Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 103

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 103
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 CFN, any member contributions made to CFN and withdrawals and distributions received from CFN. We also have a 40% ownership interest in the Blue Point joint venture. JERA and Mitsui own the remaining membership interests. See Note 12—Variable Interest Entity for additional information on the Blue Point joint venture.For financial reporting purposes, the assets, liabilities and earnings of CFN and the Blue Point joint venture are consolidated into our financial statements. CHS’ interest in CFN and each of JERA’s and Mitsui’s interests in the Blue Point joint venture are recorded in noncontrolling interests in our consolidated financial statements.A reconciliation of the beginning and ending balances of noncontrolling interests and distributions payable to the noncontrolling interests in our consolidated balance sheets is provided below.20252024 CFNBlue Point TotalCFN (in millions)Noncontrolling interests:Balance as of January 1$2,607 $— $2,607 $2,656 Issuance of noncontrolling interests in Blue Point Number One, LLC— 235 235 — Earnings attributable to noncontrolling interests140 5 145 130 Declaration of distributions payable(129)— (129)(144)Balance as of June 30$2,618 $240 $2,858 $2,642 Distributions payable to noncontrolling interest:Balance as of January 1$— $— $— $— Declaration of distributions payable129 — 129 144 Distributions to noncontrolling interest(129)— (129)(144)Balance as of June 30$— $— $— $— 

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

CHS also receives deliveries pursuant to a supply agreement under which CHS has the right to purchase annually from CFN up to approximately 1.1 million tons of granular urea and 580,000 tons of UAN at market prices. As a result of its equity interest in CFN, CHS is entitled to semi-annual cash distributions from CFN. We are also entitled to semi-annual cash distributions from CFN. The amounts of distributions from CFN to us and CHS are based generally on the profitability of CFN and determined based on the volume of granular urea and UAN sold by CFN to us and CHS pursuant to supply agreements, less a formula driven amount based primarily on