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Financing Agreements (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Long-term Debt

Long-term debt presented on our consolidated balance sheets as of December 31, 2022 and 2021 consisted of the following debt securities issued by CF Industries:

			Effective Interest Rate						December 31, 2022												December 31, 2021
									Principal						Carrying Amount(1)						Principal						Carrying Amount(1)
									(in millions)
Public Senior Notes:
3.450% due June 2023			3.665%						$	—					$	—					$	500					$	499
5.150% due March 2034			5.293%						750						741						750						741
4.950% due June 2043			5.040%						750						742						750						742
5.375% due March 2044			5.478%						750						740						750						741
Senior Secured Notes:
4.500% due December 2026(2)			4.783%						750						742						750						742
Total long-term debt									$	3,000					$	2,965					$	3,500					$	3,465

_______________________________________________________________________________

(1)Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discount was $7 million and $8 million as of December 31, 2022 and 2021, respectively, and total deferred debt issuance costs were $28 million and $27 million as of December 31, 2022 and 2021, respectively.

(2)Effective August 23, 2021, these notes are no longer secured, in accordance with the terms of the applicable indenture.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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