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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:      
Net earnings $ 1,838 $ 3,937 $ 1,260
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 869 850 888
Deferred income taxes 81 (107) (196)
Stock-based compensation expense 37 41 30
Loss on debt extinguishment 0 8 19
Unrealized net (gain) loss on natural gas derivatives (39) 41 25
Impairment of equity method investment in PLNL 43 0 0
(Gain) loss on embedded derivative 0 (14) 1
U.K. goodwill impairment 0 0 285
U.K. long-lived and intangible asset impairment 0 239 236
Pension settlement loss and curtailment gains 0 17 0
Gain on sale of emission credits (39) (6) (49)
Loss on disposal of property, plant and equipment 4 2 3
Undistributed losses (earnings) of affiliate—net of taxes 3 (1) (6)
Changes in assets and liabilities, net of acquisition:      
Accounts receivable—net 100 (110) (235)
Inventories 152 (93) (123)
Accrued and prepaid income taxes (44) (227) 94
Accounts payable and accrued expenses (88) 1 142
Customer advances (100) (471) 570
Other—net (60) (252) (71)
Net cash provided by operating activities 2,757 3,855 2,873
Investing Activities:      
Additions to property, plant and equipment (499) (453) (514)
Proceeds from sale of property, plant and equipment 1 1 1
Purchase of Waggaman ammonia production facility (1,223) 0 0
Distributions received from unconsolidated affiliate 0 6 0
Purchase of investments held in nonqualified employee benefit trust (1) (1) (13)
Proceeds from sale of investments held in nonqualified employee benefit trust 1 1 12
Purchase of emission credits (2) (9) (10)
Proceeds from sale of emission credits 39 15 58
Other—net 5 0 0
Net cash used in investing activities (1,679) (440) (466)
Financing Activities:      
Payments of long-term borrowings 0 (507) (518)
Payment to CHS related to credit provision 0 0 (5)
Financing fees (2) (4) 0
Dividends paid on common stock (311) (306) (260)
Distributions to noncontrolling interest (459) (619) (194)
Purchases of treasury stock (580) (1,347) (539)
Proceeds from issuances of common stock under employee stock plans 2 106 64
Cash paid for shares withheld for taxes (22) (23) (11)
Net cash used in financing activities (1,372) (2,700) (1,463)
Effect of exchange rate changes on cash and cash equivalents 3 (20) 1
(Decrease) increase in cash and cash equivalents (291) 695 945
Cash and cash equivalents at beginning of period 2,323 1,628 683
Cash and cash equivalents at end of period $ 2,032 $ 2,323 $ 1,628