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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities:      
Net earnings $ 1,477 $ 1,838 $ 3,937
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 925 869 850
Deferred income taxes (115) 81 (107)
Stock-based compensation expense 36 37 41
Loss on debt extinguishment 0 0 8
Unrealized net (gain) loss on natural gas derivatives (35) (39) 41
Impairment of equity method investment in PLNL 0 43 0
Unrealized gain on embedded derivative 0 0 (14)
U.K. long-lived and intangible asset impairment 0 0 239
Pension settlement loss and curtailment gains 0 0 17
Gain on sale of emission credits (47) (39) (6)
Loss on disposal of property, plant and equipment 12 4 2
Undistributed (earnings) losses of affiliate—net of taxes (2) 3 (1)
Changes in assets and liabilities, net of acquisition:      
Accounts receivable—net 77 100 (110)
Inventories (28) 152 (93)
Accrued and prepaid income taxes 1 (44) (227)
Accounts payable and accrued expenses 44 (88) 1
Customer advances (11) (100) (471)
Other—net (63) (60) (252)
Net cash provided by operating activities 2,271 2,757 3,855
Investing Activities:      
Additions to property, plant and equipment (518) (499) (453)
Proceeds from sale of property, plant and equipment 3 1 1
Purchase of Waggaman ammonia production facility 2 (1,223) 0
Distributions received from unconsolidated affiliate 0 0 6
Purchase of investments held in nonqualified employee benefit trust (2) (1) (1)
Proceeds from sale of investments held in nonqualified employee benefit trust 2 1 1
Purchase of emission credits (3) (2) (9)
Proceeds from sale of emission credits 47 39 15
Other—net 0 5 0
Net cash used in investing activities (469) (1,679) (440)
Financing Activities:      
Payments of long-term borrowings 0 0 (507)
Financing fees 0 (2) (4)
Dividends paid on common stock (364) (311) (306)
Distributions to noncontrolling interest (308) (459) (619)
Purchases of treasury stock (1,509) (580) (1,347)
Proceeds from issuances of common stock under employee stock plans 2 2 106
Cash paid for shares withheld for taxes (26) (22) (23)
Net cash used in financing activities (2,205) (1,372) (2,700)
Effect of exchange rate changes on cash and cash equivalents (15) 3 (20)
(Decrease) increase in cash and cash equivalents (418) (291) 695
Cash and cash equivalents at beginning of period 2,032 2,323 1,628
Cash and cash equivalents at end of period $ 1,614 $ 2,032 $ 2,323