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Stockholders' Equity
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Common Stock
On November 3, 2021, our Board of Directors (the Board) authorized the repurchase of up to $1.5 billion of CF Holdings common stock through December 31, 2024 (the 2021 Share Repurchase Program). The 2021 Share Repurchase Program was completed in the second quarter of 2023. On November 2, 2022, the Board authorized the repurchase of up to $3 billion of CF Holdings common stock commencing upon completion of the 2021 Share Repurchase Program and effective through December 31, 2025 (the 2022 Share Repurchase Program). Repurchases under our share repurchase programs may be made from time to time in the open market, through privately negotiated transactions, through block transactions, through accelerated share repurchase programs, or otherwise. The manner, timing and amount of repurchases will be determined by our management based on the evaluation of market conditions, stock price, and other factors.
The following table summarizes the share repurchases under the 2022 Share Repurchase Program.
2022 Share Repurchase Program
Shares
Amounts(1)
(in millions)
Shares repurchased in 2023:
First quarter— $— 
Second quarter0.8 50 
Third quarter1.9 150 
Fourth quarter2.9 225 
Total shares repurchased in 20235.6 425 
Shares repurchased in 2024:
First quarter4.3 347 
Second quarter4.0 305 
Total shares repurchased in 20248.3 652 
Shares repurchased as of June 30, 2024
13.9 $1,077 
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(1)As defined in the 2022 Share Repurchase Program, amounts reflect the price paid for the shares of common stock repurchased, excluding commissions paid to brokers and excise taxes.
In the six months ended June 30, 2024, we repurchased approximately 8.3 million shares under the 2022 Share Repurchase Program for $652 million, of which $14 million was accrued and unpaid as of June 30, 2024. In the six months ended June 30, 2023, we completed the 2021 Share Repurchase Program with the repurchase of approximately 2.3 million shares for $155 million, and we repurchased approximately 0.8 million shares under the 2022 Share Repurchase Program for $50 million.
In the second quarter of 2024, we retired approximately 8.4 million shares of repurchased stock, and we held approximately 0.2 million shares of treasury stock as of June 30, 2024.
Accumulated Other Comprehensive Loss
Changes to accumulated other comprehensive loss and the impact on other comprehensive income (loss) are as follows:
 Foreign
Currency
Translation
Adjustment		Unrealized
Gain on
Derivatives		Defined
Benefit
Plans		Accumulated
Other
Comprehensive
Income (Loss)
 (in millions)
Balance as of December 31, 2023$(146)$3 $(66)$(209)
Loss arising during the period— — (2)(2)
Effect of exchange rate changes and deferred taxes(22)— 1 (21)
Balance as of June 30, 2024$(168)$3 $(67)$(232)
Balance as of December 31, 2022$(179)$3 $(54)$(230)
Gain arising during the period— — 5 5 
Effect of exchange rate changes and deferred taxes30 — (4)26 
Balance as of June 30, 2023$(149)$3 $(53)$(199)