Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 121

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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 ended June 30, 2024.

Items Affecting Comparability of Results

For the three months ended June 30, 2025 and 2024, we reported net earnings attributable to common stockholders of $386 million and $420 million, respectively. For the six months ended June 30, 2025 and 2024, we reported net earnings attributable to common stockholders of $698 million and $614 million, respectively. In addition to the impact of market conditions discussed above, certain items affected the comparability of our financial results for the three and six months ended June 30, 2025 and 2024. The following table and related discussion outline these items and their impact on the comparability of our financial results for these periods. The descriptions of items below that refer to amounts in the table refer to the pre-tax amounts unless otherwise noted.

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Pre-TaxAfter-TaxPre-TaxAfter-TaxPre-TaxAfter-TaxPre-TaxAfter-Tax(in millions)Unrealized net mark-to-market (gain) loss on natural gas derivatives(1)$— $— $(1)$(1)$2 $1 $(34)$(26)(Gain) loss on foreign currency transactions(2)(3)(3)(3)— — (1)(3)1 1 Blue Point joint venture construction costs(2)(3)2 2 — — 2 2 — — Loss on sale of Ince facility(4)— — — — 23 21 — — Integration costs— — 1 1 — — 4 3 

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(1)Included in cost of sales in our consolidated statements of operations.

(2)Included in other operating—net in our consolidated statements of operations.

(3)Includes results related to the Blue Point joint venture, of which we have a 40% equity interest. The after-tax impact for amounts related to the Blue Point joint venture does not include a tax provision on the 60% attributable to noncontrolling interests.

(4)Included in U.K. operations restructuring in our consolidated statement of operations.

Unrealized net mark-to-market (gain) loss on natural gas derivatives

Natural gas is the largest and most volatile single