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, 2023 and December 31, 2022, the fair value of our major foreign currency exchange contracts was $(22.8) million and $(27.3) million, respectively.
+Added: As of March 31, 2024 and December 31, 2023, the fair value of our major foreign currency exchange contracts was $(5.8) million and $28.4 million, respectively.
The table below provides information about Mosaic’s significant foreign exchange derivatives.
−Removed: (in millions US$) As of September 30, 2023 As of December 31, 2022
+Added: (in millions US$) As of March 31, 2024 As of December 31, 2023
Expected Maturity Date Fair Value Expected Maturity Date Fair Value
18 unchanged sentences
dollar 83.6596 — — 83.7458 —
−Removed: Notional (million US$) - long Indian rupee $ 8.4 $ — $ — $ 40.2 $ —
−Removed: Weighted Average Rate - Indian rupee to U.S.
−Removed: dollar 82.8905 — — 81.9971 —
China Renminbi $ 0.1 $ (1.4)
4 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, 2023 and December 31, 2022, the fair value of our natural gas commodities contracts was $1.6 million and $18.7 million, respectively.
+Added: As of March 31, 2024 and December 31, 2023, the fair value of our natural gas commodities contracts was $(8.9) million and $(10.3) 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, 2023 As of December 31, 2022
+Added: (in millions) As of March 31, 2024 As of December 31, 2023
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.