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 June 30, 2024 and December 31, 2023, the fair value of our major foreign currency exchange contracts was $(36.6) million and $28.4 million, respectively.
+Added: As of September 30, 2024 and December 31, 2023, the fair value of our major foreign currency exchange contracts was $0.3 million and $28.4 million, respectively.
The table below provides information about Mosaic’s significant foreign exchange derivatives.
−Removed: (in millions US$) As of June 30, 2024 As of December 31, 2023
+Added: (in millions US$) As of September 30, 2024 As of December 31, 2023
Expected Maturity Date Fair Value Expected Maturity Date Fair Value
9 unchanged sentences
dollar 1.3485 1.3469 — 1.3430 1.3445
+Added: Indian Rupee $ 0.0 $ 0.0
+Added: Notional (million US$) - short Indian rupee $ 7.6 $ 2.0 $ — $ — $ —
+Added: Weighted Average Rate - Indian rupee to U.S.
+Added: dollar 83.8642 84.0382 — — —
Foreign Currency Exchange Non-Deliverable Forwards
11 unchanged sentences
dollar 7.0452 — — 7.1336 —
−Removed: Notional (million US$) - long China renminbi $ 20.5 $ — $ — — —
−Removed: Weighted Average Rate - China renminbi to U.S.
−Removed: dollar 7.1067 — — — —
Total Fair Value $ 0.3 $ 28.4
−Removed: 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 June 30, 2024 and December 31, 2023, the fair value of our natural gas commodities contracts was $(5.9) million and $(10.3) million, respectively.
+Added: 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
+Added: Financial Statements in this report.
+Added: As of September 30, 2024 and December 31, 2023, the fair value of our natural gas commodities contracts was $(4.3) 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 June 30, 2024 As of December 31, 2023
+Added: (in millions) As of September 30, 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.