← Filings of MOS
Tables in the 10-K of MOSAIC CO
112 tables with numbers, filed Feb 27, 2026. Each one downloads as an Excel file or a CSV (numbers are stored as numbers),
with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
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Table 1 after “2025 ANNUAL REPORT ON FORM 10-K CONTENTS”
| Part I: | | Page |
| Item 1. | Business | 1 |
| • Overview | 1 |
| • Business Segment Information | 3 |
| • Sales and Distribution Activities | 13 |
| • Competition | 15 |
| • Factors Affecting Demand | 16 |
| • Other Matters | 16 |
First 8 of 36 rows. The download has all of them.
Table 2 after “Annual capacity by plant as of December 31, 2025 and production volumes by plant for 2025 are listed below:”
| (tonnes in millions) | Phosphoric Acid | Processed Phosphate(a)/DAP/MAP/ MicroEssentials®/Feed Phosphate | | | | |
| Operational Capacity(b) | | | Operational Capacity(b) | | |
| Facility | Production(c) | Production(c) | | | | |
| Florida: | | | | | | |
| Bartow | 1.1 | | 0.8 | | 2.5 | 1.9 |
| New Wales | 1.7 | | 1.0 | | 4.0 | 2.1 |
| Riverview | 0.9 | | 0.6 | | 1.8 | 1.2 |
| 3.7 | | 2.4 | | 8.3 | 5.2 |
First 8 of 13 rows. The download has all of them.
Table 3 after “The following table shows, for each of our potash mines, annual capacity as of December 31, 2025 and finished product output for 2025:”
| (tonnes in millions) | | | | | |
| Facility | AnnualizedProvenPeakingCapacity(a)(c) | AnnualOperationalCapacity(a)(b)(e) | | FinishedProduct(b) | |
| Canada | | | | | |
| Belle Plaine—MOP(d) | 3.9 | | 3.0 | | 3.0 |
| Colonsay—MOP (d)(f) | 2.6 | | 1.5 | | 0.8 |
| Esterhazy—MOP(d)(g) | 6.3 | | 6.3 | | 4.7 |
| Canadian Total | 12.8 | | 10.8 | | 8.5 |
| United States | | | | | |
First 8 of 11 rows. The download has all of them.
Table 4 after “Annual capacity and production volume by plant as of December 31, 2025 are listed below:”
| (tonnes of ore in millions) | Phosphoric Acid | Processed Phosphate(a) (MAP/TSP/SSP/DCP/Feed) | | | | | |
| Facility | Capacity(b) | Production(c) | | Capacity(b) | Production(c) | | |
| Phosphate | | | | | | | |
| Uberaba | 0.9 | | 0.8 | | | 2.0 | 1.6 |
| Cajati | 0.2 | | 0.2 | | | 0.5 | 0.4 |
| Araxá | — | | — | | | 1.1 | 0.7 |
| Catalão | — | | — | | | 0.4 | 0.4 |
| Total | 1.1 | | 1.0 | | | 4.0 | 3.1 |
Table 5 after “As of December 31, 2025, our regular employee base was made up of the following:”
| Country | Male | Female | | Total | |
| Brazil | 4,968 | | 1,219 | | 6,187 |
| United States | 3,375 | | 646 | | 4,021 |
| Canada | 1,690 | | 315 | | 2,005 |
| Peru | 649 | | 70 | | 719 |
| China | 121 | | 61 | | 182 |
| India | 70 | | 7 | | 77 |
| Paraguay | 35 | | 17 | | 52 |
First 8 of 10 rows. The download has all of them.
Table 6 after “Information regarding our executive officers as of February 27, 2026 is set forth below:”
| Name | Age | Position | |
| Philip E. Bauer | 53 | | Senior Vice President, General Counsel and Corporate Secretary |
| Bruce M. Bodine Jr. | 54 | | Chief Executive Officer, President and Director |
| Walter F. Precourt III | 61 | | Senior Vice President and Chief Administrative Officer |
| Luciano Siani Pires | 56 | | Executive Vice President and Chief Financial Officer |
| Karen A. Swager | 55 | | Executive Vice President - Operations |
| Yijun (“Jenny”) Wang | 58 | | Executive Vice President - Commercial |
Table 7 after “Table 2.1 shows the production tonnage and grade for all phosphate properties for 2025, 2024 and 2023.”
| Table 2.1 Summary of Production - Phosphate Properties | | | | | | | | | | |
| (in millions of tonnes) | | December 31, | | | | | | | | |
| Mine Property | Annual Operational Capacity (tonnes)(a)(b) | 2025 | | | 2024 | | 2023 | | | |
| Production (tonnes) | %P2O5(c) | | | Production (tonnes) | %P2O5(c) | | Production (tonnes) | %P2O5(c) | | |
| Phosphate (Grade: P2O5)(c) | | | | | | | | | | |
| Florida(d) | 14.0 | 9.5 | 27.9 | | | 8.9 | 28.3 | | 9.1 | 27.8 |
| Total United States | 14.0 | 9.5 | 27.9 | | | 8.9 | 28.3 | | 9.1 | 27.8 |
| Miski Mayo (e)(f) | 4.8 | 5.1 | 19.7 | | | 4.8 | 29.7 | | 4.7 | 29.7 |
First 8 of 15 rows. The download has all of them.
Table 8 after “Table 2.2 shows the production tonnage and grade for the potash properties for 2025, 2024 and 2023.”
| Table 2.2 Summary of Production - Potash Properties | | | | | | | | | | | | | | |
| (in millions of tonnes) | | | | December 31, | | | | | | | | | | |
| Facility | Annualized Proven Peaking Capacity (tonnes)(a)(b) | | Annual Operational Capacity (tonnes) (b)(c)(d) | | 2025 | | 2024 | | 2023 | | | | | |
| | Ore Mined (tonnes) | Grade % K2O(e) | | Ore Mined (tonnes) | Grade % K2O(e) | | Ore Mined (tonnes) | Grade % K2O(e) | | | | | |
| Belle Plaine – MOP(f) | 3.9 | | 3.0 | | 11.0 | 19.3 | | 11.6 | 19.3 | | 10.2 | 19.3 | | |
| Esterhazy – MOP(g) | 6.3 | | 6.3 | | 15.5 | 21.9 | | 15.6 | 22.2 | | 14.1 | 23.4 | | |
| Colonsay – MOP(h) | 2.6 | | 1.5 | | 2.5 | 25.4 | | 1.8 | 26.5 | | 1.8 | 25.6 | | |
| Total Canada | 12.8 | | 10.8 | | 29.0 | 21.2 | | 29.0 | 21.3 | | 26.1 | 21.9 | | |
First 8 of 13 rows. The download has all of them.
Table 9 after “Table of Content”
| Titles, mineral rights, leases or options and acreage | We lease approximately 118,378 acres of mineral rights for the Colonsay Facility from the Province of Saskatchewan (the “Crown”) under Subsurface Mineral Lease KL 108. The lease term is for a period of 21 years, with renewals at our option for additional 21-year lease periods. In addition, we own or lease approximately 14,451 acres of mineral rights within the Colonsay area. All mineral properties owned or leased by Mosaic are for the “subsurface mineral” commodity as defined in The Subsurface Mineral Tenure Regulations (Saskatchewan). We own approximately 5,972 acres of surface rights in the Colonsay area. All infrastructure including the processing plant and tailings management areas ( “TMAs” or “TMA”) are located on our owned land. |
| Key permit conditions | A water rights license issued by the Saskatchewan Water Security Agency is in place and expires in 2032. The license is associated with the allocation of surface water rights for the site. An Approval to Operate Pollutant Control Facilities, issued by the Saskatchewan Ministry of Environment, is also in place and expires in July 2028. It is expected to be renewed at or before expiration. There are no other significant encumbrances, including permitting requirements (existing or anticipated in the future) associated with the Colonsay Facility. Except for the royalties, we do not anticipate any future significant encumbrances based on current known regulations and existing permitting processes. There are no outstanding violations and fines. |
| Mine types and mineralization styles | The intracratonic Elk Point Basin is a major sedimentary geological feature in western Canada and the northwest U.S. It contains one of the world’s largest stratabound potash resources that represents almost 25% of the global potash production. The Prairie Evaporite hosts rich deposits of evaporite minerals including NaCl, KCl and locally, carnallite that occur in three potash deposits: the Esterhazy, Belle Plaine and Patience Lake members. The Colonsay deposit includes two potash-bearing members within its local stratigraphy; the Patience Lake Member and the Belle Plaine Member. Mining at Colonsay is conducted within the upper portion of the Patience Lake Member using a room and pillar mining method. The Colonsay Facility uses an underground room and pillar mining method to extract potash. After being transported along a network of conveyor systems to the shaft, it is hoisted to the surface for onsite processing. |
| Processing plants and other facilities | Mill facility, beneficiation plant |
| Carlsbad Potash Facility (“Carlsbad Facility”) | |
| Location | New Mexico, U.S. |
| Type and amount of ownership interests | 100% owned by Mosaic Potash Carlsbad Inc., a wholly-owned, indirect subsidiary of Mosaic. |
| Titles, mineral rights, leases or options and acreage | The property consists of 89% federally owned and 11% state owned land, and 40 acres of privately owned mineral rights that Mosaic leases. We lease approximately 64,267 acres of mineral rights from the U.S. Department of Interior Bureau of Land Management (“BLM”). These lease terms are for a period of 20 years and are reviewed and renewed at their end of term. Surface rights are subject to separate ownership and title from subsurface mineral rights. We own 8,370 acres of surface rights. All infrastructure, including the processing plant, TMA, cluster sites, and pipeline rights of way, are located on Mosaic-owned land. |
Table 10 after “Table of Content”
| Key permit conditions | Mosaic currently holds a total of four mining permits within the Araxá area (2,769 hectares) and two mining permits and two exploration permits within the Patrocínio area (3,480 hectares). Permit conditions are dictated by operating licenses, which are maintained and renewed on a regular basis. As of December 31, 2025, all environmental licenses were valid or were being renewed pursuant to applications filed with the Brazilian Environmental Agency. There are action plans in progress to comply with the environmental conditions of the permits that are not met yet within the applicable regulations. Araxá and Patrocínio’s environmental controls are related to monitoring the quality of wastewater, surface water, groundwater and air, as well as waste management. Additional environmental controls are in place for air emissions, air quality and noise. Tailings storage facilities and other impoundment’s stability are monitored through a continuous monitoring program, as well as routine inspections. |
| Mine types and mineralization styles | The Araxá and Patrocínio phosphate deposits are part of a series of Late-Cretaceous, carbonatite-bearing alkaline ultramafic plutonic complexes belong to the Alto Paranaiba Igneous Province. The tropical weather regime prevailing in the region and the inward drainage patterns developed from the weather-resistant quartzite margins of the dome structures resulted in the development of an extremely thick soil cover in most of the complexes. The extreme weathering was responsible for the residual concentration of apatite. The phosphate ore is extracted through surface mining by limited drilling and blasting, loaded into trucks and transported to the beneficiation plants. Patrocinio does not have its own beneficiation plant, so the ore is transported by rail to Araxá for processing. |
| Processing plants and other facilities | Two beneficiation plants at Araxá |
| Complexo Mineroquímico de Cajati (“Cajati”) | |
| Location | Near Cajati, São Paulo, Brazil |
| Type and amount of ownership interests | 100% owned by Mosaic Fertilizantes P&K S.A., a wholly-owned indirect subsidiary of Mosaic. |
| Titles, mineral rights, leases or options and acreage | Mining rights in Brazil are governed by the Mining Code, Decree 227, dated February 27, 1967, and further regulation enacted by the ANM. All subsoil situated within Brazilian territory is deemed state property, with the mining activities subject to specific permits granted by the ANM. |
| Key permit conditions | Mosaic currently holds a total of eight permits within the CMC area (2,131 hectares). Permit conditions are dictated by operating licenses, which are maintained and renewed on a regular basis. As of December 31, 2025, all environmental licenses were either valid or were being renewed pursuant to applications filed with the Brazilian Environmental Agency. There are action plans in progress to comply with the environmental conditions of the permits that are not met yet within the environmental permits. Cajati’s environmental controls are related to monitoring the quality of wastewater, surface and groundwater and air, as well as waste management. Additional environmental controls are in place for air emissions, air quality and noise. Tailings storage facilities and other impoundment’s stability are strictly monitored through a continuous monitoring program as well as routine inspections. |
First 8 of 9 rows. The download has all of them.
| (in millions of tonnes) | | | | | | | | | | | | |
| Commodity/Geography/Mine Property Name | | Measured Mineral Resources | Indicated Mineral Resources | Measured + Indicated Mineral Resources | Inferred Mineral Resources | | | | | | | |
| tonnes | Grade | tonnes | Grade | tonnes | Grade | tonnes | Grade | | | | |
| Phosphate (Grade: P2O5 )(b) | | | | | | | | | | | | |
| United States | | | | | | | | | | | | |
| Florida(c) | | 102.0 | | 29.9 | | 415.0 | | 30.1 | 517.0 | 30.0 | 83.0 | 30.0 |
| Peru | | | | | | | | | | | | |
| Miski Mayo(d) | | 157.7 | | 16.7 | | 139.0 | | 16.3 | 296.7 | 16.5 | 27.7 | 16.0 |
First 8 of 22 rows. The download has all of them.
| (in millions of tonnes) | | | | | | | |
| Commodity/Geography/Mine Property Name | Proven Mineral Reserves | Probable Mineral Reserves | Total Mineral Reserves | | | | |
| tonnes | Grade | tonnes | Grade | tonnes | Grade | | |
| Phosphate (Grade: P2O5)(b) | | | | | | | |
| United States | | | | | | | |
| Florida(c) | 38.0 | 27.6 | 58.0 | 26.9 | 96.0 | 27.0 | |
| Peru | | | | | | | |
| Miski Mayo(d) | 84.2 | 15.6 | 54.1 | 15.0 | 138.3 | 15.4 | |
First 8 of 21 rows. The download has all of them.
Table 13 after “Table 2.8: Property Locations”
| Property | Location |
| South Fort Meade Facility | Straddles the county line road beginning 1.3 miles (2.1 km) east of the City of Bowling Green and continuing another five miles (8 km). Located at 27.667195 N, 81.761349 W. |
| Four Corners Facility | Located in southeast Hillsborough County, northeast Manatee County and southwest Polk County. Located at 27.646144 N, 82.087305 W. |
| Wingate Facility | Most of the property associated with this mine is west of Duette Road and north of State Road 64. There is a portion of this property that exists on the east side of Duette Road that begins approximately three miles (2 km) north of State Road 64. Located at 27.504452 N, 82.132221 W. |
| DeSoto Property | This exploration property is bisected by State Road 70 and State Road 72 running east and west and the county line running north and south. A portion of the DeSoto property is owned fee simple and the mining interests on the remaining portion is secured by mineral rights. Located at 27.263018 N, 82.035208 W. |
| Pioneer Property | This exploration property is bisected by County Road 663 running north and south. Several local roads (Murphy, Bridges, Bennett and Post Plant) cross this parcel. Located at 27.439391 N, 81.940020 W. |
| South Pasture Property | The property is situated along a ten mile stretch of State Road 64 and a seven mile stretch along County Road 663. All parcels are bisected by County Road 663, State Road 62, State Road 64 and several local roads. The mining and beneficiation activities at this location have been idled. Located at 27.585787 N, 81.942888 W. |
Table 14 after “Table 2.9: Property Status and Acreages”
| Status (Acres) | | | | | | | | |
| Florida Phosphate Property Status and Acreages | | | | | | | | |
| Fee Simple | Mining Agreement | | Mineral Rights (b) | | Lease | Total | | |
| South Fort Meade Facility | 15,984 | | 25,528 | | (a) | 92 | | 711 | 42,315 |
| Four Corners Facility | 55,659 | | — | | | — | | — | 55,659 |
| Wingate Facility | 8,761 | | — | | | — | | — | 8,761 |
| DeSoto Property | 24,113 | | 8 | | | 18,943 | | — | 43,064 |
| Pioneer Property | 26,017 | | — | | | — | | — | 26,017 |
First 8 of 10 rows. The download has all of them.
Table 15 after “Table 2.10: History”
| Date | Event/Activity |
| 1881 | Pebble phosphate discovered along the Peace River south of Fort Meade by Captain J. Francis LeBaron, chief engineer of a detachment of the Engineering Corps, United States Army. |
| 1888 | Phosphate rock first commercially mined along the Peace River. |
| 1977 | Farmland Industries purchased the Pioneer (eastern portion a.k.a. Hickory Creek) property. |
| 1981 | Beker Phosphate Company opened Wingate. |
| 1983 | Four Corners construction was completed. The operation was an equal partnership between IMC and W.R. Grace Corporation. |
| 1985 | Wingate was closed after Beker Phosphate Company filed for bankruptcy. |
| 1985 | Four Corners started production. |
First 8 of 34 rows. The download has all of them.
| Parameter | Value | TRS Section |
| Supporting Information | Regional geologic studies, 56,972 drill holes and greater than 40 years of mining history. | Section 7 |
| Average total thickness of the phosphate mineralization | 13 to 50 feet (4 to 15 m) | Section 6 |
| Minimum Concentrate %P2O5 | 27.5% | Section 11 |
| Minimum Pebble %P2O5 | 18.3 to 22.9% | Section 11 |
| Maximum pebble magnesium oxide (“MgO”) cut-off volume | 2.5% | Section 11 |
| Maximum Clay Content | 40 to 50% | Section 11 |
| Maximum Dragline Mining depth | 85 feet (26 m) | Section 11 |
First 8 of 26 rows. The download has all of them.
Table 17 after “(a)(b)(c)(d)(f)”
| (tonnes in millions) | | | | |
| Category | Tonnes(e) | Grade %P2O5(e) | Cut-off Grade | Metallurgical Recovery % |
| Measured | 102.0 | 29.9 | n/a | 100% |
| Indicated | 415.0 | 30.1 | n/a | 100% |
| Measured + Indicated | 517.0 | 30.0 | n/a | 100% |
| Inferred | 83.0 | 30.0 | n/a | 100% |
Table 18 after “a)(b)(c)(d)(e)”
| (tonnes in millions) | | | |
| Category | Tonnes | Grade%P2O5 | Metallurgical Recovery % |
| Proven | 38 | 27.6 | Pebble: 80.3 to 100%, Concentrate: 70.8 to 76.4% |
| Probable | 58 | 26.9 | Pebble: 80.3 to 100%, Concentrate: 70.8 to 76.4% |
| Proven + Probable | 96 | 27 | Pebble: 80.3 to 100%, Concentrate: 70.8 to 76.4% |
Table 19 after “Table 2.15: Sections and Acreages Owned by the Crown”
| Township/Range | Sections of Mineral Rights Owned by Crown* | Area of Mineral Rights Owned by Crown (acres) |
| 18/21 | 2/100 | 12 |
| 19/21 | 4-13/16 | 3,087 |
| 17/22 | 4-14/16 | 3,118 |
| 18/22 | 9-10/16 | 6,166 |
| 19/22 | 9-6/16 | 5,991 |
| 17/23 | 9-11/16 | 6,201 |
| 18/23 | 14-13/16 | 9,475 |
First 8 of 12 rows. The download has all of them.
Table 20 after “Table 2.16: Sections and Acreages of Mosaic Owned Mineral Rights”
| Township/Range | Sections of Mineral Rights Owned by Mosaic* | Area of Mineral Rights Owned by Mosaic (acres) | Area of Full Quarter Sections Owned by Mosaic (acres) |
| 17/23 | 10-14/16 | 6,962 | 5,910 |
| 18/23 | 6-11/16 | 4,275 | 3,817 |
| 17/24 | 7-7/16 | 4,762 | 3,526 |
| 18/24 | 5-2/2016 | 3,285 | 2,871 |
| Total | 30-2/16 | 19,284 | 16,124 |
Table 21 after “Table 2.17: Partial Mineral Rights Area”
| Township/Range | Sections of Crown Mineral Rights Leased by Mosaic, Currently Not Mineable* | Crown Mineral Rights Leased by Mosaic, Currently Not Mineable (acres) |
| 18/22 | 1-2/100 | 652 |
| 19/22 | 1-7/100 | 682 |
| 18/23 | 38/100 | 241 |
| 18/24 | 48/100 | 307 |
| Total | 2-94/100 | 1,882 |
Table 22 after “Table 2.18: History”
| Date | Event/Activity |
| 1928 | Discovery of evaporites in the sedimentary sequence in Saskatchewan. |
| 1956 to 1966 | Pittsburgh Plate Glass completed significant research and development over a decade and published several research papers concerning solution mining and potash recovery. |
| 1960 | A pilot solution mining project located at the current site was constructed, convincing Pittsburgh Plate Glass to develop the first commercial potash solution mining operation in the world based on the pilot plant results. The first exploration well drilled at the Belle Plaine property was Standard Chemical Stony Beach #1 in August 1960. Fourteen additional exploration wells were drilled from August 1960 to June 1968. |
| 1963 | Kalium Chemicals, Ltd, a joint subsidiary of Pittsburgh Plate Glass and Armour and Co. started construction of the original processing plant for a capacity of 0.544 million tonnes annually. The main plant construction consisted of the North and South evaporators (all 8), crystallizers #1 to #4, #1 and #2 compactor systems, #1 to #5 beehive warehouses, loadout building and the office and maintenance buildings. |
| 1964 | Mine and processing plant construction completed and production commences. The first rail car of potash was produced and shipped in August. |
| 1968 | Capacity expansion to 0.9 million tonnes per year. Main assets added included three more crystallizers (#5, #6 and #7), a third cooling tower, a sixth beehive warehouse and a barn style warehouse #7, a fluid bed dryer and filter table and a third boiler. |
| 1980 to 1984 | Two capacity expansions, first to 1.1 million tonnes and the second to 1.5 million tonnes per year. The major assets added included bucket elevators for each product, the fine fluid bed dryer, #4 compactor, reheat system barometric, additional galleries and conveyors to the warehouse (1A), cooling ponds, scrubbers and the Cold Leach Area. |
First 8 of 18 rows. The download has all of them.
Table 23 after “Table of Content”
| 2010 | The Pense 3D seismic survey was completed that covered approximately 15 sq. miles (40 sq. km) and was adjacent to and merged with the previous 3D surveys. This survey program consisted of 136 miles (219 km) of source lines and 129 miles (208 km) of receiver lines. |
| 2014 | Plant upgrades included the adding and commissioning of Compaction #6. |
| 2016/2017 | The site’s ability to produce at a sustained 3.0 million tonnes per year in future years was validated through a “proving run” completed in 2016 when the Belle Plaine Facility achieved a proven peak capacity of 3.9 million tonnes per year. |
| 2019 | Plant upgrades were completed, consisting of adding the east thickener and advanced dewatering techniques. |
| 2020 | Two production wells were cored in 2020 to support the grade interpretation and calibration of the gamma geophysical logging system. The recent calibration check has been evaluated by a third party potash consultant to ensure applicability of the method regarding sample quality grade estimation. |
Table 24 after “Table 2.19: Key Assumptions and Modifying Factors”
| Parameter | Value | TRS Section |
| Supporting Information | Regional geologic studies, 700 production wells, seismic surveys and greater than 55 years of mining history from approximately 350 caverns. | Section 7, 11 |
| Average composited total thickness of the potash mineralization amenable to solution mining | 102.2 feet (31.1 m) | Section 11 |
| Tonnage Factor | 17.2 cu ft./tonne (2,054 kilograms per cubic meter). | Section 11 |
| Average KCl grade from all drilling | 30.6% (19.3% K2O) | Section 11 |
| Operating Days per Year | 365 days | Section 13 |
| Mining Method | Solution mining from surface installations. | Section 13 |
| Production Rate | 3.0 million tonnes per year. | Section 13 |
First 8 of 19 rows. The download has all of them.
Table 25 after “(a)(b)(c)(d)(e)(g)(h)(i)”
| (tonnes in millions) | | | | | | | | | |
| Category | Tonnes | Grade %K2O | | Grade %KCl | | Cut-off Grade(f) | | Metallurgical Recovery | |
| Inferred | 4,647 | | 19 | | 31 | | n/a | | 79 to 90% |
Table 26 after “(a)(b)(c)(d)(e)(f)”
| (tonnes in millions) | | | | | | | |
| Category | KCl Tonnes | Grade %KCl | | Grade %K2O | | Metallurgical Recovery % | |
| Proven | 268 | | 30.6 | | 19.3 | | 21.5% |
| Probable | 371 | | 30.6 | | 19.3 | | 21.5% |
| Proven + Probable | 639 | | 30.6 | | 19.3 | | 21.5% |
Table 27 after “Table 2.22: Mineral Lease”
| Crown Lease Number | Type | Area (Hectares) | Expiration Date | |
| KL 105 | Subsurface Mineral Lease | 26,198 | | October 31, 2044 |
| KL 126 | Subsurface Mineral Lease | 28,473 | | October 25, 2026 |
| KLSA 003 | Subsurface Mineral Lease | 25,433 | | November 18, 2030 |
Table 28 after “Table 2.23: Sections and Acreages Owned by the Crown”
| Township/Range | Sections of Mineral Rights Owned by Crown* | Area of Mineral Rights Owned by Crown (acres) |
| 19/30 | 19-2/16 | 12,221 |
| 20/30 | 18-1/16 | 11,542 |
| 21/30 | 18-6/16 | 11,753 |
| 22/30 | 2-1/16 | 1,331 |
| 19/31 | 18-1/16 | 11,561 |
| 20/31 | 19-3/16 | 12,265 |
| 21/31 | 13-7/16 | 8,613 |
First 8 of 29 rows. The download has all of them.
Table 29 after “Table 2.24: Sections and Acreages of Mosaic-Owned Mineral Rights”
| Township/Range | Sections of Mineral Rights Owned/ Leased by Mosaic* | Area of Mineral Rights Owned/Leased by Mosaic (acres) |
| 19/30 | 17-14/16 | 11,420 |
| 20/30 | 19-7/16 | 12,430 |
| 21/30 | 18-8/16 | 11,822 |
| 19/31 | 16-13/16 | 10,760 |
| 20/31 | 17-13/16 | 11,389 |
| 21/31 | 23-6/16 | 14,954 |
| 22/31 | 4-7/16 | 2,846 |
First 8 of 28 rows. The download has all of them.
Table 30 after “Table 2.25: Partial Mineral Rights Area”
| Township/Range | Crown Mineral Rights Leased by Mosaic, Currently Not Mineable (acres)* | Mineral Rights Owned/Leased by Mosaic, Currently Not Mineable (acres)* |
| 21/30 | 321 | — |
| 20/31 | 80 | — |
| 21/31 | 80 | — |
| 22/31 | 80 | 514 |
| 21/32 | 321 | — |
| 21/33 | — | 74 |
| 18/1 | 150 | — |
First 8 of 16 rows. The download has all of them.
Table 31 after “Table 2.26: History”
| Date | Event/Activity |
| 1928 | Discovery of evaporites in the sedimentary sequence in Saskatchewan. |
| 1955 | International Minerals and Chemicals (IMC, Canada) Ltd. acquired >500,000 acre lease in Esterhazy area and started drilling. |
| 1957 to 1962 | IMC Corporation begins shaft sinking at K1. The first official K1 mine production started September at a capacity of 0.9 million tonnes per year. |
| 1965 | K2 TMA Phase I expansion. |
| 1966 | The K1 mine capacity was expanded to 1.5 million tonnes per year. |
| 1967 | The K2 shaft sinking was completed to a capacity of 2.4 million tonnes per year. The first potash production from K2 was in April/May. |
| 1968 | The K2 TMA Phase II expansion was completed. |
First 8 of 28 rows. The download has all of them.
Table 32 after “Table of Content”
| 2018 | The K3 to K2 overland conveyor construction was completed. The K3 North shaft steel and Keope hoist rope up were completed. The K3 North shaft first ore skipped in December 18 and trucked to the K2 mill. The first K2 ore was conveyed on the overland conveyor to the K2 mill in December. |
| 2019 | Commissioned the K3 Koepe production and Blair service hoists. Four drum miners cutting K3 shaft pillar development started. Two four rotor miner assembly completed. The K3 South shaft sinking was completed in November. |
| 2020 | Completion of the K3 south shaft bottom steel, added a third four-rotor miner, installed the Mainline conveyor, added a fourth rotor miner cutting and completed the K3 south headframe concrete slip. K3 shaft pillar development was completed in December. The K3 fifth four-rotor miner started cutting in October. The first ore from K3 conveyed to K1. |
| 2021-2023 | The sixth K3 four-rotor miner started cutting in January and the seventh four rotor-miner started cutting in May. The K1 and K2 mines were closed eight months ahead of schedule in response to brine inflow conditions. |
| 2025 | New compaction circuit commissioned at K1. Hydrofloat circuit commissioned at K2, increasing total Esterhazy site throughput capability to 3000 ore tons per hour. |
Table 33 after “Table 2.27: Key Assumptions and Modifying Factors”
| Parameter | Value | TRS Section |
| Supporting Information | Regional geologic studies, 59 exploration holes, seismic surveys, in-mine channel samples and 50 years of mining history at K1 and K2. | Section 7 |
| Average total thickness of the potash mineralization | 8.64 feet (2.6 m)., based on the ratio of 8.5 feet (2.6 m). production panel mining height and 9.0 feet (2.7 m) development mining heights. | Section 11 |
| Density | 129.878 lbs./cu ft. (2,080.446 kg/cu m) | Section 11 |
| In-mine channel samples grade | 23.4% K2O | Section 11 |
| Operating Days per Year | 320 days | Section 13 |
| Mining Method | Underground room and pillar mining. | Section 13 |
| Production Rate | 6.1 million tonnes per year. | Section 13 |
First 8 of 19 rows. The download has all of them.
Table 34 after “(a)(b)(c)(d)(e)(g)(h)(i)(j)(k)”
| (tonnes in millions) | | | | | |
| Category | Tonnes | Grade %K2O(f) | | Metallurgical Recovery | |
| Measured | 255.0 | | 23.2 | | 86.1 |
| Indicated | 2,094.0 | | 22.8 | | 86.1 |
| Measured + Indicated | 2,350.0 | | 22.9 | | 86.1 |
Table 35 after “(a)(b)(d)(e)(f)(g)(h)”
| (tonnes in millions) | | | | | |
| Category | Tonnes | Grade %K2O(c) | | Metallurgical Recovery % | |
| Proven | 159.0 | | 22.2 | | 29.0 |
| Probable | 319.0 | | 20.0 | | 29.0 |
| Proven + Probable | 478.0 | | 20.8 | | 29.0 |
Table 36 after “(a)(b)(c)(d)”
| (tonnes in millions) | | | |
| Category | Tonnes | Grade (%P2O5ap) | Metallurgical Recovery (%P2O5ap) |
| Measured | 21.3 | 8.6 | 47.9 |
| Indicated | 54.9 | 8.6 | 48.9 |
| Measured + Indicated | 76.2 | 8.6 | 38.6 |
| Inferred | 180.5 | 9.2 | 63.0 |
Table 37 after “(a)(b)(c)(d)(e)”
| (tonnes in millions) | | | |
| Category | Tonnes (Dry) | Grade(%P2O5ap Dry) | Metallurgical Recovery (%P2O5) |
| Proven | 106.8 | 9 | 55.2 |
| Probable | 310.3 | 8.9 | 58.8 |
| Proven + Probable | 417.1 | 9.0 | 57.9 |
Table 38 after “Table 2.32: Mineral Resources Comparison”
| (tonnes in millions) | December 31, 2025 | December 31, 2024 | Percent Difference | | |
| Category | Tonnes | Grade (%P2O5ap) | Tonnes | Grade (%P2O5ap) | |
| Measured | 21.3 | 8.6 | 21.1 | 8.6 | |
| Indicated | 54.9 | 8.6 | 54.9 | 8.6 | |
| Measured + Indicated | 76.2 | 8.6 | 76.0 | 8.7 | —% |
| Inferred | 180.5 | 9.2 | 180.5 | 9.2 | —% |
Table 39 after “Table 2.33: Mineral Reserves Comparison”
| (tonnes in millions) | December 31, 2025 | December 31, 2024 | Percent Difference | | |
| Category | Tonnes | Grade (%P2O5ap) | Tonnes | Grade (%P2O5ap) | |
| Proven | 106.8 | 9.0 | 121.2 | 9.1 | |
| Probable | 310.3 | 8.9 | 311.3 | 8.9 | |
| Proven+Probable | 417.1 | 9.0 | 432.5 | 9.0 | -4% |
Table 40 after “The following provides information related to equity compensation plans:”
| Plan category | Number of shares to beissued upon exercise ofoutstanding options,warrants and rights (a) | Weighted-averageexercise price ofoutstanding options,warrants and rights (b) | | Number of shares remaining available for future issuance under equity compensation plans (excluding shares reflected in first column) | |
| Equity compensation plans approved by stockholders | 4,757,057 | | $29.80 | | 13,077,090 |
| Equity compensation plans not approved by stockholders | — | | — | | — |
| Total | 4,757,057 | | $29.80 | | 13,077,090 |
Table 41 after “Item 15. Exhibits and Financial Statement Schedules.”
| (a) | (1) | Consolidated Financial Statements filed as part of this report are listed in the Financial Table of Contents included in this report and incorporated by reference in this report in Part II, Item 8, “Financial Statements and Supplementary Data”. | | |
| (2) | All schedules for which provision is made in the applicable accounting regulations of the SEC are listed in this report in Part II, Item 8, “Financial Statements and Supplementary Data”. | | |
| (3) | Reference is made to the Exhibit Index in (b) below. | | |
| (b) | Exhibits | | | |
| Exhibit No. | | Description | Incorporated Herein by Reference to | Filed with Electronic Submission |
| 3.i. | | Restated Certificate of Incorporation of Mosaic, effective May 19, 2016 | Exhibit 3.i to Mosaic’s Current Report on Form 8-K dated May 19, 2016 and filed on May 23, 2016(2) | |
| 3.ii. | | Amended and Restated Bylaws of Mosaic, effective December 15, 2023 | Exhibit 3.1 to Mosaic’s Current Report on Form 8-K dated December 15, 2023 and filed on December 20, 2023(2) | |
| 4.i | | Credit Agreement dated as of August 19, 2021, among Mosaic, Bank of America, N.A., as administrative agent, Swing Line Lender and an L/C Issuer, and the lenders and other L/D Issuers party thereto | Exhibit 4.i to Mosaic’s Current Report on Form 8-K dated August 23, 2021 and filed on August 23, 2021(2) | |
First 8 of 13 rows. The download has all of them.
| 10.iii.c.2(3) | Mosaic LTI Deferral Plan, approved March 5, 2015 | Exhibit 10.1 to Mosaic’s Current Report on Form 8-K dated March 5, 2015 and filed on March 11, 2015(2) |
| 10.iii.c.3(3) | Amendment to Mosaic LTI Deferral Plan, approved March 1, 2017 | Exhibit 10.iii.c.4 to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period ended March 31, 2017(2) |
| 10.iii.c.4(3) | Mosaic LTI Deferral Plan, approved December 18, 2024 | Exhibit 10.iii.c.4 to Mosaic's Annual Report on Form 10-K for the Fiscal Year ended December 31, 2024 |
| 10.iii.d.1(3) | Form of Senior Management Severance and Change in Control Agreement effective April 1, 2023 | Exhibit 10.iii.d to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period ended March 31, 2023 |
| 10.iii.d.2 | Form of Non-Competition, Non-Solicitation, Non-Defamation and Confidentiality Agreement effective April 1, 2023 | Exhibit 10.iii.d.2. to Mosaic’s Quarterly Report on Form 10-Q of Mosaic for the Quarterly Period ended March 31, 2023(2) |
| 10.iii.d.3(3) | Form of expatriate agreement dated November 1, 2019 between Mosaic and an executive officer | Exhibit 10.1 to Mosaic’s Current Report on Form 8-K dated October 31, 2019 and filed on November 4, 2019 |
| 10.iii.d.4(3) | Form of expatriate agreement dated January 8, 2016, between Mosaic and an executive officer | Exhibit 10.iii.d to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period ended March 31, 2022 |
| 10.iii.e.1(3) | Agreement between Cargill and Mosaic relating to certain former Cargill employees’ participation in the Cargill International Pension Plan | Exhibit 10.iii.b. to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period ended August 31, 2012(2) |
First 8 of 12 rows. The download has all of them.
| 10.iii.k.1(3) | Form of Non-Qualified Stock Option Award Agreement under the 2014 Incentive Plan, approved March 5, 2015 | Exhibit 10.iii.a. to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period ended March 31, 2015(2) |
| 10.iii.k.2(3) | Form of Non-Qualified Stock Option Award Agreement under the 2014 Incentive Plan, approved March 2, 2016 | Exhibit 10.iii.a. to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period ended March 31, 2016(2) |
| 10.iii.k.7(3) | Form of Global Restricted Stock Unit Award Agreement (March 2023) | Exhibit 10.iii.k.1 to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period Ended March 31, 2023 |
| 10.iii.k.8(3) | Form of Executive TSR Performance Unit Award Agreement (Stock-Settled - March 2023) | Exhibit 10.iii.k.2 to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period Ended March 31, 2023 |
| 10.iii.k.9(3) | Form of Executive TSR Performance Unit Award Agreement (Cash-Settled - March 2023) | Exhibit 10.iii.k.3 to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period Ended March 31, 2023 |
| 10.iii.l.1(3) | The Mosaic Company 2023 Stock and Incentive Plan | Appendix B to Mosaic’s Proxy Statement dated April 12, 2023 |
| 10.iii.l.2(3) | Form of Global Restricted Stock Unit Award Agreement under The Mosaic Company 2023 Stock and Incentive Plan approved May 24, 2023 | Exhibit 10.iii.i to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period Ended September 30, 2023 |
| 10.iii.l.3(3) | Form of Director Restricted Stock Unit Award Agreement under The Mosaic Company 2023 Stock and Incentive Plan approved December 15, 2023 | Exhibit 10.1 to Mosaic’s Current Report on Form 8-K dated December 15, 2023 and filed on December 20, 2023 |
First 8 of 12 rows. The download has all of them.
| 10.iv.c | Consent Decree dated September 30, 2015 among the United States of America, the Louisiana Department of Environmental Quality, Mosaic Fertilizer, LLC and The Mosaic Company(4) | Exhibit 10.2. to Mosaic’s Current Report on Form 8-K dated September 30, 2015 and filed on October 6, 2015(2) | |
| 10.iv.d | Description of Modifications to Consent Decree dated September 30, 2015 among the United States of America, the Louisiana Department of Environmental Quality, Mosaic Fertilizer, LLC and The Mosaic Company, filed as Exhibit 10.2 to the Current Report on Form 8-K of Mosaic dated September 30, 2015 and filed on October 6, 2015 | Exhibit 10.v.ii to Mosaic’s Quarterly Report on Form 10-Q for the Quarterly Period Ended June 30, 2016(2) | |
| 19 | The Mosaic Company Insider Trading and Tipping Policy | | X |
| 21 | Subsidiaries of the Registrant | | X |
| 23.1 | Consent of KPMG LLP, independent registered public accounting firm for Mosaic | | X |
| 23.2 | Florida Phosphate Mining Consent of Qualified Persons | Exhibit 23.2 to Mosaic’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 | |
| 23.3 | Tapira Consent of Qualified Persons | Exhibit 23.3 to Mosaic’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 | |
| 23.4 | Belle Plaine Potash Facility Consent of Qualified Persons | Exhibit 23.4 to Mosaic’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 | |
First 8 of 15 rows. The download has all of them.
| 96.1 | | Florida Phosphate Mining Technical Report Summary | Exhibit 96.1 to Mosaic’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 | |
| 96.2 | | Esterhazy Potash Facility Technical Report Summary | | X |
| 96.3 | | Belle Plaine Potash Facility Technical Report Summary | Exhibit 96.3 to Mosaic's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 | |
| 96.4 | | Tapira Technical Report Summary | Exhibit 96.4 to Mosaic's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 | |
| 97.1 | | Incentive Compensation Recovery Policy | Exhibit 97.1 to Mosaic’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 | |
| 101.INS | | Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) | | X |
| 101.SCH | | Inline XBRL Taxonomy Extension Schema Document | | X |
| 101.CAL | | Inline XBRL Taxonomy Extension Calculation Linkbase Document | | X |
First 8 of 13 rows. The download has all of them.
Table 46 after “*********************************************”
| (1) | Mosaic agrees to furnish supplementally to the SEC a copy of any omitted schedules and exhibits to the extent required by rules of the Commission upon request. |
| (2) | SEC File No. 001-32327. |
| (3) | Denotes management contract or compensatory plan. |
| (4) | Confidential information has been omitted from this Exhibit and filed separately with the SEC pursuant to a confidential treatment request under Rule 24b-2 of the Exchange Act. |
Table 47 after “Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of”
| Name | Title | Date |
| /s/ Bruce M. Bodine | Chief Executive Officer and President and Director (principal executive officer) | February 27, 2026 |
| Bruce M. Bodine | | |
| /s/ Luciano Siani Pires | Executive Vice President and Chief Financial Officer (principal financial officer) | February 27, 2026 |
| Luciano Siani Pires | | |
| /s/ Russell A. Flugel | Vice President—Controller and Chief Accounting Officer (principal accounting officer) | February 27, 2026 |
| Russell A. Flugel | | |
| * | Chairman of the Board of Directors | February 27, 2026 |
First 8 of 29 rows. The download has all of them.
Table 48 after “Financial Table of Contents”
| Page |
| Management’s Discussion and Analysis of Financial Condition and Results of Operations | F-2 |
| Introduction | F-2 |
| Key Factors that can Affect Results of Operations and Financial Condition | F-2 |
| Results of Operations | F-4 |
| Overview | F-5 |
| Phosphate | F-7 |
| Potash | F-9 |
First 8 of 37 rows. The download has all of them.
Table 49 after “The following table shows the results of operations for the years ended December 31, 2025, 2024, and 2023:”
| Years Ended December 31, | 2025-2024 | | 2024-2023 | | | | | | | | | |
| (in millions, except per share data) | 2025 | 2024 | | 2023 | Change | Percent | | Change | Percent | | | | |
| Net sales | $12,052.4 | | $11,122.8 | | $13,696.1 | | $929.6 | | 8% | | $(2,573.3) | | (19)% |
| Cost of goods sold | 10,150.5 | | 9,610.9 | | 11,485.5 | | 539.6 | | 6% | | (1,874.6) | | (16)% |
| Gross margin | 1,901.9 | | 1,511.9 | | 2,210.6 | | 390.0 | | 26% | | (698.7) | | (32)% |
| Gross margin percentage | 15.8% | | 13.6% | | 16.1% | | 2.2% | | | (2.5)% | | | |
| Selling, general and administrative expenses | 533.9 | | 496.9 | | 500.5 | | 37.0 | | 7% | | (3.6) | | (1)% |
| Loss (gain) on assets sold and to be sold | 157.3 | | — | | (56.5) | | 157.3 | | NM | 56.5 | | NM | |
First 8 of 24 rows. The download has all of them.
Table 50 after “The following table summarizes the Phosphate segment’s net sales, gross margin, sales volume, selling prices and raw material prices:”
| Years Ended December 31, | 2025-2024 | | 2024-2023 | | | | | | | |
| (in millions, except price per tonne or unit) | 2025 | 2024 | | 2023 | Change | Percent | | Change | Percent | | |
| Net sales: | | | | | | | | | | | |
| North America | $3,933.9 | | $3,772.9 | | $3,749.8 | | $161.0 | | 4% | $23.1 | 1% |
| International | 642.6 | | 745.9 | | 974.5 | | (103.3) | | (14)% | (228.6) | (23)% |
| Total | 4,576.5 | | 4,518.8 | | 4,724.3 | | 57.7 | | 1% | (205.5) | (4)% |
| Cost of goods sold | 4,139.2 | | 3,924.8 | | 4,022.2 | | 214.4 | | 5% | (97.4) | (2)% |
| Gross margin | $437.3 | | $594.0 | | $702.1 | | $(156.7) | | (26)% | $(108.1) | (15) |
First 8 of 23 rows. The download has all of them.
Table 51 after “The following table summarizes the Potash segment’s net sales, gross margin, sales volume and selling price:”
| Years Ended December 31, | 2025-2024 | | 2024-2023 | | | | | | | |
| (in millions, except price per tonne or unit) | 2025 | 2024 | | 2023 | Change | Percent | | Change | Percent | | |
| Net sales: | | | | | | | | | | | |
| North America | $1,370.1 | | $1,452.3 | | $1,899.9 | | $(82.2) | | (6)% | $(447.6) | (24)% |
| International | 1,291.6 | | 936.4 | | 1,333.7 | | 355.2 | | 38% | (397.3) | (30)% |
| Total | 2,661.7 | | 2,388.7 | | 3,233.6 | | 273.0 | | 11% | (844.9) | (26)% |
| Cost of goods sold | 1,791.7 | | 1,745.5 | | 2,018.6 | | 46.2 | | 3% | (273.1) | (14)% |
| Gross margin | $870.0 | | $643.2 | | $1,215.0 | | $226.8 | | 35% | $(571.8) | (47)% |
First 8 of 17 rows. The download has all of them.
Table 52 after “The following table summarizes the Mosaic Fertilizantes segment’s net sales, gross margin, sales volume and selling price.”
| Years Ended December 31, | 2025-2024 | | 2024-2023 | | | | | | | |
| (in millions, except price per tonne or unit) | 2025 | 2024 | | 2023 | Change | Percent | | Change | Percent | | |
| Net Sales | $4,847.3 | | $4,422.3 | | $5,684.7 | | $425.0 | | 10% | $(1,262.4) | (22)% |
| Cost of goods sold | 4,355.3 | | 4,015.7 | | 5,473.1 | | 339.6 | | 8% | (1,457.4) | (27)% |
| Gross margin | $492.0 | | $406.6 | | $211.6 | | $85.4 | | 21% | $195.0 | 92% |
| Gross margin as a percent of net sales | 10.1% | | 9.2% | | 3.7% | | | | | | |
| Sales volume (in thousands of metric tonnes) | | | | | | | | | | | |
| Phosphate produced in Brazil | 1,204 | | 1,701 | | 2,235 | | (497) | | (29)% | (534) | (24)% |
First 8 of 23 rows. The download has all of them.
Table 53 after “Other Income Statement Items”
| Years Ended December 31, | 2025-2024 | | 2024-2023 | | | | | | | | | |
| (in millions) | 2025 | 2024 | | 2023 | Change | Percent | | Change | Percent | | | | |
| Selling, general and administrative expenses | $533.9 | | $496.9 | | $500.5 | | $37.0 | | 7% | | $(3.6) | | (1)% |
| Impairment of goodwill | 99.9 | | — | | — | | 99.9 | | NM | — | | NM | |
| Loss (gain) on assets sold and to be sold | 157.3 | | — | | (56.5) | | 157.3 | | NM | 56.5 | | (100)% | |
| Other operating expenses | 289.3 | | 393.5 | | 428.5 | | (104.2) | | (26)% | | (35.0) | | (8)% |
| Interest (expense) | (241.5) | | (230.0) | | (189.0) | | (11.5) | | 5% | | (41.0) | | 22% |
| Interest income | 53.8 | | 47.2 | | 59.6 | | 6.6 | | 14% | | (12.4) | | (21)% |
First 8 of 14 rows. The download has all of them.
Table 54 after “Provision for Income Taxes”
| Effective Tax Rate | Provision for Income Taxes | |
| Year Ended December 31, 2025 | 52.7% | | $639.8 |
| Year Ended December 31, 2024 | 59.2% | | 186.7 |
| Year Ended December 31, 2023 | 13.3% | | 177.0 |
Table 55 after “The following is a summary of our material contractual cash obligations as of December 31, 2025:”
| | Payments by Calendar Year | | | | | | |
| (in millions) | Total | Less than 1 year | | 1 - 3 years | 3 - 5 years | More than 5 years | | |
| Long-term debt(a) | $4,294.0 | | $43.1 | | $1,302.6 | | $973.4 | $1,974.9 |
| Estimated interest payments on long-term debt(b) | 1,604.0 | | 220.0 | | 387.0 | | 253.1 | 743.9 |
| Operating leases | 225.6 | | 59.6 | | 79.0 | | 40.5 | 46.5 |
| Purchase commitments(c) | 8,611.9 | | 4,887.8 | | 3,014.9 | | 684.4 | 24.8 |
| Pension and postretirement liabilities(d) | 136.5 | | 4.2 | | 21.8 | | 26.0 | 84.5 |
| Total contractual cash obligations | $14,872.0 | | $5,214.7 | | $4,805.3 | | $1,977.4 | $2,874.6 |
| Years Ended December 31, | | | | | | | | | | | |
| (in millions) | | 2025-2024 | | 2024-2023 | | | | | | | | |
| Cash Flow | 2025 | | 2024 | | 2023 | Change | Percent | | Change | Percent | | |
| Net cash provided by operating activities | $824.8 | | | $1,299.2 | | $2,407.2 | | $(474.4) | | (37)% | $(1,108.0) | (46)% |
| Net cash used in investing activities | (1,309.5) | | | (1,261.0) | | (1,317.2) | | (48.5) | | (4)% | 56.2 | 4% |
| Net cash provided by (used in) financing activities | 452.0 | | | (131.9) | | (1,480.5) | | 583.9 | | 443% | 1,348.6 | 91% |
Table 57 after “The following is a summary of our other commercial commitments as of December 31, 2025:”
| | Commitment Expiration by Calendar Year | | | | | | |
| (in millions) | Total | Less than 1 year | | 1 - 3 years | 3 - 5 years | More than 5 years | | |
| Letters of credit | $64.6 | | $64.6 | | $— | | $— | $— |
| Surety bonds | 829.9 | | 829.9 | | — | | — | — |
| Total | $894.5 | | $894.5 | | $— | | $— | $— |
Table 58 after “The following is a summary of our other long-term obligations, including Gypstacks and land reclamation, as of December 31, 2025:”
| | Payments by Calendar Year | | | | | | |
| (in millions) | Total | Less than 1 year | | 1 - 3 years | 3 - 5 years | More than 5 years | | |
| ARO(a) | $4,661.6 | | $282.3 | | $387.5 | | $325.5 | $3,666.3 |
Table 59 after “The table below provides information about Mosaic’s significant foreign exchange derivatives.”
| As of December 31, 2025 | As of December 31, 2024 | | | | | | | | | |
| Expected Maturity Date Years ending December 31, | Fair Value | | Expected Maturity Date Years ending December 31, | Fair Value | | | | | | |
| (in millions) | 2026 | 2027 | | 2028 | | 2025 | 2026 | 2027 | | | |
| Foreign Currency Exchange Forwards | | | | | | | | | | | |
| Canadian Dollar | | | | | $2.4 | | | | | $(32.6) | |
| Notional (million US$) - short Canadian dollars | $— | | $— | | $— | | | $51.6 | $— | | $— |
| Weighted Average Rate - Canadian dollar to U.S. dollar | — | | — | | — | | | 1.3771 | — | | — |
| Notional (million US$) - long Canadian dollars | $181.1 | | $— | | $— | | | $638.3 | $— | | $— |
First 8 of 23 rows. The download has all of them.
Table 60 after “The table below provides information about Mosaic’s natural gas derivatives which are used to manage the risk related to significant price c”
| As of December 31, 2025 | As of December 31, 2024 | | | | | | | | | |
| Expected Maturity Date Years ending December 31, | Fair Value | | Expected Maturity Date Years ending December 31, | | Fair Value | | | | | |
| (in millions) | 2026 | 2027 | | 2028 | | | 2025 | 2026 | 2027 | | |
| Natural Gas Swaps | | | | | | $(0.4) | | | | | $(1.8) |
| Notional (million MMBTU) - long | 0.9 | | — | | — | | | | 2.5 | — | — |
| Weighted Average Rate (US$/MM BTU) | $2.53 | | $— | | $— | | | | $2.73 | $— | $— |
| Total Fair Value | | | | | | $(0.4) | | | | | $(1.8) |
Table 61 after “In millions, except per share amounts”
| Years Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Net sales | $12,052.4 | | $11,122.8 | | $13,696.1 |
| Cost of goods sold | 10,150.5 | | 9,610.9 | | 11,485.5 |
| Gross margin | 1,901.9 | | 1,511.9 | | 2,210.6 |
| Selling, general and administrative expenses | 533.9 | | 496.9 | | 500.5 |
| Loss (gain) on assets sold and to be sold | 157.3 | | — | | (56.5) |
| Impairment of goodwill | 99.9 | | — | | — |
First 8 of 25 rows. The download has all of them.
Table 62 after “In millions”
| Years Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Net earnings including noncontrolling interest | $575.4 | | $202.0 | | $1,209.2 |
| Other comprehensive income (loss), net of tax | | | | | |
| Foreign currency translation gain (loss) | 307.1 | | (495.6) | | 154.1 |
| Net actuarial gain (loss) and prior service cost | (2.7) | | 10.9 | | 20.1 |
| Realized gain (loss) on interest rate swap | (0.1) | | (0.1) | | 1.4 |
| Net gain (loss) on marketable securities held in trust fund | 15.3 | | (14.8) | | 23.7 |
First 8 of 12 rows. The download has all of them.
Table 63 after “In millions, except per share amounts”
| December 31, | | |
| 2025 | 2024 | |
| Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $276.6 | | $272.8 |
| Receivables, net | 1,078.6 | | 1,113.3 |
| Inventories | 3,363.0 | | 2,548.4 |
| Assets held for sale | 73.5 | | — |
First 8 of 38 rows. The download has all of them.
Table 64 after “In millions, except per share amounts”
| Years Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Cash Flows from Operating Activities | | | | | |
| Net earnings including noncontrolling interests | $575.4 | | $202.0 | | $1,209.2 |
| Adjustments to reconcile net earnings including noncontrolling interests to net cash provided by operating activities: | | | | | |
| Depreciation, depletion and amortization | 1,049.9 | | 1,025.5 | | 960.6 |
| Deferred and other income taxes | 251.8 | | (142.9) | | (261.2) |
| Equity in net (earnings) of nonconsolidated companies, net of dividends | 0.6 | | (55.7) | | (31.8) |
First 8 of 55 rows. The download has all of them.
Table 65 after “In millions, except per share amounts”
| Years Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the consolidated statements of cash flows: | | | | | |
| Cash and cash equivalents | $276.6 | | $272.8 | | $348.8 |
| Restricted cash in other current assets | 7.8 | | 14.9 | | 8.6 |
| Restricted cash in other assets | 14.2 | | 17.3 | | 3.4 |
| Total cash, cash equivalents and restricted cash shown in the statement of cash flows | $298.6 | | $305.0 | | $360.8 |
Table 66 after “In millions, except per share data”
| | Dollars | | | | | | | | | |
| Shares | Mosaic Stockholders | | | | | | | | | |
| Common Stock | Common Stock | | Capital in Excess of Par Value | Retained Earnings | Accumulated Other Comprehensive Loss | | Non- Controlling Interests | Total Equity | | |
| Balance as of December 31, 2022 | 339.1 | | $3.4 | | $— | | $14,203.4 | | $(2,152.2) | $139.6 | $12,194.2 |
| Total comprehensive income | — | | — | | — | | 1,164.9 | | 197.3 | 46.3 | 1,408.5 |
| Vesting of restricted stock units | 1.9 | | — | | (0.8) | | (53.4) | | — | — | (54.2) |
| Stock based compensation | — | | — | | 33.0 | | — | | — | — | 33.0 |
| Share repurchases, including tax of $6.4 million | (16.9) | | (0.2) | | (32.2) | | (722.0) | | — | — | (754.4) |
First 8 of 24 rows. The download has all of them.
Table 67 after “To facilitate a better understanding of our consolidated financial statements we have disclosed the following significant accounting policie”
| Note | Topic | Page |
| 9 | Equity Securities and Investments in Non-Consolidated Companies | F-51 |
| 10 | Goodwill | F-52 |
| 11 | Structured Accounts Payable Arrangements | F-52 |
| 12 | Marketable Securities Held in Trusts | F-55 |
| 13 | Income Taxes | F-57 |
| 14 | Asset Retirement Obligations | F-64 |
| 15 | Derivative Instruments and Hedging Activities | F-66 |
First 8 of 9 rows. The download has all of them.
Table 68 after “Supplemental balance sheet information related to leases as of December 31, 2025 and December 31, 2024 is as follows:”
| December 31, | | | | |
| Type of Lease Asset or Liability | 2025 | 2024 | | Balance Sheet Classification | |
| (in millions) | | | | |
| Operating Leases | | | | | |
| Right-of-use assets | $223.6 | | $220.0 | | Other assets |
| Lease liabilities: | | | | | |
| Short-term | 59.6 | | 43.9 | | Accrued liabilities |
| Long-term | 166.0 | | 181.2 | | Other noncurrent liabilities |
First 8 of 18 rows. The download has all of them.
Table 69 after “The components of lease expense were as follows:”
| December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Operating lease cost | $101.9 | | $87.2 | | $86.9 |
| Finance lease cost: | | | | | |
| Amortization of right-of-use assets | 52.0 | | 45.5 | | 45.8 |
| Interest on lease liabilities | 14.5 | | 6.1 | | 7.1 |
| Short-term lease cost | — | | 0.2 | | 0.1 |
| Variable lease cost | 21.1 | | 19.5 | | 19.8 |
First 8 of 9 rows. The download has all of them.
Table 70 after “Supplemental cash flow information related to leases was as follows:”
| December 31, | | | | |
| (In millions) | 2025 | 2024 | | 2023 | |
| Cash paid for amounts included in the measurement of lease liabilities: | | | | | |
| Operating cash flows from operating leases | $89.3 | | $90.4 | | $89.2 |
| Operating cash flows from finance leases | 14.6 | | 6.1 | | 7.1 |
| Financing cash flows from finance leases | 39.6 | | 42.9 | | 78.8 |
| Right-of-use assets obtained in exchange for lease obligations: | | | | | |
| Operating leases | $66.9 | | $70.4 | | $54.5 |
First 8 of 9 rows. The download has all of them.
Table 71 after “Other information related to leases was as follows:”
| December 31, 2025 |
| Weighted Average Remaining Lease Term | |
| Operating leases | 5.9 years |
| Finance leases | 4.2 years |
| Weighted Average Discount Rate | |
| Operating leases | 7.2% |
| Finance leases | 7.9% |
Table 72 after “Future lease payments under non-cancellable leases recorded as of December 31, 2025, were as follows:”
| Operating Leases | Finance Leases | |
| (in millions) | | | |
| 2026 | $71.9 | | $44.6 |
| 2027 | 55.2 | | 38.6 |
| 2028 | 36.9 | | 36.9 |
| 2029 | 32.0 | | 72.8 |
| 2030 | 13.6 | | 6.7 |
| Thereafter | 58.3 | | 10.4 |
First 8 of 11 rows. The download has all of them.
Table 73 after “The following provides additional information concerning selected balance sheet accounts:”
| December 31, | | |
| (in millions) | 2025 | 2024 | |
| Receivables | | | |
| Trade - External | $887.8 | | $969.1 |
| Trade - Affiliate | 82.2 | | 67.1 |
| Non-trade | 109.6 | | 78.1 |
| 1,079.6 | | 1,114.3 |
| Less allowance for doubtful accounts | 1.0 | | 1.0 |
First 8 of 31 rows. The download has all of them.
| December 31, | | |
| (in millions) | 2025 | 2024 | |
| Accrued liabilities | | | |
| Accrued dividends | $75.9 | | $74.1 |
| Payroll and employee benefits | 168.8 | | 161.8 |
| Asset retirement obligations | 271.3 | | 352.8 |
| Customer prepayments | 297.3 | | 270.7 |
| Accrued income and other taxes | 34.3 | | 204.7 |
First 8 of 18 rows. The download has all of them.
Table 75 after “Interest expense, net was comprised of the following in 2025, 2024 and 2023:”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Interest income | $53.8 | | $47.2 | | $59.6 |
| Less interest expense | 241.5 | | 230.0 | | 189.0 |
| Interest expense, net | $(187.7) | | $(182.8) | | $(129.4) |
Table 76 after “Property, plant and equipment consist of the following:”
| December 31, | | |
| (in millions) | 2025 | 2024 | |
| Land | $364.7 | | $352.5 |
| Mineral properties and rights | 7,254.0 | | 6,831.3 |
| Buildings and leasehold improvements | 4,079.4 | | 3,836.4 |
| Machinery and equipment | 12,406.3 | | 11,684.0 |
| Construction in-progress | 1,004.2 | | 1,148.1 |
| 25,108.6 | | 23,852.3 |
First 8 of 10 rows. The download has all of them.
Table 77 after “The following is a reconciliation of the numerator and denominator for the basic and diluted EPS computations:”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Net earnings attributable to Mosaic | $540.7 | | $174.9 | | $1,164.9 |
| Basic weighted average number of shares outstanding attributable to common stockholders | 317.3 | | 319.8 | | 331.3 |
| Dilutive impact of share-based awards | 1.6 | | 0.9 | | 1.9 |
| Diluted weighted average number of shares outstanding | 318.9 | | 320.7 | | 333.2 |
| Basic net earnings per share | $1.70 | | $0.55 | | $3.52 |
| Diluted net earnings per share | $1.70 | | $0.55 | | $3.50 |
Table 78 after “Supplemental disclosures of cash paid for interest and income taxes and non-cash investing and financing information is as follows:”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Cash paid during the period for: | | | | | |
| Interest | $223.9 | | $228.7 | | $204.7 |
| Less amount capitalized | 31.7 | | 42.3 | | 35.2 |
| Cash interest, net | $192.2 | | $186.4 | | $169.5 |
| Income taxes | $321.3 | | $337.0 | | $385.6 |
Table 79 after “The summarized financial information shown below includes all non-consolidated companies carried on the equity method.”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Net sales | $4,256.1 | | $3,601.9 | | $7,055.1 |
| Net earnings | 5.8 | | 6.2 | | 317.9 |
| Mosaic’s share of equity in net earnings | 2.9 | | 3.1 | | 60.3 |
| Total assets | 2,328.4 | | 1,883.8 | | 9,900.6 |
| Total liabilities | 2,308.9 | | 1,865.1 | | 7,014.1 |
| Mosaic’s share of equity in net assets | 9.8 | | 9.4 | | 725.9 |
Table 80 after “The changes in the carrying amount of goodwill, by reporting unit, as of December 31, 2025 and 2024, are as follows:”
| (in millions) | Potash | Mosaic Fertilizantes | | Corporate, Eliminations and Other | Total | |
| Balance as of December 31, 2023 | $1,026.9 | | $99.6 | | $12.1 | $1,138.6 |
| Foreign currency translation | (71.5) | | (6.0) | | — | (77.5) |
| Balance as of December 31, 2024 | $955.4 | | $93.6 | | $12.1 | $1,061.1 |
| Foreign currency translation | 41.2 | | 2.7 | | — | 43.9 |
| Impairment | (3.6) | | (96.3) | | — | (99.9) |
| Balance as of December 31, 2025 | $993.0 | | $— | | $12.1 | $1,005.1 |
Table 81 after “Long-term debt as of December 31, 2025 and 2024, respectively, consisted of the following:”
| | | | | 2025 | 2024 | | | | | | | | | | | | | | |
| (in millions) | Stated Interest Rate | Effective Interest Rate | Maturity Date | | Stated Value | Combination Fair Market Value Adjustment | | Discount on Notes Issuance | | Carrying Value | Stated Value | | Combination Fair Market Value Adjustment | | Discount on Notes Issuance | Carrying Value | | | | |
| Unsecured notes | 4.05% - 5.63% | 5.26% | 2027- 2043 | | $3,400.0 | | $— | | | $(5.6) | | $3,394.4 | | | $2,500.0 | | $— | | $(5.1) | $2,494.9 |
| Unsecured debentures | 7.30% | 7.19% | 2028 | | 147.1 | | 0.2 | | | — | | 147.3 | | | 147.1 | | 0.3 | | — | 147.4 |
| Term Loan | 30 Day SOFR | 6.27% | 2033 | | 570.0 | | — | | | — | | 570.0 | | | 570.0 | | — | | — | 570.0 |
| Finance leases | 0.77% - 13.02% | 7.82% | 2026- 2034 | | 176.0 | | — | | | — | | 176.0 | | | 144.8 | | — | | — | 144.8 |
| Other(a) | 6.53% - 8.00% | 5.00% | 2026- 2027 | | 3.3 | | 3.0 | | | — | | 6.3 | | | 17.1 | | 3.4 | | — | 20.5 |
| Total long-term debt | | 4,296.4 | | 3.2 | | (5.6) | | | 4,294.0 | | 3,379.0 | | | 3.7 | | (5.1) | | 3,377.6 | | |
First 8 of 10 rows. The download has all of them.
Table 82 after “Scheduled maturities of long-term debt are as follows for the periods ending December 31:”
| (in millions) | |
| 2026 | $43.1 |
| 2027 | 727.4 |
| 2028 | 575.2 |
| 2029 | 569.1 |
| 2030 | 404.3 |
| Thereafter | 1,974.9 |
| Total | $4,294.0 |
Table 83 after “The estimated fair value of the investments in the RCRA Trusts as of December 31, 2025 and December 31, 2024 are as follows:”
| December 31, 2025 | | | | | |
| (in millions) | Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | Fair Value | |
| Level 1 | | | | | | |
| Cash and cash equivalents | $4.8 | | $— | | $— | $4.8 |
| Level 2 | | | | | | |
| Corporate debt securities | 218.8 | | 3.4 | | (2.8) | 219.4 |
| Municipal bonds | 208.3 | | 3.9 | | (1.3) | 210.9 |
| U.S. government bonds | 308.7 | | — | | (0.5) | 308.2 |
First 8 of 18 rows. The download has all of them.
Table 84 after “The following tables show gross unrealized losses and fair values of the RCRA Trusts’ available-for-sale securities that have been in a cont”
| December 31, 2025 | December 31, 2024 | | | | |
| Securities that have been in a continuous loss position for less than 12 months (in millions): | Fair Value | Gross Unrealized Losses | | Fair Value | Gross Unrealized Losses | |
| Corporate debt securities | $17.0 | | $(0.2) | | $53.4 | $(0.7) |
| Municipal bonds | 14.0 | | — | | 102.4 | (1.7) |
| U.S. government bonds | 306.2 | | (0.5) | | 280.9 | (7.8) |
| Total | $337.2 | | $(0.7) | | $436.7 | $(10.2) |
| December 31, 2025 | December 31, 2024 | | | | |
| Securities that have been in a continuous loss position for more than 12 months (in millions): | Fair Value | Gross Unrealized Losses | | Fair Value | Gross Unrealized Losses | |
First 8 of 12 rows. The download has all of them.
Table 85 after “The following table summarizes the balance by contractual maturity of the available-for-sale debt securities invested by the RCRA Trusts as ”
| (in millions) | December 31, 2025 |
| Due in one year or less | $13.1 |
| Due after one year through five years | 308.6 |
| Due after five years through ten years | 373.8 |
| Due after ten years | 43.0 |
| Total debt securities | $738.5 |
Table 86 after “Income (loss) before income taxes for 2025, 2024 and 2023 consisted of the following:”
| Years Ended December 31, | | | | | |
| (in millions) | 2025 | 2024 | | 2023 | | |
| Domestic earnings | $159.5 | | $(557.8) | | | $121.6 |
| Foreign earnings | 1,053.4 | | 873.2 | | 1,204.3 | |
| Earnings (loss) from consolidated companies before income taxes | $1,212.9 | | $315.4 | | | $1,325.9 |
Table 87 after “The provision for income taxes for 2025, 2024 and 2023 consisted of the following:”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Current: | | | | | |
| Federal | $42.1 | | $(11.7) | | $86.4 |
| State | 3.3 | | 10.7 | | 1.5 |
| Non-U.S. | 331.5 | | 339.2 | | 357.4 |
| Total current | 376.9 | | 338.2 | | 445.3 |
| Noncurrent: | | | | | |
First 8 of 22 rows. The download has all of them.
Table 88 after “The table below provides the updated requirements of ASU 2023-09 for 2025. The effects of significant adjustments to tax computed at the fed”
| Years Ended December 31, 2025 | | |
| (in millions) | Amount | Percent | |
| Computed tax at the U.S. federal statutory rate | $254.7 | | 21.0% |
| State and local income taxes, net of federal income tax effect(1) | 14.5 | | 1.2% |
| Effect of changes in tax laws or rates enacted in the current period | — | | —% |
| Effect of cross-border tax laws | | | |
| U.S. tax on Canadian branches, net of credits | (95.5) | | (7.9)% |
| Global Intangible Low-Taxed Income, net of credits | 42.3 | | 3.5% |
First 8 of 38 rows. The download has all of them.
Table 89 after “As previously disclosed for the years ended December 31, 2024 and 2023, prior to the adoption of ASU 2023-09, the effects of significant adj”
| Years Ended December 31, | | |
| (in millions) | 2024 | 2023 | |
| Computed tax at the U.S. federal statutory rate | 21.0% | | 21.0% |
| State and local income taxes, net of federal income tax benefit | (5.7)% | | 0.4% |
| Percentage depletion in excess of basis | (13.8)% | | (4.9)% |
| Impact of non-U.S. earnings | 23.8% | | 8.7% |
| Change in valuation allowance | 13.0% | | (1.7)% |
| Non-U.S. incentives | (42.6)% | | (11.5)% |
First 8 of 16 rows. The download has all of them.
Table 90 after “Net cash paid (refunds received) for income taxes consisted of the following:”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| U.S. federal | $(10.8) | | $— | | $— |
| U.S. state and local | 7.0 | | — | | — |
| Foreign | | | | | |
| Canada federal | 148.7 | | — | | — |
| Saskatchewan | 80.5 | | — | | — |
| Canada other provincial | 4.3 | | — | | — |
First 8 of 13 rows. The download has all of them.
Table 91 after “Significant components of our deferred tax liabilities and assets were as follows as of December 31:”
| December 31, | | |
| (in millions) | 2025 | 2024 | |
| Deferred tax liabilities: | | | |
| Depreciation and amortization | $601.9 | | $614.5 |
| Depletion | 593.5 | | 573.4 |
| Partnership tax basis differences | 63.5 | | 80.6 |
| Undistributed earnings of non-U.S. subsidiaries | 47.4 | | 84.4 |
| Other liabilities | 61.8 | | 78.6 |
First 8 of 21 rows. The download has all of them.
Table 92 after “Changes to our income tax valuation allowance were as follows:”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Income tax valuation allowance, related to deferred income taxes | | | | | |
| Balance at beginning of period | $1,529.3 | | $1,421.9 | | $909.9 |
| Charges or (reductions) to costs and expenses | 336.7 | | 107.4 | | 512.0 |
| Balance at end of period | $1,866.0 | | $1,529.3 | | $1,421.9 |
Table 93 after “A summary of gross unrecognized tax benefit activity is as follows:”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Gross unrecognized tax benefits, beginning of period | $14.2 | | $25.8 | | $25.2 |
| Gross increases: | | | | | |
| Prior period tax positions | — | | — | | 0.9 |
| Current period tax positions | 1,401.1 | | 1.6 | | 3.0 |
| Gross decreases: | | | | | |
| Prior period tax positions | (2.3) | | (11.5) | | (3.8) |
First 8 of 10 rows. The download has all of them.
Table 94 after “A reconciliation of our AROs is as follows:”
| Years Ended December 31, | | |
| (in millions) | 2025 | 2024 | |
| AROs, beginning of period | $2,572.2 | | $2,213.4 |
| Liabilities incurred | 22.7 | | 29.8 |
| Liabilities settled | (288.9) | | (253.8) |
| Accretion expense | 129.7 | | 111.2 |
| Revisions in estimated cash flows | 190.5 | | 541.4 |
| Foreign currency translation | 37.8 | | (69.8) |
First 8 of 12 rows. The download has all of them.
Table 95 after “The following is the total absolute notional volume associated with our outstanding derivative instruments:”
| (in millions of Units) | | | | | |
| Instrument | Derivative Category | Unit of Measure | December 31, 2025 | December 31, 2024 | |
| Foreign currency derivatives | Foreign Currency | U.S. Dollars | 433.3 | | 1,377.3 |
| Natural gas derivatives | Commodity | MM BTU | 0.9 | | 2.5 |
Table 96 after “The carrying amounts and estimated fair values of our financial instruments are as follows:”
| December 31, | | | | | |
| 2025 | 2024 | | | | |
| Carrying | Fair | | Carrying | Fair | |
| (in millions) | Amount | Value | | Amount | Value | |
| Cash and cash equivalents | $276.6 | | $276.6 | | $272.8 | $272.8 |
| Accounts receivable | 1,078.6 | | 1,078.6 | | 1,113.3 | 1,113.3 |
| Equity securities | 1,804.2 | | 1,804.2 | | 1,486.8 | 1,486.8 |
| Accounts payable | 1,171.9 | | 1,171.9 | | 1,156.5 | 1,156.5 |
First 8 of 11 rows. The download has all of them.
Table 97 after “The year-end status of the North American pension plans was as follows:”
| Pension Plans | | |
| Years Ended December 31, | | |
| (in millions) | 2025 | 2024 | |
| Change in projected benefit obligation: | | | |
| Benefit obligation at beginning of period | $114.6 | | $119.6 |
| Service cost | 2.7 | | 3.0 |
| Interest cost | 5.2 | | 5.5 |
| Actuarial loss | (3.7) | | 0.2 |
First 8 of 27 rows. The download has all of them.
Table 98 after “% on each of December 31, 2025 and 2024, respectively was as follows:”
| Postretirement Medical Benefits | | |
| Years Ended December 31, | | |
| (in millions) | 2025 | 2024 | |
| Change in accumulated postretirement benefit obligation (“APBO”): | | | |
| APBO at beginning of year | $54.3 | | $74.4 |
| Interest cost | 6.6 | | 7.4 |
| Actuarial (gain) loss | (1.8) | | (11.2) |
| Currency fluctuations | 7.2 | | (15.2) |
First 8 of 21 rows. The download has all of them.
Table 99 after “The following table sets forth the changes in AOCI by component during the years ended December 31, 2025, 2024 and 2023:”
| (in millions) | Foreign Currency Translation Gain (Loss) | Net Actuarial Gain and Prior Service Cost | | Amortization of Gain on Interest Rate Swap | Net Gain (Loss) on Marketable Securities Held in Trust | Total | | |
| Balance at December 31, 2022 | $(2,082.3) | | $(53.1) | | $6.7 | | $(23.5) | (2,152.2) |
| Other comprehensive income (loss) | 152.0 | | 31.1 | | 1.8 | | 30.6 | 215.5 |
| Tax (expense) or benefit | 2.1 | | (11.0) | | (0.4) | | (6.9) | (16.2) |
| Other comprehensive income (loss), net of tax | 154.1 | | 20.1 | | 1.4 | | 23.7 | 199.3 |
| Less: (Gain) Loss attributable to noncontrolling interest | (2.0) | | — | | — | | — | (2.0) |
| Balance at December 31, 2023 | $(1,930.2) | | $(33.0) | | $8.1 | | $0.2 | $(1,954.9) |
| Other comprehensive income (loss) | (478.6) | | 16.8 | | (0.1) | | (19.6) | (481.5) |
First 8 of 17 rows. The download has all of them.
Table 100 after “Assumptions used to calculate the fair value of stock options awarded in 2017 are noted in the following table. Expected volatility is based”
| Year Ended December 31, 2017 |
| Weighted average assumptions used in option valuations: | |
| Expected volatility | 35.35% |
| Expected dividend yield | 1.97% |
| Expected term (in years) | 7 |
| Risk-free interest rate | 2.34% |
Table 101 after “A summary of the status of our stock options as of December 31, 2025, and activity during 2025, is as follows:”
| Shares (in millions) | Weighted Average Exercise Price | | Weighted Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value | |
| Outstanding as of December 31, 2024 | 0.5 | | $32.68 | | | |
| Granted | — | | — | | | |
| Exercised | (0.1) | | $28.49 | | | |
| Cancelled or forfeited | (0.1) | | $50.43 | | | |
| Outstanding as of December 31, 2025 | 0.3 | | $29.80 | | 0.85 | $— |
| Exercisable as of December 31, 2025 | 0.3 | | $29.80 | | 0.85 | $— |
Table 102 after “A summary of the status of our restricted stock units as of December 31, 2025, and activity during 2025, is as follows:”
| Shares (in millions) | Weighted Average Grant Date Fair Value Per Share | |
| Restricted stock units as of December 31, 2024 | 1.6 | | $41.61 |
| Granted | 1.0 | | 23.87 |
| Issued and cancelled or forfeited | (0.4) | | $49.48 |
| Restricted stock units as of December 31, 2025 | 2.2 | | $31.74 |
Table 103 after “A summary of the assumptions used to estimate the fair value of TSR performance units is as follows:”
| Years Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Performance units granted | 818,382 | | 496,367 | | 1,206,283 |
| Average fair value of performance units on grant date | $21.3 | | $31.02 | | $50.56 |
| Weighted average assumptions used in performance unit valuations: | | | | | |
| Expected volatility | 39.71% | | 40.95% | | 48.33% |
| Expected dividend yield | 3.64% | | 2.59% | | 1.52% |
| Expected term (in years) | 3 | 3 | | 3 | |
First 8 of 9 rows. The download has all of them.
Table 104 after “A summary of our performance unit activity during 2025 is as follows:”
| Shares (in millions) | Weighted Average Grant Date Fair Value Per Share | |
| Outstanding as of December 31, 2024 | 1.1 | | $44.15 |
| Granted | 0.8 | | 21.30 |
| Issued and cancelled or forfeited | (0.2) | | $54.16 |
| Outstanding as of December 31, 2025 | 1.7 | | $31.26 |
Table 105 after “A schedule of future minimum long-term purchase commitments, based on expected market prices as of December 31, 2025 is as follows:”
| (in millions) | Purchase Commitments |
| 2026 | $4,887.8 |
| 2027 | 2,245.4 |
| 2028 | 769.5 |
| 2029 | 449.8 |
| 2030 | 234.6 |
| Subsequent years | 24.8 |
| $8,611.9 |
Table 106 after “The Consolidated Statements of Earnings included the following transactions with our non-consolidated companies:”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Transactions with non-consolidated companies included in net sales | $1,274.9 | | $931.0 | | $1,321.0 |
| Transactions with non-consolidated companies included in cost of goods sold | $1,015.6 | | $1,082.7 | | $1,465.2 |
Table 107 after “Segment information for the years 2025, 2024 and 2023 is as follows:”
| (in millions) | Phosphate | Potash | | Mosaic Fertilizantes | Corporate,Eliminationsand Other (a) | Total | | |
| Year Ended December 31, 2025 | | | | | | | | |
| Net sales to external customers | $3,877.8 | | $2,658.7 | | $4,847.3 | | $668.6 | $12,052.4 |
| Intersegment net sales | 698.7 | | 3.0 | | — | | (701.7) | — |
| Net sales | 4,576.5 | | 2,661.7 | | 4,847.3 | | (33.1) | 12,052.4 |
| Cost of goods sold(b) | 4,139.2 | | 1,791.7 | | 4,355.3 | | (135.7) | 10,150.5 |
| Gross margin | 437.3 | | 870.0 | | 492.0 | | 102.6 | 1,901.9 |
| Canadian resource taxes | — | | 272.8 | | — | | — | 272.8 |
First 8 of 41 rows. The download has all of them.
| Loss (gain) on assets sold and to be sold | — | — | — | (56.5) | (56.5) |
| Other operating expenses(d) | 284.3 | 33.5 | 27.0 | 83.7 | 428.5 |
| Operating earnings | 375.7 | 1,151.5 | 74.5 | (263.6) | 1,338.1 |
| Capital expenditures | 625.9 | 357.4 | 336.3 | 82.8 | 1,402.4 |
| Depreciation, depletion and amortization expense | 485.7 | 299.0 | 165.5 | 10.4 | 960.6 |
| Equity in net earnings of nonconsolidated companies | 56.4 | — | — | 3.9 | 60.3 |
| Total assets as of December 31, 2025 | $10,239.0 | $6,610.6 | $4,618.5 | $3,012.0 | $24,480.1 |
| Total assets as of December 31, 2024(e) | 9,419.5 | 6,480.6 | 4,372.0 | 2,651.9 | 22,924.0 |
First 8 of 9 rows. The download has all of them.
Table 109 after “Financial information relating to our operations by geographic area is as follows:”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Net sales(a): | | | | | |
| Brazil | $4,678.5 | | $4,296.2 | | $5,480.9 |
| Canpotex(b) | 1,247.8 | | 884.3 | | 1,275.7 |
| China | 551.3 | | 536.9 | | 556.1 |
| Canada | 387.6 | | 520.1 | | 411.6 |
| Paraguay | 148.0 | | 178.5 | | 222.8 |
First 8 of 21 rows. The download has all of them.
| December 31, | | |
| (in millions) | 2025 | 2024 | |
| Long-lived assets: | | | |
| Canada | $5,837.8 | | $5,390.5 |
| Brazil | 2,372.9 | | 2,012.8 |
| Other | 630.5 | | 545.8 |
| Total international countries | 8,841.2 | | 7,949.1 |
| United States | 8,584.7 | | 8,457.2 |
First 8 of 9 rows. The download has all of them.
Table 111 after “Net sales by product type for the years 2025, 2024 and 2023 are as follows:”
| Years Ended December 31, | | | | |
| (in millions) | 2025 | 2024 | | 2023 | |
| Sales by product type: | | | | | |
| Phosphate Crop Nutrients | $3,273.4 | | $2,978.7 | | $3,277.5 |
| Potash Crop Nutrients | 2,920.4 | | 2,808.6 | | 4,107.7 |
| Crop Nutrient Blends | 1,380.6 | | 1,253.4 | | 2,107.4 |
| Performance Products(a) | 2,635.1 | | 2,264.2 | | 2,453.3 |
| Phosphate Rock | 132.1 | | 217.2 | | 125.9 |
First 8 of 10 rows. The download has all of them.
Table 112 after “The carrying amounts of the major classes of assets and liabilities of the Carlsbad disposal group classified as held for sale as of Decembe”
| (in millions) | |
| Assets | |
| Accounts receivable, net | $15.7 |
| Inventories, net | 44.5 |
| Other assets | 14.2 |
| Property, plant and equipment, net | 184.1 |
| Valuation allowance on assets held for sale | (185.0) |
| Current assets held for sale | $73.5 |
First 8 of 13 rows. The download has all of them.