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Stockholders' Equity
 9 Months Ended
Sep. 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.
Shares
Amounts(1)
(in millions)
Shares repurchased in 2023:
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 
Third quarter6.1 476 
Total shares repurchased in 202414.4 1,128 
Shares repurchased as of September 30, 2024
20.0 $1,553 
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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 nine months ended September 30, 2024, we repurchased approximately 14.4 million shares under the 2022 Share Repurchase Program for $1.13 billion, and we retired approximately 8.5 million shares of repurchased stock. As of September 30, 2024, we held approximately 6.1 million shares of treasury stock.
In the second quarter of 2023, we completed the 2021 Share Repurchase Program with the repurchase of approximately 2.3 million shares for $155 million. In the nine months ended September 30, 2023, we repurchased approximately 2.7 million shares under the 2022 Share Repurchase Program for $200 million, and we retired approximately 3.3 million shares of repurchased stock.
Accumulated Other Comprehensive Loss
Changes to accumulated other comprehensive loss and the impact on other comprehensive income (loss) are as follows:
 Foreign
Currency
Translation
Adjustment		Unrealized
Gain on
Derivatives		Defined
Benefit
Plans		Accumulated
Other
Comprehensive
Income (Loss)
 (in millions)
Balance as of December 31, 2023$(146)$3 $(66)$(209)
Loss arising during the period— — (2)(2)
Effect of exchange rate changes and deferred taxes5 — (3)2 
Balance as of September 30, 2024$(141)$3 $(71)$(209)
Balance as of December 31, 2022$(179)$3 $(54)$(230)
Gain arising during the period— — 5 5 
Reclassification to earnings— — (1)(1)
Effect of exchange rate changes and deferred taxes3 — (2)1 
Balance as of September 30, 2023$(176)$3 $(52)$(225)