View Filing Data

^[1]

$ 872.3

$ 582.5

$ 609.6

$ 302.3

^[1]

2,062.6

1,812.6

^[1]

484.5

359.1

^[1]

57.6

57.9

^[1]

34.4

220.4

^[1]

241.2

208.0

^[1]

0.0

5.5

^[1]

3,752.5

3,246.0

^[1]

260.3

225.6

Identifiable intangible and other non-current assets

^[1]

720.0

675.8

^[1]

419.7

341.4

^[1]

0.0

36.5

^[1]

5,152.5

4,525.3

28.8

^[1]

25.5

^[1]

25.5

^[1]

1,558.6

1,349.6

^[1]

106.5

118.3

^[1]

254.3

255.2

^[1]

0.0

5.6

^[1]

1,948.2

1,754.2

1,110.1

^[1]

746.7

^[1]

746.7

^[1]

86.0

87.7

^[1]

31.4

25.8

^[1]

0.0

5.0

^[1]

3,175.7

2,619.4

^[1]

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

^[1]

0.0

Common stock, $0.01 par value; 100 shares authorized, 70.4 and 70.8 issued and outstanding as of September 30, 2016 and December 31, 2015, respectively

^[1]

0.7

^[1]

418.0

435.3

^[1]

1,681.2

1,569.4

^[1]

(138.3)

(109.5)

^[1]

1,961.6

1,895.9

^[1]

15.2

10.0

^[1]

1,976.8

1,905.9

$ 1,864.4

$ 1,859.4

Statement of Financial Position [Abstract]

^[1]

$ 5,152.5

$ 4,525.3

[1]	Amounts may not add due to rounding

Consolidated Balance Sheets (Parenthetical) - $ / shares

Sep. 30, 2016

Dec. 31, 2015

Preferred stock, par value (in dollars per share)

$ 1

Preferred stock, shares authorized (in shares)

100,000

Preferred stock, shares issued (in shares)

Common stock, par value (in dollars per share)

$ 0.01

Common stock, shares authorized (in shares)

100,000,000

Common stock, shares issued (in shares)

^[1]

70,400,000

70,800,000

Common stock, shares outstanding (in shares)

^[1]

70,400,000

70,800,000

[1]	Amounts may not add due to rounding

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

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Income Statement [Abstract]

Revenue

^[1]

$ 7,399.8

$ 7,810.7

$ 19,223.6

$ 23,647.8

^[1]

7,163.1

7,584.0

18,546.9

23,017.1

^[1]

236.7

226.7

676.7

630.7

^[1]

106.6

94.2

306.2

270.3

^[1]

1.5

1.6

5.4

5.2

^[1]

70.3

64.5

200.2

179.6

^[1]

178.4

160.3

511.9

455.1

^[1]

58.2

66.4

164.8

175.6

^[1]

(10.3)

(7.9)

(26.0)

(21.5)

Other income, net

^[1]

0.5

1.9

1.2

0.5

^[1]

(9.8)

(6.0)

(24.8)

(21.0)

^[1]

48.4

60.4

140.1

154.6

^[1]

5.4

17.7

15.7

33.6

Net income (loss) attributable to noncontrolling interest

^[1]

43.0

42.7

124.4

121.0

^[1]

0.3

(1.0)

0.1

(3.5)

Basic earnings per common share (in dollars per share)

^[1]

$ 42.7

$ 43.7

$ 124.3

$ 124.5

^[1]

$ 0.62

$ 1.79

$ 1.77

Basic weighted average common shares (in shares)

^[1]

69.1

70.0

69.4

70.5

Diluted earnings per common share (in dollars per share)

^[1]

$ 0.61

$ 0.62

$ 1.78

$ 1.75

Diluted weighted average common shares (in shares)

^[1]

69.5

70.3

69.9

71.0

^[1]

$ 43.0

$ 42.7

$ 124.4

$ 121.0

Derivative instruments, net of income tax benefit of $4.8 and $1.7 for the three and nine months ended September 30, 2016, respectively

^[1]

(14.6)

(27.4)

(27.9)

(38.0)

^[1]

(7.7)

(1.1)

(2.8)

(1.1)

Comprehensive income including noncontrolling interest

^[1]

(22.4)

(28.5)

(30.7)

(39.1)

^[1]

20.7

14.2

93.7

81.9

Comprehensive income (loss) attributable to noncontrolling interest

^[1]

1.4

(1.2)

1.9

(1.2)

Balance as of beginning of period at Dec. 31, 2014

^[1]

$ 19.3

$ 15.4

$ 91.9

$ 83.1

[1]	Amounts may not add due to rounding

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Derivative instruments, income tax benefit	$ 4.8	$ 0.7	$ 1.7	$ 0.7

Consolidated Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions

Total

Common Stock

Capital in Excess of Par Value

Retained Earnings

Accumulated Other Comprehensive Loss

Total World Fuel Shareholders' Equity

Noncontrolling Interest Equity

^[1]

$ 1,859.4

$ 0.7

$ 496.4

$ 1,412.0

$ (59.2)

$ 1,849.9

$ 9.5

Balance (in shares) at Dec. 31, 2014

^[1]

72.1

Increase (Decrease) in Shareholders' Equity

Net income

^[1]

121.0

124.5

(3.6)

Cash dividends declared

^[1]

(12.6)

Investment by noncontrolling interest

^[1]

0.5

Distribution of noncontrolling interest

^[1]

(0.3)

Amortization of share-based payment awards

^[1]

13.0

Issuance of common stock related to share-based payment awards (including income tax benefit of $1.6 million in 2016) (in shares)

^[1]

0.3

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

^[1]

(6.8)

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

^[1]

(0.1)

Purchases of common stock

^[1]

(70.5)

Purchases of common stock (in shares)

^[1]

(1.6)

Other comprehensive (loss) income

^[1]

(39.1)

(43.8)

4.6

Other

^[1]

0.0

(0.1)

0.1

Balance as of end of period at Sep. 30, 2015

^[1]

1,864.4

$ 0.7

431.9

1,523.9

(103.0)

1,853.5

10.9

Balance (in shares) at Sep. 30, 2015

^[1]

70.8

Balance as of beginning of period at Dec. 31, 2015

^[1]

$ 1,905.9

$ 0.7

435.3

1,569.4

(109.5)

1,895.9

10.0

Balance (in shares) at Dec. 31, 2015

^[1]

70.8

Increase (Decrease) in Shareholders' Equity

Net income

^[1]

$ 124.4

124.3

0.1

Cash dividends declared

^[1]

(12.5)

Distribution of noncontrolling interest

^[1]

(0.2)

Amortization of share-based payment awards

^[1]

14.5

Issuance of common stock related to share-based payment awards (including income tax benefit of $1.6 million in 2016)

^[1]

1.6

Issuance of common stock related to share-based payment awards (including income tax benefit of $1.6 million in 2016) (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]

(4.2)

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

^[1]

(0.1)

Purchases of common stock

^[1]

(18.4)

Purchases of common stock (in shares)

^[1]

(0.4)

Acquisition of remaining 49% equity interest

^[2]

(3.7)

(10.9)

7.2

Other comprehensive (loss) income

^[1]

(30.7)

(28.9)

(1.8)

Balance as of end of period at Sep. 30, 2016

^[1]

$ 1,976.8

$ 0.7

$ 418.0

$ 1,681.2

$ (138.3)

$ 1,961.6

$ 15.2

Balance (in shares) at Sep. 30, 2016

^[1]

70.4

[1]	Amounts may not add due to rounding
[2]	Relates to Tobras. See Note 3. Acquisitions, Asset and Liabilities Held for Sale.

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

9 Months Ended

Sep. 30, 2016

USD ($)

^[1]

Statement of Stockholders' Equity [Abstract]

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

$ 1.6

Previous percentage ownership of noncontrolling owners

49.00%

^[2]

[1]	Amounts may not add due to rounding
[2]	Relates to Tobras. See Note 3. Acquisitions, Asset and Liabilities Held for Sale.

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

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Cash flows from operating activities:

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

^[1]

$ 124.4

$ 121.0

Depreciation and amortization

^[1]

58.4

47.0

Gain on sale of held for sale assets and liabilities

^[1]

5.4

5.2

^[1]

(3.8)

0.0

Share-based payment award compensation costs

^[1]

14.5

13.2

Deferred income tax provision (benefit)

^[1]

(14.5)

6.9

Extinguishment of liabilities, net

^[1]

(5.2)

(6.9)

Foreign currency losses, net

^[1]

(18.3)

4.0

Other

^[1]

2.6

2.3

Changes in assets and liabilities, net of acquisitions:

^[1]

(212.3)

261.9

^[1]

(89.3)

22.6

^[1]

(0.2)

(9.9)

^[1]

192.5

119.0

Cash collateral with financial counterparties

^[1]

(30.4)

(115.6)

^[1]

128.8

93.9

Other non-current assets

^[1]

13.6

3.2

^[1]

213.2

(213.4)

^[1]

(10.5)

(14.5)

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

^[1]

(144.5)

(19.2)

^[1]

(4.0)

4.7

Total adjustments

^[1]

95.9

204.3

Net cash provided by operating activities

^[1]

220.3

325.2

Cash flows from investing activities:

Acquisition of businesses, net of cash acquired and other investments

^[1]

(266.4)

(82.0)

Proceeds from sale of business

^[1]

29.3

0.0

Capital expenditures

^[1]

(28.9)

(36.4)

Other investing activities, net

^[1]

6.9

4.4

Net cash (used in) investing activities

^[1]

(259.2)

(114.0)

Cash flows from financing activities:

Borrowings of debt

^[1]

2,810.6

4,169.0

Repayments of debt

^[1]

(2,451.1)

(3,977.6)

Payments of senior revolving credit facility and senior term loan facility loan costs

^[1]

0.0

(3.4)

Dividends paid on common stock

^[1]

(12.5)

(11.1)

Purchases of common stock

^[1]

(18.4)

(70.5)

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

^[1]

1.6

0.0

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

^[1]

(4.2)

(6.8)

Other financing activities, net

^[1]

(0.2)

0.2

Net cash provided by financing activities

^[1]

325.7

99.9

Effect of exchange rate changes on cash and cash equivalents

^[1]

3.0

(3.8)

Net increase in cash and cash equivalents

^[1]

289.9

307.3

Cash and cash equivalents, as of beginning of period

^[1]

582.5

302.3

Cash and cash equivalents, as of end of period

^[1]

$ 872.3

$ 609.6

[1]	Amounts may not add due to rounding

Consolidated Statements of Cash Flows (Parenthetical)
$ in Millions

9 Months Ended

Jun. 22, 2016

USD ($)

promissory_note

Sep. 30, 2016

USD ($)

Sep. 30, 2015

USD ($)

Supplemental Schedule of Noncash Investing and Financing Activities

Cash dividends declared, but not yet paid

$ 4.2

Previous percentage ownership of noncontrolling owners

49.00%

^[1],[2]

Settlement of promissory notes

$ 17.7

Assets acquired, net of cash

^[1]

$ 321.6

100.1

Liabilities assumed

^[1]

$ 59.2

$ 22.3

Tobras | Disposal Group, Held-for-sale, Not Discontinued Operations

Supplemental Schedule of Noncash Investing and Financing Activities

Number of promissory notes settled in acquisition item | promissory_note

[1]	Amounts may not add due to rounding
[2]	Relates to Tobras. See Note 3. Acquisitions, Asset and Liabilities Held for Sale.

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	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. As further discussed in Note 2, certain 2015 amounts contained in this 10-Q Report have been updated to reflect corrections to our previously issued financial statements. In the opinion of management, all adjustments necessary for a fair statement 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, and as updated in our 10-Q Report for the quarter ended March 31, 2016, “Item 2. Management’s Discussion and Analysis of Financial Condition”. 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. Going Concern: In August 2014, the FASB issued an ASU 2014-15, Presentation of Financial Statements-Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management of the Company to evaluate whether there is substantial doubt about the Company’s ability to continue as a going concern. This update is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. We do not believe the adoption of this new guidance will have an impact on our financial statement disclosures. Compensation - Stock Compensation: Accounting for Share-Based Payments when the Terms of an Award Provide that a Performance Target could be Achieved after the Requisite Service Period. In June 2014, the FASB issued an ASU which includes guidance that requires a performance target that affects vesting and that could be achieved after the requisite service period to be treated as a performance condition. This update 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.

Correction of Previously Issued Financial Information

9 Months Ended

Sep. 30, 2016

Accounting Changes and Error Corrections [Abstract]

Correction of Previously Issued Financial Information

During the second quarter of 2016, we identified a correction to our provision for income taxes for certain prior periods, due to the accounting for the tax effects of foreign currency translation changes on intercompany loans that are considered to be of a long-term investment nature. The Company determined that it had incorrectly applied the accounting guidance in ASC 740, Income Taxes and recorded a deferred tax asset related to foreign currency translation losses in the provision for income taxes, resulting in the Company reporting a lower provision for income taxes in the periods that were impacted.

In accordance with Staff Accounting Bulletin (“SAB”) No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, management evaluated the materiality of the error from qualitative and quantitative perspectives, and concluded the error was not material to its previously issued annual and interim financial statements. The cumulative amounts of the corrections were approximately $20.0 million, of which approximately $12.5 million was attributable to the year ended December 31, 2015. The cumulative amount of the prior period adjustments would have been material to our Statement of Income and Comprehensive Income for the quarter ended June 30, 2016, had we made the correction in that period. Accordingly, we have revised our previously issued financial statements prospectively to correct these errors.

The corrections associated with the provision for income taxes line items as well as other immaterial adjustments are reflected in this 10-Q Report for all periods presented and those corrections will be reflected in our future fillings.

The following table presents the effect of the correction on the previously reported consolidated balance sheet as of December 31, 2015 and the statements of income and comprehensive income for the three and nine months ended September 30, 2015:

Consolidated Balance Sheets

(Unaudited - In millions, except per share data)



	As of December 31, 2015
	As Reported			Adjustment		Revised
Assets:
Current assets:
Cash and cash equivalents	$	582.5		—		$	582.5
Accounts receivable, net	1,812.6			—		1,812.6
Inventories	359.1			—		359.1
Prepaid expenses	57.9			—		57.9
Short-term derivative assets, net	227.2			(6.8	)	220.4
Other current assets	209.8			(1.8	)	208.0
Current assets held for sale	5.5			—		5.5
Total current assets	3,254.6			(8.6	)	3,246.0

Property and equipment, net	225.6			—		225.6
Goodwill	675.8			—		675.8
Identifiable intangible and other non-current assets	356.9			(15.5	)	341.4
Non-current assets held for sale	36.5			—		36.5
Total assets	$	4,549.4		(24.1	)	$	4,525.3

Liabilities:
Current liabilities:
Short-term debt	$	25.5		—		$	25.5
Accounts payable	1,349.6			—		1,349.6
Customer deposits	118.3			—		118.3
Accrued expenses and other current liabilities	263.8			(8.6	)	255.2
Current liabilities held for sale	5.6			—		5.6
Total current liabilities	1,762.8			(8.6	)	1,754.2

Long-term debt	746.7			—		746.7
Non-current income tax liabilities, net	87.7			—		87.7
Other long-term liabilities	25.8			—		25.8
Non-current liabilities held for sale	5.0			—		5.0
Total liabilities	$	2,628.0		(8.6	)	$	2,619.4

Commitments and contingencies

Equity:
World Fuel shareholders' equity:
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued	—			—		—
Common stock, $0.01 par value; 100 shares authorized, 70.8 issued and outstanding as of December 31, 2015	0.7			—		0.7
Capital in excess of par value	435.3			—		435.3
Retained earnings	1,588.6			(19.2	)	1,569.4
Accumulated other comprehensive loss	(113.2		)	3.7		(109.5		)
Total World Fuel shareholders' equity	1,911.4			(15.5	)	1,895.9
Noncontrolling interest equity	10.0			—		10.0
Total equity	1,921.4			(15.5	)	1,905.9
Total liabilities and equity	$	4,549.4		(24.1	)	$	4,525.3

Consolidated Statement of Income and Comprehensive Income

(Unaudited - In millions, except per share data)



	For the Three Months Ended								For the Nine Months Ended
	September 30, 2015								September 30, 2015
	As Reported			Adjustment		Revised			As Reported			Adjustment		Revised
Revenue	$	7,810.7		—		$	7,810.7		$	23,647.8		—		$	23,647.8
Cost of revenue	7,584.0			—		7,584.0			23,015.2			1.9		23,017.1
Gross profit	226.7			—		226.7			632.6			(1.9	)	630.7
Operating expenses:
Compensation and employee benefits	94.2			—		94.2			270.5			(0.2	)	270.3
Provision for bad debt	1.6			—		1.6			5.2			—		5.2
General and administrative	64.5			—		64.5			177.6			2.0		179.6
	160.3			—		160.3			453.3			1.8		455.1
Income from operations	66.4			—		66.4			179.3			(3.7	)	175.6
Non-operating expenses, net:
Interest expense and other financing costs, net	(7.9		)	—		(7.9		)	(21.5		)	—		(21.5		)
Other income, net	1.9			—		1.9			0.5			—		0.5
	(6.0		)	—		(6.0		)	(21.0		)	—		(21.0		)
Income before income taxes	60.4			—		60.4			158.3			(3.7	)	154.6
Provision for income taxes	11.8			5.9		17.7			26.8			6.8		33.6
Net income including noncontrolling interest	48.6			(5.9	)	42.7			131.5			(10.5	)	121.0
Net (loss) attributable to noncontrolling interest	(1.0		)	—		(1.0		)	(3.6		)	0.1		(3.5		)
Net income attributable to World Fuel	$	49.6		(5.9	)	$	43.7		$	135.1		(10.6	)	$	124.5

Basic earnings per common share	$	0.71		(0.09	)	$	0.62		$	1.92		(0.15	)	$	1.77

Basic weighted average common shares	70.0			—		70.0			70.5			—		70.5

Diluted earnings per common share	$	0.71		(0.09	)	$	0.62		$	1.90		(0.15	)	$	1.75

Diluted weighted average common shares	70.3			—		70.3			71.0			—		71.0

Comprehensive income:
Net income including noncontrolling interest	$	48.6		(5.9	)	$	42.7		$	131.5		(10.5	)	$	121.0
Other comprehensive income (loss):
Foreign currency translation adjustments	(31.0		)	3.6		(27.4		)	(42.8		)	4.8		(38.0		)
Derivative instruments, net of income tax benefit of $0.7 for the three and nine months ended September 30, 2015, respectively	(1.1		)	—		(1.1		)	(1.1		)	—		(1.1		)
	(32.1		)	3.6		(28.5		)	(43.9		)	4.8		(39.1		)
Comprehensive income including noncontrolling interest	16.5			(2.3	)	14.2			87.6			(5.7	)	81.9
Comprehensive income (loss) attributable to noncontrolling interest	1.1			(2.3	)	(1.2		)	1.0			(2.2	)	(1.2		)
Comprehensive income attributable to World Fuel	$	15.4		—		$	15.4		$	86.6		(3.5	)	$	83.1

Acquisitions, Assets and Liabilities Held for Sale

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References + Details

Acquisitions, Assets and Liabilities Held for Sale

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

2016 Acquisitions

On July 1, 2016, we completed the acquisition of all of the outstanding capital stock of PAPCO, Inc. (“PAPCO”) and Associated Petroleum Products, Inc (“APP”). PAPCO, headquartered in Virginia Beach, VA and APP, headquartered in Tacoma, WA are leading distributors of gasoline, diesel, lubricants, propane and related services in the Mid-Atlantic and the Pacific Northwest region of the United States, respectively. These acquisitions combined with the Company’s existing land segment operations, will serve to further enhance our commercial and industrial platforms to deliver value-added solutions to customers across the United States.

In addition to the above acquisitions, we completed five acquisitions in our land segment in the first nine months of 2016 which were not significant individually or in the aggregate.

The following table summarizes the aggregate consideration paid for all 2016 acquisitions and the provisional amounts of the assets acquired and liabilities assumed recognized at the acquisition date. The Company is in the process of finalizing the valuations of certain acquired assets and assumed liabilities; thus, the provisional measurements of these acquired assets and assumed liabilities are subject to change and will be finalized no later than one year from the acquisition date.



	Total
Cash paid for acquisition of businesses	$	247.9
Amounts due to sellers	14.5
Estimated purchase price	$	262.4

Assets acquired:
Accounts and notes receivable	$	60.4
Inventories	33.7
Property and equipment	44.2
Goodwill and identifiable intangible assets	172.0
Other current and long-term assets	11.2

Liabilities assumed:
Accounts payable	(33.0		)
Accrued expenses and other current liabilities	(25.9		)
Long-term liabilities and deferred tax liabilities	(0.3		)
Estimated purchase price	$	262.4

All of the goodwill was assigned to the land segment and is attributable primarily to the expected synergies and other benefits that we believe will result from combining the operations of PAPCO and APP with the operations of World Fuel Services' land segment. The identifiable intangible assets consists of customer relationships and other identifiable intangible assets.

The following presents the unaudited pro forma results for 2016 and 2015 as if 2016 acquisitions had been completed on January 1, 2015:



	Unaudited Supplemental Pro Forma Consolidated Results
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions, except per share data)	2016		2015		2016		2015
Revenues	$	7,399.8	$	8,315.4	$	19,797.6	$	25,202.0
Net income attributable to World Fuel	42.7		49.2		133.2		142.3

Earnings per common share:
Basic earnings per common share	$	0.62	$	0.70	$	1.92	$	2.02
Diluted earnings per common share	$	0.61	$	0.70	$	1.91	$	2.00

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 and nine months ended September 30, 2016.

Tobras Distribuidora de Combustiveis Limitada (“Tobras”)

On June 23, 2016, we acquired the remaining 49% of the outstanding equity interest of Tobras Distribuidora de Combustiveis Limitada (“Tobras”) from the minority owners for an aggregate purchase price of approximately $3.7 million in cash (the “Tobras Acquisition”). Prior to the Tobras Acquisition, we owned 51% of the outstanding shares of Tobras and exercised control, and as such, we consolidated Tobras in our financial statements. As a result of the acquisition of the remaining equity interest of Tobras, we recorded a $10.9 million adjustment to capital in excess of par value on our consolidated balance sheets, which consisted of $3.7 million of cash paid and $7.2 million of non-controlling interest equity.

ExxonMobil

In the first quarter of 2016, we signed a definitive agreement to acquire from certain ExxonMobil affiliates their aviation fueling operations at more than 80 airport locations in Canada, the United Kingdom, Germany, Italy, France, Australia and New Zealand. The total purchase price is approximately $260 million and is expected to be fully funded with cash on hand. The transaction will close in phases and we expect to complete the Canada, France and U.K. locations during the fourth quarter of 2016. The remaining locations are expected to be completed during the first half of 2017. The transaction is subject to customary regulatory consents and closing conditions, including securing third party consents.

2015 Acquisitions

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

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

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



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(In millions, except per share data)	2015		2015
Revenues	$	7,948.7	$	24,071.1
Net income attributable to World Fuel	52.0		139.9

Earnings per common share:
Basic earnings per common share	$	0.74	$	1.98
Diluted earnings per common share	$	0.74	$	1.97

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. On May 1, 2016, we completed the sale of Pester’s retail business for $32.3 million, resulting in a gain of $3.8 million, which is included in other income, net in the consolidated statements of income and comprehensive income.

Derivatives

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 September 30, 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):



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

Fair Value Hedge	2016	Commodity contracts for inventory hedging	2.2	BBL	$	58.523	$	(3.491	)	$	(7.8	)
										$	(7.8	)

Fair Value Hedge	2016	Commodity contracts for firm commitment hedging	0.3	BBL	$	57.448	$	7.489		$	1.9
	2017	Commodity contracts for firm commitment hedging	0.5	BBL	59.095		7.346			3.6
										$	5.5

Cash Flow Hedge	2016	Commodity contracts for inventory hedging	6.7	BBL	$	52.523	$	(0.480	)	$	(3.2	)
	2017	Commodity contracts for inventory hedging	1.6	BBL	59.604		(6.731		)	(11.0		)
										$	(14.3	)

Non-Designated	2016	Commodity contracts (long)	33.4	BBL	$	34.940	$	(3.061	)	$	(102.3	)
	2016	Commodity contracts (short)	33.7	BBL	34.464		2.726			92.0
	2017	Commodity contracts (long)	26.8	BBL	29.038		2.151			57.6
	2017	Commodity contracts (short)	23.0	BBL	33.297		(2.109		)	(48.5		)
	2018	Commodity contracts (long)	5.1	BBL	18.332		1.427			7.3
	2018	Commodity contracts (short)	4.3	BBL	19.216		(0.806		)	(3.4		)
	2019	Commodity contracts (long)	0.8	BBL	17.327		0.299			0.2
	2019	Commodity contracts (short)	0.6	BBL	25.329		0.614			0.4
	2020	Commodity contracts (long)	0.4	BBL	32.226		0.285			0.1
	2020	Commodity contracts (short)	0.5	BBL	28.724		0.909			0.4
	2021	Commodity contracts (long)	0.7	BBL	18.987		1.320			1.0
	2021	Commodity contracts (short)	0.8	BBL	17.155		(1.129		)	(1.0		)
	2022	Commodity contracts (long)	0.7	BBL	—		1.634			1.2
	2022	Commodity contracts (short)	0.8	BBL	18.006		(1.404		)	(1.2		)
	2023	Commodity contracts (long)	0.7	BBL	—		1.973			1.5
	2023	Commodity contracts (short)	0.8	BBL	18.916		(1.701		)	(1.4		)
	2016	Foreign currency contracts (long)	8.0	AED	3.676		—			—
	2016	Foreign currency contracts (long)	8.3	AUD	0.752		(0.024		)	(0.2		)
	2016	Foreign currency contracts (long)	0.3	BRL	3.308		(0.003		)	—



2016	Foreign currency contracts (long)	76.4	CAD	1.304	0.002		0.2
2016	Foreign currency contracts (long)	0.8	CHF	0.970	(0.009	)	—
2016	Foreign currency contracts (long)	3,098.0	CLP	665.565	—		(0.1		)
2016	Foreign currency contracts (long)	60,727.0	COP	2,979.994	—		(0.3		)
2016	Foreign currency contracts (long)	111.2	DKK	6.651	(0.001	)	(0.1		)
2016	Foreign currency contracts (long)	95.6	EUR	1.120	(0.006	)	(0.6		)
2016	Foreign currency contracts (long)	139.1	GBP	1.342	0.025		3.4
2016	Foreign currency contracts (long)	97.0	INR	68.091	(0.001	)	(0.1		)
2016	Foreign currency contracts (long)	402.7	JPY	102.369	—		—
2016	Foreign currency contracts (long)	6,050.0	KRW	1,099.520	—		—
2016	Foreign currency contracts (long)	2,975.6	MXN	18.876	—		(0.2		)
2016	Foreign currency contracts (long)	117.8	NOK	8.297	(0.003	)	(0.4		)
2016	Foreign currency contracts (long)	4.7	NZD	0.723	(0.010	)	—
2016	Foreign currency contracts (long)	24.8	PLN	3.875	(0.003	)	(0.1		)
2016	Foreign currency contracts (long)	13.7	RON	4.011	(0.004	)	(0.1		)
2016	Foreign currency contracts (long)	58.2	SEK	8.528	(0.001	)	—
2016	Foreign currency contracts (long)	40.7	SGD	1.353	(0.001	)	—
2016	Foreign currency contracts (long)	81.3	ZAR	14.720	0.002		0.2
2017	Foreign currency contracts (long)	4.7	EUR	1.148	(0.039	)	(0.2		)
2017	Foreign currency contracts (long)	23.4	GBP	1.425	0.143		3.3
2017	Foreign currency contracts (long)	25.2	SEK	8.301	0.007		0.2
2018	Foreign currency contracts (long)	1.7	EUR	1.105	(0.041	)	(0.1		)
2018	Foreign currency contracts (long)	1.4	GBP	1.361	0.060		0.1
2018	Foreign currency contracts (long)	16.9	SEK	8.149	0.010		0.2
2019	Foreign currency contracts (long)	0.6	GBP	1.401	0.086		—
							$	9.0

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



		As of
	Balance Sheet Location	September 30, 2016		December 31, 2015
Derivative assets:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	8.9	$	114.0
Commodity contracts	Identifiable intangible and other non-current assets	0.1		7.4
Commodity contracts	Accrued expenses and other current liabilities	56.1		6.3
		$	65.2	$	127.7
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	34.4		241.4
Commodity contracts	Identifiable intangible and other non-current assets	37.1		17.0
Commodity contracts	Accrued expenses and other current liabilities	118.9		120.4
Commodity contracts	Other long-term liabilities	1.6		4.0
Foreign currency contracts	Short-term derivative assets, net	9.1		10.9
Foreign currency contracts	Identifiable intangible and other non-current assets	1.4		0.7
Foreign currency contracts	Accrued expenses and other current liabilities	1.1		0.8
		203.6		395.2
		$	268.8	$	522.9

Derivative liabilities:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	6.8	$	95.3
Commodity contracts	Accrued expenses and other current liabilities	74.8		2.9
		$	81.7	$	98.2
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	7.6	$	26.6
Commodity contracts	Identifiable intangible and other non-current assets	21.8		4.8
Commodity contracts	Accrued expenses and other current liabilities	152.0		319.9
Commodity contracts	Other long-term liabilities	6.8		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	3.0		1.7
		194.6		370.5
		$	276.3	$	468.7

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



Derivative Instruments	Location	Realized and Unrealized Gain (Loss)					Hedged Items	Location	Realized and Unrealized Gain (Loss)
		2016			2015				2016			2015
Three months ended September 30,
Commodity contracts	Cost of revenue	$	0.7		$	—	Firm commitments	Cost of revenue	$	(0.8	)	$	—
Commodity contracts	Cost of revenue	10.6			52.8		Inventories	Cost of revenue	(0.1		)	(48.5		)
		$	11.3		$	52.8			$	(0.9	)	$	(48.5	)

Nine months ended September 30,
Commodity contracts	Cost of revenue	$	0.7		$	—	Firm commitments	Cost of revenue	$	(0.8	)	$	—
Commodity contracts	Cost of revenue	(20.2		)	36.7		Inventories	Cost of revenue	10.6			(29.2		)
		$	(19.5	)	$	36.7			$	9.8		$	(29.2	)

There were no gains or losses for the three and nine months ended September 30, 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 September 30,
Commodity Contracts	$	11.2		$	0.3		Revenue	$	16.6		—	$	2.9		$	(1.2	)
Commodity Contracts	17.4			(1.4		)	Cost of revenue	(53.0		)	—	(3.6		)	0.9
Total	$	28.7		$	(1.1	)		$	(36.4	)	—	$	(0.7	)	$	(0.3	)

Nine months ended September 30,
Commodity Contracts	$	(105.3	)	$	0.3		Revenue	$	(30.7	)	—	$	(12.2	)	$	(1.2	)
Commodity Contracts	130.4			(1.4		)	Cost of revenue	2.9			—	9.2			0.9
Total	$	25.1		$	(1.1	)		$	(27.9	)	—	$	(3.0	)	$	(0.3	)

During the three months and nine months ended September 30, 2016, we recorded a gain of $2.9 million and a loss of $12.2 million respectively in revenue and a loss of $3.6 million and a gain of $9.2 million respectively in cost of revenue, related to hedge ineffectiveness. In the event that forecasted sales and purchases are less than the hedged amounts, a portion of 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):



Derivatives	Location	Realized and Unrealized Gain (Loss)
		2016			2015
Three months ended September 30,
Commodity contracts	Revenue	$	18.3		$	43.2
Commodity contracts	Cost of revenue	(14.6		)	(39.9		)
Foreign currency contracts	Revenue	1.3			3.4
Foreign currency contracts	Other (expense) income, net	(0.5		)	1.9
		$	4.5		$	8.6

Nine months ended September 30,
Commodity contracts	Revenue	$	51.7		$	89.2
Commodity contracts	Cost of revenue	(53.3		)	(68.0		)
Foreign currency contracts	Revenue	7.7			2.1
Foreign currency contracts	Other (expense) income, net	(6.1		)	6.9
		$	—		$	30.2

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 Subject to Collateral Requirements		Collateral Posted			Contingent Additional Collateral
As of September 30, 2016
Commodity contracts	$	14.0	$	(2.2	)	$	11.8

As of December 31, 2015
Commodity contract	$	63.2	$	(28.1	)	$	35.1

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.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959

Reference 19: 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))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Fair Value Measurements

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

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 $1,138.9 million and $772.2 million as of September 30, 2016 and December 31, 2015, respectively, and our notes receivable of $17.4 million and $7.4 million as of September 30, 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):



	Level 1		Level 2		Level 3		Sub-Total		Netting and Collateral			Total
As of September 30, 2016
Assets:
Commodity contracts	$	168.7	$	87.9	$	0.6	$	257.2	$	(213.8	)	$	43.3
Foreign currency contracts	—		11.6		—		11.6		(4.6		)	7.0
Inventories	—		3.1		—		3.1		—			3.1
Cash surrender value of life insurance	—		3.9		—		3.9		—			3.9
Total	$	168.7	$	106.5	$	0.6	$	275.8	$	(218.4	)	$	57.3
Liabilities:
Commodity contracts	$	179.4	$	90.2	$	0.3	$	269.9	$	(232.8	)	$	37.0
Foreign currency contracts	—		6.5		—		6.5		(4.6		)	1.9
Firm Commitments	—		3.5		—		3.5		—			3.5
Total	$	179.4	$	100.2	$	0.3	$	279.9	$	(237.4	)	$	42.4

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. On May 1, 2016, we completed the sale of Pester’s retail business for $29.3 million in cash and an additional $3.0 million to be received at a future date.

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



	As of
	September 30, 2016		December 31, 2015
Commodity Contracts
Assets:
Short-term derivative assets, net	$	28.1	$	212.6
Identifiable intangible and other non-current assets	15.2		18.9
Total net assets	$	43.3	$	231.5

Liabilities:
Accrued expenses and other current liabilities	$	31.9	$	68.7
Other long-term liabilities	5.2		5.4
Total net liabilities	$	37.0	$	74.1

Foreign Currency Contracts
Assets:
Short-term derivative assets, net	$	5.7	$	7.6
Identifiable intangible and other non-current assets	1.3		0.7
Total net assets	$	7.0	$	8.3

Liabilities:
Accrued expenses and other current liabilities	$	1.9	$	0.9
Total net liabilities	$	1.9	$	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 September 30, 2016, we had $47.5 million of cash collateral deposits held by financial counterparties, of which $20.0 million have been offset against the total amount of commodity fair value liabilities in the above table and the remaining $27.6 million is included in other current assets in the accompanying consolidated balance sheets. In addition, as of September 30, 2016, we have offset $1.0 million of cash collateral deposits received from customers against the total amount of commodity fair value assets in the above table. As of December 31, 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 (Losses) Included in Earnings			Settlements		Transfers into Level 3			End of Period		Change in Unrealized Gains (Losses) Relating to Assets and Liabilities that are Held at end of Period			Location of Realized and Unrealized Gains (Losses)Included in Earnings
Three months ended September 30, 2016
Assets:
Commodity contracts	$	0.5	$	0.1		$	—	$	—		$	0.6	$	0.2		Revenue
Liabilities:
Commodity contracts	$	0.3	$	(0.1	)	$	—	$	0.1		$	0.3	$	0.2		Cost of revenue
Three months ended September 30, 2015
Assets:
Commodity contracts	$	0.5	$	(0.1	)	$	0.1	$	1.0		$	1.3	$	1.0		Revenue
Liabilities:
Commodity contracts	$	0.4	$	0.4		$	—	$	(0.1	)	$	0.1	$	0.5		Cost of Revenue
Nine months ended September 30, 2016
Assets:
Commodity contracts	$	3.3	$	(2.3	)	$	1.8	$	1.3		$	0.6	$	(2.2	)	Revenue
Liabilities:
Commodity contracts	$	0.2	$	(0.2	)	$	—	$	0.1		$	0.3	$	—		Cost of revenue
Nine months ended September 30, 2015
Assets:
Commodity contracts	$	4.2	$	0.7		$	4.6	$	1.0		$	1.3	$	1.4		Revenue
Liabilities:
Commodity contracts	$	1.3	$	0.8		$	0.5	$	(0.1	)	$	0.1	$	0.9		Cost of Revenue

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.

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

Debt

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Debt

On October 26, 2016, we amended our Credit Facility which added a new $520 million Term Loan facility, thereby increasing the aggregate outstanding Term Loans to approximately $840.0 million, and expanded our right to request increases in available borrowings up to an additional $200.0 million, subject to the satisfaction of certain conditions. The amended Credit Facility matures in October 2021.

We had outstanding borrowings under our Credit Facility totaling $796.0 million and $416.0 million as of September 30, 2016 and December 31, 2015, respectively. Our issued letters of credit under the Credit Facility totaled $5.1 million and $5.5 million as of September 30, 2016 and December 31, 2015, respectively. We also had $323.0 million and $333.2 million in Term Loans outstanding as of September 30, 2016 and December 31, 2015, respectively. As of September 30, 2016 and December 31, 2015, the unused portion of our Credit Facility was $457.6 million and $838.5 million, respectively.

Our Credit Facility and our Term Loans contain certain financial and other covenants with which we are required to comply. Our failure to comply with the covenants contained in our Credit Facility and our Term Loans could result in an event of default. An event of default, if not cured or waived, would permit acceleration of any outstanding indebtedness under the Credit Facility and our Term Loans, trigger cross‑defaults under certain other agreements to which we are a party and impair our ability to obtain working capital advances and issue letters of credit, which would have a material adverse effect on our business, financial condition, results of operations and cash flows. As of September 30, 2016, we were in compliance with all financial covenants contained in our Credit Facility and our Term Loans.

We have other uncommitted credit lines primarily for the issuance of letters of credit, bank guarantees and bankers’ acceptances. These credit lines are renewable on an annual basis and are subject to fees at market rates. As of September 30, 2016 and December 31, 2015, our outstanding letters of credit and bank guarantees under these credit lines totaled $156.8 million and $208.4 million, respectively.

Substantially all of the letters of credit and bank guarantees issued under our Credit Facility and the uncommitted credit lines were provided to suppliers in the normal course of business and generally expire within one year of issuance. Expired letters of credit and bank guarantees are renewed as needed.

Our debt consisted of the following (in millions):



	As of
	September 30,		December 31,
	2016		2015
Credit Facility	$	796.0	$	416.0
Term Loans	323.0		333.2
Capital leases	14.3		12.0
Other	5.6		11.0
Total debt	1,138.9		772.2
Short-term debt	28.8		25.5
Long-term debt	$	1,110.1	$	746.7

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



	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Interest income	$	0.8		$	1.3		$	3.6		$	4.0
Interest expense and other financing costs	(11.0		)	(9.2		)	(29.5		)	(25.5		)
	$	(10.3	)	$	(7.9	)	$	(26.0	)	$	(21.5	)

Shareholders' Equity

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Shareholders' Equity

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 Currency Translation Adjustments			Derivative Instruments			Accumulated Other Comprehensive Loss
Balance as of December 31, 2015	$	(108.7	)	$	(0.8	)	$	(109.5	)
Other comprehensive (loss)	(27.9		)	(2.8		)	(30.7		)
Less: Net other comprehensive (loss) income attributable to noncontrolling interest	(1.8		)	—			(1.8		)
Balance as of September 30, 2016	$	(134.8	)	$	(3.6	)	$	(138.3	)

Balance as of December 31, 2014	$	(59.2	)	$	—		$	(59.2	)
Other comprehensive (loss)	(38.1		)	(1.1		)	(39.2		)
Less: Net other comprehensive income attributable to noncontrolling interest	4.6			—			4.6
Balance as of September 30, 2015	$	(101.9	)	$	(1.1	)	$	(103.0	)

The foreign currency translation adjustment losses for the nine months ended September 30, 2016 were primarily due to the strengthening of the U.S. dollar as compared to the Brazilian Real and the British Pound. The foreign currency translation adjustment losses for the nine months ended September 30, 2015 were primarily due to the strengthening of the U.S. dollar as compared to the Brazilian Real and the British Pound.

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.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Goodwill and Intangible Assets Disclosure [Abstract]

Income Taxes

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

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



	For the Three Months ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Income tax provision	$	5.4		$	17.7		$	15.7		$	33.6

Effective income tax rate	11.1		%	29.3		%	11.2		%	21.7		%

Our provision for income taxes for each of the three-month and nine-month periods ended September 30, 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 nine months ended September 30, 2016 was adjusted for an income tax benefit of $1.6 million, net, for discrete items related to changes in estimates in uncertain tax positions. Without the $1.6 million adjustment, the nine month period ended September 30, 2016 effective income tax rate would have been 12.4%. 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 operate 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 $1.1 million for the three months ended September 30, 2016 and 2015, respectively, and by $2.4 million and $3.9 million for the nine months ended September 30, 2016 and 2015, respectively. The impact of the income tax concession on basic earnings per common share was $0.01 and $0.02 for the three months ended September 30, 2016 and 2015, respectively, and $0.03 and $0.05 for the nine months ended September 30, 2016 and 2015 respectively. On a diluted earnings per common share basis, the impact was $0.01 and $0.02 for the three months ended September 30, 2016 and 2015, respectively, and $0.03 and $0.05 for the nine months ended September 30, 2016 and 2015, respectively.

Goodwill

9 Months Ended

Sep. 30, 2016

Earnings per Common Share

The following table provides the components of and changes in the carrying amount of Goodwill (in millions):



	Aviation			Land			Marine		Total
Balance as of December 31, 2015	$	173.7		$	430.7		$	71.4	$	675.8
Additions	—			56.4			—		56.4
Foreign exchange and other adjustments	(4.7		)	(8.3		)	0.7		(12.2		)
Balance as of September 30, 2016	$	169.0		$	478.8		$	72.1	$	720.0

Land segment additions relates primarily to our acquisitions of PAPCO and APP, $52.6 million, and are subject to change until we complete the valuation of assets acquired and liabilities assumed from PAPCO and APP (see Note 3).

Earnings per Common Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

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



	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Numerator:
Net income attributable to World Fuel	$	42.7	$	43.7	$	124.3	$	124.5
Denominator:
Weighted average common shares for basic earnings per common share	69.1		70.0		69.4		70.5
Effect of dilutive securities	0.4		0.3		0.5		0.5
Weighted average common shares for diluted earnings per common share	69.5		70.3		69.9		71.0

Weighted average securities which are not included in the calculation of diluted earnings per common share because their impact is anti-dilutive or their performance conditions have not been met	1.3		1.5		1.3		1.0

Basic earnings per common share	$	0.62	$	0.62	$	1.79	$	1.77

Diluted earnings per common share	$	0.61	$	0.62	$	1.78	$	1.75

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters In connection with a theft of fuel product valued at approximately $18.0 million, we recorded an insurance receivable for the full amount of the loss, which is included in other current assets in the accompanying consolidated balance sheets. On July 31, 2014, our insurer, AGCS Marine Insurance Company (“AGCS”), filed a declaratory judgment action against us in the United States District Court for the Southern District of New York (“District Court”) seeking a court ruling indicating that the loss is not covered under our policy. On May 17, 2016, the District Court entered an Order granting summary judgment in our favor demur holding that the loss is covered under the AGCS policy. Final judgment in the case has not yet been entered however on August 18, 2016, the District Court heard oral argument on the issue of damages and pre-judgment interest, which issues are pending before the court. On June 14, 2016, AGCS filed with the District Court a Notice of Appeal whereby it sought to appeal the Order granting summary judgment to the United States Court of Appeals for the Second Circuit ("Appellate Court"), after which we filed a Notice of Cross-Appeal. On August 3, 2016, the Appellate Court issued an Order staying AGCS' appeal pending entry of judgment in the underlying case. 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. Other Matters On August 31, 2016, Hanjin Shipping Co., Ltd. (“Hanjin”), one of our customers in our marine segment, filed for bankruptcy protection in South Korea and on September 1, 2016, the Korean Rehabilitation Court accepted Hanjin’s application for rehabilitation. As of October 13, 2016, we had outstanding receivables owing from Hanjin of approximately $18 million. We believe we will recover all or substantially all the amounts owed to us by Hanjin, or otherwise successfully mitigate any related losses, through the enforcement of maritime liens against vessels as well as other avenues of recovery and loss mitigation. However, there can be no assurance, that we will be able to recover all amounts owed or fully mitigate all losses. From time to time, we are under review by the Internal Revenue Service and various other domestic and foreign tax authorities with regards to income tax and indirect tax matters and are involved in various challenges and litigation in a number of countries, including, in particular, US, Brazil and South Korea, where the amounts under controversy may be significant. When we deem it appropriate and the amounts are reasonably estimable, we establish reserves for potential adjustments to our provision for income taxes and accrual of indirect taxes that may result from examinations by these tax authorities. If events occur which indicate payment of these amounts is unnecessary, the reversal of the liabilities would result in the recognition of benefits in the period we determine the liabilities are no longer necessary. If our estimates of the federal, state, and foreign income tax liabilities and indirect tax liabilities are less than the ultimate assessment, it could result in a further charge to expense. We believe that the final outcome of these examinations, agreements, administrative or judicial proceedings will not have a material effect on our results of operations or cash flows. We are a party to various claims, complaints and proceedings arising in the ordinary course of our business including, but not limited to, environmental claims, commercial and governmental contract claims, such as property damage, demurrage, personal injury, billing and fuel quality claims, as well as bankruptcy preference claims and tax and administrative claims. We have established loss provisions for these ordinary course claims as well as other matters in which losses are probable and can be reasonably estimated. As of September 30, 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.

Business Segments

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

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, power solutions through our global energy management service offerings, 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						For the Nine Months Ended
	September 30,						September 30,
Revenue:	2016			2015			2016			2015
Aviation segment	$	2,969.2		$	2,995.3		$	7,810.2		$	9,077.6
Land segment	2,509.8			2,427.3			6,375.9			7,055.9
Marine segment	1,920.7			2,388.1			5,037.5			7,514.3
	$	7,399.8		$	7,810.7		$	19,223.6		$	23,647.8

Gross profit:
Aviation segment	$	111.7		$	106.9		$	298.9		$	273.0
Land segment	87.8			71.3			261.7			213.5
Marine segment	37.2			48.6			116.0			144.3
	$	236.7		$	226.7		$	676.7		$	630.7
Income from operations:
Aviation segment	$	52.6		$	47.0		$	123.8		$	99.1
Land segment	13.9			19.1			64.0			65.2
Marine segment	10.3			17.5			32.8			57.3
	76.8			83.6			220.5			221.5
Corporate overhead - unallocated	(18.6		)	(17.3		)	(55.7		)	(46.1		)
	$	58.2		$	66.4		$	164.8		$	175.6

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



	As of
	September 30,		December 31,
	2016		2015
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $6.2 and $6.1 as of September 30, 2016 and December 31, 2015, respectively	$	590.7	$	571.6
Land segment, net of allowance for bad debt of $7.4 and $7.2 as of September 30, 2016 and December 31, 2015, respectively	747.1		629.8
Marine segment, net of allowance for bad debt of $10.8 and $10.6 as of September 30, 2016 and December 31, 2015, respectively	724.8		611.2
	$	2,062.6	$	1,812.6
Total assets:
Aviation segment	$	1,812.7	$	1,546.9
Land segment	1,957.3		1,651.5
Marine segment	1,237.8		1,149.5
Corporate	144.7		177.3
	$	5,152.5	$	4,525.3

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

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Accounting Changes and Error Corrections [Abstract]

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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. Going Concern: In August 2014, the FASB issued an ASU 2014-15, Presentation of Financial Statements-Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management of the Company to evaluate whether there is substantial doubt about the Company’s ability to continue as a going concern. This update is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. We do not believe the adoption of this new guidance will have an impact on our financial statement disclosures. Compensation - Stock Compensation: Accounting for Share-Based Payments when the Terms of an Award Provide that a Performance Target could be Achieved after the Requisite Service Period. In June 2014, the FASB issued an ASU which includes guidance that requires a performance target that affects vesting and that could be achieved after the requisite service period to be treated as a performance condition. This update 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.

Correction of Previously Issued Financial Information (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of corrections for consolidated balance sheets and consolidated statements of income and comprehensive income

Consolidated Balance Sheets

(Unaudited - In millions, except per share data)



	As of December 31, 2015
	As Reported			Adjustment		Revised
Assets:
Current assets:
Cash and cash equivalents	$	582.5		—		$	582.5
Accounts receivable, net	1,812.6			—		1,812.6
Inventories	359.1			—		359.1
Prepaid expenses	57.9			—		57.9
Short-term derivative assets, net	227.2			(6.8	)	220.4
Other current assets	209.8			(1.8	)	208.0
Current assets held for sale	5.5			—		5.5
Total current assets	3,254.6			(8.6	)	3,246.0

Property and equipment, net	225.6			—		225.6
Goodwill	675.8			—		675.8
Identifiable intangible and other non-current assets	356.9			(15.5	)	341.4
Non-current assets held for sale	36.5			—		36.5
Total assets	$	4,549.4		(24.1	)	$	4,525.3

Liabilities:
Current liabilities:
Short-term debt	$	25.5		—		$	25.5
Accounts payable	1,349.6			—		1,349.6
Customer deposits	118.3			—		118.3
Accrued expenses and other current liabilities	263.8			(8.6	)	255.2
Current liabilities held for sale	5.6			—		5.6
Total current liabilities	1,762.8			(8.6	)	1,754.2

Long-term debt	746.7			—		746.7
Non-current income tax liabilities, net	87.7			—		87.7
Other long-term liabilities	25.8			—		25.8
Non-current liabilities held for sale	5.0			—		5.0
Total liabilities	$	2,628.0		(8.6	)	$	2,619.4

Commitments and contingencies

Equity:
World Fuel shareholders' equity:
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued	—			—		—
Common stock, $0.01 par value; 100 shares authorized, 70.8 issued and outstanding as of December 31, 2015	0.7			—		0.7
Capital in excess of par value	435.3			—		435.3
Retained earnings	1,588.6			(19.2	)	1,569.4
Accumulated other comprehensive loss	(113.2		)	3.7		(109.5		)
Total World Fuel shareholders' equity	1,911.4			(15.5	)	1,895.9
Noncontrolling interest equity	10.0			—		10.0
Total equity	1,921.4			(15.5	)	1,905.9
Total liabilities and equity	$	4,549.4		(24.1	)	$	4,525.3

Consolidated Statement of Income and Comprehensive Income

(Unaudited - In millions, except per share data)



	For the Three Months Ended								For the Nine Months Ended
	September 30, 2015								September 30, 2015
	As Reported			Adjustment		Revised			As Reported			Adjustment		Revised
Revenue	$	7,810.7		—		$	7,810.7		$	23,647.8		—		$	23,647.8
Cost of revenue	7,584.0			—		7,584.0			23,015.2			1.9		23,017.1
Gross profit	226.7			—		226.7			632.6			(1.9	)	630.7
Operating expenses:
Compensation and employee benefits	94.2			—		94.2			270.5			(0.2	)	270.3
Provision for bad debt	1.6			—		1.6			5.2			—		5.2
General and administrative	64.5			—		64.5			177.6			2.0		179.6
	160.3			—		160.3			453.3			1.8		455.1
Income from operations	66.4			—		66.4			179.3			(3.7	)	175.6
Non-operating expenses, net:
Interest expense and other financing costs, net	(7.9		)	—		(7.9		)	(21.5		)	—		(21.5		)
Other income, net	1.9			—		1.9			0.5			—		0.5
	(6.0		)	—		(6.0		)	(21.0		)	—		(21.0		)
Income before income taxes	60.4			—		60.4			158.3			(3.7	)	154.6
Provision for income taxes	11.8			5.9		17.7			26.8			6.8		33.6
Net income including noncontrolling interest	48.6			(5.9	)	42.7			131.5			(10.5	)	121.0
Net (loss) attributable to noncontrolling interest	(1.0		)	—		(1.0		)	(3.6		)	0.1		(3.5		)
Net income attributable to World Fuel	$	49.6		(5.9	)	$	43.7		$	135.1		(10.6	)	$	124.5

Basic earnings per common share	$	0.71		(0.09	)	$	0.62		$	1.92		(0.15	)	$	1.77

Basic weighted average common shares	70.0			—		70.0			70.5			—		70.5

Diluted earnings per common share	$	0.71		(0.09	)	$	0.62		$	1.90		(0.15	)	$	1.75

Diluted weighted average common shares	70.3			—		70.3			71.0			—		71.0

Comprehensive income:
Net income including noncontrolling interest	$	48.6		(5.9	)	$	42.7		$	131.5		(10.5	)	$	121.0
Other comprehensive income (loss):
Foreign currency translation adjustments	(31.0		)	3.6		(27.4		)	(42.8		)	4.8		(38.0		)
Derivative instruments, net of income tax benefit of $0.7 for the three and nine months ended September 30, 2015, respectively	(1.1		)	—		(1.1		)	(1.1		)	—		(1.1		)
	(32.1		)	3.6		(28.5		)	(43.9		)	4.8		(39.1		)
Comprehensive income including noncontrolling interest	16.5			(2.3	)	14.2			87.6			(5.7	)	81.9
Comprehensive income (loss) attributable to noncontrolling interest	1.1			(2.3	)	(1.2		)	1.0			(2.2	)	(1.2		)
Comprehensive income attributable to World Fuel	$	15.4		—		$	15.4		$	86.6		(3.5	)	$	83.1

Acquisitions, Assets and Liabilities Held for Sale (Tables)

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed



	Total
Cash paid for acquisition of businesses	$	247.9
Amounts due to sellers	14.5
Estimated purchase price	$	262.4

Assets acquired:
Accounts and notes receivable	$	60.4
Inventories	33.7
Property and equipment	44.2
Goodwill and identifiable intangible assets	172.0
Other current and long-term assets	11.2

Liabilities assumed:
Accounts payable	(33.0		)
Accrued expenses and other current liabilities	(25.9		)
Long-term liabilities and deferred tax liabilities	(0.3		)
Estimated purchase price	$	262.4

Business Acquisition, Pro Forma Information

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



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(In millions, except per share data)	2015		2015
Revenues	$	7,948.7	$	24,071.1
Net income attributable to World Fuel	52.0		139.9

Earnings per common share:
Basic earnings per common share	$	0.74	$	1.98
Diluted earnings per common share	$	0.74	$	1.97

The following presents the unaudited pro forma results for 2016 and 2015 as if 2016 acquisitions had been completed on January 1, 2015:



	Unaudited Supplemental Pro Forma Consolidated Results
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions, except per share data)	2016		2015		2016		2015
Revenues	$	7,399.8	$	8,315.4	$	19,797.6	$	25,202.0
Net income attributable to World Fuel	42.7		49.2		133.2		142.3

Earnings per common share:
Basic earnings per common share	$	0.62	$	0.70	$	1.92	$	2.02
Diluted earnings per common share	$	0.61	$	0.70	$	1.91	$	2.00

Derivatives (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value positions of derivative instruments



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

Fair Value Hedge	2016	Commodity contracts for inventory hedging	2.2	BBL	$	58.523	$	(3.491	)	$	(7.8	)
										$	(7.8	)

Fair Value Hedge	2016	Commodity contracts for firm commitment hedging	0.3	BBL	$	57.448	$	7.489		$	1.9
	2017	Commodity contracts for firm commitment hedging	0.5	BBL	59.095		7.346			3.6
										$	5.5

Cash Flow Hedge	2016	Commodity contracts for inventory hedging	6.7	BBL	$	52.523	$	(0.480	)	$	(3.2	)
	2017	Commodity contracts for inventory hedging	1.6	BBL	59.604		(6.731		)	(11.0		)
										$	(14.3	)

Non-Designated	2016	Commodity contracts (long)	33.4	BBL	$	34.940	$	(3.061	)	$	(102.3	)
	2016	Commodity contracts (short)	33.7	BBL	34.464		2.726			92.0
	2017	Commodity contracts (long)	26.8	BBL	29.038		2.151			57.6
	2017	Commodity contracts (short)	23.0	BBL	33.297		(2.109		)	(48.5		)
	2018	Commodity contracts (long)	5.1	BBL	18.332		1.427			7.3
	2018	Commodity contracts (short)	4.3	BBL	19.216		(0.806		)	(3.4		)
	2019	Commodity contracts (long)	0.8	BBL	17.327		0.299			0.2
	2019	Commodity contracts (short)	0.6	BBL	25.329		0.614			0.4
	2020	Commodity contracts (long)	0.4	BBL	32.226		0.285			0.1
	2020	Commodity contracts (short)	0.5	BBL	28.724		0.909			0.4
	2021	Commodity contracts (long)	0.7	BBL	18.987		1.320			1.0
	2021	Commodity contracts (short)	0.8	BBL	17.155		(1.129		)	(1.0		)
	2022	Commodity contracts (long)	0.7	BBL	—		1.634			1.2
	2022	Commodity contracts (short)	0.8	BBL	18.006		(1.404		)	(1.2		)
	2023	Commodity contracts (long)	0.7	BBL	—		1.973			1.5
	2023	Commodity contracts (short)	0.8	BBL	18.916		(1.701		)	(1.4		)
	2016	Foreign currency contracts (long)	8.0	AED	3.676		—			—
	2016	Foreign currency contracts (long)	8.3	AUD	0.752		(0.024		)	(0.2		)
	2016	Foreign currency contracts (long)	0.3	BRL	3.308		(0.003		)	—



2016	Foreign currency contracts (long)	76.4	CAD	1.304	0.002		0.2
2016	Foreign currency contracts (long)	0.8	CHF	0.970	(0.009	)	—
2016	Foreign currency contracts (long)	3,098.0	CLP	665.565	—		(0.1		)
2016	Foreign currency contracts (long)	60,727.0	COP	2,979.994	—		(0.3		)
2016	Foreign currency contracts (long)	111.2	DKK	6.651	(0.001	)	(0.1		)
2016	Foreign currency contracts (long)	95.6	EUR	1.120	(0.006	)	(0.6		)
2016	Foreign currency contracts (long)	139.1	GBP	1.342	0.025		3.4
2016	Foreign currency contracts (long)	97.0	INR	68.091	(0.001	)	(0.1		)
2016	Foreign currency contracts (long)	402.7	JPY	102.369	—		—
2016	Foreign currency contracts (long)	6,050.0	KRW	1,099.520	—		—
2016	Foreign currency contracts (long)	2,975.6	MXN	18.876	—		(0.2		)
2016	Foreign currency contracts (long)	117.8	NOK	8.297	(0.003	)	(0.4		)
2016	Foreign currency contracts (long)	4.7	NZD	0.723	(0.010	)	—
2016	Foreign currency contracts (long)	24.8	PLN	3.875	(0.003	)	(0.1		)
2016	Foreign currency contracts (long)	13.7	RON	4.011	(0.004	)	(0.1		)
2016	Foreign currency contracts (long)	58.2	SEK	8.528	(0.001	)	—
2016	Foreign currency contracts (long)	40.7	SGD	1.353	(0.001	)	—
2016	Foreign currency contracts (long)	81.3	ZAR	14.720	0.002		0.2
2017	Foreign currency contracts (long)	4.7	EUR	1.148	(0.039	)	(0.2		)
2017	Foreign currency contracts (long)	23.4	GBP	1.425	0.143		3.3
2017	Foreign currency contracts (long)	25.2	SEK	8.301	0.007		0.2
2018	Foreign currency contracts (long)	1.7	EUR	1.105	(0.041	)	(0.1		)
2018	Foreign currency contracts (long)	1.4	GBP	1.361	0.060		0.1
2018	Foreign currency contracts (long)	16.9	SEK	8.149	0.010		0.2
2019	Foreign currency contracts (long)	0.6	GBP	1.401	0.086		—
							$	9.0

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	September 30, 2016		December 31, 2015
Derivative assets:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	8.9	$	114.0
Commodity contracts	Identifiable intangible and other non-current assets	0.1		7.4
Commodity contracts	Accrued expenses and other current liabilities	56.1		6.3
		$	65.2	$	127.7
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	34.4		241.4
Commodity contracts	Identifiable intangible and other non-current assets	37.1		17.0
Commodity contracts	Accrued expenses and other current liabilities	118.9		120.4
Commodity contracts	Other long-term liabilities	1.6		4.0
Foreign currency contracts	Short-term derivative assets, net	9.1		10.9
Foreign currency contracts	Identifiable intangible and other non-current assets	1.4		0.7
Foreign currency contracts	Accrued expenses and other current liabilities	1.1		0.8
		203.6		395.2
		$	268.8	$	522.9

Derivative liabilities:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	6.8	$	95.3
Commodity contracts	Accrued expenses and other current liabilities	74.8		2.9
		$	81.7	$	98.2
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	7.6	$	26.6
Commodity contracts	Identifiable intangible and other non-current assets	21.8		4.8
Commodity contracts	Accrued expenses and other current liabilities	152.0		319.9
Commodity contracts	Other long-term liabilities	6.8		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	3.0		1.7
		194.6		370.5
		$	276.3	$	468.7

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



Derivative Instruments	Location	Realized and Unrealized Gain (Loss)					Hedged Items	Location	Realized and Unrealized Gain (Loss)
		2016			2015				2016			2015
Three months ended September 30,
Commodity contracts	Cost of revenue	$	0.7		$	—	Firm commitments	Cost of revenue	$	(0.8	)	$	—
Commodity contracts	Cost of revenue	10.6			52.8		Inventories	Cost of revenue	(0.1		)	(48.5		)
		$	11.3		$	52.8			$	(0.9	)	$	(48.5	)

Nine months ended September 30,
Commodity contracts	Cost of revenue	$	0.7		$	—	Firm commitments	Cost of revenue	$	(0.8	)	$	—
Commodity contracts	Cost of revenue	(20.2		)	36.7		Inventories	Cost of revenue	10.6			(29.2		)
		$	(19.5	)	$	36.7			$	9.8		$	(29.2	)

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 September 30,
Commodity Contracts	$	11.2		$	0.3		Revenue	$	16.6		—	$	2.9		$	(1.2	)
Commodity Contracts	17.4			(1.4		)	Cost of revenue	(53.0		)	—	(3.6		)	0.9
Total	$	28.7		$	(1.1	)		$	(36.4	)	—	$	(0.7	)	$	(0.3	)

Nine months ended September 30,
Commodity Contracts	$	(105.3	)	$	0.3		Revenue	$	(30.7	)	—	$	(12.2	)	$	(1.2	)
Commodity Contracts	130.4			(1.4		)	Cost of revenue	2.9			—	9.2			0.9
Total	$	25.1		$	(1.1	)		$	(27.9	)	—	$	(3.0	)	$	(0.3	)

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



Derivatives	Location	Realized and Unrealized Gain (Loss)
		2016			2015
Three months ended September 30,
Commodity contracts	Revenue	$	18.3		$	43.2
Commodity contracts	Cost of revenue	(14.6		)	(39.9		)
Foreign currency contracts	Revenue	1.3			3.4
Foreign currency contracts	Other (expense) income, net	(0.5		)	1.9
		$	4.5		$	8.6

Nine months ended September 30,
Commodity contracts	Revenue	$	51.7		$	89.2
Commodity contracts	Cost of revenue	(53.3		)	(68.0		)
Foreign currency contracts	Revenue	7.7			2.1
Foreign currency contracts	Other (expense) income, net	(6.1		)	6.9
		$	—		$	30.2

Schedule of net liability and collateral position for derivative contracts



	Net Liability Position Subject to Collateral Requirements		Collateral Posted			Contingent Additional Collateral
As of September 30, 2016
Commodity contracts	$	14.0	$	(2.2	)	$	11.8

As of December 31, 2015
Commodity contract	$	63.2	$	(28.1	)	$	35.1

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.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

Reference 8: 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=64837297&loc=SL5579240-113959

Reference 9: 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=64837297&loc=d3e41620-113959

Reference 10: 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

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

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

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



	Level 1		Level 2		Level 3		Sub-Total		Netting and Collateral			Total
As of September 30, 2016
Assets:
Commodity contracts	$	168.7	$	87.9	$	0.6	$	257.2	$	(213.8	)	$	43.3
Foreign currency contracts	—		11.6		—		11.6		(4.6		)	7.0
Inventories	—		3.1		—		3.1		—			3.1
Cash surrender value of life insurance	—		3.9		—		3.9		—			3.9
Total	$	168.7	$	106.5	$	0.6	$	275.8	$	(218.4	)	$	57.3
Liabilities:
Commodity contracts	$	179.4	$	90.2	$	0.3	$	269.9	$	(232.8	)	$	37.0
Foreign currency contracts	—		6.5		—		6.5		(4.6		)	1.9
Firm Commitments	—		3.5		—		3.5		—			3.5
Total	$	179.4	$	100.2	$	0.3	$	279.9	$	(237.4	)	$	42.4

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
	September 30, 2016		December 31, 2015
Commodity Contracts
Assets:
Short-term derivative assets, net	$	28.1	$	212.6
Identifiable intangible and other non-current assets	15.2		18.9
Total net assets	$	43.3	$	231.5

Liabilities:
Accrued expenses and other current liabilities	$	31.9	$	68.7
Other long-term liabilities	5.2		5.4
Total net liabilities	$	37.0	$	74.1

Foreign Currency Contracts
Assets:
Short-term derivative assets, net	$	5.7	$	7.6
Identifiable intangible and other non-current assets	1.3		0.7
Total net assets	$	7.0	$	8.3

Liabilities:
Accrued expenses and other current liabilities	$	1.9	$	0.9
Total net liabilities	$	1.9	$	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 (Losses) Included in Earnings			Settlements		Transfers into Level 3			End of Period		Change in Unrealized Gains (Losses) Relating to Assets and Liabilities that are Held at end of Period			Location of Realized and Unrealized Gains (Losses)Included in Earnings
Three months ended September 30, 2016
Assets:
Commodity contracts	$	0.5	$	0.1		$	—	$	—		$	0.6	$	0.2		Revenue
Liabilities:
Commodity contracts	$	0.3	$	(0.1	)	$	—	$	0.1		$	0.3	$	0.2		Cost of revenue
Three months ended September 30, 2015
Assets:
Commodity contracts	$	0.5	$	(0.1	)	$	0.1	$	1.0		$	1.3	$	1.0		Revenue
Liabilities:
Commodity contracts	$	0.4	$	0.4		$	—	$	(0.1	)	$	0.1	$	0.5		Cost of Revenue
Nine months ended September 30, 2016
Assets:
Commodity contracts	$	3.3	$	(2.3	)	$	1.8	$	1.3		$	0.6	$	(2.2	)	Revenue
Liabilities:
Commodity contracts	$	0.2	$	(0.2	)	$	—	$	0.1		$	0.3	$	—		Cost of revenue
Nine months ended September 30, 2015
Assets:
Commodity contracts	$	4.2	$	0.7		$	4.6	$	1.0		$	1.3	$	1.4		Revenue
Liabilities:
Commodity contracts	$	1.3	$	0.8		$	0.5	$	(0.1	)	$	0.1	$	0.9		Cost of Revenue

Debt (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of debt

Our debt consisted of the following (in millions):



	As of
	September 30,		December 31,
	2016		2015
Credit Facility	$	796.0	$	416.0
Term Loans	323.0		333.2
Capital leases	14.3		12.0
Other	5.6		11.0
Total debt	1,138.9		772.2
Short-term debt	28.8		25.5
Long-term debt	$	1,110.1	$	746.7

Schedule of interest expense and other financing costs, net

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



	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Interest income	$	0.8		$	1.3		$	3.6		$	4.0
Interest expense and other financing costs	(11.0		)	(9.2		)	(29.5		)	(25.5		)
	$	(10.3	)	$	(7.9	)	$	(26.0	)	$	(21.5	)

Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

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



	Foreign Currency Translation Adjustments			Derivative Instruments			Accumulated Other Comprehensive Loss
Balance as of December 31, 2015	$	(108.7	)	$	(0.8	)	$	(109.5	)
Other comprehensive (loss)	(27.9		)	(2.8		)	(30.7		)
Less: Net other comprehensive (loss) income attributable to noncontrolling interest	(1.8		)	—			(1.8		)
Balance as of September 30, 2016	$	(134.8	)	$	(3.6	)	$	(138.3	)

Balance as of December 31, 2014	$	(59.2	)	$	—		$	(59.2	)
Other comprehensive (loss)	(38.1		)	(1.1		)	(39.2		)
Less: Net other comprehensive income attributable to noncontrolling interest	4.6			—			4.6
Balance as of September 30, 2015	$	(101.9	)	$	(1.1	)	$	(103.0	)

Income Taxes (Tables)

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

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						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Income tax provision	$	5.4		$	17.7		$	15.7		$	33.6

Effective income tax rate	11.1		%	29.3		%	11.2		%	21.7		%

Goodwill (Tables)

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in goodwill

The following table provides the components of and changes in the carrying amount of Goodwill (in millions):



	Aviation			Land			Marine		Total
Balance as of December 31, 2015	$	173.7		$	430.7		$	71.4	$	675.8
Additions	—			56.4			—		56.4
Foreign exchange and other adjustments	(4.7		)	(8.3		)	0.7		(12.2		)
Balance as of September 30, 2016	$	169.0		$	478.8		$	72.1	$	720.0

Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

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				For the Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Numerator:
Net income attributable to World Fuel	$	42.7	$	43.7	$	124.3	$	124.5
Denominator:
Weighted average common shares for basic earnings per common share	69.1		70.0		69.4		70.5
Effect of dilutive securities	0.4		0.3		0.5		0.5
Weighted average common shares for diluted earnings per common share	69.5		70.3		69.9		71.0

Weighted average securities which are not included in the calculation of diluted earnings per common share because their impact is anti-dilutive or their performance conditions have not been met	1.3		1.5		1.3		1.0

Basic earnings per common share	$	0.62	$	0.62	$	1.79	$	1.77

Diluted earnings per common share	$	0.61	$	0.62	$	1.78	$	1.75

Business Segments (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

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						For the Nine Months Ended
	September 30,						September 30,
Revenue:	2016			2015			2016			2015
Aviation segment	$	2,969.2		$	2,995.3		$	7,810.2		$	9,077.6
Land segment	2,509.8			2,427.3			6,375.9			7,055.9
Marine segment	1,920.7			2,388.1			5,037.5			7,514.3
	$	7,399.8		$	7,810.7		$	19,223.6		$	23,647.8

Gross profit:
Aviation segment	$	111.7		$	106.9		$	298.9		$	273.0
Land segment	87.8			71.3			261.7			213.5
Marine segment	37.2			48.6			116.0			144.3
	$	236.7		$	226.7		$	676.7		$	630.7
Income from operations:
Aviation segment	$	52.6		$	47.0		$	123.8		$	99.1
Land segment	13.9			19.1			64.0			65.2
Marine segment	10.3			17.5			32.8			57.3
	76.8			83.6			220.5			221.5
Corporate overhead - unallocated	(18.6		)	(17.3		)	(55.7		)	(46.1		)
	$	58.2		$	66.4		$	164.8		$	175.6

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
	September 30,		December 31,
	2016		2015
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $6.2 and $6.1 as of September 30, 2016 and December 31, 2015, respectively	$	590.7	$	571.6
Land segment, net of allowance for bad debt of $7.4 and $7.2 as of September 30, 2016 and December 31, 2015, respectively	747.1		629.8
Marine segment, net of allowance for bad debt of $10.8 and $10.6 as of September 30, 2016 and December 31, 2015, respectively	724.8		611.2
	$	2,062.6	$	1,812.6
Total assets:
Aviation segment	$	1,812.7	$	1,546.9
Land segment	1,957.3		1,651.5
Marine segment	1,237.8		1,149.5
Corporate	144.7		177.3
	$	5,152.5	$	4,525.3

Correction of Previously Issued Financial Information - Consolidated Balance Sheets (Details) - USD ($)
$ in Millions

Sep. 30, 2016

Dec. 31, 2015

Sep. 30, 2015

Dec. 31, 2014

^[1]

$ 872.3

$ 582.5

$ 609.6

$ 302.3

^[1]

2,062.6

1,812.6

^[1]

484.5

359.1

^[1]

57.6

57.9

^[1]

34.4

220.4

^[1]

241.2

208.0

^[1]

0.0

5.5

^[1]

3,752.5

3,246.0

^[1]

260.3

225.6

Identifiable intangible and other non-current assets

^[1]

720.0

675.8

^[1]

419.7

341.4

^[1]

0.0

36.5

^[1]

5,152.5

4,525.3

28.8

^[1]

25.5

^[1]

25.5

^[1]

1,558.6

1,349.6

^[1]

106.5

118.3

^[1]

254.3

255.2

^[1]

0.0

5.6

^[1]

1,948.2

1,754.2

1,110.1

^[1]

746.7

^[1]

746.7

^[1]

86.0

87.7

^[1]

31.4

25.8

^[1]

0.0

5.0

^[1]

3,175.7

2,619.4

^[1]

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

^[1]

0.0

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

^[1]

0.7

^[1]

418.0

435.3

^[1]

1,681.2

1,569.4

^[1]

(138.3)

(109.5)

^[1]

1,961.6

1,895.9

^[1]

15.2

10.0

^[1]

1,976.8

1,905.9

$ 1,864.4

$ 1,859.4

^[1]

5,152.5

4,525.3

As Reported

582.5

1,812.6

359.1

57.9

227.2

209.8

5.5

3,254.6

225.6

Identifiable intangible and other non-current assets

675.8

356.9

36.5

4,549.4

25.5

1,349.6

118.3

263.8

5.6

1,762.8

746.7

87.7

25.8

5.0

2,628.0

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

0.0

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

0.7

435.3

1,588.6

(113.2)

1,911.4

10.0

1,921.4

4,549.4

Adjustment

0.0

0.0

0.0

0.0

(6.8)

(1.8)

0.0

(8.6)

0.0

Identifiable intangible and other non-current assets

0.0

(15.5)

0.0

(24.1)

0.0

0.0

0.0

(8.6)

0.0

(8.6)

0.0

0.0

0.0

0.0

(8.6)

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

0.0

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

0.0

0.0

(19.2)

3.7

(15.5)

0.0

(15.5)

Adjustment | Correction to provision for income taxes

(24.1)

Accounting Changes and Error Corrections [Abstract]

$ (20.0)

$ (12.5)

[1]	Amounts may not add due to rounding

Correction of Previously Issued Financial Information - Consolidated Balance Sheet Shares Information (Details) - $ / shares

Sep. 30, 2016

Dec. 31, 2015

Preferred stock, par value (in dollars per share)

$ 1

Preferred stock, shares authorized (in shares)

100,000

Preferred stock, shares issued (in shares)

Common stock, par value (in dollars per share)

$ 0.01

Common stock, shares authorized (in shares)

100,000,000

Common stock, shares issued (in shares)

^[1]

70,400,000

70,800,000

Common stock, shares outstanding (in shares)

^[1]

70,400,000

70,800,000

[1]	Amounts may not add due to rounding

Correction of Previously Issued Financial Information - Consolidated Statements of Income and Comprehensive Income (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Revenue

^[1]

$ 7,399.8

$ 7,810.7

$ 19,223.6

$ 23,647.8

^[1]

7,163.1

7,584.0

18,546.9

23,017.1

^[1]

236.7

226.7

676.7

630.7

^[1]

106.6

94.2

306.2

270.3

^[1]

1.5

1.6

5.4

5.2

^[1]

70.3

64.5

200.2

179.6

^[1]

178.4

160.3

511.9

455.1

^[1]

58.2

66.4

164.8

175.6

^[1]

(10.3)

(7.9)

(26.0)

(21.5)

Other income, net

^[1]

0.5

1.9

1.2

0.5

^[1]

(9.8)

(6.0)

(24.8)

(21.0)

^[1]

48.4

60.4

140.1

154.6

^[1]

5.4

17.7

15.7

33.6

Net income (loss) attributable to noncontrolling interest

^[1]

43.0

42.7

124.4

121.0

^[1]

0.3

(1.0)

0.1

(3.5)

Basic earnings per common share (in dollars per share)

^[1]

$ 42.7

$ 43.7

$ 124.3

$ 124.5

^[1]

$ 0.62

$ 1.79

$ 1.77

Basic weighted average common shares (in shares)

^[1]

69.1

70.0

69.4

70.5

Diluted earnings per common share (in dollars per share)

^[1]

$ 0.61

$ 0.62

$ 1.78

$ 1.75

Diluted weighted average common shares (in shares)

^[1]

69.5

70.3

69.9

71.0

^[1]

$ 43.0

$ 42.7

$ 124.4

$ 121.0

Derivative instruments, net of income tax benefit of $0.7 for the three and nine months ended September 30, 2015, respectively

^[1]

(14.6)

(27.4)

(27.9)

(38.0)

^[1]

(7.7)

(1.1)

(2.8)

(1.1)

Comprehensive income including noncontrolling interest

^[1]

(22.4)

(28.5)

(30.7)

(39.1)

^[1]

20.7

14.2

93.7

81.9

Comprehensive income (loss) attributable to noncontrolling interest

^[1]

1.4

(1.2)

1.9

(1.2)

Derivative instruments, income tax benefit

^[1]

19.3

15.4

91.9

83.1

$ 4.8

0.7

$ 1.7

0.7

As Reported

Revenue

7,810.7

23,647.8

7,584.0

23,015.2

226.7

632.6

94.2

270.5

1.6

5.2

64.5

177.6

160.3

453.3

66.4

179.3

(7.9)

(21.5)

Other income, net

1.9

0.5

(6.0)

(21.0)

60.4

158.3

11.8

26.8

Net income (loss) attributable to noncontrolling interest

48.6

131.5

(1.0)

(3.6)

Basic earnings per common share (in dollars per share)

$ 49.6

$ 135.1

$ 0.71

$ 1.92

Basic weighted average common shares (in shares)

70.0

70.5

Diluted earnings per common share (in dollars per share)

$ 0.71

$ 1.90

Diluted weighted average common shares (in shares)

70.3

71.0

$ 48.6

$ 131.5

Derivative instruments, net of income tax benefit of $0.7 for the three and nine months ended September 30, 2015, respectively

(31.0)

(42.8)

(1.1)

Comprehensive income including noncontrolling interest

(32.1)

(43.9)

16.5

87.6

Comprehensive income (loss) attributable to noncontrolling interest

1.1

1.0

15.4

86.6

Adjustment

1.9

(1.9)

(0.2)

2.0

0.0

1.8

0.0

(3.7)

0.0

(3.7)

5.9

6.8

Net income (loss) attributable to noncontrolling interest

(5.9)

(10.5)

0.1

Basic earnings per common share (in dollars per share)

$ (5.9)

$ (10.6)

$ (0.09)

$ (0.15)

Diluted earnings per common share (in dollars per share)

$ (0.09)

$ (0.15)

$ (5.9)

$ (10.5)

Derivative instruments, net of income tax benefit of $0.7 for the three and nine months ended September 30, 2015, respectively

3.6

4.8

0.0

Comprehensive income including noncontrolling interest

3.6

4.8

(2.3)

(5.7)

Comprehensive income (loss) attributable to noncontrolling interest

(2.3)

(2.2)

$ 0.0

$ (3.5)

[1]	Amounts may not add due to rounding

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

3 Months Ended

9 Months Ended

18 Months Ended

Jun. 23, 2016

USD ($)

May 01, 2016

USD ($)

Mar. 31, 2016

airport

Sep. 30, 2016

USD ($)

acquisition

Jun. 30, 2017

USD ($)

Jun. 22, 2016

Dec. 31, 2015

USD ($)

Previous percentage ownership of noncontrolling owners

49.00%

^[1],[2]

49.00%

Disposal Group, Held-for-sale, Not Discontinued Operations | Pester

^[1]

$ 418.0

$ 435.3

Assets and Liabilities Held for Sale

Cash received for disposal of retail business

$ 32.3

Disposal Group, Held-for-sale, Not Discontinued Operations | Pester | Other (expense) income, net

Assets and Liabilities Held for Sale

Gain (Loss) on disposal of retail business

$ 3.8

2016 Acquisitions

Cash paid for acquisition of businesses

Estimated purchase price

262.4

$ 247.9

2016 Acquisitions | Land Segment

Number of businesses acquired | acquisition

Tobras

Previous percentage of ownership of parent

Estimated purchase price

$ 3.7

51.00%

Cash paid for acquisition of businesses

$ 10.9

3.7

Increase in noncontrolling interest equity

$ 7.2

Aviation fueling operations of certain ExxonMobil affiliates

Number of airports to be acquired (more than) | airport

Aviation fueling operations of certain ExxonMobil affiliates | Forecast

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

Estimated purchase price

$ 260.0

[1]	Amounts may not add due to rounding
[2]	Relates to Tobras. See Note 3. Acquisitions, Asset and Liabilities Held for Sale.

Acquisitions, Assets and Liabilities Held for Sale - Purchase Price Allocation (Details) - 2016 Acquisitions $ in Millions	9 Months Ended
	Sep. 30, 2016 USD ($)
Business Acquisition [Line Items]
Cash paid for acquisition of businesses	$ 247.9
Amounts due to sellers	14.5
Estimated purchase price	262.4
Assets acquired:
Accounts and notes receivable	60.4
Inventories	33.7
Property and equipment	44.2
Goodwill and identifiable intangible assets	172.0
Other current and long-term assets	11.2
Liabilities assumed:
Accounts payable	(33.0)
Accrued expenses and other current liabilities	(25.9)
Long-term liabilities and deferred tax liabilities	(0.3)
Estimated purchase price	$ 262.4

Acquisitions, Assets and Liabilities Held for Sale - Unaudited Pro Forma Results (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
2016 Acquisitions
Business Acquisition [Line Items]
Revenues	$ 7,399.8	$ 8,315.4	$ 19,797.6	$ 25,202.0
Net income attributable to World Fuel	$ 42.7	$ 49.2	$ 133.2	$ 142.3
Earnings per common share:
Basic earnings per common share (in dollars per share)	$ 0.62	$ 0.70	$ 1.92	$ 2.02
Diluted earnings per common share (in dollars per share)	$ 0.61	$ 0.70	$ 1.91	$ 2.00
2015 Acquisitions
Business Acquisition [Line Items]
Revenues		$ 7,948.7		$ 24,071.1
Net income attributable to World Fuel		$ 52.0		$ 139.9
Earnings per common share:
Basic earnings per common share (in dollars per share)		$ 0.74		$ 1.98
Diluted earnings per common share (in dollars per share)		$ 0.74		$ 1.97

Derivatives - Fair Value Position (Details) - 9 months ended Sep. 30, 2016 € in Millions, ₩ in Millions, ₨ in Millions, د.إ 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, R in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, in Millions	KRW (₩) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $ bbl	JPY (¥) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	PLN (zł) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	SGD ($) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	BRL (R$) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	GBP (£) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	USD ($) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	MXN ($) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	AUD ($) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	ZAR (R) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	EUR (€) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	CAD ($) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	AED (د.إ) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	NOK (kr) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	SEK (kr) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	CHF (SFr) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	DKK (kr) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	NZD ($) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	RON ( ) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	CLP ($) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	COP ($) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $	INR (₨) $ / bbl $ / $ $ / د.إ $ / kr $ / € $ / $ $ / ₩ $ / zł $ / kr $ / R $ / £ $ / ¥ $ / SFr $ / ₨ $ / $ $ / $ $ / kr $ / $ / $ $ / $ $ / $
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts for inventory hedging
Derivative instruments, at their respective fair value positions
Fair Value Amount							$ (7.8)
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts for inventory hedging \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	2.2
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523	58.523
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)	(3.491)
Fair Value Amount							$ (7.8)
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts for firm commitment hedging
Derivative instruments, at their respective fair value positions
Fair Value Amount							$ 5.5
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts for firm commitment hedging \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.3
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448	57.448
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489	7.489
Fair Value Amount							$ 1.9
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts for firm commitment hedging \| 2017
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.5
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095	59.095
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346	7.346
Fair Value Amount							$ 3.6
Derivatives designated as hedging instruments \| Cash flow hedges \| Commodity contracts for inventory hedging
Derivative instruments, at their respective fair value positions
Fair Value Amount							$ (14.3)
Derivatives designated as hedging instruments \| Cash flow hedges \| Commodity contracts for inventory hedging \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	6.7
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523	52.523
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)	(0.480)
Fair Value Amount							$ (3.2)
Derivatives designated as hedging instruments \| Cash flow hedges \| Commodity contracts for inventory hedging \| 2017
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	1.6
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604	59.604
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)	(6.731)
Fair Value Amount							$ (11.0)
Derivatives not designated as hedging instruments
Derivative instruments, at their respective fair value positions
Fair Value Amount							$ 9.0
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	33.4
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940	34.940
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)	(3.061)
Fair Value Amount							$ (102.3)
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2017
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	26.8
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038	29.038
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151	2.151
Fair Value Amount							$ 57.6
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2018
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	5.1
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332	18.332
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427	1.427
Fair Value Amount							$ 7.3
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2019
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.8
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327	17.327
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299	0.299
Fair Value Amount							$ 0.2
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2020
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.4
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226	32.226
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285
Fair Value Amount							$ 0.1
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2021
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.7
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987	18.987
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320	1.320
Fair Value Amount							$ 1.0
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2022
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.7
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	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	0.000	0.000	0.000	0.000
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634	1.634
Fair Value Amount							$ 1.2
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2023
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.7
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	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	0.000	0.000	0.000	0.000
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973	1.973
Fair Value Amount							$ 1.5
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2016
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	33.7
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464	34.464
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726	2.726
Fair Value Amount							$ 92.0
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2017
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	23.0
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297	33.297
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)	(2.109)
Fair Value Amount							$ (48.5)
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2018
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	4.3
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216	19.216
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)	(0.806)
Fair Value Amount							$ (3.4)
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2019
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.6
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329	25.329
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614	0.614
Fair Value Amount							$ 0.4
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2020
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.5
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724	28.724
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909	0.909
Fair Value Amount							$ 0.4
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2021
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.8
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155	17.155
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)	(1.129)
Fair Value Amount							$ (1.0)
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2022
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.8
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006	18.006
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)	(1.404)
Fair Value Amount							$ (1.2)
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2023
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts (in barrels) \| bbl	0.8
Weighted Average Fixed Price of commodity contracts (in usd per barrel) \| $ / bbl	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916	18.916
Weighted Average Mark-to-Market of commodity contracts (in usd per barrel) \| $ / bbl	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)	(1.701)
Fair Value Amount							$ (1.4)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| AED
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| د.إ													د.إ 8.0
Fair Value Amount							$ 0.0
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| AED \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / د.إ	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676	3.676
Weighted Average Mark-to-Market of foreign currency contracts \| $ / د.إ	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	0.000	0.000	0.000	0.000
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| AUD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts									$ 8.3
Fair Value Amount							$ (0.2)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| AUD \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / $	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752	0.752
Weighted Average Mark-to-Market of foreign currency contracts \| $ / $	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)	(0.024)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| BRL
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| R$					R$ 0.3
Fair Value Amount							$ 0.0
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| BRL \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / €	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308	3.308
Weighted Average Mark-to-Market of foreign currency contracts \| $ / €	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| CAD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts												$ 76.4
Fair Value Amount							$ 0.2
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| CAD \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / $	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304	1.304
Weighted Average Mark-to-Market of foreign currency contracts \| $ / $	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	0.002	0.002	0.002	0.002
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| CHF
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| SFr																SFr 0.8
Fair Value Amount							$ 0.0
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| CHF \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / SFr	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970	0.970
Weighted Average Mark-to-Market of foreign currency contracts \| $ / SFr	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)	(0.009)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| CLP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts																				$ 3,098.0
Fair Value Amount							$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| CLP \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / $	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565	665.565
Weighted Average Mark-to-Market of foreign currency contracts \| $ / $	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	0.000	0.000	0.000	0.000
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| COP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts																					$ 60,727.0
Fair Value Amount							$ (0.3)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| COP \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / $	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994	2,979.994
Weighted Average Mark-to-Market of foreign currency contracts \| $ / $	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	0.000	0.000	0.000	0.000
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| DKK
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr																	kr 111.2
Fair Value Amount							$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| DKK \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / kr	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651	6.651
Weighted Average Mark-to-Market of foreign currency contracts \| $ / kr	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| EUR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €											€ 95.6
Fair Value Amount							$ (0.6)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| EUR \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / €	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120	1.120
Weighted Average Mark-to-Market of foreign currency contracts \| $ / €	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)	(0.006)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £						£ 139.1
Fair Value Amount							$ 3.4
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| GBP \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / £	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342	1.342
Weighted Average Mark-to-Market of foreign currency contracts \| $ / £	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| INR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| ₨																						₨ 97.0
Fair Value Amount							$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| INR \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / ₨	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091	68.091
Weighted Average Mark-to-Market of foreign currency contracts \| $ / ₨	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| JPY
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| ¥		¥ 402.7
Fair Value Amount							$ 0.0
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| JPY \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / ¥	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369	102.369
Weighted Average Mark-to-Market of foreign currency contracts \| $ / ¥	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	0.000	0.000	0.000	0.000
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| KRW
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| ₩	₩ 6,050.0
Fair Value Amount							$ 0.0
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| KRW \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / ₩	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520	1,099.520
Weighted Average Mark-to-Market of foreign currency contracts \| $ / ₩	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	0.000	0.000	0.000	0.000
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| MXN
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts								$ 2,975.6
Fair Value Amount							$ (0.2)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| MXN \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / $	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876	18.876
Weighted Average Mark-to-Market of foreign currency contracts \| $ / $	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	0.000	0.000	0.000	0.000
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| NOK
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr														kr 117.8
Fair Value Amount							$ (0.4)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| NOK \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / kr	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297	8.297
Weighted Average Mark-to-Market of foreign currency contracts \| $ / kr	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| NZD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts																		$ 4.7
Fair Value Amount							$ 0.0
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| NZD \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / $	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723	0.723
Weighted Average Mark-to-Market of foreign currency contracts \| $ / $	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)	(0.010)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| PLN
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| zł			zł 24.8
Fair Value Amount							$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| PLN \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / zł	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875	3.875
Weighted Average Mark-to-Market of foreign currency contracts \| $ / zł	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| RON
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \|																			13.7
Fair Value Amount							$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| RON \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ /	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011	4.011
Weighted Average Mark-to-Market of foreign currency contracts \| $ /	(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)	(0.004)	(0.004)	(0.004)	(0.004)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| SEK
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr															kr 58.2
Fair Value Amount							$ 0.0
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| SEK \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / kr	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528	8.528
Weighted Average Mark-to-Market of foreign currency contracts \| $ / kr	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| SGD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts				$ 40.7
Fair Value Amount							$ 0.0
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| SGD \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / $	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353	1.353
Weighted Average Mark-to-Market of foreign currency contracts \| $ / $	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| ZAR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| R										R 81.3
Fair Value Amount							$ 0.2
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2016 \| ZAR \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / R	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720	14.720
Weighted Average Mark-to-Market of foreign currency contracts \| $ / R	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	0.002	0.002	0.002	0.002
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2017 \| EUR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €											€ 4.7
Fair Value Amount							$ (0.2)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2017 \| EUR \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / €	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148	1.148
Weighted Average Mark-to-Market of foreign currency contracts \| $ / €	(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)	(0.039)	(0.039)	(0.039)	(0.039)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2017 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £						£ 23.4
Fair Value Amount							$ 3.3
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2017 \| GBP \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / £	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425	1.425
Weighted Average Mark-to-Market of foreign currency contracts \| $ / £	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143	0.143
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2017 \| SEK
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr															kr 25.2
Fair Value Amount							$ 0.2
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2017 \| SEK \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / kr	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301	8.301
Weighted Average Mark-to-Market of foreign currency contracts \| $ / 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	0.007	0.007	0.007	0.007
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2018 \| EUR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €											€ 1.7
Fair Value Amount							$ (0.1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2018 \| EUR \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / €	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	1.105	1.105	1.105	1.105
Weighted Average Mark-to-Market of foreign currency contracts \| $ / €	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)	(0.041)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2018 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £						£ 1.4
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
Weighted Average Fixed Price of foreign currency contracts \| $ / £	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361	1.361
Weighted Average Mark-to-Market of foreign currency contracts \| $ / £	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060	0.060
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2018 \| SEK
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr															kr 16.9
Fair Value Amount							$ 0.2
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2018 \| SEK \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / kr	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149	8.149
Weighted Average Mark-to-Market of foreign currency contracts \| $ / kr	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010	0.010
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2019 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £						£ 0.6
Fair Value Amount							$ 0.0
Derivatives not designated as hedging instruments \| Foreign currency contracts \| 2019 \| GBP \| Weighted Average
Derivative instruments, at their respective fair value positions
Weighted Average Fixed Price of foreign currency contracts \| $ / £	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401	1.401
Weighted Average Mark-to-Market of foreign currency contracts \| $ / £	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086	0.086

Derivatives - Balance Sheet Location (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	$ 268.8	$ 522.9
Derivative liabilities	276.3	468.7
Derivatives designated as hedging instruments
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	65.2	127.7
Derivative liabilities	81.7	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 assets	8.9	114.0
Derivative liabilities	6.8	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 assets	0.1	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 assets	56.1	6.3
Derivative liabilities	74.8	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 assets	203.6	395.2
Derivative liabilities	194.6	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 assets	34.4	241.4
Derivative liabilities	7.6	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 assets	37.1	17.0
Derivative liabilities	21.8	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 assets	118.9	120.4
Derivative liabilities	152.0	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 assets	1.6	4.0
Derivative liabilities	6.8	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 assets	9.1	10.9
Derivative liabilities	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 assets	1.4	0.7
Derivative liabilities	0.1	0.0
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 assets	1.1	0.8
Derivative liabilities	$ 3.0	$ 1.7

Derivatives - Effect on Income (Details) - USD ($)	3 Months Ended		9 Months Ended
Derivatives - Effect on Income (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 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	$ 0	$ 0	$ 0
Commodity contracts
Derivative, credit-risk related contingent features
Net Liability Position Subject to Collateral Requirements	14,000,000		14,000,000		$ 63,200,000
Collateral Posted	(2,200,000)		(2,200,000)		(28,100,000)
Contingent Additional Collateral	11,800,000		11,800,000		$ 35,100,000
Derivatives designated as hedging instruments \| Fair value hedges \| Cost of revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Derivative Instruments	11,300,000	52,800,000	(19,500,000)	36,700,000
Realized and Unrealized Gain (Loss) on Hedged Items	(900,000)	(48,500,000)	9,800,000	(29,200,000)
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts for firm commitment hedging \| Cost of revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Derivative Instruments	700,000	0	700,000	0
Realized and Unrealized Gain (Loss) on Hedged Items	(800,000)	0	(800,000)	0
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts for inventory hedging \| Cost of revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Derivative Instruments	10,600,000	52,800,000	(20,200,000)	36,700,000
Realized and Unrealized Gain (Loss) on Hedged Items	(100,000)	(48,500,000)	10,600,000	(29,200,000)
Derivatives designated as hedging instruments \| Cash flow hedges
Gain (loss) on derivative
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)	28,700,000	(1,100,000)	25,100,000	(1,100,000)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)	(36,400,000)	0	(27,900,000)	0
Amount of Gain (Loss) Recognized in Income (Ineffective Portion)	(700,000)	(300,000)	(3,000,000)	(300,000)
Derivatives designated as hedging instruments \| Cash flow hedges \| Commodity contracts \| Revenue
Gain (loss) on derivative
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)	11,200,000	300,000	(105,300,000)	300,000
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)	16,600,000	0	(30,700,000)	0
Amount of Gain (Loss) Recognized in Income (Ineffective Portion)	2,900,000	(1,200,000)	(12,200,000)	(1,200,000)
Derivatives designated as hedging instruments \| Cash flow hedges \| Commodity contracts \| Cost of revenue
Gain (loss) on derivative
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)	17,400,000	(1,400,000)	130,400,000	(1,400,000)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)	(53,000,000)	0	2,900,000	0
Amount of Gain (Loss) Recognized in Income (Ineffective Portion)	(3,600,000)	900,000	9,200,000	900,000
Derivatives not designated as hedging instruments
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	4,500,000	8,600,000	0	30,200,000
Derivatives not designated as hedging instruments \| Commodity contracts \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	18,300,000	43,200,000	51,700,000	89,200,000
Derivatives not designated as hedging instruments \| Commodity contracts \| Cost of revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	(14,600,000)	(39,900,000)	(53,300,000)	(68,000,000)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	1,300,000	3,400,000	7,700,000	2,100,000
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Other (expense) income, net
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	$ (500,000)	$ 1,900,000	$ (6,100,000)	$ 6,900,000

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

9 Months Ended

May 01, 2016

Sep. 30, 2016

Sep. 30, 2015

Dec. 31, 2015

Debt

$ 1,138.9

$ 772.2

268.8

$ 522.9

Proceeds from sale of business

276.3

468.7

$ 29.3

29.3

^[1]

$ 0.0

^[1]

Amount to be received

$ 3.0

Level 1

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

0.0

168.7

255.4

0.0

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

179.4

340.1

Level 2

3.1

106.5

266.7

14.3

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

100.2

142.7

Level 3

0.0

0.6

3.2

0.0

0.3

0.2

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

Cash surrender value of life insurance | Level 1

^[1]

3.9

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

Cash surrender value of life insurance | Level 2

0.0

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

Cash surrender value of life insurance | Level 3

3.9

2.4

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

Fair value measured on recurring basis

0.0

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

3.1

Netting and collateral, asset

275.8

525.3

(218.4)

(283.1)

Total, inventories asset

^[1]

3.1

^[1]

57.3

242.2

14.3

Netting and collateral, liability

279.9

483.0

(237.4)

(393.7)

Total, inventories liability

^[1]

14.3

Fair value measured on recurring basis | Level 3

^[1]

42.4

89.3

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

Debt

1,138.9

772.2

Notes receivable

17.4

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

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

3.9

2.4

^[1]

Commodity contracts

43.3

231.5

Commodity contracts | Level 1

37.0

74.1

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

168.7

255.4

Commodity contracts | Level 2

179.4

340.1

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

87.9

251.9

Commodity contracts | Level 3

90.2

123.4

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

0.6

3.2

Commodity contracts | Fair value measured on recurring basis

0.3

0.2

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

Netting and collateral, derivative asset

257.2

510.5

(213.8)

(279.0)

^[1]

43.3

231.5

Netting and collateral, derivative liability

269.9

463.7

(232.8)

(389.6)

Foreign currency contracts

^[1]

37.0

74.1

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

7.0

8.3

Foreign currency contracts | Level 1

1.9

0.9

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

0.0

Foreign currency contracts | Level 2

0.0

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

11.6

12.4

Foreign currency contracts | Level 3

6.5

5.0

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

0.0

Foreign currency contracts | Fair value measured on recurring basis

0.0

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

Netting and collateral, derivative asset

11.6

12.4

(4.6)

(4.1)

^[1]

7.0

8.3

Netting and collateral, derivative liability

6.5

5.0

(4.6)

(4.1)

Firm Commitments | Level 1

^[1]

1.9

$ 0.9

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

Firm Commitments | Level 2

0.0

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

Firm Commitments | Level 3

3.5

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

Firm Commitments | Fair value measured on recurring basis

0.0

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

Netting and collateral, derivative liability

3.5

0.0

^[1]

$ 3.5

[1]	Amounts may not add due to rounding

Fair Value Measurements - Commodity and Foreign Currency Contracts (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Fair value measurement, additional disclosure
Cash collateral deposits held by financial counterparties	$ 47.5	$ 174.6
Cash collateral deposits held by financial counterparties, offset against liabilities	20.0	132.2
Cash collateral deposits held by financial counterparties, not offset	27.6	42.4
Cash collateral received from customers	1.0	21.6
Commodity contracts
Derivative instruments, at their respective fair value positions
Total net assets	43.3	231.5
Total net liabilities	37.0	74.1
Commodity contracts \| Short-term derivative assets, net
Derivative instruments, at their respective fair value positions
Total net assets	28.1	212.6
Commodity contracts \| Identifiable intangible and other non-current assets
Derivative instruments, at their respective fair value positions
Total net assets	15.2	18.9
Commodity contracts \| Accrued expenses and other current liabilities
Derivative instruments, at their respective fair value positions
Total net liabilities	31.9	68.7
Commodity contracts \| Other long-term liabilities
Derivative instruments, at their respective fair value positions
Total net liabilities	5.2	5.4
Foreign currency contracts
Derivative instruments, at their respective fair value positions
Total net assets	7.0	8.3
Total net liabilities	1.9	0.9
Foreign currency contracts \| Short-term derivative assets, net
Derivative instruments, at their respective fair value positions
Total net assets	5.7	7.6
Foreign currency contracts \| Identifiable intangible and other non-current assets
Derivative instruments, at their respective fair value positions
Total net assets	1.3	0.7
Foreign currency contracts \| Accrued expenses and other current liabilities
Derivative instruments, at their respective fair value positions
Total net liabilities	$ 1.9	$ 0.9

Fair Value Measurements - Level 3 Inputs (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Percent change in non-performance risk fair value input			10.00%
Transfer from Level 1 to Level 2, commodity contracts assets	$ 0	$ 0	$ 0	$ 0
Transfer from Level 2 to Level 1, commodity contracts assets	0	0	0	0
Transfer from Level 1 to Level 2, commodity contracts liabilities	0	0	0	0
Transfer from Level 2 to Level 1, commodity contracts liabilities	0	0	0	0
Commodity contracts \| Revenue
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Beginning balance of commodity contracts assets	500,000	500,000	3,300,000	4,200,000
Realized and Unrealized Gains (Losses) Included in Earnings for commodity contracts assets	100,000	(100,000)	(2,300,000)	700,000
Settlements, commodity contracts assets	0	100,000	1,800,000	4,600,000
Transfers into Level 3, commodity contracts assets	0	1,000,000	1,300,000	1,000,000
Ending balance of commodity contracts assets	600,000	1,300,000	600,000	1,300,000
Change in Unrealized Gains (Losses) Relating to Assets that are Held at end of Period	200,000	1,000,000	(2,200,000)	1,400,000
Commodity contracts \| Cost of revenue
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Beginning balance of commodity contracts liabilities	300,000	400,000	200,000	1,300,000
Realized and Unrealized Gains (Losses) included in Earnings for commodity contracts liabilities	(100,000)	400,000	(200,000)	800,000
Settlements, commodity contracts liabilities	0	0	0	500,000
Transfers into Level 3, commodity contracts liabilities	100,000	(100,000)	100,000	(100,000)
Ending balance of commodity contracts liabilities	300,000	100,000	300,000	100,000
Change in Unrealized Gains (Losses) Relating to Liabilities that are Held at end of Period	$ 200,000	$ 500,000	$ 0	$ 900,000

Debt - Instruments (Details) - USD ($)	Oct. 26, 2016	Sep. 30, 2016	Dec. 31, 2015
Term loans
Schedule Of Debt Instruments [Line Items]
Amount of term loan outstanding		$ 323,000,000	$ 333,200,000
Credit facility
Schedule Of Debt Instruments [Line Items]
Amount outstanding		796,000,000	416,000,000
Unused portion of facility		457,600,000	838,500,000
Letters of credit and bankers acceptance
Schedule Of Debt Instruments [Line Items]
Amount outstanding		5,100,000	5,500,000
Other uncommited credit lines
Schedule Of Debt Instruments [Line Items]
Letters of credit, outstanding amount		$ 156,800,000	$ 208,400,000
Subsequent Event \| Addition to Term loan
Schedule Of Debt Instruments [Line Items]
Term loan	$ 520,000,000
Subsequent Event \| Term loans
Schedule Of Debt Instruments [Line Items]
Term loan	840,000,000
Subsequent Event \| Credit facility
Schedule Of Debt Instruments [Line Items]
Maximum additional borrowings available at the entity's request subject to satisfaction of certain conditions	$ 200,000,000

Debt - Summary and Maturities (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Dec. 31, 2015

^[1]

$ 1,138.9

$ 772.2

$ 1,138.9

$ 772.2

28.8

^[1]

25.5

28.8

^[1]

25.5

$ 25.5

Interest Income, Expense and Other Financing Costs

1,110.1

^[1]

746.7

1,110.1

^[1]

746.7

$ 746.7

Interest income

0.8

1.3

3.6

4.0

Interest expense and other financing costs

(11.0)

(9.2)

(29.5)

(25.5)

^[1]

(10.3)

(7.9)

(26.0)

(21.5)

Credit Facility

796.0

416.0

796.0

416.0

Term Loans

323.0

333.2

323.0

333.2

Capital leases

14.3

12.0

14.3

12.0

Other

Other Comprehensive (Loss) Income [Roll Forward]

$ 5.6

$ 11.0

$ 5.6

$ 11.0

[1]	Amounts may not add due to rounding

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

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

^[1]

$ 1,905.9

$ 1,859.4

^[1]

$ (22.4)

$ (28.5)

(30.7)

(39.1)

Foreign Currency Translation Adjustments

^[1]

1,976.8

1,864.4

1,976.8

1,864.4

Other Comprehensive (Loss) Income [Roll Forward]

(108.7)

(59.2)

Less: Net other comprehensive (loss) income attributable to noncontrolling interest

(27.9)

(38.1)

(1.8)

4.6

Other Comprehensive (Loss) Income [Roll Forward]

(134.8)

(101.9)

(134.8)

(101.9)

Derivative Instruments

(0.8)

0.0

Less: Net other comprehensive (loss) income attributable to noncontrolling interest

(2.8)

(1.1)

0.0

Accumulated Other Comprehensive Loss

(3.6)

(1.1)

(3.6)

(1.1)

Other Comprehensive (Loss) Income [Roll Forward]

(109.5)

(59.2)

Less: Net other comprehensive (loss) income attributable to noncontrolling interest

(30.7)

(39.2)

(1.8)

4.6

Effective income tax rate (as a percent)

$ (138.3)

$ (103.0)

$ (138.3)

$ (103.0)

[1]	Amounts may not add due to rounding

Income Taxes (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Income tax provision

^[1]

$ 5.4

$ 17.7

$ 15.7

$ 33.6

11.10%

29.30%

11.20%

21.70%

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

$ 1.6

Decrease in foreign income taxes due to special income tax concession

$ 0.6

$ 1.1

$ 2.4

$ 3.9

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

$ 0.01

$ 0.02

$ 0.03

$ 0.05

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

$ 0.01

$ 0.02

$ 0.03

$ 0.05

Without income tax benefit adjustment

Effective income tax rate (as a percent)

12.40%

[1]	Amounts may not add due to rounding

Goodwill (Details)
$ in Millions

9 Months Ended

Sep. 30, 2016

USD ($)

$ 675.8

^[1]

56.4

(12.2)

720.0

^[1]

675.8

^[1]

Aviation Segment

173.7

0.0

(4.7)

169.0

173.7

Land Segment

430.7

56.4

(8.3)

478.8

430.7

Marine segment

71.4

0.0

0.7

72.1

PAPCO and APP | Land Segment

71.4

52.6

$ 52.6

[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

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Numerator: