MOS · 10-Q · 2026Q3 · Full report

Operating Expense Trends

MOSAIC CO · 2026-11-04 · Importance 77 · Surprise 82

Other operating expense increased to $408.7 million for the nine months ended September 30, 2026, from $148.2 million a year earlier. The current-year total included approximately $69 million of engineering and equipment costs after Mosaic decided not to proceed with a project, approximately $159 million tied to the Araxá and Patrocínio actions, and approximately $15 million of restructuring charges. Third-quarter other operating expense was $56.3 million, up from $13.9 million, including $20 million of higher environmental reserves, $14 million of costs related to indefinitely idled Brazilian facilities and approximately $10 million of restructuring expense. Nine-month SG&A declined $23.4 million to $391.9 million, including approximately $6 million of Mosaic Fertilizantes bad-debt reserves versus $33 million in the prior-year period.

Key facts

• Mosaic recorded approximately $69 million of engineering and equipment costs for a project it decided not to proceed with and approximately $15 million of restructuring charges in the first nine months of 2026. source
• Mosaic's selling, general and administrative expenses decreased $23.4 million in the first nine months of 2026; bad debt reserves in Mosaic Fertilizantes were approximately $6 million versus approximately $33 million in 2025. source
• Mosaic's third-quarter 2026 other operating expense included approximately $20 million of higher environmental reserves, $14 million of costs related to indefinitely idled Brazilian facilities, and $10 million of restructuring expense. source
• The Company identifies actual costs of asset retirement, environmental remediation, reclamation and other environmental obligations exceeding management’s current estimates as a risk. source
• The Company identifies legal and administrative proceedings and regulatory matters, including environmental, tax and administrative proceedings, as potential sources of costs and effects on the Company. source