Company: CF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001324404-25-000015
Chunk: 74

Company: CF Industries Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 the third quarter of 2022, the final restructuring plan was approved, and the facility was subsequently decommissioned. In the three months ended March 31, 2025, the Ince facility was sold, including certain liabilities assumed by the buyer, and we recognized a loss of $23 million on the sale. The loss is reflected in U.K. operations restructuring in our consolidated statement of operations for the three months ended March 31, 2025.

7.   Equity Method Investment

We have a 50% ownership interest in Point Lisas Nitrogen Limited (PLNL), which operates an ammonia production facility in Trinidad and Tobago. We include our 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 March 31, 2025, the total carrying value of our equity method investment in PLNL was $33 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 $34 million and $30 million  for the three months ended March 31, 2025 and 2024, respectively.

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

8.   Fair Value Measurements

Our cash and cash equivalents and other investments consist of the following:  March 31, 2025 Cost BasisUnrealizedGainsUnrealizedLossesFair Value (in millions)Cash$206 $— $— $206 Cash equivalents:U.S. and Canadian government obligations707 — — 707 Other debt securities493 — — 493 Total cash and cash equivalents$1,406 $— $— $1,406 Nonqualified employee benefit trusts16 1 — 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 trusts