Company: CF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001104659-25-027767
Chunk: 52

Company: CF Industries Holdings, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 52
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| ​ | ​ | Safety                  | ​ | ​ | ​ | As of December 31, 2024, the company’s 12-month rolling average recordable incident rate was 0.31 incidents per 200,000 work hours — an industry leading result              | ​ | ​ |
| ​ | ​ | Operational Excellence  | ​ | ​ | ​ | Long-term asset utilization over the last five years is approximately 8% higher than the average utilization rate of our North American competitors                          | ​ | ​ |
| ​ | ​ | Efficiency              | ​ | ​ | ​ | SG&A costs as a percentage of sales remained among the lowest in both the chemicals and fertilizer industries in 2024                                                        | ​ | ​ |
| ​ | ​ | Return to Shareholders  | ​ | ​ | ​ | Returned $1.87 billion to shareholders in 2024 through $1.51 billion in share repurchases and $364 million in dividend payments                                              | ​ | ​ |
| ​ | ​ | Clean Energy Commitment | ​ | ​ | ​ | We are taking significant steps to decarbonize our own production network and support a global hydrogen and clean fuel economy, through the production of low-carbon ammonia | ​ | ​ |

(1) EBITDA is defined as net earnings attributable to common stockholders plus interest expense (income)-net, income taxes and depreciation and amortization. Adjusted EBITDA as reported is defined as EBITDA adjusted for selected items as shown in Appendix A. See Appendix A for a reconciliation of EBITDA and adjusted EBITDA as reported to the most directly comparable GAAP measure. (2) See “— Compensation Discussion and Analysis: In Detail — Key Elements of NEO Compensation Program — Our Metrics Defined” for the definition of Adjusted EBITDA for purposes of our annual incentive plan. Adjusted EBITDA as defined under our annual incentive plan may differ from the company’s adjusted EBITDA as reported due to further adjustments permitted under the terms of the annual incentive plan and approved by the compensation and management development committee. (3) The completion of specified clean energy milestones relating to the development of a new carbon capture and sequestration project, the advancement of a project to develop a greenfield low-carbon ammonia facility, the commercialization of greenhouse gas (GHG) abatement credits, and the evaluation and implementation of recommendations for reporting GHG Scope 1 emissions. (4) The completion of specified sustainability goals related to key initiatives that