Company: CF
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001324404-25-000030
Chunk: 98

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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$2.19 $1.55 $6.39 $4.86 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. 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 nine months ended September 30, 2025 and the three and nine months ended September 30, 2024.

5.   Inventories 

Inventories consist of the following:  September 30,  2025December 31,  2024 (in millions)Finished goods$310 $263 Raw materials, spare parts and supplies57 51 Total inventories$367 $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:  September 30,  2025December 31,  2024 (in millions)Land$109 $114 Machinery and equipment13,961 13,801 Buildings and improvements1,044 1,011 Construction in progress725 482 Property, plant and equipment(1)15,839 15,408 Less: Accumulated depreciation and amortization9,007 8,673 Property, plant and equipment—net$6,832 $6,735 _______________________________________________________________________________(1)As of September 30, 2025 and December 31, 2024, we had property, plant and equipment that was accrued but unpaid of $164 million and $101 million, respectively. As of September 30, 2024 and December 31, 2023, we had property, plant and equipment that was accrued but unpaid of $122 million and $68 million, respectively. Depreciation and amortization related to property, plant and equipment was $215 million and $665 million for the three and nine months ended September 30, 2025, respectively, and $229 million and $701 million for the three and nine months ended September 30, 2024, respectively.Plant turnarounds—Scheduled inspections,