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Segment Disclosures | 12 Months Ended
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Dec. 31, 2023
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 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. 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 9—Goodwill and Other Intangible Assets. Segment data for sales, cost of sales and gross margin for 2023, 2022 and 2021 are presented in the table below.
| Ammonia(1) |  | Granular Urea(2) |  | UAN(2) |  | AN(2) |  | Other(2) |  | Consolidated
| (in millions)
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,679 |  |  | $ | 1,823 |  |  | $ | 2,068 |  |  | $ | 497 |  |  | $ | 564 |  |  | $ | 6,631 |
Cost of sales | 1,138 |  |  | 1,010 |  |  | 1,251 |  |  | 359 |  |  | 328 |  |  | 4,086 |
Gross margin | $ | 541 |  |  | $ | 813 |  |  | $ | 817 |  |  | $ | 138 |  |  | $ | 236 |  |  | 2,545 |
Total other operating costs and expenses |  |  |  |  |  |  |  |  |  |  | 307 |
Equity in loss of operating affiliate(3) |  |  |  |  |  |  |  |  |  |  | (8) |
Operating earnings |  |  |  |  |  |  |  |  |  |  | $ | 2,230 |
Year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 3,090 |  |  | $ | 2,892 |  |  | $ | 3,572 |  |  | $ | 845 |  |  | $ | 787 |  |  | $ | 11,186 |
Cost of sales | 1,491 |  |  | 1,328 |  |  | 1,489 |  |  | 597 |  |  | 420 |  |  | 5,325 |
Gross margin | $ | 1,599 |  |  | $ | 1,564 |  |  | $ | 2,083 |  |  | $ | 248 |  |  | $ | 367 |  |  | 5,861 |
Total other operating costs and expenses(4) |  |  |  |  |  |  |  |  |  |  | 558 |
Equity in earnings of operating affiliate |  |  |  |  |  |  |  |  |  |  | 94 |
Operating earnings |  |  |  |  |  |  |  |  |  |  | $ | 5,397 |
Year ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,787 |  |  | $ | 1,880 |  |  | $ | 1,788 |  |  | $ | 510 |  |  | $ | 573 |  |  | $ | 6,538 |
Cost of sales | 1,162 |  |  | 992 |  |  | 1,119 |  |  | 475 |  |  | 403 |  |  | 4,151 |
Gross margin | $ | 625 |  |  | $ | 888 |  |  | $ | 669 |  |  | $ | 35 |  |  | $ | 170 |  |  | 2,387 |
Total other operating costs and expenses(4) |  |  |  |  |  |  |  |  |  |  | 705 |
Equity in earnings of operating affiliate |  |  |  |  |  |  |  |  |  |  | 47 |
Operating earnings |  |  |  |  |  |  |  |  |  |  | $ | 1,729 |
_______________________________________________________________________________ (1)Cost of sales and gross margin for the Ammonia segment for the year ended December 31, 2021 include a $112 million gain on the net settlement of certain natural gas contracts with our suppliers. See Note 17—Derivative Financial Instruments for additional information. (2)The cost of the products that are upgraded into other products is transferred at cost into the upgraded product results. (3)Equity in loss of operating affiliate for the year ended December 31, 2023 includes an impairment of our equity method investment in PLNL of $43 million. See Note 10—Equity Method Investment for additional information. (4)Total other operating costs and expenses for the year ended December 31, 2022 include $258 million of asset impairment and restructuring charges related to our U.K. operations. Total other operating costs and expenses for the year ended December 31, 2021 include $521 million of asset impairment charges related to our U.K. operations. See Note 7—United Kingdom Operations Restructuring and Impairment Charges for additional information. Depreciation and amortization by segment for 2023, 2022 and 2021 is as follows:
| Ammonia |  | Granular Urea |  | UAN |  | AN |  | Other |  |  |  | Corporate |  | Consolidated
| (in millions)
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year ended December 31, 2023 | $ | 171 |  |  | $ | 285 |  |  | $ | 288 |  |  | $ | 48 |  |  | $ | 64 |  |  |  |  | $ | 13 |  |  | $ | 869 |
Year ended December 31, 2022 | 166 |  |  | 272 |  |  | 269 |  |  | 61 |  |  | 67 |  |  |  |  | 15 |  |  | 850 |
Year ended December 31, 2021 | 209 |  |  | 235 |  |  | 259 |  |  | 77 |  |  | 87 |  |  |  |  | 21 |  |  | 888 |
Enterprise-wide data by geographic region is as follows:
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
| (in millions)
Sales by geographic region (based on destination of shipments): |  |  |  |  |
United States | $ | 4,856 |  |  | $ | 8,212 |  |  | $ | 5,086 |
Foreign: |  |  |  |  |
Canada | 607 |  |  | 849 |  |  | 568 |
North America, excluding U.S. and Canada | 75 |  |  | 149 |  |  | 79 |
United Kingdom | 346 |  |  | 642 |  |  | 464 |
Other foreign | 747 |  |  | 1,334 |  |  | 341 |
Total foreign | 1,775 |  |  | 2,974 |  |  | 1,452 |
Consolidated | $ | 6,631 |  |  | $ | 11,186 |  |  | $ | 6,538 |
| December 31,
| 2023 |  | 2022 |  | 2021
| (in millions)
Property, plant and equipment—net by geographic region: |  |  |  |  |
United States | $ | 6,538 |  |  | $ | 5,812 |  |  | $ | 6,211 |
Foreign: |  |  |  |  |
Canada | 466 |  |  | 506 |  |  | 485 |
United Kingdom | 137 |  |  | 119 |  |  | 385 |
Total foreign | 603 |  |  | 625 |  |  | 870 |
Consolidated | $ | 7,141 |  |  | $ | 6,437 |  |  | $ | 7,081 |
Our principal customers are cooperatives, independent fertilizer distributors, traders, wholesalers and industrial users. In 2023, 2022 and 2021, CHS accounted for approximately 13%, 13% and 14% of our consolidated net sales, respectively. See Note 19—Noncontrolling Interest for additional information.

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