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Financing Agreements (Tables) | 3 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Components of long-term debt | Long-term debt presented on our consolidated balance sheets as of March 31, 2022 and December 31, 2021 consisted of the following debt securities issued by CF Industries:
| Effective Interest Rate |  | March 31, 2022 |  | December 31, 2021
|  | Principal |  | Carrying Amount(1) |  | Principal |  | Carrying Amount(1)
|  |  | (in millions)
Public Senior Notes: |  |  |  |  |  |  |  |  |
3.450% due June 2023(2) | 3.665% |  | $ | 500 |  |  | $ | 499 |  |  | $ | 500 |  |  | $ | 499 |
5.150% due March 2034 | 5.293% |  | 750 |  |  | 741 |  |  | 750 |  |  | 741 |
4.950% due June 2043 | 5.040% |  | 750 |  |  | 741 |  |  | 750 |  |  | 742 |
5.375% due March 2044 | 5.478% |  | 750 |  |  | 740 |  |  | 750 |  |  | 741 |
Senior Secured Notes: |  |  |  |  |  |  |  |  |
4.500% due December 2026(3) | 4.783% |  | 750 |  |  | 741 |  |  | 750 |  |  | 742 |
Total long-term debt |  |  | $ | 3,500 |  |  | $ | 3,462 |  |  | $ | 3,500 |  |  | $ | 3,465 |
Less: Current maturities of long-term debt |  |  | 500 |  |  | 499 |  |  | — |  |  | — |
Long-term debt, net of current maturities |  |  | $ | 3,000 |  |  | $ | 2,963 |  |  | $ | 3,500 |  |  | $ | 3,465 |
_______________________________________________________________________________ (1)Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discount was $8 million as of both March 31, 2022 and December 31, 2021, and total deferred debt issuance costs were $30 million and $27 million as of March 31, 2022 and December 31, 2021, respectively. (2)These notes were redeemed in full on April 21, 2022. (3)Effective August 23, 2021, these notes are no longer secured, in accordance with the terms of the applicable indenture.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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