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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities:    
Net earnings $ 1,085 $ 1,486
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 704 640
Deferred income taxes (69) (73)
Stock-based compensation expense 26 29
Unrealized net gain on natural gas derivatives (33) (65)
Impairment of equity method investment in PLNL 0 43
Gain on sale of emission credits (47) (39)
Loss on disposal of property, plant and equipment 7 4
Undistributed earnings of affiliate—net of taxes (1) (2)
Changes in assets and liabilities:    
Accounts receivable—net 2 165
Inventories (9) 130
Accrued and prepaid income taxes 23 57
Accounts payable and accrued expenses (9) (116)
Customer advances 218 53
Other—net (46) (35)
Net cash provided by operating activities 1,851 2,277
Investing Activities:    
Additions to property, plant and equipment (321) (311)
Purchase of Waggaman ammonia production facility 2 0
Proceeds from sale of property, plant and equipment 0 1
Proceeds from sale of investments held in nonqualified employee benefit trust 1 0
Purchase of emission credits (2) 0
Proceeds from sale of emission credits 47 39
Net cash used in investing activities (273) (271)
Financing Activities:    
Dividends paid on common stock (278) (235)
Distributions to noncontrolling interest (308) (459)
Purchases of treasury stock (1,134) (355)
Proceeds from issuances of common stock under employee stock plans 2 1
Shares withheld for taxes (25) (22)
Net cash provided by (used in) financing activities (1,743) (1,070)
Effect of exchange rate changes on cash and cash equivalents 10 (5)
(Decrease) increase in cash and cash equivalents (155) 931
Cash and cash equivalents at beginning of period 2,032 2,323
Cash and cash equivalents at end of period $ 1,877 $ 3,254