Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 95

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 share of the net earnings from this equity method investment as an element of earnings from operations because PLNL provides additional production to our operations and is integrated with our other supply chain and sales activities in the Ammonia segment. As of June 30, 2025, the total carrying value of our equity method investment in PLNL was $35 million.We have transactions in the normal course of business with PLNL reflecting our obligation to purchase 50% of the ammonia produced by PLNL at current market prices. Our ammonia purchases from PLNL totaled $21 million and $55 million for the three and six months ended June 30, 2025, respectively, and $16 million and $46 million for the three and six months ended June 30, 2024, respectively.

8.   Fair Value Measurements 

Our cash and cash equivalents and other investments consist of the following:  June 30, 2025 Cost BasisUnrealizedGainsUnrealizedLossesFair Value (in millions)Cash$444 $— $— $444 Cash equivalents:U.S. and Canadian government obligations374 — — 374 Other debt securities868 — — 868 Total cash and cash equivalents$1,686 $— $— $1,686 Nonqualified employee benefit trusts15 2 — 17  December 31, 2024 Cost BasisUnrealizedGainsUnrealizedLossesFair Value (in millions)Cash$168 $— $— $168 Cash equivalents:U.S. and Canadian government obligations932 — — 932 Other debt securities514 — — 514 Total cash and cash equivalents$1,614 $— $— $1,614 Nonqualified employee benefit trusts15 2 — 17 Under our short-term investment policy, we may invest our cash balances, either directly or through mutual funds, in several types of investment-grade securities, including notes and bonds issued by governmental entities or corporations and also in bank deposits. Securities issued by governmental entities include those issued directly by the U.S. and Canadian federal governments; those issued by state, local or other governmental entities; and those guaranteed by entities affiliated with governmental entities.

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following tables present assets and liabilities included in our