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Stockholders' Equity
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Common Stock
Our Board of Directors (the Board) has authorized certain programs to repurchase shares of our common stock. These programs have generally permitted repurchases to 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.
On November 2, 2022, the Board authorized the repurchase of up to $3 billion of CF Holdings common stock, which is effective through December 31, 2025 (the 2022 Share Repurchase Program). On May 6, 2025, the Board authorized the repurchase of up to $2 billion of CF Holdings common stock commencing upon the completion of the 2022 Share Repurchase Program and effective through December 31, 2029 (the 2025 Share Repurchase Program). In October 2025, we completed the 2022 Share Repurchase Program and commenced repurchases under the 2025 Share Repurchase Program.
The following table summarizes the share repurchases under the 2022 Share Repurchase Program through September 30, 2025.
Shares
Amounts(1)
(in millions)
Shares repurchased in 20235.6 $425 
Shares repurchased in 2024:
First quarter4.3 347 
Second quarter4.0 305 
Third quarter6.1 476 
Fourth quarter4.4 385 
Total shares repurchased in 202418.8 1,513 
Shares repurchased in 2025:
First quarter5.4 434 
Second quarter2.8 202 
Third quarter4.3 364 
Total shares repurchased in 202512.5 1,000 
Shares repurchased as of September 30, 2025
36.9 $2,938 
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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, 2025, we repurchased approximately 12.5 million shares under the 2022 Share Repurchase Program for $1.00 billion, of which $5 million was accrued and unpaid as of September 30, 2025. In the nine months ended September 30, 2025, we retired approximately 8.7 million shares of repurchased stock, and we held 4.3 million shares of treasury stock as of September 30, 2025.
In the nine months ended September 30, 2024, we repurchased approximately 14.4 million shares under the 2022 Share Repurchase Program for $1.13 billion, and we retired approximately 8.5 million shares of repurchased stock.
Accumulated Other Comprehensive Loss
Changes to accumulated other comprehensive loss and the impact on other comprehensive income (loss) are as follows:
 Foreign
Currency
Translation
Adjustment		Unrealized
Gain on
Derivatives		Defined
Benefit
Plans		Accumulated
Other
Comprehensive
Income (Loss)
 (in millions)
Balance as of December 31, 2024$(221)$3 $(62)$(280)
Loss arising during the period— — (1)(1)
Effect of exchange rate changes and deferred taxes55 — (5)50 
Balance as of September 30, 2025$(166)$3 $(68)$(231)
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)