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Segment Disclosures (Tables)
 9 Months Ended
Sep. 30, 2025
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 three and nine months ended September 30, 2025 and 2024 are presented in the tables below.
Three months ended 
September 30,		Nine months ended 
September 30,
 2025202420252024
 (in millions)
Ammonia
Net sales$457 $353 $1,468 $1,164 
Cost of sales:
Natural gas, including the impact of realized derivatives(1)
99 59 317 200 
Unrealized net mark-to-market loss (gain) on natural gas derivatives— — 1 (12)
Depreciation and amortization(2)
72 63 187 199 
Distribution and storage(3)
37 39 132 118 
Freight(4)
16 14 41 38 
Other segment items(5)
125 95 360 326 
Total cost of sales
349 270 1,038 869 
Gross margin$108 $83 $430 $295 
Granular Urea
Net sales$423 $388 $1,409 $1,252 
Cost of sales:
Natural gas, including the impact of realized derivatives(1)
58 54 236 183 
Unrealized net mark-to-market gain on natural gas derivatives— — — (9)
Depreciation and amortization(2)
58 72 201 217 
Distribution and storage(3)
3 2 8 7 
Freight(4)
6 8 25 28 
Other segment items(5)
85 92 274 285 
Total cost of sales
210 228 744 711 
Gross margin$213 $160 $665 $541 
Three months ended 
September 30,		Nine months ended 
September 30,
 2025202420252024
 (in millions)
UAN
Net sales$517 $406 $1,597 $1,306 
Cost of sales:
Natural gas, including the impact of realized derivatives(1)
69 54 264 176 
Unrealized net mark-to-market (gain) loss on natural gas derivatives(1)1 — (9)
Depreciation and amortization(2)
60 69 205 206 
Distribution and storage(3)
13 15 51 47 
Freight(4)
36 33 107 106 
Other segment items(5)
110 100 328 287 
Total cost of sales
287 272 955 813 
Gross margin$230 $134 $642 $493 
AN
Net sales$122 $106 $340 $318 
Cost of sales:
Natural gas, including the impact of realized derivatives(1)
10 9 34 25 
Unrealized net mark-to-market gain on natural gas derivatives— — — (1)
Depreciation and amortization(2)
10 10 28 30 
Distribution and storage(3)
— 1 — 1 
Freight(4)
8 7 24 21 
Other segment items(5)
63 55 182 186 
Total cost of sales
91 82 268 262 
Gross margin$31 $24 $72 $56 
Other(6)
Net sales$140 $117 $398 $372 
Cost of sales:
Natural gas, including the impact of realized derivatives(1)
12 8 39 27 
Unrealized net mark-to-market gain on natural gas derivatives— — — (2)
Depreciation and amortization(2)
17 15 47 48 
Distribution and storage(3)
1 — 3 1 
Freight(4)
17 15 47 44 
Other segment items(5)
43 36 112 107 
Total cost of sales
90 74 248 225 
Gross margin$50 $43 $150 $147 
Three months ended 
September 30,		Nine months ended 
September 30,
 2025202420252024
 (in millions)
Consolidated
Net sales$1,659 $1,370 $5,212 $4,412 
Cost of sales:
Natural gas, including the impact of realized derivatives(1)
248 184 890 611 
Unrealized net mark-to-market (gain) loss on natural gas derivatives(1)1 1 (33)
Depreciation and amortization(2)
217 229 668 700 
Distribution and storage(3)
54 57 194 174 
Freight(4)
83 77 244 237 
Other segment items(5)
426 378 1,256 1,191 
Total cost of sales
1,027 926 3,253 2,880 
Gross margin632 444 1,959 1,532 
Total other operating costs and expenses58 82 288 228 
Equity in earnings of operating affiliate6 2 12 1 
Operating earnings$580 $364 $1,683 $1,305 
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(1)Natural gas costs include the impact of realized gains and losses on natural gas derivatives settled during the period.
(2)For the three months ended September 30, 2025 and 2024, depreciation and amortization does not include $9 million and $8 million, respectively, of depreciation and amortization allocated to Corporate, which includes amortization of definite-lived intangible assets. For the nine months ended September 30, 2025 and 2024, depreciation and amortization does not include $25 million and $27 million, respectively, of depreciation and amortization allocated to Corporate, which includes amortization of definite-lived intangible assets. For both the three months ended September 30, 2025 and 2024, depreciation and amortization does not include $8 million of amortization related to the Supply Contract liability, which is recognized in net sales. For both the nine months ended September 30, 2025 and 2024, depreciation and amortization does not include $23 million of amortization related to the Supply Contract liability, which is recognized in net sales. See Note 3—Revenue Recognition for additional information on the Supply Contract liability.
(3)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.
(4)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.
(5)Other segment items is primarily comprised of payroll, services, materials and supplies, and utilities at our manufacturing facilities.
(6)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.
Schedule of Goodwill The following table shows the carrying amount of goodwill by reportable segment as of September 30, 2025 and December 31, 2024:
AmmoniaGranular UreaUANANOtherTotal
(in millions)
Goodwill as of September 30, 2025 and December 31, 2024$980 $828 $576 $69 $39 $2,492