring basis

Total, derivative asset

^[2]

139.5

231.5

Total, derivative liability

^[2]

61.3

74.1

Commodity contracts | Level 1

Assets and liabilities measured at estimated fair value on a recurring basis

Derivative asset

236.1

255.4

Derivative liability

279.2

340.1

Commodity contracts | Level 2

Assets and liabilities measured at estimated fair value on a recurring basis

Derivative asset

178.7

251.9

Derivative liability

119.0

123.4

Commodity contracts | Level 3

Assets and liabilities measured at estimated fair value on a recurring basis

Derivative asset

3.0

3.2

Derivative liability

0.3

0.2

Commodity contracts | Fair value measured on recurring basis

Assets and liabilities measured at estimated fair value on a recurring basis

Derivative asset

417.7

510.5

Netting and collateral, derivative asset

(278.2)

(279.0)

Total, derivative asset

139.5

231.5

Derivative liability

398.5

463.7

Netting and collateral, derivative liability

(337.2)

(389.6)

Total, derivative liability

61.3

74.1

Foreign currency contracts

Assets and liabilities measured at estimated fair value on a recurring basis

Total, derivative asset

^[2]

1.4

8.3

Total, derivative liability

^[2]

3.7

0.9

Foreign currency contracts | Level 2

Assets and liabilities measured at estimated fair value on a recurring basis

Derivative asset

10.1

12.4

Derivative liability

12.4

5.0

Foreign currency contracts | Fair value measured on recurring basis

Assets and liabilities measured at estimated fair value on a recurring basis

Derivative asset

10.1

12.4

Netting and collateral, derivative asset

(8.7)

(4.1)

Total, derivative asset

1.4

8.3

Derivative liability

12.4

5.0

Netting and collateral, derivative liability

(8.7)

(4.1)

Total, derivative liability

$ 3.7

$ 0.9

[1]	Amounts may not add due to rounding
[2]	Amounts may not add due to rounding

Fair Value Measurements - Commodity and Foreign Currency Contracts (Details) - USD ($)
$ in Millions

Mar. 31, 2016

Dec. 31, 2015

Fair value measurement, additional disclosure

Cash collateral deposits held by financial counterparties

$ 113.7

$ 174.6

Cash collateral deposits held by financial counterparties, offset against liabilities

77.7

132.2

Cash collateral deposits held by financial counterparties, not offset

36.0

42.4

Cash collateral received from customers

18.7

21.6

Commodity contracts

Derivative instruments, at their respective fair value positions

Total net assets

^[1]

139.5

231.5

Total net liabilities

^[1]

61.3

74.1

Commodity contracts | Short-term derivative assets, net

Derivative instruments, at their respective fair value positions

Total net assets

^[1]

127.5

212.6

Commodity contracts | Identifiable intangible and other non-current assets

Derivative instruments, at their respective fair value positions

Total net assets

^[1]

12.0

18.9

Commodity contracts | Accrued expenses and other current liabilities

Derivative instruments, at their respective fair value positions

Total net liabilities

^[1]

56.6

68.7

Commodity contracts | Other long-term liabilities

Derivative instruments, at their respective fair value positions

Total net liabilities

^[1]

4.7

5.4

Foreign currency contracts

Derivative instruments, at their respective fair value positions

Total net assets

^[1]

1.4

8.3

Total net liabilities

^[1]

3.7

0.9

Foreign currency contracts | Short-term derivative assets, net

Derivative instruments, at their respective fair value positions

Total net liabilities

^[1]

1.1

7.6

Foreign currency contracts | Identifiable intangible and other non-current assets

Derivative instruments, at their respective fair value positions

Total net assets

^[1]

0.3

0.7

Foreign currency contracts | Accrued expenses and other current liabilities

Derivative instruments, at their respective fair value positions

Total net liabilities

^[1]

3.9

$ 0.9

Foreign currency contracts | Other long-term liabilities

Derivative instruments, at their respective fair value positions

Total net liabilities

^[1]

$ (0.1)

[1]	Amounts may not add due to rounding

Fair Value Measurements - Level 3 Inputs (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2016

Mar. 31, 2015

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

Transfer of assets from Level 2 to Level 1

0.0

Transfer of liabilities from Level 1 to Level 2

0.0

Transfer of liabilities from Level 2 to Level 1

0.0

Commodity contracts | Revenue

Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs

Beginning of Period

^[1]

2.8

4.2

Total Gains (Losses) Included in Earnings

^[1]

0.2

0.8

Settlements

^[1]

1.4

3.7

Transfers into Level 3

^[1]

1.3

End of Period

^[1]

3.0

1.3

Change in Unrealized Gains Relating to Assets (Liabilities) that are Held at end of Period

^[1]

1.3

(0.4)

Commodity contracts | Cost of revenue.

Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs

Beginning of Period

^[1]

0.2

1.3

Total Gains (Losses) Included in Earnings

^[1]

0.1

0.5

Settlements

^[1]

0.5

End of Period

^[1]

$ 0.3

0.3

Change in Unrealized Gains Relating to Assets (Liabilities) that are Held at end of Period

^[1]

$ 0.8

[1]	Amounts may not add due to rounding

Interest Income, Expense and Other Financing Costs (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Interest Income, Expense and Other Financing Costs

Interest income

^[1]

$ 1.3

$ 1.2

Interest expense and other financing costs

^[1]

(8.9)

(8.5)

Interest expense and other financing costs, net

^[1]

$ (7.6)

$ (7.3)

[1]	Amounts may not add due to rounding

Shareholders' Equity (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Other Comprehensive (Loss) Income

Balance at the beginning of the period

$ (113.2)

^[1]

$ (60.2)

^[2]

Other comprehensive loss

0.8

^[2]

(33.8)

^[1]

Less Net other comprehensive income attributable to noncontrolling interest

^[2]

1.6

2.2

Balance at the end of the period

(113.9)

^[1]

(96.2)

^[2]

Foreign Currency Translation Adjustments

Other Comprehensive (Loss) Income

Balance at the beginning of the period

^[2]

(113.8)

(60.2)

Other comprehensive loss

^[2]

2.5

(33.8)

Less Net other comprehensive income attributable to noncontrolling interest

^[2]

1.6

2.2

Balance at the end of the period

^[2]

(112.8)

$ (96.2)

Derivative Instruments

Other Comprehensive (Loss) Income

Balance at the beginning of the period

^[2]

0.6

Other comprehensive loss

^[2]

(1.7)

Balance at the end of the period

^[2]

$ (1.1)

[1]	Amounts may not add due to rounding
[2]	Amounts may not add due to rounding

- 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

Mar. 31, 2016

Mar. 31, 2015

Income tax provision

^[1]

$ 4.8

$ 9.9

Effective income tax rate (as a percent)

8.30%

15.30%

Income tax benefit due to change in estimate related to uncertain tax position

$ (4.0)

Decrease in foreign income taxes due to special income tax concession

$ 0.6

$ 2.3

Impact of income tax concession on basic earnings per common share (in dollars per share)

$ 0.01

$ 0.03

Impact of income tax concession on diluted earnings per common share (in dollars per share)

$ 0.01

$ 0.03

Without income tax benefit adjustment

Effective income tax rate (as a percent)

15.40%

[1]	Amounts may not add due to rounding

Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Numerator:

Net income attributable to World Fuel

^[1]

$ 52.4

$ 55.6

Denominator:

Weighted average common shares for basic earnings per common share

^[1]

69.5

70.7

Effect of dilutive securities (in shares)

^[1]

0.5

0.7

Weighted average common shares for diluted earnings per common share

^[1]

70.0

71.4

Weighted average securities which are not included in the calculation of diluted earnings per common share (in shares)

^[1]

0.9

Basic earnings per common share (in dollars per share)

^[1]

$ 0.75

$ 0.79

Diluted earnings per common share (in dollars per share)

^[1]

$ 0.75

$ 0.78

[1]	Amounts may not add due to rounding

- 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

Commitments and Contingencies - Other Matters (Details) $ in Millions	Mar. 31, 2016 USD ($)
Commitments and Contingencies
Estimated amount recoverable due to theft of fuel product	$ 18.0

Commitments and Contingencies - Employment Agreements (Details) $ in Millions	1 Months Ended
	Mar. 31, 2015 USD ($)
Commitments and Contingencies
Charges in connection with termination of employment agreement	$ 3.8
Non-cash expenses related to stock award compensation	$ 0.8