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Acquisition of Waggaman Ammonia Production Facility (Tables)
12 Months Ended
Dec. 31, 2024
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Original Valuation(1)
Net Adjustments
to Fair Value(2)
Final
Valuation
(in millions)
Assets acquired and liabilities assumed
Current assets$37 $— $37 
Property, plant and equipment1,022 — 1,022 
Goodwill406 (2)404 
Other assets539 — 539 
Total assets acquired2,004 (2)2,002 
Current liabilities18 — 18 
Supply Contract liability757 — 757 
Other liabilities— 
Total liabilities assumed781 — 781 
Total net assets acquired$1,223 $(2)$1,221 
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(1)The purchase price related to the acquisition was initially allocated based on the information available at the acquisition date.
(2)We finalized our purchase accounting for the Waggaman ammonia production facility in the second quarter of 2024.