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Segment Disclosures (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Summary of segment data for sales, cost of sales and gross margin
Segment data for gross margin, including sales and cost of sales, which also includes significant expenses, for the years ended December 31, 2024, 2023 and 2022 are presented in the tables below.
Year ended December 31,
 202420232022
 (in millions)
Ammonia(1)
Net sales$1,736 $1,679 $3,090 
Cost of sales:
Natural gas, including the impact of realized derivatives(2)
283 407 660 
Unrealized net mark-to-market (gain) loss on natural gas derivatives(13)(11)13 
Depreciation and amortization(3)
269 174 166 
Distribution and storage(4)
187 192 155 
Freight(5)
50 42 50 
Other segment items(6)
467 334 447 
Total cost of sales
1,243 1,138 1,491 
Gross margin$493 $541 $1,599 
Granular Urea
Net sales$1,600 $1,823 $2,892 
Cost of sales:
Natural gas, including the impact of realized derivatives(2)
241 363 632 
Unrealized net mark-to-market (gain) loss on natural gas derivatives(9)(11)13 
Depreciation and amortization(3)
284 285 272 
Distribution and storage(4)
9 10 8 
Freight(5)
32 43 39 
Other segment items(6)
369 320 364 
Total cost of sales
926 1,010 1,328 
Gross margin$674 $813 $1,564 
UAN
Net sales$1,678 $2,068 $3,572 
Cost of sales:
Natural gas, including the impact of realized derivatives(2)
234 367 612 
Unrealized net mark-to-market (gain) loss on natural gas derivatives(10)(11)14 
Depreciation and amortization(3)
268 288 269 
Distribution and storage(4)
60 67 68 
Freight(5)
142 156 180 
Other segment items(6)
375 384 346 
Total cost of sales
1,069 1,251 1,489 
Gross margin$609 $817 $2,083 
Year ended December 31,
202420232022
(in millions)
AN
Net sales$419 $497 $845 
Cost of sales:
Natural gas, including the impact of realized derivatives(2)
34 51 296 
Unrealized net mark-to-market gain on natural gas derivatives
(1)(2)(2)
Depreciation and amortization(3)
39 48 61 
Distribution and storage(4)
1 2 2 
Freight(5)
29 24 40 
Other segment items(6)
238 236 200 
Total cost of sales
340 359 597 
Gross margin$79 $138 $248 
Other(7)
Net sales$503 $564 $787 
Cost of sales:
Natural gas, including the impact of realized derivatives(2)
37 63 159 
Unrealized net mark-to-market (gain) loss on natural gas derivatives(2)(4)3 
Depreciation and amortization(3)
61 64 67 
Distribution and storage(4)
1 3 2 
Freight(5)
59 65 61 
Other segment items(6)
146 137 128 
Total cost of sales
302 328 420 
Gross margin$201 $236 $367 
Consolidated
Net sales$5,936 $6,631 $11,186 
Cost of sales:
Natural gas, including the impact of realized derivatives(2)
829 1,251 2,359 
Unrealized net mark-to-market (gain) loss on natural gas derivatives(35)(39)41 
Depreciation and amortization(3)
921 859 835 
Distribution and storage(4)
258 274 235 
Freight(5)
312 330 370 
Other segment items(6)
1,595 1,411 1,485 
Total cost of sales
3,880 4,086 5,325 
Gross margin$2,056 $2,545 $5,861 
Total other operating costs and expenses(8)
314 307 558 
Equity in earnings (loss) of operating affiliate(9)
4 (8)94 
Operating earnings$1,746 $2,230 $5,397 
_______________________________________________________________________________
(1)Ammonia segment results include the operating results of our Waggaman facility from the acquisition date of December 1, 2023.
(2)Natural gas costs include the impact of realized gains and losses on natural gas derivatives settled during the period.
(3)For the years ended December 31, 2024, 2023 and 2022, depreciation and amortization does not include $34 million, $13 million and $15 million, respectively, of depreciation and amortization allocated to Corporate, which includes amortization of definite-lived intangible assets. For the years ended December 31, 2024 and 2023, depreciation and amortization does not include $30 million and $3 million, respectively, related to amortization of the supply contract liability, which is recognized in net sales. See Note 6—Acquisition of Waggaman Ammonia Production Facility and Note 9—Goodwill and Other Intangible Assets for additional information.
(4)Distribution and storage costs consist of the cost of freight required to transport finished products from our manufacturing facilities to our distribution facilities and the costs to operate our network of distribution facilities in North America.
(5)Freight costs consist of the costs incurred by us to deliver products from one of our plants or distribution facilities to the customer. Freight costs are generally charged to the customer and included in net sales. In situations when control of the product transfers upon loading and the customer requests that we arrange delivery of the product, the amount of freight included in net sales is considered freight revenue. See Note 4—Revenue Recognition for additional information.
(6)Other segment items is primarily comprised of payroll, services, materials and supplies, and utilities at our manufacturing facilities.
(7)Other consists of all other products not included in our Ammonia, Granular Urea, UAN, or AN segments. All other products primarily include DEF, urea liquor, nitric acid and aqua ammonia.
(8)Total other operating costs and expenses for the year ended December 31, 2022 include $258 million of asset impairment and restructuring charges related to our U.K. operations. See Note 7—United Kingdom Operations Restructuring and Impairment Charges for additional information.
(9)Equity in loss of operating affiliate for the year ended December 31, 2023 includes an impairment of our equity method investment in PLNL of $43 million. See Note 10—Equity Method Investment for additional information.
Schedule of enterprise-wide data by geographic region
Enterprise-wide data by geographic region is as follows:
 Year ended December 31,
202420232022
(in millions)
Sales by geographic region (based on destination of shipments):
  
United States$4,419 $4,856 $8,212 
Foreign:
Canada534 607 849 
North America, excluding U.S. and Canada72 75 149 
United Kingdom327 346 642 
Other foreign584 747 1,334 
Total foreign1,517 1,775 2,974 
Consolidated$5,936 $6,631 $11,186 
 December 31,
 202420232022
 (in millions)
Property, plant and equipment—net by geographic region:
  
United States$6,172 $6,538 $5,812 
Foreign:
Canada426 466 506 
United Kingdom137 137 119 
Total foreign563 603 625 
Consolidated$6,735 $7,141 $6,437