Company: CF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001324404-25-000015
Chunk: 46

Company: CF Industries Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 disclosure, within the footnotes to the financial statements, of specified costs and expenses disaggregated from the amounts presented on consolidated statements of operations. The guidance in this ASU is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. 

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

We are currently evaluating the impact that our adoption of this ASU will have on the disclosures in our consolidated financial statements.

3.   Revenue Recognition

We track our revenue by product and by geography. See Note 14—Segment Disclosures for our revenue by reportable segment, which are Ammonia, Granular Urea, UAN, AN and Other. The following table summarizes our revenue by product and by geography (based on the destination of our shipment) for the three months ended March 31, 2025 and 2024:  AmmoniaGranular UreaUANANOtherTotal(in millions)Three months ended March 31, 2025North America$366 $439 $408 $47 $113 $1,373 Europe and other154 — 62 54 20 290 Total revenue$520 $439 $470 $101 $133 $1,663 Three months ended March 31, 2024North America$334 $403 $373 $48 $102 $1,260 Europe and other68 4 52 66 20 210 Total revenue$402 $407 $425 $114 $122 $1,470 As of March 31, 2025 and December 31, 2024, we had $241 million and $118 million, respectively, in customer advances on our consolidated balance sheets. During the three months ended March 31, 2025 and 2024, the revenue recognized that was included in our customer advances at the beginning of each respective period amounted to approximately $93 million and $110 million, respectively. We offer cash incentives to certain customers generally based on the volume of their purchases over the fertilizer year ending June 30. Our cash incentives do not provide an option to the customer for additional product. The balances of customer incentives accrued as of March 31, 2025 and December 31, 2024 were not material. We have certain