Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 133

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 133
---
 evaluate segment performance and allocate resources. Total other operating costs and expenses (consisting primarily of selling, general and administrative expenses and other operating—net) and non-operating expenses (consisting primarily of interest and income taxes), are centrally managed and are not included in the measurement of segment profitability reviewed by management. The following table presents summary operating results by business segment:

AmmoniaGranular Urea(1)UAN(1)AN(1)Other(1)Consolidated(dollars in millions)Three months ended June 30, 2025Net sales$491 $547 $610 $117 $125 $1,890 Cost of sales355 268 340 92 80 1,135 Gross margin$136 $279 $270 $25 $45 $755 Gross margin percentage27.7 %51.0 %44.3 %21.4 %36.0 %39.9 %Three months ended June 30, 2024Net sales$409 $457 $475 $98 $133 $1,572 Cost of sales262 230 259 75 67 893 Gross margin$147 $227 $216 $23 $66 $679 Gross margin percentage35.9 %49.7 %45.5 %23.5 %49.6 %43.2 %Six months ended June 30, 2025Net sales$1,011 $986 $1,080 $218 $258 $3,553 Cost of sales689 534 668 177 158 2,226 Gross margin$322 $452 $412 $41 $100 $1,327 Gross margin percentage31.8 %45.8 %38.1 %18.8 %38.8 %37.3 %Six months ended June 30, 2024Net sales$811 $864 $900 $212 $255 $3,042 Cost of sales599 483 541 180 151 1,954 Gross margin$212 $381 $359 $32 $104 $1,088 Gross margin percentage26.1 %44.1 %39.9 %