XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.23.2

Segment Disclosures | 6 Months Ended
--- | ---
Jun. 30, 2023
Segment Reporting [Abstract] |
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 primarily of selling, general and administrative expenses and other operating—net) and non-operating expenses (consisting primarily of interest and income taxes) are centrally managed and are not included in the measurement of segment profitability reviewed by management. Segment data for sales, cost of sales and gross margin for the three and six months ended June 30, 2023 and 2022 are presented in the table below.
| Ammonia |  | Granular Urea(1) |  | UAN(1) |  | AN(1) |  | Other(1) |  | Consolidated
| (in millions)
Three months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 525 |  |  | $ | 460 |  |  | $ | 548 |  |  | $ | 104 |  |  | $ | 138 |  |  | $ | 1,775 |
Cost of sales | 303 |  |  | 222 |  |  | 289 |  |  | 81 |  |  | 76 |  |  | 971 |
Gross margin | $ | 222 |  |  | $ | 238 |  |  | $ | 259 |  |  | $ | 23 |  |  | $ | 62 |  |  | 804 |
Total other operating costs and expenses |  |  |  |  |  |  |  |  |  |  | 77 |
Equity in earnings of operating affiliate |  |  |  |  |  |  |  |  |  |  | 7 |
Operating earnings |  |  |  |  |  |  |  |  |  |  | $ | 734 |
Three months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,115 |  |  | $ | 833 |  |  | $ | 976 |  |  | $ | 253 |  |  | $ | 212 |  |  | $ | 3,389 |
Cost of sales | 442 |  |  | 360 |  |  | 343 |  |  | 151 |  |  | 102 |  |  | 1,398 |
Gross margin | $ | 673 |  |  | $ | 473 |  |  | $ | 633 |  |  | $ | 102 |  |  | $ | 110 |  |  | 1,991 |
Total other operating costs and expenses(2) |  |  |  |  |  |  |  |  |  |  | 241 |
Equity in earnings of operating affiliate |  |  |  |  |  |  |  |  |  |  | 28 |
Operating earnings |  |  |  |  |  |  |  |  |  |  | $ | 1,778 |
Six months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 949 |  |  | $ | 1,071 |  |  | $ | 1,215 |  |  | $ | 263 |  |  | $ | 289 |  |  | $ | 3,787 |
Cost of sales | 583 |  |  | 549 |  |  | 635 |  |  | 185 |  |  | 168 |  |  | 2,120 |
Gross margin | $ | 366 |  |  | $ | 522 |  |  | $ | 580 |  |  | $ | 78 |  |  | $ | 121 |  |  | 1,667 |
Total other operating costs and expenses |  |  |  |  |  |  |  |  |  |  | 131 |
Equity in earnings of operating affiliate |  |  |  |  |  |  |  |  |  |  | 24 |
Operating earnings |  |  |  |  |  |  |  |  |  |  | $ | 1,560 |
Six months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,755 |  |  | $ | 1,598 |  |  | $ | 1,991 |  |  | $ | 476 |  |  | $ | 437 |  |  | $ | 6,257 |
Cost of sales | 722 |  |  | 630 |  |  | 688 |  |  | 322 |  |  | 206 |  |  | 2,568 |
Gross margin | $ | 1,033 |  |  | $ | 968 |  |  | $ | 1,303 |  |  | $ | 154 |  |  | $ | 231 |  |  | 3,689 |
Total other operating costs and expenses(2) |  |  |  |  |  |  |  |  |  |  | 307 |
Equity in earnings of operating affiliate |  |  |  |  |  |  |  |  |  |  | 54 |
Operating earnings |  |  |  |  |  |  |  |  |  |  | $ | 3,436 |
_______________________________________________________________________________ (1)The cost of the products that are upgraded into other products is transferred at cost into the upgraded product results. (2)Total other operating costs and expenses for the three and six months ended June 30, 2022 includes $162 million of asset impairment and restructuring charges related to our U.K. operations. See Note 5—United Kingdom Operations Restructuring for additional information.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration