Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 62

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 The terms of the Supply Contract were determined to be unfavorable compared to market as of the acquisition date. As a result, we recorded an intangible liability with an acquisition date fair value of $757 million, which is being amortized to net sales over the estimated life of the Supply Contract of 25 years. For both the three months ended June 30, 2025 and 2024, we amortized $8 million of the Supply Contract liability into net sales. For both the six months ended June 30, 2025 and 2024, we amortized $15 million of the Supply Contract liability into net sales. As of June 30, 2025 and December 31, 2024, we had $709 million and $724 million, respectively, in Supply Contract liability on our consolidated balance sheets. Estimated amortization of the Supply Contract liability for the remainder of 2025 is approximately $15 million and for each of the fiscal years 2026 to 2030 is approximately $30 million.

4.   Net Earnings Per Share

Net earnings per share were computed as follows:  Three months ended  June 30,Six months ended  June 30, 2025202420252024 (in millions, except per share amounts)Net earnings attributable to common stockholders$386 $420 $698 $614 Basic earnings per common share:    Weighted-average common shares outstanding162.9 182.7 165.8 185.1 Net earnings attributable to common stockholders$2.37 $2.30 $4.21 $3.31 Diluted earnings per common share:    Weighted-average common shares outstanding162.9 182.7 165.8 185.1 Dilutive common shares—stock-based awards0.2 0.1 0.1 0.4 Diluted weighted-average common shares outstanding163.1 182.8 165.9 185.5 Net earnings attributable to common stockholders$2.37 $2.30 $4.20 $3.31 Diluted earnings per common share is calculated using weighted-average common shares outstanding, including the dilutive effect of stock-based awards as determined under the treasury stock method. In the computation of diluted earnings per common share, potentially dilutive stock-based awards are excluded if the effect of their inclusion is anti-dilutive