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Financing Agreements (Tables)
 3 Months Ended
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 RateMarch 31, 2022December 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 debt500 499 — — 
Long-term debt, net of current maturities$3,000 $2,963 $3,500 $3,465 
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(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.