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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities:    
Net earnings $ 1,303 $ 1,085
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 670 704
Deferred income taxes 13 (69)
Stock-based compensation expense 35 26
Unrealized net loss (gain) on natural gas derivatives 1 (33)
Gain on sale of emission credits (8) (47)
Loss on disposal of property, plant and equipment 2 7
Loss on sale of Ince facility 23 0
Undistributed earnings of affiliate—net of taxes (7) (1)
Changes in assets and liabilities:    
Accounts receivable—net (215) 2
Inventories (54) (9)
Accrued and prepaid income taxes 19 23
Accounts payable and accrued expenses 60 (9)
Customer advances 358 218
Other—net 13 (46)
Net cash provided by operating activities 2,213 1,851
Investing Activities:    
Additions to property, plant and equipment (724) (321)
Purchase of Waggaman ammonia production facility 0 2
Proceeds from sale of property, plant and equipment 6 0
Proceeds from sale of Ince facility 4 0
Proceeds from sale of investments held in nonqualified employee benefit trust 0 1
Purchase of emission credits (1) (2)
Proceeds from sale of emission credits 8 47
Net cash used in investing activities (707) (273)
Financing Activities:    
Financing fees (1) 0
Dividends paid on common stock (248) (278)
Contributions from noncontrolling interests 291 0
Distributions to noncontrolling interest (304) (308)
Purchases of treasury stock (1,020) (1,134)
Proceeds from issuances of common stock under employee stock plans 1 2
Cash paid for shares withheld for taxes (14) (25)
Net cash used in financing activities (1,295) (1,743)
Effect of exchange rate changes on cash and cash equivalents 13 10
Increase (decrease) in cash and cash equivalents 224 (155)
Cash and cash equivalents at beginning of period 1,614 2,032
Cash and cash equivalents at end of period $ 1,838 $ 1,877