8 unchanged sentences
Mosaic hedges cash flows on a declining basis, up to 18 months for the Canadian dollar and up to 12 months for the Brazilian real.
−Removed: As of September 30, 2025 and December 31, 2024, the fair value of our major foreign currency exchange contracts was $0.5 million and $(82.6) million, respectively.
+Added: As of March 31, 2026 and December 31, 2025, the fair value of our major foreign currency exchange contracts was $0.1 million and $1.0 million, respectively.
The table below provides information about Mosaic’s significant foreign exchange derivatives.
−Removed: (in millions US$) As of September 30, 2025 As of December 31, 2024
+Added: (in millions US$) As of March 31, 2026 As of December 31, 2025
Expected Maturity Date Fair Value Expected Maturity Date Fair Value
3 unchanged sentences
Canadian Dollar $ (0.7) $ 2.4
−Removed: Notional (million US$) - short Canadian dollars $ 56.8 $ — $ — $ 51.6 $ —
−Removed: Weighted Average Rate - Canadian dollar to U.S.
−Removed: dollar 1.4077 — — 1.3771 —
Notional (million US$) - long Canadian dollars $ 38.2 $ — $ — $ 181.1 $ —
10 unchanged sentences
dollar — — — 5.6132 —
+Added: Notional (million US$) - short Brazilian real $ 177.5 $ — $ — $ — $ —
+Added: Weighted Average Rate - Brazilian real to U.S.
+Added: dollar 5.2686 — — — —
Indian Rupee $ 0.7 $ —
8 unchanged sentences
Further information regarding foreign currency exchange rates and derivatives is included in Management’s Discussion and Analysis of Financial Condition and Results of Operations in our 10-K Report and Note 12 to the Condensed Consolidated Financial Statements in this report.
−Removed: As of September 30, 2025 and December 31, 2024, the fair value of our natural gas commodities contracts was $(0.5) million and $(1.8) million, respectively.
+Added: As of March 31, 2026 and December 31, 2025, the fair value of our natural gas commodities contracts was zero and $(0.4) million, respectively.
The table below provides information about our natural gas derivatives which are used to manage the risk related to significant price changes in natural gas.
−Removed: (in millions) As of September 30, 2025 As of December 31, 2024
+Added: (in millions) As of March 31, 2026 As of December 31, 2025
Expected Maturity Date Expected Maturity Date
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.