Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 63

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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. Shares for anti-dilutive stock-based awards not included in the computation of diluted earnings per common share were zero in both the three and six months ended June 30, 2025 and the three and six months ended June 30, 2024.

5.   Inventories 

Inventories consist of the following:  June 30,  2025December 31,  2024 (in millions)Finished goods$262 $263 Raw materials, spare parts and supplies54 51 Total inventories$316 $314 

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

6.   Property, Plant and Equipment—Net 

Property, plant and equipment—net consists of the following:  June 30,  2025December 31,  2024 (in millions)Land$109 $114 Machinery and equipment13,720 13,801 Buildings and improvements1,021 1,011 Construction in progress800 482 Property, plant and equipment(1)15,650 15,408 Less: Accumulated depreciation and amortization8,907 8,673 Property, plant and equipment—net$6,743 $6,735 _______________________________________________________________________________(1)As of June 30, 2025 and December 31, 2024, we had property, plant and equipment that was accrued but unpaid of $183 million and $101 million, respectively. As of June 30, 2024 and December 31, 2023, we had property, plant and equipment that was accrued but unpaid of $71 million and $68 million, respectively. Depreciation and amortization related to property, plant and equipment was $230 million and $450 million for the three and six months ended June 30, 2025, respectively, and $220 million and $472 million for the three and six months ended June 30, 2024, respectively.Plant turnarounds—Scheduled inspections, replacements and overhauls of plant machinery and equipment at our continuous process manufacturing facilities during a full plant shutdown are referred to as plant turnarounds. The expenditures related to plant turnarounds are capitalized in property, plant and equipment when incurred. Scheduled replacements and overhauls of plant machinery and equipment during a plant turnaround include the dismantling, repair or replacement and installation of various components including piping, valves,