CF Industries (CF) 10-Q 2 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 31, 2017
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	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		233,260,048
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Net sales	$ 870	$ 680	$ 3,031	$ 2,818
Cost of sales	861	678	2,744	2,072
Gross margin	9	2	287	746
Selling, general and administrative expenses	45	44	140	141
Transaction costs	0	0	0	179
Other operating—net	(2)	57	14	181
Total other operating costs and expenses	43	101	154	501
Equity in losses of operating affiliates	(5)	(2)	(8)	(11)
Operating (loss) earnings	(39)	(101)	125	234
Interest expense	81	31	241	130
Interest income	(5)	(2)	(8)	(4)
Other non-operating—net	0	1	0	(1)
(Loss) earnings before income taxes	(115)	(131)	(108)	109
Income tax benefit	(47)	(131)	(55)	(21)
Net (loss) earnings	(68)	0	(53)	130
Less: Net earnings attributable to noncontrolling interests	19	30	54	87
Net (loss) earnings attributable to common stockholders	$ (87)	$ (30)	$ (107)	$ 43
Net (loss) earnings per share attributable to common stockholders:
Basic (in dollars per share)	$ (0.37)	$ (0.13)	$ (0.46)	$ 0.19
Diluted (in dollars per share)	$ (0.37)	$ (0.13)	$ (0.46)	$ 0.19
Weighted average common shares outstanding:
Basic (in shares)	233.2	233.1	233.2	233.2
Diluted (in shares)	233.2	233.1	233.2	233.5
Dividends declared per common share (in dollars per share)	$ 0.30	$ 0.30	$ 0.90	$ 0.90

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (68)	$ 0	$ (53)	$ 130
Other comprehensive income (loss):
Foreign currency translation adjustment—net of taxes	52	(30)	124	(20)
Defined benefit plans—net of taxes	(2)	0	(1)	(3)
Total other comprehensive income	50	(30)	123	(23)
Comprehensive (loss) income	(18)	(30)	70	107
Less: Comprehensive income attributable to noncontrolling interests	19	30	54	87
Comprehensive (loss) income attributable to common stockholders	$ (37)	$ (60)	$ 16	$ 20

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 1,992	$ 1,164	$ 1,554	$ 286
Restricted cash	0	5
Accounts receivable—net	279	236
Inventories	316	339
Prepaid income taxes	42	841
Other current assets	22	70
Total current assets	2,651	2,655
Property, plant and equipment—net	9,372	9,652
Investments in affiliates	109	139
Goodwill	2,369	2,345
Other assets	356	340
Total assets	14,857	15,131
Current liabilities:
Accounts payable and accrued expenses	635	638
Income taxes payable	7	1
Customer advances	92	42
Less: Current portion	798	0
Other current liabilities	19	5
Total current liabilities	1,551	686
Long-term debt	4,988	5,778
Deferred income taxes	1,592	1,630
Other liabilities	486	545
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, 2017—233,257,461 shares issued and 2016—233,141,771 shares issued	2	2
Paid-in capital	1,392	1,380
Retained earnings	2,048	2,365
Treasury stock—at cost, 2017—386 shares and 2016—27,602 shares	0	(1)
Accumulated other comprehensive loss	(275)	(398)	(273)	(250)
Total stockholders' equity	3,167	3,348
Noncontrolling interests	3,073	3,144	3,120	352
Total equity	6,240	6,492	$ 6,980	$ 4,387
Total liabilities and equity	$ 14,857	$ 15,131

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
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	233,257,461	233,141,771
Treasury stock, shares	386	27,602

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	$0.01 Par Value Common Stock	Treasury Stock	Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total Stockholders' Equity	Noncontrolling Interests
Balance at Dec. 31, 2015	$ 4,387	$ 2	$ (153)	$ 1,378	$ 3,058	$ (250)	$ 4,035	$ 352
Increase (decrease) in equity
Net (loss) earnings	130	0	0	0	43	0	43	87
Other comprehensive income (loss):
Foreign currency translation adjustment—net of taxes	(20)	0	0	0	0	(20)	(20)
Defined benefit plans—net of taxes	(3)	0	0	0	0	(3)	(3)	0
Comprehensive (loss) income	107						20	87
Acquisition of treasury stock under employee stock plans	(1)	0	(1)	0	0	0	(1)	0
Issuance of $0.01 par value common stock under employee stock plans	0	0	3	(3)	0	0	0	0
Stock-based compensation expense	15	0	0	15	0	0	15	0
Cash dividends ($0.90 and $0.90 per share) for the nine months ended September 30, 2017 and 2016 respectively	(209)	0	0	0	(209)	0	(209)	0
Issuance of noncontrolling interest in CF Industries Nitrogen, LLC (CFN)	2,792	0	0	0	0	0	0	2,792
Distributions declared to noncontrolling interest	(111)	0	0	0	0	0	0	(111)
Balance at Sep. 30, 2016	6,980	2	(151)	1,390	2,892	(273)	3,860	3,120
Balance at Dec. 31, 2016	6,492	2	(1)	1,380	2,365	(398)	3,348	3,144
Increase (decrease) in equity
Net (loss) earnings	(53)	0	0	0	(107)	0	(107)	54
Other comprehensive income (loss):
Foreign currency translation adjustment—net of taxes	124	0	0	0	0	124	124	0
Defined benefit plans—net of taxes	(1)	0	0	0	0	(1)	(1)	0
Comprehensive (loss) income	70						16	54
Issuance of $0.01 par value common stock under employee stock plans	0	0	1	(1)	0	0	0	0
Stock-based compensation expense	13	0	0	13	0	0	13	0
Cash dividends ($0.90 and $0.90 per share) for the nine months ended September 30, 2017 and 2016 respectively	(210)	0	0	0	(210)	0	(210)	0
Distributions declared to noncontrolling interest	(125)	0	0	0	0	0	0	(125)
Balance at Sep. 30, 2017	$ 6,240	$ 2	$ 0	$ 1,392	$ 2,048	$ (275)	$ 3,167	$ 3,073

CONSOLIDATED STATEMENTS OF EQU7

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Cash Dividends (dollars per share)	$ 0.90	$ 0.90

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Operating Activities:
Net (loss) earnings	$ (53)	$ 130
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Depreciation and amortization	648	475
Deferred income taxes	(54)	730
Stock-based compensation expense	13	15
Unrealized net loss (gain) on natural gas and foreign currency derivatives	64	(169)
Unrealized loss on embedded derivative	4	22
Loss on disposal of property, plant and equipment	3	8
Undistributed losses of affiliates—net of taxes	7	0
Changes in:
Accounts receivable—net	(29)	55
Inventories	12	(4)
Accrued and prepaid income taxes	804	(665)
Accounts payable and accrued expenses	5	(7)
Customer advances	51	(75)
Other—net	(74)	76
Net cash provided by operating activities	1,401	591
Investing Activities:
Additions to property, plant and equipment	(290)	(1,819)
Proceeds from sale of property, plant and equipment	13	8
Distributions received from unconsolidated affiliates	12	0
Proceeds from sale auction rate securities	9	0
Withdrawals from restricted cash funds	5	16
Other—net	0	4
Net cash used in investing activities	(251)	(1,791)
Financing Activities:
Proceeds from short-term borrowings	0	150
Payments of short-term borrowings	0	(150)
Financing fees	(1)	(11)
Dividends paid on common stock	(210)	(209)
Issuance of noncontrolling interest in CFN	0	2,800
Distributions to noncontrolling interests	(125)	(111)
Issuances of common stock under employee stock plans	1	0
Net cash (used in) provided by financing activities	(335)	2,469
Effect of exchange rate changes on cash and cash equivalents	13	(1)
Increase in cash and cash equivalents	828	1,268
Cash and cash equivalents at beginning of period	1,164	286
Cash and cash equivalents at end of period	$ 1,992	$ 1,554

Background and Basis of Present

Background and Basis of Presentation	9 Months Ended
	Sep. 30, 2017
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, farmers and industrial users. Our principal nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Our other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to our industrial customers, and compound fertilizer products (NPKs), which are solid granular fertilizer products for which the nutrient content is a combination of nitrogen, phosphorus, and potassium. Our manufacturing and distribution facilities are concentrated in the midwestern United States and other major agricultural areas of the United States, Canada and the United Kingdom. We also export nitrogen fertilizer products from our Donaldsonville, Louisiana and Yazoo City, Mississippi manufacturing facilities, and our United Kingdom manufacturing facilities in Billingham and Ince. 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. 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, 2016 , in accordance with U.S. generally accepted accounting principles (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 2016 Annual Report on Form 10-K filed with the SEC on February 23, 2017. 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 defined benefit pension and other postretirement benefit plans and the assumptions used in the valuation of stock-based compensation awards granted to employees.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Sep. 30, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	New Accounting Standards Recently Adopted Pronouncement On January 1, 2017, we adopted Accounting Standards Update (ASU) No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. ASU No. 2015-11 changes the inventory measurement principle for entities using the first-in, first out (FIFO) or average cost methods. For entities utilizing one of these methods, the inventory measurement principle changed from lower of cost or market to the lower of cost and net realizable value. We follow the FIFO or average cost methods and the adoption of this ASU did not have a material effect on our consolidated financial statements. Recently Issued Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Accounting Standards Codification (ASC) Topic 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, the costs to obtain and fulfill a contract, including assets to be recognized, are to be capitalized and such capitalized costs should be disclosed. In 2016, the FASB issued additional ASUs that enhance the operability of the principal versus agent guidance in ASU No. 2014-09 by clarifying that an entity should consider the nature of each good or service promised to a customer at the individual good or service level, clarify that ASU No. 2014-09 should not be applied to immaterial performance obligations, and enhance the guidance around the treatment of shipping costs incurred to fulfill performance obligations. As modified by ASU No. 2015-14, Deferral of the Effective Date, the effective date of ASU No. 2014-09 is for interim and annual periods beginning after December 15, 2017, with early adoption permitted for interim and annual periods beginning after December 15, 2016. We continue to analyze the impact of ASU No. 2014-09 on our revenue contracts by comparing the revenue recognition that would have occurred from applying this ASU to revenue contracts that existed in 2015, 2016 and 2017. Based on analysis to date, we believe the adoption of ASU No. 2014-09 will not have a material impact on the revenue reported in our consolidated financial statements. We are also reviewing our business processes, systems, and controls to determine what changes are needed to support adoption, including the additional disclosures required under ASU No. 2014-09. We intend to adopt ASU No. 2014-09 effective January 1, 2018 using the modified retrospective approach. In March 2017, the FASB issued ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which will change the presentation of net benefit cost related to employer sponsored defined benefit plans and other postretirement benefits. Service cost will be included within the same income statement line item as other compensation costs arising from services rendered during the period, while other components of net benefit cost will be presented separately outside of operating income. Additionally, only service costs may be capitalized on the balance sheet. This ASU is effective for annual and interim periods beginning after December 15, 2017. We plan on adopting this guidance once it becomes effective. The guidance will be applied retrospectively for the income statement classification requirements and prospectively for the capitalization guidance. We do not expect the adoption of this ASU will have a material effect on our consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, which improves the financial reporting of hedging relationships in order to better portray the economic results of an entity's risk management activities in its financial statements. The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, and should be applied to existing hedging relationships as of the date of adoption. We plan on adopting this guidance once it becomes effective. We do not expect the adoption of this ASU will have a material effect on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory, which requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. We plan on adopting this guidance once it becomes effective. We do not expect the adoption of this ASU will have a material effect on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which supersedes the lease accounting requirements in ASC Topic 840, Leases. This ASU will require lessees to recognize the rights and obligations resulting from virtually all leases (other than leases that meet the definition of a short-term lease) on their balance sheets as right-of-use assets with corresponding lease liabilities. Extensive quantitative and qualitative disclosures, including significant judgments made by management, will be required to provide greater insight into the extent of income and expense recognized and expected to be recognized from existing contracts. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted, and requires the modified retrospective method of adoption. While we are continuing to evaluate the impact of the adoption of this ASU on our consolidated financial statements, we currently believe the most significant change relates to the recognition of new right-of-use assets and lease liabilities on our balance sheet for operating leases for certain property and equipment, including rail car leases and barge tow charters that are utilized for the distribution of our products.

Net Earnings Per Share

Net Earnings Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Net Earnings Per Share	Net (Loss) Earnings Per Share Net (loss) earnings per share were computed as follows: Three months ended Nine months ended 2017 2016 2017 2016 (in millions, except per share amounts) Net (loss) earnings attributable to common stockholders $ (87 ) $ (30 ) $ (107 ) $ 43 Basic earnings per common share: Weighted-average common shares outstanding 233.2 233.1 233.2 233.2 Net (loss) earnings attributable to common stockholders $ (0.37 ) $ (0.13 ) $ (0.46 ) $ 0.19 Diluted earnings per common share: Weighted-average common shares outstanding 233.2 233.1 233.2 233.2 Dilutive common shares—stock options — — — 0.3 Diluted weighted-average shares outstanding 233.2 233.1 233.2 233.5 Net (loss) earnings attributable to common stockholders $ (0.37 ) $ (0.13 ) $ (0.46 ) $ 0.19 In the computation of diluted earnings per common share, potentially dilutive stock options are excluded if the effect of their inclusion is anti-dilutive. Shares for anti-dilutive stock options not included in the computation of diluted earnings per common share were 6.5 million in each of the three and nine months ended September 30, 2017 , and 5.0 million and 4.3 million for the three and nine months ended September 30, 2016 , respectively.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following: September 30, December 31, (in millions) Finished goods $ 277 $ 279 Raw materials, spare parts and supplies 39 60 Total inventories $ 316 $ 339

Property, Plant and Equipment-N

Property, Plant and Equipment-Net	9 Months Ended
	Sep. 30, 2017
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: September 30, December 31, (in millions) Land $ 70 $ 69 Machinery and equipment 12,058 11,664 Buildings and improvements 882 878 Construction in progress 248 280 Property, plant and equipment (1) 13,258 12,891 Less: Accumulated depreciation and amortization 3,886 3,239 Property, plant and equipment—net $ 9,372 $ 9,652 _______________________________________________________________________________ (1) As of September 30, 2017 and December 31, 2016 , we had property, plant and equipment that was accrued but unpaid of approximately $204 million and $225 million , respectively. These amounts included accruals related to our capacity expansion projects of $158 million and $185 million as of September 30, 2017 and December 31, 2016 , respectively. As of September 30, 2016 and December 31, 2015, we had property, plant and equipment that was accrued but unpaid of $426 million and $543 million , respectively. Depreciation and amortization related to property, plant and equipment was $217 million and $622 million for the three and nine months ended September 30, 2017 , respectively, and $139 million and $425 million for the three and nine months ended September 30, 2016 , respectively. 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 capitalized plant turnaround costs: Nine months ended 2017 2016 (in millions) Net capitalized turnaround costs: Beginning balance $ 206 $ 220 Additions 83 60 Depreciation (75 ) (66 ) Effect of exchange rate changes 5 2 Ending balance $ 219 $ 216 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	9 Months Ended
	Sep. 30, 2017
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 reportable segment as of September 30, 2017 and December 31, 2016 : Ammonia Granular Urea UAN AN Other Total (in millions) Balance as of December 31, 2016 $ 585 $ 828 $ 576 $ 286 $ 70 $ 2,345 Effect of exchange rate changes 2 1 — 18 3 24 Balance as of September 30, 2017 $ 587 $ 829 $ 576 $ 304 $ 73 $ 2,369 All of our identifiable intangible assets have definite lives and are presented in other assets on our consolidated balance sheets at gross carrying amount, net of accumulated amortization, as follows: September 30, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net (in millions) Intangible assets: Customer relationships $ 131 $ (30 ) $ 101 $ 125 $ (24 ) $ 101 TerraCair brand 10 (10 ) — 10 (10 ) — Trade names 32 (3 ) 29 29 (2 ) 27 Total intangible assets $ 173 $ (43 ) $ 130 $ 164 $ (36 ) $ 128 Amortization expense of our identifiable intangible assets was $2 million and $7 million for the three and nine months ended September 30, 2017 , respectively, and $2 million and $6 million for the three and nine months ended September 30, 2016 , respectively. Total estimated amortization expense for the remainder of 2017 and each of the five succeeding fiscal years is as follows: Estimated Amortization Expense (in millions) Remainder of 2017 $ 2 2018 8 2019 8 2020 8 2021 8 2022 8

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments We have 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 this equity method investment as an element of earnings from operations because PLNL provides additional production to our operations and is integrated with our other supply chain and sales activities in the ammonia segment. As of September 30, 2017 , the total carrying value of our equity method investment in PLNL of approximately $109 million was $59 million more than our share of PLNL's book value. The excess is attributable to the purchase accounting impact of our acquisition of the investment in PLNL and primarily reflects the revaluation of property, plant and equipment and the value of an exclusive natural gas contract. The increased basis for property, plant and equipment and the gas contract are being amortized over a remaining period of approximately 16 years and 6 months , respectively. Our equity in earnings of PLNL is different from our ownership interest in income reported by PLNL due to amortization of these 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 $9 million and $53 million for the three and nine months ended September 30, 2017 , respectively, and $13 million and $47 million for the three and nine months ended September 30, 2016 , respectively. PLNL operates an ammonia plant that relies on natural gas supplied, under a Gas Sales Contract (the NGC Contract), by The National Gas Company of Trinidad and Tobago Limited (NGC). PLNL has experienced curtailments in the supply of natural gas from NGC, which have reduced the ammonia production at PLNL. The NGC Contract had an initial expiration date of September 2018 and has been extended on the same terms until September 2023. Any NGC commitment to supply gas beyond 2023 will need to be based on new agreements regarding volume and price. PLNL and NGC are currently parties to arbitration proceedings where the main issue remaining in dispute is PLNL's claims for damages for past and ongoing curtailments. Although PLNL believes its claims against NGC to be meritorious, it is not possible to predict the outcome of the arbitration. There are significant assumptions in the future operations of the joint venture that are uncertain at this time, including the quantities of gas that NGC will make available, the cost of such gas, the estimates that are used to determine the useful lives of fixed assets and the assumptions in the discounted cash flow models utilized for recoverability and impairment testing. As part of our impairment assessment of our equity method investment in PLNL during the fourth quarter of 2016, we determined the carrying value exceeded the fair value and recognized a $134 million impairment charge in 2016. The carrying value of our equity method investment in PLNL at September 30, 2017 is approximately $109 million . If NGC does not make sufficient quantities of natural gas available to PLNL at prices that permit profitable operations, PLNL may cease operating its facility and we would write off the remaining investment in PLNL. The Trinidad tax authority (the Board of Inland Revenue) has issued a tax assessment against PLNL related to a dispute over whether tax depreciation must be claimed during a tax holiday period that was granted to PLNL under the Trinidad Fiscal Incentives Act. The tax holiday was granted as an incentive to construct PLNL’s ammonia plant. PLNL is appealing the assessment. Based on the facts and circumstances of this matter, PLNL recorded a tax contingency accrual in the second quarter of 2017, which reduced our equity in earnings of PLNL for the nine months ended September 30, 2017 by approximately $7 million reflecting our 50% ownership interest.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Our cash and cash equivalents and other investments consist of the following: September 30, 2017 Cost Basis Unrealized Gains Unrealized Losses Fair Value (in millions) Cash $ 115 $ — $ — $ 115 Cash equivalents: U.S. and Canadian government obligations 1,865 — — 1,865 Other debt securities 12 — — 12 Total cash and cash equivalents $ 1,992 $ — $ — $ 1,992 Nonqualified employee benefit trusts 17 2 — 19 December 31, 2016 Cost Basis Unrealized Gains Unrealized Losses Fair Value (in millions) Cash $ 89 $ — $ — $ 89 Cash equivalents: U.S. and Canadian government obligations 1,075 — — 1,075 Total cash and cash equivalents $ 1,164 $ — $ — $ 1,164 Restricted cash 5 — — 5 Nonqualified employee benefit trusts 18 1 — 19 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 U.S. and Canadian federal governments; 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 September 30, 2017 and December 31, 2016 that are recognized at fair value on a recurring basis, and indicate the fair value hierarchy utilized to determine such fair value: September 30, 2017 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 $ 1,877 $ 1,877 $ — $ — Nonqualified employee benefit trusts 19 19 — — Derivative assets 1 — 1 — Derivative liabilities (15 ) — (15 ) — Embedded derivative liability (30 ) — (30 ) — December 31, 2016 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 $ 1,075 $ 1,075 $ — $ — Restricted cash 5 5 — — Nonqualified employee benefit trusts 19 19 — — Derivative assets 56 — 56 — Derivative liabilities (6 ) — (6 ) — Embedded derivative liability (26 ) — (26 ) — Cash Equivalents As of September 30, 2017 and December 31, 2016 , 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 maintained a cash account for which the use of the funds was restricted. The restricted cash 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 were required to grant an affiliate of ThyssenKrupp Industrial Solutions a security interest in a restricted cash account. During the three months ended September 30, 2017 , the remaining balance in our restricted cash account was returned to us and the account was closed. Nonqualified Employee Benefit Trusts We maintain trusts associated with certain nonqualified supplemental pension plans. The investments are accounted for as available-for-sale securities. The fair values of the trust assets are based on daily quoted prices in an active market, which represents the net asset values of the shares held in the trusts. These trusts are included on our consolidated balance sheets in other assets. Derivative Instruments The derivative instruments that we use are primarily natural gas fixed price swaps and natural gas options traded in the over-the-counter (OTC) markets with multinational commercial banks, other major financial institutions or large energy companies. The natural gas derivative contracts represent anticipated natural gas needs for future periods and settlements are scheduled to coincide with anticipated natural gas purchases during those future periods. 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 independent third party. See Note 12—Derivative Financial Instruments for additional information. Embedded Derivative Liability Under the terms of our strategic venture with CHS Inc. (CHS), if our credit rating as determined by two of three specified credit rating agencies is below certain levels, we are required to make a non-refundable yearly payment of $5 million to CHS. In the fourth quarter of 2016, as a result of a reduction in our credit rating, we made a $5 million payment to CHS. The payment will continue on a yearly basis until the earlier of the date that our credit rating is upgraded to or above certain levels by two of the three specified credit rating agencies or February 1, 2026. This term of the strategic venture is recognized on our consolidated balance sheet as an embedded derivative. See Note 13—Noncontrolling Interests for additional information regarding our strategic venture with CHS. During the nine months ended September 30, 2017 , we recorded adjustments to adjust the value of the embedded derivative liability by $4 million to $30 million . The inputs into the fair value measurement include the probability of future upgrades and downgrades of our credit rating based on historical credit rating movements of other public companies and the discount rates to be applied to potential annual payments based on applicable credit spreads of other public companies at different credit rating levels. Based on these inputs, our fair value measurement is classified as Level 2. The charges to reflect the changes in fair value for the nine months ended September 30, 2017 , of $4 million are included in other operating—net in our consolidated statement of operations. As of September 30, 2017 and December 31, 2016, the embedded derivative liability of $30 million and $26 million , respectively, is included in other current liabilities and other liabilities on our consolidated balance sheets. Financial Instruments The carrying amount and estimated fair value of our financial instruments are as follows: September 30, 2017 December 31, 2016 Carrying Amount Fair Value Carrying Amount Fair Value (in millions) Long-term debt $ 5,786 $ 5,916 $ 5,778 $ 5,506 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, they 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. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis We also have assets and liabilities that may be measured at fair value on a nonrecurring basis; that is, the assets and liabilities are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment, allocation of purchase price in an acquisition or when a new liability is being established that requires fair value measurement. These include long-lived assets, goodwill and other intangible assets and investments in unconsolidated subsidiaries, such as equity method investments, which may be written down to fair value as a result of impairment. The fair value measurements related to each of these rely primarily on Company-specific inputs and the Company's assumptions about the use of the assets. Since certain of the Company’s assumptions would involve inputs that are not observable, these fair values would reside within Level 3 of the fair value hierarchy. Our equity method investment in the Republic of Trinidad and Tobago, PLNL, operates an ammonia plant that relies on natural gas supplied, under the NGC Contract, by NGC. As part of our impairment assessment of our equity method investment in PLNL during the fourth quarter of 2016, we determined the carrying value exceeded the fair value and recognized a $134 million impairment charge in 2016. See Note 7—Equity Method Investments for additional information.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended September 30, 2017 , we recorded an income tax benefit of $47 million on pre-tax loss of $115 million , or an effective tax rate of 40.9% , compared to an income tax benefit of $131 million on pre-tax loss of $131 million , or an effective tax rate of 100.4% , for the three months ended September 30, 2016 . Our effective tax rate in both periods is impacted by earnings attributable to noncontrolling interests in CF Industries Nitrogen, LLC (CFN) and Terra Nitrogen Company L.P. (TNCLP), as our consolidated income tax provision does not include a tax provision on the earnings attributable to the noncontrolling interests. As a result, earnings attributable to the noncontrolling interests of $19 million in the third quarter of 2017 and $30 million in the third quarter of 2016, which are included in pre-tax loss, impact the effective tax rate in both periods. See Note 13—Noncontrolling Interests for additional information. Our effective tax rate excluding the earnings attributable to the noncontrolling interests for the three months ended September 30, 2017 is 35.2% as compared to an effective tax rate of 81.8% for the three months ended September 30, 2016 . The income tax benefit of $47 million in the third quarter of 2017 was impacted by a $5 million increase to our deferred tax liability for the State of Illinois enacted tax rate increase. The income tax benefit of $131 million in the third quarter of 2016 primarily related to the fact that we projected during the first half of 2016 that full year 2016 pre-tax earnings, excluding the noncontrolling interests, would be income. As of September 30, 2016, we were projecting a loss for the full year. The impact of this change in projected profitability was an income tax benefit of $163 million . In addition, other items included in our annualized effective tax rate that impacted the income tax benefit recorded in the third quarter of 2016 were, as follows: • We recorded income tax expense of $42 million related to the reversal of prior year U.S. manufacturing profits deductions due to the recapture of these benefits in the third quarter of 2016. The recapture resulted from our intention to carry back certain tax losses to prior years that reduced the amount of the prior year U.S. manufacturing profits deductions that can be claimed. • We recorded a valuation allowance of $21 million against certain foreign deferred tax assets which increased income tax expense. • We recorded an income tax benefit of $9 million related to the impact of certain transaction costs which were treated as not being deductible for tax purposes in the prior year and were deductible in 2016 as a result of the termination of the proposed combination with certain businesses of OCI. During the third quarter of 2016, one of our Canadian subsidiaries received a Notice of Reassessment from the Canada Revenue Agency (CRA) for tax years 2006 through 2009 asserting a disallowance of certain patronage allocations. The tax assessment of CAD $174 million (or approximately $140 million ), including provincial taxes but excluding any interest or penalties, is the result of an audit that was initiated by the CRA in January 2010 and involves the sole issue of whether certain patronage allocations meet the requirements for deductibility under the Income Tax Act of Canada. The reassessment has been appealed and a letter of credit in the amount of CAD $87 million (or approximately $70 million ) has been posted. We believe that it is more likely than not that the patronage allocation deduction will ultimately be sustained. In the event that we do not prevail in the appeal, we should be entitled to a U.S. foreign tax credit against any incremental Canadian tax paid. The competent authorities of Canada and the United States have been notified of the potential need for competent authority assistance. As of September 30, 2017 and December 31, 2016 , we had prepaid income taxes in the amount of $42 million and $841 million , respectively. In June 2017, we received a federal tax refund of approximately $815 million related to the carryback of certain U.S. tax losses from 2016 to prior tax periods. During the second quarter of 2017, the valuation allowance for the net operating losses of a subsidiary of the Company that were recorded in prior periods was reduced by $12 million as the result of a statutory income tax rate change.

Interest Expense

Interest Expense	9 Months Ended
	Sep. 30, 2017
Interest Expense [Abstract]
Interest Expense	Interest Expense Details of interest expense are as follows: Three months ended Nine months ended 2017 2016 2017 2016 (in millions) Interest on borrowings (1) $ 76 $ 76 $ 228 $ 227 Fees on financing agreements (1)(2)(3) 5 6 13 42 Interest on tax liabilities 1 2 2 3 Interest capitalized (4) (1 ) (53 ) (2 ) (142 ) Total interest expense $ 81 $ 31 $ 241 $ 130 _______________________________________________________________________________ (1) See Note 11—Financing Agreements for additional information. (2) Fees on financing agreements for the nine months ended September 30, 2016 includes $28 million of fees related to the termination of the tranche B commitment under the bridge credit agreement as a result of the termination of an agreement to combine between CF Holdings and OCI N.V. (3) Fees on financing agreements for both the three and nine months ended September 30, 2016 includes $2 million of accelerated amortization of deferred fees related to a July 2016 amendment to our revolving credit facility, which reduced the facility to $1.5 billion from $2.0 billion . (4) For the three and nine months ended September 30, 2016 , amounts include interest capitalized for our capacity expansion projects, which were completed as of December 31, 2016.

Financing Agreements

Financing Agreements	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Financing Agreements	Financing Agreements Revolving Credit Agreement We have a senior secured revolving credit agreement (the Revolving Credit Agreement) providing for a revolving credit facility of up to $750 million with a maturity of September 18, 2020. The Revolving Credit Agreement includes a letter of credit sub-limit of $125 million . Borrowings under the Revolving Credit Agreement may be used for working capital and general corporate purposes. CF Industries may designate as borrowers one or more wholly owned subsidiaries that are organized in the United States or any state thereof or the District of Columbia. Borrowings under the Revolving Credit Agreement may be denominated in U.S. dollars, Canadian dollars, euro and British pounds, and bear interest at a per annum rate equal to an applicable eurocurrency rate or base rate plus, in either case, a specified margin, and the borrowers are required to pay an undrawn commitment fee on the undrawn portion of the commitments under the Revolving Credit Agreement and customary letter of credit fees. The specified margin and the amount of the commitment fee depend on CF Holdings’ credit rating at the time. As of September 30, 2017 , we had excess borrowing capacity under the Revolving Credit Agreement of $695 million (net of outstanding letters of credit of $55 million ). There were no borrowings outstanding under the Revolving Credit Agreement as of September 30, 2017 or December 31, 2016 , or during the nine months ended September 30, 2017 . Maximum borrowings outstanding under the Revolving Credit Agreement during the nine months ended September 30, 2016 were $150 million with a weighted-average annual interest rate of 1.85% . The Revolving Credit Agreement contains representations and warranties and affirmative and negative covenants, including financial covenants. As of September 30, 2017 , we were in compliance with all covenants under the Revolving Credit Agreement. Letters of Credit In addition to the letters of credit outstanding under the Revolving Credit Agreement, as described above, we have also entered into a bilateral agreement with capacity to issue letters of credit up to $75 million . As of September 30, 2017 , approximately $73 million of letters of credit were outstanding under this agreement. Senior Notes Long-term debt presented on our consolidated balance sheets as of September 30, 2017 and December 31, 2016 consisted of the following Public Senior Notes (unsecured) and Senior Secured Notes: Effective Interest Rate September 30, December 31, Principal Carrying Amount (1) Principal Carrying Amount (1) (in millions) Public Senior Notes: 6.875% due May 2018 7.344% $ 800 $ 798 $ 800 $ 795 7.125% due May 2020 7.529% 800 792 800 791 3.450% due June 2023 3.562% 750 746 750 745 5.150% due March 2034 5.279% 750 739 750 739 4.950% due June 2043 5.031% 750 741 750 741 5.375% due March 2044 5.465% 750 741 750 741 Senior Secured Notes: 3.400% due December 2021 3.782% 500 493 500 491 4.500% due December 2026 4.759% 750 736 750 735 Total long-term debt $ 5,850 $ 5,786 $ 5,850 $ 5,778 Less: Current portion 800 798 — — Long-term debt $ 5,050 $ 4,988 $ 5,850 $ 5,778 _______________________________________________________________________________ (1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discount was $12 million as of both September 30, 2017 and December 31, 2016 , and total deferred debt issuance costs were $52 million and $60 million as of September 30, 2017 and December 31, 2016 , respectively. Public Senior Notes Under the indentures (including the applicable supplemental indentures) governing the senior notes due 2018, 2020, 2023, 2034, 2043 and 2044 identified in the table above (the Public Senior Notes), each series of Public Senior Notes is guaranteed by CF Holdings, and, in connection with the effectiveness of the November 2016 amendment to our Revolving Credit Agreement, CF Holdings' wholly owned subsidiaries CF Industries Enterprises, Inc. (CFE) and CF Industries Sales, LLC (CFS) became subsidiary guarantors of the Public Senior Notes. Interest on the Public Senior Notes is payable semiannually, and the Public 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. See Note 19—Subsequent Event for additional information regarding the senior notes due May 2018. Senior Secured Notes On November 21, 2016, CF Industries issued $500 million aggregate principal amount of 3.400% senior secured notes due 2021 (the 2021 Notes) and $750 million aggregate principal amount of 4.500% senior secured notes due 2026 (the 2026 Notes, and together with the 2021 Notes, the Senior Secured Notes). The net proceeds, after deducting discounts and offering expenses, from the issuance and sale of the Senior Secured Notes were approximately $1.23 billion . CF Industries used approximately $1.18 billion of the net proceeds for the prepayment (including payment of a make-whole amount of approximately $170 million and accrued interest) in full of the outstanding $1.0 billion aggregate principal amount of the senior notes due 2022, 2025 and 2027 (Private Senior Notes) issued by CF Industries on September 24, 2015. Interest on the Senior Secured Notes is payable semiannually on December 1 and June 1 beginning on June 1, 2017, and the Senior Secured Notes are redeemable at our option, in whole at any time or in part from time to time, at specified make-whole redemption prices.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2017
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. The derivatives that we use for this purpose are primarily natural gas fixed price swaps and natural gas options 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 recognized in earnings. As of September 30, 2017 , we have natural gas derivative contracts covering periods through December 2018. As of September 30, 2017 and December 31, 2016 , we had open natural gas derivative contracts for 75.3 million MMBtus (millions of British thermal units) and 183.0 million MMBtus, respectively. For the nine months ended September 30, 2017 , we used derivatives to cover approximately 42% of our natural gas consumption. Foreign Currency Exchange Rates A portion of the costs for our capacity expansion projects at our Donaldsonville, Louisiana complex and Port Neal, Iowa complex were euro-denominated. In order to manage our exposure to changes in the euro to U.S. dollar currency exchange rates, we hedged our projected euro-denominated payments through the end of 2016 using foreign currency forward contracts. As of September 30, 2017 , accumulated other comprehensive loss (AOCL) includes $7 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. The remaining balance in AOCL is being reclassified into income over the depreciable lives of the property, plant and equipment associated with the capacity expansion projects. The effect of derivatives in our consolidated statements of operations is shown in the table below. Gain (loss) recognized in income Three months ended Nine months ended Location 2017 2016 2017 2016 (in millions) Natural gas derivatives Cost of sales $ 7 $ (21 ) $ (64 ) $ 169 Foreign exchange contracts Other operating—net — — — (1 ) Unrealized net gains (losses) recognized in income 7 (21 ) (64 ) 168 Realized net losses (11 ) (10 ) (13 ) (125 ) Net derivative (losses) gains $ (4 ) $ (31 ) $ (77 ) $ 43 The fair values of derivatives on our consolidated balance sheets are shown below. As of September 30, 2017 and December 31, 2016 , none of our derivative instruments were designated as hedging instruments. See Note 8—Fair Value Measurements for additional information on derivative fair values. Asset Derivatives Liability Derivatives Balance Sheet Location September 30, December 31, Balance Sheet Location September 30, December 31, (in millions) (in millions) Natural gas derivatives Other current assets $ 1 $ 52 Other current liabilities $ (14 ) $ — Natural gas derivatives Other assets — 4 Other liabilities (1 ) (6 ) Total derivatives $ 1 $ 56 $ (15 ) $ (6 ) Most of our International Swaps and Derivatives Association (ISDA) agreements contain credit-risk-related contingent features such as cross default provisions and credit support thresholds. In the event of certain defaults or a credit ratings downgrade, our counterparty may request early termination and net settlement of certain derivative trades or may require us to collateralize derivatives in a net liability position. The Revolving Credit Agreement, at any time when it is secured, provides a cross collateral feature for those of our derivatives that are with counterparties that are party to, or affiliates of parties to, the Revolving Credit Agreement so that no separate collateral would be required for those counterparties in connection with such derivatives. In the event the Revolving Credit Agreement becomes unsecured, separate collateral could be required in connection with such derivatives. As of September 30, 2017 and December 31, 2016 , the aggregate fair value of the derivative instruments with credit-risk-related contingent features in net liability positions was $15 million and zero , 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 September 30, 2017 , we had $100 thousand of cash collateral on deposit with one of our counterparties for derivative contracts. At December 31, 2016 , we had no cash collateral on deposit with counterparties for derivative contracts. The credit support documents executed in connection with certain of our 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 September 30, 2017 and December 31, 2016 : 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) September 30, 2017 Total derivative assets $ 1 $ 1 $ — $ — Total derivative liabilities (15 ) (1 ) — (14 ) Net derivative liabilities $ (14 ) $ — $ — $ (14 ) December 31, 2016 Total derivative assets $ 56 $ 6 $ — $ 50 Total derivative liabilities (6 ) (6 ) — — Net derivative assets $ 50 $ — $ — $ 50 _______________________________________________________________________________ (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.

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Sep. 30, 2017
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests A reconciliation of the beginning and ending balances of noncontrolling interests and distributions payable to noncontrolling interests in our consolidated balance sheets is provided below. Nine months ended 2017 2016 CFN TNCLP Total CFN TNCLP Total (in millions) Noncontrolling interests: Beginning balance $ 2,806 $ 338 $ 3,144 $ — $ 352 $ 352 Issuance of noncontrolling interest in CFN — — — 2,792 — 2,792 Earnings attributable to noncontrolling interests 40 14 54 67 20 87 Declaration of distributions payable (107 ) (18 ) (125 ) (79 ) (32 ) (111 ) Ending balance $ 2,739 $ 334 $ 3,073 $ 2,780 $ 340 $ 3,120 Distributions payable to noncontrolling interests: Beginning balance $ — $ — $ — $ — $ — $ — Declaration of distributions payable 107 18 125 79 32 111 Distributions to noncontrolling interests (107 ) (18 ) (125 ) (79 ) (32 ) (111 ) Ending balance $ — $ — $ — $ — $ — $ — CF Industries Nitrogen, LLC (CFN) We commenced a strategic venture with CHS on February 1, 2016, at which time CHS purchased a minority equity interest in CFN, a subsidiary of CF Holdings, for $2.8 billion , which represented approximately 11% of the membership interest of CFN. We own the remaining membership interest. Under the terms of CFN's limited liability company agreement, each member’s percentage membership interest will reflect, over time, the impact of the profitability of CFN and any member contributions made to, and distributions received from, CFN. For financial reporting purposes, the assets, liabilities and earnings of the strategic venture are consolidated into our financial statements. CHS' interest in the strategic venture is recorded in noncontrolling interests in our consolidated financial statements. On February 1, 2016, CHS also began receiving deliveries pursuant to a supply agreement under which CHS has the right to purchase annually from CFN up to approximately 1.1 million tons of granular urea and 580,000 tons of UAN at market prices. As a result of its minority equity interest in CFN, CHS is entitled to semi-annual cash distributions from CFN. We are also entitled to semi-annual cash distributions from CFN. The amounts of distributions from CFN to us and CHS are based generally on the profitability of CFN and determined based on the volume of granular urea and UAN sold by CFN to us and CHS pursuant to supply agreements, less a formula driven amount based primarily on the cost of natural gas used to produce the granular urea and UAN, and adjusted for the allocation of items such as operational efficiencies and overhead amounts. Additionally, under the terms of the strategic venture, if our credit rating as determined by two of three specified credit rating agencies is below certain levels, we are required to make a non-refundable yearly payment of $5 million to CHS. In the fourth quarter of 2016, as a result of a reduction in our credit rating, we made a $5 million payment to CHS. The payment will continue on a yearly basis until the earlier of the date that our credit rating is upgraded to or above certain levels by two of the three specified credit rating agencies or February 1, 2026. We recognized this term of the strategic venture as an embedded derivative. As of September 30, 2017 and December 31, 2016, the embedded derivative liability of $30 million and $26 million , respectively, is included in other current liabilities and other liabilities on our consolidated balance sheet. The $4 million charge to reflect the change in fair value for the nine months ended September 30, 2017 is included in other operating—net in our consolidated statement of operations. See Note 8—Fair Value Measurements for additional information. Terra Nitrogen Company, L.P. (TNCLP) TNCLP is a master limited partnership (MLP) that owns a nitrogen fertilizer manufacturing facility in Verdigris, Oklahoma. We own approximately 75.3% of TNCLP through general and limited partnership interests. Outside investors own the remaining approximately 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 interests in our consolidated financial statements. The noncontrolling interest represents the noncontrolling unitholders' interest in the earnings and equity of TNCLP. Affiliates of CF Industries are 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 First Amended and Restated Agreement of Limited Partnership (as amended, the TNCLP Agreement of Limited Partnership). Cash available for distribution (Available Cash) is defined in the TNCLP Agreement of Limited Partnership 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 receivables or 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 TNCLP Agreement of Limited Partnership. In each of the first, second and third quarters of 2017 and 2016 , the minimum quarterly distributions under the TNCLP Agreement of Limited Partnership were satisfied, which entitled Terra Nitrogen GP Inc. (TNGP), the general partner of TNCLP and an indirect wholly owned subsidiary of CF Holdings, to receive incentive distributions on its general partner interests (in addition to minimum quarterly distributions). TNGP has assigned its right to receive such incentive distributions to an affiliate of TNGP that is also an indirect wholly owned subsidiary of CF Holdings. The earnings attributed to our general partner interest in excess of the threshold levels for the nine months ended September 30, 2017 and 2016 , were $19 million and $56 million , respectively. As of September 30, 2017 , TNGP and its affiliates owned approximately 75.1% of TNCLP's outstanding common units. When not more than 25% of TNCLP's issued and outstanding common units are held by persons other than TNGP and its affiliates (collectively, non-affiliated persons), as was the case at September 30, 2017 , TNCLP, at TNGP's sole discretion, may call or assign to TNGP or its affiliates, TNCLP's right to acquire all, but not less than all, such outstanding common units held by non-affiliated persons. If TNGP elects to acquire all outstanding common units, TNCLP is required to give at least 30 but not more than 60 days' notice of TNCLP's decision to purchase the outstanding common units, and the purchase price per unit would 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. 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. 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 January 19, 2017, the Internal Revenue Service (IRS) issued final regulations on the types of income and activities that constitute or generate qualifying income of a MLP. For calendar year MLPs, the effective date of the regulations is January 1, 2018. The regulations have the effect of limiting the types of income and activities that qualify under the MLP rules, subject to certain transition provisions. The regulations define the activities that generate qualifying income from certain processing or refining and transportation activities with respect to any mineral or natural resource (including fertilizer) as activities that generate qualifying income, but the regulations reserve on specifics regarding fertilizer-related activities. We continue to monitor these IRS regulatory activities.

Defined Benefit Pension Plans (

Defined Benefit Pension Plans (Notes)	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [Abstract]
Defined Benefit Pension Plans	14 . Defined Benefit Pension Plans We contributed $75 million to our pension plans during the nine months ended September 30, 2017 , and expect to contribute an additional $6 million , or a total of approximately $81 million for the full year 2017. The contributions include a voluntary contribution of $59 million made to our U.S. pension plan in the second quarter of 2017.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Stockholders' Equity	Changes to accumulated other comprehensive income (loss) 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, 2015 $ (198 ) $ 1 $ 5 $ (58 ) $ (250 ) Loss arising during the period — — — (3 ) (3 ) Effect of exchange rate changes and deferred taxes (20 ) — — — (20 ) Balance as of September 30, 2016 $ (218 ) $ 1 $ 5 $ (61 ) $ (273 ) Balance as of December 31, 2016 $ (272 ) $ 1 $ 5 $ (132 ) $ (398 ) Gain arising during the period — — — 7 7 Reclassification to earnings — — — 1 1 Effect of exchange rate changes and deferred taxes 124 — — (9 ) 115 Balance as of September 30, 2017 $ (148 ) $ 1 $ 5 $ (133 ) $ (275 ) Reclassifications out of accumulated other comprehensive income (loss) to earnings during the three and nine months ended September 30, 2017 and 2016 were as follows: Three months ended Nine months ended 2017 2016 2017 2016 (in millions) Defined Benefit Plans Amortization of prior service (benefit) cost (1) $ (1 ) $ (1 ) $ (1 ) $ (1 ) Amortization of net loss (1) 2 1 2 1 Total before tax 1 — 1 — Tax effect — — — — Net of tax $ 1 $ — $ 1 $ — Total reclassifications for the period $ 1 $ — $ 1 $ — _______________________________________________________________________________ (1) These components are included in the computation of net periodic benefit cost and were reclassified from accumulated other comprehensive income (loss) into cost of sales and selling, general and administrative expenses.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2017
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. Various subsidiaries of CF Industries Holdings, Inc. (the CF Entities) 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, and breach of warranty under Texas law. Although we do not own or operate the facility or directly sell our products to West Fertilizer Co., products that the CF Entities 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. The Court granted in part and denied in part the CF Entities' Motions for Summary Judgment in August 2015. Over one hundred forty cases have been resolved pursuant to confidential settlements that have been or we expect will be fully funded by insurance. The remaining cases are in various stages of discovery and pre-trial proceedings. The next trial is scheduled to begin on January 16, 2018. We believe we have strong legal and factual defenses and intend to continue defending the CF Entities vigorously in the pending lawsuits. The Company cannot provide a range of reasonably possible loss due to the lack of damages discovery for many of the remaining claims and the uncertain nature of this litigation, including uncertainties around the potential allocation of responsibility by a jury to other defendants or responsible third parties. The recognition of a potential loss in the future in the West Fertilizer Co. litigation could negatively affect our results in the period of recognition. However, based upon currently available information, including available insurance coverage, we do not believe that this litigation will have a material adverse effect on our consolidated financial position, results of operations or cash flows. 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. The EPA's approval of the Louisiana air program revision became effective on August 8, 2011. However, a July 2011 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. Since 2011, the area has seen significant reductions in ozone levels, attributable to federal and state regulations and community involvement. On December 15, 2016, the EPA redesignated the Baton Rouge Nonattainment Area as "attainment" with the 2008 8-hour ozone standard. However, based on 2013-2015 air quality monitoring data, the State of Louisiana has recommended that the EPA designate the Baton Rouge area as "non-attainment" pursuant to the updated 2015 8-hour ozone standard. In June 2017, the EPA announced that it was extending the deadline to establish designations under the 2015 ozone standard by one year, from October 1, 2017 to October 1, 2018. Although the EPA later announced that it would comply with the October 1, 2017 deadline, it has not yet issued final air quality designations under the 2015 ozone standard. 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 our Donaldsonville facility. We have completed the submittal of all requested information. There has been no further contact from the EPA regarding this matter. 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. In 2015, we and several other parties received a notice that the U.S. Department of the Interior and other trustees intend to undertake a natural resource damage assessment for a group of former phosphate mines in southeast Idaho, including the former Georgetown Canyon mine. We are not able to estimate at this time our potential liability, if any, with respect to the cleanup of the site or a possible claim for natural resource damages. However, based on currently available information, we do not expect the remedial or financial obligations to which we may be subject involving this or other cleanup sites will have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Segment Disclosures

Segment Disclosures	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Disclosures	Segment Disclosures Our reportable segments consist of ammonia, granular urea, UAN, AN and Other. These segments are differentiated by products. 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 6—Goodwill and Other Intangible Assets . Segment data for sales, cost of sales and gross margin for the three and nine months ended September 30, 2017 and 2016 are presented in the tables below. Ammonia Granular (1) UAN (1) AN (1) Other (1) Consolidated (in millions) Three months ended September 30, 2017 Net sales $ 194 $ 228 $ 243 $ 135 $ 70 $ 870 Cost of sales 204 220 253 123 61 861 Gross margin $ (10 ) $ 8 $ (10 ) $ 12 $ 9 9 Total other operating costs and expenses 43 Equity in losses of operating affiliates (5 ) Operating loss $ (39 ) Three months ended September 30, 2016 Net sales $ 145 $ 167 $ 212 $ 103 $ 53 $ 680 Cost of sales 149 152 218 114 45 678 Gross margin $ (4 ) $ 15 $ (6 ) $ (11 ) $ 8 2 Total other operating costs and expenses 101 Equity in losses of operating affiliates (2 ) Operating loss $ (101 ) Ammonia Granular Urea (1) UAN (1) AN (1) Other (1) Consolidated (in millions) Nine months ended September 30, 2017 Net sales $ 865 $ 725 $ 846 $ 372 $ 223 $ 3,031 Cost of sales 771 668 783 331 191 2,744 Gross margin $ 94 $ 57 $ 63 $ 41 $ 32 287 Total other operating costs and expenses 154 Equity in losses of operating affiliates (8 ) Operating earnings $ 125 Nine months ended September 30, 2016 Net sales $ 770 $ 642 $ 891 $ 318 $ 197 $ 2,818 Cost of sales 505 445 646 316 160 2,072 Gross margin $ 265 $ 197 $ 245 $ 2 $ 37 746 Total other operating costs and expenses 501 Equity in losses of operating affiliates (11 ) Operating earnings $ 234 _______________________________________________________________________________ (1) The cost of the products that are upgraded into other products is transferred at cost into the upgraded product results.

Condensed Consolidating Financi

Condensed Consolidating Financial Statements	9 Months Ended
	Sep. 30, 2017
Condensed Consolidating Financial Statements
Condensed Consolidating Financial Statements	Condensed Consolidating Financial Statements The following condensed consolidating financial information is 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 (i) the senior notes due 2018, 2020, 2023, 2034, 2043 and 2044 (described in Note 11—Financing Agreements and referred to in this report as the Public Senior Notes) issued by CF Industries, Inc. (CF Industries), a 100% owned subsidiary of CF Industries Holdings, Inc. (Parent), and guarantees of the Public Senior Notes by Parent and by CFE and CFS (the Subsidiary Guarantors), which are 100% owned subsidiaries of Parent, and (ii) debt securities of CF Industries (Other Debt Securities), and guarantees thereof by Parent and the Subsidiary Guarantors, that may be offered and sold from time to time under registration statements that may be filed by Parent, CF Industries and the Subsidiary Guarantors with the SEC. In the event that a subsidiary of Parent, other than CF Industries, becomes a borrower or a guarantor under the Revolving Credit Agreement (or any renewal, replacement or refinancing thereof), such subsidiary would be required to become a guarantor of the Public Senior Notes, provided that such requirement will no longer apply with respect to the Public Senior Notes due 2023, 2034, 2043 and 2044 following the repayment of the Public Senior Notes due 2018 and 2020 or the subsidiaries of Parent, other than CF Industries, otherwise becoming no longer subject to such a requirement to guarantee the Public Senior Notes due 2018 and 2020. CFE and CFS became guarantors of the Public Senior Notes as a result of this requirement on November 21, 2016. All of the guarantees of the Public Senior Notes are, and we have assumed for purposes of this presentation of condensed consolidating financial information that the guarantees of any Other Debt Securities would be, full and unconditional (as such term is defined in SEC Regulation S-X Rule 3-10(h)) and joint and several. The guarantee of a Subsidiary Guarantor will be automatically released with respect to a series of the Public Senior Notes (1) upon the release, discharge or termination of such Subsidiary Guarantor’s guarantee of the Revolving Credit Agreement (or any renewal, replacement or refinancing thereof), (2) upon legal defeasance with respect to the Public Senior Notes of such series or satisfaction and discharge of the indenture with respect to such series of Public Senior Notes or (3) in the case of the Public Senior Notes due 2023, 2034, 2043 and 2044, upon the later to occur of (a) the discharge, termination or release of, or the release of such Subsidiary Guarantor from its obligations under, such Subsidiary Guarantor’s guarantee of the Public Senior Notes due 2018, including, without limitation, any such discharge, termination or release as a result of retirement, discharge or legal or covenant defeasance of, or satisfaction and discharge of the supplemental indenture governing, the Public Senior Notes due 2018, and (b) the discharge, termination or release of, or the release of such Subsidiary Guarantor from its obligations under, such Subsidiary Guarantor’s guarantee of the Public Senior Notes due 2020, including, without limitation, any such discharge, termination or release as a result of retirement, discharge or legal or covenant defeasance of, or satisfaction and discharge of the supplemental indenture governing, the Public Senior Notes due 2020. For purposes of the presentation of condensed consolidating financial information, the subsidiaries of Parent other than CF Industries, CFE and CFS are referred to as the Non-Guarantors. Presented below are condensed consolidating statements of operations for Parent, CF Industries, the Subsidiary Guarantors and the Non-Guarantors for the three and nine months ended September 30, 2017 and 2016 , condensed consolidating statements of cash flows for Parent, CF Industries, the Subsidiary Guarantors and the Non-Guarantors for the nine months ended September 30, 2017 and 2016 , and condensed consolidating balance sheets for Parent, CF Industries, the Subsidiary Guarantors and the Non-Guarantors as of September 30, 2017 and December 31, 2016 . To reflect the additional Subsidiary Guarantors that became effective on November 21, 2016, the condensed consolidating statement of operations for the three and nine months ended September 30, 2016 and statement of cash flows for the nine months ended September 30, 2016 have been restated to reflect the separate Subsidiary Guarantors. The condensed consolidating financial information presented below is not necessarily indicative of the financial position, results of operations, comprehensive income or cash flows of Parent, CF Industries, the Subsidiary Guarantors or the Non-Guarantors 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. Two of our consolidated entities have made elections to be taxed as partnerships for U.S. federal income tax purposes and are included in the non-guarantor column. Due to the partnership tax treatment, these subsidiaries do not record taxes on their financial statements. The tax provision pertaining to the income of these partnerships, plus applicable deferred tax balances are reflected on the financial statements of the parent company owner that is included in the subsidiary guarantors column in the following financial information. Liabilities related to benefit plan obligations are reflected on the legal entity that funds the obligation, while the benefit plan expense is included on the legal entity to which the employee provides services. Condensed Consolidating Statement of Operations Three months ended September 30, 2017 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net sales $ — $ 105 $ 661 $ 770 $ (666 ) $ 870 Cost of sales — 62 725 740 (666 ) 861 Gross margin — 43 (64 ) 30 — 9 Selling, general and administrative expenses 1 (2 ) 28 18 — 45 Other operating—net — (6 ) 3 1 — (2 ) Total other operating costs and expenses 1 (8 ) 31 19 — 43 Equity in losses of operating affiliates — — — (5 ) — (5 ) Operating (loss) earnings (1 ) 51 (95 ) 6 — (39 ) Interest expense — 80 11 1 (11 ) 81 Interest income — (8 ) (5 ) (3 ) 11 (5 ) Net loss of wholly owned subsidiaries 86 73 13 — (172 ) — (Loss) earnings before income taxes (87 ) (94 ) (114 ) 8 172 (115 ) Income tax (benefit) provision — (8 ) (44 ) 5 — (47 ) Net (loss) earnings (87 ) (86 ) (70 ) 3 172 (68 ) Less: Net earnings attributable to noncontrolling interests — — — 19 — 19 Net loss attributable to common stockholders $ (87 ) $ (86 ) $ (70 ) $ (16 ) $ 172 $ (87 ) Condensed Consolidating Statement of Comprehensive Income Three months ended September 30, 2017 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net (loss) earnings $ (87 ) $ (86 ) $ (70 ) $ 3 $ 172 $ (68 ) Other comprehensive income 50 49 36 49 (134 ) 50 Comprehensive (loss) income (37 ) (37 ) (34 ) 52 38 (18 ) Less: Comprehensive income attributable to noncontrolling interests — — — 19 — 19 Comprehensive (loss) income attributable to common stockholders $ (37 ) $ (37 ) $ (34 ) $ 33 $ 38 $ (37 ) Condensed Consolidating Statement of Operations Nine months ended September 30, 2017 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net sales $ — $ 306 $ 2,386 $ 2,499 $ (2,160 ) $ 3,031 Cost of sales — 184 2,488 2,232 (2,160 ) 2,744 Gross margin — 122 (102 ) 267 — 287 Selling, general and administrative expenses 3 3 83 51 — 140 Other operating—net — (8 ) 5 17 — 14 Total other operating costs and expenses 3 (5 ) 88 68 — 154 Equity in losses of operating affiliates — — — (8 ) — (8 ) Operating (loss) earnings (3 ) 127 (190 ) 191 — 125 Interest expense — 241 31 4 (35 ) 241 Interest income — (27 ) (7 ) (9 ) 35 (8 ) Net loss (earnings) of wholly owned subsidiaries 105 49 (127 ) — (27 ) — (Loss) earnings before income taxes (108 ) (136 ) (87 ) 196 27 (108 ) Income tax (benefit) provision (1 ) (31 ) (34 ) 11 — (55 ) Net (loss) earnings (107 ) (105 ) (53 ) 185 27 (53 ) Less: Net earnings attributable to noncontrolling interests — — — 54 — 54 Net (loss) earnings attributable to common stockholders $ (107 ) $ (105 ) $ (53 ) $ 131 $ 27 $ (107 ) Condensed Consolidating Statement of Comprehensive Income Nine months ended September 30, 2017 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net (loss) earnings $ (107 ) $ (105 ) $ (53 ) $ 185 $ 27 $ (53 ) Other comprehensive income 123 122 85 117 (324 ) 123 Comprehensive income 16 17 32 302 (297 ) 70 Less: Comprehensive income attributable to noncontrolling interests — — — 54 — 54 Comprehensive income attributable to common stockholders $ 16 $ 17 $ 32 $ 248 $ (297 ) $ 16 Condensed Consolidating Statement of Operations Three months ended September 30, 2016 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net sales $ — $ 81 $ 497 $ 643 $ (541 ) $ 680 Cost of sales — 35 598 586 (541 ) 678 Gross margin — 46 (101 ) 57 — 2 Selling, general and administrative expenses 1 4 26 13 — 44 Other operating—net — 5 22 30 — 57 Total other operating costs and expenses 1 9 48 43 — 101 Equity in losses of operating affiliates — — — (2 ) — (2 ) Operating (loss) earnings (1 ) 37 (149 ) 12 — (101 ) Interest expense — 87 12 (50 ) (18 ) 31 Interest income — (11 ) (1 ) (8 ) 18 (2 ) Net loss (earnings) of wholly owned subsidiaries 39 — (113 ) — 74 — Other non-operating—net — — 1 — — 1 (Loss) earnings before income taxes (40 ) (39 ) (48 ) 70 (74 ) (131 ) Income tax benefit (10 ) — (118 ) (3 ) — (131 ) Net (loss) earnings (30 ) (39 ) 70 73 (74 ) — Less: Net earnings attributable to noncontrolling interest — — — 30 — 30 Net (loss) earnings attributable to common stockholders $ (30 ) $ (39 ) $ 70 $ 43 $ (74 ) $ (30 ) Condensed Consolidating Statement of Comprehensive Income (Loss) Three months ended September 30, 2016 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net (loss) earnings $ (30 ) $ (39 ) $ 70 $ 73 $ (74 ) $ — Other comprehensive loss (30 ) (30 ) (3 ) (20 ) 53 (30 ) Comprehensive (loss) income (60 ) (69 ) 67 53 (21 ) (30 ) Less: Comprehensive income attributable to noncontrolling interest — — — 30 — 30 Comprehensive (loss) income attributable to common stockholders $ (60 ) $ (69 ) $ 67 $ 23 $ (21 ) $ (60 ) Condensed Consolidating Statement of Operations Nine months ended September 30, 2016 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net sales $ — $ 283 $ 2,240 $ 2,152 $ (1,857 ) $ 2,818 Cost of sales — 161 2,079 1,689 (1,857 ) 2,072 Gross margin — 122 161 463 — 746 Selling, general and administrative expenses 3 8 88 42 — 141 Transaction costs (46 ) — 224 1 — 179 Other operating—net — 5 30 146 — 181 Total other operating costs and expenses (43 ) 13 342 189 — 501 Equity in losses of operating affiliates — — — (11 ) — (11 ) Operating earnings (loss) 43 109 (181 ) 263 — 234 Interest expense — 249 73 (126 ) (66 ) 130 Interest income — (43 ) (7 ) (20 ) 66 (4 ) Net earnings of wholly owned subsidiaries (16 ) (76 ) (404 ) — 496 — Other non-operating—net — — 1 (2 ) — (1 ) Earnings (loss) before income taxes 59 (21 ) 156 411 (496 ) 109 Income tax provision (benefit) 16 (37 ) (15 ) 15 — (21 ) Net earnings 43 16 171 396 (496 ) 130 Less: Net earnings attributable to noncontrolling interest — — — 87 — 87 Net earnings attributable to common stockholders $ 43 $ 16 $ 171 $ 309 $ (496 ) $ 43 Condensed Consolidating Statement of Comprehensive Income (Loss) Nine months ended September 30, 2016 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net earnings $ 43 $ 16 $ 171 $ 396 $ (496 ) $ 130 Other comprehensive (loss) income (23 ) (23 ) 4 (20 ) 39 (23 ) Comprehensive income (loss) 20 (7 ) 175 376 (457 ) 107 Less: Comprehensive income attributable to noncontrolling interest — — — 87 — 87 Comprehensive income (loss) attributable to common stockholders $ 20 $ (7 ) $ 175 $ 289 $ (457 ) $ 20 Condensed Consolidating Balance Sheet September 30, 2017 Parent CF Industries Subsidiary Guarantors Non- Guarantors Eliminations and Reclassifications Consolidated (in millions) Assets Current assets: Cash and cash equivalents $ — $ 32 $ 1,619 $ 341 $ — $ 1,992 Accounts and notes receivable—net 17 989 1,733 320 (2,780 ) 279 Inventories — — 164 152 — 316 Deferred income taxes — 15 — — (15 ) — Prepaid income taxes — — 39 3 — 42 Other current assets — — 14 8 — 22 Total current assets 17 1,036 3,569 824 (2,795 ) 2,651 Property, plant and equipment—net — — 122 9,250 — 9,372 Deferred income taxes — — — — — — Investments in affiliates 3,727 9,443 6,436 109 (19,606 ) 109 Due from affiliates 571 — — — (571 ) — Goodwill — — 2,064 305 — 2,369 Other assets — 85 94 512 (335 ) 356 Total assets $ 4,315 $ 10,564 $ 12,285 $ 11,000 $ (23,307 ) $ 14,857 Liabilities and Equity Current liabilities: Accounts and notes payable and accrued expenses $ 1,148 $ 465 $ 1,296 $ 506 $ (2,780 ) $ 635 Income taxes payable — — — 7 — 7 Customer advances — — 92 — — 92 Current portion of long-term debt — 798 — — — 798 Other current liabilities — — 17 2 — 19 Total current liabilities 1,148 1,263 1,405 515 (2,780 ) 1,551 Long-term debt — 4,988 260 76 (336 ) 4,988 Deferred income taxes — — 1,437 170 (15 ) 1,592 Due to affiliates — 571 — — (571 ) — Other liabilities — 15 254 217 — 486 Equity: Stockholders' equity: Preferred stock — — — — — — Common stock 2 — — 4,712 (4,712 ) 2 Paid-in capital 1,392 (13 ) 9,505 1,783 (11,275 ) 1,392 Retained earnings 2,048 4,016 (382 ) 680 (4,314 ) 2,048 Treasury stock — — — — — — Accumulated other comprehensive loss (275 ) (276 ) (186 ) (234 ) 696 (275 ) Total stockholders' equity 3,167 3,727 8,937 6,941 (19,605 ) 3,167 Noncontrolling interests — — (8 ) 3,081 — 3,073 Total equity 3,167 3,727 8,929 10,022 (19,605 ) 6,240 Total liabilities and equity $ 4,315 $ 10,564 $ 12,285 $ 11,000 $ (23,307 ) $ 14,857 Condensed Consolidating Balance Sheet December 31, 2016 Parent CF Industries Subsidiary Guarantors Non- Guarantors Eliminations and Reclassifications Consolidated (in millions) Assets Current assets: Cash and cash equivalents $ — $ 36 $ 878 $ 250 $ — $ 1,164 Restricted cash — — — 5 — 5 Accounts and notes receivable—net 20 1,259 1,418 495 (2,956 ) 236 Inventories — — 164 175 — 339 Prepaid income taxes — — 839 2 — 841 Other current assets — — 59 11 — 70 Total current assets 20 1,295 3,358 938 (2,956 ) 2,655 Property, plant and equipment—net — — 131 9,521 — 9,652 Investments in affiliates 3,711 9,370 6,019 139 (19,100 ) 139 Due from affiliates 571 — — — (571 ) — Goodwill — — 2,064 281 — 2,345 Other assets — 85 101 385 (231 ) 340 Total assets $ 4,302 $ 10,750 $ 11,673 $ 11,264 $ (22,858 ) $ 15,131 Liabilities and Equity Current liabilities: Accounts and notes payable and accrued expenses $ 954 $ 418 $ 1,505 $ 717 $ (2,956 ) $ 638 Income taxes payable — — — 1 — 1 Customer advances — — 42 — — 42 Other current liabilities — — 5 — — 5 Total current liabilities 954 418 1,552 718 (2,956 ) 686 Long-term debt — 5,903 39 67 (231 ) 5,778 Deferred income taxes — 90 1,374 166 — 1,630 Due to affiliates — 571 — — (571 ) — Other liabilities — 59 270 216 — 545 Equity: Stockholders' equity: Preferred stock — — — — — — Common stock 2 — — 4,383 (4,383 ) 2 Paid-in capital 1,380 (13 ) 9,045 2,246 (11,278 ) 1,380 Retained earnings 2,365 4,120 (329 ) 668 (4,459 ) 2,365 Treasury stock (1 ) — — — — (1 ) Accumulated other comprehensive loss (398 ) (398 ) (271 ) (351 ) 1,020 (398 ) Total stockholders' equity 3,348 3,709 8,445 6,946 (19,100 ) 3,348 Noncontrolling interests — — (7 ) 3,151 — 3,144 Total equity 3,348 3,709 8,438 10,097 (19,100 ) 6,492 Total liabilities and equity $ 4,302 $ 10,750 $ 11,673 $ 11,264 $ (22,858 ) $ 15,131 Condensed Consolidating Statement of Cash Flows Nine months ended September 30, 2017 Parent CF Industries Subsidiary Guarantors Non- Guarantors Eliminations Consolidated (in millions) Operating Activities: Net (loss) earnings $ (107 ) $ (105 ) $ (53 ) $ 185 $ 27 $ (53 ) Adjustments to reconcile net (loss) earnings to net cash (used in) provided by operating activities: Depreciation and amortization — 10 16 622 — 648 Deferred income taxes — — (44 ) (10 ) — (54 ) Stock-based compensation expense 13 — — — — 13 Unrealized net loss on natural gas and foreign currency derivatives — — 54 10 — 64 Unrealized loss on embedded derivative — — 4 — — 4 Loss on disposal of property, plant and equipment — — — 3 — 3 Undistributed loss (earnings) of affiliates—net 105 48 (126 ) 7 (27 ) 7 Changes in: Intercompany accounts receivable/accounts payable—net (10 ) (91 ) 92 9 — — Accounts receivable—net — (8 ) (23 ) 2 — (29 ) Inventories — — 1 11 — 12 Accrued and prepaid income taxes (1 ) (30 ) 832 3 — 804 Accounts and notes payable and accrued expenses — 37 (4 ) (28 ) — 5 Customer advances — — 51 — — 51 Other—net — (5 ) (46 ) (23 ) — (74 ) Net cash (used in) provided by operating activities — (144 ) 754 791 — 1,401 Investing Activities: Additions to property, plant and equipment — — (7 ) (283 ) — (290 ) Proceeds from sale of property, plant and equipment — — — 13 — 13 Distributions received from unconsolidated affiliates — — 179 (167 ) — 12 Proceeds from sale of auction rate securities — 9 — — — 9 Withdrawals from restricted cash funds — — — 5 — 5 Net cash provided by (used in) investing activities — 9 172 (432 ) — (251 ) Financing Activities: Long-term debt—net — (126 ) 215 (89 ) — — Short-term debt—net 209 258 (473 ) 6 — — Financing fees — (1 ) — — — (1 ) Dividends paid on common stock (210 ) — — (73 ) 73 (210 ) Dividends to/from affiliates — — 73 — (73 ) — Distributions to noncontrolling interests — — — (125 ) — (125 ) Issuances of common stock under employee stock plans 1 — — — — 1 Net cash provided by (used in) financing activities — 131 (185 ) (281 ) — (335 ) Effect of exchange rate changes on cash and cash equivalents — — — 13 — 13 (Decrease) increase in cash and cash equivalents — (4 ) 741 91 — 828 Cash and cash equivalents at beginning of period — 36 878 250 — 1,164 Cash and cash equivalents at end of period $ — $ 32 $ 1,619 $ 341 $ — $ 1,992 Condensed Consolidating Statement of Cash Flows Nine months ended September 30, 2016 Parent CF Industries Subsidiary Guarantors Non- Guarantors Eliminations Consolidated (in millions) Operating Activities: Net earnings $ 43 $ 16 $ 171 $ 396 $ (496 ) $ 130 Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: Depreciation and amortization — 4 50 421 — 475 Deferred income taxes — 29 706 (5 ) — 730 Stock-based compensation expense 14 — — 1 — 15 Unrealized net gain on natural gas and foreign currency derivatives — — (147 ) (22 ) — (169 ) Unrealized loss on embedded derivative — — 22 — — 22 Loss on disposal of property, plant and equipment — — 2 6 — 8 Undistributed (earnings) losses of affiliates—net (16 ) (76 ) (404 ) — 496 — Changes in: Intercompany accounts receivable/accounts payable—net (31 ) 133 192 (294 ) — — Accounts receivable—net — 45 5 5 — 55 Inventories — — (16 ) 12 — (4 ) Accrued and prepaid income taxes — — (649 ) (16 ) — (665 ) Accounts and notes payable and accrued expenses (9 ) (23 ) (46 ) 71 — (7 ) Customer advances — — (75 ) — — (75 ) Other—net — (1 ) (9 ) 86 — 76 Net cash provided by (used in) operating activities 1 127 (198 ) 661 — 591 Investing Activities: Additions to property, plant and equipment — — (19 ) (1,800 ) — (1,819 ) Proceeds from sale of property, plant and equipment — — 4 4 — 8 Withdrawals from restricted cash funds — — — 16 — 16 Other—net — — (650 ) 4 650 4 Net cash used in investing activities — — (665 ) (1,776 ) 650 (1,791 ) Financing Activities: Short-term debt—net 68 (112 ) (186 ) 230 — — Proceeds from short-term debt — 150 — — — 150 Payments on short-term debt — (150 ) — — — (150 ) Financing fees — (11 ) — — — (11 ) Dividends paid on common stock (209 ) (140 ) (140 ) (176 ) 456 (209 ) Dividends to/from affiliates 140 140 176 — (456 ) — Issuance of noncontrolling interest in CFN — — — 2,800 — 2,800 Distributions to noncontrolling interest — — — (111 ) — (111 ) Distribution received for CHS strategic venture — — 2,000 (2,000 ) — — Other—net — — — 650 (650 ) — Net cash (used in) provided by financing activities (1 ) (123 ) 1,850 1,393 (650 ) 2,469 Effect of exchange rate changes on cash and cash equivalents — — — (1 ) — (1 ) Increase in cash and cash equivalents — 4 987 277 — 1,268 Cash and cash equivalents at beginning of period 1 — 121 164 — 286 Cash and cash equivalents at end of period $ 1 $ 4 $ 1,108 $ 441 $ — $ 1,554

Subsequent Event (Notes)

Subsequent Event (Notes)	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Event [Text Block]	Subsequent Event On October 30, 2017, we announced that our wholly owned subsidiary CF Industries, Inc. elected to redeem in full the entire outstanding $800 million principal amount of the 6.875% senior notes (the Notes) due May 2018, in accordance with the optional redemption provisions provided in the indenture governing the Notes. We estimate, based on market interest rates on October 30, 2017, the total amount for the redemption of the Notes will be approximately $817 million . The Notes will be redeemed on December 1, 2017. See Note 11—Financing Agreements for additional information.

Net Earnings Per Share (Tables)

Net Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Summary of net earnings per share	Net (loss) earnings per share were computed as follows: Three months ended Nine months ended 2017 2016 2017 2016 (in millions, except per share amounts) Net (loss) earnings attributable to common stockholders $ (87 ) $ (30 ) $ (107 ) $ 43 Basic earnings per common share: Weighted-average common shares outstanding 233.2 233.1 233.2 233.2 Net (loss) earnings attributable to common stockholders $ (0.37 ) $ (0.13 ) $ (0.46 ) $ 0.19 Diluted earnings per common share: Weighted-average common shares outstanding 233.2 233.1 233.2 233.2 Dilutive common shares—stock options — — — 0.3 Diluted weighted-average shares outstanding 233.2 233.1 233.2 233.5 Net (loss) earnings attributable to common stockholders $ (0.37 ) $ (0.13 ) $ (0.46 ) $ 0.19

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following: September 30, December 31, (in millions) Finished goods $ 277 $ 279 Raw materials, spare parts and supplies 39 60 Total inventories $ 316 $ 339

Property, Plant and Equipment30

Property, Plant and Equipment-Net (Tables)	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment, Net [Abstract]
Components of property, plant and equipment-net	Property, plant and equipment—net consists of the following: September 30, December 31, (in millions) Land $ 70 $ 69 Machinery and equipment 12,058 11,664 Buildings and improvements 882 878 Construction in progress 248 280 Property, plant and equipment (1) 13,258 12,891 Less: Accumulated depreciation and amortization 3,886 3,239 Property, plant and equipment—net $ 9,372 $ 9,652 _______________________________________________________________________________ (1) As of September 30, 2017 and December 31, 2016 , we had property, plant and equipment that was accrued but unpaid of approximately $204 million and $225 million , respectively. These amounts included accruals related to our capacity expansion projects of $158 million and $185 million as of September 30, 2017 and December 31, 2016 , respectively. As of September 30, 2016 and December 31, 2015, we had property, plant and equipment that was accrued but unpaid of $426 million and $543 million , respectively. Depreciation and amortization related to property, plant and equipment was $217 million and $622 million for the three and nine months ended September 30, 2017 , respectively, and $139 million and $425 million for the three and nine months ended September 30, 2016 , respectively.
Summary of plant turnaround activity	The following is a summary of capitalized plant turnaround costs: Nine months ended 2017 2016 (in millions) Net capitalized turnaround costs: Beginning balance $ 206 $ 220 Additions 83 60 Depreciation (75 ) (66 ) Effect of exchange rate changes 5 2 Ending balance $ 219 $ 216

Goodwill and Other Intangible31

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2017
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 reportable segment as of September 30, 2017 and December 31, 2016 : Ammonia Granular Urea UAN AN Other Total (in millions) Balance as of December 31, 2016 $ 585 $ 828 $ 576 $ 286 $ 70 $ 2,345 Effect of exchange rate changes 2 1 — 18 3 24 Balance as of September 30, 2017 $ 587 $ 829 $ 576 $ 304 $ 73 $ 2,369
Schedule of the identifiable intangibles and their carrying values presented in other noncurrent assets on consolidated balance sheet	All of our identifiable intangible assets have definite lives and are presented in other assets on our consolidated balance sheets at gross carrying amount, net of accumulated amortization, as follows: September 30, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net (in millions) Intangible assets: Customer relationships $ 131 $ (30 ) $ 101 $ 125 $ (24 ) $ 101 TerraCair brand 10 (10 ) — 10 (10 ) — Trade names 32 (3 ) 29 29 (2 ) 27 Total intangible assets $ 173 $ (43 ) $ 130 $ 164 $ (36 ) $ 128
Schedule of estimated future amortization expense	Total estimated amortization expense for the remainder of 2017 and each of the five succeeding fiscal years is as follows: Estimated Amortization Expense (in millions) Remainder of 2017 $ 2 2018 8 2019 8 2020 8 2021 8 2022 8

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
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: September 30, 2017 Cost Basis Unrealized Gains Unrealized Losses Fair Value (in millions) Cash $ 115 $ — $ — $ 115 Cash equivalents: U.S. and Canadian government obligations 1,865 — — 1,865 Other debt securities 12 — — 12 Total cash and cash equivalents $ 1,992 $ — $ — $ 1,992 Nonqualified employee benefit trusts 17 2 — 19 December 31, 2016 Cost Basis Unrealized Gains Unrealized Losses Fair Value (in millions) Cash $ 89 $ — $ — $ 89 Cash equivalents: U.S. and Canadian government obligations 1,075 — — 1,075 Total cash and cash equivalents $ 1,164 $ — $ — $ 1,164 Restricted cash 5 — — 5 Nonqualified employee benefit trusts 18 1 — 19
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 September 30, 2017 and December 31, 2016 that are recognized at fair value on a recurring basis, and indicate the fair value hierarchy utilized to determine such fair value: September 30, 2017 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 $ 1,877 $ 1,877 $ — $ — Nonqualified employee benefit trusts 19 19 — — Derivative assets 1 — 1 — Derivative liabilities (15 ) — (15 ) — Embedded derivative liability (30 ) — (30 ) — December 31, 2016 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 $ 1,075 $ 1,075 $ — $ — Restricted cash 5 5 — — Nonqualified employee benefit trusts 19 19 — — Derivative assets 56 — 56 — Derivative liabilities (6 ) — (6 ) — Embedded derivative liability (26 ) — (26 ) —
Schedule of carrying amounts and estimated fair values of financial instruments	The carrying amount and estimated fair value of our financial instruments are as follows: September 30, 2017 December 31, 2016 Carrying Amount Fair Value Carrying Amount Fair Value (in millions) Long-term debt $ 5,786 $ 5,916 $ 5,778 $ 5,506

Interest Expense (Tables)

Interest Expense (Tables)	9 Months Ended
	Sep. 30, 2017
Interest Expense [Abstract]
Schedule of interest expense	Details of interest expense are as follows: Three months ended Nine months ended 2017 2016 2017 2016 (in millions) Interest on borrowings (1) $ 76 $ 76 $ 228 $ 227 Fees on financing agreements (1)(2)(3) 5 6 13 42 Interest on tax liabilities 1 2 2 3 Interest capitalized (4) (1 ) (53 ) (2 ) (142 ) Total interest expense $ 81 $ 31 $ 241 $ 130 _______________________________________________________________________________ (1) See Note 11—Financing Agreements for additional information. (2) Fees on financing agreements for the nine months ended September 30, 2016 includes $28 million of fees related to the termination of the tranche B commitment under the bridge credit agreement as a result of the termination of an agreement to combine between CF Holdings and OCI N.V. (3) Fees on financing agreements for both the three and nine months ended September 30, 2016 includes $2 million of accelerated amortization of deferred fees related to a July 2016 amendment to our revolving credit facility, which reduced the facility to $1.5 billion from $2.0 billion . (4) For the three and nine months ended September 30, 2016 , amounts include interest capitalized for our capacity expansion projects, which were completed as of December 31, 2016.

Financing Agreements (Tables)

Financing Agreements (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Components of long-term debt	Long-term debt presented on our consolidated balance sheets as of September 30, 2017 and December 31, 2016 consisted of the following Public Senior Notes (unsecured) and Senior Secured Notes: Effective Interest Rate September 30, December 31, Principal Carrying Amount (1) Principal Carrying Amount (1) (in millions) Public Senior Notes: 6.875% due May 2018 7.344% $ 800 $ 798 $ 800 $ 795 7.125% due May 2020 7.529% 800 792 800 791 3.450% due June 2023 3.562% 750 746 750 745 5.150% due March 2034 5.279% 750 739 750 739 4.950% due June 2043 5.031% 750 741 750 741 5.375% due March 2044 5.465% 750 741 750 741 Senior Secured Notes: 3.400% due December 2021 3.782% 500 493 500 491 4.500% due December 2026 4.759% 750 736 750 735 Total long-term debt $ 5,850 $ 5,786 $ 5,850 $ 5,778 Less: Current portion 800 798 — — Long-term debt $ 5,050 $ 4,988 $ 5,850 $ 5,778 _______________________________________________________________________________ (1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discount was $12 million as of both September 30, 2017 and December 31, 2016 , and total deferred debt issuance costs were $52 million and $60 million as of September 30, 2017 and December 31, 2016 , respectively.

Derivative Financial Instrume35

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of effect of derivatives in the consolidated statements of operations	The effect of derivatives in our consolidated statements of operations is shown in the table below. Gain (loss) recognized in income Three months ended Nine months ended Location 2017 2016 2017 2016 (in millions) Natural gas derivatives Cost of sales $ 7 $ (21 ) $ (64 ) $ 169 Foreign exchange contracts Other operating—net — — — (1 ) Unrealized net gains (losses) recognized in income 7 (21 ) (64 ) 168 Realized net losses (11 ) (10 ) (13 ) (125 ) Net derivative (losses) gains $ (4 ) $ (31 ) $ (77 ) $ 43
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 September 30, 2017 and December 31, 2016 , none of our derivative instruments were designated as hedging instruments. See Note 8—Fair Value Measurements for additional information on derivative fair values. Asset Derivatives Liability Derivatives Balance Sheet Location September 30, December 31, Balance Sheet Location September 30, December 31, (in millions) (in millions) Natural gas derivatives Other current assets $ 1 $ 52 Other current liabilities $ (14 ) $ — Natural gas derivatives Other assets — 4 Other liabilities (1 ) (6 ) Total derivatives $ 1 $ 56 $ (15 ) $ (6 )
Schedule of amounts relevant to offsetting of derivative assets	The following table presents amounts relevant to offsetting of our derivative assets and liabilities as of September 30, 2017 and December 31, 2016 : 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) September 30, 2017 Total derivative assets $ 1 $ 1 $ — $ — Total derivative liabilities (15 ) (1 ) — (14 ) Net derivative liabilities $ (14 ) $ — $ — $ (14 ) December 31, 2016 Total derivative assets $ 56 $ 6 $ — $ 50 Total derivative liabilities (6 ) (6 ) — — Net derivative assets $ 50 $ — $ — $ 50 _______________________________________________________________________________ (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.
Schedule of amounts relevant to offsetting of derivative liabilities	The following table presents amounts relevant to offsetting of our derivative assets and liabilities as of September 30, 2017 and December 31, 2016 : 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) September 30, 2017 Total derivative assets $ 1 $ 1 $ — $ — Total derivative liabilities (15 ) (1 ) — (14 ) Net derivative liabilities $ (14 ) $ — $ — $ (14 ) December 31, 2016 Total derivative assets $ 56 $ 6 $ — $ 50 Total derivative liabilities (6 ) (6 ) — — Net derivative assets $ 50 $ — $ — $ 50 _______________________________________________________________________________ (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.

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	9 Months Ended
	Sep. 30, 2017
Noncontrolling Interest [Abstract]
Noncontrolling Interests	A reconciliation of the beginning and ending balances of noncontrolling interests and distributions payable to noncontrolling interests in our consolidated balance sheets is provided below. Nine months ended 2017 2016 CFN TNCLP Total CFN TNCLP Total (in millions) Noncontrolling interests: Beginning balance $ 2,806 $ 338 $ 3,144 $ — $ 352 $ 352 Issuance of noncontrolling interest in CFN — — — 2,792 — 2,792 Earnings attributable to noncontrolling interests 40 14 54 67 20 87 Declaration of distributions payable (107 ) (18 ) (125 ) (79 ) (32 ) (111 ) Ending balance $ 2,739 $ 334 $ 3,073 $ 2,780 $ 340 $ 3,120 Distributions payable to noncontrolling interests: Beginning balance $ — $ — $ — $ — $ — $ — Declaration of distributions payable 107 18 125 79 32 111 Distributions to noncontrolling interests (107 ) (18 ) (125 ) (79 ) (32 ) (111 ) Ending balance $ — $ — $ — $ — $ — $ —

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Schedule of changes to AOCI	Changes to accumulated other comprehensive income (loss) 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, 2015 $ (198 ) $ 1 $ 5 $ (58 ) $ (250 ) Loss arising during the period — — — (3 ) (3 ) Effect of exchange rate changes and deferred taxes (20 ) — — — (20 ) Balance as of September 30, 2016 $ (218 ) $ 1 $ 5 $ (61 ) $ (273 ) Balance as of December 31, 2016 $ (272 ) $ 1 $ 5 $ (132 ) $ (398 ) Gain arising during the period — — — 7 7 Reclassification to earnings — — — 1 1 Effect of exchange rate changes and deferred taxes 124 — — (9 ) 115 Balance as of September 30, 2017 $ (148 ) $ 1 $ 5 $ (133 ) $ (275 )
Schedule of reclassifications out of AOCI	Three months ended Nine months ended 2017 2016 2017 2016 (in millions) Defined Benefit Plans Amortization of prior service (benefit) cost (1) $ (1 ) $ (1 ) $ (1 ) $ (1 ) Amortization of net loss (1) 2 1 2 1 Total before tax 1 — 1 — Tax effect — — — — Net of tax $ 1 $ — $ 1 $ — Total reclassifications for the period $ 1 $ — $ 1 $ —

Segment Disclosures (Tables)

Segment Disclosures (Tables)	9 Months Ended
	Sep. 30, 2017
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 nine months ended September 30, 2017 and 2016 are presented in the tables below. Ammonia Granular (1) UAN (1) AN (1) Other (1) Consolidated (in millions) Three months ended September 30, 2017 Net sales $ 194 $ 228 $ 243 $ 135 $ 70 $ 870 Cost of sales 204 220 253 123 61 861 Gross margin $ (10 ) $ 8 $ (10 ) $ 12 $ 9 9 Total other operating costs and expenses 43 Equity in losses of operating affiliates (5 ) Operating loss $ (39 ) Three months ended September 30, 2016 Net sales $ 145 $ 167 $ 212 $ 103 $ 53 $ 680 Cost of sales 149 152 218 114 45 678 Gross margin $ (4 ) $ 15 $ (6 ) $ (11 ) $ 8 2 Total other operating costs and expenses 101 Equity in losses of operating affiliates (2 ) Operating loss $ (101 ) Ammonia Granular Urea (1) UAN (1) AN (1) Other (1) Consolidated (in millions) Nine months ended September 30, 2017 Net sales $ 865 $ 725 $ 846 $ 372 $ 223 $ 3,031 Cost of sales 771 668 783 331 191 2,744 Gross margin $ 94 $ 57 $ 63 $ 41 $ 32 287 Total other operating costs and expenses 154 Equity in losses of operating affiliates (8 ) Operating earnings $ 125 Nine months ended September 30, 2016 Net sales $ 770 $ 642 $ 891 $ 318 $ 197 $ 2,818 Cost of sales 505 445 646 316 160 2,072 Gross margin $ 265 $ 197 $ 245 $ 2 $ 37 746 Total other operating costs and expenses 501 Equity in losses of operating affiliates (11 ) Operating earnings $ 234 _______________________________________________________________________________ (1) The cost of the products that are upgraded into other products is transferred at cost into the upgraded product results.

Condensed Consolidating Finan39

Condensed Consolidating Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2017
Condensed Consolidating Financial Statements
Schedule of Condensed Consolidating Statements of Operations	Condensed Consolidating Statement of Operations Three months ended September 30, 2016 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net sales $ — $ 81 $ 497 $ 643 $ (541 ) $ 680 Cost of sales — 35 598 586 (541 ) 678 Gross margin — 46 (101 ) 57 — 2 Selling, general and administrative expenses 1 4 26 13 — 44 Other operating—net — 5 22 30 — 57 Total other operating costs and expenses 1 9 48 43 — 101 Equity in losses of operating affiliates — — — (2 ) — (2 ) Operating (loss) earnings (1 ) 37 (149 ) 12 — (101 ) Interest expense — 87 12 (50 ) (18 ) 31 Interest income — (11 ) (1 ) (8 ) 18 (2 ) Net loss (earnings) of wholly owned subsidiaries 39 — (113 ) — 74 — Other non-operating—net — — 1 — — 1 (Loss) earnings before income taxes (40 ) (39 ) (48 ) 70 (74 ) (131 ) Income tax benefit (10 ) — (118 ) (3 ) — (131 ) Net (loss) earnings (30 ) (39 ) 70 73 (74 ) — Less: Net earnings attributable to noncontrolling interest — — — 30 — 30 Net (loss) earnings attributable to common stockholders $ (30 ) $ (39 ) $ 70 $ 43 $ (74 ) $ (30 ) Condensed Consolidating Statement of Operations Three months ended September 30, 2017 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net sales $ — $ 105 $ 661 $ 770 $ (666 ) $ 870 Cost of sales — 62 725 740 (666 ) 861 Gross margin — 43 (64 ) 30 — 9 Selling, general and administrative expenses 1 (2 ) 28 18 — 45 Other operating—net — (6 ) 3 1 — (2 ) Total other operating costs and expenses 1 (8 ) 31 19 — 43 Equity in losses of operating affiliates — — — (5 ) — (5 ) Operating (loss) earnings (1 ) 51 (95 ) 6 — (39 ) Interest expense — 80 11 1 (11 ) 81 Interest income — (8 ) (5 ) (3 ) 11 (5 ) Net loss of wholly owned subsidiaries 86 73 13 — (172 ) — (Loss) earnings before income taxes (87 ) (94 ) (114 ) 8 172 (115 ) Income tax (benefit) provision — (8 ) (44 ) 5 — (47 ) Net (loss) earnings (87 ) (86 ) (70 ) 3 172 (68 ) Less: Net earnings attributable to noncontrolling interests — — — 19 — 19 Net loss attributable to common stockholders $ (87 ) $ (86 ) $ (70 ) $ (16 ) $ 172 $ (87 )
Schedule of Condensed Consolidating Statements of Comprehensive Income	Condensed Consolidating Statement of Comprehensive Income (Loss) Three months ended September 30, 2016 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net (loss) earnings $ (30 ) $ (39 ) $ 70 $ 73 $ (74 ) $ — Other comprehensive loss (30 ) (30 ) (3 ) (20 ) 53 (30 ) Comprehensive (loss) income (60 ) (69 ) 67 53 (21 ) (30 ) Less: Comprehensive income attributable to noncontrolling interest — — — 30 — 30 Comprehensive (loss) income attributable to common stockholders $ (60 ) $ (69 ) $ 67 $ 23 $ (21 ) $ (60 ) Condensed Consolidating Statement of Comprehensive Income Three months ended September 30, 2017 Parent CF Industries Subsidiary Guarantors Non-Guarantors Eliminations Consolidated (in millions) Net (loss) earnings $ (87 ) $ (86 ) $ (70 ) $ 3 $ 172 $ (68 ) Other comprehensive income 50 49 36 49 (134 ) 50 Comprehensive (loss) income (37 ) (37 ) (34 ) 52 38 (18 ) Less: Comprehensive income attributable to noncontrolling interests — — — 19 — 19 Comprehensive (loss) income attributable to common stockholders $ (37 ) $ (37 ) $ (34 ) $ 33 $ 38 $ (37 )
Schedule of Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheet September 30, 2017 Parent CF Industries Subsidiary Guarantors Non- Guarantors Eliminations and Reclassifications Consolidated (in millions) Assets Current assets: Cash and cash equivalents $ — $ 32 $ 1,619 $ 341 $ — $ 1,992 Accounts and notes receivable—net 17 989 1,733 320 (2,780 ) 279 Inventories — — 164 152 — 316 Deferred income taxes — 15 — — (15 ) — Prepaid income taxes — — 39 3 — 42 Other current assets — — 14 8 — 22 Total current assets 17 1,036 3,569 824 (2,795 ) 2,651 Property, plant and equipment—net — — 122 9,250 — 9,372 Deferred income taxes — — — — — — Investments in affiliates 3,727 9,443 6,436 109 (19,606 ) 109 Due from affiliates 571 — — — (571 ) — Goodwill — — 2,064 305 — 2,369 Other assets — 85 94 512 (335 ) 356 Total assets $ 4,315 $ 10,564 $ 12,285 $ 11,000 $ (23,307 ) $ 14,857 Liabilities and Equity Current liabilities: Accounts and notes payable and accrued expenses $ 1,148 $ 465 $ 1,296 $ 506 $ (2,780 ) $ 635 Income taxes payable — — — 7 — 7 Customer advances — — 92 — — 92 Current portion of long-term debt — 798 — — — 798 Other current liabilities — — 17 2 — 19 Total current liabilities 1,148 1,263 1,405 515 (2,780 ) 1,551 Long-term debt — 4,988 260 76 (336 ) 4,988 Deferred income taxes — — 1,437 170 (15 ) 1,592 Due to affiliates — 571 — — (571 ) — Other liabilities — 15 254 217 — 486 Equity: Stockholders' equity: Preferred stock — — — — — — Common stock 2 — — 4,712 (4,712 ) 2 Paid-in capital 1,392 (13 ) 9,505 1,783 (11,275 ) 1,392 Retained earnings 2,048 4,016 (382 ) 680 (4,314 ) 2,048 Treasury stock — — — — — — Accumulated other comprehensive loss (275 ) (276 ) (186 ) (234 ) 696 (275 ) Total stockholders' equity 3,167 3,727 8,937 6,941 (19,605 ) 3,167 Noncontrolling interests — — (8 ) 3,081 — 3,073 Total equity 3,167 3,727 8,929 10,022 (19,605 ) 6,240 Total liabilities and equity $ 4,315 $ 10,564 $ 12,285 $ 11,000 $ (23,307 ) $ 14,857 Condensed Consolidating Balance Sheet December 31, 2016 Parent CF Industries Subsidiary Guarantors Non- Guarantors Eliminations and Reclassifications Consolidated (in millions) Assets Current assets: Cash and cash equivalents $ — $ 36 $ 878 $ 250 $ — $ 1,164 Restricted cash — — — 5 — 5 Accounts and notes receivable—net 20 1,259 1,418 495 (2,956 ) 236 Inventories — — 164 175 — 339 Prepaid income taxes — — 839 2 — 841 Other current assets — — 59 11 — 70 Total current assets 20 1,295 3,358 938 (2,956 ) 2,655 Property, plant and equipment—net — — 131 9,521 — 9,652 Investments in affiliates 3,711 9,370 6,019 139 (19,100 ) 139 Due from affiliates 571 — — — (571 ) — Goodwill — — 2,064 281 — 2,345 Other assets — 85 101 385 (231 ) 340 Total assets $ 4,302 $ 10,750 $ 11,673 $ 11,264 $ (22,858 ) $ 15,131 Liabilities and Equity Current liabilities: Accounts and notes payable and accrued expenses $ 954 $ 418 $ 1,505 $ 717 $ (2,956 ) $ 638 Income taxes payable — — — 1 — 1 Customer advances — — 42 — — 42 Other current liabilities — — 5 — — 5 Total current liabilities 954 418 1,552 718 (2,956 ) 686 Long-term debt — 5,903 39 67 (231 ) 5,778 Deferred income taxes — 90 1,374 166 — 1,630 Due to affiliates — 571 — — (571 ) — Other liabilities — 59 270 216 — 545 Equity: Stockholders' equity: Preferred stock — — — — — — Common stock 2 — — 4,383 (4,383 ) 2 Paid-in capital 1,380 (13 ) 9,045 2,246 (11,278 ) 1,380 Retained earnings 2,365 4,120 (329 ) 668 (4,459 ) 2,365 Treasury stock (1 ) — — — — (1 ) Accumulated other comprehensive loss (398 ) (398 ) (271 ) (351 ) 1,020 (398 ) Total stockholders' equity 3,348 3,709 8,445 6,946 (19,100 ) 3,348 Noncontrolling interests — — (7 ) 3,151 — 3,144 Total equity 3,348 3,709 8,438 10,097 (19,100 ) 6,492 Total liabilities and equity $ 4,302 $ 10,750 $ 11,673 $ 11,264 $ (22,858 ) $ 15,131
Schedule of Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statement of Cash Flows Nine months ended September 30, 2017 Parent CF Industries Subsidiary Guarantors Non- Guarantors Eliminations Consolidated (in millions) Operating Activities: Net (loss) earnings $ (107 ) $ (105 ) $ (53 ) $ 185 $ 27 $ (53 ) Adjustments to reconcile net (loss) earnings to net cash (used in) provided by operating activities: Depreciation and amortization — 10 16 622 — 648 Deferred income taxes — — (44 ) (10 ) — (54 ) Stock-based compensation expense 13 — — — — 13 Unrealized net loss on natural gas and foreign currency derivatives — — 54 10 — 64 Unrealized loss on embedded derivative — — 4 — — 4 Loss on disposal of property, plant and equipment — — — 3 — 3 Undistributed loss (earnings) of affiliates—net 105 48 (126 ) 7 (27 ) 7 Changes in: Intercompany accounts receivable/accounts payable—net (10 ) (91 ) 92 9 — — Accounts receivable—net — (8 ) (23 ) 2 — (29 ) Inventories — — 1 11 — 12 Accrued and prepaid income taxes (1 ) (30 ) 832 3 — 804 Accounts and notes payable and accrued expenses — 37 (4 ) (28 ) — 5 Customer advances — — 51 — — 51 Other—net — (5 ) (46 ) (23 ) — (74 ) Net cash (used in) provided by operating activities — (144 ) 754 791 — 1,401 Investing Activities: Additions to property, plant and equipment — — (7 ) (283 ) — (290 ) Proceeds from sale of property, plant and equipment — — — 13 — 13 Distributions received from unconsolidated affiliates — — 179 (167 ) — 12 Proceeds from sale of auction rate securities — 9 — — — 9 Withdrawals from restricted cash funds — — — 5 — 5 Net cash provided by (used in) investing activities — 9 172 (432 ) — (251 ) Financing Activities: Long-term debt—net — (126 ) 215 (89 ) — — Short-term debt—net 209 258 (473 ) 6 — — Financing fees — (1 ) — — — (1 ) Dividends paid on common stock (210 ) — — (73 ) 73 (210 ) Dividends to/from affiliates — — 73 — (73 ) — Distributions to noncontrolling interests — — — (125 ) — (125 ) Issuances of common stock under employee stock plans 1 — — — — 1 Net cash provided by (used in) financing activities — 131 (185 ) (281 ) — (335 ) Effect of exchange rate changes on cash and cash equivalents — — — 13 — 13 (Decrease) increase in cash and cash equivalents — (4 ) 741 91 — 828 Cash and cash equivalents at beginning of period — 36 878 250 — 1,164 Cash and cash equivalents at end of period $ — $ 32 $ 1,619 $ 341 $ — $ 1,992 Condensed Consolidating Statement of Cash Flows Nine months ended September 30, 2016 Parent CF Industries Subsidiary Guarantors Non- Guarantors Eliminations Consolidated (in millions) Operating Activities: Net earnings $ 43 $ 16 $ 171 $ 396 $ (496 ) $ 130 Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: Depreciation and amortization — 4 50 421 — 475 Deferred income taxes — 29 706 (5 ) — 730 Stock-based compensation expense 14 — — 1 — 15 Unrealized net gain on natural gas and foreign currency derivatives — — (147 ) (22 ) — (169 ) Unrealized loss on embedded derivative — — 22 — — 22 Loss on disposal of property, plant and equipment — — 2 6 — 8 Undistributed (earnings) losses of affiliates—net (16 ) (76 ) (404 ) — 496 — Changes in: Intercompany accounts receivable/accounts payable—net (31 ) 133 192 (294 ) — — Accounts receivable—net — 45 5 5 — 55 Inventories — — (16 ) 12 — (4 ) Accrued and prepaid income taxes — — (649 ) (16 ) — (665 ) Accounts and notes payable and accrued expenses (9 ) (23 ) (46 ) 71 — (7 ) Customer advances — — (75 ) — — (75 ) Other—net — (1 ) (9 ) 86 — 76 Net cash provided by (used in) operating activities 1 127 (198 ) 661 — 591 Investing Activities: Additions to property, plant and equipment — — (19 ) (1,800 ) — (1,819 ) Proceeds from sale of property, plant and equipment — — 4 4 — 8 Withdrawals from restricted cash funds — — — 16 — 16 Other—net — — (650 ) 4 650 4 Net cash used in investing activities — — (665 ) (1,776 ) 650 (1,791 ) Financing Activities: Short-term debt—net 68 (112 ) (186 ) 230 — — Proceeds from short-term debt — 150 — — — 150 Payments on short-term debt — (150 ) — — — (150 ) Financing fees — (11 ) — — — (11 ) Dividends paid on common stock (209 ) (140 ) (140 ) (176 ) 456 (209 ) Dividends to/from affiliates 140 140 176 — (456 ) — Issuance of noncontrolling interest in CFN — — — 2,800 — 2,800 Distributions to noncontrolling interest — — — (111 ) — (111 ) Distribution received for CHS strategic venture — — 2,000 (2,000 ) — — Other—net — — — 650 (650 ) — Net cash (used in) provided by financing activities (1 ) (123 ) 1,850 1,393 (650 ) 2,469 Effect of exchange rate changes on cash and cash equivalents — — — (1 ) — (1 ) Increase in cash and cash equivalents — 4 987 277 — 1,268 Cash and cash equivalents at beginning of period 1 — 121 164 — 286 Cash and cash equivalents at end of period $ 1 $ 4 $ 1,108 $ 441 $ — $ 1,554

Net Earnings Per Share (Details

Net Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net (loss) earnings attributable to common stockholders	$ (87)	$ (30)	$ (107)	$ 43
Basic earnings per common share:
Weighted-average common shares outstanding	233.2	233.1	233.2	233.2
Net (loss) earnings attributable to common stockholders (in dollars per share)	$ (0.37)	$ (0.13)	$ (0.46)	$ 0.19
Diluted earnings per common share:
Weighted-average common shares outstanding	233.2	233.1	233.2	233.2
Dilutive common shares—stock options (in shares)	0	0	0	0.3
Diluted weighted-average shares outstanding	233.2	233.1	233.2	233.5
Net (loss) earnings attributable to common stockholders diluted (in dollars per share)	$ (0.37)	$ (0.13)	$ (0.46)	$ 0.19
Antidilutive securities excluded from computation of EPS (in shares)	6.5	5	6.5	4.3

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Finished goods	$ 277	$ 279
Raw materials, spare parts and supplies	39	60
Total inventories	$ 316	$ 339

Property, Plant and Equipment42

Property, Plant and Equipment-Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment-Net
Gross property plant and equipment	$ 13,258		$ 13,258		$ 12,891
Less: Accumulated depreciation and amortization	3,886		3,886		3,239
Net property, plant and equipment	9,372		9,372		9,652
Construction in progress expenditures incurred but not yet paid			204	$ 426	225	$ 543
Accrued expansion project costs	158		158		185
Depreciation and amortization	217	$ 139	622	425
Land
Property, Plant and Equipment-Net
Gross property plant and equipment	70		70		69
Machinery and equipment
Property, Plant and Equipment-Net
Gross property plant and equipment	12,058		12,058		11,664
Changes in plant turnaround activity
Balance at the beginning of the period			206	220	220
Additions			83	60
Depreciation			(75)	(66)
Effect of exchange rate changes			5	2
Balance at the end of the period	219	$ 216	219	$ 216	206	$ 220
Buildings and improvements
Property, Plant and Equipment-Net
Gross property plant and equipment	882		882		878
Construction in progress
Property, Plant and Equipment-Net
Gross property plant and equipment	$ 248		$ 248		$ 280

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Goodwill and other intangible assets
Amortization expense	$ 2	$ 2	$ 7	$ 6
Goodwill
Goodwill, Beginning Balance			2,345
Effect of exchange rate changes			24
Goodwill, Ending Balance	2,369		2,369
Ammonia
Goodwill
Goodwill, Beginning Balance			585
Effect of exchange rate changes			2
Goodwill, Ending Balance	587		587
Granular Urea
Goodwill
Goodwill, Beginning Balance			828
Effect of exchange rate changes			1
Goodwill, Ending Balance	829		829
UAN
Goodwill
Goodwill, Beginning Balance			576
Effect of exchange rate changes			0
Goodwill, Ending Balance	576		576
AN
Goodwill
Goodwill, Beginning Balance			286
Effect of exchange rate changes			18
Goodwill, Ending Balance	304		304
Other
Goodwill
Goodwill, Beginning Balance			70
Effect of exchange rate changes			3
Goodwill, Ending Balance	$ 73		$ 73

Goodwill and Other Intangible44

Goodwill and Other Intangible Assets (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Identifiable intangibles
Gross Carrying Amount	$ 173		$ 173		$ 164
Accumulated Amortization	(43)		(43)		(36)
Net	130		130		128
Amortization expense	2	$ 2	7	$ 6
Total estimated amortization expense for the five succeeding fiscal years
Remainder of 2017	2		2
2,018	8		8
2,019	8		8
2,020	8		8
2,021	8		8
2,022	8		8
Customer relationships
Identifiable intangibles
Gross Carrying Amount	131		131		125
Accumulated Amortization	(30)		(30)		(24)
Net	101		101		101
TerraCair brand
Identifiable intangibles
Gross Carrying Amount	10		10		10
Accumulated Amortization	(10)		(10)		(10)
Net	0		0		0
Trade names
Identifiable intangibles
Gross Carrying Amount	32		32		29
Accumulated Amortization	(3)		(3)		(2)
Net	$ 29		$ 29		$ 27

Equity Method Investments-Narra

Equity Method Investments-Narrative (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Equity method investments
Equity in losses of operating affiliates	$ (5)		$ (2)	$ (8)	$ (11)
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				16 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				6 months
Point Lisas Nitrogen Limited [Member] | Operating equity method investments
Equity method investments
Unrecorded Unconditional Purchase Obligation, Percent	50.00%
Ownership interest (as a percent)	50.00%			50.00%
Equity Method Investments	$ 109			$ 109
Carrying value of investments in excess of the entity's share of the affiliates' book value	59			$ 59
Obligation to purchase ammonia (as a percent)				50% of the ammonia produced by PLNL
Purchases of ammonia from PLNL	9		$ 13	$ 53	$ 47
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net		$ 134
The Board of Inland Revenue [Member] | Point Lisas Nitrogen Limited [Member] | Operating equity method investments
Equity method investments
Tax Adjustments, Settlements, and Unusual Provisions	$ 7

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Investment
Cash	$ 115	$ 89
Cash equivalents:
Cash and cash equivalents, adjusted cost	1,992	1,164
Cash and cash equivalents, fair value disclosure	1,992	1,164
Restricted Cash, adjusted cost	0	5
Restricted Cash, Fair Value		5
U.S. and Canadian government obligations
Cash equivalents:
Cash equivalents, adjusted cost	1,865	1,075
Cash equivalents, fair value	1,865	1,075
Other debt securities
Cash equivalents:
Cash equivalents, adjusted cost	12
Cash equivalents, fair value	12
Nonqualified employee benefit trusts
Cash equivalents:
Available-for-sale securities, adjusted cost	17	18
Available-for-sale securities, gross unrealized gain	2	1
Available-for-sale securities, fair value	$ 19	$ 19

Fair Value Measurements (Deta47

Fair Value Measurements (Details 2) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Dec. 31, 2016	Sep. 30, 2017	Sep. 30, 2016
Assets and liabilities measured at fair value on a recurring basis
Payments for Strategic Venture Compliance	$ 5	$ 5
Loss on Embedded Derivative Instrument		4
Restricted cash	5
Unrealized loss on embedded derivative		4	$ 22
Long-term debt	5,778	4,988
Fair value of long-term debt, including current portion	5,506	5,916
Recurring basis
Assets and liabilities measured at fair value on a recurring basis
Cash equivalents	1,075	1,877
Restricted cash	5
Nonqualified employee benefit trusts	19	19
Derivative assets	56	1
Derivative liabilities	(6)	(15)
Embedded derivative liability	(26)	(30)
Recurring basis | Quoted Prices in Active Markets (Level 1)
Assets and liabilities measured at fair value on a recurring basis
Cash equivalents	1,075	1,877
Restricted cash	5
Nonqualified employee benefit trusts	19	19
Derivative assets	0	0
Derivative liabilities	0	0
Embedded derivative liability	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
Nonqualified employee benefit trusts	0	0
Derivative assets	56	1
Derivative liabilities	(6)	(15)
Embedded derivative liability	(26)	30
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
Nonqualified employee benefit trusts	0	0
Derivative assets	0	0
Derivative liabilities	0	0
Embedded derivative liability	0	0
Point Lisas Nitrogen Limited [Member] | Operating equity method investments
Assets and liabilities measured at fair value on a recurring basis
Equity Method Investments		$ 109
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net	$ 134

Income Taxes Incomes Taxes (Det

Income Taxes Incomes Taxes (Details) CAD in Millions, $ in Millions	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Sep. 30, 2016CAD	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)	Oct. 31, 2016CAD	Oct. 31, 2016USD ($)
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Deduction, Qualified Production Activity, Percent				$ 42
Effective Income Tax Rate Reconciliation, Percent	40.90%		100.40%	100.40%
Effective Income Tax Rate Excluding The Earnings Attributable To The Noncontrolling Interests	35.20%		81.80%	81.80%
Income tax benefit	$ (47)			$ (131)	$ (55)	$ (21)	$ 163
Less: Net earnings attributable to noncontrolling interests	19			30	54	$ 87
Prepaid income taxes	42				$ 42		$ 841
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 12		21
Effective Income Tax Rate Reconciliation, Disposition of Business, Amount				9
Canada Revenue Agency [Member]
Operating Loss Carryforwards [Line Items]
Income Tax Examination, Estimate of Possible Loss			CAD 174	$ 140
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Income Taxes Receivable		$ 815
Letter of Credit | Letter of Credit
Operating Loss Carryforwards [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding									$ 73
Letter of Credit | Letter of Credit | Canada Revenue Agency [Member]
Operating Loss Carryforwards [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding								CAD 87	$ 70
Operating equity method investments | Point Lisas Nitrogen Limited [Member] | The Board of Inland Revenue [Member]
Operating Loss Carryforwards [Line Items]
Tax Adjustments, Settlements, and Unusual Provisions	7
ILLINOIS | State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 5

Interest Expense (Details)

Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Jul. 29, 2016
Financing agreements
Interest on borrowings(1)	$ 76	$ 76	$ 228	$ 227
Fees on financing agreements(1)(2)(3)	5	6	13	42
Interest on tax liabilities	1	2	2	3
Interest capitalized	(1)	(53)	(2)	(142)
Interest expense	$ 81	31	$ 241	130
Letter of Credit | Bridge Credit Agreement, Tranche A [Member] | Bridge Loan [Member]
Financing agreements
Fees on financing agreements(1)(2)(3)				28
Letter of Credit | CF Industries | July 2016 Credit Agreement Amendment | Revolving Credit Facility
Financing agreements
Maximum borrowing capacity					$ 1,500
Letter of Credit | CF Industries | Credit Agreement | Revolving Credit Facility
Financing agreements
Amortization of Debt Issuance Costs		0
Maximum borrowing capacity		$ 2,000		$ 2,000

Financing Agreements (Details)

Financing Agreements (Details) - USD ($)	Nov. 21, 2016	Dec. 31, 2016	Sep. 30, 2017	Oct. 31, 2016
Debt Instruments
Principal		$ 5,850,000,000	$ 5,850,000,000
Carrying amount		5,778,000,000	5,786,000,000
Less: Current portion		0	800,000,000
Less: Current portion		0	798,000,000
Long-term debt		5,850,000,000	5,050,000,000
Long-term debt		5,778,000,000	4,988,000,000
CF Industries
Debt Instruments
Unamortized debt discount		12,000,000	12,000,000
Total deferred debt issuance costs		$ 60,000,000	$ 52,000,000
CF Industries | Senior Notes | Unsecured senior notes 6.875% due 2018
Financing agreements
Interest rate (as a percent)		6.875%	6.875%
Debt Instruments
Effective Interest Rate (percent)		7.344%	7.344%
Principal		$ 800,000,000
Carrying amount		$ 795,000,000	$ 798,000,000
CF Industries | Senior Notes | Unsecured senior notes 7.125% due 2020
Financing agreements
Interest rate (as a percent)		7.125%	7.125%
Debt Instruments
Effective Interest Rate (percent)		7.529%	7.529%
Principal		$ 800,000,000	$ 800,000,000
Carrying amount		$ 791,000,000	$ 792,000,000
CF Industries | Senior Notes | Senior notes 3.450% due 2023
Financing agreements
Interest rate (as a percent)		3.45%	3.45%
Debt Instruments
Effective Interest Rate (percent)		3.562%	3.562%
Principal		$ 750,000,000	$ 750,000,000
Carrying amount		$ 745,000,000	$ 746,000,000
CF Industries | Senior Notes | Senior notes 5.150% due 2034
Financing agreements
Interest rate (as a percent)		5.15%	5.15%
Debt Instruments
Effective Interest Rate (percent)		5.279%	5.279%
Principal		$ 750,000,000	$ 750,000,000
Carrying amount		$ 739,000,000	$ 739,000,000
CF Industries | Senior Notes | Senior notes 4.950% due 2043
Financing agreements
Interest rate (as a percent)		4.95%	4.95%
Debt Instruments
Effective Interest Rate (percent)		5.031%	5.031%
Principal		$ 750,000,000	$ 750,000,000
Carrying amount		$ 741,000,000	$ 741,000,000
CF Industries | Senior Notes | Senior notes 5.375% due 2044
Financing agreements
Interest rate (as a percent)		5.375%	5.375%
Debt Instruments
Effective Interest Rate (percent)		5.465%	5.465%
Principal		$ 750,000,000	$ 750,000,000
Carrying amount		$ 741,000,000	$ 741,000,000
CF Industries | Senior Notes | Senior Notes 3.400 Percent Due 2021 [Member] [Member]
Financing agreements
Interest rate (as a percent)		3.40%	3.40%
Debt Instruments
Effective Interest Rate (percent)		3.784%	3.782%
Principal		$ 500,000,000	$ 500,000,000
Carrying amount		$ 491,000,000	$ 493,000,000
CF Industries | Senior Notes | Senior Notes 4.500 Percent Due 2026] [Member]
Financing agreements
Interest rate (as a percent)		4.50%	4.50%
Proceeds from Debt, Net of Issuance Costs		$ 1,230,000,000
Debt Instruments
Effective Interest Rate (percent)		4.76%	4.759%
Principal		$ 750,000,000	$ 750,000,000
Carrying amount		$ 735,000,000	$ 736,000,000
CF Industries | Senior Notes | Private Placement Senior Notes
Financing agreements
Early Repayment of Senior Debt	$ 170,000,000
Payment for Debt Extinguishment or Debt Prepayment Cost	1,180,000,000
Debt Instruments
Repayments of Senior Debt	$ 1,000,000,000
Revolving Credit Facility | CF Industries | Letter of Credit | Amendment No. 3 to the Third Amended and Restated Revolving Credit Agreement [Member]
Financing agreements
Maximum borrowing capacity				$ 750,000,000

Financing Agreements Financing

Financing Agreements Financing Agreements - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2017	Dec. 31, 2016	Oct. 31, 2016	Jul. 29, 2016
Letter of Credit | Letter of Credit
Financing agreements
Maximum borrowing capacity				$ 75,000,000
Line of Credit Facility, Fair Value of Amount Outstanding				$ 73,000,000
CF Industries
Financing agreements
Unamortized debt discount		$ 12,000,000	$ 12,000,000
Total deferred debt issuance costs		52,000,000	60,000,000
CF Industries | Credit Agreement
Financing agreements
Available credit		695,000,000
Outstanding letters of credit		55,000,000
Long-term Line of Credit		$ 0	$ 0
Line of credit facility, maximum amount outstanding during period	$ 150,000,000
Debt instrument, weighted average interest rate for borrowings during period	1.85%
CF Industries | Credit Agreement | Letter of Credit | Revolving Credit Facility
Financing agreements
Maximum borrowing capacity	$ 2,000,000,000
CF Industries | July 2016 Credit Agreement Amendment | Letter of Credit | Revolving Credit Facility
Financing agreements
Maximum borrowing capacity					$ 1,500,000,000
CF Industries | July 2016 Credit Agreement Amendment | Letter of Credit | Letter of Credit
Financing agreements
Maximum borrowing capacity					$ 125,000,000

Derivative Financial Instrume52

Derivative Financial Instruments (Details) MMBTU in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)MMBTU	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)MMBTU	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)MMBTU
Fair values of derivatives on consolidated balance sheets
Open derivative contracts for natural gas (in MMBtus) | MMBTU	75.3		75.3		183
Percentage of natural gas consumption covered by derivatives			42.00%
Derivative, net liability position, aggregate fair value	$ 15,000,000		$ 15,000,000		$ 0
Cash collateral received pledged, total derivative liabilities	100,000		100,000		0
Gain (loss) on sale of derivatives	(11,000,000)	$ (10,000,000)	(13,000,000)	$ (125,000,000)
Net of tax	(4,000,000)	(31,000,000)	(77,000,000)	43,000,000
Derivatives not designated as cash flow hedges
Fair values of derivatives on consolidated balance sheets
Cash collateral received pledged, total derivative liabilities	0		0		$ 0
Unrealized gain (loss) on derivatives	7,000,000	(21,000,000)	(64,000,000)	168,000,000
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	7,000,000	(21,000,000)	(64,000,000)	169,000,000
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	$ 0	$ 0	0	$ (1,000,000)
Derivatives designated as cash flow hedges | Foreign exchange contracts
Fair values of derivatives on consolidated balance sheets
Unrealized gain (loss) on cash flow hedges, pretax, in AOCI			$ 7,000,000

Derivative Financial Instrume53

Derivative Financial Instruments (Details 2) - Derivatives not designated as cash flow hedges - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Fair values of derivatives on consolidated balance sheets
Derivative assets	$ 1	$ 56
Derivative liability	(15)	(6)
Natural gas derivatives
Fair values of derivatives on consolidated balance sheets
Other current assets	1	52
Other assets	0	4
Other current liabilities	(14)	0
Other liabilities	$ (1)	$ (6)

Derivative Financial Instrume54

Derivative Financial Instruments (Details 3) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Gross amounts not offset in consolidated balance sheets
Cash collateral received pledged, total derivative liabilities	$ 100,000	$ 0
Derivatives not designated as cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative assets	1,000,000	56,000,000
Derivative liability	(15,000,000)	(6,000,000)
Gross and net amounts presented in consolidated balance sheets, net assets	(14,000,000)	50,000,000
Gross amounts not offset in consolidated balance sheets
Financial instruments, total derivative assets	1,000,000	6,000,000
Financial instruments, total derivative liabilities	(1,000,000)	(6,000,000)
Financial instruments, net derivative (asset) liability	0	0
Cash collateral received pledged, total derivative assets	0	0
Cash collateral received pledged, total derivative liabilities	0	0
Cash collateral received pledged, net derivative asset liabilities	0	0
Net amount, total derivative assets	0	50,000,000
Net amount, total derivative liabilities	(14,000,000)	0
Net amount, net derivative asset (liability)	$ (14,000,000)	$ 50,000,000

Noncontrolling Interests (Detai

Noncontrolling Interests (Details) T in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)T	Dec. 31, 2016USD ($)	Sep. 30, 2017USD ($)T	Sep. 30, 2016USD ($)	Feb. 01, 2016	Dec. 31, 2015USD ($)
Noncontrolling interest
Distributions Payable to Minority Interest	$ 0	$ 0	$ 0	$ 0		$ 0
Issuance of noncontrolling interest in CFN			0	2,800
Payments for Strategic Venture Compliance		5	5
Loss on Embedded Derivative Instrument			4
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			125	111
TNCLP
Noncontrolling interest
Distributions Payable to Minority Interest	$ 0	0	0	0		0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			$ 18	32
Percentage of aggregate ownership held by entity through general and limited partnership	75.30%		75.30%
Percentage of ownership interest held by outside investors	24.70%		24.70%
Earnings attributable to general partnership interest in excess of the threshold levels			$ 19	56
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
TNCLP | Minimum
Noncontrolling interest
Notice period for making decision to purchase the outstanding units			30 days
TNCLP | Maximum
Noncontrolling interest
Percentage of ownership allowing majority owner to acquire outstanding units	25.00%		25.00%
Notice period for making decision to purchase the outstanding units			60 days
CF Industries Nitrogen, LLC
Noncontrolling interest
Distributions Payable to Minority Interest	$ 0	0	$ 0	0		$ 0
Issuance of noncontrolling interest in CFN	$ 2,800
Maximum Annual Granular Urea Tons Eligible for Purchase | T	1,100		1,100
Maximum Annual UAN Tons Eligible for Purchase | T	580		580
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			$ 107	$ 79
Recurring basis
Noncontrolling interest
Embedded Derivative, Fair Value of Embedded Derivative Liability	$ 30	26	30
Significant Other Observable Inputs (Level 2) | Recurring basis
Noncontrolling interest
Embedded Derivative, Fair Value of Embedded Derivative Liability	$ (30)	$ 26	$ (30)
General Partner [Member]
Noncontrolling interest
Percentage of aggregate ownership held by entity through general and limited partnership	75.10%		75.10%
CHS Inc. [Member] | CF Industries Nitrogen, LLC
Noncontrolling interest
Percentage of ownership interest held by outside investors					11.00%

Noncontrolling Interests (Det56

Noncontrolling Interests (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Noncontrolling interest
Beginning balance			$ 3,144	$ 352
Issuance of noncontrolling interest in CFN			0	2,792
Earnings attributable to noncontrolling interests	$ 19	$ 30	54	87
Declaration of distributions payable			(125)	(111)
Ending balance	3,073	3,120	3,073	3,120
Distributions payable to noncontrolling interests:
Beginning balance			0	0
Declaration of distributions payable			125	111
Distributions to noncontrolling interest			(125)	(111)
Ending balance	0	0	0	0
TNCLP
Noncontrolling interest
Beginning balance			338	352
Issuance of noncontrolling interest in CFN			0	0
Earnings attributable to noncontrolling interests			14	20
Declaration of distributions payable			(18)	(32)
Ending balance	334	340	334	340
Distributions payable to noncontrolling interests:
Beginning balance			0	0
Declaration of distributions payable			18	32
Distributions to noncontrolling interest			(18)	(32)
Ending balance	0	0	0	0
CF Industries Nitrogen, LLC
Noncontrolling interest
Beginning balance			2,806	0
Issuance of noncontrolling interest in CFN			0	2,792
Earnings attributable to noncontrolling interests			40	67
Declaration of distributions payable			(107)	(79)
Ending balance	2,739	2,780	2,739	2,780
Distributions payable to noncontrolling interests:
Beginning balance			0	0
Declaration of distributions payable			107	79
Distributions to noncontrolling interest			(107)	(79)
Ending balance	$ 0	$ 0	$ 0	$ 0

Defined Benefit Pension Plans57

Defined Benefit Pension Plans (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Contributions by Employer		$ 75
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	$ 6	6
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	81	$ 81
Pension Plan [Member] | Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 59

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Changes to accumulated other comprehensive income (loss)
Balance at the beginning of the period			$ (398)	$ (250)	$ (250)
Other Comprehensive Income Pension and Other Postretirement Benefit Plans Arising During Period before Tax			7	(3)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			1
Effect of exchange rate changes and deferred taxes			115	(20)
Balance at the end of the period	$ (275)	$ (273)	(275)	(273)	(398)
Income tax benefit	(47)	(131)	(55)	(21)	163
Net (loss) earnings	(68)	0	(53)	130
Foreign Currency Translation Adjustment
Changes to accumulated other comprehensive income (loss)
Balance at the beginning of the period			(272)	(198)	(198)
Other Comprehensive Income Pension and Other Postretirement Benefit Plans Arising During Period before Tax			0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			0
Effect of exchange rate changes and deferred taxes			124	(20)
Balance at the end of the period	(148)	(218)	(148)	(218)	(272)
Unrealized Gain (Loss) on Securities
Changes to accumulated other comprehensive income (loss)
Balance at the beginning of the period			1	1	1
Other Comprehensive Income Pension and Other Postretirement Benefit Plans Arising During Period before Tax			0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			0
Effect of exchange rate changes and deferred taxes			0	0
Balance at the end of the period	1	1	1	1	1
Unrealized Gain (Loss) on Derivatives
Changes to accumulated other comprehensive income (loss)
Balance at the beginning of the period			5	5	5
Other Comprehensive Income Pension and Other Postretirement Benefit Plans Arising During Period before Tax			0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			0
Effect of exchange rate changes and deferred taxes			0	0
Balance at the end of the period	5	5	5	5	5
Defined Benefit Plans
Changes to accumulated other comprehensive income (loss)
Balance at the beginning of the period			(132)	(58)	(58)
Other Comprehensive Income Pension and Other Postretirement Benefit Plans Arising During Period before Tax			7	(3)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			1
Effect of exchange rate changes and deferred taxes			(9)	0
Balance at the end of the period	(133)	(61)	(133)	(61)	$ (132)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Changes to accumulated other comprehensive income (loss)
Net (loss) earnings	1	0	1	0
Reclassification out of Accumulated Other Comprehensive Income [Member] | Defined Benefit Plans
Changes to accumulated other comprehensive income (loss)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	1	0	1	0
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	(2)	(1)	(2)	(1)
Income tax benefit	0	0	0	0
Net (loss) earnings	1	0	1	0
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	$ (1)	$ (1)	$ (1)	$ (1)

Contingencies (Details)

Contingencies (Details)	Apr. 17, 2015Insurance_companyPeoplePlaintiffEntity	Apr. 17, 2013People	Dec. 31, 2016Litigation_case
Pending Litigation
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
Settled Litigation [Member]
Loss Contingencies [Line Items]
Loss Contingency, Claims Settled, Number | Litigation_case			140

Segment Disclosures (Details)

Segment Disclosures (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment data
Net sales	$ 870	$ 680	$ 3,031	$ 2,818
Cost of sales	861	678	2,744	2,072
Gross margin	9	2	287	746
Total other operating costs and expenses	43	101	154	501
Equity in losses of operating affiliates	(5)	(2)	(8)	(11)
Operating (loss) earnings	(39)	(101)	125	234
Operating Segments | Ammonia
Segment data
Net sales	194	145	865	770
Cost of sales	204	149	771	505
Gross margin	(10)	(4)	94	265
Operating Segments | Granular Urea
Segment data
Net sales	228	167	725	642
Cost of sales	220	152	668	445
Gross margin	8	15	57	197
Operating Segments | UAN
Segment data
Net sales	243	212	846	891
Cost of sales	253	218	783	646
Gross margin	(10)	(6)	63	245
Operating Segments | AN
Segment data
Net sales	135	103	372	318
Cost of sales	123	114	331	316
Gross margin	12	(11)	41	2
Operating Segments | Other
Segment data
Net sales	70	53	223	197
Cost of sales	61	45	191	160
Gross margin	$ 9	$ 8	$ 32	$ 37

Condensed Consolidating Finan61

Condensed Consolidating Financial Statements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Condensed, Consolidating Statement of Operations
Net sales	$ 870	$ 680	$ 3,031	$ 2,818
Cost of sales	861	678	2,744	2,072
Gross margin	9	2	287	746
Selling, general and administrative expenses	45	44	140	141
Transaction costs	0	0	0	179
Other operating—net	(2)	57	14	181
Total other operating costs and expenses	43	101	154	501
Equity in losses of operating affiliates	(5)	(2)	(8)	(11)
Operating (loss) earnings	(39)	(101)	125	234
Interest expense	81	31	241	130
Interest income	(5)	(2)	(8)	(4)
Net loss of wholly owned subsidiaries	0	0	0	0
Other non-operating—net	0	1	0	(1)
(Loss) earnings before income taxes	(115)	(131)	(108)	109
Income tax (benefit) provision	(47)	(131)	(55)	(21)	$ 163
Net (loss) earnings	(68)	0	(53)	130
Less: Net earnings attributable to noncontrolling interests	19	30	54	87
Net (loss) earnings attributable to common stockholders	(87)	(30)	(107)	43
Other Comprehensive Income (Loss), Net of Tax	50	(30)	123	(23)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	(18)	(30)	70	107
Less: Comprehensive income attributable to noncontrolling interests	19	30	54	87
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(37)	(60)	16	20
Reportable legal entities | Parent
Condensed, Consolidating Statement of Operations
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Gross margin	0	0	0	0
Selling, general and administrative expenses	1	1	3	3
Transaction costs				(46)
Other operating—net	0	0	0	0
Total other operating costs and expenses	1	1	3	(43)
Equity in losses of operating affiliates	0	0	0	0
Operating (loss) earnings	(1)	(1)	(3)	43
Interest expense	0	0	0	0
Interest income	0	0	0	0
Net loss of wholly owned subsidiaries	86	39	105	(16)
Other non-operating—net		0		0
(Loss) earnings before income taxes	(87)	(40)	(108)	59
Income tax (benefit) provision	0	(10)	(1)	16
Net (loss) earnings	(87)	(30)	(107)	43
Less: Net earnings attributable to noncontrolling interests	0	0	0	0
Net (loss) earnings attributable to common stockholders	(87)	(30)	(107)	43
Other Comprehensive Income (Loss), Net of Tax	50	(30)	123	(23)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	(37)	(60)	16	20
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(37)	(60)	16	20
Reportable legal entities | CF Industries
Condensed, Consolidating Statement of Operations
Net sales	105	81	306	283
Cost of sales	62	35	184	161
Gross margin	43	46	122	122
Selling, general and administrative expenses	(2)	4	3	8
Transaction costs				0
Other operating—net	(6)	5	(8)	5
Total other operating costs and expenses	(8)	9	(5)	13
Equity in losses of operating affiliates	0	0	0	0
Operating (loss) earnings	51	37	127	109
Interest expense	80	87	241	249
Interest income	(8)	(11)	(27)	(43)
Net loss of wholly owned subsidiaries	73	0	49	(76)
Other non-operating—net		0		0
(Loss) earnings before income taxes	(94)	(39)	(136)	(21)
Income tax (benefit) provision	(8)	0	(31)	(37)
Net (loss) earnings	(86)	(39)	(105)	16
Less: Net earnings attributable to noncontrolling interests	0	0	0	0
Net (loss) earnings attributable to common stockholders	(86)	(39)	(105)	16
Other Comprehensive Income (Loss), Net of Tax	49	(30)	122	(23)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	(37)	(69)	17	(7)
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(37)	(69)	17	(7)
Reportable legal entities | Guarantor Subsidiaries [Member]
Condensed, Consolidating Statement of Operations
Net sales	661	497	2,386	2,240
Cost of sales	725	598	2,488	2,079
Gross margin	(64)	(101)	(102)	161
Selling, general and administrative expenses	28	26	83	88
Transaction costs				224
Other operating—net	3	22	5	30
Total other operating costs and expenses	31	48	88	342
Equity in losses of operating affiliates	0	0	0	0
Operating (loss) earnings	(95)	(149)	(190)	(181)
Interest expense	11	12	31	73
Interest income	(5)	(1)	(7)	(7)
Net loss of wholly owned subsidiaries	13	(113)	(127)	(404)
Other non-operating—net		1		1
(Loss) earnings before income taxes	(114)	(48)	(87)	156
Income tax (benefit) provision	(44)	(118)	(34)	(15)
Net (loss) earnings	(70)	70	(53)	171
Less: Net earnings attributable to noncontrolling interests	0	0	0	0
Net (loss) earnings attributable to common stockholders	(70)	70	(53)	171
Other Comprehensive Income (Loss), Net of Tax	36	(3)	85	4
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	(34)	67	32	175
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(34)	67	32	175
Reportable legal entities | Non-Guarantor Subsidiaries [Member]
Condensed, Consolidating Statement of Operations
Net sales	770	643	2,499	2,152
Cost of sales	740	586	2,232	1,689
Gross margin	30	57	267	463
Selling, general and administrative expenses	18	13	51	42
Transaction costs				1
Other operating—net	1	30	17	146
Total other operating costs and expenses	19	43	68	189
Equity in losses of operating affiliates	(5)	(2)	(8)	(11)
Operating (loss) earnings	6	12	191	263
Interest expense	1	(50)	4	(126)
Interest income	(3)	(8)	(9)	(20)
Net loss of wholly owned subsidiaries	0	0	0	0
Other non-operating—net		0		(2)
(Loss) earnings before income taxes	8	70	196	411
Income tax (benefit) provision	5	(3)	11	15
Net (loss) earnings	3	73	185	396
Less: Net earnings attributable to noncontrolling interests	19	30	54	87
Net (loss) earnings attributable to common stockholders	(16)	43	131	309
Other Comprehensive Income (Loss), Net of Tax	49	(20)	117	(20)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	52	53	302	376
Less: Comprehensive income attributable to noncontrolling interests	19	30	54	87
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	33	23	248	289
Eliminations
Condensed, Consolidating Statement of Operations
Net sales	(666)	(541)	(2,160)	(1,857)
Cost of sales	(666)	(541)	(2,160)	(1,857)
Gross margin	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Transaction costs				0
Other operating—net	0	0	0	0
Total other operating costs and expenses	0	0	0	0
Equity in losses of operating affiliates	0	0	0	0
Operating (loss) earnings	0	0	0	0
Interest expense	(11)	(18)	(35)	(66)
Interest income	11	18	35	66
Net loss of wholly owned subsidiaries	(172)	74	(27)	496
Other non-operating—net		0		0
(Loss) earnings before income taxes	172	(74)	27	(496)
Income tax (benefit) provision	0	0	0	0
Net (loss) earnings	172	(74)	27	(496)
Less: Net earnings attributable to noncontrolling interests	0	0	0	0
Net (loss) earnings attributable to common stockholders	172	(74)	27	(496)
Other Comprehensive Income (Loss), Net of Tax	(134)	53	(324)	39
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	38	(21)	(297)	(457)
Less: Comprehensive income attributable to noncontrolling interests		0	0	0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 38	$ (21)	$ (297)	$ (457)

Condensed Consolidating Finan62

Condensed Consolidating Financial Statements (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Condensed, Consolidating Statement of Comprehensive Income
Net (loss) earnings	$ (68)	$ 0	$ (53)	$ 130
Other comprehensive income	50	(30)	123	(23)
Comprehensive (loss) income	(18)	(30)	70	107
Less: Comprehensive income attributable to noncontrolling interests	19	30	54	87
Comprehensive (loss) income attributable to common stockholders	(37)	(60)	16	20
Reportable legal entities | Parent
Condensed, Consolidating Statement of Comprehensive Income
Net (loss) earnings	(87)	(30)	(107)	43
Other comprehensive income	50	(30)	123	(23)
Comprehensive (loss) income	(37)	(60)	16	20
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive (loss) income attributable to common stockholders	(37)	(60)	16	20
Reportable legal entities | CF Industries
Condensed, Consolidating Statement of Comprehensive Income
Net (loss) earnings	(86)	(39)	(105)	16
Other comprehensive income	49	(30)	122	(23)
Comprehensive (loss) income	(37)	(69)	17	(7)
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive (loss) income attributable to common stockholders	(37)	(69)	17	(7)
Reportable legal entities | Guarantor Subsidiaries [Member]
Condensed, Consolidating Statement of Comprehensive Income
Net (loss) earnings	(70)	70	(53)	171
Other comprehensive income	36	(3)	85	4
Comprehensive (loss) income	(34)	67	32	175
Less: Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive (loss) income attributable to common stockholders	(34)	67	32	175
Reportable legal entities | Non-Guarantor Subsidiaries [Member]
Condensed, Consolidating Statement of Comprehensive Income
Net (loss) earnings	3	73	185	396
Other comprehensive income	49	(20)	117	(20)
Comprehensive (loss) income	52	53	302	376
Less: Comprehensive income attributable to noncontrolling interests	19	30	54	87
Comprehensive (loss) income attributable to common stockholders	33	23	248	289
Eliminations
Condensed, Consolidating Statement of Comprehensive Income
Net (loss) earnings	172	(74)	27	(496)
Other comprehensive income	(134)	53	(324)	39
Comprehensive (loss) income	38	(21)	(297)	(457)
Less: Comprehensive income attributable to noncontrolling interests		0	0	0
Comprehensive (loss) income attributable to common stockholders	$ 38	$ (21)	$ (297)	$ (457)

Condensed Consolidating Finan63

Condensed Consolidating Financial Statements (Details 3) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 1,992	$ 1,164	$ 1,554	$ 286
Restricted cash	0	5
Accounts and notes receivable—net	279	236
Inventories	316	339
Deferred income taxes	0
Prepaid income taxes	42	841
Other current assets	22	70
Total current assets	2,651	2,655
Property, plant and equipment—net	9,372	9,652
Deferred income taxes	0
Investments in affiliates	109	139
Due from affiliates	0	0
Goodwill	2,369	2,345
Other assets	356	340
Total assets	14,857	15,131
Current liabilities:
Accounts and notes payable and accrued expenses	635	638
Income taxes payable	7	1
Customer advances	92	42
Less: Current portion	798	0
Other current liabilities	19	5
Total current liabilities	1,551	686
Long-term debt	4,988	5,778
Deferred income taxes	1,592	1,630
Due to affiliates	0	0
Other liabilities	486	545
Stockholders' equity:
Preferred stock	0	0
Common stock	2	2
Paid-in capital	1,392	1,380
Retained earnings	2,048	2,365
Treasury stock	0	(1)
Accumulated other comprehensive loss	(275)	(398)	(273)	(250)
Total stockholders' equity	3,167	3,348
Noncontrolling interests	3,073	3,144	3,120	352
Total equity	6,240	6,492	6,980	4,387
Total liabilities and equity	14,857	15,131
Reportable legal entities | Parent
Current assets:
Cash and cash equivalents	0	0	1	1
Restricted cash		0
Accounts and notes receivable—net	17	20
Inventories	0	0
Deferred income taxes	0
Prepaid income taxes	0	0
Other current assets	0	0
Total current assets	17	20
Property, plant and equipment—net	0	0
Deferred income taxes	0
Investments in affiliates	3,727	3,711
Due from affiliates	571	571
Goodwill	0	0
Other assets	0	0
Total assets	4,315	4,302
Current liabilities:
Accounts and notes payable and accrued expenses	1,148	954
Income taxes payable	0	0
Customer advances	0	0
Less: Current portion	0
Other current liabilities	0	0
Total current liabilities	1,148	954
Long-term debt	0	0
Deferred income taxes	0	0
Due to affiliates	0	0
Other liabilities	0	0
Stockholders' equity:
Preferred stock	0	0
Common stock	2	2
Paid-in capital	1,392	1,380
Retained earnings	2,048	2,365
Treasury stock	0	(1)
Accumulated other comprehensive loss	(275)	(398)
Total stockholders' equity	3,167	3,348
Noncontrolling interests	0	0
Total equity	3,167	3,348
Total liabilities and equity	4,315	4,302
Reportable legal entities | CF Industries
Current assets:
Cash and cash equivalents	32	36	4	0
Restricted cash		0
Accounts and notes receivable—net	989	1,259
Inventories	0	0
Deferred income taxes	15
Prepaid income taxes	0	0
Other current assets	0	0
Total current assets	1,036	1,295
Property, plant and equipment—net	0	0
Deferred income taxes	0
Investments in affiliates	9,443	9,370
Due from affiliates	0	0
Goodwill	0	0
Other assets	85	85
Total assets	10,564	10,750
Current liabilities:
Accounts and notes payable and accrued expenses	465	418
Income taxes payable	0	0
Customer advances	0	0
Less: Current portion	798
Other current liabilities	0	0
Total current liabilities	1,263	418
Long-term debt	4,988	5,903
Deferred income taxes	0	90
Due to affiliates	571	571
Other liabilities	15	59
Stockholders' equity:
Preferred stock	0	0
Common stock	0	0
Paid-in capital	(13)	(13)
Retained earnings	4,016	4,120
Treasury stock	0	0
Accumulated other comprehensive loss	(276)	(398)
Total stockholders' equity	3,727	3,709
Noncontrolling interests	0	0
Total equity	3,727	3,709
Total liabilities and equity	10,564	10,750
Reportable legal entities | Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	1,619	878	1,108	121
Restricted cash		0
Accounts and notes receivable—net	1,733	1,418
Inventories	164	164
Deferred income taxes	0
Prepaid income taxes	39	839
Other current assets	14	59
Total current assets	3,569	3,358
Property, plant and equipment—net	122	131
Deferred income taxes	0
Investments in affiliates	6,436	6,019
Due from affiliates	0	0
Goodwill	2,064	2,064
Other assets	94	101
Total assets	12,285	11,673
Current liabilities:
Accounts and notes payable and accrued expenses	1,296	1,505
Income taxes payable	0	0
Customer advances	92	42
Less: Current portion	0
Other current liabilities	17	5
Total current liabilities	1,405	1,552
Long-term debt	260	39
Deferred income taxes	1,437	1,374
Due to affiliates		0
Other liabilities	254	270
Stockholders' equity:
Preferred stock	0	0
Common stock	0	0
Paid-in capital	9,505	9,045
Retained earnings	(382)	(329)
Treasury stock	0	0
Accumulated other comprehensive loss	(186)	(271)
Total stockholders' equity	8,937	8,445
Noncontrolling interests	(8)	(7)
Total equity	8,929	8,438
Total liabilities and equity	12,285	11,673
Reportable legal entities | Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	341	250	441	164
Restricted cash		5
Accounts and notes receivable—net	320	495
Inventories	152	175
Deferred income taxes	0
Prepaid income taxes	3	2
Other current assets	8	11
Total current assets	824	938
Property, plant and equipment—net	9,250	9,521
Deferred income taxes	0
Investments in affiliates	109	139
Due from affiliates	0	0
Goodwill	305	281
Other assets	512	385
Total assets	11,000	11,264
Current liabilities:
Accounts and notes payable and accrued expenses	506	717
Income taxes payable	7	1
Customer advances	0	0
Less: Current portion	0
Other current liabilities	2	0
Total current liabilities	515	718
Long-term debt	76	67
Deferred income taxes	170	166
Due to affiliates	0	0
Other liabilities	217	216
Stockholders' equity:
Preferred stock	0	0
Common stock	4,712	4,383
Paid-in capital	1,783	2,246
Retained earnings	680	668
Treasury stock	0	0
Accumulated other comprehensive loss	(234)	(351)
Total stockholders' equity	6,941	6,946
Noncontrolling interests	3,081	3,151
Total equity	10,022	10,097
Total liabilities and equity	11,000	11,264
Eliminations
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Restricted cash		0
Accounts and notes receivable—net	(2,780)	(2,956)
Inventories	0	0
Deferred income taxes	(15)
Prepaid income taxes	0	0
Other current assets	0	0
Total current assets	(2,795)	(2,956)
Property, plant and equipment—net	0	0
Deferred income taxes	0
Investments in affiliates	(19,606)	(19,100)
Due from affiliates	(571)	(571)
Goodwill	0	0
Other assets	(335)	(231)
Total assets	(23,307)	(22,858)
Current liabilities:
Accounts and notes payable and accrued expenses	(2,780)	(2,956)
Income taxes payable	0	0
Customer advances	0	0
Less: Current portion	0
Other current liabilities	0	0
Total current liabilities	(2,780)	(2,956)
Long-term debt	(336)	(231)
Deferred income taxes	(15)	0
Due to affiliates	(571)	(571)
Other liabilities	0	0
Stockholders' equity:
Preferred stock	0	0
Common stock	(4,712)	(4,383)
Paid-in capital	(11,275)	(11,278)
Retained earnings	(4,314)	(4,459)
Treasury stock	0	0
Accumulated other comprehensive loss	696	1,020
Total stockholders' equity	(19,605)	(19,100)
Noncontrolling interests	0	0
Total equity	(19,605)	(19,100)
Total liabilities and equity	$ (23,307)	$ (22,858)

Condensed Consolidating Finan64

Condensed Consolidating Financial Statements (Details 4) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Operating Activities:
Net (loss) earnings	$ (68)	$ 0	$ (53)	$ 130
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Depreciation and amortization			648	475
Deferred income taxes			(54)	730
Stock-based compensation expense			13	15
Unrealized net loss (gain) on natural gas and foreign currency derivatives			64	(169)
Unrealized loss on embedded derivative			4	22
Loss on disposal of property, plant and equipment			3	8
Undistributed loss (earnings) of affiliates—net			7	0
Changes in:
Intercompany accounts receivable/accounts payable - net			0	0
Accounts receivable—net			(29)	55
Inventories			12	(4)
Accrued and prepaid income taxes			804	(665)
Accounts and notes payable and accrued expenses			5	(7)
Customer advances			51	(75)
Other—net			(74)	76
Net cash provided by operating activities			1,401	591
Investing Activities:
Additions to property, plant and equipment			(290)	(1,819)
Proceeds from sale of property, plant and equipment			13	8
Distributions received from unconsolidated affiliates			12	0
Proceeds from sale auction rate securities			9	0
Withdrawals from restricted cash funds			5	16
Other—net			0	4
Net cash used in investing activities			(251)	(1,791)
Financing Activities:
Proceeds from (Repayments of) Debt			0
Short-term debt—net			0	0
Proceeds from short-term borrowings			0	150
Payments of short-term borrowings			0	(150)
Financing fees			(1)	(11)
Dividends paid on common stock			(210)	(209)
Dividends to/from affiliates			0	0
Issuance of noncontrolling interest in CFN			0	2,800
Distribution received for CHS strategic venture				0
Issuances of common stock under employee stock plans			1	0
Proceeds from (Payments for) Other Financing Activities				0
Distributions to noncontrolling interests			(125)	(111)
Net cash (used in) provided by financing activities			(335)	2,469
Effect of exchange rate changes on cash and cash equivalents			13	(1)
Increase in cash and cash equivalents			828	1,268
Cash and cash equivalents at beginning of period			1,164	286
Cash and cash equivalents at end of period	1,992	1,554	1,992	1,554
Reportable legal entities | Parent
Operating Activities:
Net (loss) earnings	(87)	(30)	(107)	43
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Depreciation and amortization			0	0
Deferred income taxes			0	0
Stock-based compensation expense			13	14
Unrealized net loss (gain) on natural gas and foreign currency derivatives			0	0
Unrealized loss on embedded derivative			0	0
Loss on disposal of property, plant and equipment			0	0
Undistributed loss (earnings) of affiliates—net			105	(16)
Changes in:
Intercompany accounts receivable/accounts payable - net			(10)	(31)
Accounts receivable—net			0	0
Inventories			0	0
Accrued and prepaid income taxes			(1)	0
Accounts and notes payable and accrued expenses			0	(9)
Customer advances			0	0
Other—net			0	0
Net cash provided by operating activities			0	1
Investing Activities:
Additions to property, plant and equipment			0	0
Proceeds from sale of property, plant and equipment			0	0
Distributions received from unconsolidated affiliates			0
Proceeds from sale auction rate securities			0
Withdrawals from restricted cash funds			0	0
Other—net				0
Net cash used in investing activities			0	0
Financing Activities:
Proceeds from (Repayments of) Debt			0
Short-term debt—net			209	68
Proceeds from short-term borrowings				0
Payments of short-term borrowings				0
Financing fees			0	0
Dividends paid on common stock			(210)	(209)
Dividends to/from affiliates			0	140
Issuance of noncontrolling interest in CFN				0
Distribution received for CHS strategic venture				0
Issuances of common stock under employee stock plans			1
Proceeds from (Payments for) Other Financing Activities				0
Distributions to noncontrolling interests			0	0
Net cash (used in) provided by financing activities			0	(1)
Effect of exchange rate changes on cash and cash equivalents			0	0
Increase in cash and cash equivalents			0	0
Cash and cash equivalents at beginning of period			0	1
Cash and cash equivalents at end of period	0	1	0	1
Reportable legal entities | CF Industries
Operating Activities:
Net (loss) earnings	(86)	(39)	(105)	16
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Depreciation and amortization			10	4
Deferred income taxes			0	29
Stock-based compensation expense			0	0
Unrealized net loss (gain) on natural gas and foreign currency derivatives			0	0
Unrealized loss on embedded derivative			0	0
Loss on disposal of property, plant and equipment			0	0
Undistributed loss (earnings) of affiliates—net			48	(76)
Changes in:
Intercompany accounts receivable/accounts payable - net			(91)	133
Accounts receivable—net			(8)	45
Inventories			0	0
Accrued and prepaid income taxes			(30)	0
Accounts and notes payable and accrued expenses			37	(23)
Customer advances			0	0
Other—net			(5)	(1)
Net cash provided by operating activities			(144)	127
Investing Activities:
Additions to property, plant and equipment			0	0
Proceeds from sale of property, plant and equipment			0	0
Distributions received from unconsolidated affiliates			0
Proceeds from sale auction rate securities			9
Withdrawals from restricted cash funds			0	0
Other—net				0
Net cash used in investing activities			9	0
Financing Activities:
Proceeds from (Repayments of) Debt			(126)
Short-term debt—net			258	(112)
Proceeds from short-term borrowings				150
Payments of short-term borrowings				(150)
Financing fees			(1)	(11)
Dividends paid on common stock			0	(140)
Dividends to/from affiliates			0	140
Issuance of noncontrolling interest in CFN				0
Distribution received for CHS strategic venture				0
Issuances of common stock under employee stock plans			0
Proceeds from (Payments for) Other Financing Activities				0
Distributions to noncontrolling interests			0	0
Net cash (used in) provided by financing activities			131	(123)
Effect of exchange rate changes on cash and cash equivalents			0	0
Increase in cash and cash equivalents			(4)	4
Cash and cash equivalents at beginning of period			36	0
Cash and cash equivalents at end of period	32	4	32	4
Reportable legal entities | Guarantor Subsidiaries [Member]
Operating Activities:
Net (loss) earnings	(70)	70	(53)	171
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Depreciation and amortization			16	50
Deferred income taxes			(44)	706
Stock-based compensation expense			0	0
Unrealized net loss (gain) on natural gas and foreign currency derivatives			54	(147)
Unrealized loss on embedded derivative			4	22
Loss on disposal of property, plant and equipment			0	2
Undistributed loss (earnings) of affiliates—net			(126)	(404)
Changes in:
Intercompany accounts receivable/accounts payable - net			92	192
Accounts receivable—net			(23)	5
Inventories			1	(16)
Accrued and prepaid income taxes			832	(649)
Accounts and notes payable and accrued expenses			(4)	(46)
Customer advances			51	(75)
Other—net			(46)	(9)
Net cash provided by operating activities			754	(198)
Investing Activities:
Additions to property, plant and equipment			(7)	(19)
Proceeds from sale of property, plant and equipment			0	4
Distributions received from unconsolidated affiliates			179
Proceeds from sale auction rate securities			0
Withdrawals from restricted cash funds			0	0
Other—net				(650)
Net cash used in investing activities			172	(665)
Financing Activities:
Proceeds from (Repayments of) Debt			215
Short-term debt—net			(473)	(186)
Proceeds from short-term borrowings				0
Payments of short-term borrowings				0
Financing fees			0	0
Dividends paid on common stock			0	(140)
Dividends to/from affiliates			73	176
Issuance of noncontrolling interest in CFN				0
Distribution received for CHS strategic venture				2,000
Issuances of common stock under employee stock plans			0
Proceeds from (Payments for) Other Financing Activities				0
Distributions to noncontrolling interests			0	0
Net cash (used in) provided by financing activities			(185)	1,850
Effect of exchange rate changes on cash and cash equivalents			0	0
Increase in cash and cash equivalents			741	987
Cash and cash equivalents at beginning of period			878	121
Cash and cash equivalents at end of period	1,619	1,108	1,619	1,108
Reportable legal entities | Non-Guarantor Subsidiaries [Member]
Operating Activities:
Net (loss) earnings	3	73	185	396
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Depreciation and amortization			622	421
Deferred income taxes			(10)	(5)
Stock-based compensation expense			0	1
Unrealized net loss (gain) on natural gas and foreign currency derivatives			10	(22)
Unrealized loss on embedded derivative			0	0
Loss on disposal of property, plant and equipment			3	6
Undistributed loss (earnings) of affiliates—net			7	0
Changes in:
Intercompany accounts receivable/accounts payable - net			9	(294)
Accounts receivable—net			2	5
Inventories			11	12
Accrued and prepaid income taxes			3	(16)
Accounts and notes payable and accrued expenses			(28)	71
Customer advances			0	0
Other—net			(23)	86
Net cash provided by operating activities			791	661
Investing Activities:
Additions to property, plant and equipment			(283)	(1,800)
Proceeds from sale of property, plant and equipment			13	4
Distributions received from unconsolidated affiliates			(167)
Proceeds from sale auction rate securities			0
Withdrawals from restricted cash funds			5	16
Other—net				4
Net cash used in investing activities			(432)	(1,776)
Financing Activities:
Proceeds from (Repayments of) Debt			(89)
Short-term debt—net			6	230
Proceeds from short-term borrowings				0
Payments of short-term borrowings				0
Financing fees			0	0
Dividends paid on common stock			(73)	(176)
Dividends to/from affiliates			0	0
Issuance of noncontrolling interest in CFN				2,800
Distribution received for CHS strategic venture				(2,000)
Issuances of common stock under employee stock plans			0
Proceeds from (Payments for) Other Financing Activities				650
Distributions to noncontrolling interests			(125)	(111)
Net cash (used in) provided by financing activities			(281)	1,393
Effect of exchange rate changes on cash and cash equivalents			13	(1)
Increase in cash and cash equivalents			91	277
Cash and cash equivalents at beginning of period			250	164
Cash and cash equivalents at end of period	341	441	341	441
Eliminations
Operating Activities:
Net (loss) earnings	172	(74)	27	(496)
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Depreciation and amortization			0	0
Deferred income taxes			0	0
Stock-based compensation expense			0	0
Unrealized net loss (gain) on natural gas and foreign currency derivatives			0	0
Unrealized loss on embedded derivative			0	0
Loss on disposal of property, plant and equipment			0	0
Undistributed loss (earnings) of affiliates—net			(27)	496
Changes in:
Intercompany accounts receivable/accounts payable - net			0	0
Accounts receivable—net			0	0
Inventories			0	0
Accrued and prepaid income taxes			0	0
Accounts and notes payable and accrued expenses			0	0
Customer advances			0	0
Other—net			0	0
Net cash provided by operating activities			0	0
Investing Activities:
Additions to property, plant and equipment			0	0
Proceeds from sale of property, plant and equipment			0	0
Distributions received from unconsolidated affiliates			0
Proceeds from sale auction rate securities			0
Withdrawals from restricted cash funds			0	0
Other—net				650
Net cash used in investing activities			0	650
Financing Activities:
Proceeds from (Repayments of) Debt			0
Short-term debt—net			0	0
Proceeds from short-term borrowings				0
Payments of short-term borrowings				0
Financing fees			0	0
Dividends paid on common stock			73	456
Dividends to/from affiliates			(73)	(456)
Issuance of noncontrolling interest in CFN				0
Distribution received for CHS strategic venture				0
Issuances of common stock under employee stock plans			0
Proceeds from (Payments for) Other Financing Activities				(650)
Distributions to noncontrolling interests			0	0
Net cash (used in) provided by financing activities			0	(650)
Effect of exchange rate changes on cash and cash equivalents			0	0
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	$ 0	$ 0

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Millions	Oct. 30, 2017	Sep. 30, 2017	Dec. 31, 2016
Subsequent Event [Line Items]
Long-term Debt, Gross		$ 5,850	$ 5,850
CF Industries | Unsecured senior notes 6.875% due 2018 | Senior Notes
Subsequent Event [Line Items]
Long-term Debt, Gross			$ 800
Interest rate (as a percent)		6.875%	6.875%
CF Industries | Unsecured senior notes 6.875% due 2018 | Senior Notes | Subsequent Event [Member]
Subsequent Event [Line Items]
Long-term Debt, Gross	$ 800
Interest rate (as a percent)	6.875%
Early Repayment of Senior Debt	$ 817