CF Industries (CF) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document and Entity Information
Entity Registrant Name	CF Industries Holdings, Inc.
Entity Central Index Key	1,324,404
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		233,047,785
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS shares in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)$ / sharesshares		Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)$ / sharesshares
Income Statement [Abstract]
Net sales	$ 1,311.5	$ 1,472.7		$ 2,265.1	$ 2,605.3
Cost of sales	625.6	882.4		1,163.4	1,572.2
Gross margin	685.9	590.3		1,101.7	1,033.1
Selling, general and administrative expenses	37.9	39.5		78	81.2
Other operating—net	22.4	21.6		40.6	15.8
Total other operating costs and expenses	60.3	61.1		118.6	97
Gain on sale of phosphate business	0	0		0	747.1
Equity in earnings of operating affiliates	4.7	2.1		14.4	17.9
Operating earnings	630.3	531.3		997.5	1,701.1
Interest expense	29	50.7		62.9	90.7
Interest income	(0.2)	(0.3)		(0.6)	(0.5)
Other non-operating—net	0.5	0.7		0.5	0.6
Earnings before income taxes and equity in (losses) earnings of non-operating affiliates	601	480.2		934.7	1,610.3
Income tax provision	200.7	157.2		313.4	570.4
Equity in (losses) earnings of non-operating affiliates—net of taxes	(35.5)	1.7		(20.6)	5.2
Net earnings	364.8	324.7		600.7	1,045.1
Less: Net earnings attributable to noncontrolling interest	12.9	12.1		18.2	24
Net earnings attributable to common stockholders	$ 351.9	$ 312.6		$ 582.5	$ 1,021.1
Net earnings per share attributable to common stockholders:
Basic (in dollars per share) | $ / shares	$ 1.50	$ 1.22	[1]	$ 2.45	$ 3.86	[1]
Diluted (in dollars per share) | $ / shares	$ 1.49	$ 1.22	[1]	$ 2.44	$ 3.85	[1]
Weighted average common shares outstanding:
Basic (in shares) | shares	235.2	255.3	[1]	237.4	264.5	[1]
Diluted (in shares) | shares	236.1	256	[1]	238.3	265.3	[1]
Dividends declared per common share (in dollars per share) | $ / shares	$ 0.30	$ 0.20	[1]	$ 0.60	$ 0.40	[1]
[1]	Share and per share amounts have been retroactively restated for all prior periods presented to reflect the five-for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net earnings	$ 364.8	$ 324.7	$ 600.7	$ 1,045.1
Other comprehensive income (loss):
Foreign currency translation adjustment—net of taxes	36	30.3	(50.3)	13.4
Unrealized gain on securities—net of taxes	0	0.2	0	0.3
Defined benefit plans—net of taxes	(1.5)	(0.9)	4.3	6.5
Total other comprehensive income (loss)	34.5	29.6	(46)	20.2
Comprehensive income	399.3	354.3	554.7	1,065.3
Less: Comprehensive income attributable to noncontrolling interest	12.9	12.1	18.2	24
Comprehensive income attributable to common stockholders	$ 386.4	$ 342.2	$ 536.5	$ 1,041.3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS $ in Millions	Jun. 17, 2015	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)		Jun. 30, 2014USD ($)	Dec. 31, 2013USD ($)
Current assets:
Cash and cash equivalents		$ 809.9	$ 1,996.6		$ 2,194.1	$ 1,710.8
Restricted cash		54	86.1
Accounts receivable—net		194.9	191.5
Inventories		205.3	202.9
Deferred income taxes		53.8	84
Prepaid income taxes		14.7	34.8
Other current assets		33.8	18.6
Total current assets		1,366.4	2,614.5
Property, plant and equipment—net		6,465.6	5,525.8
Investments in and advances to affiliates		808.7	861.5
Goodwill		2,090.8	2,092.8
Other assets		266.9	243.6
Total assets		10,998.4	11,338.2
Current liabilities:
Accounts payable and accrued expenses		701.2	589.9
Income taxes payable		12.4	16
Customer advances		17.3	325.4
Other current liabilities		22.6	48.4
Total current liabilities		753.5	979.7
Long-term debt		4,592.6	4,592.5
Deferred income taxes		776.5	818.6
Other liabilities		400	374.9
Stockholders' equity:
Preferred stock—$0.01 par value, 50,000,000 shares authorized		0	0
Common stock—$0.01 par value, 500,000,000 shares authorized, 2015—235,440,950 shares issued and 2014—245,904,140 shares issued(1)		2.4	2.5	[1]
Paid-in capital(1)		1,368	1,413.9	[1]
Retained earnings		3,080.3	3,175.3
Treasury stock—at cost, 2015—2,033,622 shares and 2014—4,231,090 shares(1)		(129)	(222.2)	[1]
Accumulated other comprehensive loss		(205.8)	(159.8)		(22.4)	(42.6)
Total stockholders' equity		4,115.9	4,209.7
Noncontrolling interest		359.9	362.8
Total equity		4,475.8	4,572.5		$ 4,845.1	$ 5,438.4
Total liabilities and equity		$ 10,998.4	$ 11,338.2
Stock split, conversion ratio	5
[1]	December 31, 2014 amounts have been retroactively restated to reflect the five-for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	235,440,950	245,904,140
Treasury stock, shares	2,033,622	4,231,090

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	Common Stock		Treasury Stock(1)		Paid-In Capital(1)		Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total Stockholders' Equity	Noncontrolling Interest
Balance at Dec. 31, 2013	$ 5,438.4	$ 2.8	[1]	$ (201.8)	[1]	$ 1,592.1	[1]	$ 3,725.6	$ (42.6)	$ 5,076.1	$ 362.3
Increase (decrease) in equity
Net earnings	1,045.1							1,021.1		1,021.1	24
Other comprehensive income:
Foreign currency translation adjustment—net of taxes	13.4								13.4	13.4
Unrealized net gain on securities—net of taxes	0.3								0.3	0.3
Defined benefit plans—net of taxes	6.5								6.5	6.5
Comprehensive income	1,065.3									1,041.3	24
Purchases of treasury stock	(1,550.8)			(1,550.8)						(1,550.8)
Treasury Stock, Retired, Cost Method, Amount	0	(0.2)	[1]	1,150.6	[1]	(133.3)	[1]	(1,017.1)		0
Acquisition of treasury stock under employee stock plans	(1.9)			(1.9)		0		0		(1.9)
Issuance of $0.01 par value common stock under employee stock plans	9.7			0.8		8.9		0		9.7
Stock-based compensation expense	9.9					9.9				9.9
Excess tax benefit from stock-based compensation	5.2					5.2				5.2
Cash dividends ($0.60 and $0.40 per share) for the years ended 2015 and 2014 respectively	(107.2)							(107.2)		(107.2)
Distributions declared to noncontrolling interest	(23.5)										(23.5)
Balance at Jun. 30, 2014	4,845.1	2.6	[1]	(603.1)	[1]	1,482.8	[1]	3,622.4	(22.4)	4,482.3	362.8
Balance at Dec. 31, 2013	5,438.4	2.8	[1]	(201.8)	[1]	1,592.1	[1]	3,725.6	(42.6)	5,076.1	362.3
Balance at Dec. 31, 2014	4,572.5	2.5	[1]	(222.2)	[1]	1,413.9	[1]	3,175.3	(159.8)	4,209.7	362.8
Increase (decrease) in equity
Net earnings	600.7							582.5		582.5	18.2
Other comprehensive income:
Foreign currency translation adjustment—net of taxes	(50.3)								(50.3)	(50.3)	0
Unrealized net gain on securities—net of taxes	0
Defined benefit plans—net of taxes	4.3								4.3	4.3
Comprehensive income	554.7									536.5	18.2
Purchases of treasury stock	(504.7)			(504.7)						(504.7)
Treasury Stock, Retired, Cost Method, Amount	0	(0.1)		597.1		(62)		(535)		0
Acquisition of treasury stock under employee stock plans	(1)	0		(0.1)		(0.9)		0		(1)
Issuance of $0.01 par value common stock under employee stock plans	8.3			0.9		7.4		0		8.3
Stock-based compensation expense	7.8					7.8				7.8
Excess tax benefit from stock-based compensation	1.8					1.8				1.8
Cash dividends ($0.60 and $0.40 per share) for the years ended 2015 and 2014 respectively	(142.5)							(142.5)		(142.5)
Distributions declared to noncontrolling interest	(21.1)										(21.1)
Balance at Jun. 30, 2015	$ 4,475.8	$ 2.4		$ (129)		$ 1,368		$ 3,080.3	$ (205.8)	$ 4,115.9	$ 359.9
[1]	Amounts have been retroactively restated for all prior periods presented to reflect the five-for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015.

CONSOLIDATED STATEMENTS OF EQU7

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Cash Dividends (dollars per share)	[1]	$ 0.6	$ 0.4
[1]	Amounts have been retroactively restated for all prior periods presented to reflect the five-for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Operating Activities:
Net earnings	$ 364.8	$ 324.7	$ 600.7	$ 1,045.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization			219.3	203.1
Deferred income taxes			(5.7)	1.1
Stock-based compensation expense			8.1	10
Excess tax benefit from stock-based compensation			(1.8)	(5.2)
Unrealized (gain) loss on derivatives			(43.2)	61.4
Loss on sale of equity method investments			42.8	0
Gain on sale of phosphate business	0	0	0	(747.1)
Loss on disposal of property, plant and equipment			13.6	1
Undistributed earnings of affiliates—net of taxes			(16.2)	(15.1)
Changes in:
Accounts receivable—net			(3.7)	(12.1)
Inventories			(8)	64
Accrued and prepaid income taxes			30.4	22.6
Accounts payable and accrued expenses			(33.2)	(30.4)
Customer advances			(308.1)	(57.2)
Other—net			3.8	14.1
Net cash provided by operating activities			498.8	555.3
Investing Activities:
Additions to property, plant and equipment			(1,031.9)	(685)
Proceeds from sale of property, plant and equipment			8	5.9
Proceeds from sale of equity method investment			12.8	0
Proceeds from sale of phosphate business			0	1,353.6
Deposits to restricted cash funds			0	(505)
Withdrawals from restricted cash funds			32.1	14
Other—net			(22.4)	16.8
Net cash (used in) provided by investing activities			(1,001.4)	200.3
Financing Activities:
Proceeds from long-term borrowings			0	1,494.2
Financing fees			(2)	(16)
Dividends paid on common stock			(142.5)	(107.2)
Distributions to noncontrolling interest			(21.1)	(23.5)
Purchases of treasury stock			(523.1)	(1,591.2)
Issuances of common stock under employee stock plans			7.4	9.7
Excess tax benefit from stock-based compensation			1.8	5.2
Other—net			0	(43)
Net cash used in financing activities			(679.5)	(271.8)
Effect of exchange rate changes on cash and cash equivalents			(4.6)	(0.5)
(Decrease) increase in cash and cash equivalents			(1,186.7)	483.3
Cash and cash equivalents at beginning of period			1,996.6	1,710.8	$ 1,710.8
Cash and cash equivalents at end of period	$ 809.9	$ 2,194.1	$ 809.9	$ 2,194.1	$ 1,996.6

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	Background and Basis of Presentation We are one of the largest manufacturers and distributors of nitrogen fertilizer and other nitrogen products in the world. Our principal customers are cooperatives, independent fertilizer distributors and industrial users. Our principal nitrogen fertilizer products are ammonia, granular urea and urea ammonium nitrate solution (UAN). Our other nitrogen products include ammonium nitrate (AN), diesel exhaust fluid (DEF), urea liquor, and aqua ammonia, which are sold primarily to our industrial customers. Our core market and distribution facilities are concentrated in the midwestern United States and other major agricultural areas of the United States and Canada. We also export nitrogen fertilizer products, primarily from our Donaldsonville, Louisiana manufacturing facility. On May 15, 2015, the Company announced that its board of directors declared a five -for-one split of the Company's common stock to be effected in the form of a stock dividend. On June 17, 2015, stockholders of record as of the close of business on June 1, 2015 (Record Date) received four additional shares of common stock for each share of common held on the Record Date. Shares reserved under the Company's equity and incentive plans were adjusted to reflect the stock split. All share and per share data has been retroactively restated to reflect the stock split, except for the number of authorized shares of common stock. Since the par value of the common stock remained at $0.01 per share, the recorded value for common stock has been retroactively restated to reflect the par value of total outstanding shares with a corresponding decrease to paid in capital. Prior to March 17, 2014, we manufactured and distributed phosphate fertilizer products. Our principal phosphate products were diammonium phosphate (DAP) and monoammonium phosphate (MAP). On March 17, 2014, we completed the sale of our phosphate mining and manufacturing business (the "Transaction"), which was located in Florida, to The Mosaic Company (Mosaic) for approximately $1.4 billion in cash. The Transaction followed the terms of the definitive agreement executed in October 2013. The accounts receivable and accounts payable pertaining to the phosphate mining and manufacturing business and certain phosphate inventory held in distribution facilities were not sold to Mosaic in the Transaction and were settled in the ordinary course. Upon closing the Transaction, we began to supply Mosaic with ammonia produced by our Point Lisas Nitrogen Limited (PLNL) joint venture. The contract to supply ammonia to Mosaic from our PLNL joint venture represents the continuation of a supply practice that previously existed between our former phosphate mining and manufacturing business and other operations of the Company. Prior to March 17, 2014, PLNL sold ammonia to us for use in the phosphate business and the cost was included in our production costs in the phosphate segment. Subsequent to the sale of the phosphate business, we now sell the PLNL-sourced ammonia to Mosaic. The revenue from these sales to Mosaic and the costs to purchase the ammonia from PLNL are now included in our ammonia segment. Our 50% share of the operating results of our PLNL joint venture continues to be included in our equity in (losses) earnings of operating affiliates in our consolidated statements of operations. Because of the significance of this continuing supply practice, in accordance with U.S. generally accepted accounting principles (GAAP), the phosphate mining and manufacturing business is not reported as discontinued operations in our consolidated statements of operations. See Note 3—Phosphate Business Disposition for additional information. In the third quarter of 2014, we completed certain changes to our reporting structures and as a result, our reporting segments increased to the following five segments: ammonia, granular urea, UAN, other, and phosphate. The phosphate segment reflects the reported results of the phosphate business through March 17, 2014, plus the continuing sales of the phosphate inventory in the distribution network after March 17, 2014. The remaining phosphate inventory was sold in the second quarter of 2014; therefore, the phosphate segment does not have operating results subsequent to that quarter. The phosphate segment will continue to be included until the reporting of comparable period phosphate results ceases. Historical financial results have been restated to reflect the new segment structure on a comparable basis. See Note 18—Segment Disclosures for additional information. The accompanying unaudited interim consolidated financial statements have been prepared on the same basis as our audited consolidated financial statements for the year ended December 31, 2014 , in accordance with U.S. GAAP for interim financial reporting. In the opinion of management, these statements reflect all adjustments, consisting only of normal and recurring adjustments that are necessary for the fair representation of the information for the periods presented. The accompanying unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Operating results for any period presented apply to that period only and are not necessarily indicative of results for any future period. The accompanying unaudited interim consolidated financial statements should be read in conjunction with our audited consolidated financial statements and related disclosures included in our 2014 Annual Report on Form 10-K filed with the SEC on February 26, 2015. The preparation of the unaudited interim consolidated financial statements requires us to make use of estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the unaudited consolidated financial statements and the reported revenues and expenses for the periods presented. Significant estimates and assumptions are used for, but are not limited to, net realizable value of inventories, environmental remediation liabilities, environmental and litigation contingencies, the cost of customer incentives, useful lives of property and identifiable intangible assets, the assumptions used in the evaluation of potential impairments of property, investments, identifiable intangible assets and goodwill, income tax and valuation reserves, allowances for doubtful accounts receivable, the measurement of the fair values of investments for which markets are not active, assumptions used in the determination of the funded status and annual expense of pension and postretirement employee benefit plans and the assumptions used in the valuation of stock-based compensation awards granted to employees. All references to "CF Holdings," "the Company," "we," "us" and "our" refer to CF Industries Holdings, Inc. and its subsidiaries, except where the context makes clear that the reference is only to CF Industries Holdings, Inc. itself and not its subsidiaries. All references to "CF Industries" refer to CF Industries, Inc., a 100% owned subsidiary of CF Industries Holdings, Inc.

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	New Accounting Standards In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement (an update to Subtopic 350-40, Intangibles—Goodwill and Other—Internal-Use Software), which provides guidance on accounting for cloud computing arrangements. Under this ASU, if a cloud computing arrangement includes a software license, then the customer should account for the license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the arrangement should be accounted for as a service contract. This ASU is effective for arrangements entered into, or materially modified, in interim and annual periods beginning after December 15, 2015. Retrospective application of the ASU is permitted but not required. We are currently evaluating the impact of this ASU on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The ASU requires retrospective application and represents a change in accounting principle. This ASU is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. We expect that the adoption of this ASU will not have a material impact on our consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which supersedes the revenue recognition requirements in Accounting Standards Codification 605, Revenue Recognition. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments. Additionally, information concerning the costs to obtain and fulfill a contract, including assets to be recognized, is to be disclosed. In July 2015, the FASB voted to defer the effective date of this ASU to December 15, 2017 for interim and annual reporting periods beginning after that date. Early adoption of the standard as of December 15, 2016 (for interim and annual reporting periods beginning after that date) is permitted by the FASB. We are currently evaluating the impact of the adoption of this ASU on our consolidated financial statements.

Phosphate Business Disposition

Phosphate Business Disposition	6 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Phosphate Business Disposition	Phosphate Business Disposition In March 2014, we completed the sale of our phosphate mining and manufacturing business to Mosaic (the "Transaction") pursuant to the terms of an Asset Purchase Agreement dated as of October 28, 2013 (the "Purchase Agreement"), among CF Industries Holdings, Inc., CF Industries, Inc. and Mosaic for approximately $1.4 billion in cash. During the first quarter of 2014, we recognized pre-tax and after-tax gains on the Transaction of $747.1 million and $461.0 million , respectively. Under the terms of the Purchase Agreement, the accounts receivable and accounts payable pertaining to the phosphate mining and manufacturing business and certain phosphate fertilizer inventory held in distribution facilities were not sold to Mosaic in the Transaction and were settled in the ordinary course. During the fourth quarter of 2014, based on the ordinary course settlement of certain transactions and certain adjustments that were made in accordance with the Purchase Agreement, we increased the recognized pre-tax and after-tax gains on the Transaction to $750.1 million and $462.8 million , respectively. Upon closing the Transaction, we began to supply Mosaic with ammonia produced by our PLNL joint venture. The contract to supply ammonia to Mosaic from our PLNL joint venture represents the continuation of a supply practice that previously existed between our former phosphate mining and manufacturing business and other operations of the Company. Prior to March 17, 2014, PLNL sold ammonia to us for use in the phosphate business and the cost was included in our production costs in the phosphate segment. Subsequent to the sale of the phosphate business, we now sell the PLNL-sourced ammonia to Mosaic. The revenue from these sales to Mosaic and the costs to purchase the ammonia from PLNL are now included in our ammonia segment. Our 50% share of the operating results of our PLNL joint venture continues to be included in our equity in earnings of operating affiliates in our consolidated statements of operations. Because of the significance of this continuing supply practice, in accordance with U.S. GAAP, the phosphate mining and manufacturing business is not reported as discontinued operations in our consolidated statements of operations. The phosphate segment reflects the reported results of the phosphate business through March 17, 2014, plus the continuing sales of the phosphate inventory in the distribution network after March 17, 2014. The remaining phosphate inventory was sold in the second quarter of 2014; therefore, the phosphate segment does not have operating results subsequent to that quarter. The segment will continue to be included until the reporting of comparable period phosphate results ceases.

Net Earnings Per Share

Net Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Net Earnings Per Share	Net Earnings Per Share Net earnings per share were computed as follows: Three months ended Six months ended 2015 2014 2015 2014 (in millions, except per share amounts) Net earnings attributable to common stockholders $ 351.9 $ 312.6 $ 582.5 $ 1,021.1 Basic earnings per common share (1) : Weighted-average common shares outstanding 235.2 255.3 237.4 264.5 Net earnings attributable to common stockholders $ 1.50 $ 1.22 $ 2.45 $ 3.86 Diluted earnings per common share (1) : Weighted-average common shares outstanding 235.2 255.3 237.4 264.5 Dilutive common shares—stock options 0.9 0.7 0.9 0.8 Diluted weighted-average shares outstanding 236.1 256.0 238.3 265.3 Net earnings attributable to common stockholders $ 1.49 $ 1.22 $ 2.44 $ 3.85 _______________________________________________________________________________ (1) Share and per share amounts have been retroactively restated for all prior periods presented to reflect the five -for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015. In the computation of diluted earnings per common share, potentially dilutive stock options are excluded if the effect of their inclusion is anti-dilutive. For the three and six months ended June 30, 2015 and 2014 , anti-dilutive stock options were insignificant.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following: June 30, December 31, (in millions) Finished goods $ 180.7 $ 179.5 Raw materials, spare parts and supplies 24.6 23.4 $ 205.3 $ 202.9

Property, Plant and Equipment-N

Property, Plant and Equipment-Net	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment, Net [Abstract]
Property, Plant and Equipment-Net	Property, Plant and Equipment—Net Property, plant and equipment—net consists of the following: June 30, December 31, (in millions) Land $ 48.6 $ 48.4 Machinery and equipment 5,458.7 5,268.7 Buildings and improvements 174.5 160.7 Construction in progress (1) 3,422.0 2,559.0 9,103.8 8,036.8 Less: Accumulated depreciation and amortization 2,638.2 2,511.0 $ 6,465.6 $ 5,525.8 _______________________________________________________________________________ (1) As of June 30, 2015 and December 31, 2014 , we had construction in progress that was accrued but unpaid of $444.1 million and $279.0 million , respectively. These amounts included accruals related to our capacity expansion projects of $406.5 million and $244.3 million as of June 30, 2015 and December 31, 2014 , respectively. As of June 30, 2015 and December 31, 2014 , construction in progress includes expenditures of $3.0 billion and $2.0 billion , respectively, related to our capacity expansion projects in Port Neal, Iowa and Donaldsonville, Louisiana. Plant turnarounds —Scheduled inspections, replacements and overhauls of plant machinery and equipment at our continuous process manufacturing facilities during a full plant shutdown are referred to as plant turnarounds. The expenditures related to turnarounds are capitalized in property, plant and equipment when incurred. The following is a summary of plant turnaround activity: Six months ended 2015 2014 (in millions) Net capitalized turnaround costs: Beginning balance $ 153.2 $ 119.8 Additions 36.8 18.8 Depreciation (29.8 ) (29.5 ) Effect of exchange rate changes (1.4 ) (0.2 ) Ending balance $ 158.8 $ 108.9 Scheduled replacements and overhauls of plant machinery and equipment include the dismantling, repair or replacement and installation of various components including piping, valves, motors, turbines, pumps, compressors, heat exchangers and the replacement of catalysts when a full plant shutdown occurs. Scheduled inspections are also conducted during full plant shutdowns, including required safety inspections which entail the disassembly of various components such as steam boilers, pressure vessels and other equipment requiring safety certifications. Internal employee costs and overhead amounts are not considered turnaround costs and are not capitalized.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The following table shows the carrying amount of goodwill by business segment as of June 30, 2015 and December 31, 2014 : Ammonia Granular Urea UAN Other Total (in millions) Balance as of December 31, 2014 $ 578.7 $ 829.6 $ 577.0 $ 107.5 $ 2,092.8 Effect of exchange rate changes (0.6 ) (0.8 ) (0.6 ) — (2.0 ) Balance as of June 30, 2015 $ 578.1 $ 828.8 $ 576.4 $ 107.5 $ 2,090.8 Our identifiable intangibles and carrying values are shown below and are presented in other assets on our consolidated balance sheets. June 30, 2015 December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net (in millions) Intangible assets: Customer relationships $ 50.0 $ (14.6 ) $ 35.4 $ 50.0 $ (13.2 ) $ 36.8 TerraCair brand 10.0 (10.0 ) — 10.0 (5.0 ) 5.0 Total intangible assets $ 60.0 $ (24.6 ) $ 35.4 $ 60.0 $ (18.2 ) $ 41.8 Amortization expense of our identifiable intangibles was $0.7 million and $6.4 million for the three and six months ended June 30, 2015 , respectively, and $1.0 million and $2.0 million for the three and six months ended June 30, 2014 , respectively. In early 2015, management approved a plan to discontinue the usage of the TerraCair brand in the sale of DEF. Based on the change in the usage of this brand, the related intangible assets were fully amortized during the first quarter of 2015. Total estimated amortization expense for the remainder of 2015 and each of the five succeeding fiscal years is as follows: Estimated Amortization Expense (in millions) Remainder of 2015 $ 1.4 2016 2.8 2017 2.8 2018 2.8 2019 2.8 2020 2.8

Equity Method Investments

Equity Method Investments	6 Months Ended
	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments During the second quarter of 2015, Company management approved certain plans to focus its portfolio of equity method investments, including the following actions, which are further described below. Operating Equity Method Investments • We sold our 50% ownership interest in an ammonia storage joint venture in Houston, Texas. Non-Operating Equity Method Investments • We agreed to purchase the remaining 50% equity interest in GrowHow UK Limited (GrowHow). Upon closing, GrowHow will become a wholly-owned subsidiary. See Note 20—Subsequent Events for additional information. • We sold our 50% ownership interest in KEYTRADE AG (Keytrade). As of June 30, 2015 and December 31, 2014, equity method investments consist of the following: June 30, December 31, (in millions) Operating equity method investments $ 360.2 $ 377.6 Non-operating equity method investments 448.5 483.9 Investments in and advances to affiliates $ 808.7 $ 861.5 Operating Equity Method Investments In June 2015, we sold our 50% ownership interest in an ammonia storage joint venture in Houston, Texas. Equity in earnings of operating affiliates in our consolidated statement of operations for the three months ended June 30, 2015 includes a $0.8 million net loss consisting of the loss on the sale of the investment and our equity earnings from the operations of this joint venture through the date of the sale. As of June 30, 2015 , our remaining operating equity method investment was a 50% ownership interest in Point Lisas Nitrogen Limited (PLNL), which operates an ammonia production facility in the Republic of Trinidad and Tobago. We include our share of the net earnings from these equity method investments as an element of earnings from operations because these operations provide additional production and storage capacity to our operations and are integrated with our other supply chain and sales activities in the ammonia segment. The results of operations and financial position of PLNL and our equity in earnings of operating equity method investments are summarized below: Three months ended Six months ended 2015 2014 2015 2014 (in millions) Summarized PLNL statement of operations information: Net sales $ 52.9 $ 56.7 $ 120.5 $ 125.4 Net earnings $ 14.4 $ 8.4 $ 33.3 $ 29.8 Equity in earnings (losses) of operating affiliates: PLNL $ 5.5 $ 1.3 $ 13.2 $ 15.7 Ammonia storage joint venture $ (0.8 ) $ 0.8 $ 1.2 $ 2.2 June 30, December 31, (in millions) Summarized PLNL balance sheet information: Current assets $ 68.3 $ 88.1 Noncurrent assets 125.7 118.8 Total assets $ 194.0 $ 206.9 Current liabilities $ 20.2 $ 28.6 Noncurrent liabilities 20.0 21.8 Equity 153.8 156.5 Total liabilities and equity $ 194.0 $ 206.9 The total carrying value of our operating equity method investment as of June 30, 2015 was $360.2 million , which was $283.3 million more than our share of the affiliate's book value. The excess is primarily attributable to the purchase accounting impact of our acquisition of the investment in PLNL and reflects primarily the revaluation of property, plant and equipment, the value of an exclusive natural gas contract and goodwill. The increased basis for property, plant and equipment and the gas contract is being depreciated over a remaining period of approximately 18 years and 8 years , respectively. Our equity in earnings of operating affiliates is different from our ownership interest in income reported by the unconsolidated affiliates due to amortization of basis differences. We have transactions in the normal course of business with PLNL reflecting our obligation to purchase 50% of the ammonia produced by PLNL at current market prices. Our ammonia purchases from PLNL totaled $27.5 million and $57.1 million for the three and six months ended June 30, 2015 , respectively, and $32.0 million and $66.0 million for the three and six months ended June 30, 2014 , respectively. Non-Operating Equity Method Investments As of June 30, 2015, our non-operating equity method investment represents our 50% ownership interest in GrowHow, which operates nitrogen production facilities in the United Kingdom. Subsequent to June 30, 2015, we agreed to purchase the remaining 50% equity interest in GrowHow for total cash consideration of $580 million , subject to closing adjustments. On July 31, 2015, we completed the GrowHow acquisition and GrowHow became a wholly-owned subsidiary. See Note 20—Subsequent Events for additional information. During the second quarter of 2015, we sold our interests in Keytrade and recorded an after-tax loss of $29.2 million (pre-tax loss of $40.1 million ). Equity in (losses) earnings of non-operating affiliates—net of taxes for the three and six months ended June 30, 2015 includes our equity earnings in GrowHow for the respective period, our equity earnings in Keytrade through the date of sale and the after-tax loss on the sale of our interests in Keytrade. The results of operations and financial position of GrowHow and our equity in (losses) earnings of GrowHow and Keytrade are summarized below: Three months ended Six months ended 2015 2014 2015 2014 (in millions) Summarized GrowHow statement of operations information: Net sales $ 153.5 $ 156.2 $ 350.2 $ 371.9 Net earnings $ 5.7 $ 8.3 $ 39.7 $ 26.7 Equity in (losses) earnings of non-operating affiliates—net of taxes: GrowHow $ — $ 1.1 $ 14.3 $ 3.1 Keytrade $ (35.5 ) $ 0.6 $ (34.9 ) $ 2.1 June 30, December 31, (in millions) Summarized GrowHow balance sheet information: Current assets $ 215.1 $ 201.7 Noncurrent assets 316.0 294.7 Total assets $ 531.1 $ 496.4 Current liabilities $ 68.6 $ 69.3 Noncurrent liabilities 161.8 169.2 Equity 300.7 257.9 Total liabilities and equity $ 531.1 $ 496.4 The carrying value of our investment in GrowHow as of June 30, 2015 was $448.5 million , which was $298.2 million more than our share of the affiliate's book value. The excess is primarily attributable to the purchase accounting impact of our original acquisition of GrowHow and reflects the revaluation of property, plant and equipment, identifiable intangibles and goodwill. The increased basis for property, plant and equipment and identifiable intangibles is being depreciated over remaining periods of up to 10 years. Our equity in (losses) earnings of non-operating affiliates—net of taxes is different than our ownership interest in their net earnings due to the amortization of basis differences. As of June 30, 2015 , the amount of our consolidated retained earnings that represents our undistributed earnings of non-operating equity method investment in GrowHow is $9.6 million .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Our cash and cash equivalents and other investments consist of the following: June 30, 2015 Cost Basis Unrealized Gains Unrealized Losses Fair Value (in millions) Cash $ 82.3 $ — $ — $ 82.3 Cash equivalents: U.S. and Canadian government obligations 702.6 — — 702.6 Other debt securities 25.0 — — 25.0 Total cash and cash equivalents $ 809.9 $ — $ — $ 809.9 Restricted cash 54.0 — — 54.0 Nonqualified employee benefit trusts 18.2 2.1 — 20.3 December 31, 2014 Cost Basis Unrealized Gains Unrealized Losses Fair Value (in millions) Cash $ 71.3 $ — $ — $ 71.3 Cash equivalents: U.S. and Canadian government obligations 1,916.3 — — 1,916.3 Other debt securities 9.0 — — 9.0 Total cash and cash equivalents $ 1,996.6 $ — $ — $ 1,996.6 Restricted cash 86.1 — — 86.1 Nonqualified employee benefit trusts 17.4 2.0 — 19.4 Under our short-term investment policy, we may invest our cash balances, either directly or through mutual funds, in several types of investment-grade securities, including notes and bonds issued by governmental entities or corporations. Securities issued by governmental entities include those issued directly by the Federal government; those issued by state, local or other governmental entities; and those guaranteed by entities affiliated with governmental entities. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables present assets and liabilities included in our consolidated balance sheets as of June 30, 2015 and December 31, 2014 that are recognized at fair value on a recurring basis, and indicate the fair value hierarchy utilized to determine such fair value: June 30, 2015 Total Fair Value Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in millions) Cash equivalents $ 727.6 $ 727.6 $ — $ — Restricted cash 54.0 54.0 — — Derivative assets 23.1 — 23.1 — Nonqualified employee benefit trusts 20.3 20.3 — — Derivative liabilities (27.8 ) — (27.8 ) — December 31, 2014 Total Fair Value Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in millions) Cash equivalents $ 1,925.3 $ 1,925.3 $ — $ — Restricted cash 86.1 86.1 — — Derivative assets 0.5 — 0.5 — Nonqualified employee benefit trusts 19.4 19.4 — — Derivative liabilities (48.4 ) — (48.4 ) — Cash Equivalents As of June 30, 2015 and December 31, 2014 , our cash equivalents consisted primarily of U.S. and Canadian government obligations and money market mutual funds that invest in U.S. government obligations and other investment-grade securities. Restricted Cash We maintain a cash account for which the use of the funds is restricted. As of June 30, 2015 and December 31, 2014 , restricted cash consists of an account that was put in place to satisfy certain requirements included in our engineering and procurement services contract for our capacity expansion projects. Under the terms of this contract, we are required to grant an affiliate of ThyssenKrupp Industrial Solutions, formerly ThyssenKrupp Uhde, a security interest in a restricted cash account and maintain a cash balance in that account equal to the cancellation fees for procurement services and equipment that would arise if we were to cancel the projects. Derivative Instruments The derivative instruments that we use are primarily natural gas options, natural gas fixed price swaps and foreign currency forward contracts traded in the over-the-counter (OTC) markets with multi-national commercial banks, other major financial institutions and large energy companies. The natural gas derivatives are traded in months forward and settlements are scheduled to coincide with anticipated gas purchases during those future periods. The foreign currency derivative contracts held are for the exchange of a specified notional amount of currencies at specified future dates coinciding with anticipated foreign currency cash outflows associated with our Donaldsonville, Louisiana and Port Neal, Iowa capacity expansion projects. The natural gas derivative contracts settle using primarily NYMEX futures prices. To determine the fair value of these instruments, we use quoted market prices from NYMEX and standard pricing models with inputs derived from or corroborated by observable market data such as forward curves supplied by an industry-recognized unrelated third party. The currency derivatives are valued based on quoted market prices supplied by an industry-recognized independent third party. See Note 14—Derivative Financial Instruments for additional information. Nonqualified Employee Benefit Trusts We maintain trusts associated with certain deferred compensation related nonqualified employee benefits. The investments are accounted for as available-for-sale securities. The fair values of the trusts are based on daily quoted prices representing the net asset values of the investments. These trusts are included on our consolidated balance sheets in other assets. Financial Instruments The carrying amounts and estimated fair values of our financial instruments are as follows: June 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value (in millions) Long-term debt $ 4,592.6 $ 4,768.4 $ 4,592.5 $ 4,969.3 The fair value of our long-term debt was based on quoted prices for identical or similar liabilities in markets that are not active or valuation models in which all significant inputs and value drivers are observable and, as a result, are classified as Level 2 inputs. The carrying amounts of cash and cash equivalents, as well as instruments included in other current assets and other current liabilities that meet the definition of financial instruments, approximate fair values because of their short-term maturities.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our income tax provision for the three months ended June 30, 2015 was $200.7 million on pre-tax income of $601.0 million , or an effective tax rate of 33.4% , compared to an income tax provision of $157.2 million on pre-tax income of $480.2 million , or an effective tax rate of 32.7% , for the three months ended June 30, 2014 . Our effective tax rate was higher in the three months ended June 30, 2015 principally due to higher state income taxes and a reduced tax benefit from depletion related to our phosphate mining and manufacturing business that was sold in March 2014. Our effective tax rate based on pre-tax earnings differs from our effective tax rate based on pre-tax earnings exclusive of the noncontrolling interest, as our consolidated income tax provision does not include a tax provision on the earnings attributable to the noncontrolling interest in Terra Nitrogen Company, L.P. (TNCLP), which does not record an income tax provision. We recorded an income tax benefit of $11.9 million in the three months ended June 30, 2015 for the pre-tax losses on the sale of equity method investments. The tax benefit related to the loss on the sale of our interests in Keytrade is included in equity in (losses) earnings of non-operating affiliates—net of taxes in our consolidated statements of operations. See Note 8—Equity Method Investments for additional information. Our unrecognized tax benefits are $135.5 million as of June 30, 2015 of which approximately $97.0 million would impact our effective tax rate if these unrecognized tax benefits were to be recognized in the future.

Interest Expense

Interest Expense	6 Months Ended
	Jun. 30, 2015
Interest Expense [Abstract]
Interest Expense	Interest Expense Details of interest expense are as follows: Three months ended Six months ended 2015 2014 2015 2014 (in millions) Interest on borrowings (1) $ 63.5 $ 63.5 $ 127.0 $ 111.4 Fees on financing agreements (1) 2.4 2.4 3.8 5.9 Interest on tax liabilities 0.5 0.4 1.0 1.9 Interest capitalized (37.4 ) (15.6 ) (68.9 ) (28.5 ) $ 29.0 $ 50.7 $ 62.9 $ 90.7 _______________________________________________________________________________ (1) See Note 12—Financing Agreements for additional information.

Financing Agreements

Financing Agreements	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Financing Agreements	Financing Agreements Credit Agreement CF Holdings, as a guarantor, and CF Industries, as borrower, entered into a $500.0 million senior unsecured credit agreement, dated May 1, 2012 (the Credit Agreement), which provided for a revolving credit facility of up to $500.0 million with a maturity of five years . On April 22, 2013 , the Credit Agreement was amended and restated to increase the credit facility from $500.0 million to $1.0 billion and extend its maturity to May 1, 2018 . On March 20, 2015 , the Credit Agreement was further amended and restated to increase the credit facility from $1.0 billion to $1.5 billion and extend its maturity to March 20, 2020 . Borrowings under the Credit Agreement bear interest at a variable rate based on an applicable margin over LIBOR or a base rate and may be used for working capital, capital expenditures, acquisitions, share repurchases and other general corporate purposes. The Credit Agreement requires that the Company maintain a minimum interest coverage ratio and not exceed a maximum total leverage ratio, and includes other customary terms and conditions, including customary events of default and covenants. All obligations under the Credit Agreement are unsecured. Currently, CF Holdings is the only guarantor of CF Industries' obligations under the Credit Agreement. Certain of CF Industries' domestic subsidiaries would be required to become guarantors under the Credit Agreement if such subsidiary were to guarantee other debt of the Company or CF Industries in excess of $450.0 million . Currently, no such subsidiary guarantees any debt. As of June 30, 2015 , there was $1,495.1 million of available credit under the Credit Agreement (net of outstanding letters of credit of $4.9 million ), and there were no borrowings outstanding as of June 30, 2015 or December 31, 2014 , or during the periods then ended. Senior Notes Long-term debt presented on our consolidated balance sheets as of June 30, 2015 and December 31, 2014 consisted of the following: June 30, December 31, (in millions) Unsecured senior notes: 6.875% due 2018 $ 800.0 $ 800.0 7.125% due 2020 800.0 800.0 3.450% due 2023 749.4 749.4 5.150% due 2034 746.2 746.2 4.950% due 2043 748.8 748.8 5.375% due 2044 748.2 748.1 4,592.6 4,592.5 Less: Current portion — — Net long-term debt $ 4,592.6 $ 4,592.5 Under the indentures (including the applicable supplemental indentures) governing the senior notes identified in the table above, each series of senior notes is guaranteed by CF Holdings. Interest is paid semiannually and the senior notes are redeemable at our option, in whole at any time or in part from time to time, at specified make-whole redemption prices. The indentures governing the senior notes contain customary events of default and covenants that limit, among other things, the ability of CF Holdings and its subsidiaries, including CF Industries, to incur liens on certain properties to secure debt. If a Change of Control occurs together with a Ratings Downgrade (as both terms are defined under the indentures governing the senior notes), CF Industries would be required to offer to repurchase each series of senior notes at a price equal to 101% of the principal amount thereof, plus accrued and unpaid interest. In addition, in the event that a subsidiary of ours, other than CF Industries, becomes a borrower or a guarantor under the Credit Agreement (or any renewal, replacement or refinancing thereof), such subsidiary would be required to become a guarantor of the senior notes, provided that such requirement will no longer apply with respect to the senior notes due in 2023, 2034, 2043 and 2044 following the repayment of the senior notes due in 2018 and 2020 or the subsidiaries of ours, other than CF Industries, otherwise becoming no longer subject to such a requirement to guarantee the senior notes due in 2018 and 2020.

Noncontrolling Interests

Noncontrolling Interests	6 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interest Terra Nitrogen Company, L.P. (TNCLP) is a master limited partnership (MLP) that owns a nitrogen manufacturing facility in Verdigris, Oklahoma. We own an aggregate 75.3% of TNCLP through general and limited partnership interests. Outside investors own the remaining 24.7% of the limited partnership. For financial reporting purposes, the assets, liabilities and earnings of the partnership are consolidated into our financial statements. The outside investors' limited partnership interests in the partnership are recorded in noncontrolling interest in our consolidated financial statements. The noncontrolling interest represents the noncontrolling unitholders' interest in the earnings and equity of TNCLP. An affiliate of CF Industries is required to purchase all of TNCLP's fertilizer products at market prices as defined in the Amendment to the General and Administrative Services and Product Offtake Agreement, dated September 28, 2010. TNCLP makes cash distributions to the general and limited partners based on formulas defined within its Agreement of Limited Partnership. Cash available for distribution is defined in the agreement generally as all cash receipts less all cash disbursements, less certain reserves (including reserves for future operating and capital needs) established as the general partner determines in its reasonable discretion to be necessary or appropriate. Changes in working capital affect available cash, as increases in the amount of cash invested in working capital items (such as increases in inventory and decreases in accounts payable) reduce available cash, while declines in the amount of cash invested in working capital items increase available cash. Cash distributions to the limited partners and general partner vary depending on the extent to which the cumulative distributions exceed certain target threshold levels set forth in the Agreement of Limited Partnership. In each of the applicable quarters of 2015 and 2014 , the minimum quarterly distributions were satisfied, which entitled us, as the general partner, to receive increased distributions on our general partner interests as provided for in the Agreement of Limited Partnership. The earnings attributed to our general partner interest in excess of the threshold levels for the six months ended June 30, 2015 and 2014 , were $56.4 million and $80.1 million , respectively. As of June 30, 2015 , Terra Nitrogen GP Inc. (TNGP), the general partner of TNCLP (and an indirect wholly-owned subsidiary of CF Industries), and its affiliates owned 75.3% of TNCLP's outstanding units. When not more than 25% of TNCLP's issued and outstanding units are held by non-affiliates of TNGP, TNCLP, at TNGP's sole discretion, may call, or assign to TNGP or its affiliates, TNCLP's right to acquire all such outstanding units held by non-affiliated persons. If TNGP elects to acquire all outstanding units, TNCLP is required to give at least 30 but not more than 60 days' notice of TNCLP's decision to purchase the outstanding units. The purchase price per unit will be the greater of (1) the average of the previous 20 trading days' closing prices as of the date five days before the purchase is announced or (2) the highest price paid by TNGP or any of its affiliates for any unit within the 90 days preceding the date the purchase is announced. A reconciliation of the beginning and ending balances of TNCLP's noncontrolling interest and distributions payable to noncontrolling interests in our consolidated balance sheets is provided below. Six months ended 2015 2014 (in millions) Noncontrolling interest: Beginning balance $ 362.8 $ 362.3 Earnings attributable to noncontrolling interest 18.2 24.0 Declaration of distributions payable (21.1 ) (23.5 ) Ending balance $ 359.9 $ 362.8 Distributions payable to noncontrolling interest: Beginning balance $ — $ — Declaration of distributions payable 21.1 23.5 Distributions to noncontrolling interest (21.1 ) (23.5 ) Ending balance $ — $ — Proposed Internal Revenue Service Regulation Impacting Master Limited Partnerships Currently, no federal income taxes are paid by TNCLP due to its MLP status. Partnerships are generally not subject to federal income tax, although publicly-traded partnerships (such as TNCLP) are treated as corporations for federal income tax purposes (and therefore are subject to federal income tax), unless at least 90% of the partnership's gross income is "qualifying income" as defined in Section 7704 of the Internal Revenue Code of 1986, as amended, and the partnership is not required to register as an investment company under the Investment Company Act of 1940. Any change in the tax treatment of income from fertilizer-related activities as qualifying income could cause TNCLP to be treated as a corporation for federal income tax purposes, and could have a material adverse impact on unitholder distributions for unitholders who would not be entitled to a dividends received deduction or other similar offsetting deduction. If TNCLP were taxed as a corporation, under current law, due to its current ownership interest, CF Industries would qualify for a partial dividends received deduction on the dividends received from TNCLP. Therefore, we would not expect a change in the tax treatment of TNCLP to have a material impact on the consolidated financial condition or results of operations of CF Holdings. On May 6, 2015, the Internal Revenue Service (IRS) published proposed regulations on the types of income and activities which constitute or generate qualifying income of a MLP. The proposed regulations would have the effect of limiting the types of income and activities which qualify under the MLP rules, subject to certain transition provisions. The proposed regulations include as activities that generate qualifying income processing or refining and transportation activities with respect to any mineral or natural resource (including fertilizer), but reserve on specific proposals regarding fertilizer-related activities. We continue to monitor these IRS regulatory activities.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We use derivative financial instruments to reduce our exposure to changes in commodity prices and foreign currency exchange rates. Commodity Price Risk Management Natural gas is the largest and most volatile component of the manufacturing cost for nitrogen-based products. We manage the risk of changes in natural gas prices primarily through the use of derivative financial instruments covering periods of generally less than three years . The derivatives that we use are primarily natural gas options and natural gas fixed price swaps traded in the OTC markets. These natural gas derivatives settle using primarily a NYMEX futures price index, which represents the basis for fair value at any given time. We enter into natural gas derivative contracts with respect to natural gas to be consumed by us in the future, and settlements of those derivative contracts are scheduled to coincide with our anticipated purchases of natural gas used to manufacture nitrogen products during those future periods. We use natural gas derivatives as an economic hedge of natural gas price risk, but without the application of hedge accounting. As a result, changes in fair value of these contracts are recorded in earnings. As of June 30, 2015 and December 31, 2014 , we had open natural gas derivative contracts for 300.7 million MMBtus and 58.7 million MMBtus, respectively. For the six months ended June 30, 2015 , we used derivatives to cover approximately 70% of our natural gas consumption. Foreign Currency Exchange Rates In the fourth quarter of 2012, our Board of Directors authorized a project to construct new ammonia and urea/UAN plants at our Donaldsonville, Louisiana complex and new ammonia and urea plants at our Port Neal, Iowa complex. A portion of the capacity expansion project costs are euro-denominated. In order to manage our exposure to changes in the euro to U.S. dollar currency exchange rates, we have hedged our projected euro-denominated payments through the second quarter of 2016 using foreign currency forward contracts. As of June 30, 2015 and December 31, 2014 , the notional amount of our open foreign currency derivatives was €99.0 million and €209.0 million , respectively. None of these open foreign currency derivatives were designated as hedging instruments for accounting purposes. As of June 30, 2015 , accumulated other comprehensive income includes $7.4 million of pre-tax gains related to foreign currency derivatives that were originally designated as cash flow hedges. The hedges were de-designated as of December 31, 2013, and the remaining balance in accumulated other comprehensive income will be reclassified into income over the depreciable lives of the property, plant and equipment associated with the capacity expansion projects. We expect that the amounts to be reclassified within the next twelve months will be insignificant. See Note 16—Accumulated Other Comprehensive Income (Loss) for additional information. The effect of derivatives in our consolidated statements of operations is shown in the table below. None of our derivatives were designated as hedging instruments. Unrealized gain (loss) recognized in income Three months ended Location 2015 2014 (in millions) Natural gas derivatives Cost of sales $ 18.4 $ (28.6 ) Foreign exchange contracts Other operating—net 15.1 (8.3 ) Unrealized gains (losses) recognized in income $ 33.5 $ (36.9 ) Gain (loss) in income Three months ended All Derivatives 2015 2014 (in millions) Unrealized gains (losses) $ 33.5 $ (36.9 ) Realized (losses) gains (15.4 ) 35.5 Net derivative gains (losses) $ 18.1 $ (1.4 ) Unrealized gain (loss) recognized in income Six months ended Location 2015 2014 (in millions) Natural gas derivatives Cost of sales $ 47.1 $ (51.2 ) Foreign exchange contracts Other operating—net 2.8 (13.2 ) Unrealized gains (losses) recognized in income $ 49.9 $ (64.4 ) Gain (loss) in income Six months ended All Derivatives 2015 2014 (in millions) Unrealized gains (losses) $ 49.9 $ (64.4 ) Realized (losses) gains (59.1 ) 97.5 Net derivative (losses) gains $ (9.2 ) $ 33.1 The fair values of derivatives on our consolidated balance sheets are shown below. As of June 30, 2015 and December 31, 2014 , none of our derivative instruments were designated as hedging instruments. For additional information on derivative fair values, see Note 9—Fair Value Measurements . Asset Derivatives Liability Derivatives Balance Sheet Location June 30, December 31, Balance Sheet Location June 30, December 31, (in millions) (in millions) Foreign exchange contracts Other current assets $ — $ — Other current liabilities $ (19.6 ) $ (22.4 ) Foreign exchange contracts Other assets — — Other liabilities — — Natural gas derivatives Other current assets 13.5 0.5 Other current liabilities (3.0 ) (26.0 ) Natural gas derivatives Other assets 9.6 — Other liabilities (5.2 ) — Total derivatives $ 23.1 $ 0.5 $ (27.8 ) $ (48.4 ) Current / Noncurrent totals Other current assets $ 13.5 $ 0.5 Other current liabilities $ (22.6 ) $ (48.4 ) Other assets 9.6 — Other liabilities (5.2 ) — Total derivatives $ 23.1 $ 0.5 $ (27.8 ) $ (48.4 ) As of June 30, 2015 and December 31, 2014 , the aggregate fair value of the derivative instruments with credit-risk-related contingent features in a net liability position was $23.8 million and $47.1 million , respectively, which also approximates the fair value of the maximum amount of additional collateral that would need to be posted or assets needed to settle the obligations if the credit-risk-related contingent features were triggered at the reporting dates. At both June 30, 2015 and December 31, 2014 , we had no cash collateral on deposit with counterparties for derivative contracts. The credit support documents executed in connection with certain of our International Swaps and Derivatives Association (ISDA) agreements generally provide us and our counterparties the right to set off collateral against amounts owing under the ISDA agreements upon the occurrence of a default or a specified termination event. The following table presents amounts relevant to offsetting of our derivative assets and liabilities as of June 30, 2015 and December 31, 2014 : Amounts presented in consolidated balance sheets (1) Gross amounts not offset in consolidated balance sheets Financial instruments Cash collateral received (pledged) Net amount (in millions) June 30, 2015 Total derivative assets $ 23.1 $ 23.1 $ — $ — Total derivative liabilities 27.8 23.1 — 4.7 Net derivative liabilities $ (4.7 ) $ — $ — $ (4.7 ) December 31, 2014 Total derivative assets $ 0.5 $ 0.5 $ — $ — Total derivative liabilities 48.4 0.5 — 47.9 Net derivative liabilities $ (47.9 ) $ — $ — $ (47.9 ) _______________________________________________________________________________ (1) We report the fair values of our derivative assets and liabilities on a gross basis on our consolidated balance sheets. As a result, the gross amounts recognized and net amounts presented are the same. We do not believe the contractually allowed netting, close-out netting or setoff of amounts owed to, or due from, the counterparties to our ISDA agreements would have a material effect on our financial position.

Treasury Stock

Treasury Stock	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Treasury Stock	Treasury Stock Our Board of Directors has authorized certain programs to repurchase shares of our common stock. Each of these programs is consistent in that repurchases may be made from time to time in the open market, through privately-negotiated transactions, through block transactions or otherwise. The manner, timing and amount of repurchases are determined by our management based on the evaluation of market conditions, stock price and other factors. In the third quarter of 2012, our Board of Directors authorized a program to repurchase up to $3.0 billion of the common stock of CF Holdings through December 31, 2016 (the 2012 Program). The repurchases under this program were completed in the second quarter of 2014. On August 6, 2014, our Board of Directors authorized a program to repurchase up to $1.0 billion of the common stock of CF Holdings through December 31, 2016 (the 2014 Program). The following table summarizes the share repurchases under the 2014 Program and the 2012 Program. The number of shares has been retroactively restated for all prior periods presented to reflect the five -for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015. See Note 1—Background and Basis of Presentation for further information. 2014 Program 2012 Program Shares Amounts Shares Amounts (in millions) Shares repurchased as of December 31, 2013 — $ — 36.7 $ 1,449.3 Shares repurchased in 2014: First quarter — $ — 16.0 $ 793.9 Second quarter — — 15.4 756.8 Third quarter — — — — Fourth quarter 7.0 372.8 — — Total shares repurchased in 2014 7.0 372.8 31.4 1,550.7 Shares repurchased as of December 31, 2014 7.0 $ 372.8 68.1 $ 3,000.0 Shares repurchased in 2015: First quarter 4.1 $ 236.6 Second quarter 4.5 268.1 Total shares repurchased in 2015 8.6 504.7 Shares repurchased as of June 30, 2015 15.6 $ 877.5 As of June 30, 2015 and December 31, 2014 , the amount of shares repurchased that was accrued but unpaid was $10.8 million and $29.1 million , respectively. During the six months ended June 30, 2015 and 2014 , we retired 10.7 million shares and 23.5 million shares of repurchased stock, respectively. As of June 30, 2015 and December 31, 2014 , we held in treasury approximately 2.0 million and 4.2 million shares of repurchased stock, respectively. See Note 20—Subsequent Events for a discussion of shares repurchased subsequent to June 30, 2015 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Changes to accumulated other comprehensive income (AOCI) are as follows: Foreign Currency Translation Adjustment Unrealized Gain (Loss) on Securities Unrealized Gain (Loss) on Derivatives Defined Benefit Plans Accumulated Other Comprehensive Income (Loss) (in millions) Balance as of December 31, 2013 $ 31.9 $ 0.6 $ 6.5 $ (81.6 ) $ (42.6 ) Unrealized gain — 0.5 — — 0.5 Gain arising during the period — — — 3.3 3.3 Reclassification to earnings — — — 0.9 0.9 Effect of exchange rate changes and deferred taxes 13.4 (0.2 ) — 2.3 15.5 Balance as of June 30, 2014 $ 45.3 $ 0.9 $ 6.5 $ (75.1 ) $ (22.4 ) Balance as of December 31, 2014 $ (40.5 ) $ 0.8 $ 4.7 $ (124.8 ) $ (159.8 ) Unrealized gain — 0.1 — — 0.1 Loss arising during the period — — — (3.4 ) (3.4 ) Reclassification to earnings — (0.1 ) — 3.1 3.0 Effect of exchange rate changes and deferred taxes (50.3 ) — — 4.6 (45.7 ) Balance as of June 30, 2015 $ (90.8 ) $ 0.8 $ 4.7 $ (120.5 ) $ (205.8 ) Reclassifications out of AOCI to earnings during the three and six months ended June 30, 2015 and 2014 were as follows: Three months ended Six months ended 2015 2014 2015 2014 (in millions) Unrealized (Gain) Loss on Securities Available-for-sale securities (1) $ — $ 0.1 $ (0.1 ) $ — Total before tax — 0.1 (0.1 ) — Tax effect — — — — Net of tax $ — $ 0.1 $ (0.1 ) $ — Defined Benefit Plans Amortization of prior service (benefit) cost (2) $ (0.2 ) $ (0.3 ) $ (0.5 ) $ (0.3 ) Amortization of net loss (2) 1.9 0.7 3.6 1.2 Total before tax 1.7 0.4 3.1 0.9 Tax effect (0.6 ) (0.1 ) (1.1 ) (0.3 ) Net of tax $ 1.1 $ 0.3 $ 2.0 $ 0.6 Total reclassifications for the period $ 1.1 $ 0.4 $ 1.9 $ 0.6 _______________________________________________________________________________ (1) Represents the amount that was reclassified into interest income. (2) These components are included in the computation of net periodic pension cost and were reclassified from AOCI into cost of sales and selling, general and administrative expenses.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Litigation West Fertilizer Co. On April 17, 2013, there was a fire and explosion at the West Fertilizer Co. fertilizer storage and distribution facility in West, Texas. According to published reports, 15 people were killed and approximately 200 people were injured in the incident, and the fire and explosion damaged or destroyed a number of homes and buildings around the facility. We have been named as defendants along with other companies in lawsuits filed in 2013, 2014 and 2015 in the District Court of McLennan County, Texas by the City of West, individual residents of the County and other parties seeking recovery for damages allegedly sustained as a result of the explosion. The cases have been consolidated for discovery and pretrial proceedings in the District Court of McLennan County under the caption "In re: West Explosion Cases." The two-year statute of limitations expired on April 17, 2015. As of that date, over 400 plaintiffs had filed claims, including at least 9 entities, 325 individuals, and 80 insurance companies. Plaintiffs allege various theories of negligence, strict liability, breach of warranty and assault under Texas law. Although we do not own or operate the facility or directly sell our products to West Fertilizer Co., products we have manufactured and sold to others have been delivered to the facility and may have been stored at the West facility at the time of the incident. Fact discovery continues about the circumstances surrounding the April 17, 2013 fire and explosion. The Company filed Motions for Summary Judgment on all issues of liability with respect to all plaintiffs' claims on May 15, 2015. Subsequent briefing and hearings on those motions will occur into August 2015. The parties will engage in mediation with respect to all claims prior to the court-imposed deadline of August 17, 2015. The first three cases are scheduled to begin trial on October 12, 2015. The remaining cases are in various stages of discovery and pre-trial proceedings. We believe we have strong legal and factual defenses and intend to continue defending ourselves vigorously in the pending lawsuits. Other Litigation From time to time, we are subject to ordinary, routine legal proceedings related to the usual conduct of our business, including proceedings regarding public utility and transportation rates, environmental matters, taxes and permits relating to the operations of our various plants and facilities. Based on the information available as of the date of this filing, we believe that the ultimate outcome of these routine matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows. Environmental Louisiana Environmental Matters Clean Air Act—Section 185 Fee Our Donaldsonville nitrogen complex is located in a five-parish region near Baton Rouge, Louisiana that, as of 2005, was designated as being in "severe" nonattainment with respect to the national ambient air quality standard (NAAQS) for ozone (the 1-hour ozone standard) pursuant to the Federal Clean Air Act (the Act). Section 185 of the Act requires states, in their state implementation plans, to levy a fee (Section 185 fee) on major stationary sources (such as the Donaldsonville complex) located in a severe nonattainment area that did not meet the 1-hour ozone standard by November 30, 2005. The fee was to be assessed for each calendar year (beginning in 2006) until the area achieved compliance with the ozone NAAQS. Prior to the imposition of Section 185 fees, the Environmental Protection Agency (EPA) adopted a new ozone standard (the 8-hour ozone standard) and rescinded the 1-hour ozone standard. The Baton Rouge area was designated as a "moderate" nonattainment area with respect to the 8-hour ozone standard. However, because Section 185 fees had never been assessed prior to the rescission of the 1-hour ozone standard (rescinded prior to the November 30, 2005 ozone attainment deadline), the EPA concluded in a 2004 rulemaking implementing the 8-hour ozone standard that the Act did not require states to assess Section 185 fees. As a result, Section 185 fees were not assessed against us and other companies located in the Baton Rouge area. In 2006, the federal D.C. Circuit Court of Appeals rejected the EPA's position and held that Section 185 fees were controls that must be maintained and fees should have been assessed under the Act. In January 2008, the U.S. Supreme Court declined to accept the case for review, making the appellate court's decision final. In July 2011, the EPA approved a revision to Louisiana's air pollution program that eliminated the requirement for Baton Rouge area companies to pay Section 185 fees, based on Baton Rouge's ultimate attainment of the 1-hour standard through permanent and enforceable emissions reductions. EPA's approval of the Louisiana air program revision became effective on August 8, 2011. However, a recent decision by the federal D.C. Circuit Court of Appeals struck down a similar, but perhaps distinguishable, EPA guidance document regarding alternatives to Section 185 fees. At this time, the viability of EPA's approval of Louisiana's elimination of Section 185 fees is uncertain. Regardless of the approach ultimately adopted by the EPA, we expect that it is likely to be challenged by the environmental community, the states, and/or affected industries. Therefore, the costs associated with compliance with the Act cannot be determined at this time, and we cannot reasonably estimate the impact on our consolidated financial position, results of operations or cash flows. Furthermore, the area has seen significant reductions in ozone levels, attributable to federal and state regulations and community involvement. Preliminary ozone design values computed for the Baton Rouge nonattainment area suggest the area has achieved attainment with the 2008 8-hour ozone standard. A determination from EPA was issued on April 4, 2014 indicating that the Baton Rouge area is currently attaining the 2008 8-hour ozone standard. The determination is based on a recent review of air quality data from 2011-2013. Additional revisions to the ozone NAAQS, like the proposed rule that would strengthen the ozone standard that was proposed on December 17, 2014, may affect the longevity and long-term consequences of this determination. Clean Air Act Information Request On February 26, 2009, we received a letter from the EPA under Section 114 of the Act requesting information and copies of records relating to compliance with New Source Review and New Source Performance Standards at the Donaldsonville facility. We have completed the submittal of all requested information. There has been no further contact from the EPA regarding this matter. Florida Environmental Matters On March 17, 2014, we completed the sale of our phosphate mining and manufacturing business, which was located in Florida, to Mosaic. See Note 3—Phosphate Business Disposition for additional information. Pursuant to the terms of the Purchase Agreement, Mosaic has assumed the following environmental matters and we have agreed to indemnify Mosaic with respect to losses arising out of the matters below, subject to a maximum indemnification cap and the other terms of the Purchase Agreement. Clean Air Act Notice of Violation We received a Notice of Violation (NOV) from the EPA by letter dated June 16, 2010, alleging that we violated the Prevention of Significant Deterioration (PSD) Clean Air Act regulations relating to certain projects undertaken at the former Plant City, Florida facility's sulfuric acid plants. This NOV further alleges that the actions that are the basis for the alleged PSD violations also resulted in violations of Title V air operating permit regulations. Finally, the NOV alleges that we failed to comply with certain compliance dates established by hazardous air pollutant regulations for phosphoric acid manufacturing plants and phosphate fertilizer production plants. We had several meetings with the EPA with respect to this matter prior to the sale of the phosphate mining and manufacturing business in March 2014. We do not know at this time if this matter will be settled prior to initiation of formal legal action. We cannot estimate the potential penalties, fines or other expenditures, if any, that may result from the Clean Air Act NOV and, therefore, we cannot determine if the ultimate outcome of this matter will have a material impact on our consolidated financial position, results of operations or cash flows. EPCRA/CERCLA Notice of Violation By letter dated July 6, 2010, the EPA issued a NOV to us alleging violations of Section 313 of the Emergency Planning and Community Right-to-Know Act (EPCRA) in connection with the former Plant City facility. EPCRA requires annual reports to be submitted with respect to the use of certain toxic chemicals. The NOV also included an allegation that we violated Section 304 of EPCRA and Section 103 of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) by failing to file a timely notification relating to the release of hydrogen fluoride above applicable reportable quantities. We not know at this time if this matter will be settled prior to initiation of formal legal action. We do not expect that penalties or fines, if any, that may arise out of the EPCRA/CERCLA matter will have a material impact on our consolidated financial position, results of operations or cash flows. Other CERCLA/Remediation Matters From time to time, we receive notices from governmental agencies or third parties alleging that we are a potentially responsible party at certain cleanup sites under CERCLA or other environmental cleanup laws. In 2011, we received a notice from the Idaho Department of Environmental Quality (IDEQ) that alleged that we were a potentially responsible party for the cleanup of a former phosphate mine site we owned in the late 1950s and early 1960s located in Georgetown Canyon, Idaho. The current owner of the property and a former mining contractor received similar notices for the site. In 2014, we and the current property owner entered into a Consent Order with IDEQ and the U.S. Forest Service to conduct a remedial investigation and feasibility study of the site. We are not able to estimate at this time our potential liability, if any, with respect to the cleanup of the site. However, based on currently available information, we do not expect that any remedial or financial obligations to which we may be subject involving this or other cleanup sites will have a material adverse effect on our business, financial condition, results of operations or cash flows.

Segment Disclosures

Segment Disclosures	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Disclosures	Segment Disclosures Our reporting segments consist of the following: ammonia, granular urea, UAN, other, and phosphate. These segments are differentiated by products, which are used differently by agricultural customers based on crop application, weather and other agronomic factors or by industrial customers based on their usage. We sold our phosphate mining and manufacturing business during the first quarter of 2014. See Note 3—Phosphate Business Disposition for additional information. The phosphate segment reflects the reported results of the phosphate business through March 17, 2014, plus the continuing sales of the phosphate inventory in the distribution network after March 17, 2014. The remaining phosphate inventory was sold in the second quarter of 2014; therefore, the phosphate segment does not have operating results subsequent to that quarter. The phosphate segment will continue to be included until the reporting of comparable period phosphate results ceases. Upon selling the phosphate business, we began to supply Mosaic with ammonia produced by our PLNL joint venture. The contract to supply ammonia to Mosaic from our PLNL joint venture represents the continuation of a supply practice that previously existed between our former phosphate mining and manufacturing business and other operations of the Company. Prior to March 17, 2014, PLNL sold ammonia to us for use in the phosphate business and the cost was included in our production costs in the phosphate segment. Subsequent to the sale of the phosphate business, we now sell the PLNL-sourced ammonia to Mosaic. The revenue from these sales to Mosaic and costs to purchase the ammonia from PLNL are now included in our ammonia segment. Our 50% share of the operating results of our PLNL joint venture continues to be included in our equity in earnings of operating affiliates in our consolidated statements of operations. Because of the significance of this continuing supply practice, in accordance with U.S. GAAP, the phosphate mining and manufacturing business is not reported as discontinued operations in our consolidated statements of operations. Our management uses gross margin to evaluate segment performance and allocate resources. Total other operating costs and expenses (consisting of selling, general and administrative expenses and other operating—net) and non-operating expenses (interest and income taxes) are centrally managed and are not included in the measurement of segment profitability reviewed by management. Our assets, with the exception of goodwill, are not monitored by or reported to our Chief Operating Decision Maker by segment; therefore, we do not present total assets by segment. Goodwill by segment is presented in Note 7—Goodwill and Other Intangible Assets . Segment data for sales, cost of sales and gross margin for the three and six months ended June 30, 2015 and 2014 are presented in the tables below. Ammonia Granular Urea (1) UAN (1) Other (1) Phosphate Consolidated (in millions) Three months ended June 30, 2015 Net sales $ 599.0 $ 211.0 $ 407.4 $ 94.1 $ — $ 1,311.5 Cost of sales 260.0 92.4 204.8 68.4 — 625.6 Gross margin $ 339.0 $ 118.6 $ 202.6 $ 25.7 $ — 685.9 Total other operating costs and expenses 60.3 Equity in earnings of operating affiliates 4.7 Operating earnings $ 630.3 Three months ended June 30, 2014 (2) Net sales $ 604.8 $ 267.6 $ 456.5 $ 120.5 $ 23.3 $ 1,472.7 Cost of sales 376.4 142.9 255.2 86.2 21.7 882.4 Gross margin $ 228.4 $ 124.7 $ 201.3 $ 34.3 $ 1.6 590.3 Total other operating costs and expenses 61.1 Equity in earnings of operating affiliates 2.1 Operating earnings $ 531.3 Ammonia Granular Urea (1) UAN (1) Other (1) Phosphate Consolidated (in millions) Six months ended June 30, 2015 Net sales $ 886.7 $ 423.2 $ 763.1 $ 192.1 $ — $ 2,265.1 Cost of sales 427.8 192.5 401.8 141.3 — 1,163.4 Gross margin $ 458.9 $ 230.7 $ 361.3 $ 50.8 $ — 1,101.7 Total other operating costs and expenses 118.6 Equity in earnings of operating affiliates 14.4 Operating earnings $ 997.5 Six months ended June 30, 2014 (2) Net sales $ 877.2 $ 483.8 $ 856.4 $ 219.5 $ 168.4 $ 2,605.3 Cost of sales 524.5 257.4 473.0 159.0 158.3 1,572.2 Gross margin $ 352.7 $ 226.4 $ 383.4 $ 60.5 $ 10.1 1,033.1 Total other operating costs and expenses 97.0 Gain on sale of phosphate business 747.1 Equity in earnings of operating affiliates 17.9 Operating earnings $ 1,701.1 _______________________________________________________________________________ (1) The cost of ammonia that is upgraded into other products is transferred at cost into the upgraded product results. (2) As discussed in Note 1—Background and Basis of Presentation , in the third quarter of 2014, we changed the composition of our reportable segments. Prior-year results have been recast to conform with the new presentation of reportable segments.

Condensed Consolidating Financi

Condensed Consolidating Financial Statements	6 Months Ended
	Jun. 30, 2015
Condensed Consolidating Financial Statements
Condensed Consolidating Financial Statements	Condensed Consolidating Financial Statements The following condensed consolidating financial statements are presented in accordance with SEC Regulation S-X Rule 3-10, Financial statements of guarantors and issuers of guaranteed securities registered or being registered , and relates to the senior notes (the Notes) issued by CF Industries, Inc. (CF Industries), a 100% owned subsidiary of CF Industries Holdings, Inc. (Parent), described in Note 12—Financing Agreements , and the full and unconditional guarantee of such Notes by Parent and to debt securities of CF Industries, and the full and unconditional guarantee thereof by Parent, that may be offered and sold from time to time under the registration statement on Form S-3 filed by Parent and CF Industries with the SEC on April 22, 2013. In the event that a subsidiary of Parent, other than CF Industries, becomes a borrower or a guarantor under the Credit Agreement (or any renewal, replacement or refinancing thereof), such subsidiary would be required to become a guarantor of the Notes, provided that such requirement will no longer apply with respect to the Notes due in 2023, 2034, 2043 and 2044 following the repayment of the Notes due in 2018 and 2020 or the subsidiaries of Parent, other than CF Industries, otherwise becoming no longer subject to such a requirement to guarantee the Notes due in 2018 and 2020. As of June 30, 2015 , none of such subsidiaries of Parent was, or was required to be, a guarantor to the Notes. For purposes of the presentation of condensed consolidating financial information, the subsidiaries of Parent other than CF Industries are referred to as the Other Subsidiaries. Presented below are condensed consolidating statements of operations and statements of cash flows for Parent, CF Industries and the Other Subsidiaries for the three and six months ended June 30, 2015 and 2014 , and condensed consolidating balance sheets for Parent, CF Industries and the Other Subsidiaries as of June 30, 2015 and December 31, 2014 . The condensed consolidating financial statements presented below are not necessarily indicative of the financial position, results of operations, comprehensive income or cash flows of Parent, CF Industries or the Other Subsidiaries on a stand-alone basis. In these condensed consolidating financial statements, investments in subsidiaries are presented under the equity method, in which our investments are recorded at cost and adjusted for our ownership share of a subsidiary's cumulative results of operations, distributions and other equity changes, and the eliminating entries reflect primarily intercompany transactions such as sales, accounts receivable and accounts payable and the elimination of equity investments and earnings of subsidiaries. Condensed Consolidating Statement of Operations Three months ended June 30, 2015 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net sales $ — $ 110.6 $ 1,393.0 $ (192.1 ) $ 1,311.5 Cost of sales — 110.6 707.1 (192.1 ) 625.6 Gross margin — — 685.9 — 685.9 Selling, general and administrative expenses 1.5 0.6 35.8 — 37.9 Other operating—net — (0.4 ) 22.8 — 22.4 Total other operating costs and expenses 1.5 0.2 58.6 — 60.3 Equity in earnings of operating affiliates — — 4.7 — 4.7 Operating (losses) earnings (1.5 ) (0.2 ) 632.0 — 630.3 Interest expense — 65.9 (22.3 ) (14.6 ) 29.0 Interest income — (14.6 ) (0.2 ) 14.6 (0.2 ) Net (earnings) of wholly-owned subsidiaries (352.8 ) (386.3 ) — 739.1 — Other non-operating—net (0.1 ) (0.1 ) 0.7 — 0.5 Earnings before income taxes and equity in losses of non-operating affiliates 351.4 334.9 653.8 (739.1 ) 601.0 Income tax (benefit) provision (0.5 ) (17.9 ) 219.1 — 200.7 Equity in losses of non-operating affiliates—net of taxes — — (35.5 ) — (35.5 ) Net earnings 351.9 352.8 399.2 (739.1 ) 364.8 Less: Net earnings attributable to noncontrolling interest — — 12.9 — 12.9 Net earnings attributable to common stockholders $ 351.9 $ 352.8 $ 386.3 $ (739.1 ) $ 351.9 Condensed Consolidating Statement of Comprehensive Income Three months ended June 30, 2015 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net earnings $ 351.9 $ 352.8 $ 399.2 $ (739.1 ) $ 364.8 Other comprehensive income (losses) 34.5 34.5 35.4 (69.9 ) 34.5 Comprehensive income 386.4 387.3 434.6 (809.0 ) 399.3 Less: Comprehensive income attributable to noncontrolling interest — — 12.9 — 12.9 Comprehensive income attributable to common stockholders $ 386.4 $ 387.3 $ 421.7 $ (809.0 ) $ 386.4 Condensed Consolidating Statement of Operations Six months ended June 30, 2015 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net sales $ — $ 191.9 $ 2,396.8 $ (323.6 ) $ 2,265.1 Cost of sales — 191.9 1,295.1 (323.6 ) 1,163.4 Gross margin — — 1,101.7 — 1,101.7 Selling, general and administrative expenses 2.3 0.9 74.8 — 78.0 Other operating—net — (5.6 ) 46.2 — 40.6 Total other operating costs and expenses 2.3 (4.7 ) 121.0 — 118.6 Equity in earnings of operating affiliates — — 14.4 — 14.4 Operating (losses) earnings (2.3 ) 4.7 995.1 — 997.5 Interest expense — 130.8 (53.3 ) (14.6 ) 62.9 Interest income — (14.6 ) (0.6 ) 14.6 (0.6 ) Net (earnings) of wholly-owned subsidiaries (583.9 ) (657.0 ) — 1,240.9 — Other non-operating—net (0.1 ) — 0.6 — 0.5 Earnings before income taxes and equity in losses of non-operating affiliates 581.7 545.5 1,048.4 (1,240.9 ) 934.7 Income tax (benefit) provision (0.8 ) (38.4 ) 352.6 — 313.4 Equity in losses of non-operating affiliates—net of taxes — — (20.6 ) — (20.6 ) Net earnings 582.5 583.9 675.2 (1,240.9 ) 600.7 Less: Net earnings attributable to noncontrolling interest — — 18.2 — 18.2 Net earnings attributable to common stockholders $ 582.5 $ 583.9 $ 657.0 $ (1,240.9 ) $ 582.5 Condensed Consolidating Statement of Comprehensive Income Six months ended June 30, 2015 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net earnings $ 582.5 $ 583.9 $ 675.2 $ (1,240.9 ) $ 600.7 Other comprehensive income (losses) (46.0 ) (46.0 ) (45.1 ) 91.1 (46.0 ) Comprehensive income 536.5 537.9 630.1 (1,149.8 ) 554.7 Less: Comprehensive income attributable to noncontrolling interest — — 18.2 — 18.2 Comprehensive income attributable to common stockholders $ 536.5 $ 537.9 $ 611.9 $ (1,149.8 ) $ 536.5 Condensed Consolidating Statement of Operations Three months ended June 30, 2014 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net sales $ — $ 95.7 $ 1,553.8 $ (176.8 ) $ 1,472.7 Cost of sales — 95.7 963.5 (176.8 ) 882.4 Gross margin — — 590.3 — 590.3 Selling, general and administrative expenses 0.9 0.3 38.3 — 39.5 Other operating—net — — 21.6 — 21.6 Total other operating costs and expenses 0.9 0.3 59.9 — 61.1 Equity in earnings of operating affiliates — — 2.1 — 2.1 Operating (losses) earnings (0.9 ) (0.3 ) 532.5 — 531.3 Interest expense — 65.9 (15.1 ) (0.1 ) 50.7 Interest income — (0.1 ) (0.3 ) 0.1 (0.3 ) Net (earnings) of wholly-owned subsidiaries (313.1 ) (356.6 ) — 669.7 — Other non-operating—net (0.1 ) 0.1 0.7 — 0.7 Earnings before income taxes and equity in earnings of non-operating affiliates 312.3 290.4 547.2 (669.7 ) 480.2 Income tax (benefit) provision (0.3 ) (22.7 ) 180.2 — 157.2 Equity in earnings of non-operating affiliates—net of taxes — — 1.7 — 1.7 Net earnings 312.6 313.1 368.7 (669.7 ) 324.7 Less: Net earnings attributable to noncontrolling interest — — 12.1 — 12.1 Net earnings attributable to common stockholders $ 312.6 $ 313.1 $ 356.6 $ (669.7 ) $ 312.6 Condensed Consolidating Statement of Comprehensive Income Three months ended June 30, 2014 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net earnings $ 312.6 $ 313.1 $ 368.7 $ (669.7 ) $ 324.7 Other comprehensive income (losses) 29.6 29.6 29.6 (59.2 ) 29.6 Comprehensive income 342.2 342.7 398.3 (728.9 ) 354.3 Less: Comprehensive income attributable to noncontrolling interest — — 12.1 — 12.1 Comprehensive income attributable to common stockholders $ 342.2 $ 342.7 $ 386.2 $ (728.9 ) $ 342.2 Condensed Consolidating Statement of Operations Six months ended June 30, 2014 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net sales $ — $ 467.7 $ 2,776.8 $ (639.2 ) $ 2,605.3 Cost of sales — 284.0 1,927.4 (639.2 ) 1,572.2 Gross margin — 183.7 849.4 — 1,033.1 Selling, general and administrative expenses 1.6 1.7 77.9 — 81.2 Other operating—net — (0.3 ) 16.1 — 15.8 Total other operating costs and expenses 1.6 1.4 94.0 — 97.0 Gain on sale of phosphate business — 761.5 (14.4 ) — 747.1 Equity in earnings of operating affiliates — — 17.9 — 17.9 Operating (losses) earnings (1.6 ) 943.8 758.9 — 1,701.1 Interest expense — 115.3 (24.4 ) (0.2 ) 90.7 Interest income — (0.2 ) (0.5 ) 0.2 (0.5 ) Net (earnings) of wholly-owned subsidiaries (1,022.1 ) (507.9 ) — 1,530.0 — Other non-operating—net (0.1 ) — 0.7 — 0.6 Earnings before income taxes and equity in earnings of non-operating affiliates 1,020.6 1,336.6 783.1 (1,530.0 ) 1,610.3 Income tax (benefit) provision (0.5 ) 314.4 256.5 — 570.4 Equity in earnings of non-operating affiliates—net of taxes — (0.1 ) 5.3 — 5.2 Net earnings 1,021.1 1,022.1 531.9 (1,530.0 ) 1,045.1 Less: Net earnings attributable to noncontrolling interest — — 24.0 — 24.0 Net earnings attributable to common stockholders $ 1,021.1 $ 1,022.1 $ 507.9 $ (1,530.0 ) $ 1,021.1 Condensed Consolidating Statement of Comprehensive Income Six months ended June 30, 2014 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net earnings $ 1,021.1 $ 1,022.1 $ 531.9 $ (1,530.0 ) $ 1,045.1 Other comprehensive income (losses) 20.2 20.2 20.2 (40.4 ) 20.2 Comprehensive income 1,041.3 1,042.3 552.1 (1,570.4 ) 1,065.3 Less: Comprehensive income attributable to noncontrolling interest — — 24.0 — 24.0 Comprehensive income attributable to common stockholders $ 1,041.3 $ 1,042.3 $ 528.1 $ (1,570.4 ) $ 1,041.3 Condensed Consolidating Balance Sheet June 30, 2015 Parent CF Industries Other Subsidiaries Eliminations and Reclassifications Consolidated (in millions) Assets Current assets: Cash and cash equivalents $ — $ 3.7 $ 806.2 $ — $ 809.9 Restricted cash — — 54.0 — 54.0 Accounts and notes receivable—net 0.1 1,704.1 1,191.4 (2,700.7 ) 194.9 Inventories — — 205.3 — 205.3 Deferred income taxes — — 53.8 — 53.8 Prepaid income taxes 2.7 — 14.7 (2.7 ) 14.7 Other current assets — — 33.8 — 33.8 Total current assets 2.8 1,707.8 2,359.2 (2,703.4 ) 1,366.4 Property, plant and equipment—net — — 6,465.6 — 6,465.6 Investments in and advances to affiliates 4,339.6 8,108.2 808.7 (12,447.8 ) 808.7 Due from affiliates 570.7 — 2.2 (572.9 ) — Goodwill — — 2,090.8 — 2,090.8 Other assets — 63.1 203.8 — 266.9 Total assets $ 4,913.1 $ 9,879.1 $ 11,930.3 $ (15,724.1 ) $ 10,998.4 Liabilities and Equity Current liabilities: Accounts and notes payable and accrued expenses $ 797.2 $ 284.2 $ 2,320.5 $ (2,700.7 ) $ 701.2 Income taxes payable — 0.6 14.5 (2.7 ) 12.4 Customer advances — — 17.3 — 17.3 Other current liabilities — — 22.6 — 22.6 Total current liabilities 797.2 284.8 2,374.9 (2,703.4 ) 753.5 Long-term debt — 4,592.6 — — 4,592.6 Deferred income taxes — 54.0 722.5 — 776.5 Due to affiliates — 572.9 — (572.9 ) — Other liabilities — 35.2 364.8 — 400.0 Equity: Stockholders' equity: Preferred stock — — 16.4 (16.4 ) — Common stock 2.4 — 1.1 (1.1 ) 2.4 Paid-in capital 1,368.0 (12.6 ) 8,284.9 (8,272.3 ) 1,368.0 Retained earnings 3,080.3 4,558.0 11.1 (4,569.1 ) 3,080.3 Treasury stock (129.0 ) — — — (129.0 ) Accumulated other comprehensive income (loss) (205.8 ) (205.8 ) (205.3 ) 411.1 (205.8 ) Total stockholders' equity 4,115.9 4,339.6 8,108.2 (12,447.8 ) 4,115.9 Noncontrolling interest — — 359.9 — 359.9 Total equity 4,115.9 4,339.6 8,468.1 (12,447.8 ) 4,475.8 Total liabilities and equity $ 4,913.1 $ 9,879.1 $ 11,930.3 $ (15,724.1 ) $ 10,998.4 Condensed Consolidating Balance Sheet December 31, 2014 Parent CF Industries Other Subsidiaries Eliminations and Reclassifications Consolidated (in millions) Assets Current assets: Cash and cash equivalents $ — $ 105.7 $ 1,890.9 $ — $ 1,996.6 Restricted cash — — 86.1 — 86.1 Accounts and notes receivable—net — 2,286.5 651.9 (2,746.9 ) 191.5 Inventories — — 202.9 — 202.9 Deferred income taxes — — 84.0 — 84.0 Prepaid income taxes 1.9 — 34.8 (1.9 ) 34.8 Other current assets — — 18.6 — 18.6 Total current assets 1.9 2,392.2 2,969.2 (2,748.8 ) 2,614.5 Property, plant and equipment—net — — 5,525.8 — 5,525.8 Investments in and advances to affiliates 6,212.5 9,208.7 861.5 (15,421.2 ) 861.5 Due from affiliates 570.7 — 1.7 (572.4 ) — Goodwill — — 2,092.8 — 2,092.8 Other assets — 65.1 178.5 — 243.6 Total assets $ 6,785.1 $ 11,666.0 $ 11,629.5 $ (18,742.4 ) $ 11,338.2 Liabilities and Equity Current liabilities: Accounts and notes payable and accrued expenses $ 2,575.4 $ 207.7 $ 553.8 $ (2,747.0 ) $ 589.9 Income taxes payable — 10.8 7.1 (1.9 ) 16.0 Customer advances — — 325.4 — 325.4 Other current liabilities — — 48.4 — 48.4 Total current liabilities 2,575.4 218.5 934.7 (2,748.9 ) 979.7 Long-term debt — 4,592.5 — — 4,592.5 Deferred income taxes — 34.8 783.8 — 818.6 Due to affiliates — 572.4 — (572.4 ) — Other liabilities — 35.3 339.6 — 374.9 Equity: Stockholders' equity: Preferred stock — — 16.4 (16.4 ) — Common stock (1) 2.5 — 1.1 (1.1 ) 2.5 Paid-in capital (1) 1,413.9 (12.6 ) 8,283.5 (8,270.9 ) 1,413.9 Retained earnings 3,175.3 6,384.9 1,067.8 (7,452.7 ) 3,175.3 Treasury stock (1) (222.2 ) — — — (222.2 ) Accumulated other comprehensive income (loss) (159.8 ) (159.8 ) (160.2 ) 320.0 (159.8 ) Total stockholders' equity 4,209.7 6,212.5 9,208.6 (15,421.1 ) 4,209.7 Noncontrolling interest — — 362.8 — 362.8 Total equity 4,209.7 6,212.5 9,571.4 (15,421.1 ) 4,572.5 Total liabilities and equity $ 6,785.1 $ 11,666.0 $ 11,629.5 $ (18,742.4 ) $ 11,338.2 _______________________________________________________________________________ (1) December 31, 2014 amounts have been retroactively restated to reflect the five-for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015. Condensed Consolidating Statement of Cash Flows Six months ended June 30, 2015 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Operating Activities: Net earnings $ 582.5 $ 583.9 $ 675.2 $ (1,240.9 ) $ 600.7 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization — 3.6 215.7 — 219.3 Deferred income taxes — 19.7 (25.4 ) — (5.7 ) Stock-based compensation expense 7.8 — 0.3 — 8.1 Excess tax benefit from stock-based compensation (1.8 ) — — — (1.8 ) Unrealized gain on derivatives — — (43.2 ) — (43.2 ) Loss on sale of equity method investments — — 42.8 — 42.8 Loss on disposal of property, plant and equipment — — 13.6 — 13.6 Undistributed (earnings) loss of affiliates—net (583.9 ) (657.0 ) (16.2 ) 1,240.9 (16.2 ) Due to/from affiliates—net 1.9 0.4 (2.3 ) — — Changes in: Accounts and notes receivable—net — (64.5 ) (81.9 ) 142.7 (3.7 ) Inventories — — (8.0 ) — (8.0 ) Accrued and prepaid income taxes (0.8 ) (10.2 ) 41.4 — 30.4 Accounts and notes payable and accrued expenses 0.3 75.3 33.9 (142.7 ) (33.2 ) Customer advances — — (308.1 ) — (308.1 ) Other—net — 0.3 3.5 — 3.8 Net cash provided by (used in) operating activities 6.0 (48.5 ) 541.3 — 498.8 Investing Activities: Additions to property, plant and equipment — — (1,031.9 ) — (1,031.9 ) Proceeds from sale of property, plant and equipment — — 8.0 — 8.0 Proceeds from sale of equity method investment — — 12.8 — 12.8 Withdrawals from restricted cash funds — — 32.1 — 32.1 Other—net — (1.5 ) (22.4 ) 1.5 (22.4 ) Net cash (used in) provided by investing activities — (1.5 ) (1,001.4 ) 1.5 (1,001.4 ) Financing Activities: Short-term debt—net 507.9 (50.0 ) (457.9 ) — — Financing fees — (2.0 ) — — (2.0 ) Dividends paid on common stock (142.5 ) (142.5 ) (142.5 ) 285.0 (142.5 ) Distributions to noncontrolling interest — — (21.1 ) — (21.1 ) Purchases of treasury stock (523.1 ) — — — (523.1 ) Issuances of common stock under employee stock plans 7.4 — — — 7.4 Excess tax benefit from stock-based compensation 1.8 — — — 1.8 Dividends to/from affiliates 142.5 142.5 — (285.0 ) — Other—net — — 1.5 (1.5 ) — Net cash used in financing activities (6.0 ) (52.0 ) (620.0 ) (1.5 ) (679.5 ) Effect of exchange rate changes on cash and cash equivalents — — (4.6 ) — (4.6 ) Decrease in cash and cash equivalents — (102.0 ) (1,084.7 ) — (1,186.7 ) Cash and cash equivalents at beginning of period — 105.7 1,890.9 — 1,996.6 Cash and cash equivalents at end of period $ — $ 3.7 $ 806.2 $ — $ 809.9 Condensed Consolidating Statement of Cash Flows Six months ended June 30, 2014 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Operating Activities: Net earnings $ 1,021.1 $ 1,022.1 $ 531.9 $ (1,530.0 ) $ 1,045.1 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization — 3.3 199.8 — 203.1 Deferred income taxes — — 1.1 — 1.1 Stock-based compensation expense 9.9 — 0.1 — 10.0 Excess tax benefit from stock-based compensation (5.2 ) — — — (5.2 ) Unrealized loss on derivatives — — 61.4 — 61.4 Gain on sale of phosphate business — (761.5 ) 14.4 — (747.1 ) Loss on disposal of property, plant and equipment — — 1.0 — 1.0 Undistributed loss (earnings) of affiliates—net (1,022.2 ) (507.8 ) (15.1 ) 1,530.0 (15.1 ) Due to/from affiliates—net 5.2 1.8 (7.0 ) — — Changes in: Accounts and notes receivable—net (0.1 ) (248.8 ) 697.2 (460.4 ) (12.1 ) Inventories — (2.5 ) 66.5 — 64.0 Accrued and prepaid income taxes (0.5 ) 314.3 (291.2 ) — 22.6 Accounts and notes payable and accrued expenses (1.9 ) 207.5 (696.4 ) 460.4 (30.4 ) Customer advances — — (57.2 ) — (57.2 ) Other—net — (3.3 ) 17.4 — 14.1 Net cash provided by operating activities 6.3 25.1 523.9 — 555.3 Investing Activities: Additions to property, plant and equipment — (18.3 ) (666.7 ) — (685.0 ) Proceeds from sale of property, plant and equipment — — 5.9 — 5.9 Proceeds from sale of phosphate business — 893.1 460.5 — 1,353.6 Deposits to restricted cash funds — — (505.0 ) — (505.0 ) Withdrawals from restricted cash funds — — 14.0 — 14.0 Other—net — — 16.8 — 16.8 Net cash provided by (used in) investing activities — 874.8 (674.5 ) — 200.3 Financing Activities: Proceeds from long-term borrowings — 1,494.2 — — 1,494.2 Short-term debt—net 1,570.0 (2,026.9 ) 456.9 — — Financing fees — (16.0 ) — — (16.0 ) Dividends paid on common stock (107.2 ) (107.2 ) (107.2 ) 214.4 (107.2 ) Dividends to/from affiliates 107.2 107.2 — (214.4 ) — Distributions to noncontrolling interest — — (23.5 ) — (23.5 ) Purchases of treasury stock (1,591.2 ) — — — (1,591.2 ) Issuances of common stock under employee stock plans 9.7 — — — 9.7 Excess tax benefit from stock-based compensation 5.2 — — — 5.2 Other—net — (1.0 ) (42.0 ) — (43.0 ) Net cash (used in) provided by financing activities (6.3 ) (549.7 ) 284.2 — (271.8 ) Effect of exchange rate changes on cash and cash equivalents — — (0.5 ) — (0.5 ) Increase in cash and cash equivalents — 350.2 133.1 — 483.3 Cash and cash equivalents at beginning of period 0.1 20.4 1,690.3 — 1,710.8 Cash and cash equivalents at end of period $ 0.1 $ 370.6 $ 1,823.4 $ — $ 2,194.1

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Event	Subsequent Events GrowHow Acquisition On July 31, 2015, we completed the previously announced acquisition of the remaining 50% equity interest in GrowHow for total cash consideration of $580 million , subject to closing adjustments. See Note 8—Equity Method Investments for additional information. The purchase price was funded with cash on hand. Share Repurchases In July 2015, we repurchased 0.3 million of the Company's common shares for $22.5 million as part of the $1.0 billion share repurchase program announced in the third quarter of 2014. See Note 15—Treasury Stock for additional information. Together with the 15.6 million shares repurchased through June 30, 2015, these repurchases bring the total repurchased shares to date under this program to 15.9 million for an aggregate expenditure of $900.0 million . Agreement to Combine with certain of OCI N.V.’s Businesses On August 6, 2015, we announced that we entered into a definitive agreement under which we will combine with the European, North American and Global Distribution businesses of OCI N.V. (OCI) in a transaction valued at approximately $8 billion , based on CF's current share price, including the assumption of approximately $2 billion in net debt. The transaction includes OCI’s nitrogen production facilities in Geleen, Netherlands, and Wever, Iowa, its interest in an ammonia and methanol complex in Beaumont, Texas and its global distribution business in Dubai, United Arab Emirates. The combined entity will also purchase a 45% interest plus an option to acquire the remaining interest in OCI’s Natgasoline project in Texas, which upon completion in 2017 will be one of the world’s largest methanol facilities. Under the terms of the agreement, CF will become a subsidiary of a new holding company (new CF) domiciled in the United Kingdom, where CF is the largest fertilizer producer following its recent acquisition of GrowHow. OCI will contribute its European, North American and Global Distribution businesses to new CF in exchange for shares equal to a fixed 25.6% of new CF plus approximately $700 million of consideration to be paid in a mix of cash or shares at new CF's discretion. The agreement to purchase the 45% interest in Natgasoline is for approximately $500 million in cash. Upon completion of the transaction and based on the current share price, CF shareholders would own approximately 72.3% of the new company and OCI would own approximately 27.7% . Final consideration mix (cash and new CF stock) and resulting ownership split will be dependent on the CF share price at the time of closing. The transaction is expected to close in 2016, subject to the approval of shareholders of both CF and OCI, the receipt of certain regulatory approvals and other customary closing conditions. The new company will operate under the name CF and be led by existing CF management. In conjunction with entering into the combination agreement, on August 6, 2015, CF Industries Holdings, Inc. obtained financing commitments from Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA to finance the transactions contemplated by the agreement and for general corporate purposes. The proceeds of such committed financing are expected to be made available under a senior unsecured bridge term loan facility in an aggregate principal amount of up to $4.0 billion .

New Accounting Pronouncements a

New Accounting Pronouncements and Changes in Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	New Accounting Standards In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement (an update to Subtopic 350-40, Intangibles—Goodwill and Other—Internal-Use Software), which provides guidance on accounting for cloud computing arrangements. Under this ASU, if a cloud computing arrangement includes a software license, then the customer should account for the license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the arrangement should be accounted for as a service contract. This ASU is effective for arrangements entered into, or materially modified, in interim and annual periods beginning after December 15, 2015. Retrospective application of the ASU is permitted but not required. We are currently evaluating the impact of this ASU on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The ASU requires retrospective application and represents a change in accounting principle. This ASU is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. We expect that the adoption of this ASU will not have a material impact on our consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which supersedes the revenue recognition requirements in Accounting Standards Codification 605, Revenue Recognition. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments. Additionally, information concerning the costs to obtain and fulfill a contract, including assets to be recognized, is to be disclosed. In July 2015, the FASB voted to defer the effective date of this ASU to December 15, 2017 for interim and annual reporting periods beginning after that date. Early adoption of the standard as of December 15, 2016 (for interim and annual reporting periods beginning after that date) is permitted by the FASB. We are currently evaluating the impact of the adoption of this ASU on our consolidated financial statements.

Net Earnings Per Share (Tables)

Net Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Summary of net earnings per share	Net earnings per share were computed as follows: Three months ended Six months ended 2015 2014 2015 2014 (in millions, except per share amounts) Net earnings attributable to common stockholders $ 351.9 $ 312.6 $ 582.5 $ 1,021.1 Basic earnings per common share (1) : Weighted-average common shares outstanding 235.2 255.3 237.4 264.5 Net earnings attributable to common stockholders $ 1.50 $ 1.22 $ 2.45 $ 3.86 Diluted earnings per common share (1) : Weighted-average common shares outstanding 235.2 255.3 237.4 264.5 Dilutive common shares—stock options 0.9 0.7 0.9 0.8 Diluted weighted-average shares outstanding 236.1 256.0 238.3 265.3 Net earnings attributable to common stockholders $ 1.49 $ 1.22 $ 2.44 $ 3.85

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following: June 30, December 31, (in millions) Finished goods $ 180.7 $ 179.5 Raw materials, spare parts and supplies 24.6 23.4 $ 205.3 $ 202.9

Property, Plant and Equipment32

Property, Plant and Equipment-Net (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment, Net [Abstract]
Components of property, plant and equipment-net	Property, plant and equipment—net consists of the following: June 30, December 31, (in millions) Land $ 48.6 $ 48.4 Machinery and equipment 5,458.7 5,268.7 Buildings and improvements 174.5 160.7 Construction in progress (1) 3,422.0 2,559.0 9,103.8 8,036.8 Less: Accumulated depreciation and amortization 2,638.2 2,511.0 $ 6,465.6 $ 5,525.8 _______________________________________________________________________________ (1) As of June 30, 2015 and December 31, 2014 , we had construction in progress that was accrued but unpaid of $444.1 million and $279.0 million , respectively. These amounts included accruals related to our capacity expansion projects of $406.5 million and $244.3 million as of June 30, 2015 and December 31, 2014 , respectively.
Summary of plant turnaround activity	The following is a summary of plant turnaround activity: Six months ended 2015 2014 (in millions) Net capitalized turnaround costs: Beginning balance $ 153.2 $ 119.8 Additions 36.8 18.8 Depreciation (29.8 ) (29.5 ) Effect of exchange rate changes (1.4 ) (0.2 ) Ending balance $ 158.8 $ 108.9

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of carrying amount of goodwill by business segment	The following table shows the carrying amount of goodwill by business segment as of June 30, 2015 and December 31, 2014 : Ammonia Granular Urea UAN Other Total (in millions) Balance as of December 31, 2014 $ 578.7 $ 829.6 $ 577.0 $ 107.5 $ 2,092.8 Effect of exchange rate changes (0.6 ) (0.8 ) (0.6 ) — (2.0 ) Balance as of June 30, 2015 $ 578.1 $ 828.8 $ 576.4 $ 107.5 $ 2,090.8
Schedule of the identifiable intangibles and their carrying values presented in other noncurrent assets on consolidated balance sheet	Our identifiable intangibles and carrying values are shown below and are presented in other assets on our consolidated balance sheets. June 30, 2015 December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net (in millions) Intangible assets: Customer relationships $ 50.0 $ (14.6 ) $ 35.4 $ 50.0 $ (13.2 ) $ 36.8 TerraCair brand 10.0 (10.0 ) — 10.0 (5.0 ) 5.0 Total intangible assets $ 60.0 $ (24.6 ) $ 35.4 $ 60.0 $ (18.2 ) $ 41.8
Schedule of estimated future amortization expense	Total estimated amortization expense for the remainder of 2015 and each of the five succeeding fiscal years is as follows: Estimated Amortization Expense (in millions) Remainder of 2015 $ 1.4 2016 2.8 2017 2.8 2018 2.8 2019 2.8 2020 2.8

Equity Method Investments (Tabl

Equity Method Investments (Tables)	6 Months Ended
	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Schedule of equity method investments	As of June 30, 2015 and December 31, 2014, equity method investments consist of the following: June 30, December 31, (in millions) Operating equity method investments $ 360.2 $ 377.6 Non-operating equity method investments 448.5 483.9 Investments in and advances to affiliates $ 808.7 $ 861.5
Schedule of combined results of operations and financial position for operating equity method investments	The results of operations and financial position of PLNL and our equity in earnings of operating equity method investments are summarized below: Three months ended Six months ended 2015 2014 2015 2014 (in millions) Summarized PLNL statement of operations information: Net sales $ 52.9 $ 56.7 $ 120.5 $ 125.4 Net earnings $ 14.4 $ 8.4 $ 33.3 $ 29.8 Equity in earnings (losses) of operating affiliates: PLNL $ 5.5 $ 1.3 $ 13.2 $ 15.7 Ammonia storage joint venture $ (0.8 ) $ 0.8 $ 1.2 $ 2.2 June 30, December 31, (in millions) Summarized PLNL balance sheet information: Current assets $ 68.3 $ 88.1 Noncurrent assets 125.7 118.8 Total assets $ 194.0 $ 206.9 Current liabilities $ 20.2 $ 28.6 Noncurrent liabilities 20.0 21.8 Equity 153.8 156.5 Total liabilities and equity $ 194.0 $ 206.9
Schedule of combined results of operations and financial position for non-operating equity method investments	The results of operations and financial position of GrowHow and our equity in (losses) earnings of GrowHow and Keytrade are summarized below: Three months ended Six months ended 2015 2014 2015 2014 (in millions) Summarized GrowHow statement of operations information: Net sales $ 153.5 $ 156.2 $ 350.2 $ 371.9 Net earnings $ 5.7 $ 8.3 $ 39.7 $ 26.7 Equity in (losses) earnings of non-operating affiliates—net of taxes: GrowHow $ — $ 1.1 $ 14.3 $ 3.1 Keytrade $ (35.5 ) $ 0.6 $ (34.9 ) $ 2.1 June 30, December 31, (in millions) Summarized GrowHow balance sheet information: Current assets $ 215.1 $ 201.7 Noncurrent assets 316.0 294.7 Total assets $ 531.1 $ 496.4 Current liabilities $ 68.6 $ 69.3 Noncurrent liabilities 161.8 169.2 Equity 300.7 257.9 Total liabilities and equity $ 531.1 $ 496.4

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of cash and cash equivalents and other investments reconciliation from adjusted cost to fair value	Our cash and cash equivalents and other investments consist of the following: June 30, 2015 Cost Basis Unrealized Gains Unrealized Losses Fair Value (in millions) Cash $ 82.3 $ — $ — $ 82.3 Cash equivalents: U.S. and Canadian government obligations 702.6 — — 702.6 Other debt securities 25.0 — — 25.0 Total cash and cash equivalents $ 809.9 $ — $ — $ 809.9 Restricted cash 54.0 — — 54.0 Nonqualified employee benefit trusts 18.2 2.1 — 20.3 December 31, 2014 Cost Basis Unrealized Gains Unrealized Losses Fair Value (in millions) Cash $ 71.3 $ — $ — $ 71.3 Cash equivalents: U.S. and Canadian government obligations 1,916.3 — — 1,916.3 Other debt securities 9.0 — — 9.0 Total cash and cash equivalents $ 1,996.6 $ — $ — $ 1,996.6 Restricted cash 86.1 — — 86.1 Nonqualified employee benefit trusts 17.4 2.0 — 19.4
Schedule of assets and liabilities measured at fair value on a recurring basis	The following tables present assets and liabilities included in our consolidated balance sheets as of June 30, 2015 and December 31, 2014 that are recognized at fair value on a recurring basis, and indicate the fair value hierarchy utilized to determine such fair value: June 30, 2015 Total Fair Value Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in millions) Cash equivalents $ 727.6 $ 727.6 $ — $ — Restricted cash 54.0 54.0 — — Derivative assets 23.1 — 23.1 — Nonqualified employee benefit trusts 20.3 20.3 — — Derivative liabilities (27.8 ) — (27.8 ) — December 31, 2014 Total Fair Value Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in millions) Cash equivalents $ 1,925.3 $ 1,925.3 $ — $ — Restricted cash 86.1 86.1 — — Derivative assets 0.5 — 0.5 — Nonqualified employee benefit trusts 19.4 19.4 — — Derivative liabilities (48.4 ) — (48.4 ) —
Schedule of carrying amounts and estimated fair values of financial instruments	The carrying amounts and estimated fair values of our financial instruments are as follows: June 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value (in millions) Long-term debt $ 4,592.6 $ 4,768.4 $ 4,592.5 $ 4,969.3

Interest Expense (Tables)

Interest Expense (Tables)	6 Months Ended
	Jun. 30, 2015
Interest Expense [Abstract]
Schedule of interest expense	Details of interest expense are as follows: Three months ended Six months ended 2015 2014 2015 2014 (in millions) Interest on borrowings (1) $ 63.5 $ 63.5 $ 127.0 $ 111.4 Fees on financing agreements (1) 2.4 2.4 3.8 5.9 Interest on tax liabilities 0.5 0.4 1.0 1.9 Interest capitalized (37.4 ) (15.6 ) (68.9 ) (28.5 ) $ 29.0 $ 50.7 $ 62.9 $ 90.7 _______________________________________________________________________________ (1) See Note 12—Financing Agreements for additional information.

Financing Agreements (Tables)

Financing Agreements (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Components of long-term debt	Long-term debt presented on our consolidated balance sheets as of June 30, 2015 and December 31, 2014 consisted of the following: June 30, December 31, (in millions) Unsecured senior notes: 6.875% due 2018 $ 800.0 $ 800.0 7.125% due 2020 800.0 800.0 3.450% due 2023 749.4 749.4 5.150% due 2034 746.2 746.2 4.950% due 2043 748.8 748.8 5.375% due 2044 748.2 748.1 4,592.6 4,592.5 Less: Current portion — — Net long-term debt $ 4,592.6 $ 4,592.5

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
Schedule of reconciliation of the beginning and ending balances of noncontrolling interest and distributions payable to the noncontrolling interests on the entity's consolidated balance sheet	A reconciliation of the beginning and ending balances of TNCLP's noncontrolling interest and distributions payable to noncontrolling interests in our consolidated balance sheets is provided below. Six months ended 2015 2014 (in millions) Noncontrolling interest: Beginning balance $ 362.8 $ 362.3 Earnings attributable to noncontrolling interest 18.2 24.0 Declaration of distributions payable (21.1 ) (23.5 ) Ending balance $ 359.9 $ 362.8 Distributions payable to noncontrolling interest: Beginning balance $ — $ — Declaration of distributions payable 21.1 23.5 Distributions to noncontrolling interest (21.1 ) (23.5 ) Ending balance $ — $ —

Derivative Financial Instrume39

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of effect of derivatives in the consolidated statements of operations	Unrealized gain (loss) recognized in income Six months ended Location 2015 2014 (in millions) Natural gas derivatives Cost of sales $ 47.1 $ (51.2 ) Foreign exchange contracts Other operating—net 2.8 (13.2 ) Unrealized gains (losses) recognized in income $ 49.9 $ (64.4 ) Gain (loss) in income Six months ended All Derivatives 2015 2014 (in millions) Unrealized gains (losses) $ 49.9 $ (64.4 ) Realized (losses) gains (59.1 ) 97.5 Net derivative (losses) gains $ (9.2 ) $ 33.1	Unrealized gain (loss) recognized in income Three months ended Location 2015 2014 (in millions) Natural gas derivatives Cost of sales $ 18.4 $ (28.6 ) Foreign exchange contracts Other operating—net 15.1 (8.3 ) Unrealized gains (losses) recognized in income $ 33.5 $ (36.9 ) Gain (loss) in income Three months ended All Derivatives 2015 2014 (in millions) Unrealized gains (losses) $ 33.5 $ (36.9 ) Realized (losses) gains (15.4 ) 35.5 Net derivative gains (losses) $ 18.1 $ (1.4 )
Schedule of fair values of derivatives in our consolidated balance sheet	The fair values of derivatives on our consolidated balance sheets are shown below. As of June 30, 2015 and December 31, 2014 , none of our derivative instruments were designated as hedging instruments. For additional information on derivative fair values, see Note 9—Fair Value Measurements . Asset Derivatives Liability Derivatives Balance Sheet Location June 30, December 31, Balance Sheet Location June 30, December 31, (in millions) (in millions) Foreign exchange contracts Other current assets $ — $ — Other current liabilities $ (19.6 ) $ (22.4 ) Foreign exchange contracts Other assets — — Other liabilities — — Natural gas derivatives Other current assets 13.5 0.5 Other current liabilities (3.0 ) (26.0 ) Natural gas derivatives Other assets 9.6 — Other liabilities (5.2 ) — Total derivatives $ 23.1 $ 0.5 $ (27.8 ) $ (48.4 ) Current / Noncurrent totals Other current assets $ 13.5 $ 0.5 Other current liabilities $ (22.6 ) $ (48.4 ) Other assets 9.6 — Other liabilities (5.2 ) — Total derivatives $ 23.1 $ 0.5 $ (27.8 ) $ (48.4 )
Schedule of amounts relevant to offsetting of derivative assets and liabilities	The following table presents amounts relevant to offsetting of our derivative assets and liabilities as of June 30, 2015 and December 31, 2014 : Amounts presented in consolidated balance sheets (1) Gross amounts not offset in consolidated balance sheets Financial instruments Cash collateral received (pledged) Net amount (in millions) June 30, 2015 Total derivative assets $ 23.1 $ 23.1 $ — $ — Total derivative liabilities 27.8 23.1 — 4.7 Net derivative liabilities $ (4.7 ) $ — $ — $ (4.7 ) December 31, 2014 Total derivative assets $ 0.5 $ 0.5 $ — $ — Total derivative liabilities 48.4 0.5 — 47.9 Net derivative liabilities $ (47.9 ) $ — $ — $ (47.9 ) _______________________________________________________________________________ (1) We report the fair values of our derivative assets and liabilities on a gross basis on our consolidated balance sheets. As a result, the gross amounts recognized and net amounts presented are the same.

Treasury Stock (Tables)

Treasury Stock (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Share Repurchases	The following table summarizes the share repurchases under the 2014 Program and the 2012 Program. The number of shares has been retroactively restated for all prior periods presented to reflect the five -for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015. See Note 1—Background and Basis of Presentation for further information. 2014 Program 2012 Program Shares Amounts Shares Amounts (in millions) Shares repurchased as of December 31, 2013 — $ — 36.7 $ 1,449.3 Shares repurchased in 2014: First quarter — $ — 16.0 $ 793.9 Second quarter — — 15.4 756.8 Third quarter — — — — Fourth quarter 7.0 372.8 — — Total shares repurchased in 2014 7.0 372.8 31.4 1,550.7 Shares repurchased as of December 31, 2014 7.0 $ 372.8 68.1 $ 3,000.0 Shares repurchased in 2015: First quarter 4.1 $ 236.6 Second quarter 4.5 268.1 Total shares repurchased in 2015 8.6 504.7 Shares repurchased as of June 30, 2015 15.6 $ 877.5

Accumulated Other Comprehensi41

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of changes to AOCI	Changes to accumulated other comprehensive income (AOCI) are as follows: Foreign Currency Translation Adjustment Unrealized Gain (Loss) on Securities Unrealized Gain (Loss) on Derivatives Defined Benefit Plans Accumulated Other Comprehensive Income (Loss) (in millions) Balance as of December 31, 2013 $ 31.9 $ 0.6 $ 6.5 $ (81.6 ) $ (42.6 ) Unrealized gain — 0.5 — — 0.5 Gain arising during the period — — — 3.3 3.3 Reclassification to earnings — — — 0.9 0.9 Effect of exchange rate changes and deferred taxes 13.4 (0.2 ) — 2.3 15.5 Balance as of June 30, 2014 $ 45.3 $ 0.9 $ 6.5 $ (75.1 ) $ (22.4 ) Balance as of December 31, 2014 $ (40.5 ) $ 0.8 $ 4.7 $ (124.8 ) $ (159.8 ) Unrealized gain — 0.1 — — 0.1 Loss arising during the period — — — (3.4 ) (3.4 ) Reclassification to earnings — (0.1 ) — 3.1 3.0 Effect of exchange rate changes and deferred taxes (50.3 ) — — 4.6 (45.7 ) Balance as of June 30, 2015 $ (90.8 ) $ 0.8 $ 4.7 $ (120.5 ) $ (205.8 )
Schedule of reclassifications out of AOCI	Reclassifications out of AOCI to earnings during the three and six months ended June 30, 2015 and 2014 were as follows: Three months ended Six months ended 2015 2014 2015 2014 (in millions) Unrealized (Gain) Loss on Securities Available-for-sale securities (1) $ — $ 0.1 $ (0.1 ) $ — Total before tax — 0.1 (0.1 ) — Tax effect — — — — Net of tax $ — $ 0.1 $ (0.1 ) $ — Defined Benefit Plans Amortization of prior service (benefit) cost (2) $ (0.2 ) $ (0.3 ) $ (0.5 ) $ (0.3 ) Amortization of net loss (2) 1.9 0.7 3.6 1.2 Total before tax 1.7 0.4 3.1 0.9 Tax effect (0.6 ) (0.1 ) (1.1 ) (0.3 ) Net of tax $ 1.1 $ 0.3 $ 2.0 $ 0.6 Total reclassifications for the period $ 1.1 $ 0.4 $ 1.9 $ 0.6 _______________________________________________________________________________ (1) Represents the amount that was reclassified into interest income. (2) These components are included in the computation of net periodic pension cost and were reclassified from AOCI into cost of sales and selling, general and administrative expenses.

Segment Disclosures (Tables)

Segment Disclosures (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Summary of segment data for sales, cost of sales and gross margin	Segment data for sales, cost of sales and gross margin for the three and six months ended June 30, 2015 and 2014 are presented in the tables below. Ammonia Granular Urea (1) UAN (1) Other (1) Phosphate Consolidated (in millions) Three months ended June 30, 2015 Net sales $ 599.0 $ 211.0 $ 407.4 $ 94.1 $ — $ 1,311.5 Cost of sales 260.0 92.4 204.8 68.4 — 625.6 Gross margin $ 339.0 $ 118.6 $ 202.6 $ 25.7 $ — 685.9 Total other operating costs and expenses 60.3 Equity in earnings of operating affiliates 4.7 Operating earnings $ 630.3 Three months ended June 30, 2014 (2) Net sales $ 604.8 $ 267.6 $ 456.5 $ 120.5 $ 23.3 $ 1,472.7 Cost of sales 376.4 142.9 255.2 86.2 21.7 882.4 Gross margin $ 228.4 $ 124.7 $ 201.3 $ 34.3 $ 1.6 590.3 Total other operating costs and expenses 61.1 Equity in earnings of operating affiliates 2.1 Operating earnings $ 531.3 Ammonia Granular Urea (1) UAN (1) Other (1) Phosphate Consolidated (in millions) Six months ended June 30, 2015 Net sales $ 886.7 $ 423.2 $ 763.1 $ 192.1 $ — $ 2,265.1 Cost of sales 427.8 192.5 401.8 141.3 — 1,163.4 Gross margin $ 458.9 $ 230.7 $ 361.3 $ 50.8 $ — 1,101.7 Total other operating costs and expenses 118.6 Equity in earnings of operating affiliates 14.4 Operating earnings $ 997.5 Six months ended June 30, 2014 (2) Net sales $ 877.2 $ 483.8 $ 856.4 $ 219.5 $ 168.4 $ 2,605.3 Cost of sales 524.5 257.4 473.0 159.0 158.3 1,572.2 Gross margin $ 352.7 $ 226.4 $ 383.4 $ 60.5 $ 10.1 1,033.1 Total other operating costs and expenses 97.0 Gain on sale of phosphate business 747.1 Equity in earnings of operating affiliates 17.9 Operating earnings $ 1,701.1 _______________________________________________________________________________ (1) The cost of ammonia that is upgraded into other products is transferred at cost into the upgraded product results. (2) As discussed in Note 1—Background and Basis of Presentation , in the third quarter of 2014, we changed the composition of our reportable segments. Prior-year results have been recast to conform with the new presentation of reportable segments.

Condensed Consolidating Finan43

Condensed Consolidating Financial Statements (Tables)	6 Months Ended
	Jun. 30, 2015
Condensed Consolidating Financial Statements
Schedule of Condensed Consolidating Statements of Operations	Condensed Consolidating Statement of Operations Six months ended June 30, 2014 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net sales $ — $ 467.7 $ 2,776.8 $ (639.2 ) $ 2,605.3 Cost of sales — 284.0 1,927.4 (639.2 ) 1,572.2 Gross margin — 183.7 849.4 — 1,033.1 Selling, general and administrative expenses 1.6 1.7 77.9 — 81.2 Other operating—net — (0.3 ) 16.1 — 15.8 Total other operating costs and expenses 1.6 1.4 94.0 — 97.0 Gain on sale of phosphate business — 761.5 (14.4 ) — 747.1 Equity in earnings of operating affiliates — — 17.9 — 17.9 Operating (losses) earnings (1.6 ) 943.8 758.9 — 1,701.1 Interest expense — 115.3 (24.4 ) (0.2 ) 90.7 Interest income — (0.2 ) (0.5 ) 0.2 (0.5 ) Net (earnings) of wholly-owned subsidiaries (1,022.1 ) (507.9 ) — 1,530.0 — Other non-operating—net (0.1 ) — 0.7 — 0.6 Earnings before income taxes and equity in earnings of non-operating affiliates 1,020.6 1,336.6 783.1 (1,530.0 ) 1,610.3 Income tax (benefit) provision (0.5 ) 314.4 256.5 — 570.4 Equity in earnings of non-operating affiliates—net of taxes — (0.1 ) 5.3 — 5.2 Net earnings 1,021.1 1,022.1 531.9 (1,530.0 ) 1,045.1 Less: Net earnings attributable to noncontrolling interest — — 24.0 — 24.0 Net earnings attributable to common stockholders $ 1,021.1 $ 1,022.1 $ 507.9 $ (1,530.0 ) $ 1,021.1 Condensed Consolidating Statement of Operations Six months ended June 30, 2015 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net sales $ — $ 191.9 $ 2,396.8 $ (323.6 ) $ 2,265.1 Cost of sales — 191.9 1,295.1 (323.6 ) 1,163.4 Gross margin — — 1,101.7 — 1,101.7 Selling, general and administrative expenses 2.3 0.9 74.8 — 78.0 Other operating—net — (5.6 ) 46.2 — 40.6 Total other operating costs and expenses 2.3 (4.7 ) 121.0 — 118.6 Equity in earnings of operating affiliates — — 14.4 — 14.4 Operating (losses) earnings (2.3 ) 4.7 995.1 — 997.5 Interest expense — 130.8 (53.3 ) (14.6 ) 62.9 Interest income — (14.6 ) (0.6 ) 14.6 (0.6 ) Net (earnings) of wholly-owned subsidiaries (583.9 ) (657.0 ) — 1,240.9 — Other non-operating—net (0.1 ) — 0.6 — 0.5 Earnings before income taxes and equity in losses of non-operating affiliates 581.7 545.5 1,048.4 (1,240.9 ) 934.7 Income tax (benefit) provision (0.8 ) (38.4 ) 352.6 — 313.4 Equity in losses of non-operating affiliates—net of taxes — — (20.6 ) — (20.6 ) Net earnings 582.5 583.9 675.2 (1,240.9 ) 600.7 Less: Net earnings attributable to noncontrolling interest — — 18.2 — 18.2 Net earnings attributable to common stockholders $ 582.5 $ 583.9 $ 657.0 $ (1,240.9 ) $ 582.5
Schedule of Condensed Consolidating Statements of Comprehensive Income	Condensed Consolidating Statement of Comprehensive Income Six months ended June 30, 2014 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net earnings $ 1,021.1 $ 1,022.1 $ 531.9 $ (1,530.0 ) $ 1,045.1 Other comprehensive income (losses) 20.2 20.2 20.2 (40.4 ) 20.2 Comprehensive income 1,041.3 1,042.3 552.1 (1,570.4 ) 1,065.3 Less: Comprehensive income attributable to noncontrolling interest — — 24.0 — 24.0 Comprehensive income attributable to common stockholders $ 1,041.3 $ 1,042.3 $ 528.1 $ (1,570.4 ) $ 1,041.3 Condensed Consolidating Statement of Comprehensive Income Six months ended June 30, 2015 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Net earnings $ 582.5 $ 583.9 $ 675.2 $ (1,240.9 ) $ 600.7 Other comprehensive income (losses) (46.0 ) (46.0 ) (45.1 ) 91.1 (46.0 ) Comprehensive income 536.5 537.9 630.1 (1,149.8 ) 554.7 Less: Comprehensive income attributable to noncontrolling interest — — 18.2 — 18.2 Comprehensive income attributable to common stockholders $ 536.5 $ 537.9 $ 611.9 $ (1,149.8 ) $ 536.5
Schedule of Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheet June 30, 2015 Parent CF Industries Other Subsidiaries Eliminations and Reclassifications Consolidated (in millions) Assets Current assets: Cash and cash equivalents $ — $ 3.7 $ 806.2 $ — $ 809.9 Restricted cash — — 54.0 — 54.0 Accounts and notes receivable—net 0.1 1,704.1 1,191.4 (2,700.7 ) 194.9 Inventories — — 205.3 — 205.3 Deferred income taxes — — 53.8 — 53.8 Prepaid income taxes 2.7 — 14.7 (2.7 ) 14.7 Other current assets — — 33.8 — 33.8 Total current assets 2.8 1,707.8 2,359.2 (2,703.4 ) 1,366.4 Property, plant and equipment—net — — 6,465.6 — 6,465.6 Investments in and advances to affiliates 4,339.6 8,108.2 808.7 (12,447.8 ) 808.7 Due from affiliates 570.7 — 2.2 (572.9 ) — Goodwill — — 2,090.8 — 2,090.8 Other assets — 63.1 203.8 — 266.9 Total assets $ 4,913.1 $ 9,879.1 $ 11,930.3 $ (15,724.1 ) $ 10,998.4 Liabilities and Equity Current liabilities: Accounts and notes payable and accrued expenses $ 797.2 $ 284.2 $ 2,320.5 $ (2,700.7 ) $ 701.2 Income taxes payable — 0.6 14.5 (2.7 ) 12.4 Customer advances — — 17.3 — 17.3 Other current liabilities — — 22.6 — 22.6 Total current liabilities 797.2 284.8 2,374.9 (2,703.4 ) 753.5 Long-term debt — 4,592.6 — — 4,592.6 Deferred income taxes — 54.0 722.5 — 776.5 Due to affiliates — 572.9 — (572.9 ) — Other liabilities — 35.2 364.8 — 400.0 Equity: Stockholders' equity: Preferred stock — — 16.4 (16.4 ) — Common stock 2.4 — 1.1 (1.1 ) 2.4 Paid-in capital 1,368.0 (12.6 ) 8,284.9 (8,272.3 ) 1,368.0 Retained earnings 3,080.3 4,558.0 11.1 (4,569.1 ) 3,080.3 Treasury stock (129.0 ) — — — (129.0 ) Accumulated other comprehensive income (loss) (205.8 ) (205.8 ) (205.3 ) 411.1 (205.8 ) Total stockholders' equity 4,115.9 4,339.6 8,108.2 (12,447.8 ) 4,115.9 Noncontrolling interest — — 359.9 — 359.9 Total equity 4,115.9 4,339.6 8,468.1 (12,447.8 ) 4,475.8 Total liabilities and equity $ 4,913.1 $ 9,879.1 $ 11,930.3 $ (15,724.1 ) $ 10,998.4 Condensed Consolidating Balance Sheet December 31, 2014 Parent CF Industries Other Subsidiaries Eliminations and Reclassifications Consolidated (in millions) Assets Current assets: Cash and cash equivalents $ — $ 105.7 $ 1,890.9 $ — $ 1,996.6 Restricted cash — — 86.1 — 86.1 Accounts and notes receivable—net — 2,286.5 651.9 (2,746.9 ) 191.5 Inventories — — 202.9 — 202.9 Deferred income taxes — — 84.0 — 84.0 Prepaid income taxes 1.9 — 34.8 (1.9 ) 34.8 Other current assets — — 18.6 — 18.6 Total current assets 1.9 2,392.2 2,969.2 (2,748.8 ) 2,614.5 Property, plant and equipment—net — — 5,525.8 — 5,525.8 Investments in and advances to affiliates 6,212.5 9,208.7 861.5 (15,421.2 ) 861.5 Due from affiliates 570.7 — 1.7 (572.4 ) — Goodwill — — 2,092.8 — 2,092.8 Other assets — 65.1 178.5 — 243.6 Total assets $ 6,785.1 $ 11,666.0 $ 11,629.5 $ (18,742.4 ) $ 11,338.2 Liabilities and Equity Current liabilities: Accounts and notes payable and accrued expenses $ 2,575.4 $ 207.7 $ 553.8 $ (2,747.0 ) $ 589.9 Income taxes payable — 10.8 7.1 (1.9 ) 16.0 Customer advances — — 325.4 — 325.4 Other current liabilities — — 48.4 — 48.4 Total current liabilities 2,575.4 218.5 934.7 (2,748.9 ) 979.7 Long-term debt — 4,592.5 — — 4,592.5 Deferred income taxes — 34.8 783.8 — 818.6 Due to affiliates — 572.4 — (572.4 ) — Other liabilities — 35.3 339.6 — 374.9 Equity: Stockholders' equity: Preferred stock — — 16.4 (16.4 ) — Common stock (1) 2.5 — 1.1 (1.1 ) 2.5 Paid-in capital (1) 1,413.9 (12.6 ) 8,283.5 (8,270.9 ) 1,413.9 Retained earnings 3,175.3 6,384.9 1,067.8 (7,452.7 ) 3,175.3 Treasury stock (1) (222.2 ) — — — (222.2 ) Accumulated other comprehensive income (loss) (159.8 ) (159.8 ) (160.2 ) 320.0 (159.8 ) Total stockholders' equity 4,209.7 6,212.5 9,208.6 (15,421.1 ) 4,209.7 Noncontrolling interest — — 362.8 — 362.8 Total equity 4,209.7 6,212.5 9,571.4 (15,421.1 ) 4,572.5 Total liabilities and equity $ 6,785.1 $ 11,666.0 $ 11,629.5 $ (18,742.4 ) $ 11,338.2
Schedule of Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statement of Cash Flows Six months ended June 30, 2015 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Operating Activities: Net earnings $ 582.5 $ 583.9 $ 675.2 $ (1,240.9 ) $ 600.7 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization — 3.6 215.7 — 219.3 Deferred income taxes — 19.7 (25.4 ) — (5.7 ) Stock-based compensation expense 7.8 — 0.3 — 8.1 Excess tax benefit from stock-based compensation (1.8 ) — — — (1.8 ) Unrealized gain on derivatives — — (43.2 ) — (43.2 ) Loss on sale of equity method investments — — 42.8 — 42.8 Loss on disposal of property, plant and equipment — — 13.6 — 13.6 Undistributed (earnings) loss of affiliates—net (583.9 ) (657.0 ) (16.2 ) 1,240.9 (16.2 ) Due to/from affiliates—net 1.9 0.4 (2.3 ) — — Changes in: Accounts and notes receivable—net — (64.5 ) (81.9 ) 142.7 (3.7 ) Inventories — — (8.0 ) — (8.0 ) Accrued and prepaid income taxes (0.8 ) (10.2 ) 41.4 — 30.4 Accounts and notes payable and accrued expenses 0.3 75.3 33.9 (142.7 ) (33.2 ) Customer advances — — (308.1 ) — (308.1 ) Other—net — 0.3 3.5 — 3.8 Net cash provided by (used in) operating activities 6.0 (48.5 ) 541.3 — 498.8 Investing Activities: Additions to property, plant and equipment — — (1,031.9 ) — (1,031.9 ) Proceeds from sale of property, plant and equipment — — 8.0 — 8.0 Proceeds from sale of equity method investment — — 12.8 — 12.8 Withdrawals from restricted cash funds — — 32.1 — 32.1 Other—net — (1.5 ) (22.4 ) 1.5 (22.4 ) Net cash (used in) provided by investing activities — (1.5 ) (1,001.4 ) 1.5 (1,001.4 ) Financing Activities: Short-term debt—net 507.9 (50.0 ) (457.9 ) — — Financing fees — (2.0 ) — — (2.0 ) Dividends paid on common stock (142.5 ) (142.5 ) (142.5 ) 285.0 (142.5 ) Distributions to noncontrolling interest — — (21.1 ) — (21.1 ) Purchases of treasury stock (523.1 ) — — — (523.1 ) Issuances of common stock under employee stock plans 7.4 — — — 7.4 Excess tax benefit from stock-based compensation 1.8 — — — 1.8 Dividends to/from affiliates 142.5 142.5 — (285.0 ) — Other—net — — 1.5 (1.5 ) — Net cash used in financing activities (6.0 ) (52.0 ) (620.0 ) (1.5 ) (679.5 ) Effect of exchange rate changes on cash and cash equivalents — — (4.6 ) — (4.6 ) Decrease in cash and cash equivalents — (102.0 ) (1,084.7 ) — (1,186.7 ) Cash and cash equivalents at beginning of period — 105.7 1,890.9 — 1,996.6 Cash and cash equivalents at end of period $ — $ 3.7 $ 806.2 $ — $ 809.9 Condensed Consolidating Statement of Cash Flows Six months ended June 30, 2014 Parent CF Industries Other Subsidiaries Eliminations Consolidated (in millions) Operating Activities: Net earnings $ 1,021.1 $ 1,022.1 $ 531.9 $ (1,530.0 ) $ 1,045.1 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization — 3.3 199.8 — 203.1 Deferred income taxes — — 1.1 — 1.1 Stock-based compensation expense 9.9 — 0.1 — 10.0 Excess tax benefit from stock-based compensation (5.2 ) — — — (5.2 ) Unrealized loss on derivatives — — 61.4 — 61.4 Gain on sale of phosphate business — (761.5 ) 14.4 — (747.1 ) Loss on disposal of property, plant and equipment — — 1.0 — 1.0 Undistributed loss (earnings) of affiliates—net (1,022.2 ) (507.8 ) (15.1 ) 1,530.0 (15.1 ) Due to/from affiliates—net 5.2 1.8 (7.0 ) — — Changes in: Accounts and notes receivable—net (0.1 ) (248.8 ) 697.2 (460.4 ) (12.1 ) Inventories — (2.5 ) 66.5 — 64.0 Accrued and prepaid income taxes (0.5 ) 314.3 (291.2 ) — 22.6 Accounts and notes payable and accrued expenses (1.9 ) 207.5 (696.4 ) 460.4 (30.4 ) Customer advances — — (57.2 ) — (57.2 ) Other—net — (3.3 ) 17.4 — 14.1 Net cash provided by operating activities 6.3 25.1 523.9 — 555.3 Investing Activities: Additions to property, plant and equipment — (18.3 ) (666.7 ) — (685.0 ) Proceeds from sale of property, plant and equipment — — 5.9 — 5.9 Proceeds from sale of phosphate business — 893.1 460.5 — 1,353.6 Deposits to restricted cash funds — — (505.0 ) — (505.0 ) Withdrawals from restricted cash funds — — 14.0 — 14.0 Other—net — — 16.8 — 16.8 Net cash provided by (used in) investing activities — 874.8 (674.5 ) — 200.3 Financing Activities: Proceeds from long-term borrowings — 1,494.2 — — 1,494.2 Short-term debt—net 1,570.0 (2,026.9 ) 456.9 — — Financing fees — (16.0 ) — — (16.0 ) Dividends paid on common stock (107.2 ) (107.2 ) (107.2 ) 214.4 (107.2 ) Dividends to/from affiliates 107.2 107.2 — (214.4 ) — Distributions to noncontrolling interest — — (23.5 ) — (23.5 ) Purchases of treasury stock (1,591.2 ) — — — (1,591.2 ) Issuances of common stock under employee stock plans 9.7 — — — 9.7 Excess tax benefit from stock-based compensation 5.2 — — — 5.2 Other—net — (1.0 ) (42.0 ) — (43.0 ) Net cash (used in) provided by financing activities (6.3 ) (549.7 ) 284.2 — (271.8 ) Effect of exchange rate changes on cash and cash equivalents — — (0.5 ) — (0.5 ) Increase in cash and cash equivalents — 350.2 133.1 — 483.3 Cash and cash equivalents at beginning of period 0.1 20.4 1,690.3 — 1,710.8 Cash and cash equivalents at end of period $ 0.1 $ 370.6 $ 1,823.4 $ — $ 2,194.1

Background and Basis of Prese44

Background and Basis of Presentation (Details) $ in Billions	6 Months Ended
	Jun. 30, 2015Segment	Mar. 17, 2014USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Reportable Segments	5
Mosaic | Phosphate mining and manufacturing business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration | $		$ 1.4

Background and Basis of Prese45

Background and Basis of Presentation (Details 2)	Jun. 17, 2015shares	Jun. 30, 2015$ / shares	Dec. 31, 2014$ / shares	Jun. 30, 2014$ / shares
Equity method investments
Stock split, conversion ratio	5
Stock Issued During Period, Shares, Stock Splits | shares	4
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01	$ 0.01
Operating equity method investments | Point Lisas Nitrogen Limited (PLNL)
Equity method investments
Ownership interest (as a percent)		50.00%

Phosphate Business Disposition

Phosphate Business Disposition (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Phosphate business disposition
Gain on sale of phosphate business		$ 0	$ 0	$ 0	$ 747.1
Operating equity method investments | Point Lisas Nitrogen Limited (PLNL)
Phosphate business disposition
Share of operating results				50.00%
Phosphate mining and manufacturing business | Mosaic | Purchase Agreement
Phosphate business disposition
Cash consideration received as per definitive agreement	$ 1,400
Gain on sale of phosphate business			747.1			$ 750.1
After tax gain on sale of phosphate business			$ 461			$ 462.8

Net Earnings Per Share (Details

Net Earnings Per Share (Details) $ / shares in Units, shares in Millions, $ in Millions	Jun. 17, 2015	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)$ / sharesshares		Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)$ / sharesshares
Earnings Per Share [Abstract]
Net earnings attributable to common stockholders | $		$ 351.9	$ 312.6		$ 582.5	$ 1,021.1
Basic earnings per common share(1):
Weighted-average common shares outstanding		235.2	255.3	[1]	237.4	264.5	[1]
Net earnings attributable to common stockholders | $ / shares		$ 1.50	$ 1.22	[1]	$ 2.45	$ 3.86	[1]
Diluted earnings per common share(1):
Weighted-average common shares outstanding		235.2	255.3	[1]	237.4	264.5	[1]
Dilutive common shares—stock options		0.9	0.7		0.9	0.8
Diluted weighted-average shares outstanding		236.1	256	[1]	238.3	265.3	[1]
Net earnings attributable to common stockholders diluted (in dollars per share) | $ / shares		$ 1.49	$ 1.22	[1]	$ 2.44	$ 3.85	[1]
Stock split, conversion ratio	5
[1]	Share and per share amounts have been retroactively restated for all prior periods presented to reflect the five-for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015.

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Finished goods	$ 180.7	$ 179.5
Raw materials, spare parts and supplies	24.6	23.4
Total inventories	$ 205.3	$ 202.9

Property, Plant and Equipment49

Property, Plant and Equipment-Net (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment-Net
Gross property plant and equipment	$ 9,103.8		$ 8,036.8
Less: Accumulated depreciation and amortization	2,638.2		2,511
Net property, plant and equipment	6,465.6		5,525.8
Construction in progress expenditures incurred but not yet paid	444.1		279
Accrued expansion project costs	406.5		244.3
Land
Property, Plant and Equipment-Net
Gross property plant and equipment	48.6		48.4
Machinery and equipment
Property, Plant and Equipment-Net
Gross property plant and equipment	5,458.7		5,268.7
Changes in plant turnaround activity
Balance at the beginning of the period	153.2	$ 119.8	119.8
Additions	36.8	18.8
Depreciation	(29.8)	(29.5)
Effect of exchange rate changes	(1.4)	(0.2)
Balance at the end of the period	158.8	$ 108.9	153.2
Buildings and improvements
Property, Plant and Equipment-Net
Gross property plant and equipment	174.5		160.7
Construction in progress
Property, Plant and Equipment-Net
Gross property plant and equipment	3,422		2,559
Capacity expansion project
Property, Plant and Equipment-Net
Gross property plant and equipment	$ 3,000		$ 2,000

Goodwill and Other Intangible50

Goodwill and Other Intangible Assets (Details) $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)
Goodwill
Goodwill, Beginning Balance	$ 2,092.8
Effect of exchange rate changes	(2)
Goodwill, Ending Balance	2,090.8
Ammonia
Goodwill
Goodwill, Beginning Balance	578.7
Effect of exchange rate changes	(0.6)
Goodwill, Ending Balance	578.1
Granular Urea
Goodwill
Goodwill, Beginning Balance	829.6
Effect of exchange rate changes	(0.8)
Goodwill, Ending Balance	828.8
UAN
Goodwill
Goodwill, Beginning Balance	577
Effect of exchange rate changes	(0.6)
Goodwill, Ending Balance	576.4
Other
Goodwill
Goodwill, Beginning Balance	107.5
Effect of exchange rate changes	0
Goodwill, Ending Balance	$ 107.5

Goodwill and Other Intangible51

Goodwill and Other Intangible Assets (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Identifiable intangibles
Gross Carrying Amount	$ 60		$ 60		$ 60
Accumulated Amortization	(24.6)		(24.6)		(18.2)
Net	35.4		35.4		41.8
Amortization expense	0.7	$ 1	6.4	$ 2
Total estimated amortization expense for the five succeeding fiscal years
Remainder of 2015	1.4		1.4
2,016	2.8		2.8
2,017	2.8		2.8
2,018	2.8		2.8
2,019	2.8		2.8
2,020	2.8		2.8
Customer relationships
Identifiable intangibles
Gross Carrying Amount	50		50		50
Accumulated Amortization	(14.6)		(14.6)		(13.2)
Net	35.4		35.4		36.8
Trademarks
Identifiable intangibles
Gross Carrying Amount	10		10		10
Accumulated Amortization	(10)		(10)		(5)
Net	$ 0		$ 0		$ 5

Equity Method Investments (Deta

Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Equity method investments
Investments in and advances to affiliates	$ 808.7		$ 808.7		$ 861.5
Summarized income statement information:
Equity in earnings of operating affiliates	4.7	$ 2.1	14.4	$ 17.9
Equity in (losses) earnings of non-operating affiliates—net of taxes	(35.5)	1.7	(20.6)	5.2
Operating equity method investments
Equity method investments
Investments in and advances to affiliates	360.2		360.2		377.6
Non-operating equity method investments
Equity method investments
Investments in and advances to affiliates	448.5		448.5		483.9
GrowHow | Non-operating equity method investments
Summarized income statement information:
Net sales	153.5	156.2	350.2	371.9
Net earnings	5.7	8.3	39.7	26.7
Equity in (losses) earnings of non-operating affiliates—net of taxes	0	1.1	14.3	3.1
Summarized balance sheet information:
Current assets	215.1		215.1		201.7
Noncurrent assets	316		316		294.7
Total assets	531.1		531.1		496.4
Current liabilities	68.6		68.6		69.3
Noncurrent liabilities	161.8		161.8		169.2
Equity	300.7		300.7		257.9
Total liabilities and equity	531.1		531.1		496.4
KEYTRADE AG | Non-operating equity method investments
Summarized income statement information:
Equity in (losses) earnings of non-operating affiliates—net of taxes	(35.5)	0.6	(34.9)	2.1
Ammonia storage joint venture | Operating equity method investments
Summarized income statement information:
Equity in earnings of operating affiliates	(0.8)	0.8	1.2	2.2
Point Lisas Nitrogen Limited (PLNL) | Operating equity method investments
Summarized income statement information:
Net sales	52.9	56.7	120.5	125.4
Net earnings	14.4	8.4	33.3	29.8
Equity in earnings of operating affiliates	5.5	$ 1.3	13.2	$ 15.7
Summarized balance sheet information:
Current assets	68.3		68.3		88.1
Noncurrent assets	125.7		125.7		118.8
Total assets	194		194		206.9
Current liabilities	20.2		20.2		28.6
Noncurrent liabilities	20		20		21.8
Equity	153.8		153.8		156.5
Total liabilities and equity	$ 194		$ 194		$ 206.9

Equity Method Investments-Narra

Equity Method Investments-Narrative (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jul. 01, 2015	Dec. 31, 2014
Equity method investments
Investments in and advances to affiliates		$ 808.7		$ 808.7			$ 861.5
Loss on sale of equity method investments				(42.8)	$ 0
Operating equity method investments
Equity method investments
Investments in and advances to affiliates		360.2		360.2			377.6
Carrying value of investments in excess of the entity's share of the affiliates' book value		283.3		$ 283.3
Operating equity method investments | Maximum | Property, plant and equipment
Equity method investments
Number of years that the increased basis for property, plant and equipment and identifiable intangibles will be amortized				18 years
Operating equity method investments | Maximum | Gas contract
Equity method investments
Number of years that the increased basis for property, plant and equipment and identifiable intangibles will be amortized				8 years
Non-operating equity method investments
Equity method investments
Investments in and advances to affiliates		$ 448.5		$ 448.5			$ 483.9
Point Lisas Nitrogen Limited (PLNL) | Operating equity method investments
Equity method investments
Ownership interest (as a percent)		50.00%		50.00%
Obligation to purchase ammonia (as a percent)				50% of the ammonia produced by PLNL
Unrecorded unconditional purchase obligation, percent				50.00%
Purchases of ammonia from PLNL		$ 27.5	$ 32	$ 57.1	$ 66
Ammonia storage joint venture | Operating equity method investments
Equity method investments
Ownership interest (as a percent)		50.00%		50.00%
Equity method investment, realized gain (loss) on disposal, net of tax		$ 0.8
KEYTRADE AG | Non-operating equity method investments
Equity method investments
Ownership interest (as a percent)		50.00%		50.00%
Equity method investment, realized gain (loss) on disposal, net of tax		$ 29.2
Loss on sale of equity method investments		$ (40.1)
GrowHow | Non-operating equity method investments
Equity method investments
Ownership interest (as a percent)		50.00%		50.00%
Carrying value of investments in excess of the entity's share of the affiliates' book value		$ 298.2		$ 298.2
Carrying value of investments		448.5		448.5
Undistributed earnings from equity method investees		$ 9.6		$ 9.6
GrowHow | Non-operating equity method investments | Maximum
Equity method investments
Number of years that the increased basis for property, plant and equipment and identifiable intangibles will be amortized				10 years
GrowHow | Subsequent Event | Non-operating equity method investments
Equity method investments
Business combination step acquisition equity interest in acquiree purchased percentage						50.00%
Business combination, consideration transferred	$ 580

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Investment
Cash	$ 82.3	$ 71.3
Cash and cash equivalents, adjusted cost	809.9	1,996.6
Cash and cash equivalents, fair value disclosure	809.9	1,996.6
Restricted Cash, adjusted cost	54	86.1
Restricted Cash, Fair Value	54	86.1
U.S. and Canadian government obligations
Investment
Cash equivalents, adjusted cost	702.6	1,916.3
Cash equivalents, fair value	702.6	1,916.3
Other debt securities
Investment
Cash equivalents, adjusted cost	25	9
Cash equivalents, fair value	25	9
Nonqualified employee benefit trusts
Investment
Available-for-sale securities, adjusted cost	18.2	17.4
Available-for-sale securities, gross unrealized gain	2.1	2
Available-for-sale securities, fair value	$ 20.3	$ 19.4

Fair Value Measurements (Deta55

Fair Value Measurements (Details 2) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Assets and liabilities measured at fair value on a recurring basis
Restricted cash	$ 54	$ 86.1
Derivative assets	23.1	0.5
Derivative liabilities	(27.8)	(48.4)
Long-term debt	4,592.6	4,592.5
Fair value of long-term debt, including current portion	4,768.4	4,969.3
Recurring basis | Quoted Prices in Active Markets (Level 1)
Assets and liabilities measured at fair value on a recurring basis
Cash equivalents	727.6	1,925.3
Restricted cash	54	86.1
Derivative assets	0	0
Nonqualified employee benefit trusts	20.3	19.4
Derivative liabilities	0	0
Recurring basis | Significant Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value on a recurring basis
Cash equivalents	0	0
Restricted cash	0	0
Derivative assets	23.1	0.5
Nonqualified employee benefit trusts	0	0
Derivative liabilities	(27.8)	(48.4)
Recurring basis | Fair Value, Inputs (Level 3)
Assets and liabilities measured at fair value on a recurring basis
Cash equivalents	0	0
Restricted cash	0	0
Derivative assets	0	0
Nonqualified employee benefit trusts	0	0
Derivative liabilities	0	0
Recurring basis | Total Fair Value
Assets and liabilities measured at fair value on a recurring basis
Cash equivalents	727.6	1,925.3
Restricted cash	54	86.1
Derivative assets	23.1	0.5
Nonqualified employee benefit trusts	20.3	19.4
Derivative liabilities	$ (27.8)	$ (48.4)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Differences in the expected income tax provision based on statutory rates applied to earnings before income taxes and the income tax provision reflected in the consolidated statements of operations
Income tax provision	$ 200.7	$ 157.2	$ 313.4	$ 570.4
Pre-tax income	$ 601	$ 480.2	934.7	$ 1,610.3
Differences in the expected income tax provision based on statutory rates applied to earnings before income taxes and the income tax provision reflected in the consolidated statements of operations (as a percent)
Effective income tax rate (as a percent)	33.40%	32.70%
Gain loss on disposal of equity method investment applicable income taxes	$ 11.9
Unrecognized tax benefits	135.5		135.5
Portion of unrecognized tax benefits, if recognized, would affect the effective tax rate	$ 97		$ 97

Interest Expense (Details)

Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest Expense [Abstract]
Interest on borrowings(1)	$ 63.5	$ 63.5	$ 127	$ 111.4
Fees on financing agreements(1)	2.4	2.4	3.8	5.9
Interest on tax liabilities	0.5	0.4	1	1.9
Interest capitalized	(37.4)	(15.6)	(68.9)	(28.5)
Interest expense	$ 29	$ 50.7	$ 62.9	$ 90.7

Financing Agreements (Details)

Financing Agreements (Details)	May. 01, 2012USD ($)	Jun. 30, 2015USD ($)item	Mar. 20, 2015USD ($)	Dec. 31, 2014USD ($)	Apr. 22, 2013USD ($)
Debt Instruments
Long-term debt		$ 4,592,600,000		$ 4,592,500,000
Net long-term debt		4,592,600,000		4,592,500,000
Credit Agreement
Debt Instruments
Threshold of Potential Guarantor Obligation		$ 450,000,000
Number of subsidiaries of the parent that provide guarantee | item		0
CFI
Debt Instruments
Less: Current portion		$ 0		0
Repurchase price of notes as a percentage of principal amount		101.00%
CFI | Credit Agreement
Debt Instruments
Maximum borrowing capacity	$ 500,000,000		$ 1,500,000,000		$ 1,000,000,000
Maturity period	5 years
Variable interest base rate		applicable margin over LIBOR or a base rate
Available credit		$ 1,495,100,000
Outstanding letters of credit		4,900,000
Amount outstanding		0		0
CFI | Unsecured senior notes 6.875% due 2018
Debt Instruments
Long-term debt		$ 800,000,000		$ 800,000,000
Interest rate (as a percent)		6.875%		6.875%
CFI | Unsecured senior notes 7.125% due 2020
Debt Instruments
Long-term debt		$ 800,000,000		$ 800,000,000
Interest rate (as a percent)		7.125%		7.125%
CFI | Senior notes 3.450% due 2023
Debt Instruments
Long-term debt		$ 749,400,000		$ 749,400,000
Interest rate (as a percent)		3.45%		3.45%
CFI | Senior notes 5.150% due 2034
Debt Instruments
Long-term debt		$ 746,200,000		$ 746,200,000
Interest rate (as a percent)		5.15%		5.15%
CFI | Senior notes 4.950% due 2043
Debt Instruments
Long-term debt		$ 748,800,000		$ 748,800,000
Interest rate (as a percent)		4.95%		4.95%
CFI | Senior notes 5.375% due 2044
Debt Instruments
Long-term debt		$ 748,200,000		$ 748,100,000
Interest rate (as a percent)		5.375%		5.375%

Noncontrolling Interests (Detai

Noncontrolling Interests (Details) - TNCLP - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Noncontrolling interest
Percentage of aggregate ownership held by entity through general and limited partnership	75.30%
Percentage of ownership interest held by outside investors	24.70%
Earnings attributable to general partnership interest in excess of the threshold levels	$ 56.4	$ 80.1
Average trading days for which purchase price is greater	20 days
Number of days before announcing purchase price	5 days
Period within which highest price is paid for any unit preceding the date of purchase is announced	90 days
Minimum
Noncontrolling interest
Notice period for making decision to purchase the outstanding units	30 days
Maximum
Noncontrolling interest
Percentage of ownership allowing majority owner to acquire outstanding units	25.00%
Notice period for making decision to purchase the outstanding units	60 days

Noncontrolling Interests (Det60

Noncontrolling Interests (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Noncontrolling interest
Balance at the beginning of the period			$ 362.8
Earnings attributable to noncontrolling interest	$ 12.9	$ 12.1	18.2	$ 24
Declaration of distribution payable			(21.1)	(23.5)
Balance at the end of the period	359.9		359.9
TNCLP
Noncontrolling interest
Balance at the beginning of the period			362.8	362.3
Earnings attributable to noncontrolling interest			18.2	24
Declaration of distribution payable			(21.1)	(23.5)
Balance at the end of the period	359.9	362.8	359.9	362.8
Distributions payable to noncontrolling interest:
Distribution payable to noncontrolling interest, balance at the beginning of the period			0	0
Declaration of distributions payable			21.1	23.5
Distributions to noncontrolling interest			(21.1)	(23.5)
Distribution payable to noncontrolling interest, balance at the end of the period	$ 0	$ 0	$ 0	$ 0

Derivative Financial Instrume61

Derivative Financial Instruments (Details) € in Millions, MMBTU in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)MMBTU	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)MMBTU	Jun. 30, 2014USD ($)	Jun. 30, 2015EUR (€)MMBTU	Dec. 31, 2014USD ($)MMBTU	Dec. 31, 2014EUR (€)MMBTU
Fair values of derivatives on consolidated balance sheets
Maximum period covering risk of changes in supply of gas prices			3 years
Open derivative contracts for natural gas (in MMBtus) | MMBTU	300.7		300.7		300.7	58.7	58.7
Percentage of natural gas consumption covered by derivatives			70.00%
Derivative, net liability position, aggregate fair value	$ 23,800,000		$ 23,800,000			$ 47,100,000
Cash collateral on deposit with derivative counterparties	0		0			$ 0
Unrealized gain (loss) on derivatives and commodity contracts	33,500,000	$ (36,900,000)	49,900,000	$ (64,400,000)
Gain (loss) on sale of derivatives	(15,400,000)	35,500,000	(59,100,000)	97,500,000
Derivative, gain (loss) on derivative, net	18,100,000	(1,400,000)	(9,200,000)	33,100,000
Foreign exchange contracts
Fair values of derivatives on consolidated balance sheets
Notional amount of derivative | €					€ 99		€ 209
Derivatives not designated as cash flow hedges
Fair values of derivatives on consolidated balance sheets
Unrealized gain (loss) on derivatives and commodity contracts	33,500,000	(36,900,000)	49,900,000	(64,400,000)
Derivatives not designated as cash flow hedges | Natural gas derivatives | Cost of Sales
Fair values of derivatives on consolidated balance sheets
Unrealized gain (loss) on derivatives and commodity contracts	18,400,000	(28,600,000)	47,100,000	(51,200,000)
Derivatives not designated as cash flow hedges | Foreign exchange contracts | Other operating - net
Fair values of derivatives on consolidated balance sheets
Unrealized gain (loss) on derivatives and commodity contracts	15,100,000	$ (8,300,000)	2,800,000	$ (13,200,000)
Derivatives designated as cash flow hedges | Foreign exchange contracts
Fair values of derivatives on consolidated balance sheets
Notional amount of derivative	$ 0		0
Unrealized gain (loss) on cash flow hedges, pretax, in AOCI			$ 7,400,000

Derivative Financial Instrume62

Derivative Financial Instruments (Details 2) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair values of derivatives on consolidated balance sheets
Other current assets	$ 13.5	$ 0.5
Other assets	9.6	0
Asset Derivative	23.1	0.5
Other current liabilities	(22.6)	(48.4)
Other liabilities	(5.2)	0
Liability derivative	(27.8)	(48.4)
Foreign exchange contracts | Derivatives not designated as cash flow hedges
Fair values of derivatives on consolidated balance sheets
Other current assets	0	0
Other assets	0	0
Other current liabilities	(19.6)	(22.4)
Other liabilities	0	0
Natural gas derivatives | Derivatives not designated as cash flow hedges
Fair values of derivatives on consolidated balance sheets
Other current assets	13.5	0.5
Other assets	9.6	0
Other current liabilities	(3)	(26)
Other liabilities	$ (5.2)	$ 0

Derivative Financial Instrume63

Derivative Financial Instruments (Details 3) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross and net amounts presented in consolidated balance sheets, Total derivative assets	$ 23.1	$ 0.5
Gross and net amounts presented in consolidated balance sheets, Total derivative liabilities	27.8	48.4
Gross and net amounts presented in consolidated balance sheets, Net assets	(4.7)	(47.9)
Gross amounts not offset in consolidated balance sheets
Financial instruments, Total derivative assets	23.1	0.5
Financial instruments, Total derivative liabilities	23.1	0.5
Financial instruments, Net assets (liabilities)	0	0
Net Amount, Total derivative assets	0	0
Net Amount, Total derivative liabilities	4.7	47.9
Derivative Asset (Liability), Net	$ (4.7)	$ (47.9)

Treasury Stock (Details)

Treasury Stock (Details)		Jun. 17, 2015	Jun. 30, 2015USD ($)shares	Mar. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares		Jun. 30, 2014USD ($)shares	Mar. 31, 2014USD ($)shares	Jun. 30, 2015USD ($)shares	Jun. 30, 2014USD ($)shares	Dec. 31, 2014USD ($)shares		Aug. 06, 2014USD ($)	Sep. 30, 2012USD ($)
Equity, Class of Treasury Stock [Line Items]
Stock split, conversion ratio		5
Stock Repurchase Program [Roll Forward]
Beginning balance of treasury stock (in dollars)	[1]			$ 222,200,000					$ 222,200,000
Purchase of treasury stock (in dollars)									504,700,000	$ 1,550,800,000
Ending balance of treasury stock (in dollars)			$ 129,000,000		$ 222,200,000	[1]			129,000,000		$ 222,200,000	[1]
Stock repurchase accrued but unpaid			$ 10,800,000		$ 29,100,000				$ 10,800,000		$ 29,100,000
Treasury Stock, Shares, Retired | shares									10,700,000	23,500,000
Treasury stock, shares | shares			2,033,622		4,231,090				2,033,622		4,231,090
2014 Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase authorized													$ 1,000,000,000
Stock Repurchase Program [Roll Forward]
Beginning balance of accumulated number of shares repurchased (in shares) | shares				7,000,000					7,000,000
Number of shares repurchased (in shares) | shares			4,500,000	4,100,000	7,000,000				8,600,000		7,000,000
Ending balance of accumulated number of shares repurchased (in shares) | shares			15,600,000		7,000,000				15,600,000		7,000,000
Beginning balance of treasury stock (in dollars)				$ 372,800,000					$ 372,800,000
Purchase of treasury stock (in dollars)			$ 268,100,000	$ 236,600,000	$ 372,800,000				504,700,000		$ 372,800,000
Ending balance of treasury stock (in dollars)			$ 877,500,000		$ 372,800,000				$ 877,500,000		$ 372,800,000
2012 Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase authorized														$ 3,000,000,000
Stock Repurchase Program [Roll Forward]
Beginning balance of accumulated number of shares repurchased (in shares) | shares				68,100,000				36,700,000	68,100,000	36,700,000	36,700,000
Number of shares repurchased (in shares) | shares							15,400,000	16,000,000			31,400,000
Ending balance of accumulated number of shares repurchased (in shares) | shares					68,100,000						68,100,000
Beginning balance of treasury stock (in dollars)				$ 3,000,000,000				$ 1,449,300,000	$ 3,000,000,000	$ 1,449,300,000	$ 1,449,300,000
Purchase of treasury stock (in dollars)							$ 756,800,000	$ 793,900,000			1,550,700,000
Ending balance of treasury stock (in dollars)					$ 3,000,000,000						$ 3,000,000,000
[1]	December 31, 2014 amounts have been retroactively restated to reflect the five-for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015.

Accumulated Other Comprehensi65

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Changes to accumulated other comprehensive income (loss)
Balance at the beginning of the period	$ (159.8)	$ (42.6)
Unrealized gain	0.1	0.5
Gain (loss) arising during period	(3.4)	3.3
Reclassification to earnings	3	0.9
Effect of exchange rate changes and deferred taxes	(45.7)	15.5
Balance at the end of the period	(205.8)	(22.4)
Foreign Currency Translation Adjustment
Changes to accumulated other comprehensive income (loss)
Balance at the beginning of the period	(40.5)	31.9
Effect of exchange rate changes and deferred taxes	(50.3)	13.4
Balance at the end of the period	(90.8)	45.3
Unrealized Gain (Loss) on Securities
Changes to accumulated other comprehensive income (loss)
Balance at the beginning of the period	0.8	0.6
Unrealized gain	0.1	0.5
Reclassification to earnings	(0.1)	0
Effect of exchange rate changes and deferred taxes	0	(0.2)
Balance at the end of the period	0.8	0.9
Unrealized Gain (Loss) on Derivatives
Changes to accumulated other comprehensive income (loss)
Balance at the beginning of the period	4.7	6.5
Unrealized gain	0	0
Reclassification to earnings	0
Effect of exchange rate changes and deferred taxes	0	0
Balance at the end of the period	4.7	6.5
Defined Benefit Plans
Changes to accumulated other comprehensive income (loss)
Balance at the beginning of the period	(124.8)	(81.6)
Gain (loss) arising during period	(3.4)	3.3
Reclassification to earnings	3.1	0.9
Effect of exchange rate changes and deferred taxes	4.6	2.3
Balance at the end of the period	$ (120.5)	$ (75.1)

Accumulated Other Comprehensi66

Accumulated Other Comprehensive Income (Loss) (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification out of AOCI
Interest Income, Other	$ 0.2	$ 0.3	$ 0.6	$ 0.5
Tax effect	(200.7)	(157.2)	(313.4)	(570.4)
Net earnings	364.8	324.7	600.7	1,045.1
Amount Reclassified from AOCI
Reclassification out of AOCI
Net earnings	1.1	0.4	1.9	0.6
Amount Reclassified from AOCI | Unrealized Gain (Loss) on Securities
Reclassification out of AOCI
Interest Income, Other	0	0.1	0.1	0
Total before tax	0	0.1	(0.1)	0
Tax effect	0		0	0
Net earnings	0	0.1	(0.1)	0
Amount Reclassified from AOCI | Defined Benefit Plans
Reclassification out of AOCI
Amortization of prior service cost	(0.2)	(0.3)	(0.5)	(0.3)
Amortization of net loss	1.9	0.7	3.6	1.2
Total before tax	1.7	0.4	3.1	0.9
Tax effect	(0.6)	(0.1)	(1.1)	(0.3)
Net earnings	$ 1.1	$ 0.3	$ 2	$ 0.6

Contingencies (Details)

Contingencies (Details) - Pending Litigation	Apr. 17, 2015Insurance_companyPeoplePlaintiffEntity	Apr. 17, 2013People	Jun. 30, 2015Litigation_case
Loss Contingencies [Line Items]
Number of people killed		15
Number of people injured		200
Number of plaintiffs | Plaintiff	400
Number of entities that filed claims | Entity	9
Number of people that filed claims	325
Number of insurance companies that filed claims | Insurance_company	80
Number of litigation cases scheduled for trial | Litigation_case			3

Segment Disclosures (Details)

Segment Disclosures (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment data
Net sales	$ 1,311.5	$ 1,472.7	$ 2,265.1	$ 2,605.3
Cost of sales	625.6	882.4	1,163.4	1,572.2
Gross margin	685.9	590.3	1,101.7	1,033.1
Total other operating costs and expenses	60.3	61.1	118.6	97
Gain on sale of phosphate business	0	0	0	747.1
Equity in earnings of operating affiliates	4.7	2.1	14.4	17.9
Operating earnings	630.3	531.3	997.5	1,701.1
Operating segments | Ammonia
Segment data
Net sales	599	604.8	886.7	877.2
Cost of sales	260	376.4	427.8	524.5
Gross margin	339	228.4	458.9	352.7
Operating segments | Granular Urea
Segment data
Net sales	211	267.6	423.2	483.8
Cost of sales	92.4	142.9	192.5	257.4
Gross margin	118.6	124.7	230.7	226.4
Operating segments | UAN
Segment data
Net sales	407.4	456.5	763.1	856.4
Cost of sales	204.8	255.2	401.8	473
Gross margin	202.6	201.3	361.3	383.4
Operating segments | Other
Segment data
Net sales	94.1	120.5	192.1	219.5
Cost of sales	68.4	86.2	141.3	159
Gross margin	25.7	34.3	50.8	60.5
Operating segments | Phosphate
Segment data
Net sales	0	23.3	0	168.4
Cost of sales	0	21.7	0	158.3
Gross margin	$ 0	1.6	$ 0	10.1
Operating equity method investments | Point Lisas Nitrogen Limited (PLNL)
Segment Reporting [Abstract]
Ownership interest (as a percent)	50.00%		50.00%
Segment data
Equity in earnings of operating affiliates	$ 5.5	$ 1.3	$ 13.2	$ 15.7

Condensed Consolidating Finan69

Condensed Consolidating Financial Statements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed, Consolidating Statement of Operations
Net sales	$ 1,311.5	$ 1,472.7	$ 2,265.1	$ 2,605.3
Cost of sales	625.6	882.4	1,163.4	1,572.2
Gross margin	685.9	590.3	1,101.7	1,033.1
Selling, general and administrative expenses	37.9	39.5	78	81.2
Other operating—net	22.4	21.6	40.6	15.8
Total other operating costs and expenses	60.3	61.1	118.6	97
Gain on sale of phosphate business	0	0	0	747.1
Equity in earnings of operating affiliates	4.7	2.1	14.4	17.9
Operating earnings	630.3	531.3	997.5	1,701.1
Interest expense	29	50.7	62.9	90.7
Interest income	(0.2)	(0.3)	(0.6)	(0.5)
Net (earnings) of wholly-owned subsidiaries			0
Other non-operating—net	0.5	0.7	0.5	0.6
Earnings before income taxes and equity in (losses) earnings of non-operating affiliates	601	480.2	934.7	1,610.3
Income tax (benefit) provision	200.7	157.2	313.4	570.4
Equity in (losses) earnings of non-operating affiliates—net of taxes	(35.5)	1.7	(20.6)	5.2
Net earnings	364.8	324.7	600.7	1,045.1
Less: Net earnings attributable to noncontrolling interest	12.9	12.1	18.2	24
Net earnings attributable to common stockholders	351.9	312.6	582.5	1,021.1
Reportable legal entities | Parent
Condensed, Consolidating Statement of Operations
Selling, general and administrative expenses	1.5	0.9	2.3	1.6
Other operating—net	0		0
Total other operating costs and expenses	1.5	0.9	2.3	1.6
Operating earnings	(1.5)	(0.9)	(2.3)	(1.6)
Net (earnings) of wholly-owned subsidiaries	(352.8)	(313.1)	(583.9)	(1,022.1)
Other non-operating—net	(0.1)	(0.1)	(0.1)	(0.1)
Earnings before income taxes and equity in (losses) earnings of non-operating affiliates	351.4	312.3	581.7	1,020.6
Income tax (benefit) provision	(0.5)	(0.3)	(0.8)	(0.5)
Net earnings	351.9	312.6	582.5	1,021.1
Net earnings attributable to common stockholders	351.9	312.6	582.5	1,021.1
Reportable legal entities | CFI
Condensed, Consolidating Statement of Operations
Net sales	110.6	95.7	191.9	467.7
Cost of sales	110.6	95.7	191.9	284
Gross margin	0	0	0	183.7
Selling, general and administrative expenses	0.6	0.3	0.9	1.7
Other operating—net	(0.4)	0	(5.6)	(0.3)
Total other operating costs and expenses	0.2	0.3	(4.7)	1.4
Gain on sale of phosphate business				761.5
Equity in earnings of operating affiliates				0
Operating earnings	(0.2)	(0.3)	4.7	943.8
Interest expense	65.9	65.9	130.8	115.3
Interest income	(14.6)	(0.1)	(14.6)	(0.2)
Net (earnings) of wholly-owned subsidiaries	(386.3)	(356.6)	(657)	(507.9)
Other non-operating—net	(0.1)	0.1	0	0
Earnings before income taxes and equity in (losses) earnings of non-operating affiliates	334.9	290.4	545.5	1,336.6
Income tax (benefit) provision	(17.9)	(22.7)	(38.4)	314.4
Equity in (losses) earnings of non-operating affiliates—net of taxes	0	0	0	(0.1)
Net earnings	352.8	313.1	583.9	1,022.1
Net earnings attributable to common stockholders	352.8	313.1	583.9	1,022.1
Reportable legal entities | Other Subsidiaries
Condensed, Consolidating Statement of Operations
Net sales	1,393	1,553.8	2,396.8	2,776.8
Cost of sales	707.1	963.5	1,295.1	1,927.4
Gross margin	685.9	590.3	1,101.7	849.4
Selling, general and administrative expenses	35.8	38.3	74.8	77.9
Other operating—net	22.8	21.6	46.2	16.1
Total other operating costs and expenses	58.6	59.9	121	94
Gain on sale of phosphate business				(14.4)
Equity in earnings of operating affiliates	4.7	2.1	14.4	17.9
Operating earnings	632	532.5	995.1	758.9
Interest expense	(22.3)	(15.1)	(53.3)	(24.4)
Interest income	(0.2)	(0.3)	(0.6)	(0.5)
Other non-operating—net	0.7	0.7	0.6	0.7
Earnings before income taxes and equity in (losses) earnings of non-operating affiliates	653.8	547.2	1,048.4	783.1
Income tax (benefit) provision	219.1	180.2	352.6	256.5
Equity in (losses) earnings of non-operating affiliates—net of taxes	(35.5)	1.7	(20.6)	5.3
Net earnings	399.2	368.7	675.2	531.9
Less: Net earnings attributable to noncontrolling interest	12.9	12.1	18.2	24
Net earnings attributable to common stockholders	386.3	356.6	657	507.9
Eliminations
Condensed, Consolidating Statement of Operations
Net sales	(192.1)	(176.8)	(323.6)	(639.2)
Cost of sales	(192.1)	(176.8)	(323.6)	(639.2)
Gross margin		0	0	0
Selling, general and administrative expenses		0		0
Total other operating costs and expenses		0		0
Operating earnings			0	0
Interest expense	(14.6)	(0.1)	(14.6)	(0.2)
Interest income	14.6	0.1	14.6	0.2
Net (earnings) of wholly-owned subsidiaries	739.1	669.7	1,240.9	1,530
Earnings before income taxes and equity in (losses) earnings of non-operating affiliates	(739.1)	(669.7)	(1,240.9)	(1,530)
Net earnings	(739.1)	(669.7)	(1,240.9)	(1,530)
Less: Net earnings attributable to noncontrolling interest			0	0
Net earnings attributable to common stockholders	$ (739.1)	$ (669.7)	$ (1,240.9)	$ (1,530)

Condensed Consolidating Finan70

Condensed Consolidating Financial Statements (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed, Consolidating Statement of Comprehensive Income
Net earnings	$ 364.8	$ 324.7	$ 600.7	$ 1,045.1
Other comprehensive income (losses)	34.5	29.6	(46)	20.2
Comprehensive income	399.3	354.3	554.7	1,065.3
Less: Comprehensive income attributable to noncontrolling interest	12.9	12.1	18.2	24
Comprehensive income attributable to common stockholders	386.4	342.2	536.5	1,041.3
Reportable legal entities | Parent
Condensed, Consolidating Statement of Comprehensive Income
Net earnings	351.9	312.6	582.5	1,021.1
Other comprehensive income (losses)	34.5	29.6	(46)	20.2
Comprehensive income	386.4	342.2	536.5	1,041.3
Comprehensive income attributable to common stockholders	386.4	342.2	536.5	1,041.3
Reportable legal entities | CFI
Condensed, Consolidating Statement of Comprehensive Income
Net earnings	352.8	313.1	583.9	1,022.1
Other comprehensive income (losses)	34.5	29.6	(46)	20.2
Comprehensive income	387.3	342.7	537.9	1,042.3
Comprehensive income attributable to common stockholders	387.3	342.7	537.9	1,042.3
Reportable legal entities | Other Subsidiaries
Condensed, Consolidating Statement of Comprehensive Income
Net earnings	399.2	368.7	675.2	531.9
Other comprehensive income (losses)	35.4	29.6	(45.1)	20.2
Comprehensive income	434.6	398.3	630.1	552.1
Less: Comprehensive income attributable to noncontrolling interest	12.9	12.1	18.2	24
Comprehensive income attributable to common stockholders	421.7	386.2	611.9	528.1
Eliminations
Condensed, Consolidating Statement of Comprehensive Income
Net earnings	(739.1)	(669.7)	(1,240.9)	(1,530)
Other comprehensive income (losses)	(69.9)	(59.2)	91.1	(40.4)
Comprehensive income	(809)	(728.9)	(1,149.8)	(1,570.4)
Less: Comprehensive income attributable to noncontrolling interest			0	0
Comprehensive income attributable to common stockholders	$ (809)	$ (728.9)	$ (1,149.8)	$ (1,570.4)

Condensed Consolidating Finan71

Condensed Consolidating Financial Statements (Details 3) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014		Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 809.9	$ 1,996.6		$ 2,194.1	$ 1,710.8
Restricted cash	54	86.1
Accounts and notes receivable—net	194.9	191.5
Inventories	205.3	202.9
Deferred income taxes	53.8	84
Prepaid income taxes	14.7	34.8
Other current assets	33.8	18.6
Total current assets	1,366.4	2,614.5
Property, plant and equipment—net	6,465.6	5,525.8
Investments in and advances to affiliates	808.7	861.5
Due from affiliates		0
Goodwill	2,090.8	2,092.8
Other assets	266.9	243.6
Total assets	10,998.4	11,338.2
Current liabilities:
Accounts and notes payable and accrued expenses	701.2	589.9
Income taxes payable	12.4	16
Customer advances	17.3	325.4
Other current liabilities	22.6	48.4
Total current liabilities	753.5	979.7
Long-term debt	4,592.6	4,592.5
Deferred income taxes	776.5	818.6
Due to affiliates		0
Other liabilities	400	374.9
Stockholders' equity:
Preferred stock	0	0
Common stock	2.4	2.5	[1]
Paid-in capital(1)	1,368	1,413.9	[1]
Retained earnings	3,080.3	3,175.3
Treasury stock	(129)	(222.2)	[1]
Accumulated other comprehensive income (loss)	(205.8)	(159.8)		(22.4)	(42.6)
Total stockholders' equity	4,115.9	4,209.7
Noncontrolling interest	359.9	362.8
Total equity	4,475.8	4,572.5		4,845.1	5,438.4
Total liabilities and equity	10,998.4	11,338.2
Reportable legal entities | Parent
Current assets:
Cash and cash equivalents	0	0		0.1	0.1
Accounts and notes receivable—net	0.1
Prepaid income taxes	2.7	1.9
Total current assets	2.8	1.9
Investments in and advances to affiliates	4,339.6	6,212.5
Due from affiliates	570.7	570.7
Goodwill		0
Total assets	4,913.1	6,785.1
Current liabilities:
Accounts and notes payable and accrued expenses	797.2	2,575.4
Other current liabilities	0	0
Total current liabilities	797.2	2,575.4
Stockholders' equity:
Preferred stock		0
Common stock	2.4	2.5
Paid-in capital(1)	1,368	1,413.9
Retained earnings	3,080.3	3,175.3
Treasury stock	(129)	(222.2)
Accumulated other comprehensive income (loss)	(205.8)	(159.8)
Total stockholders' equity	4,115.9	4,209.7
Noncontrolling interest		0
Total equity	4,115.9	4,209.7
Total liabilities and equity	4,913.1	6,785.1
Reportable legal entities | CFI
Current assets:
Cash and cash equivalents	3.7	105.7		370.6	20.4
Accounts and notes receivable—net	1,704.1	2,286.5
Inventories	0	0
Deferred income taxes		0
Prepaid income taxes	0	0
Other current assets		0
Total current assets	1,707.8	2,392.2
Property, plant and equipment—net		0
Investments in and advances to affiliates	8,108.2	9,208.7
Due from affiliates		0
Other assets	63.1	65.1
Total assets	9,879.1	11,666
Current liabilities:
Accounts and notes payable and accrued expenses	284.2	207.7
Income taxes payable	0.6	10.8
Customer advances		0
Other current liabilities	0	0
Total current liabilities	284.8	218.5
Long-term debt	4,592.6	4,592.5
Deferred income taxes	54	34.8
Due to affiliates	572.9	572.4
Other liabilities	35.2	35.3
Stockholders' equity:
Common stock		0
Paid-in capital(1)	(12.6)	(12.6)
Retained earnings	4,558	6,384.9
Treasury stock		0
Accumulated other comprehensive income (loss)	(205.8)	(159.8)
Total stockholders' equity	4,339.6	6,212.5
Noncontrolling interest		0
Total equity	4,339.6	6,212.5
Total liabilities and equity	9,879.1	11,666
Reportable legal entities | Other Subsidiaries
Current assets:
Cash and cash equivalents	806.2	1,890.9		1,823.4	1,690.3
Restricted cash	54	86.1
Accounts and notes receivable—net	1,191.4	651.9
Inventories	205.3	202.9
Deferred income taxes	53.8	84
Prepaid income taxes	14.7	34.8
Other current assets	33.8	18.6
Total current assets	2,359.2	2,969.2
Property, plant and equipment—net	6,465.6	5,525.8
Investments in and advances to affiliates	808.7	861.5
Due from affiliates	2.2	1.7
Goodwill	2,090.8	2,092.8
Other assets	203.8	178.5
Total assets	11,930.3	11,629.5
Current liabilities:
Accounts and notes payable and accrued expenses	2,320.5	553.8
Income taxes payable	14.5	7.1
Customer advances	17.3	325.4
Other current liabilities	22.6	48.4
Total current liabilities	2,374.9	934.7
Long-term debt		0
Deferred income taxes	722.5	783.8
Other liabilities	364.8	339.6
Stockholders' equity:
Preferred stock	16.4	16.4
Common stock	1.1	1.1
Paid-in capital(1)	8,284.9	8,283.5
Retained earnings	11.1	1,067.8
Treasury stock		0
Accumulated other comprehensive income (loss)	(205.3)	(160.2)
Total stockholders' equity	8,108.2	9,208.6
Noncontrolling interest	359.9	362.8
Total equity	8,468.1	9,571.4
Total liabilities and equity	11,930.3	11,629.5
Eliminations
Current assets:
Cash and cash equivalents				$ 0	$ 0
Accounts and notes receivable—net	(2,700.7)	(2,746.9)
Inventories		0
Prepaid income taxes	(2.7)	(1.9)
Total current assets	(2,703.4)	(2,748.8)
Investments in and advances to affiliates	(12,447.8)	(15,421.2)
Due from affiliates	(572.9)	(572.4)
Goodwill		0
Total assets	(15,724.1)	(18,742.4)
Current liabilities:
Accounts and notes payable and accrued expenses	(2,700.7)	(2,747)
Income taxes payable	(2.7)	(1.9)
Customer advances		0
Other current liabilities	0	0
Total current liabilities	(2,703.4)	(2,748.9)
Long-term debt		0
Deferred income taxes	0	0
Due to affiliates	(572.9)	(572.4)
Stockholders' equity:
Preferred stock	(16.4)	(16.4)
Common stock	(1.1)	(1.1)
Paid-in capital(1)	(8,272.3)	(8,270.9)
Retained earnings	(4,569.1)	(7,452.7)
Treasury stock		0
Accumulated other comprehensive income (loss)	411.1	320
Total stockholders' equity	(12,447.8)	(15,421.1)
Noncontrolling interest		0
Total equity	(12,447.8)	(15,421.1)
Total liabilities and equity	$ (15,724.1)	$ (18,742.4)
[1]	December 31, 2014 amounts have been retroactively restated to reflect the five-for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015.

Condensed Consolidating Finan72

Condensed Consolidating Financial Statements (Details 4) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Operating Activities:
Net earnings	$ 364.8	$ 324.7	$ 600.7	$ 1,045.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization			219.3	203.1
Deferred income taxes			(5.7)	1.1
Stock-based compensation expense			8.1	10
Excess tax benefit from stock-based compensation			(1.8)	(5.2)
Unrealized loss (gain) on derivatives			(43.2)	61.4
Loss on sale of equity method investments			42.8	0
Gain on sale of phosphate business	0	0	0	(747.1)
Loss (gain) on disposal of property, plant and equipment			13.6	1
Undistributed (earnings) loss of affiliates—net			(16.2)	(15.1)
Due to/from affiliates—net				0
Changes in:
Accounts and notes receivable—net			(3.7)	(12.1)
Inventories			(8)	64
Accrued and prepaid income taxes			30.4	22.6
Accounts and notes payable and accrued expenses			(33.2)	(30.4)
Customer advances			(308.1)	(57.2)
Other—net			3.8	14.1
Net cash provided by operating activities			498.8	555.3
Investing Activities:
Additions to property, plant and equipment			(1,031.9)	(685)
Proceeds from sale of property, plant and equipment			8	5.9
Proceeds from sale of equity method investment			12.8	0
Proceeds from sale of phosphate business			0	1,353.6
Deposits to restricted cash funds			0	(505)
Withdrawals from restricted cash funds			32.1	14
Other—net			(22.4)	16.8
Net cash (used in) provided by investing activities			(1,001.4)	200.3
Financing Activities:
Proceeds from long-term borrowings			0	1,494.2
Short-term debt—net			0
Financing fees			(2)	(16)
Dividends paid on common stock			(142.5)	(107.2)
Distributions to noncontrolling interest			(21.1)	(23.5)
Purchases of treasury stock			(523.1)	(1,591.2)
Issuances of common stock under employee stock plans			7.4	9.7
Excess tax benefit from stock-based compensation			1.8	5.2
Dividends to/from affiliates			0	0
Other—net			0	(43)
Net cash used in financing activities			(679.5)	(271.8)
Effect of exchange rate changes on cash and cash equivalents			(4.6)	(0.5)
(Decrease) increase in cash and cash equivalents			(1,186.7)	483.3
Cash and cash equivalents at beginning of period			1,996.6	1,710.8	$ 1,710.8
Cash and cash equivalents at end of period	809.9	2,194.1	809.9	2,194.1	1,996.6
Reportable legal entities | Parent
Operating Activities:
Net earnings	351.9	312.6	582.5	1,021.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Deferred income taxes				0
Stock-based compensation expense			7.8	9.9
Excess tax benefit from stock-based compensation			(1.8)	(5.2)
Loss (gain) on disposal of property, plant and equipment				0
Undistributed (earnings) loss of affiliates—net			(583.9)	(1,022.2)
Due to/from affiliates—net			1.9	5.2
Changes in:
Accounts and notes receivable—net			0	(0.1)
Accrued and prepaid income taxes			(0.8)	(0.5)
Accounts and notes payable and accrued expenses			0.3	(1.9)
Net cash provided by operating activities			6	6.3
Financing Activities:
Short-term debt—net			507.9	1,570
Financing fees			0
Dividends paid on common stock			(142.5)	(107.2)
Purchases of treasury stock			(523.1)	(1,591.2)
Issuances of common stock under employee stock plans			7.4	9.7
Excess tax benefit from stock-based compensation			1.8	5.2
Dividends to/from affiliates			142.5	107.2
Other—net			0	0
Net cash used in financing activities			(6)	(6.3)
(Decrease) increase in cash and cash equivalents			0	0
Cash and cash equivalents at beginning of period			0	0.1	0.1
Cash and cash equivalents at end of period	0	0.1	0	0.1	0
Reportable legal entities | CFI
Operating Activities:
Net earnings	352.8	313.1	583.9	1,022.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization			3.6	3.3
Deferred income taxes			19.7	0
Excess tax benefit from stock-based compensation				0
Unrealized loss (gain) on derivatives				0
Gain on sale of phosphate business				(761.5)
Loss (gain) on disposal of property, plant and equipment				0
Undistributed (earnings) loss of affiliates—net			(657)	(507.8)
Due to/from affiliates—net			0.4	1.8
Changes in:
Accounts and notes receivable—net			(64.5)	(248.8)
Inventories			0	(2.5)
Accrued and prepaid income taxes			(10.2)	314.3
Accounts and notes payable and accrued expenses			75.3	207.5
Other—net			0.3	(3.3)
Net cash provided by operating activities			(48.5)	25.1
Investing Activities:
Additions to property, plant and equipment			0	(18.3)
Proceeds from sale of property, plant and equipment				0
Proceeds from sale of phosphate business				893.1
Other—net			(1.5)
Net cash (used in) provided by investing activities			(1.5)	874.8
Financing Activities:
Proceeds from long-term borrowings				1,494.2
Short-term debt—net			(50)	(2,026.9)
Financing fees			(2)	(16)
Dividends paid on common stock			(142.5)	(107.2)
Distributions to noncontrolling interest			0	0
Purchases of treasury stock			0
Issuances of common stock under employee stock plans			0
Excess tax benefit from stock-based compensation			0
Dividends to/from affiliates			142.5	107.2
Other—net			0	(1)
Net cash used in financing activities			(52)	(549.7)
Effect of exchange rate changes on cash and cash equivalents				0
(Decrease) increase in cash and cash equivalents			(102)	350.2
Cash and cash equivalents at beginning of period			105.7	20.4	20.4
Cash and cash equivalents at end of period	3.7	370.6	3.7	370.6	105.7
Reportable legal entities | Other Subsidiaries
Operating Activities:
Net earnings	399.2	368.7	675.2	531.9
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization			215.7	199.8
Deferred income taxes			(25.4)	1.1
Stock-based compensation expense			0.3	0.1
Excess tax benefit from stock-based compensation				0
Unrealized loss (gain) on derivatives			(43.2)	61.4
Loss on sale of equity method investments			42.8
Gain on sale of phosphate business				14.4
Loss (gain) on disposal of property, plant and equipment			13.6	1
Undistributed (earnings) loss of affiliates—net			(16.2)	(15.1)
Due to/from affiliates—net			(2.3)	(7)
Changes in:
Accounts and notes receivable—net			(81.9)	697.2
Inventories			(8)	66.5
Accrued and prepaid income taxes			41.4	(291.2)
Accounts and notes payable and accrued expenses			33.9	(696.4)
Customer advances			(308.1)	(57.2)
Other—net			3.5	17.4
Net cash provided by operating activities			541.3	523.9
Investing Activities:
Additions to property, plant and equipment			(1,031.9)	(666.7)
Proceeds from sale of property, plant and equipment			8	5.9
Proceeds from sale of equity method investment			12.8
Proceeds from sale of phosphate business				460.5
Deposits to restricted cash funds				(505)
Withdrawals from restricted cash funds			32.1	14
Other—net			(22.4)	16.8
Net cash (used in) provided by investing activities			(1,001.4)	(674.5)
Financing Activities:
Proceeds from long-term borrowings				0
Short-term debt—net			(457.9)	456.9
Financing fees			0	0
Dividends paid on common stock			(142.5)	(107.2)
Distributions to noncontrolling interest			(21.1)	(23.5)
Purchases of treasury stock			0	0
Issuances of common stock under employee stock plans			0
Excess tax benefit from stock-based compensation			0
Dividends to/from affiliates			0
Other—net			1.5	(42)
Net cash used in financing activities			(620)	284.2
Effect of exchange rate changes on cash and cash equivalents			(4.6)	(0.5)
(Decrease) increase in cash and cash equivalents			(1,084.7)	133.1
Cash and cash equivalents at beginning of period			1,890.9	1,690.3	1,690.3
Cash and cash equivalents at end of period	806.2	1,823.4	806.2	1,823.4	1,890.9
Eliminations
Operating Activities:
Net earnings	$ (739.1)	(669.7)	(1,240.9)	(1,530)
Adjustments to reconcile net earnings to net cash provided by operating activities:
Loss (gain) on disposal of property, plant and equipment				0
Undistributed (earnings) loss of affiliates—net			1,240.9	1,530
Changes in:
Accounts and notes receivable—net			142.7	(460.4)
Accounts and notes payable and accrued expenses			(142.7)	460.4
Other—net				0
Net cash provided by operating activities			0
Investing Activities:
Other—net			1.5
Net cash (used in) provided by investing activities			1.5
Financing Activities:
Dividends paid on common stock			285	214.4
Dividends to/from affiliates			(285)	(214.4)
Other—net			(1.5)
Net cash used in financing activities			(1.5)	0
(Decrease) increase in cash and cash equivalents			$ 0	0
Cash and cash equivalents at beginning of period				0	$ 0
Cash and cash equivalents at end of period		$ 0		$ 0

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
	Jul. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014		Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2016	Dec. 31, 2014		Aug. 06, 2015	Aug. 06, 2014
Subsequent Event [Line Items]
Purchase of treasury stock (in dollars)						$ 504,700,000	$ 1,550,800,000
Treasury stock, value		$ 129,000,000		$ 222,200,000	[1]	$ 129,000,000			$ 222,200,000	[1]
Scenario, Forecast | New CF | OCI N.V.
Subsequent Event [Line Items]
Business combination, consideration transferred								$ 8,000,000,000
Noncash or part noncash acquisition, debt assumed								$ 2,000,000,000
Business combination, consideration transferred, equity interests issued and issuable, percentage of fixed ownership								25.60%
Cash consideration expected to be paid upon stock-exchange transaction per definitive agreement								$ 700,000,000
Scenario, Forecast | New CF
Subsequent Event [Line Items]
Sale of stock, percentage of ownership after transaction per definitive agreement								72.30%
Scenario, Forecast | New CF | OCI N.V.
Subsequent Event [Line Items]
Sale of stock, percentage of ownership after transaction per definitive agreement								27.70%
Scenario, Forecast | OCI's Natgasoline Project | New CF
Subsequent Event [Line Items]
Ownership interest (as a percent)								45.00%
Agreed upon purchase price for equity investment								$ 500,000,000
Subsequent Event
Subsequent Event [Line Items]
Senior unsecured bridge term loan facility, maximum aggregate principal amount											$ 4,000,000,000
2014 Program
Subsequent Event [Line Items]
Number of shares repurchased (in shares)		4,500,000	4,100,000	7,000,000		8,600,000			7,000,000
Purchase of treasury stock (in dollars)		$ 268,100,000	$ 236,600,000	$ 372,800,000		$ 504,700,000			$ 372,800,000
Share repurchase authorized												$ 1,000,000,000
Accumulated number of shares repurchased (in shares)		15,600,000		7,000,000		15,600,000			7,000,000
Treasury stock, value		$ 877,500,000		$ 372,800,000		$ 877,500,000			$ 372,800,000
2014 Program | Subsequent Event
Subsequent Event [Line Items]
Number of shares repurchased (in shares)	300,000
Purchase of treasury stock (in dollars)	$ 22,500,000
Accumulated number of shares repurchased (in shares)	15,900,000
Treasury stock, value	$ 900,000,000
Non-operating equity method investments | GrowHow
Subsequent Event [Line Items]
Ownership interest (as a percent)		50.00%				50.00%
Non-operating equity method investments | Subsequent Event | GrowHow
Subsequent Event [Line Items]
Business combination, step acquisition, equity interest in acquiree, description	0.5
Business combination, consideration transferred	$ 580,000,000
[1]	December 31, 2014 amounts have been retroactively restated to reflect the five-for-one split of the Company’s common stock effected in the form of a stock dividend that was distributed on June 17, 2015.