Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Jan. 31, 2014 | Jun. 30, 2013 | |
Document and Entity Information | ' | ' | ' |
Entity Registrant Name | 'CF Industries Holdings, Inc. | ' | ' |
Entity Central Index Key | '0001324404 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $9,908,048,406 |
Entity Common Stock, Shares Outstanding | ' | 55,465,880 | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CONSOLIDATED STATEMENTS OF OPERATIONS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $1,326.30 | $1,097 | $1,714.90 | $1,336.50 | $1,481.40 | $1,359.40 | $1,735.60 | $1,527.60 | $5,474.70 | $6,104 | $6,097.90 |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 2,954.50 | 2,990.70 | 3,202.30 |
Gross margin | 593.8 | 386.1 | 865.2 | 675.1 | 656.2 | 702 | 1,043.30 | 711.8 | 2,520.20 | 3,113.30 | 2,895.60 |
Selling, general and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | 166 | 151.8 | 130 |
Restructuring and integration costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.4 |
Other operating - net | ' | ' | ' | ' | ' | ' | ' | ' | -15.8 | 49.1 | 20.9 |
Total other operating costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 150.2 | 200.9 | 155.3 |
Equity in earnings of operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 41.7 | 47 | 50.2 |
Operating earnings | ' | ' | ' | ' | ' | ' | ' | ' | 2,411.70 | 2,959.40 | 2,790.50 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 152.2 | 135.3 | 147.2 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | -4.7 | -4.3 | -1.7 |
Other non-operating - net | ' | ' | ' | ' | ' | ' | ' | ' | 54.5 | -1.1 | -0.6 |
Earnings before income taxes and equity in earnings of non-operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 2,209.70 | 2,829.50 | 2,645.60 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | 686.5 | 964.2 | 926.5 |
Equity in earnings of non-operating affiliates - net of taxes | ' | ' | ' | ' | ' | ' | ' | ' | 9.6 | 58.1 | 41.9 |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | 1,532.80 | 1,923.40 | 1,761 |
Less: Net earnings attributable to the noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | 68.2 | 74.7 | 221.8 |
Net earnings attributable to common stockholders | $325.80 | $234.10 | $498.20 | $406.50 | $470.70 | $403.30 | $606.30 | $368.40 | $1,464.60 | $1,848.70 | $1,539.20 |
Net earnings per share attributable to common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic (in dollars per share) | $5.73 | $4.09 | $8.43 | $6.53 | $7.48 | $6.43 | $9.42 | $5.62 | $24.87 | $28.94 | $22.18 |
Diluted (in dollars per share) | $5.71 | $4.07 | $8.38 | $6.47 | $7.40 | $6.35 | $9.31 | $5.54 | $24.74 | $28.59 | $21.98 |
Weighted average common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 58.9 | 63.9 | 69.4 |
Diluted (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 59.2 | 64.7 | 70 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ' | ' | ' |
Net earnings | $1,532.80 | $1,923.40 | $1,761 |
Other comprehensive income (loss): | ' | ' | ' |
Foreign currency translation adjustment - net of taxes | -30.2 | 46.7 | -7.6 |
Unrealized gain on hedging derivatives - net of taxes | 1.9 | 4.6 | ' |
Unrealized gain on securities - net of taxes | 1 | 2.6 | 1.9 |
Defined benefit plans - net of taxes | 33.6 | -3.5 | -40.9 |
Total other comprehensive income (loss) | 6.3 | 50.4 | -46.6 |
Comprehensive income | 1,539.10 | 1,973.80 | 1,714.40 |
Less: Comprehensive income attributable to the noncontrolling interest | 67.5 | 75.4 | 221.2 |
Comprehensive income attributable to common stockholders | $1,471.60 | $1,898.40 | $1,493.20 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Millions, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $1,710.80 | $2,274.90 | $1,207 | $797.70 |
Restricted cash | 154 | ' | ' | ' |
Accounts receivable - net | 230.9 | 217.4 | ' | ' |
Inventories - net | 274.3 | 277.9 | ' | ' |
Deferred income taxes | 60 | 9.5 | ' | ' |
Prepaid income taxes | 33.4 | ' | ' | ' |
Assets held for sale | 74.3 | ' | ' | ' |
Other | 92.4 | 27.9 | ' | ' |
Total current assets | 2,630.10 | 2,807.60 | ' | ' |
Property, plant and equipment - net | 4,101.70 | 3,900.50 | ' | ' |
Asset retirement obligation funds | ' | 200.8 | ' | ' |
Investments in and advances to affiliates | 926 | 935.6 | ' | ' |
Goodwill | 2,095.80 | 2,064.50 | ' | ' |
Noncurrent assets held for sale | 679 | ' | ' | ' |
Other assets | 245.5 | 257.9 | ' | ' |
Total assets | 10,678.10 | 10,166.90 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable and accrued expenses | 564.1 | 366.5 | ' | ' |
Income taxes payable | 73.3 | 187.1 | ' | ' |
Customer advances | 120.6 | 380.7 | ' | ' |
Notes payable | ' | 5 | ' | ' |
Distributions payable to noncontrolling interest | ' | 5.3 | 149.7 | 78 |
Liabilities held for sale | 26.8 | ' | ' | ' |
Other | 43.5 | 5.6 | ' | ' |
Total current liabilities | 828.3 | 950.2 | ' | ' |
Long-term debt | 3,098.10 | 1,600 | ' | ' |
Deferred income taxes | 833.2 | 938.8 | ' | ' |
Noncurrent liabilities held for sale | 154.5 | ' | ' | ' |
Other noncurrent liabilities | 325.6 | 395.7 | ' | ' |
Stockholders' equity: | ' | ' | ' | ' |
Preferred stock - $0.01 par value, 50,000,000 shares authorized | 'Â Â | 'Â Â | ' | ' |
Common stock - $0.01 par value, 500,000,000 shares authorized, 2013 - 56,733,712 shares issued and 2012 - 62,961,628 shares issued | 0.6 | 0.6 | ' | ' |
Paid-in capital | 1,594.30 | 2,492.40 | ' | ' |
Retained earnings | 3,725.60 | 3,461.10 | ' | ' |
Treasury stock - at cost, 2013 - 885,518 shares and 2012 - 10,940 shares | -201.8 | -2.3 | ' | ' |
Accumulated other comprehensive loss | -42.6 | -49.6 | -99.3 | -53.3 |
Total stockholders' equity | 5,076.10 | 5,902.20 | ' | ' |
Noncontrolling interest | 362.3 | 380 | 385.9 | 383 |
Total equity | 5,438.40 | 6,282.20 | 4,932.90 | 4,433.40 |
Total liabilities and equity | $10,678.10 | $10,166.90 | ' | ' |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
CONSOLIDATED BALANCE SHEETS | ' | ' |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 56,733,712 | 62,961,628 |
Treasury stock, shares | 885,518 | 10,940 |
CONSOLIDATED_STATEMENTS_OF_EQU
CONSOLIDATED STATEMENTS OF EQUITY (USD $) | Total | Total Stockholders' Equity | Common Stock | Treasury Stock | Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Noncontrolling Interest |
In Millions, unless otherwise specified | ||||||||
Balance at Dec. 31, 2010 | $4,433.40 | $4,050.40 | $0.70 | ' | $2,732.20 | $1,370.80 | ($53.30) | $383 |
Increase (decrease) in equity | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings | 1,761 | 1,539.20 | ' | ' | ' | 1,539.20 | ' | 221.8 |
Other comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | -7.6 | -7 | ' | ' | ' | ' | -7 | -0.6 |
Unrealized gain on securities - net of taxes | 1.9 | 1.9 | ' | ' | ' | ' | 1.9 | ' |
Defined benefit plans-net of taxes | -40.9 | -40.9 | ' | ' | ' | ' | -40.9 | ' |
Comprehensive income | 1,714.40 | 1,493.20 | ' | ' | ' | ' | ' | 221.2 |
Acquisition of treasury stock under employee stock plans | -0.4 | -0.4 | ' | -0.4 | ' | ' | ' | ' |
Purchases of treasury stock | -1,000.20 | -1,000.20 | ' | -1,000.20 | ' | ' | ' | ' |
Issuance of $0.01 par value common stock under employee stock plans | 15.6 | 15.6 | ' | 0.4 | 15.5 | -0.3 | ' | ' |
Stock-based compensation expense | 9.9 | 9.9 | ' | ' | 9.9 | ' | ' | ' |
Excess tax benefit from stock-based compensation | 47.2 | 47.2 | ' | ' | 47.2 | ' | ' | ' |
Cash dividends ($2.20, $1.60 and $1.00 per share) for the years ended 2013, 2012 and 2011, respectively | -68.7 | -68.7 | ' | ' | ' | -68.7 | ' | ' |
Distributions declared to noncontrolling interests | -213.9 | ' | ' | ' | ' | ' | ' | -213.9 |
Effect of exchange rates changes | -4.4 | ' | ' | ' | ' | ' | ' | -4.4 |
Balance at Dec. 31, 2011 | 4,932.90 | 4,547 | 0.7 | -1,000.20 | 2,804.80 | 2,841 | -99.3 | 385.9 |
Increase (decrease) in equity | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings | 1,923.40 | 1,848.70 | ' | ' | ' | 1,848.70 | ' | 74.7 |
Other comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | 46.7 | 46 | ' | ' | ' | ' | 46 | 0.7 |
Unrealized gain on hedging derivatives-net of taxes | 4.6 | 4.6 | ' | ' | ' | ' | 4.6 | ' |
Unrealized gain on securities - net of taxes | 2.6 | 2.6 | ' | ' | ' | ' | 2.6 | ' |
Defined benefit plans-net of taxes | -3.5 | -3.5 | ' | ' | ' | ' | -3.5 | ' |
Comprehensive income | 1,973.80 | 1,898.40 | ' | ' | ' | ' | ' | 75.4 |
Acquisition of treasury stock under employee stock plans | -2.3 | -2.3 | ' | -2.3 | ' | ' | ' | ' |
Purchases of treasury stock | -500 | -500 | ' | -500 | ' | ' | ' | ' |
Retirement of treasury stock | ' | ' | -0.1 | 1,500.20 | -374.2 | -1,125.90 | ' | ' |
Issuance of $0.01 par value common stock under employee stock plans | 14.6 | 14.6 | ' | ' | 14.6 | ' | ' | ' |
Stock-based compensation expense | 11.1 | 11.1 | ' | ' | 11.1 | ' | ' | ' |
Excess tax benefit from stock-based compensation | 36.1 | 36.1 | ' | ' | 36.1 | ' | ' | ' |
Cash dividends ($2.20, $1.60 and $1.00 per share) for the years ended 2013, 2012 and 2011, respectively | -102.7 | -102.7 | ' | ' | ' | -102.7 | ' | ' |
Distributions declared to noncontrolling interests | -83.1 | ' | ' | ' | ' | ' | ' | -83.1 |
Effect of exchange rates changes | 1.8 | ' | ' | ' | ' | ' | ' | 1.8 |
Balance at Dec. 31, 2012 | 6,282.20 | 5,902.20 | 0.6 | -2.3 | 2,492.40 | 3,461.10 | -49.6 | 380 |
Increase (decrease) in equity | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings | 1,532.80 | 1,464.60 | ' | ' | ' | 1,464.60 | ' | 68.2 |
Other comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | -30.2 | -29.5 | ' | ' | ' | ' | -29.5 | -0.7 |
Unrealized gain on hedging derivatives-net of taxes | 1.9 | 1.9 | ' | ' | ' | ' | 1.9 | ' |
Unrealized gain on securities - net of taxes | 1 | 1 | ' | ' | ' | ' | 1 | ' |
Defined benefit plans-net of taxes | 33.6 | 33.6 | ' | ' | ' | ' | 33.6 | ' |
Comprehensive income | 1,539.10 | 1,471.60 | ' | ' | ' | ' | ' | 67.5 |
Acquisition of noncontrolling interest in CFL | -769.3 | -752.5 | ' | ' | -752.5 | ' | ' | -16.8 |
Acquisition of treasury stock under employee stock plans | -3.2 | -3.2 | ' | -3.2 | ' | ' | ' | ' |
Purchases of treasury stock | -1,449.30 | -1,449.30 | ' | -1,449.30 | ' | ' | ' | ' |
Retirement of treasury stock | ' | ' | ' | 1,247.80 | -180.4 | -1,067.40 | ' | ' |
Issuance of $0.01 par value common stock under employee stock plans | 10.3 | 10.3 | ' | 5.2 | 8.7 | -3.6 | ' | ' |
Stock-based compensation expense | 12.6 | 12.6 | ' | ' | 12.6 | ' | ' | ' |
Excess tax benefit from stock-based compensation | 13.5 | 13.5 | ' | ' | 13.5 | ' | ' | ' |
Cash dividends ($2.20, $1.60 and $1.00 per share) for the years ended 2013, 2012 and 2011, respectively | -129.1 | -129.1 | ' | ' | ' | -129.1 | ' | ' |
Distributions declared to noncontrolling interests | -68.5 | ' | ' | ' | ' | ' | ' | -68.5 |
Effect of exchange rates changes | 0.1 | ' | ' | ' | ' | ' | ' | 0.1 |
Balance at Dec. 31, 2013 | $5,438.40 | $5,076.10 | $0.60 | ($201.80) | $1,594.30 | $3,725.60 | ($42.60) | $362.30 |
CONSOLIDATED_STATEMENTS_OF_EQU1
CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
CONSOLIDATED STATEMENTS OF EQUITY | ' | ' | ' |
Common stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 |
Cash dividends (in dollars per share) | $2.20 | $1.60 | $1 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Activities: | ' | ' | ' |
Net earnings | $1,532.80 | $1,923.40 | $1,761 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' | ' |
Depreciation, depletion and amortization | 410.6 | 419.8 | 416.2 |
Deferred income taxes | -34.3 | -138.4 | -32.9 |
Stock compensation expense | 12.6 | 11.9 | 10.6 |
Excess tax benefit from stock-based compensation | -13.5 | -36.1 | -47.2 |
Unrealized (gain) loss on derivatives | -59.3 | -78.8 | 77.3 |
Loss on disposal of property, plant and equipment and non-core assets | 5.6 | 5.5 | 8.8 |
Undistributed earnings of affiliates - net of taxes | -11.3 | -14.9 | -13.5 |
Changes in: | ' | ' | ' |
Accounts receivable - net | 0.4 | 53.2 | -35.5 |
Inventories - net | -80.3 | 34.8 | -38.5 |
Accrued income taxes | -153.4 | 58.7 | 101.6 |
Accounts payable and accrued expenses | 49.5 | 25.5 | 5.2 |
Customer advances | -260.1 | 123.3 | -174.3 |
Margin deposits | ' | 0.8 | 1.4 |
Other - net | 67.5 | -13.1 | 38.7 |
Net cash provided by operating activities | 1,466.80 | 2,375.60 | 2,078.90 |
Investing Activities: | ' | ' | ' |
Additions to property, plant and equipment | -823.8 | -523.5 | -247.2 |
Proceeds from sale of property, plant and equipment and non-core assets | 12.6 | 17 | 54.7 |
Sales and maturities of short-term and auction rate securities | 13.5 | 48.4 | 37.9 |
Canadian terminal acquisition | -72.5 | ' | ' |
Deposits to restricted cash funds | -154 | ' | ' |
Deposits to asset retirement obligation funds | -2.9 | -55.4 | -50.4 |
Other - net | 7.8 | ' | 31.2 |
Net cash used in investing activities | -1,019.30 | -513.5 | -173.8 |
Financing Activities: | ' | ' | ' |
Proceeds from long-term borrowings | 1,498 | ' | ' |
Financing fees | -14.5 | ' | -1.5 |
Purchase of treasury stock | -1,409.10 | -500 | -1,000.20 |
Payments of long-term debt | ' | -13 | -346 |
Advances from unconsolidated affiliates | ' | 40.5 | ' |
Repayments of advances from unconsolidated affiliates | ' | -40.5 | ' |
Acquisitions of noncontrolling interests in CFL | -918.7 | ' | ' |
Dividends paid on common stock | -129.1 | -102.7 | -68.7 |
Distributions to noncontrolling interest | -73.7 | -231.8 | -145.7 |
Issuances of common stock under employee stock plans | 10.3 | 14.6 | 15.5 |
Excess tax benefit from stock-based compensation | 13.5 | 36.1 | 47.2 |
Other | 43 | ' | ' |
Net cash used in financing activities | -980.3 | -796.8 | -1,499.40 |
Effect of exchange rate changes on cash and cash equivalents | -31.3 | 2.6 | 3.6 |
(Decrease) increase in cash and cash equivalents | -564.1 | 1,067.90 | 409.3 |
Cash and cash equivalents at beginning of period | 2,274.90 | 1,207 | 797.7 |
Cash and cash equivalents at end of period | $1,710.80 | $2,274.90 | $1,207 |
Background_and_Basis_of_Presen
Background and Basis of Presentation | 12 Months Ended |
Dec. 31, 2013 | |
Background and Basis of Presentation | ' |
Background and Basis of Presentation | ' |
1.     Background and Basis of Presentation | |
        We are one of the largest manufacturers and distributors of nitrogen and phosphate fertilizer products in the world. Our operations are organized into two business segments—the nitrogen segment and the phosphate segment. Our principal customers are cooperatives and independent fertilizer distributors. Our principal fertilizer products in the nitrogen segment are ammonia, granular urea, urea ammonium nitrate solution, or UAN, and ammonium nitrate, or AN. Our other nitrogen products include urea liquor, diesel exhaust fluid, or DEF, and aqua ammonia, which are sold primarily to our industrial customers. Our principal fertilizer products in the phosphate segment are diammonium phosphate, or DAP, and monoammonium phosphate, or MAP. | |
        Our core market and distribution facilities are concentrated in the midwestern United States and other major agricultural areas of the United States and Canada. We also export nitrogen fertilizer products from our Donaldsonville, Louisiana manufacturing facilities and phosphate fertilizer products from our Florida phosphate operations through our Tampa port facility. | |
        In October 2013, we entered into a definitive agreement with the Mosaic Company (Mosaic) to sell our entire phosphate mining and manufacturing business, which is located in Florida, for a purchase price of approximately $1.4 billion in cash, subject to adjustment as provided in the agreement, and entered into two agreements to supply ammonia to Mosaic. The first agreement, which is not conditioned upon completion of the phosphate business sale transaction, provides for us to supply between 600,000 and 800,000 tons of ammonia per year from our Donaldsonville, Louisiana nitrogen complex beginning no later than 2017. The second agreement provides for us to supply approximately 300,000 tons of ammonia per year sourced from our Point Lisas Nitrogen Limited (PLNL) joint venture beginning at the closing of the phosphate business sale transaction. The closing of the phosphate business sale transaction is subject to various conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), approvals under applicable foreign antitrust laws, receipt of other governmental and third party consents and other customary closing conditions. In January 2014, we were notified that the U.S. Department of Justice closed its review and terminated the waiting period under the HSR Act relating to the phosphate business sale transaction. The phosphate business sale transaction is expected to close in the first half of 2014. For additional details regarding this sale, see Note 12—Assets and Liabilities Held for Sale. | |
        Our principal nitrogen segment assets include: | |
• | |
six nitrogen fertilizer manufacturing facilities in Donaldsonville, Louisiana (the largest nitrogen fertilizer complex in North America), Medicine Hat, Alberta (the largest nitrogen fertilizer complex in Canada), Port Neal, Iowa, Courtright, Ontario, Yazoo City, Mississippi, and Woodward, Oklahoma; | |
• | |
a 75.3% interest in Terra Nitrogen Company, L.P. (TNCLP), a publicly traded limited partnership of which we are the sole general partner and the majority limited partner and which, through its subsidiary Terra Nitrogen, Limited Partnership (TNLP), operates a nitrogen fertilizer manufacturing facility in Verdigris, Oklahoma; | |
• | |
an extensive system of terminals and associated transportation equipment located primarily in the midwestern United States; and | |
• | |
joint venture investments that we account for under the equity method, which consist of: | |
• | |
a 50% interest in GrowHow UK Limited (GrowHow), a nitrogen products production joint venture located in the United Kingdom and serving primarily the British agricultural and industrial markets; | |
• | |
a 50% interest in Point Lisas Nitrogen Limited (PLNL), an ammonia production joint venture located in the Republic of Trinidad and Tobago; and | |
• | |
a 50% interest in KEYTRADE AG (Keytrade), a global fertilizer trading company headquartered near Zurich, Switzerland. | |
        As a result of the agreement to sell the phosphate mining and manufacturing business to Mosaic, the assets and liabilities of our phosphate segment, including an integrated ammonium phosphate fertilizer complex and a phosphate rock mine and associated beneficiation plant—but excluding accounts receivable, accounts payable and certain phosphate inventory, which will be retained by us and settled in the ordinary course—are classified as assets or liabilities held for sale. | |
        All references to "CF Holdings," "the Company," "we," "us" and "our" refer to CF Industries Holdings, Inc. (CF Holdings) and its subsidiaries, including CF Industries, Inc. (CF), except where the context makes clear that the reference is only to CF Holdings itself and not its subsidiaries. | |
        The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP). | |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Summary of Significant Accounting Policies | ' | ||||
Summary of Significant Accounting Policies | ' | ||||
2.     Summary of Significant Accounting Policies | |||||
Consolidation and Noncontrolling Interest | |||||
        The consolidated financial statements of CF Holdings include the accounts of CF and all majority-owned subsidiaries. All significant intercompany transactions and balances have been eliminated. | |||||
        TNCLP is a master limited partnership that is consolidated in the financial statements of CF Holdings. TNCLP owns the nitrogen manufacturing facility in Verdigris, Oklahoma. We own an aggregate 75.3% of TNCLP and outside investors own the remaining 24.7%. Partnership interests in TNCLP are traded on the NYSE. As a result, TNCLP files separate financial reports with the Securities Exchange Commission (SEC). The outside investors' limited partnership interests in the partnership are included in noncontrolling interest in the consolidated financial statements. This noncontrolling interest represents the noncontrolling unitholders' interest in the partners' capital of TNCLP. | |||||
Revenue Recognition | |||||
        The basic criteria necessary for revenue recognition are: (1) evidence that a sales arrangement exists, (2) delivery of goods has occurred, (3) the seller's price to the buyer is fixed or determinable, and (4) collectability is reasonably assured. We recognize revenue when these criteria have been met and when title and risk of loss transfers to the customer, which can be at the plant gate, a distribution facility, a supplier location or a customer destination. Revenue from forward sales programs is recognized on the same basis as other sales (when title transfers to the customer) regardless of when the customer advances are received. | |||||
        We offer certain incentives that typically involve rebates if a customer reaches a specified level of purchases. Incentives are accrued monthly and reported as a reduction in net sales. This process is intended to report sales at the ultimate net realized price and requires the use of estimates. | |||||
        Shipping and handling fees billed to customers are reported in revenue. Shipping and handling costs incurred by us are included in cost of sales. | |||||
Cash and Cash Equivalents | |||||
        Cash and cash equivalents include highly liquid investments that are readily convertible to known amounts of cash with original maturities of three months or less. The carrying value of cash and cash equivalents approximates fair value. | |||||
Investments | |||||
        Short-term investments and noncurrent investments are accounted for primarily as available-for-sale securities reported at fair value with changes in fair value reported in other comprehensive income unless fair value is below amortized cost (i.e., the investment is impaired) and the impairment is deemed other-than-temporary, in which case, some or all of the decline in value would be charged to earnings. The carrying values of short-term investments approximate fair values because of the short maturities and the highly liquid nature of these investments. | |||||
        We also maintain a trust fund and an escrow account that we utilize as a means of complying with regulations and consent decrees pertaining to financial assurance requirements for certain asset retirement obligations (AROs) in Florida. These ARO funds are carried at fair value as noncurrent assets on the consolidated balance sheet. Contributions to the ARO funds are reported in the consolidated statements of cash flow as investing activities. | |||||
Restricted Cash | |||||
        In connection with the Company's capacity expansion projects, we are required to grant a contractor a security interest in a restricted cash account. We maintain a cash balance in that account equal to the cancelation fees for procurement services and equipment that would arise if the projects were cancelled. This restricted cash is not included in our cash and cash equivalents and is reported separately on the consolidated balance sheet. Contributions to the restricted cash account are reported on the consolidated statements of cash flows as investing activities. | |||||
Accounts Receivable and Allowance for Doubtful Accounts | |||||
        Accounts receivable are recorded at face amounts less an allowance for doubtful accounts. The allowance is an estimate based on historical collection experience, current economic and market conditions, and a review of the current status of each customer's trade accounts receivable. A receivable is past due if payments have not been received within the agreed-upon invoice terms. Account balances are charged-off against the allowance when management determines that it is probable that the receivable will not be recovered. | |||||
        Accounts receivable includes trade receivables and non-trade receivables such as miscellaneous non-product related billings. | |||||
Inventories | |||||
        Fertilizer inventories are reported at the lower of cost or net realizable value with cost determined on a first-in, first-out or average cost basis. Inventory includes the cost of materials, production labor and production overhead. Inventory at warehouses and terminals also includes distribution costs. Net realizable value is reviewed at least quarterly. Fixed production costs related to idle capacity are not included in the cost of inventory but are charged directly to cost of sales. | |||||
Investments in and Advances to Unconsolidated Affiliates | |||||
        The equity method of accounting is used for investments in affiliates that we do not consolidate, but over which we have the ability to exercise significant influence. Profits resulting from sales or purchases with equity method investees are eliminated until realized by the investee or investor, respectively. Losses in the value of an investment in an unconsolidated affiliate, which are other than temporary, are recognized when the current fair value of the investment is less than its carrying value. Investments in and advances to unconsolidated affiliates is included in the Other segment in our segment disclosures. | |||||
        Our equity method investments for which the results are included in operating earnings consist of: (1) 50% ownership interest in PLNL, which operates an ammonia production facility in the Republic of Trinidad and Tobago and (2) 50% interest in an ammonia storage joint venture located in Houston, Texas. Our share of the net earnings from these investments is reported as an element of earnings from operations because these operations provide additional production and storage capacity to our operations and are integrated with our supply chain and sales activities in the nitrogen segment. | |||||
        Our non-operating equity method investments consist of: (1) 50% ownership in Keytrade, a fertilizer trading company headquartered near Zurich, Switzerland and (2) a 50% ownership in GrowHow, which operates nitrogen production facilities in the United Kingdom. Our share of the net earnings of these investments is not reported in earnings from operations since these operations do not provide us with additional capacity, nor are these operations integrated within our supply chain. Advances to unconsolidated affiliates are loans made to Keytrade and are classified as held-to-maturity debt securities and are reported at amortized cost. | |||||
Property, Plant and Equipment | |||||
        Property, plant and equipment are stated at cost. Depreciation, depletion and amortization are computed using the units-of-production method or the straight-line method. Depreciable lives are as follows: | |||||
Years | |||||
Mobile and office equipment | 3 to 12 | ||||
Production facilities and related assets | 3 to 25 | ||||
Mining assets and phosphogypsum stacks | 20 | ||||
Land improvements | 10 to 20 | ||||
Buildings | 10 to 45 | ||||
        We periodically review the depreciable lives assigned to production facilities and related assets, as well as estimated production capacities used to develop units-of-production (UOP) depreciation expense, and we change the estimates to reflect the results of those reviews. | |||||
        Scheduled inspections, replacements and overhauls of plant machinery and equipment at the Company's continuous process manufacturing facilities during a full plant shutdown are referred to as plant turnarounds. Plant turnarounds are accounted for under the deferral method, as opposed to the direct expense or built-in overhaul methods. Under the deferral method, expenditures related to turnarounds are capitalized into property, plant and equipment when incurred and amortized to production costs on a straight-line basis over the period benefited, which is until the next scheduled turnaround in up to 5 years. If the direct expense method were used, all turnaround costs would be expensed as incurred. Internal employee costs and overhead amounts are not considered turnaround costs and are not capitalized. Turnaround costs are classified as investing activities in the consolidated statements of cash flows. For additional information, see Note 17—Property, Plant and Equipment—Net. | |||||
Recoverability of Long-Lived Assets | |||||
        We review property, plant and equipment and other long-lived assets in order to assess recoverability based on expected future undiscounted cash flows whenever events or circumstances indicate that the carrying value may not be recoverable. If the sum of the expected future net cash flows is less than the carrying value, an impairment loss is recognized. The impairment loss is measured as the amount by which the carrying value exceeds the fair value of the asset. | |||||
Assets and Liabilities Held for Sale | |||||
        Assets and liabilities are classified as held for sale and presented separately on the consolidated balance sheet if their carrying amounts will be recovered through a sale transaction rather than through continuing use. We classify assets and liabilities we will sell (disposal group) as held for sale in the period in which all of following criteria are met: (1) management with the authority to approve the action commits to a plan to sell, (2) the disposal group is available for immediate sale in its present condition, subject only to terms that are usual and customary, (3) we have initiated an active program to locate a buyer, (4) the sale is probable, (5) the transfer is expected to qualify as a completed sale within one year of such classification (there are some circumstances beyond the entity's control that may extend the time for completion beyond one year), and (5) we are actively marketing the asset at a reasonable price in relation to its current fair value. Once classified as held for sale, capitalized amounts including those for property, plant and equipment and intangible assets, are not depreciated or amortized. | |||||
        In the consolidated statements of operations an entity must report the results of operating a component it has classified as held for sale as discontinued operations separate from continuing operations if the component's operations and cash flows will be eliminated from the ongoing operations as a result of the disposal and the entity will not have any significant continuing involvement in the component's operations after the disposal. Results of operating a component held for sale but not qualifying as a discontinued operation are included in continuing operations and not reported separately. | |||||
        In October 2013, we entered into a definitive agreement with Mosaic to sell our entire phosphate mining and manufacturing business, which is located in Florida, for a purchase price of approximately $1.4 billion in cash, subject to adjustment as provided in the agreement, and entered into two agreements to supply ammonia to Mosaic. The assets and liabilities of our phosphate mining and manufacturing business being sold to Mosaic comprise a disposal group that is classified on our December 31, 2013 Consolidated Balance Sheet as assets or liabilities held for sale. The contract to supply ammonia to the disposed business from our PLNL joint venture represents the continuation, following the sale of the phosphate mining and manufacturing business, of a supply arrangement that historically has been maintained between the phosphate mining and manufacturing business and other operations of the Company and its subsidiaries. Because of the significance of this continuing supply arrangement, in accordance with U.S. generally accepted accounting principles, the phosphate mining and manufacturing business is not reported as discontinued operations in our consolidated statement of operations. | |||||
Goodwill and Intangible Assets | |||||
        Goodwill represents the excess of the purchase price of an acquired entity over the amounts assigned to the assets acquired and liabilities assumed. Goodwill is not amortized, but is reviewed for impairment annually or more frequently if certain impairment conditions arise. We perform our annual goodwill impairment review in the fourth quarter of each year at the reporting unit level, which in our case, are the nitrogen and phosphate segments. Our evaluation can begin with a qualitative assessment of the factors that could impact the significant inputs used to estimate fair value. If after performing the qualitative assessment, we determine that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill, then no further testing is performed. However, if it is unclear based on the results of the qualitative test, we perform a quantitative test involving potentially two steps. The first step compares the fair value of a reporting unit with its carrying amount, including goodwill. We use an income based valuation method, determining the present value of future cash flows, to estimate the fair value of a reporting unit. If the fair value of a reporting unit exceeds its positive carrying amount, goodwill of the reporting unit is considered not impaired, and the second step of the impairment test is unnecessary. The second step of the goodwill impairment test, if needed, compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. We recognize an impairment loss immediately to the extent the carrying value exceeds its implied fair value. | |||||
        Intangible assets identified with our acquisition of Terra consist of customer relationships and trademarks, which are being amortized over amortization periods of 18 years and 10 years, respectively. Our intangible assets are presented in noncurrent other assets on the consolidated balance sheet. | |||||
Leases | |||||
        Leases are classified as either operating leases or capital leases. Assets acquired under capital leases are depreciated on the same basis as property, plant and equipment. Rental payments, including rent holidays, leasehold incentives, and scheduled rent increases are expensed on a straight-line basis. Leasehold improvements are amortized over the shorter of the depreciable lives of the corresponding fixed assets or the lease term including any applicable renewals. | |||||
Income Taxes | |||||
        Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those differences are projected to be recovered or settled. Realization of deferred tax assets is dependent on our ability to generate sufficient taxable income of an appropriate character in future periods. A valuation allowance is established if it is determined to be more likely than not that a deferred tax asset will not be realized. Interest and penalties related to unrecognized tax benefits are reported as interest expense and income tax expense, respectively. | |||||
        A deferred income tax liability is recorded for income taxes that would result from the repatriation of the portion of the investment in the Company's non-U.S. subsidiaries and corporate joint ventures that is considered to not be permanently reinvested. No deferred income taxes have been recorded for the remainder of our investment in non-U.S. subsidiaries and corporate joint ventures which we believe to be indefinitely reinvested. | |||||
Derivative Financial Instruments | |||||
        Natural gas is the principal raw material used to produce nitrogen fertilizers. We manage the risk of changes in natural gas prices primarily through the use of derivative financial instruments. The derivative instruments currently used are fixed price swaps and options traded in the over-the-counter markets. The derivatives reference primarily NYMEX futures contract prices, which represent the basis for fair value at any given time. These derivatives are traded in months forward and settlements are scheduled to coincide with anticipated gas purchases during those future periods. In order to manage our exposure to changes in foreign currency exchange rates, we use foreign currency derivatives, primarily forward exchange contracts. | |||||
        The accounting for the change in the fair value of a derivative instrument depends on whether the instrument has been designated as a hedging instrument and whether the instrument is effective as part of a hedging relationship. Changes in the fair value of derivatives not designated as hedging instruments and the ineffective portion of derivatives designated as cash flow hedges are recorded in the statement of operations as the changes occur. Changes in the fair value of derivatives designated as cash flow hedging instruments considered effective are recorded in accumulated other comprehensive income (AOCI) as the changes occur, and are reclassified into income or expense as the hedge item is recognized in earnings. At December 31, 2013, the Company elected to de-designate the remaining cash flow hedging instruments. | |||||
        Derivative financial instruments are accounted for at fair value and recognized as current or noncurrent assets and liabilities on our consolidated balance sheet. The fair values of derivative instruments and any related cash collateral are reported on a gross basis rather than on a net basis. | |||||
        Cash flows related to natural gas derivatives are reported as operating activities. Cash flows related to foreign currency derivatives are reported as investing activities since they hedge future payments for the construction of long term assets. | |||||
        We do not use derivatives for trading purposes and are not a party to any leveraged derivatives. For additional information, see Note 24—Derivative Financial Instruments. | |||||
Asset Retirement Obligations | |||||
        Asset Retirement Obligations (AROs) are legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development or normal operation of such assets. AROs are initially recognized as incurred when sufficient information exists to estimate fair value. When initially recognized, the fair value based on discounted future cash flows is recorded both as a liability and an increase in the carrying amount of the related long-lived asset. In subsequent periods, depreciation of the asset and accretion of the liability are recorded. For additional information, see Note 10—Asset Retirement Obligations. | |||||
        Our most significant AROs are driven by regulations in Florida governing the construction, operation, closure and long-term maintenance of phosphogypsum stack systems and site reclamation for the phosphate rock mine in Hardee County, Florida. Other AROs consist of conditional AROs for the Plant City, Bartow and Hardee facilities for which a reasonable basis exists for estimating a settlement date. These AROs relate to cessation of operations, and generally include the removal and disposition of certain chemicals, waste materials, asbestos, equipment, vessels, piping, and storage tanks. | |||||
        We also have unrecorded AROs at our nitrogen fertilizer manufacturing complexes and at our distribution and storage facilities, that are conditional upon cessation of operations. These AROs include certain decommissioning activities as well as the removal and disposition of certain chemicals, waste materials, structures, equipment, vessels, piping and storage tanks. Also included are reclamation of land and closure of effluent ponds. A liability has not been recorded for these conditional AROs because we do not believe there is currently a reasonable basis for estimating a date or range of dates of cessation of operations at these facilities, which is necessary in order to estimate fair value. | |||||
Customer Advances | |||||
        Customer advances represent cash received from customers following acceptance of orders under the Company's forward sales programs. Such advances typically represent a significant portion of the contract's sales value and are generally collected by the time the product is shipped, thereby reducing or eliminating accounts receivable from customers upon shipment. Revenue is recognized when title and risk of loss transfers upon shipment or delivery of the product to customers. | |||||
Environmental | |||||
        Environmental expenditures that relate to current operations are expensed or capitalized as appropriate. Expenditures that relate to an existing condition caused by past operations are expensed. Expenditures that increase the capacity or extend the useful life of an asset, improve the safety or efficiency of the operations, or mitigate or prevent future environmental contamination are capitalized. Liabilities are recorded when it is probable that an obligation has been incurred and the costs can be reasonably estimated. Environmental liabilities are not discounted. | |||||
Stock-based Compensation | |||||
        We grant stock-based compensation awards under the CF Industries Holdings, Inc. 2009 Equity and Incentive Plan. The awards that have been granted to date are nonqualified stock options and restricted stock. The cost of employee services received in exchange for the awards is measured based on the fair value of the award on the grant date and is recognized as expense on a straight-line basis over the period during which the employee is required to provide the services. For additional information, see Note 26—Stock-Based Compensation. | |||||
Litigation | |||||
        From time to time, the Company is subject to ordinary, routine legal proceedings related to the usual conduct of its business. The Company also is involved in proceedings regarding public utility and transportation rates, environmental matters, taxes and permits relating to the operations of its various plants and facilities. Accruals for such contingencies are recorded to the extent management concludes their occurrence is probable and the financial impact of an adverse outcome is reasonably estimable. Legal fees are recognized as incurred and are not included in accruals for contingencies. Disclosure for specific legal contingencies is provided if the likelihood of occurrence is at least reasonably possible and the exposure is considered material to the consolidated financial statements. In making determinations of likely outcomes of litigation matters, many factors are considered. These factors include, but are not limited to, past history, scientific and other evidence, and the specifics and status of each matter. If the assessment of various factors changes, the estimates may change. Predicting the outcome of claims and litigation, and estimating related costs and exposure involves substantial uncertainties that could cause actual costs to vary materially from estimates and accruals. | |||||
Foreign Currency Translation | |||||
        Foreign currency-denominated assets and liabilities are translated into U.S. dollars at exchange rates existing at the respective balance sheet dates. Translation adjustments resulting from fluctuations in exchange rates are recorded as a separate component of accumulated other comprehensive income within stockholders' equity. Results of operations of foreign subsidiaries are translated at the average exchange rates during the respective periods. Gains and losses resulting from foreign currency transactions, the amounts of which are not material, are included in net income. Gains and losses resulting from intercompany foreign currency transactions that are of a long-term investment nature are reported in other comprehensive income. | |||||
Debt Issuance Costs | |||||
        Costs associated with the issuance of debt are included in other noncurrent assets and are amortized over the term of the related debt. Debt issuance discounts are netted against the related debt and are amortized over the term of the debt using the effective interest method. | |||||
New_Accounting_Standards
New Accounting Standards | 12 Months Ended |
Dec. 31, 2013 | |
New Accounting Standards | ' |
New Accounting Standards | ' |
3.     New Accounting Standards | |
        Following are summaries of accounting pronouncements that either were adopted recently or may become applicable to our consolidated financial statements. It should be noted that the accounting standards references provided below reflect the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC), and related Accounting Standards Updates (ASU). | |
Recently Adopted Pronouncements | |
        In December 2011, the FASB issued a standard pertaining to disclosures about offsetting assets and liabilities (ASU No. 2011-11). This standard requires an entity to disclose information about offsetting and related arrangements, including financial instruments and derivative instruments, and the effect these arrangements have on the entity's financial position. In January 2013, the FASB issued an amendment to ASU No. 2011-11 (ASU No. 2013-01) clarifying that its scope applies to derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement or similar agreement. These standards were effective for disclosures in interim and annual reporting periods beginning on or after January 1, 2013. We adopted this standard in the first quarter of 2013 and its adoption did not have a material impact on our consolidated financial statements. | |
        In February 2013, the FASB issued a standard pertaining to the reporting of amounts reclassified out of accumulated other comprehensive income (AOCI) (ASU No. 2013-02). The standard requires that an entity provide, by component, information regarding the amounts reclassified out of AOCI, either on the face of the statement of operations or in the notes, and an indication as to the line items in the statement of operations that the amounts were reclassified to. In addition, in certain cases, an entity is required to cross-reference to other disclosures that provide additional details about the reclassified amounts. This standard was effective prospectively for reporting periods beginning after December 15, 2012. We adopted this standard in the first quarter of 2013 and its adoption did not have a material impact on our consolidated financial statements. | |
Noncontrolling_Interest
Noncontrolling Interest | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Noncontrolling Interest | ' | ||||||||||||||||||||||||||||
Noncontrolling Interest | ' | ||||||||||||||||||||||||||||
4.     Noncontrolling Interest | |||||||||||||||||||||||||||||
Canadian Fertilizers Limited (CFL) | |||||||||||||||||||||||||||||
        CFL owns a nitrogen fertilizer complex in Medicine Hat, Alberta, Canada, which until April 30, 2013, supplied fertilizer products to CF Industries, Inc. (CF Industries) and Viterra Inc. (Viterra). The Medicine Hat complex is the largest nitrogen fertilizer complex in Canada, with two world-scale ammonia plants, a world-scale granular urea plant and on-site storage facilities for both ammonia and urea. | |||||||||||||||||||||||||||||
        Prior to April 30, 2013, CF Industries owned 49% of the voting common shares and 66% of the non-voting preferred shares of CFL and purchased 66% of the production of CFL. Also prior to April 30, 2013, Viterra held 34% of the equity ownership of CFL, and had the right to purchase up to the remaining 34% of CFL's production. Both CF Industries and Viterra were entitled to receive distributions of net earnings of CFL based upon their respective purchases from CFL. The remaining 17% of the voting common shares were owned by GROWMARK, Inc. and La Coop fédérée. CFL was a variable interest entity that was consolidated in the Company's financial statements. | |||||||||||||||||||||||||||||
        In 2012, the Company entered into agreements to acquire the noncontrolling interests in CFL for C$0.9 billion, which included 34% of CFL's common and preferred shares owned by Viterra, the product purchase agreement between CFL and Viterra and the CFL common shares held by GROWMARK, Inc. and La Coop fédérée. In April 2013, we completed the acquisitions. Since CFL was previously a consolidated variable interest entity, the purchase price was recognized as follows: a $0.8 billion reduction in paid in capital; a $0.1 billion deferred tax asset; and the removal of the CFL noncontrolling interest. CFL is now a wholly owned subsidiary and we purchase 100% of CFL's ammonia and granular urea production. | |||||||||||||||||||||||||||||
        CF Industries' and Viterra's purchases of nitrogen fertilizer products from CFL were made under product purchase agreements, and the selling prices were determined under the provisions of these agreements. Prior to the fourth quarter of 2012, an initial selling price was paid to CFL based upon CFL's production cost plus an agreed-upon margin once title passed as the product was shipped. At the end of the year, the difference between the market price of products purchased from CFL and the price based on production cost plus the agreed-upon margin was paid to CFL. The sales revenue attributable to this difference was accrued by the Company on an interim basis. | |||||||||||||||||||||||||||||
        In the fourth quarter of 2012, the CFL Board of Directors approved amendments to the product purchase agreements retroactive to January 1, 2012 that modified the selling prices that CFL charged for products sold to Viterra and CF Industries to eliminate the requirement to pay to CFL the difference between the market price and the price based on production cost plus an agreed-upon margin. The effect of the selling price amendments to the product purchase agreements impacts the comparability of the Company's financial results. These changes impact the year-over-year comparability of net sales, gross margin, operating earnings, earnings before income taxes and net earnings attributable to noncontrolling interest, but do not impact the comparability of the Company's net earnings attributable to common stockholders or net cash flows for the same period. | |||||||||||||||||||||||||||||
        At December 31, 2013 and 2012, the net receivables due from Viterra related to the product purchases that were reflected on our consolidated balance sheets were zero and $2.0 million, respectively. The net earnings attributable to Viterra that are reported on the consolidated balance sheets in the line titled distributions payable to noncontrolling interest at December 31, 2013 and 2012 were zero and $5.3 million, respectively. | |||||||||||||||||||||||||||||
Terra Nitrogen Company, L.P. (TNCLP) | |||||||||||||||||||||||||||||
        TNCLP is a master limited partnership that owns a nitrogen manufacturing facility in Verdigris, Oklahoma. We own an aggregate 75.3% of TNCLP through general and limited partnership interests. Outside investors own the remaining 24.7% of the limited partnership. For financial reporting purposes, the assets, liabilities and earnings of the partnership are consolidated into our financial statements. The outside investors' limited partnership interests in the partnership have been recorded as part of noncontrolling interest in our consolidated financial statements. The noncontrolling interest represents the noncontrolling unitholders' interest in the equity of TNCLP. An affiliate of CF Industries is required to purchase all of TNCLP's fertilizer products at market prices as defined in the Amendment to the General and Administrative Services and Product Offtake Agreement, dated September 28, 2010. | |||||||||||||||||||||||||||||
        TNCLP makes cash distributions to the general and limited partners based upon formulas defined within its Agreement of Limited Partnership. Cash available for distribution is defined in the agreement generally as all cash receipts less all cash disbursements, less certain reserves (including reserves for future operating and capital needs) established as the general partner determines in its reasonable discretion to be necessary or appropriate. Changes in working capital impact available cash, as increases in the amount of cash invested in working capital items (such as accounts receivable or inventory) reduce available cash, while declines in the amount of cash invested in working capital increase available cash. Cash distributions to the limited partners and general partner vary depending on the extent to which the cumulative distributions exceed certain target threshold levels set forth in the Agreement of Limited Partnership. | |||||||||||||||||||||||||||||
        In each of the applicable quarters of 2013, 2012 and 2011, the minimum quarterly distributions were satisfied, which entitled us, as the general partner, to receive increased distributions on our general partner interests as provided for in the Agreement of Limited Partnership. The earnings attributed to our general partner interest in excess of the threshold levels for the years ended December 31, 2013, 2012 and 2011 were $200.6 million, $234.0 million and $214.2 million, respectively. | |||||||||||||||||||||||||||||
        At December 31, 2013 Terra Nitrogen GP Inc. (TNGP), the general partner of TNCLP (and an indirect wholly-owned subsidiary of CF Industries), and its affiliates owned 75.3% of TNCLP's outstanding units. When not more than 25% of TNCLP's issued and outstanding units are held by non-affiliates of TNGP, TNCLP, at TNGP's sole discretion, may call, or assign to TNGP or its affiliates, TNCLP's right to acquire all such outstanding units held by non-affiliated persons. If TNGP elects to acquire all outstanding units, TNCLP is required to give at least 30 but not more than 60 days notice of TNCLP's decision to purchase the outstanding units. The purchase price per unit will be the greater of (1) the average of the previous 20 trading days' closing prices as of the date five days before the purchase is announced or (2) the highest price paid by TNGP or any of its affiliates for any unit within the 90 days preceding the date the purchase is announced. | |||||||||||||||||||||||||||||
        A reconciliation of the beginning and ending balances of noncontrolling interest and distributions payable to the noncontrolling interests on our consolidated balance sheets is provided below. | |||||||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
CFL | TNCLP | Total | CFL | TNCLP | Total | CFL | TNCLP | Total | |||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Noncontrolling interest: | |||||||||||||||||||||||||||||
Beginning balance | $ | 17.4 | $ | 362.6 | $ | 380 | $ | 16.7 | $ | 369.2 | $ | 385.9 | $ | 17.4 | $ | 365.6 | $ | 383 | |||||||||||
Earnings attributable to noncontrolling interest | 2.3 | 65.9 | 68.2 | 3.5 | 71.2 | 74.7 | 154 | 67.8 | 221.8 | ||||||||||||||||||||
Declaration of distributions payable | (2.3 | ) | (66.2 | ) | (68.5 | ) | (5.3 | ) | (77.8 | ) | (83.1 | ) | (149.7 | ) | (64.2 | ) | (213.9 | ) | |||||||||||
Acquisitions of noncontrolling interests in CFL | (16.8 | ) | — | (16.8 | ) | — | — | — | — | — | — | ||||||||||||||||||
Effect of exchange rate changes | (0.6 | ) | — | (0.6 | ) | 2.5 | — | 2.5 | (5.0 | ) | — | (5.0 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Ending balance | $ | — | $ | 362.3 | $ | 362.3 | $ | 17.4 | $ | 362.6 | $ | 380 | $ | 16.7 | $ | 369.2 | $ | 385.9 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Distributions payable to noncontrolling interest | |||||||||||||||||||||||||||||
Beginning balance | $ | 5.3 | $ | — | $ | 5.3 | $ | 149.7 | $ | — | $ | 149.7 | $ | 78 | $ | — | $ | 78 | |||||||||||
Declaration of distributions payable | 2.3 | 66.2 | 68.5 | 5.3 | 77.8 | 83.1 | 149.7 | 64.2 | 213.9 | ||||||||||||||||||||
Distributions to noncontrolling interest | (7.5 | ) | (66.2 | ) | (73.7 | ) | (154.0 | ) | (77.8 | ) | (231.8 | ) | (81.5 | ) | (64.2 | ) | (145.7 | ) | |||||||||||
Effect of exchange rate changes | (0.1 | ) | — | (0.1 | ) | 4.3 | — | 4.3 | 3.5 | — | 3.5 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Ending balance | $ | — | $ | — | $ | — | $ | 5.3 | $ | — | $ | 5.3 | $ | 149.7 | $ | — | $ | 149.7 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Fair Value Measurements | ' | |||||||||||||
Fair Value Measurements | ' | |||||||||||||
5.     Fair Value Measurements | ||||||||||||||
        Our cash and cash equivalents and other investments consist of the following: | ||||||||||||||
December 31, 2013 | ||||||||||||||
Adjusted | Unrealized | Unrealized | Fair Value | |||||||||||
Cost | Gains | Losses | ||||||||||||
(in millions) | ||||||||||||||
Cash | $ | 148.9 | $ | — | $ | — | $ | 148.9 | ||||||
U.S. and Canadian government obligations | 1,491.10 | — | — | 1,491.10 | ||||||||||
Other debt securities | 70.8 | — | — | 70.8 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total cash and cash equivalents | $ | 1,710.80 | $ | — | $ | — | $ | 1,710.80 | ||||||
Restricted cash | 154 | — | — | 154 | ||||||||||
Asset retirement obligation funds | 203.7 | — | — | 203.7 | ||||||||||
December 31, 2012 | ||||||||||||||
Adjusted | Unrealized | Unrealized | Fair Value | |||||||||||
Cost | Gains | Losses | ||||||||||||
(in millions) | ||||||||||||||
Cash | $ | 106 | $ | — | $ | — | $ | 106 | ||||||
U.S. and Canadian government obligations | 1,996.90 | — | — | 1,996.90 | ||||||||||
Other debt securities | 172 | — | — | 172 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total cash and cash equivalents | $ | 2,274.90 | $ | — | $ | — | $ | 2,274.90 | ||||||
Investments in auction rate securities | 27.3 | — | (1.3 | ) | 26 | |||||||||
Asset retirement obligation funds | 200.8 | — | — | 200.8 | ||||||||||
Nonqualified employee benefit trusts | 21.2 | 0.8 | — | 22 | ||||||||||
        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. Securities issued by governmental entities include those issued directly by the Federal government; those issued by state, local or other governmental entities; and those guaranteed by entities affiliated with governmental entities. | ||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis | ||||||||||||||
        The following tables present assets and liabilities included in our consolidated balance sheets at December 31, 2013 and 2012 that are recognized at fair value on a recurring basis, and indicates the fair value hierarchy utilized to determine such fair value. | ||||||||||||||
December 31, 2013 | ||||||||||||||
Total Fair Value | Quoted Prices | Significant | Significant | |||||||||||
in Active | Other | Unobservable | ||||||||||||
Markets | Observable | Inputs | ||||||||||||
(Level 1) | Inputs | (Level 3) | ||||||||||||
(Level 2) | ||||||||||||||
(in millions) | ||||||||||||||
Cash and cash equivalents | $ | 1,710.80 | $ | 1,710.80 | $ | — | $ | — | ||||||
Restricted cash | 154 | 154 | — | — | ||||||||||
Unrealized gains on derivative instruments | 74.3 | — | 74.3 | — | ||||||||||
Asset retirement obligation funds | 203.7 | 203.7 | — | — | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets at fair value | $ | 2,142.80 | $ | 2,068.50 | $ | 74.3 | $ | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Unrealized losses on derivative instruments | $ | 0.2 | $ | — | $ | 0.2 | $ | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities at fair value | $ | 0.2 | $ | — | $ | 0.2 | $ | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
December 31, 2012 | ||||||||||||||
Total Fair Value | Quoted Prices | Significant | Significant | |||||||||||
in Active | Other | Unobservable | ||||||||||||
Markets | Observable | Inputs | ||||||||||||
(Level 1) | Inputs | (Level 3) | ||||||||||||
(Level 2) | ||||||||||||||
(in millions) | ||||||||||||||
Cash and cash equivalents | $ | 2,274.90 | $ | 2,274.90 | $ | — | $ | — | ||||||
Unrealized gains on derivative instruments | 17.3 | — | 17.3 | — | ||||||||||
Asset retirement obligation funds | 200.8 | 200.8 | — | — | ||||||||||
Investments in auction rate securities | 26 | — | — | 26 | ||||||||||
Nonqualified employee benefit trusts | 22 | 22 | — | — | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets at fair value | $ | 2,541.00 | $ | 2,497.70 | $ | 17.3 | $ | 26 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Unrealized losses on derivative instruments | $ | 5.6 | $ | — | $ | 5.6 | $ | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities at fair value | $ | 5.6 | $ | — | $ | 5.6 | $ | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Following is a summary of the valuation techniques for assets and liabilities recorded in our consolidated balance sheets at fair value on a recurring basis: | ||||||||||||||
Cash and Cash Equivalents | ||||||||||||||
        At December 31, 2013 and 2012, our cash and cash equivalents consisted primarily of U.S. and Canadian government obligations and money market mutual funds that invest in U.S. government obligations and other investment-grade securities. Cash equivalents approximates fair value because of their short-term maturities. | ||||||||||||||
Restricted Cash | ||||||||||||||
        We have contracted for engineering and procurement services with an affiliate of ThyssenKrupp Uhde (Uhde) for our capacity expansion projects at our Donaldsonville, Louisiana and Port Neal, Iowa production facilities. Under the terms of the engineering and procurement services contract, we are required to grant Uhde a security interest in a restricted cash account and maintain a cash balance in that account equal to the cancellation fees for procurement services and equipment that would arise if we were to cancel the projects. We began funding the restricted account in the second quarter of 2013. The balance in the account is expected to change over time based on the amounts of unpaid engineering and procurement costs. | ||||||||||||||
Derivative Instruments | ||||||||||||||
        The derivative instruments that we currently use are fixed price natural gas swaps and options and foreign currency forward contracts traded in the over-the-counter markets with either large oil and gas companies or large financial institutions. The natural gas derivatives are traded in months forward and settlements are scheduled to coincide with anticipated gas purchases during those future periods. The foreign currency derivative contracts held are for the exchange of a specified notional amount of currencies at specified future dates coinciding with anticipated foreign currency cash outflows associated with our Donaldsonville, Louisiana and Port Neal, Iowa capital expansion projects. The natural gas contracts settle using NYMEX futures prices and accordingly, to determine the fair value of these instruments, we use quoted market prices from NYMEX and standard pricing models with inputs derived from or corroborated by observable market data such as forward curves supplied by an industry recognized and unrelated third party. The currency derivatives are valued based on quoted market prices supplied by an industry recognized, unrelated third party. See Note 24—Derivative Financial Instruments for additional information. | ||||||||||||||
Asset Retirement Obligation Funds | ||||||||||||||
        In order to meet financial assurance requirements associated with certain AROs in Florida, we maintain investments in an escrow account established for the benefit of the Florida Department of Environmental Protection (FDEP) and a trust established to comply with a 2010 Consent Decree with the U.S. Environmental Protection Agency (EPA) and the FDEP. The investments in the trust and escrow account are accounted for as available-for-sale securities. The fair values of these investments are based upon daily quoted prices representing the Net Asset Value (NAV) of the investments. The fair values of the ARO funds approximate their cost basis. In the fourth quarter of 2013 we announced the sale of our phosphate mining and manufacturing business, which is located in Florida. As a result, the asset retirement obligation funds are included in noncurrent assets held for sale at December 31, 2013. See Note 10—Asset Retirement Obligations and Note 12—Assets and Liabilities Held for Sale, for additional information regarding the trust and escrow accounts and the announced agreement to sell our phosphate mining and manufacturing business. | ||||||||||||||
Investments in Auction Rate Securities | ||||||||||||||
        Our investments in Auction Rate Securities (ARS) are accounted for as available-for-sale securities and are included on our consolidated balance sheets in other assets. At December 31, 2013, our ARS are not material to our consolidated balance sheet. | ||||||||||||||
Nonqualified Employee Benefit Trusts | ||||||||||||||
        We maintain trusts associated with certain deferred compensation related to nonqualified employee benefits. The investments are accounted for as available-for-sale securities. The fair values of the trusts are based on daily quoted prices representing the net asset values (NAV) of the investments. These trusts are included on our consolidated balance sheet in other assets. | ||||||||||||||
Financial Instruments | ||||||||||||||
        The carrying amounts and estimated fair values of our financial instruments are as follows: | ||||||||||||||
December 31, | ||||||||||||||
2013 | 2012 | |||||||||||||
Carrying | Fair Value | Carrying | Fair Value | |||||||||||
Amount | Amount | |||||||||||||
(in millions) | ||||||||||||||
Long-term debt, including current portion | $ | 3,100.00 | $ | 3,276.70 | $ | 1,600.00 | $ | 1,979.40 | ||||||
        The carrying amounts of cash and cash equivalents as well as instruments included in other current assets and other current liabilities that meet the definition of financial instruments, approximate fair values because of their short-term maturities. | ||||||||||||||
Net_Earnings_Per_Share
Net Earnings Per Share | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Net Earnings Per Share | ' | ||||||||||
Net Earnings Per Share | ' | ||||||||||
6.     Net Earnings Per Share | |||||||||||
        The net earnings per share were computed as follows: | |||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions, except | |||||||||||
per share amounts) | |||||||||||
Net earnings attributable to common stockholders | $ | 1,464.60 | $ | 1,848.70 | $ | 1,539.20 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Basic earnings per common share: | |||||||||||
Weighted average common shares outstanding | 58.9 | 63.9 | 69.4 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings attributable to common stockholders | $ | 24.87 | $ | 28.94 | $ | 22.18 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Diluted earnings per common share: | |||||||||||
Weighted average common shares outstanding | 58.9 | 63.9 | 69.4 | ||||||||
Dilutive common shares—stock options | 0.3 | 0.8 | 0.6 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Diluted weighted average shares outstanding | 59.2 | 64.7 | 70 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings attributable to common stockholders | $ | 24.74 | $ | 28.59 | $ | 21.98 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        In the computation of diluted net earnings per common share, potentially dilutive stock options are excluded if the effect of their inclusion is anti-dilutive. For the years ended December 31, 2013, 2012 and 2011, anti-dilutive stock options were insignificant. | |||||||||||
Pension_and_Other_Postretireme
Pension and Other Postretirement Benefits | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Pension and Other Postretirement Benefits | ' | |||||||||||||||||||
Pension and Other Postretirement Benefits | ' | |||||||||||||||||||
7.     Pension and Other Postretirement Benefits | ||||||||||||||||||||
        As of January 1, 2013, we adopted amendments to our U.S. pension plans to combine them into a single plan and provide a pension benefit to eligible U.S. employees not previously covered by the U.S. plans. At December 31, 2013, we maintain three funded defined benefit pension plans; one U.S. plan and two Canadian plans. One of our Canadian plans has been closed to new employees. | ||||||||||||||||||||
        We also provide group medical insurance benefits to certain retirees. The specific medical benefits provided to retirees vary by group and location. In 2012, we recognized a curtailment of U.S. retiree medical benefits as described in more detail in this note. | ||||||||||||||||||||
        Our plan assets, benefit obligations, funded status and amounts recognized on the consolidated balance sheet for our U.S. and Canadian plans as of the measurement date of December 31 are as follows: | ||||||||||||||||||||
Pension Plans | Retiree Medical | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||
(in millions) | ||||||||||||||||||||
Change in plan assets | ||||||||||||||||||||
Fair value of plan assets January 1 | $ | 719.9 | $ | 653.4 | $ | — | $ | — | ||||||||||||
Return on plan assets | 16.3 | 76.5 | — | — | ||||||||||||||||
Funding contributions | 7 | 20.1 | — | — | ||||||||||||||||
Benefit payments | (34.4 | ) | (33.3 | ) | — | — | ||||||||||||||
Foreign currency translation | (8.1 | ) | 3.2 | — | — | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Fair value of plan assets December 31 | 700.7 | 719.9 | — | — | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Change in benefit obligation | ||||||||||||||||||||
Benefit obligation at January 1 | (832.4 | ) | (763.3 | ) | (69.6 | ) | (92.8 | ) | ||||||||||||
Curtailment | — | — | — | 24.3 | ||||||||||||||||
Service cost | (17.8 | ) | (12.4 | ) | (0.3 | ) | (2.1 | ) | ||||||||||||
Interest cost | (32.8 | ) | (34.4 | ) | (2.4 | ) | (3.3 | ) | ||||||||||||
Benefit payments | 34.4 | 33.3 | 4.8 | 5.1 | ||||||||||||||||
Foreign currency translation | 8.6 | (3.3 | ) | 0.3 | (0.1 | ) | ||||||||||||||
Change in assumptions and other | 71.4 | (52.3 | ) | 0.9 | (0.7 | ) | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Benefit obligation at December 31 | (768.6 | ) | (832.4 | ) | (66.3 | ) | (69.6 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Funded status as of year end | $ | (67.9 | ) | $ | (112.5 | ) | $ | (66.3 | ) | $ | (69.6 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
        In the table above, the line titled "Change in assumptions and other" reflects the impact of changes in discount rates and other assumptions such as rates of retirement and mortality. | ||||||||||||||||||||
        Amounts recognized on the consolidated balance sheet consist of the following: | ||||||||||||||||||||
Pension Plans | Retiree Medical | |||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||
(in millions) | ||||||||||||||||||||
Other noncurrent asset | $ | 4.7 | $ | 0.4 | $ | — | $ | — | ||||||||||||
Accrued expenses | — | — | (5.0 | ) | (4.9 | ) | ||||||||||||||
Other noncurrent liability | (72.6 | ) | (112.9 | ) | (61.3 | ) | (64.7 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
$ | (67.9 | ) | $ | (112.5 | ) | $ | (66.3 | ) | $ | (69.6 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
        Pre-tax amounts recognized in accumulated other comprehensive loss consist of the following: | ||||||||||||||||||||
Pension Plans | Retiree Medical | |||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||
(in millions) | ||||||||||||||||||||
Prior service cost | $ | 1.5 | $ | 1.8 | $ | 0.3 | $ | 0.4 | ||||||||||||
Net actuarial loss | 58.2 | 126.2 | 9.4 | 10.9 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
$ | 59.7 | $ | 128 | $ | 9.7 | $ | 11.3 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
        Net periodic benefit cost and other amounts recognized in accumulated other comprehensive loss included the following components: | ||||||||||||||||||||
Pension Plans | Retiree Medical | |||||||||||||||||||
Year ended December 31, | Year ended December 31, | |||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||
(in millions) | ||||||||||||||||||||
Service cost for benefits earned during the period | $ | 17.8 | $ | 12.4 | $ | 11.3 | $ | 0.3 | $ | 2.1 | $ | 2.7 | ||||||||
Interest cost on projected benefit obligation | 32.8 | 34.4 | 35.8 | 2.4 | 3.3 | 4.3 | ||||||||||||||
Expected return on plan assets | (32.6 | ) | (34.6 | ) | (35.1 | ) | — | — | — | |||||||||||
Curtailment | — | — | — | — | (10.9 | ) | — | |||||||||||||
Amortization of transition obligation | — | — | — | — | 0.3 | 0.4 | ||||||||||||||
Amortization of prior service cost | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | — | ||||||||||||||
Amortization of actuarial loss | 10.5 | 9.8 | 6 | 0.6 | 0.6 | 0.9 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net periodic benefit cost (income) | 28.7 | 22.1 | 18.1 | 3.4 | (4.5 | ) | 8.3 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net actuarial loss (gain) | (45.4 | ) | 9.1 | 36.1 | (0.9 | ) | (12.7 | ) | 6.2 | |||||||||||
Prior service cost | — | 1.7 | — | — | — | 0.4 | ||||||||||||||
Amortization of transition obligation | — | — | — | — | (0.3 | ) | (0.4 | ) | ||||||||||||
Amortization of prior service cost | (0.2 | ) | (0.1 | ) | (0.1 | ) | (0.1 | ) | (0.1 | ) | — | |||||||||
Amortization of actuarial loss | (10.5 | ) | (9.8 | ) | (6.0 | ) | (0.6 | ) | (0.5 | ) | (1.0 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total recognized in accumulated other comprehensive loss | (56.1 | ) | 0.9 | 30 | (1.6 | ) | (13.6 | ) | 5.2 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total recognized in net periodic benefit cost and accumulated other comprehensive loss | $ | (27.4 | ) | $ | 23 | $ | 48.1 | $ | 1.8 | $ | (18.1 | ) | $ | 13.5 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        In 2012, we approved and implemented a reduction in certain retiree medical benefits. This curtailment of benefits resulted in a $24.3 million reduction in the retiree medical liability. Of the $24.3 million reduction, $13.4 million was recognized in other comprehensive income (included in Net actuarial (gain) loss in the table above) and $10.9 million was recognized in net periodic benefit plan cost (income). Of the $10.9 million, $9.6 million was reported in cost of sales and $1.3 million was reported in selling, general and administrative expenses. | ||||||||||||||||||||
        Amounts that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2014 are as follows: | ||||||||||||||||||||
Pension | Retiree | |||||||||||||||||||
Plans | Medical | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Prior service cost | $ | 0.2 | $ | — | ||||||||||||||||
Net actuarial loss | 1.1 | 0.4 | ||||||||||||||||||
        Presented below is information by pension plan regarding the benefit obligation, fair value of plan assets, net periodic benefit cost, and funding contributions. | ||||||||||||||||||||
CF | Terra | CF | Terra | Consolidated | ||||||||||||||||
U.S. | U.S. | Canadian | Canadian | |||||||||||||||||
Plan | Plan(1) | Plan | Plan | |||||||||||||||||
(in millions) | ||||||||||||||||||||
2013 | ||||||||||||||||||||
As of year-end | ||||||||||||||||||||
Fair value of plan assets | $ | 579 | n/a | $ | 50 | $ | 71.7 | $ | 700.7 | |||||||||||
Benefit obligation | (645.7 | ) | n/a | (55.9 | ) | (67.0 | ) | (768.6 | ) | |||||||||||
Accumulated benefit obligation        | (597.0 | ) | n/a | (44.1 | ) | (65.2 | ) | (706.3 | ) | |||||||||||
For the year | ||||||||||||||||||||
Net periodic benefit cost | 23.6 | n/a | 5 | 0.1 | 28.7 | |||||||||||||||
Funding contributions | — | n/a | 5 | 2 | 7 | |||||||||||||||
2012 | ||||||||||||||||||||
As of year-end | ||||||||||||||||||||
Fair value of plan assets | $ | 293.6 | $ | 308.4 | $ | 45 | $ | 72.9 | $ | 719.9 | ||||||||||
Benefit obligation | (363.0 | ) | (340.2 | ) | (56.7 | ) | (72.5 | ) | (832.4 | ) | ||||||||||
Accumulated benefit obligation        | (315.8 | ) | (326.3 | ) | (43.3 | ) | (69.7 | ) | (755.1 | ) | ||||||||||
For the year | ||||||||||||||||||||
Net periodic benefit cost | 16.3 | 3.1 | 2.7 | — | 22.1 | |||||||||||||||
Funding contributions | 9.3 | 3.3 | 4.9 | 2.6 | 20.1 | |||||||||||||||
-1 | ||||||||||||||||||||
As of January 1, 2013, we adopted amendments to our U.S. pension plans to combine them into a single plan and provide a pension benefit to eligible U.S. employees not previously covered by the U.S. plans. | ||||||||||||||||||||
        Our pension funding policy is to contribute amounts sufficient to meet minimum legal funding requirements plus discretionary amounts that the Company may deem to be appropriate. Our consolidated pension funding contributions for 2014 are estimated to be approximately $21.2 million. Actual contributions may vary from estimated amounts depending on changes in assumptions, actual returns on plan assets, changes in regulatory requirements and funding decisions. | ||||||||||||||||||||
        The expected future pension and retiree medical benefit payments are as follows: | ||||||||||||||||||||
Pension | Retiree | |||||||||||||||||||
benefit | medical | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
2014 | $ | 37.2 | $ | 5 | ||||||||||||||||
2015 | 39.2 | 5.4 | ||||||||||||||||||
2016 | 41.6 | 5.6 | ||||||||||||||||||
2017 | 43.8 | 5.9 | ||||||||||||||||||
2018 | 46.4 | 6.2 | ||||||||||||||||||
5Â years thereafter | 261.6 | 26.9 | ||||||||||||||||||
        The following assumptions were used in determining the benefit obligations and expense: | ||||||||||||||||||||
Pension Plans | Retiree Medical | |||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||
Weighted average discount rate—obligation | 4.8 | % | 4 | % | 4.6 | % | 4.2 | % | 3.3 | % | 4.3 | % | ||||||||
Weighted average discount rate—expense | 4 | % | 4.6 | % | 5.4 | % | 3.3 | % | 4.3 | % | 5.1 | % | ||||||||
Weighted average rate of increase in future compensation | 3.9 | % | 4 | % | 4 | % | n/a | n/a | n/a | |||||||||||
Weighted average expected long-term rate of return on assets—expense | 5.1 | % | 5.7 | % | 6.1 | % | n/a | n/a | n/a | |||||||||||
        The discount rates are developed for each plan using spot rates derived from a yield curve of high quality (AA rated or better) fixed income debt securities as of the year-end measurement date to calculate discounted cash flows (the projected benefit obligation) and solving for a single equivalent discount rate that produces the same projected benefit obligation. | ||||||||||||||||||||
        The expected long-term rate of return on assets is based on analyses of historical rates of return achieved by equity and non-equity investments, adjusted for estimated plan expenses and weighted by target asset allocation percentages. As of January 1, 2014, our weighted average expected long-term rate of return on assets is 5.5%. | ||||||||||||||||||||
        The health care cost trend rate used to determine the primary (U.S.) retiree medical benefit obligation at December 31, 2013 is 7.5% grading down to 5.0% in 2024 and thereafter. At December 31, 2012, the trend rate was 8.0%, grading down to 5.0% in 2018 and thereafter. A one-percentage point change in the assumed health care cost trend rate at December 31, 2013 would have the following effects: | ||||||||||||||||||||
One-Percentage-Point | ||||||||||||||||||||
Increase | Decrease | |||||||||||||||||||
Effect on: | ||||||||||||||||||||
Total of service and interest cost components for 2013 | 11 | % | (9 | )% | ||||||||||||||||
Benefit obligation at December 31, 2013 | 10 | % | (8 | )% | ||||||||||||||||
        The objectives of the investment policies governing the pension plans are to administer the assets of the plans for the benefit of the participants in compliance with all laws and regulations, and to establish an asset mix that provides for diversification and considers the risk of various different asset classes with the purpose of generating favorable investment returns. The investment policies consider circumstances such as participant demographics, time horizon to retirement and liquidity needs, and provide guidelines for asset allocation, planning horizon, general portfolio issues and investment manager evaluation criteria. The investment strategies for the plans, including target asset allocations and investment vehicles, are subject to change within the guidelines of the policies. | ||||||||||||||||||||
        The target asset allocation for the CF U.S. plan is 80% non-equity and 20% equity, which has been determined based on analysis of actual historical rates of return and plan needs and circumstances. The equity investments are tailored to exceed the growth of the benefit obligation and are a combination of U.S. and non-U.S. total stock market index mutual funds. The non-equity investments consist primarily of investments in debt securities and money market instruments that are selected based on investment quality and duration to mitigate volatility of the funded status and annual required contributions. The non-equity investments have a duration profile that is similar to the benefit obligation in order to mitigate the impact of interest rate changes on the funded status. This investment strategy is achieved through the use of mutual funds and individual securities. | ||||||||||||||||||||
        The target asset allocation for the CF Canadian plan is 60% non-equity and 40% equity, and for the Terra Canadian plan is 75% non-equity and 25% equity. The equity investments are passively managed portfolios that diversify assets across multiple securities, economic sectors and countries. The non-equity investments are high quality passively managed portfolios that diversify assets across economic sectors, countries and maturity spectrums. This investment strategy is achieved through the use of mutual funds. | ||||||||||||||||||||
        The fair values of our U.S. and Canadian pension plan assets at December 31, 2013 and December 31, 2012, by major asset class are as follows: | ||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
Total Fair | Quoted | Significant | Significant | |||||||||||||||||
Value | Prices in | Other | Unobservable | |||||||||||||||||
Active | Observable | Inputs | ||||||||||||||||||
Markets | Inputs | (Level 3) | ||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Cash and cash equivalents(1) | $ | 7.7 | $ | 7.7 | $ | — | $ | — | ||||||||||||
Equity mutual funds | ||||||||||||||||||||
Index equity(2) | 118.7 | 118.7 | — | — | ||||||||||||||||
Pooled equity(3) | 41 | — | 41 | — | ||||||||||||||||
Fixed income | ||||||||||||||||||||
U.S. Treasury bonds and notes(4) | 16.7 | 16.7 | — | — | ||||||||||||||||
Mutual funds(5) | 79.9 | — | 79.9 | — | ||||||||||||||||
Corporate bonds and notes(6) | 383.3 | — | 383.3 | — | ||||||||||||||||
Government and agency securities(7) | 48.6 | — | 48.6 | — | ||||||||||||||||
Other(8) | 2.1 | — | 2.1 | — | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total assets at fair value | $ | 698 | $ | 143.1 | $ | 554.9 | $ | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Accruals and payables—net | 2.7 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total assets | $ | 700.7 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
December 31, 2012 | ||||||||||||||||||||
Total Fair | Quoted | Significant | Significant | |||||||||||||||||
Value | Prices in | Other | Unobservable | |||||||||||||||||
Active | Observable | Inputs | ||||||||||||||||||
Markets | Inputs | (Level 3) | ||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Cash and cash equivalents(1) | $ | 14.6 | $ | 14.6 | $ | — | $ | — | ||||||||||||
Equity mutual funds | ||||||||||||||||||||
Index equity(2) | 117.7 | 117.7 | — | — | ||||||||||||||||
Pooled equity(3) | 37.9 | — | 37.9 | — | ||||||||||||||||
Fixed income | ||||||||||||||||||||
U.S. Treasury bonds and notes(4) | 18.3 | 18.3 | — | — | ||||||||||||||||
Mutual funds(5) | 82.5 | — | 82.5 | — | ||||||||||||||||
Corporate bonds and notes(6) | 399.8 | — | 399.8 | — | ||||||||||||||||
Government and agency securities(7) | 58.6 | — | 58.6 | — | ||||||||||||||||
Other(8) | 2.5 | — | 2.5 | — | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total assets at fair value | $ | 731.9 | $ | 150.6 | $ | 581.3 | $ | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Accruals and payables—net | (12.0 | ) | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total assets | $ | 719.9 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
-1 | ||||||||||||||||||||
Cash and cash equivalents are primarily short-term money market funds and are classified as Level 1 assets. | ||||||||||||||||||||
-2 | ||||||||||||||||||||
The index equity funds are mutual funds that utilize a passively managed investment approach designed to track specific equity indices. They are valued at quoted market prices in an active market, which represent the net asset values of the shares held by the plan and are classified as Level 1 investments. | ||||||||||||||||||||
-3 | ||||||||||||||||||||
The pooled equity funds consist of actively managed pooled funds that invest in common stock and other equity securities that are traded on U.S., Canadian and foreign markets. These funds are valued using net asset values (NAV) as determined by the fund manager, which are based on the value of the underlying net assets of the fund. Although the NAV is not based on quoted market prices in an active market, it is based on observable market data and therefore the funds are categorized as Level 2 investments. | ||||||||||||||||||||
-4 | ||||||||||||||||||||
U.S. Treasury bonds and notes are valued based on quoted market prices in an active market and are classified as Level 1 investments. | ||||||||||||||||||||
-5 | ||||||||||||||||||||
The fixed income mutual funds are actively managed bond funds that invest in investment-grade corporate debt, various governmental debt obligations and mortgage-backed securities with varying maturities. They are classified as Level 2 investments valued using NAV as determined by the fund manager. | ||||||||||||||||||||
-6 | ||||||||||||||||||||
Corporate bonds and notes are traded and private placement securities valued by institutional bond pricing services, which gather information from market sources and integrate credit information, observed market movements and sector news into their pricing applications and models. These securities are classified as Level 2. | ||||||||||||||||||||
-7 | ||||||||||||||||||||
Government and agency securities consist of U.S. Federal and other government and agency debt securities, which are classified as Level 2 securities. | ||||||||||||||||||||
-8 | ||||||||||||||||||||
Other includes primarily collateralized mortgage obligations and asset-backed securities which are valued through pricing models of reputable third party sources based on market data and are classified as Level 2 investments. | ||||||||||||||||||||
        We have defined contribution plans covering substantially all employees. Depending on the specific provisions of each plan, the company may provide basic contributions based on a percentage of base salary, matching of employee contributions up to specified limits, or a combination of both. As of January 1, 2013, we adopted amendments to our U.S. qualified defined contribution plans to combine them into a single plan. In 2013, 2012 and 2011, company contributions to the defined contribution plans were $13.1 million, $14.2 million, and $11.8 million, respectively. | ||||||||||||||||||||
        In addition to our qualified defined benefit pension plans, we also maintain certain nonqualified supplemental pension plans for highly compensated employees as defined under federal law. The amounts recognized in accrued expenses and other noncurrent liabilities in our consolidated balance sheets for these plans were $6.9 million and $17.2 million at December 31, 2013 and $2.5 million and $19.7 million at December 31, 2012, respectively. We recognized expense for these plans of $2.0 million, $1.7 million and $1.6 million in 2013, 2012 and 2011, respectively. | ||||||||||||||||||||
        We maintain incentive compensation plans that cover virtually all employees. The aggregate awards under the plans are based on predetermined targets and can include both financial and operating performance measures. Awards are accrued during the year and paid in the first quarter of the subsequent year. We recognized expense for these plans of $36.6 million, $35.9 million and $26.2 million in 2013, 2012 and 2011, respectively. | ||||||||||||||||||||
Other_OperatingNet
Other Operating-Net | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Operating-Net | ' | ||||||||||
Other Operating-Net | ' | ||||||||||
8.     Other Operating—Net | |||||||||||
        Details of other operating—net are as follows: | |||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Loss on property, plant and equipment and non-core assets—net | $ | 5.6 | $ | 5.5 | $ | 7.5 | |||||
Expansion project costs | 10.8 | — | — | ||||||||
Gain on currency derivatives | (20.8 | ) | (8.1 | ) | — | ||||||
Engineering studies | — | 21.9 | — | ||||||||
Closed facilities costs | 4 | 13.3 | 8.1 | ||||||||
Other | (15.4 | ) | 16.5 | 5.3 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | (15.8 | ) | $ | 49.1 | $ | 20.9 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Expansion project costs includes amounts related to administrative and consulting services. | |||||||||||
        Engineering studies includes detailed design work, feasibility studies and cost estimates for certain proposed capital projects at our manufacturing complexes. | |||||||||||
        Closed facilities costs includes environmental remediation costs and provisions for AROs and site maintenance costs associated with our closed facilities. | |||||||||||
        Other includes losses (gains) on foreign currency transactions, litigation related costs and other transactions. | |||||||||||
        In 2011, we recorded a non-cash impairment charge of $34.8 million related to a former methanol plant at our Woodward, Oklahoma nitrogen complex. The Woodward complex was acquired in the Terra acquisition and was able to produce nitrogen fertilizers and methanol. Based on a strategic review, management approved the shutdown and removal of the methanol plant, resulting in recognition of an impairment charge, which is included in the first line of the table above. In February 2011, we sold four of our dry product warehouses to GROWMARK and realized a pre-tax gain of $32.5 million, which is also included in the first line in the table above. | |||||||||||
Interest_Expense
Interest Expense | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Interest Expense | ' | ||||||||||
Interest Expense | ' | ||||||||||
9.     Interest Expense | |||||||||||
        Details of interest expense are as follows: | |||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Interest on borrowings | $ | 150.6 | $ | 112.2 | $ | 113.9 | |||||
Fees on financing agreements | 15.4 | 32.1 | 40.3 | ||||||||
Interest on tax liabilities | 12.9 | 1.4 | 3.1 | ||||||||
Interest capitalized and other | (26.7 | ) | (10.4 | ) | (10.1 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 152.2 | $ | 135.3 | $ | 147.2 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The fees on financing agreements for the year ended December 31, 2012 includes $15.2 million of accelerated amortization of deferred fees related to the termination of a credit agreement in May 2012. Refer to Note 21—Financing Agreements, for additional information. The fees on financing agreements for the year ended December 31, 2011, includes $19.9 million of accelerated amortization of debt issuance costs recognized upon repayment in full of a senior secured term loan. | |||||||||||
Asset_Retirement_Obligations
Asset Retirement Obligations | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Asset Retirement Obligations | ' | |||||||||||||
Asset Retirement Obligations | ' | |||||||||||||
10.   Asset Retirement Obligations | ||||||||||||||
        Asset retirement obligations (AROs) are legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development or normal operation of such assets. Our recorded AROs are associated with phosphogypsum stack systems and mine reclamation of our phosphate operations in Florida. This recorded liability is included in the disposal group pertaining to our announced sale of the phosphate business and is included in current and non-current liabilities held for sale at December 31, 2013. | ||||||||||||||
        The balances of AROs and changes thereto are summarized below. | ||||||||||||||
Phosphogypsum | Mine | Other | Total | |||||||||||
Stack | Reclamation | AROs | ||||||||||||
System Costs | Costs | |||||||||||||
(in millions) | ||||||||||||||
Obligation at December 31, 2010 | $ | 52.1 | $ | 61.3 | $ | 6.4 | $ | 119.8 | ||||||
Accretion expense | 3.9 | 5.1 | 0.4 | 9.4 | ||||||||||
Liabilities incurred | — | 2.4 | — | 2.4 | ||||||||||
Expenditures | (2.8 | ) | (2.7 | ) | (0.5 | ) | (6.0 | ) | ||||||
Change in estimate | 1.7 | 1.5 | 2.8 | 6 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Obligation at December 31, 2011 | 54.9 | 67.6 | 9.1 | 131.6 | ||||||||||
Accretion expense | 4.1 | 5.3 | 0.4 | 9.8 | ||||||||||
Liabilities incurred | 12.5 | 0.9 | — | 13.4 | ||||||||||
Expenditures | (1.5 | ) | (3.3 | ) | (1.4 | ) | (6.2 | ) | ||||||
Change in estimate | 0.1 | (3.8 | ) | 0.1 | (3.6 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Obligation at December 31, 2012 | 70.1 | 66.7 | 8.2 | 145 | ||||||||||
Accretion expense | 4.7 | 5.2 | 0.4 | 10.3 | ||||||||||
Liabilities incurred | — | 2.5 | — | 2.5 | ||||||||||
Expenditures | (0.6 | ) | (2.3 | ) | (1.3 | ) | (4.2 | ) | ||||||
Change in estimate | 4.7 | 9.3 | (1.0 | ) | 13 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Obligation at December 31, 2013 | $ | 78.9 | $ | 81.4 | $ | 6.3 | $ | 166.6 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Our phosphate operations in Florida are subject to regulations governing the construction, operation, closure and long-term maintenance of phosphogypsum stack systems and regulations concerning site reclamation for phosphate rock mines. Our liability for phosphogypsum stack system costs includes the cost of stack closure at Plant City and the costs of cooling pond closure, post-closure monitoring, and ongoing water treatment at both Bartow and Plant City. The actual amounts to be spent will depend on factors such as the timing of activities, refinements in scope, technological developments, cost inflation and changes in regulations. It is possible that these factors could change at any time and impact the estimates. Closure expenditures for the Bartow cooling pond are estimated to occur through 2016. Closure expenditures for the Plant City stack expansion are estimated to occur in the 2038 to 2042 time frame and closure of the Plant City cooling pond is assumed to occur in the year 2092. Additional AROs may be incurred in the future. | ||||||||||||||
        The liability for mine reclamation costs is primarily for work involving the re-contouring, re-vegetation and re-establishment of wildlife habitat and hydrology of land disturbed by phosphate rock mining activities. In accordance with regulations in Florida, physical reclamation and restoration of disturbed areas is generally required to be completed within a prescribed time frame after completion of mining operations, and the timing of reconnection to surrounding lands and waterways varies based on achievement of applicable release criteria. The actual time required to complete the work may vary depending on site-specific reclamation plans and other circumstances. | ||||||||||||||
        The $6.0 million change in estimate in 2011 relates primarily to changes in the scope of closure activities of our Bartow phosphogypsum stack system and mine reclamation activities at our Hardee County, Florida phosphate rock mine. Of this amount, $6.6 million was charged to earnings and an offsetting $0.6 million was recorded as a decrease in property, plant and equipment. | ||||||||||||||
        The $3.6 million change in estimate in 2012 relates primarily to changes in mining and reclamation plans at our Hardee County, Florida phosphate rock mine. Of this amount, $6.5 million was recorded as a decrease in property, plant and equipment and $2.9 million was charged to cost of sales. The $13.4 million liability incurred in 2012 relates primarily to the expansion of our phosphogysum stack at the Plant City, Florida phosphate facility. This expansion will allow us to continue to operate the Plant City facility through the life of our current phosphate rock reserves. | ||||||||||||||
        The $13.0 million change in estimate in 2013 relates primarily to changes in mining and reclamation plans at our Hardee County, Florida phosphate rock mine and changes in the timing of closure activities at the Plant City, Florida phosphate facility. Of this amount, $14.6 million was recorded as an increase in property, plant and equipment partially offset by a $1.6 million decrease to cost of sales. | ||||||||||||||
        In addition to various operational and environmental regulations related to our phosphate segment, we are also subject to financial assurance obligations related to the closure and maintenance of our phosphogypsum stack systems at both our Plant City, Florida phosphate fertilizer complex and our closed Bartow, Florida phosphate fertilizer complex. These financial assurance obligations result from two requirements. The first is a 2010 consent decree with the EPA and the FDEP with respect to our compliance with the Resource Conservation and Recovery Act (RCRA) at our Plant City complex (the Plant City Consent Decree). The second is State of Florida financial assurance regulations (Florida Financial Assurance) that apply to both our Plant City and Bartow complexes. Both of these regulations allow the use of a funding mechanism as a means of complying with the financial assurance requirements associated with the closure, long-term maintenance, and monitoring costs for the phosphogypsum stacks, as well as costs incurred to manage the water contained in the stack system upon closure. We maintain a trust account for the benefit of the EPA and FDEP and an escrow account for the benefit of the FDEP to meet these financial assurance requirements. On our consolidated balance sheets, these are collectively referred to as "Asset retirement obligation funds" (ARO funds) and at December 31, 2013, these assets were recorded as assets held for sale. The trust for the Plant City Consent Decree is fully funded, and we expect the remaining $1.0 million will be funded in the State of Florida Financial Assurance escrow account near the end of 2015. Both financial assurance funding obligations require estimates of future expenditures that could be impacted by refinements in scope, technological developments, cost inflation, changes in regulations, discount rates and the timing of activities. Additional funding would be required in the future if increases in cost estimates exceed investment earnings in the trust or escrow accounts. At December 31, 2013 and 2012, the balance in the ARO funds was $203.7 million and $200.8 million, respectively. | ||||||||||||||
        Prior to the Plant City Consent Decree, the Company's financial assurance requirements for the closure, water treatment, long-term maintenance, and monitoring costs for the Plant City phosphogypsum stack system were determined solely by Florida regulations that would have required funding of the escrow account over a period of years. The Plant City Consent Decree described above effectively requires the Company to fund the greater of the requirements under the Plant City Consent Decree or Florida law, which may vary over time. We are still required under Florida law to maintain the existing Florida escrow account for the closure, water treatment, long-term maintenance, and monitoring costs for the phosphogypsum stack system at our closed Bartow phosphate complex. | ||||||||||||||
        We have unrecorded AROs at our nitrogen fertilizer manufacturing facilities and at our distribution and storage facilities that are conditional upon cessation of operations. These AROs include certain decommissioning activities as well as the removal and disposition of certain chemicals, waste materials, structures, equipment, vessels, piping and storage tanks. Also included is reclamation of land and the closure of certain effluent ponds. The most recent estimate of the aggregate cost of these AROs expressed in 2013 dollars is $53.0 million. We have not recorded a liability for these conditional AROs at December 31, 2013 because we do not believe there is currently a reasonable basis for estimating a date or range of dates of cessation of operations at these facilities, which is necessary in order to estimate fair value. In reaching this conclusion, we considered the historical performance of each facility and have taken into account factors such as planned maintenance, asset replacements and upgrades of plant and equipment, which if conducted as in the past, can extend the physical lives of our nitrogen manufacturing facilities indefinitely. We also considered the possibility of changes in technology, risk of obsolescence, and availability of raw materials in arriving at our conclusion. | ||||||||||||||
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Income Taxes | ' | |||||||||||||||||||
Income Taxes | ' | |||||||||||||||||||
11.   Income Taxes | ||||||||||||||||||||
        The components of earnings before income taxes and equity in earnings of non-operating affiliates are as follows: | ||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Domestic | $ | 2,155.40 | $ | 2,629.00 | $ | 2,502.00 | ||||||||||||||
Non-U.S. | 54.3 | 200.5 | 143.6 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
$ | 2,209.70 | $ | 2,829.50 | $ | 2,645.60 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
        The components of the income tax provision are as follows: | ||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Current | ||||||||||||||||||||
Federal | $ | 641.5 | $ | 915.4 | $ | 811.4 | ||||||||||||||
Foreign | 8.6 | 56 | 31.5 | |||||||||||||||||
State | 70.7 | 131.2 | 116.5 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
720.8 | 1,102.60 | 959.4 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Deferred | ||||||||||||||||||||
Federal | (6.5 | ) | (130.2 | ) | (63.0 | ) | ||||||||||||||
Foreign | (6.7 | ) | (4.5 | ) | (2.8 | ) | ||||||||||||||
State | (21.1 | ) | (3.7 | ) | 32.9 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
(34.3 | ) | (138.4 | ) | (32.9 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Income tax provision | $ | 686.5 | $ | 964.2 | $ | 926.5 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
        Differences in the expected income tax provision based on statutory rates applied to earnings before income taxes and the income tax provision reflected in the consolidated statements of operations are summarized below: | ||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions, except percentages) | ||||||||||||||||||||
Earnings before income taxes and equity in earnings of non-operating affiliates | $ | 2,209.70 | $ | 2,829.50 | $ | 2,645.60 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Expected tax at U.S. statutory rate | 773.4 | 35 | % | 990.3 | 35 | % | 925.9 | 35 | % | |||||||||||
State income taxes, net of federal | 32 | 1.4 | % | 82.9 | 2.9 | % | 88.6 | 3.3 | % | |||||||||||
Net earnings attributable to the noncontrolling interest | (23.9 | ) | (1.1 | )% | (26.2 | ) | (0.9 | )% | (77.6 | ) | (2.9 | )% | ||||||||
U.S. manufacturing profits deduction | (47.0 | ) | (2.1 | )% | (47.0 | ) | (1.7 | )% | (39.0 | ) | (1.5 | )% | ||||||||
Difference in tax rates on foreign earnings | (11.5 | ) | (0.5 | )% | (43.3 | ) | (1.5 | )% | 5.8 | 0.2 | % | |||||||||
Depletion | (24.2 | ) | (1.1 | )% | (8.0 | ) | (0.3 | )% | (8.6 | ) | (0.3 | )% | ||||||||
Valuation allowance | 26.8 | 1.2 | % | 16.5 | 0.6 | % | 29.8 | 1.1 | % | |||||||||||
Non-deductible capital costs | — | — | % | 0.2 | — | % | 0.6 | — | % | |||||||||||
Federal tax settlement | (50.1 | ) | (2.2 | )% | — | — | % | — | — | % | ||||||||||
Other | 11 | 0.5 | % | (1.2 | ) | — | % | 1 | 0.1 | % | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income tax at effective rate | $ | 686.5 | 31.1 | % | $ | 964.2 | 34.1 | % | $ | 926.5 | 35 | % | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Deferred tax assets and deferred tax liabilities are as follows: | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Deferred tax assets | ||||||||||||||||||||
Net operating loss carryforward, patronage-sourced | $ | — | $ | 94.3 | ||||||||||||||||
Other net operating loss carryforwards | 96 | 70.8 | ||||||||||||||||||
Retirement and other employee benefits | 71.5 | 92.1 | ||||||||||||||||||
Asset retirement obligations | — | 31.8 | ||||||||||||||||||
Unrealized loss on investments | — | 0.2 | ||||||||||||||||||
Intangible asset | 115.3 | — | ||||||||||||||||||
Federal tax settlement | 43.7 | — | ||||||||||||||||||
Other | 70.5 | 56.7 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
397 | 345.9 | |||||||||||||||||||
Valuation allowance | (109.2 | ) | (176.1 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
287.8 | 169.8 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Deferred tax liabilities | ||||||||||||||||||||
Depreciation and amortization | (921.0 | ) | (968.0 | ) | ||||||||||||||||
Foreign earnings | (35.4 | ) | (24.4 | ) | ||||||||||||||||
Deferred patronage from CFL | — | (1.7 | ) | |||||||||||||||||
Depletable mineral properties | (45.9 | ) | (46.7 | ) | ||||||||||||||||
Unrealized gain on hedging derivatives | (14.6 | ) | (3.3 | ) | ||||||||||||||||
Other | (44.1 | ) | (55.0 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
(1,061.0 | ) | (1,099.1 | ) | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Net deferred tax liability | (773.2 | ) | (929.3 | ) | ||||||||||||||||
Less amount in current assets (liabilities) | 60 | 9.5 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Noncurrent liability | $ | (833.2 | ) | $ | (938.8 | ) | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
        We consider the earnings of certain of our Canadian subsidiaries to not be permanently reinvested and we recognize a deferred tax liability for the future repatriation of these earnings, as they are earned. As of December 31, 2013, we have recorded a deferred income tax liability of approximately $35 million, which reflects the additional U.S. and foreign income taxes that would be due upon the repatriation of the accumulated earnings of our non-U.S. subsidiaries that are considered to not be permanently reinvested. At December 31, 2013, we have approximately $1 billion of indefinitely reinvested earnings related to investment in other non-U.S. subsidiaries and corporate joint ventures, for which a deferred tax liability has not been recognized. It is not practicable to estimate the amount of such taxes. | ||||||||||||||||||||
        Uncertain Tax Positions—We file federal, provincial, state and local income tax returns principally in the United States and Canada as well as in certain other foreign jurisdictions. In general, filed tax returns remain subject to examination by United States tax jurisdictions for years 1999 and thereafter and by Canadian tax jurisdictions for years 2008 and thereafter. | ||||||||||||||||||||
        A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Unrecognized tax benefits: | ||||||||||||||||||||
Beginning balance | $ | 154.4 | $ | 137.1 | ||||||||||||||||
Additions for tax positions taken during the current year | 9.6 | 17.3 | ||||||||||||||||||
Additions for tax positions taken during prior years | 25 | — | ||||||||||||||||||
Reductions related to lapsed statutes of limitations | (1.3 | ) | — | |||||||||||||||||
Reductions related to settlements with tax jurisdictions | (84.0 | ) | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Ending balance | $ | 103.7 | $ | 154.4 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
        Unrecognized tax benefits decreased in 2013 by $50.7 million principally for settlements with tax jurisdictions and increased by $17.3 million in 2012 as the result of tax return positions taken in prior years. Our effective tax rate would be affected by $103.7 million if these unrecognized tax benefits were to be recognized in the future. | ||||||||||||||||||||
        In connection with our initial public offering (IPO) in August 2005, CF Industries, Inc. (CFI) ceased to be a non-exempt cooperative for income tax purposes, and we entered into a net operating loss agreement (NOL Agreement) with CFI's pre-IPO owners relating to the future utilization of our pre-IPO net operating loss carryforwards (NOLs). The NOL Agreement provided that if we ultimately could utilize the pre-IPO NOLs to offset applicable post-IPO taxable income, we would pay the pre-IPO owners amounts equal to the resulting federal and state income taxes actually saved. On January 2, 2013, we and the pre-IPO owners amended the NOL Agreement to provide, among other things, that we are entitled to retain 26.9% of any settlement realized with the United States Internal Revenue Service (IRS) at the IRS Appeals level. | ||||||||||||||||||||
        Our income tax provision in 2013 includes a $75.8 million tax benefit for the effect of a Closing Agreement with the IRS related to the utilization of our pre-IPO net operating losses (NOLs) that was finalized in March 2013. This tax benefit is partially offset by a $55.2 million expense, recorded in Other non-operating-net, reflecting the amount of this tax benefit that is payable to our pre-IPO owners. In our balance sheet at December 31, 2013, $10.2 million is included in accounts payable and accrued expenses for the current portion of the tax savings payable to the pre-IPO owners and $32.7 million is included in other noncurrent liabilities for the portion of the tax savings payable to the pre-IPO owners in future years. The terms of the Closing Agreement resulted in the tax benefits associated with the pre-IPO NOL being realized as a tax deduction over five tax years, commencing with the 2012 tax year. In addition, we have reversed the net operating loss carryforward in the schedule of deferred tax assets and deferred tax liabilities and the valuation allowance associated with the pre-IPO NOLs. As a result of the settlement our unrecognized tax benefits have decreased by $86.7 million in 2013. | ||||||||||||||||||||
        Valuation Allowance—the tax benefit associated with of our Closing Agreement with the IRS resulted in a $94.3 million reduction to the valuation allowance that had previously been recorded for the pre-IPO NOL. | ||||||||||||||||||||
        A foreign subsidiary of the Company has net operating loss carryovers of $318.2 million that are indefinitely available in the foreign jurisdiction. As the future realization of these losses is not anticipated, a valuation allowance of $93.0 million has been recorded. Of this amount, $26.8 million and $16.5 million were recorded as valuation allowances for the years ended December 31, 2013 and 2012, respectively. | ||||||||||||||||||||
        Interest expense and penalties of $13.6 million, $1.3 million, and $13.9 million were recorded for the years ended December 31, 2013, 2012 and 2011, respectively. Amounts recognized in our consolidated balance sheets for accrued interest and penalties related to income taxes of $24.9 million and $30.4 million are included in other noncurrent liabilities as of December 31, 2013 and 2012, respectively. | ||||||||||||||||||||
        Prior to April 30, 2013 CFL operated as a cooperative for Canadian income tax purposes and distributed all of its earnings as patronage dividends to its customers, including CFI. The patronage dividends were deductible for Canadian income tax purposes for tax years preceding April 29, 2013. As a result of the August 2, 2012 definitive agreement we entered into with Glencore International plc to acquire their interests in CFL and our April 30, 2013 acquisition of those interests, CFL is no longer permitted to deduct the dividends it distributes to CFI. As a result, CFL has recorded an income tax provision in the years subsequent to 2011. No CFL income tax provision was recorded in 2011. See Note 4—Noncontrolling Interest for further information. | ||||||||||||||||||||
        The American Taxpayer Relief Act of 2012 was enacted on January 2, 2013 which includes certain retroactive tax legislation that impacts our tax liabilities for prior years. Under the provisions of this legislation we expect to change our tax methods of accounting related to certain routine repairs periodically conducted at our U.S. manufacturing and distribution locations. The impact of the legislation is not material and has been reflected in our financial statements for the period ending December 31, 2013. | ||||||||||||||||||||
Assets_and_Liabilities_Held_fo
Assets and Liabilities Held for Sale | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Assets and Liabilities Held for Sale | ' | ||||
Assets and Liabilities Held for Sale | ' | ||||
12.   Assets and Liabilities Held for Sale | |||||
        In October 2013, we entered into a definitive agreement with Mosaic to sell our entire phosphate mining and manufacturing business, which is located in Florida, for a purchase price of approximately $1.4 billion in cash, subject to adjustment as provided in the agreement, and entered into two agreements to supply ammonia to Mosaic. The first agreement, which is not conditioned upon completion of the phosphate business sale transaction, provides for us to supply between 600,000 and 800,000 tons of ammonia per year from our Donaldsonville, Louisiana nitrogen complex beginning no later than 2017. The second agreement provides for us to supply approximately 300,000 tons of ammonia per year sourced from our Point Lisas Nitrogen Limited (PLNL) joint venture beginning at the closing of the phosphate business sale transaction. | |||||
        The phosphate mining and manufacturing business assets we are selling in the phosphate business sale transaction include the Hardee County Phosphate Rock Mine; the Plant City Phosphate Complex; an ammonia terminal, phosphate warehouse and dock at the Port of Tampa; and the site of the former Bartow Phosphate Complex. In addition, Mosaic is assuming certain liabilities related to the phosphate mining and manufacturing business, including responsibility for closure, water treatment and long term maintenance and monitoring of the phosphogypsum stacks at the Plant City and Bartow complexes. We are also transferring to Mosaic the value of the phosphate mining and manufacturing business's asset retirement obligation trust and escrow funds totaling approximately $200 million. | |||||
        The closing of the phosphate business sale transaction is subject to various conditions, including the expiration or termination of the waiting period under the HSR Act, approvals under applicable foreign antitrust laws, receipt of other governmental and third party consents and other customary closing conditions. In January 2014, we were notified that the U.S. Department of Justice closed its review and terminated the waiting period under the HSR Act relating to the phosphate business sale transaction. The phosphate business sale transaction is expected to close in the first half of 2014. | |||||
        The assets and liabilities of our phosphate business segment being sold to Mosaic comprise a disposal group that is classified on our December 31, 2013 Consolidated Balance Sheet as assets or liabilities held for sale. The accounts receivable, and accounts payable pertaining to the phosphate mining and manufacturing business and certain phosphate inventory held in distribution facilities will not be sold to Mosaic in the phosphate business sale transaction and will be retained by us and settled in the ordinary course. These retained assets and liabilities of our phosphate segment are not included in assets or liabilities held for sale. Effective November 1, 2013, depreciation ceased on amounts in property, plant and equipment classified as held for sale. The depreciation that would have been recorded for November and December 2013 is estimated at approximately $8.1 million. The contract to supply ammonia to the disposed business from our PLNL joint venture represents the continuation, following the sale of the phosphate mining and manufacturing business, of a supply arrangement that historically has been maintained between the phosphate mining and manufacturing business and other operations of the Company and its subsidiaries. Because of the significance of this continuing supply arrangement, in accordance with U.S. generally accepted accounting principles, the phosphate mining and manufacturing business is not reported as discontinued operations in our consolidated statement of operations. | |||||
        The following table summarizes the classes of assets and liabilities held for sale at December 31, 2013: | |||||
December 31, | |||||
2013 | |||||
Inventories-net | $ | 74.3 | |||
​ | ​ | ​ | ​ | ​ | |
Total current assets | 74.3 | ||||
Property, plant and equipment, net | 467.2 | ||||
Asset retirement obligation funds | 203.7 | ||||
Goodwill | 0.9 | ||||
Other assets | 7.2 | ||||
​ | ​ | ​ | ​ | ​ | |
Total assets held for sale | $ | 753.3 | |||
​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | |
Accrued expenses | 14.7 | ||||
Asset retirement obligations—current | $ | 12.1 | |||
​ | ​ | ​ | ​ | ​ | |
Total current liabilities | 26.8 | ||||
Asset retirement obligations | 154.5 | ||||
​ | ​ | ​ | ​ | ​ | |
Total liabilities held for sale | $ | 181.3 | |||
​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | |
Accounts_ReceivableNet
Accounts Receivable-Net | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Accounts Receivable-Net | ' | |||||||
Accounts Receivable-Net | ' | |||||||
13.   Accounts Receivable—Net | ||||||||
        Accounts receivable—net consist of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Trade | $ | 225 | $ | 213.2 | ||||
Other | 5.9 | 4.2 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 230.9 | $ | 217.4 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Trade accounts receivable includes amounts due from related parties. For additional information, see Note 30—Related Party Transactions and Note 16—Equity Method Investments. Trade accounts receivable is net of a $0.4 million and $1.1 million allowance for doubtful accounts at December 31, 2013 and 2012, respectively. | ||||||||
InventoriesNet
Inventories-Net | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Inventories-Net | ' | |||||||
Inventories-Net | ' | |||||||
14.   Inventories—Net | ||||||||
        Inventories—net consist of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Fertilizer | $ | 251 | $ | 212.2 | ||||
Raw materials, spare parts and supplies | 23.3 | 65.7 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 274.3 | $ | 277.9 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Other_Current_Assets_and_Other
Other Current Assets and Other Current Liabilities | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Other Current Assets and Other Current Liabilities | ' | |||||||
Other Current Assets and Other Current Liabilities | ' | |||||||
15.   Other Current Assets and Other Current Liabilities | ||||||||
        Other current assets consist of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Prepaid expenses | $ | 19.1 | $ | 13.9 | ||||
Unrealized gains on derivatives | 72.7 | 10.1 | ||||||
Margin deposits | 0.6 | 3.8 | ||||||
Product exchanges | — | 0.1 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 92.4 | $ | 27.9 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Other current liabilities consist of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Financial advances | $ | 43 | $ | — | ||||
Unrealized losses on derivatives | 0.2 | 5.6 | ||||||
Product exchanges | 0.3 | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 43.5 | $ | 5.6 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        At December 31, 2013, we had received financial advances necessary to complete certain investment transactions that were repaid to the financial institution after the end of the year. | ||||||||
Equity_Method_Investments
Equity Method Investments | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Equity Method Investments | ' | ||||||||||
Equity Method Investments | ' | ||||||||||
16.   Equity Method Investments | |||||||||||
        Equity method investments consist of the following: | |||||||||||
December 31, | |||||||||||
2013 | 2012 | ||||||||||
(in millions) | |||||||||||
Operating equity method investments | $ | 379.7 | $ | 394.2 | |||||||
Non-operating equity method investments | 546.3 | 541.4 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Investments in and advances to affiliates | $ | 926 | $ | 935.6 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Operating Equity Method Investments | |||||||||||
        Our equity method investments included in operating earnings consist of: (1) a 50% ownership interest in Point Lisas Nitrogen Limited (PLNL), which operates an ammonia production facility in the Republic of Trinidad and Tobago; and (2) a 50% interest in an ammonia storage joint venture located in Houston, Texas. We include our share of the net earnings from these investments as an element of earnings from operations because these operations provide additional production and storage capacity to our operations and are integrated with our other supply chain and sales activities in the nitrogen segment. | |||||||||||
        The combined results of operations and financial position for our operating equity method investments are summarized below: | |||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Condensed statement of operations information: | |||||||||||
Net sales | $ | 323.7 | $ | 320.9 | $ | 347.2 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings | $ | 102.7 | $ | 97.3 | $ | 117.5 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Equity in earnings of operating affiliates | $ | 41.7 | $ | 47 | $ | 50.2 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
December 31, | |||||||||||
2013 | 2012 | ||||||||||
(in millions) | |||||||||||
Condensed balance sheet information: | |||||||||||
Current assets | $ | 84.3 | $ | 93.9 | |||||||
Noncurrent assets | 147.3 | 164.8 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets | $ | 231.6 | $ | 258.7 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Current liabilities | $ | 36.5 | $ | 45.9 | |||||||
Long-term liabilities | 25 | 26 | |||||||||
Equity | 170.1 | 186.8 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities and equity | $ | 231.6 | $ | 258.7 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The carrying value of these investments at December 31, 2013 was $379.7 million, which was $294.6 million more than our share of the affiliates' book value. The excess is primarily attributable to the purchase accounting impact of our acquisition of the investment in PLNL and reflects primarily the revaluation of property, plant and equipment, the value of an exclusive natural gas contract and goodwill. The increased basis for property, plant and equipment and the gas contract are being amortized over a remaining period of approximately 20 years and 10 years, respectively. Our equity in earnings of operating affiliates is different from our ownership interest in income reported by the unconsolidated affiliates due to amortization of these basis differences. | |||||||||||
        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 $151.0 million, $145.7 million and $161.9 million in 2013, 2012 and 2011, respectively. | |||||||||||
Non-Operating Equity Method Investments | |||||||||||
        Our non-operating equity method investments consist of: (1) a 50% ownership of KEYTRADE AG (Keytrade), a fertilizer trading company headquartered near Zurich, Switzerland; and (2) a 50% ownership in GrowHow UK Limited (GrowHow), which operates nitrogen production facilities in the United Kingdom. We account for these investments as non-operating equity method investments, and do not include the net earnings of these investments in earnings from operations since these operations do not provide additional capacity to us, nor are these operations integrated within our supply chain. | |||||||||||
        The combined results of operations and financial position of our non-operating equity method investments are summarized below: | |||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Condensed statement of operations information: | |||||||||||
Net sales | $ | 2,489.10 | $ | 2,751.60 | $ | 2,841.90 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings | $ | 43 | $ | 141.9 | $ | 117.4 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Equity in earnings of non-operating affiliates | $ | 9.6 | $ | 58.1 | $ | 41.9 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
December 31, | |||||||||||
2013 | 2012 | ||||||||||
(in millions) | |||||||||||
Condensed balance sheet information: | |||||||||||
Current assets | $ | 540.3 | $ | 595 | |||||||
Noncurrent assets | 319.3 | 293.4 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets | $ | 859.6 | $ | 888.4 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Current liabilities | $ | 310.6 | $ | 385.6 | |||||||
Long-term liabilities | 168.9 | 147.3 | |||||||||
Equity | 380.1 | 355.5 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities and equity | $ | 859.6 | $ | 888.4 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        In conjunction with our investment in Keytrade, we provided financing to Keytrade in the form of subordinated notes that mature on September 30, 2017 and bear interest at LIBOR plus 1.00 percent. At December 31, 2013 and 2012, the amount of the outstanding advances to Keytrade on our consolidated balance sheets was $12.4 million. For the twelve months ended December 31, 2013, 2012 and 2011, we recognized interest income on advances to Keytrade of $0.2 million. The carrying value of our advances to Keytrade approximates fair value. | |||||||||||
        Excluding the advances to Keytrade, the carrying value of our non-operating equity method investments at December 31, 2013 was $534.0 million, which was $343.9 million more than our share of the affiliates' book value. The excess is primarily attributable to the purchase accounting impact of our acquisition of the investments in GrowHow and KeyTrade and reflects the revaluation of property, plant and equipment, identifiable intangibles and goodwill. The increased basis for fixed assets and identifiable intangibles are being amortized over remaining periods up to 12 years. Our equity in earnings of non-operating affiliates is different than our ownership interest in their net earnings due to the amortization of basis differences. | |||||||||||
        At December 31, 2013, the amount of our consolidated retained earnings that represents our undistributed earnings of non-operating equity method investments is $24.6 million. | |||||||||||
Property_Plant_and_EquipmentNe
Property, Plant and Equipment-Net | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Property, Plant and Equipment-Net | ' | ||||||||||
Property, Plant and Equipment-Net | ' | ||||||||||
17.   Property, Plant and Equipment—Net | |||||||||||
        Property, plant and equipment—net consist of the following: | |||||||||||
December 31, | |||||||||||
2013 | 2012 | ||||||||||
(in millions) | |||||||||||
Land | $ | 37.9 | $ | 60.2 | |||||||
Mineral properties | — | 202.6 | |||||||||
Machinery and equipment | 5,046.80 | 5,388.60 | |||||||||
Buildings and improvements | 159.4 | 537.1 | |||||||||
Construction in progress | 1,099.10 | 469.1 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
6,343.20 | 6,657.60 | ||||||||||
Less: Accumulated depreciation, | |||||||||||
depletion and amortization | 2,241.50 | 2,757.10 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 4,101.70 | $ | 3,900.50 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        In the fourth quarter of 2013, we announced the sale of our phosphate mining and manufacturing business. As a result, the phosphate business' property, plant and equipment are included in noncurrent assets held for sale at December 31, 2013 and are not included in the 2013 amounts in the table above. See further information in Note 12—Assets and Liabilities Held for Sale. | |||||||||||
        Plant turnarounds—Scheduled inspections, replacements and overhauls of plant machinery and equipment at our continuous process manufacturing facilities are referred to as plant turnarounds. The expenditures related to turnarounds are capitalized into property, plant and equipment when incurred and are included in the table above in the line entitled, "Machinery and equipment." The following is a summary of plant turnaround activity for 2013, 2012 and 2011: | |||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Net capitalized turnaround costs at beginning of the year | $ | 82.1 | $ | 54.8 | $ | 66.8 | |||||
Additions | 78.6 | 56.6 | 16.2 | ||||||||
Depreciation | (40.8 | ) | (29.6 | ) | (27.9 | ) | |||||
Effect of exchange rate changes | (0.1 | ) | 0.3 | (0.3 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net capitalized turnaround costs at end of the year | $ | 119.8 | $ | 82.1 | $ | 54.8 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Scheduled replacements and overhauls of plant machinery and equipment include the dismantling, repair or replacement and installation of various components including piping, valves, motors, turbines, pumps, compressors, heat exchangers and the replacement of catalyst when a full plant shutdown occurs. Scheduled inspections are also conducted during full plant shutdowns, including required safety inspections which entail the disassembly of various components such as steam boilers, pressure vessels and other equipment requiring safety certifications. Internal employee costs and overhead are not considered turnaround costs and are not capitalized. | |||||||||||
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||||
18.   Goodwill and Other Intangible Assets | ||||||||||||||||||||
        The following table shows the carrying amount of goodwill by business segment at December 31, 2013 and 2012: | ||||||||||||||||||||
Nitrogen | Phosphate | Total | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Balance at December 31, 2012 | $ | 2,063.60 | $ | 0.9 | $ | 2,064.50 | ||||||||||||||
Goodwill related to acquisitions of Canadian terminals | 32.2 | — | 32.2 | |||||||||||||||||
Goodwill reclassified to non-current assets held for sale | — | (0.9 | ) | (0.9 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Balance at December 31, 2013 | $ | 2,095.80 | $ | — | $ | 2,095.80 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
        During the fourth quarter of 2013, we acquired three ammonia terminals in Canada for an aggregate purchase price of $72.5 million. These facilities increase our distribution capabilities to customers in Western Canada. The acquired assets were recorded at the acquisition date fair value and are being depreciated in accordance with our existing depreciation policy over their remaining economic useful lives. The Company recognized $32.2 million of goodwill that represents the excess of the purchase price over the net fair value of the assets acquired, which is not deductible for income tax purposes. | ||||||||||||||||||||
        The identifiable intangibles and carrying values are shown below. The Company's intangible assets are presented in noncurrent other assets on our consolidated balance sheets. | ||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||
Gross | Accumulated | Net | Gross | Accumulated | Net | |||||||||||||||
Carrying | Amortization | Carrying | Amortization | |||||||||||||||||
Amount | Amount | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Intangible assets: | ||||||||||||||||||||
Customer Relationships | $ | 50 | $ | (10.4 | ) | $ | 39.6 | $ | 50 | $ | (7.6 | ) | $ | 42.4 | ||||||
TerraCair Brand | 10 | (3.8 | ) | 6.2 | 10 | (2.8 | ) | 7.2 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total intangible assets | $ | 60 | $ | (14.2 | ) | $ | 45.8 | $ | 60 | $ | (10.4 | ) | $ | 49.6 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Amortization expense of our identifiable intangibles was $3.8 million, $3.8 million and $3.8 million for 2013, 2012 and 2011, respectively. | ||||||||||||||||||||
        Total estimated amortization expense for the five succeeding fiscal years is as follows: | ||||||||||||||||||||
Estimated | ||||||||||||||||||||
Amortization | ||||||||||||||||||||
Expense | ||||||||||||||||||||
(in millions) | ||||||||||||||||||||
2014 | $ | 4 | ||||||||||||||||||
2015 | 4 | |||||||||||||||||||
2016 | 4 | |||||||||||||||||||
2017 | 4 | |||||||||||||||||||
2018 | 4 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
$ | 20 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Other_Assets
Other Assets | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Other Assets | ' | |||||||
Other Assets | ' | |||||||
19.   Other Assets | ||||||||
        Other assets consist of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Deferred financing fees | $ | 47.8 | $ | 44.7 | ||||
Spare parts | 69.2 | 72.7 | ||||||
Investments in auction rate securities | 13.1 | 26 | ||||||
Intangible assets—net | 45.8 | 49.6 | ||||||
Nonqualified employee benefit trusts | 22.4 | 21.7 | ||||||
Tax related assets | 37.9 | 29.8 | ||||||
Other | 9.3 | 13.4 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 245.5 | $ | 257.9 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Deferred financing fees include amounts associated with our senior notes issued in connection with our credit agreement. See Note 21—Financing Agreements, for additional information. | ||||||||
        Our intangible assets are customer relationships and a trademark. See Note 18—Goodwill and Other Intangible Assets for additional information. | ||||||||
Accounts_Payable_and_Accrued_E
Accounts Payable and Accrued Expenses | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Accounts Payable and Accrued Expenses | ' | |||||||
Accounts Payable and Accrued Expenses | ' | |||||||
20.   Accounts Payable and Accrued Expenses | ||||||||
        Accounts payable and accrued expenses consist of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Accounts payable | $ | 169 | $ | 117.3 | ||||
Accrued natural gas costs | 86 | 80.8 | ||||||
Payroll and employee related costs | 71.8 | 63.1 | ||||||
Accrued expansion project costs | 55.4 | — | ||||||
Accrued share repurchase | 40.3 | — | ||||||
Accrued interest | 24 | 22.6 | ||||||
Asset retirement obligations—current portion | — | 12.3 | ||||||
Other | 117.6 | 70.4 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 564.1 | $ | 366.5 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Payroll and employee related costs include accrued salaries and wages, vacation, incentive plans and payroll taxes. | ||||||||
        Accrued expansion project costs include equipment costs and contracted services for the engineering and procurement related to our capacity expansion projects. | ||||||||
        Accrued interest on debt includes interest payable on our outstanding unsecured senior notes. For further details, see Note 21—Financing Agreements. | ||||||||
        The current portion of the asset retirement obligations for the current year is included in current liabilities held for sale as a result of the announced transaction to sell our phosphate mining and manufacturing business. For additional information, see Note 12—Assets and Liabilities Held for Sale. | ||||||||
        Other includes accrued utilities, property taxes, sales incentives and other credits, maintenance and professional services. | ||||||||
Financing_Agreements
Financing Agreements | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Financing Agreements | ' | |||||||
Financing Agreements | ' | |||||||
21.   Financing Agreements | ||||||||
        Long-term debt consisted of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Unsecured senior notes: | ||||||||
6.875% due 2018 | $ | 800 | $ | 800 | ||||
7.125% due 2020 | 800 | 800 | ||||||
3.450% due 2023 | 749.3 | — | ||||||
4.950% due 2043 | 748.8 | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 3,098.10 | $ | 1,600.00 | |||||
Less: Current portion | — | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net long-term debt | $ | 3,098.10 | $ | 1,600.00 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Credit Agreement | ||||||||
        In the second quarter of 2012, CF Holdings, as a guarantor, and CF Industries, as borrower, entered into a $500 million senior unsecured credit agreement, dated May 1, 2012 (the Credit Agreement), which provided for a revolving credit facility of up to $500 million with a maturity of five years. On April 22, 2013, the Credit Agreement was amended and restated to increase the credit facility from $500 million to $1.0 billion and extend its maturity an additional year to May 1, 2018. | ||||||||
        Borrowings under the Credit Agreement bear interest at a variable rate based on an applicable margin over LIBOR or a base rate and may be used for working capital, capital expenditures, acquisitions, share repurchases and other general purposes. The Credit Agreement requires that the Company maintain a minimum interest coverage ratio and not exceed a maximum total leverage ratio, and includes other customary terms and conditions, including customary events of default and covenants. | ||||||||
        All obligations under the Credit Agreement are unsecured. Currently CF Holdings is the only guarantor of CF Industries' obligations under the Credit Agreement. Certain of CF Industries' material domestic subsidiaries would be required to become guarantors under the Credit Agreement if such subsidiary were to guarantee other debt of the Company or CF Industries in excess of $350 million. Currently, no such subsidiary guarantees any debt. | ||||||||
        At December 31, 2013, there was $995.1 million of available credit under the Credit Agreement (net of outstanding letters of credit), and there were no borrowings outstanding. | ||||||||
Senior Notes due 2018 and 2020 | ||||||||
        On April 23, 2010, CF Industries issued $800 million aggregate principal amount of 6.875% senior notes due May 1, 2018 and $800 million aggregate principal amount of 7.125% senior notes due May 1, 2020 (the 2018/2020 Notes). Interest is paid semiannually on May 1 and November 1 and the 2018/2020 Notes are redeemable at our option, in whole at any time or in part from time to time, at specified make-whole redemption prices. | ||||||||
        The indentures governing the 2018/2020 Notes contain customary events of default and covenants that limit, among other things, the ability of the Company and its subsidiaries, including CF Industries, to incur liens on certain properties to secure debt. In the event of specified changes of control involving the Company or CF Industries, they also require CF Industries to offer to repurchase the 2018/2020 Notes at a price equal to 101% of the principal amount thereof, plus accrued and unpaid interest. | ||||||||
        Under the supplemental indentures governing the 2018/2020 Notes, the 2018/2020 Notes are guaranteed by CF Holdings. In addition, in the event that a subsidiary of the Company, other than CF Industries, becomes a borrower or a guarantor under the Credit Agreement (or any renewal, replacement or refinancing thereof), such subsidiary would be required to become a guarantor of the 2018/2020 Notes. | ||||||||
        At December 31, 2013, the carrying value of the 2018/2020 Notes was $1.6 billion and the fair value was approximately $1.9 billion. | ||||||||
Senior Notes due 2023 and 2043 | ||||||||
        On May 23, 2013, CF Industries issued $750 million aggregate principal amount of 3.450% senior notes due June 1, 2023 and $750 million aggregate principal amount of 4.950% senior notes due June 1, 2043 (the 2023/2043 Notes). Interest is paid semiannually on June 1 and December 1 and the 2023/2043 Notes are redeemable at our option, in whole at any time or in part from time to time, at specified make-whole redemption prices. We received net proceeds from the issuance and sale of the 2023/2043 Notes, after deducting underwriting discounts and offering expenses, of approximately $1.48 billion. We intend to use the net proceeds from the offering to fund our capacity expansion projects and working capital and for other general corporate purposes, including share repurchases. | ||||||||
        The indentures governing the 2023/2043 Notes contain customary events of default and covenants that limit, among other things, the ability of the Company and its subsidiaries, including CF Industries, to incur liens on certain properties to secure debt. In the event of specified changes of control involving CF Holdings or CF Industries, they also require CF Industries to offer to repurchase the 2023/2043 Notes at a price equal to 101% of the principal amount thereof, plus accrued and unpaid interest. | ||||||||
        Under the supplemental indentures governing the 2023/2043 Notes, the 2023/2043 Notes are guaranteed by CF Holdings. In addition, in the event that a subsidiary of the Company, other than CF Industries, becomes a borrower or a guarantor under the Credit Agreement (or any renewal, replacement or refinancing thereof), such subsidiary would be required to become a guarantor of the 2023/2043 Notes, provided that such requirement will no longer apply following the repayment of both issues of the 2018/2020 Notes or the subsidiaries of the Company, other than CF Industries, otherwise become no longer subject to such a requirement to guarantee the 2018/2020 Notes. | ||||||||
        At December 31, 2013, the carrying value of the 2023/2043 Notes was $1.5 billion and the fair value was approximately $1.4 billion. | ||||||||
Leases
Leases | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases | ' | ||||
Leases | ' | ||||
22.   Leases | |||||
        We have operating leases for certain property and equipment under various noncancelable agreements, the most significant of which are rail car leases and barge tow charters for the distribution of fertilizer. The rail car leases currently have minimum terms ranging from one to ten years and the barge charter commitments range from two to seven years. We also have terminal and warehouse storage agreements for our distribution system, some of which contain minimum throughput requirements. The storage agreements contain minimum terms generally ranging from one to three years and commonly contain automatic annual renewal provisions thereafter unless canceled by either party. | |||||
        Future minimum payments under noncancelable operating leases, including barge charters and storage agreements at December 31, 2013 are shown below. | |||||
Operating | |||||
Lease Payments | |||||
(in millions) | |||||
2014 | $ | 88.8 | |||
2015 | 81.5 | ||||
2016 | 76.1 | ||||
2017 | 58.7 | ||||
2018 | 42.3 | ||||
Thereafter | 91 | ||||
​ | ​ | ​ | ​ | ​ | |
$ | 438.4 | ||||
​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | |
        Total rent expense for cancelable and noncancelable operating leases was $98.9 million for 2013, $89.7 million for 2012 and $81.0 million for 2011. | |||||
Other_Noncurrent_Liabilities
Other Noncurrent Liabilities | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Other Noncurrent Liabilities | ' | |||||||
Other Noncurrent Liabilities | ' | |||||||
23.   Other Noncurrent Liabilities | ||||||||
        Other noncurrent liabilities consist of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Asset retirement obligations | $ | — | $ | 145 | ||||
Less: Current portion in accrued expenses | — | 12.3 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Noncurrent portion | — | 132.7 | ||||||
Benefit plans and deferred compensation | 156.1 | 209.1 | ||||||
Tax related liabilities | 81.8 | 38.5 | ||||||
Capacity expansion project costs | 70.5 | — | ||||||
Environmental and related costs | 4.3 | 4 | ||||||
Other | 12.9 | 11.4 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 325.6 | $ | 395.7 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Asset retirement obligations are for phosphogypsum stack closure, mine reclamation and other obligations (see Note 10—Asset Retirement Obligations). As a result of the announced phosphate mining and manufacturing business sale, our asset retirement obligations are included in noncurrent liabilities held for sale at December 31, 2013 (see Note 12—Assets and Liabilities Held for Sale). | ||||||||
        Benefit plans and deferred compensation include liabilities for pensions, retiree medical benefits, and the noncurrent portion of incentive plans (see Note 7—Pension and Other Postretirement Benefits). | ||||||||
        Capacity expansion project costs consist of amounts due to contractors with delayed payment terms that will be paid upon completion of the project. | ||||||||
        Environmental and related costs consist of the noncurrent portions of the liability for environmental items included in other operating—net (see Note 8—Other Operating—Net). | ||||||||
Derivative_Financial_Instrumen
Derivative Financial Instruments | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Derivative Financial Instruments | ' | |||||||||||||||||||||
Derivative Financial Instruments | ' | |||||||||||||||||||||
24.   Derivative Financial Instruments | ||||||||||||||||||||||
        We use derivative financial instruments to reduce our exposure to changes in commodity prices and foreign currency exchange rates. | ||||||||||||||||||||||
Commodity Price Risk Management | ||||||||||||||||||||||
        Natural gas is the largest and most volatile component of the manufacturing cost for nitrogen-based fertilizers. We manage the risk of changes in gas prices primarily through the use of derivative financial instruments covering periods of generally less than 18 months. The derivatives that we use are primarily fixed price swaps and call options traded in the over-the-counter (OTC) markets. These natural gas derivatives settle using primarily a NYMEX futures price index, which represents the basis for fair value at any given time. The contracts are entered into with respect to gas to be consumed in the future and settlements are scheduled to coincide with anticipated purchases of natural gas used to manufacture nitrogen products during those future periods. We use natural gas derivatives as an economic hedge of gas price risk, but without the application of hedge accounting. | ||||||||||||||||||||||
        As of December 31, 2013 and 2012, we had open natural gas derivative contracts for 76.3 million MMBtus and 58.9 million MMBtus, respectively. For the year ended December 31, 2013, we used derivatives to cover approximately 90% of our natural gas consumption. | ||||||||||||||||||||||
Foreign Currency Exchange Rates | ||||||||||||||||||||||
        In the fourth quarter of 2012, our Board of Directors authorized the expenditure of $3.8 billion to construct new ammonia and urea/UAN plants at our Donaldsonville, Louisiana complex and new ammonia and urea plants at our Port Neal, Iowa complex. A portion of the project costs are Euro-denominated. In order to manage our exposure to changes in the Euro to U.S. dollar currency exchange rates, we have hedged our projected Euro denominated payments through early 2015 using currency forward exchange contracts. | ||||||||||||||||||||||
        At December 31, 2013, the notional amount of our open foreign currency derivatives was $636.3 million. Of this amount none was designated as hedging instruments for accounting purposes. At December 31, 2013, the Company elected to de-designate the remaining cash flow hedging instruments related to our capacity expansion projects. | ||||||||||||||||||||||
        We did not utilize foreign currency derivatives in 2011. No reclassification from AOCI to income occurred in 2013, 2012 or 2011, and none is expected within the next twelve months. The AOCI related to our foreign currency derivatives is expected to be reclassified into income over the depreciable lives of the fixed assets associated with the capacity expansion projects. | ||||||||||||||||||||||
        The effect of derivatives in our consolidated statements of operations is shown in the tables below: | ||||||||||||||||||||||
Gain (loss) recognized | Gain (loss) reclassified from AOCI into income | |||||||||||||||||||||
in OCI | ||||||||||||||||||||||
Year ended December 31, | Year ended December 31, | |||||||||||||||||||||
Derivatives designated | 2013 | 2012 | 2011 | Location | 2013 | 2012 | 2011 | |||||||||||||||
as cash flow hedges | ||||||||||||||||||||||
(in millions) | (in millions) | |||||||||||||||||||||
Foreign exchange contracts | $ | 3 | $ | 7.2 | $ | — | Other operating—net | $ | — | $ | — | $ | — | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gain (loss) recognized in income | ||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||
Location | 2013 | 2012 | 2011 | |||||||||||||||||||
(in millions) | ||||||||||||||||||||||
Foreign exchange contracts | Other operating—net(1) | $ | (1.8 | ) | $ | 1.8 | $ | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gain (loss) recognized in income | ||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||
Derivatives not | Location | 2013 | 2012 | 2011 | ||||||||||||||||||
designated as hedges | ||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||
Natural gas derivatives | Cost of sales | $ | 52.9 | $ | 66.5 | $ | (77.3 | ) | ||||||||||||||
Foreign exchange contracts | Other operating—net | 14.8 | 6.3 | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 67.7 | $ | 72.8 | $ | (77.3 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gain (loss) in income | ||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||
All Derivatives | 2013 | 2012 | 2011 | |||||||||||||||||||
(in millions) | ||||||||||||||||||||||
Unrealized gains (losses) | ||||||||||||||||||||||
Derivatives not designated as hedges | $ | 67.7 | $ | 72.8 | $ | (77.3 | ) | |||||||||||||||
Cash flow hedge ineffectiveness | (1.8 | ) | 1.8 | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Total unrealized gains (losses) | 65.9 | 74.6 | (77.3 | ) | ||||||||||||||||||
Realized gains (losses) | 1.8 | (144.4 | ) | (54.5 | ) | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Net derivative gains (losses) | $ | 67.7 | $ | (69.8 | ) | $ | (131.8 | ) | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
-1 | ||||||||||||||||||||||
For derivatives designated as cash flow hedges, the amount reported as gain (loss) recognized in income represents the amount excluded from hedge effectiveness. | ||||||||||||||||||||||
        The fair values of derivatives on our consolidated balance sheets are shown below. For additional information on derivative fair values, see Note 5—Fair Value Measurements. | ||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||
Balance Sheet | Balance Sheet | |||||||||||||||||||||
Location | 2013 | 2012 | Location | 2013 | 2012 | |||||||||||||||||
(in millions) | (in millions) | |||||||||||||||||||||
Derivatives designated as hedging instruments | ||||||||||||||||||||||
Foreign exchange contracts | Other current assets | $ | — | $ | 4.2 | Other current liabilities | $ | — | $ | — | ||||||||||||
Foreign exchange contracts | Other noncurrent assets | — | 4.8 | Other noncurrent liabilities | — | — | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
$ | — | $ | 9 | $ | — | $ | — | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||
Foreign exchange contracts | Other current assets | $ | 27.3 | $ | 3.9 | Other current liabilities | $ | — | $ | — | ||||||||||||
Foreign exchange contracts | Other noncurrent assets | 1.6 | 2.4 | Other non current liabilities | — | — | ||||||||||||||||
Natural gas derivatives | Other current assets | 45.4 | 2 | Other current liabilities | (0.2 | ) | (5.5 | ) | ||||||||||||||
Natural gas derivatives | Other noncurrent assets | — | — | Other non current liabilities | — | (0.1 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
$ | 74.3 | $ | 8.3 | $ | (0.2 | ) | $ | (5.6 | ) | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
Total derivatives | $ | 74.3 | $ | 17.3 | $ | (0.2 | ) | $ | (5.6 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
Current / Non-Current Totals | ||||||||||||||||||||||
Other current assets | $ | 72.7 | $ | 10.1 | Other current liabilities | $ | (0.2 | ) | $ | (5.5 | ) | |||||||||||
Other noncurrent assets | 1.6 | 7.2 | Other non current liabilities | — | (0.1 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
Total derivatives | $ | 74.3 | $ | 17.3 | $ | (0.2 | ) | $ | (5.6 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
        The counterparties to our derivative contracts are large financial institutions and large oil and gas companies. Our derivatives are executed with several counterparties, generally under International Swaps and Derivatives Association (ISDA) agreements. The ISDA agreements are master netting arrangements commonly used for OTC derivatives that mitigate exposure to counterparty credit risk, in part, by creating contractual rights of netting and setoff, the specifics of which vary from agreement to agreement. These rights are described further below: | ||||||||||||||||||||||
• | ||||||||||||||||||||||
Settlement netting generally allows us and our counterparties to net, into a single net payable or receivable, ordinary settlement obligations arising between us under the ISDA agreement on the same day, in the same currency, for the same types of derivative instruments, and through the same pairing of offices. | ||||||||||||||||||||||
• | ||||||||||||||||||||||
Close-out netting rights are provided in the event of a default or other termination event (as defined in the ISDA agreements), including bankruptcy. Depending on the cause of early termination, the non-defaulting party may elect to accelerate and terminate all or some transactions outstanding under the ISDA agreement. The values of all terminated transactions and certain other payments under the ISDA agreement are netted, resulting in a single net close-out amount payable to or by the non-defaulting party. Termination values may be determined using a mark-to-market approach or based on a party's good faith estimate of its loss. If the final net close-out amount is payable by the non-defaulting party, that party's obligation to make the payment may be conditioned on factors such as the termination of all derivative transactions between the parties or payment in full of all of the defaulting party's obligations to the non-defaulting party, in each case regardless of whether arising under the ISDA agreement or otherwise. | ||||||||||||||||||||||
• | ||||||||||||||||||||||
Setoff rights are provided by certain of our ISDA agreements and generally allow a non-defaulting party to elect to setoff, against the final net close-out payment, other matured and contingent amounts payable between us and our counterparties under the ISDA agreement or otherwise. Typically, these setoff rights arise upon the early termination of all transactions outstanding under an ISDA agreement following a default or specified termination event. | ||||||||||||||||||||||
        Most of our ISDA agreements contain credit-risk-related contingent features with sliding-scale credit support thresholds that are dependent upon the ratings assigned to our long-term unsecured debt by certain credit rating agencies. Downgrades in our credit ratings would cause the applicable threshold levels to decrease and improvements in those ratings could cause the threshold levels to increase. If our net liability positions exceed the threshold amounts, the counterparties could require cash collateral, some other form of credit support, or daily cash settlement of unrealized losses. At December 31, 2013 and 2012, the aggregate fair value of the derivative instruments with credit-risk-related contingent features in net liability positions was $0.2 million and $0.9 million, respectively, which also approximates the fair value of the maximum amount of additional collateral that would need to be posted or assets needed to settle the obligations if the credit-risk-related contingent features were triggered at the reporting dates. At December 31, 2013 and 2012, we had no cash collateral on deposit with counterparties for derivative contracts. The credit support documents executed in connection with ISDA agreements generally provide us and our counterparties the right to setoff collateral against amounts owing under the ISDA agreements upon the occurrence of a default or a specified termination event. | ||||||||||||||||||||||
        The following table presents amounts relevant to offsetting of our derivative assets and liabilities at December 31, 2013 and 2012. | ||||||||||||||||||||||
Gross amounts | ||||||||||||||||||||||
not offset in | ||||||||||||||||||||||
consolidated | ||||||||||||||||||||||
Gross and net | balance sheet | |||||||||||||||||||||
amounts | ||||||||||||||||||||||
presented in | ||||||||||||||||||||||
consolidated | ||||||||||||||||||||||
balance | ||||||||||||||||||||||
sheet(1) | Financial | Cash | Net | |||||||||||||||||||
instruments | collateral | amount | ||||||||||||||||||||
received | ||||||||||||||||||||||
(pledged) | ||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||
Total derivative assets | $ | 74.3 | $ | 0.2 | $ | — | $ | 74.1 | ||||||||||||||
Total derivative liabilities | — | — | — | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Net assets | $ | 74.3 | $ | 0.2 | $ | — | $ | 74.1 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
December 31, 2012 | ||||||||||||||||||||||
Total derivative assets | $ | 17.3 | $ | 4.6 | $ | — | $ | 12.7 | ||||||||||||||
Total derivative liabilities | 5.6 | 4.6 | — | 1 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Net assets | $ | 11.7 | $ | — | $ | — | $ | 11.7 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
-1 | ||||||||||||||||||||||
We report the fair values of our derivative assets and liabilities on a gross basis on our consolidated balance sheets. As a result, the gross amounts recognized and net amounts presented are the same. | ||||||||||||||||||||||
        Our exposure to credit loss from nonperformance by counterparties was approximately $74.1 million and $12.7 million at December 31, 2013 and 2012, respectively. We do not believe the contractually allowed netting, close-out netting or set-off of amounts owed to, or due from, the counterparties to our ISDA agreements would have a material effect on our financial position. | ||||||||||||||||||||||
Stockholders_Equity
Stockholders' Equity | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Stockholders' Equity | ' | ||||||||||||||||
Stockholders' Equity | ' | ||||||||||||||||
25.   Stockholders' Equity | |||||||||||||||||
Common Stock | |||||||||||||||||
        In the third quarter of 2011, our Board of Directors authorized a program to repurchase up to $1.5 billion of CF Holdings common stock through December 31, 2013. During 2011, we repurchased 6.5 million shares under the program for $1.0 billion, and in the second quarter of 2012, we repurchased 3.1 million shares of CF Holdings common stock for $500.0 million, thereby completing this program. In June 2012, all 9.6 million shares that were repurchased under this program were retired. | |||||||||||||||||
        In the third quarter of 2012, our Board of Directors authorized a program to repurchase up to $3.0 billion of CF Holdings common stock through December 31, 2016. Repurchases under this program may be made from time to time in the open market, in privately negotiated transactions, or otherwise. The manner, timing, and amount of any repurchases are determined by our management based on evaluation of market conditions, stock price, and other factors. During 2013, we repurchased 7.3 million shares for $1.4 billion, of which $40.3 million was accrued but unpaid at December 31, 2013. During the year we retired 6.4 million shares of repurchased stock. At December 31, 2013 we held in treasury approximately 0.9 million shares of repurchased stock. Subsequent to December 31, 2013, we repurchased an additional 1.2 million shares for $294.9 million, bringing the total repurchased shares to date under this program to 8.5 million at an aggregate expenditure of $1.7 billion. | |||||||||||||||||
        Changes in common shares outstanding are as follows: | |||||||||||||||||
Year ended December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Beginning balance | 62,950,688 | 65,419,989 | 71,267,185 | ||||||||||||||
Exercise of stock options | 226,303 | 569,490 | 638,926 | ||||||||||||||
Issuance of restricted stock(1) | 30,074 | 25,662 | 32,867 | ||||||||||||||
Forfeitures of restricted stock | (1,570 | ) | (2,170 | ) | (3,140 | ) | |||||||||||
Purchase of treasury shares(2) | (7,340,682 | ) | (3,062,283 | ) | (6,515,849 | ) | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Ending balance | 55,864,813 | 62,950,688 | 65,419,989 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
-1 | |||||||||||||||||
Consists of restricted shares issued, net of shares issued from treasury. | |||||||||||||||||
-2 | |||||||||||||||||
Includes treasury shares acquired through shares withheld to pay employee tax obligations upon the vesting of restricted stock. | |||||||||||||||||
Stockholder Rights Plan | |||||||||||||||||
        We have adopted a stockholder rights plan (the Rights Plan). The existence of the rights and the Rights Plan is intended to deter coercive or partial offers which may not provide fair value to all stockholders and to enhance our ability to represent all of our stockholders and thereby maximize stockholder value. | |||||||||||||||||
        Under the Rights Plan, each share of common stock has attached to it one right. Each right entitles the holder to purchase one one-thousandth of a share of a series of our preferred stock designated as Series A junior participating preferred stock at an exercise price of $90, subject to adjustment. Rights will only be exercisable under limited circumstances specified in the rights agreement when there has been a distribution of the rights and such rights are no longer redeemable by us. A distribution of the rights would occur upon the earlier of (i) 10 business days following a public announcement that any person or group has acquired beneficial ownership of 15% or more (or, in the case of certain institutional and other investors, 20% or more) of the outstanding shares of our common stock, other than as a result of repurchases of stock by us; or (ii) 10 business days, or such later date as our Board of Directors may determine, after the date of the commencement of a tender offer or exchange offer that would result in any person, group or related persons acquiring beneficial ownership of 15% or more (or, in the case of certain institutional and other investors, 20% or more) of the outstanding shares of our common stock. The rights will expire at 5:00 P.M. (New York City time) on July 21, 2015, unless such date is extended or the rights are earlier redeemed or exchanged by us. | |||||||||||||||||
        If any person or group acquires shares representing 15% or more (or, in the case of certain institutional and other investors, 20% or more) of the outstanding shares of our common stock, the rights will entitle a holder, other than such person, any member of such group or related person, all of whose rights will be null and void, to acquire a number of additional shares of our common stock having a market value of twice the exercise price of each right. If we are involved in a merger or other business combination transaction, each right will entitle its holder to purchase, at the right's then-current exercise price, a number of shares of the acquiring or surviving company's common stock having a market value at that time of twice the right's exercise price. | |||||||||||||||||
        The description and terms of the rights are set forth in a Rights Agreement dated as of July 21, 2005, between us and The Bank of New York, as amended by the First Amendment to the Rights Agreement, dated as of August 31, 2010, between us and Mellon Investor Services, LLC (as successor to the Bank of New York), as Rights Agent. | |||||||||||||||||
Preferred Stock | |||||||||||||||||
        We are authorized to issue 50 million shares of $0.01 par value preferred stock. Our amended and restated certificate of incorporation authorizes our Board of Directors, without any further stockholder action or approval, to issue these shares in one or more classes or series, and to fix the rights, preferences and privileges of the shares of each wholly unissued class or series and any of its qualifications, limitations or restrictions. In connection with our Rights Plan, 500,000 shares of preferred stock have been designated as Series A junior participating preferred stock. No shares of preferred stock have been issued. | |||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | |||||||||||||||||
        Changes to accumulated other comprehensive income (loss) and the impact on other comprehensive loss are as follows: | |||||||||||||||||
Foreign | Unrealized | Unrealized | Defined | Accumulated | |||||||||||||
Currency | Gain (Loss) | Gain (Loss) | Benefit | Other | |||||||||||||
Translation | on | on | Plans | Comprehensive | |||||||||||||
Adjustment | Securities | Derivatives | Income (Loss) | ||||||||||||||
(in millions) | |||||||||||||||||
Balance at December 31, 2010 | $ | 22.4 | $ | (4.9 | ) | $ | — | $ | (70.8 | ) | $ | (53.3 | ) | ||||
Unrealized gain | — | 3.2 | — | — | 3.2 | ||||||||||||
Reclassification to net earnings | — | (0.2 | ) | — | 7.9 | 7.7 | |||||||||||
Loss arising during the period | — | — | — | (45.2 | ) | (45.2 | ) | ||||||||||
Effect of exchange rate changes and deferred taxes | (7.0 | ) | (1.1 | ) | — | (3.6 | ) | (11.7 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2011 | 15.4 | (3.0 | ) | — | (111.7 | ) | (99.3 | ) | |||||||||
Unrealized gain | — | 4.3 | 7.2 | — | 11.5 | ||||||||||||
Reclassification to net earnings | — | (0.6 | ) | — | 11.5 | 10.9 | |||||||||||
Loss arising during the period | — | — | — | (1.0 | ) | (1.0 | ) | ||||||||||
Effect of exchange rate changes and deferred taxes | 46 | (1.1 | ) | (2.6 | ) | (14.0 | ) | 28.3 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2012 | 61.4 | (0.4 | ) | 4.6 | (115.2 | ) | (49.6 | ) | |||||||||
Unrealized gain | — | 2.1 | 3 | — | 5.1 | ||||||||||||
Reclassification to earnings | — | (0.6 | ) | — | 12.2 | 11.6 | |||||||||||
Gain arising during the period | — | — | — | 46.2 | 46.2 | ||||||||||||
Effect of exchange rate changes and deferred taxes | (29.5 | ) | (0.5 | ) | (1.1 | ) | (24.8 | ) | (55.9 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2013 | $ | 31.9 | $ | 0.6 | $ | 6.5 | $ | (81.6 | ) | $ | (42.6 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The $1.0 million defined benefit plan loss arising during 2012 is net of a $13.4 million curtailment gain pertaining to retiree medical benefits recognized in the third quarter of 2012. For additional information, refer to Note 7—Pension and Other Postretirement Benefits. | |||||||||||||||||
        Reclassifications out of AOCI to the consolidated statement of operations for the year ended December 31, 2013 were as follows: | |||||||||||||||||
Amount | Affected line item in | ||||||||||||||||
Reclassified | consolidated statement of operations | ||||||||||||||||
from AOCI | |||||||||||||||||
(in millions) | |||||||||||||||||
Unrealized Gain (Loss) on Securities | |||||||||||||||||
Available-for-sale securities | $ | (0.6 | ) | Interest income | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Total before tax | (0.6 | ) | |||||||||||||||
Tax effect | 0.2 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Net of tax | $ | (0.4 | ) | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Defined Benefit Plans | |||||||||||||||||
Amortization of transition obligation | $ | — | -1 | ||||||||||||||
Amortization of prior service cost | 0.3 | -1 | |||||||||||||||
Amortization of net loss | 11.9 | -1 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Total before tax | 12.2 | ||||||||||||||||
Tax effect | (4.3 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Net of tax | $ | 7.9 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Total reclassifications for the period | $ | 7.5 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
-1 | |||||||||||||||||
These AOCI components are included in the computation of net periodic benefit cost of our pension and other postretirement benefits. | |||||||||||||||||
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | |||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||||||||||||
26.   Stock-Based Compensation | ||||||||||||||||||||||||||
2009 Equity and Incentive Plan | ||||||||||||||||||||||||||
        We grant stock-based compensation awards under the CF Industries Holdings, Inc. 2009 Equity and Incentive Plan (the Plan). Under the Plan, we may grant incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards (payable in cash or stock) and other stock-based awards to our officers, employees, consultants and independent contractors (including non-employee directors). The purpose of the Plan is to provide an incentive for our employees, officers, consultants and non-employee directors that is aligned with the interests of our stockholders. | ||||||||||||||||||||||||||
Share Reserve and Individual Award Limits | ||||||||||||||||||||||||||
        The maximum number of shares reserved for the grant of awards under the Plan is the sum of (i) 3.9 million and (ii) the number of shares subject to outstanding awards under our predecessor plan to the extent such awards terminate or expire without delivery of shares. For purposes of determining the number of shares of stock available for grant under the Plan, each option or stock appreciation right is counted against the reserve as one share. Each share of stock granted, other than an option or a stock appreciation right, is counted against the reserve as 1.61 shares. If any outstanding award expires or is settled in cash, any unissued shares subject to the award are again available for grant under the Plan. Shares tendered in payment of the exercise price of an option and shares withheld by the Company or otherwise received by the Company to satisfy tax withholding obligations are not available for future grant under the Plan. At December 31, 2013, we had 2.9 million shares available for future awards under the Plan. The Plan provides that no more than 1.0 million underlying shares may be granted to a participant in any one calendar year. | ||||||||||||||||||||||||||
Stock Options | ||||||||||||||||||||||||||
        Under the Plan, we granted to plan participants nonqualified options to purchase shares of our common stock. The exercise price of these options is equal to the market price of our common stock on the date of grant. The contractual life of the options is ten years and generally one-third of the options vest on each of the first three anniversaries of the date of grant. | ||||||||||||||||||||||||||
        The fair value of each stock option award is estimated using the Black- Scholes option valuation model. Key assumptions used and resulting grant date fair values are shown in the following table. | ||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||
Assumptions: | ||||||||||||||||||||||||||
Weighted-average expected volatility | 35% | 50% | 53% | |||||||||||||||||||||||
Expected term of stock options | 4.4 Years | 4.5 Years | 4.7 Years | |||||||||||||||||||||||
Risk-free interest rate | 1.40% | 0.70% | 0.90% | |||||||||||||||||||||||
Weighted-average expected dividend yield | 0.80% | 0.80% | 1.10% | |||||||||||||||||||||||
Weighted-average grant date fair value per share of options granted | $53.82 | $80.59 | $56.60 | |||||||||||||||||||||||
        The expected volatility of our stock options is based on the combination of the historical volatility of our stock and implied volatilities of exchange traded options on our stock. The expected term of options is estimated based on our historical exercise experience, post vesting employment termination behavior and the contractual term. The risk-free interest rate is based on the U.S. Treasury Strip yield curve in effect at the time of grant for the expected term of the options. | ||||||||||||||||||||||||||
        A summary of stock option activity under the plan at December 31, 2013 is presented below: | ||||||||||||||||||||||||||
Shares | Weighted- | |||||||||||||||||||||||||
Average | ||||||||||||||||||||||||||
Exercise Price | ||||||||||||||||||||||||||
Outstanding at December 31, 2012 | 766,607 | $ | 100.34 | |||||||||||||||||||||||
Granted | 212,420 | 188.73 | ||||||||||||||||||||||||
Exercised | (226,303 | ) | 44.93 | |||||||||||||||||||||||
Forfeited | (15,192 | ) | 170.38 | |||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Outstanding at December 31, 2013 | 737,532 | 141.76 | ||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Exercisable at December 31, 2013 | 406,687 | 102.53 | ||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
        Selected amounts pertaining to stock option exercises are as follows: | ||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||
Cash received from stock option exercises | $ | 10.3 | $ | 14.6 | $ | 15.5 | ||||||||||||||||||||
Actual tax benefit realized from stock option exercises | $ | 11.9 | $ | 36.9 | $ | 30 | ||||||||||||||||||||
Pre-tax intrinsic value of stock options exercised | $ | 38.6 | $ | 95.2 | $ | 79.4 | ||||||||||||||||||||
        The following table summarizes information about stock options outstanding and exercisable at December 31, 2013: | ||||||||||||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||||||||||||
Range of | Shares | Weighted- | Weighted- | Aggregate | Shares | Weighted- | Weighted- | Aggregate | ||||||||||||||||||
Exercise Prices | Average | Average | Intrinsic | Average | Average | Intrinsic | ||||||||||||||||||||
Remaining | Exercise Price | Value(1) | Remaining | Exercise Price | Value(1) | |||||||||||||||||||||
Contractual | (in millions) | Contractual | (in millions) | |||||||||||||||||||||||
Term | Term | |||||||||||||||||||||||||
(years) | (years) | |||||||||||||||||||||||||
$Â Â 14.83 - $Â Â 20.00 | 24,000 | 1.9 | $ | 15.86 | $ | 5.2 | 24,000 | 1.9 | $ | 15.86 | $ | 5.2 | ||||||||||||||
$Â Â 20.01 - $100.00 | 234,003 | 5.9 | 76.5 | 36.6 | 234,003 | 5.9 | 76.5 | 36.6 | ||||||||||||||||||
$100.01 - $207.95 | 479,529 | 8.4 | 179.86 | 25.5 | 148,684 | 6.9 | 157.5 | 11.2 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
737,532 | 7.4 | 141.76 | $ | 67.3 | 406,687 | 6 | 102.53 | $ | 53 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
-1 | ||||||||||||||||||||||||||
The aggregate intrinsic value represents the total pre-tax intrinsic value, based on our closing stock price of $233.04 as of December 31, 2013, which would have been received by the option holders had all option holders exercised their options as of that date. | ||||||||||||||||||||||||||
Restricted Stock | ||||||||||||||||||||||||||
        The fair value of a restricted stock award is equal to the numbers of shares awarded multiplied by the closing market price of our common stock on the date of grant. The restricted stock awarded to key employees vests three years from the date of grant. The restricted stock awarded to non-management members of our Board of Directors vests the earlier of one year from the date of the grant or the date of the next annual stockholder meeting. During the vesting period, the holders of the restricted stock are entitled to dividends and voting rights. | ||||||||||||||||||||||||||
        A summary of restricted stock activity under the plan at December 31, 2013 is presented below: | ||||||||||||||||||||||||||
Shares | Weighted- | |||||||||||||||||||||||||
Average | ||||||||||||||||||||||||||
Grant-Date | ||||||||||||||||||||||||||
Fair Value | ||||||||||||||||||||||||||
Outstanding at December 31, 2012 | 98,284 | $ | 129.05 | |||||||||||||||||||||||
Granted | 30,074 | 189.42 | ||||||||||||||||||||||||
Restrictions lapsed (vested) | (52,785 | ) | 87.67 | |||||||||||||||||||||||
Forfeited | (1,570 | ) | 137.99 | |||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Outstanding at December 31, 2013 | 74,003 | 200.11 | ||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
        The weighted-average grant date fair value per share of restricted stock granted in 2013, 2012 and 2011 was $189.42, $201.22 and $150.64, respectively. | ||||||||||||||||||||||||||
        Selected amounts pertaining to restricted stock that vested are as follows: | ||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||
Actual tax benefit realized from restricted stock vested | $ | 3.4 | $ | 2.9 | $ | 1.7 | ||||||||||||||||||||
Fair value of restricted stock vested | $ | 10 | $ | 7.6 | $ | 4.4 | ||||||||||||||||||||
Compensation Cost | ||||||||||||||||||||||||||
        Compensation cost is recorded primarily in selling, general and administrative expense. The following table summarizes stock-based compensation costs and related income tax benefits. | ||||||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||
Stock-based compensation expense(1) | $ | 12.6 | $ | 11.1 | $ | 9.9 | ||||||||||||||||||||
Income tax benefit | (4.6 | ) | (4.0 | ) | (3.7 | ) | ||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Stock-based compensation expense, net of income taxes | $ | 8 | $ | 7.1 | $ | 6.2 | ||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
-1 | ||||||||||||||||||||||||||
In addition to our expense associated with the Plan, TNCLP also recognizes stock-based compensation expense for phantom units provided to non-employee directors of TNGP. The expense resulting from these market-based liability awards amounted to zero, $0.8 million and $0.7 million for the years ended December 31, 2013, 2012 and 2011 respectively. Stock compensation expense reported in our consolidated statements of operations and consolidated statements of cash flows includes this phantom unit expense. | ||||||||||||||||||||||||||
        As of December 31, 2013, pre-tax unrecognized compensation cost, net of estimated forfeitures, was $14.9 million for stock options, which will be recognized over a weighted average period of 2.1 years, and $7.2 million for restricted stock, which will be recognized over a weighted average period of 2.1 years. | ||||||||||||||||||||||||||
        An excess tax benefit is generated when the realized tax benefit from the vesting of restricted stock, or a stock option exercise, exceeds the previously recognized deferred tax asset. Excess tax benefits are required to be reported as a financing cash inflow rather than a reduction of taxes paid. The excess tax benefits in 2013, 2012 and 2011 totaled $13.5 million, $36.1 million and $47.2 million, respectively. | ||||||||||||||||||||||||||
Other_Financial_Statement_Data
Other Financial Statement Data | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Financial Statement Data | ' | ||||||||||
Other Financial Statement Data | ' | ||||||||||
27.   Other Financial Statement Data | |||||||||||
        The following provides additional information relating to cash flow activities: | |||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Cash paid during the year for | |||||||||||
Interest | $ | 162 | $ | 113.1 | $ | 126.7 | |||||
Income taxes—net of refunds | 847.4 | 1,073.70 | 819.2 |
Contingencies
Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Contingencies | ' |
Contingencies | ' |
28.   Contingencies | |
Litigation | |
West Fertilizer Co. | |
        In April 2013, there was a fire and explosion at the West Fertilizer Co. fertilizer storage and distribution facility in West, Texas. According to published reports, 15 people were killed and approximately 200 people were injured in the incident, and the fire and explosion damaged or destroyed a number of homes and buildings around the facility. We have been named as defendants in lawsuits filed in 2013 in the District Court of McLennan County, Texas by the City of West, individual residents of the County and other parties seeking recovery for damages allegedly sustained as a result of the explosion. Plaintiffs allege various theories of negligence, strict liability and breach of warranty under Texas law. Although we do not own or operate the facility or directly sell our product to West Fertilizer Co., products we have manufactured and sold to others have been delivered to the facility and may have been stored at the West facility at the time of the incident. Based on the initial analysis of the pending lawsuits, we believe that we have strong legal and factual defenses to the claims and intend to defend ourselves vigorously in the pending lawsuits and any other claims brought against us in connection with the incident. | |
Other Litigation | |
        From time to time, we are subject to ordinary, routine legal proceedings related to the usual conduct of our business, including proceedings regarding public utility and transportation rates, environmental matters, taxes and permits relating to the operations of our various plants and facilities. Based on the information available as of the date of this filing, we believe that the ultimate outcome of these routine matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows. | |
Environmental | |
Florida Environmental Matters | |
Clean Air Act Notice of Violation | |
        The Company received a Notice of Violation (NOV) from the EPA by letter dated June 16, 2010, alleging that the Company violated the Prevention of Significant Deterioration (PSD) Clean Air Act regulations relating to certain projects undertaken at the Plant City facility's sulfuric acid plants. This NOV further alleges that the actions that are the basis for the alleged PSD violations also resulted in violations of Title V air operating permit regulations. Finally, the NOV alleges that the Company failed to comply with certain compliance dates established by hazardous air pollutant regulations for phosphoric acid manufacturing plants and phosphate fertilizer production plants. Although this matter has been referred to the United States Department of Justice (DOJ), the Company has continued to meet with the EPA to discuss these alleged violations. The Company does not know at this time if it will settle this matter prior to initiation of formal legal action. | |
        We cannot estimate the potential penalties, fines or other expenditures, if any, that may result from the Clean Air Act NOV and, therefore, we cannot determine if the ultimate outcome of this matter will have a material impact on the Company's financial position, results of operations or cash flows. | |
EPCRA/CERCLA Notice of Violation | |
        By letter dated July 6, 2010, the EPA issued a NOV to the Company alleging violations of Section 313 of the Emergency Planning and Community Right-to-Know Act (EPCRA), which requires annual reports to be submitted with respect to the use of certain toxic chemicals. The NOV also included an allegation that the Company violated Section 304 of EPCRA and Section 103 of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) by failing to file a timely notification relating to the release of hydrogen fluoride above applicable reportable quantities. The Company does not know at this time if it will settle this matter prior to initiation of formal legal action. | |
        We do not expect that penalties or fines, if any, that may arise out of the EPCRA/CERCLA matter will have a material impact on the Company's financial position, results of operations or cash flows. | |
Federal and State Numeric Nutrient Criteria Regulation | |
        On August 18, 2009, the EPA entered into a consent decree with certain environmental groups with respect to the promulgation of numeric criteria for nitrogen and phosphorous in surface waters in Florida. The consent decree was approved by a Federal district court judge on November 16, 2009. The EPA adopted final numeric nutrient criteria for Florida lakes and inland flowing waters on November 14, 2010. On February 18, 2012, the federal district court (Court) upheld parts of the numeric nutrient criteria regulation, but found that the EPA had not adequately justified the criteria for streams and therefore concluded that the adoption of such criteria was arbitrary and capricious. | |
        Subsequently, the Florida Department of Environmental Protection (FDEP) adopted its own nitrogen and phosphorous criteria for surface waters and related implementation standards. On November 30, 2012, the EPA approved Florida's nutrient criteria and, on June 27, 2013, the EPA approved new water quality standards submitted by the FDEP relating to the scope of coverage of the FDEP's numeric nutrient criteria for surface waters. On January 7, 2014, the U.S. District Court for the Northern District of Florida granted the EPA's motion to amend the 2009 consent decree. As a result, the EPA is no longer required by the consent decree to promulgate numeric nitrogen and phosphorous criteria for certain surface waters that the FDEP had determined were more properly regulated by the state's narrative standard. The Court's order allows the EPA to withdraw its federal numeric nutrient criteria, after which the FDEP's regulations will become effective. | |
        The 2009 consent decree also required the EPA to develop numeric nutrient criteria for Florida coastal and estuarine waters. Although the EPA proposed such criteria in 2012, the FDEP submitted to the EPA new numeric nutrient water quality standards for those waters on July 31 and August 1, 2013. On September 26, 2013, the EPA approved Florida's new and revised nutrient water quality standards for estuaries and coastal waters and informed the Court that as a result, it was not required to finalize the federal criteria that it had proposed. | |
        There is continuing regulatory uncertainty because the EPA's approval of the FDEP nutrient water quality standards is still subject to challenge. Nonetheless, numeric nutrient water quality criteria for Florida waters, whether federal or state, could result in substantially more stringent nitrogen and phosphorous limits in wastewater discharge permits for our mining, manufacturing and distribution operations in Florida. More stringent limits on wastewater discharge permits could increase our costs and limit our operations and, therefore, could have a material adverse effect on our business, financial condition, results of operations or cash flows. | |
Louisiana Environmental Matters | |
Clean Air Act—Section 185 Fee | |
        Our Donaldsonville Nitrogen Complex is located in a five-parish region near Baton Rouge, Louisiana that, as of 2005, was designated as being in "severe" nonattainment with respect to the national ambient air quality standard (NAAQS) for ozone (the 1-hour ozone standard) pursuant to the Federal Clean Air Act (the Act). Section 185 of the Act requires states, in their state implementation plans, to levy a fee (Section 185 fee) on major stationary sources (such as the Donaldsonville facility) located in a severe nonattainment area that did not meet the 1-hour ozone standard by November 30, 2005. The fee was to be assessed for each calendar year (beginning in 2006) until the area achieved compliance with the ozone NAAQS. | |
        Prior to the imposition of Section 185 fees, the EPA adopted a new ozone standard (the 8-hour ozone standard) and rescinded the 1-hour ozone standard. The Baton Rouge area was designated as a "moderate" nonattainment area with respect to the 8-hour ozone standard. However, because Section 185 fees had never been assessed prior to the rescission of the 1-hour ozone standard (rescinded prior to the November 30, 2005 ozone attainment deadline), the EPA concluded in a 2004 rulemaking implementing the 8-hour ozone standard that the Act did not require states to assess Section 185 fees. As a result, Section 185 fees were not assessed against CF Industries and other companies located in the Baton Rouge area. | |
        In 2006, the federal D.C. Circuit Court of Appeals rejected the EPA's position and held that Section 185 fees were controls that must be maintained and fees should have been assessed under the Act. In January 2008, the U.S. Supreme Court declined to accept the case for review, making the appellate court's decision final. | |
        In July 2011, the EPA approved a revision to Louisiana's air pollution program that eliminated the requirement for Baton Rouge area companies to pay Section 185 fees, based on Baton Rouge's ultimate attainment of the 1- hour standard through permanent and enforceable emissions reductions. EPA's approval of the Louisiana air program revision became effective on August 8, 2011. However, a recent decision by the federal D.C. Circuit Court of Appeals struck down a similar, but perhaps distinguishable, EPA guidance document regarding alternatives to Section 185 fees. At this time, the viability of EPA's approval of Louisiana's elimination of Section 185 fees is uncertain. Regardless of the approach ultimately adopted by the EPA, we expect that it is likely to be challenged by the environmental community, the states, and/or affected industries. Therefore, the costs associated with compliance with the Act cannot be determined at this time, and we cannot reasonably estimate the impact on the Company's financial position, results of operations or cash flows. | |
Clean Air Act Information Request | |
        On February 26, 2009, the Company received a letter from the EPA under Section 114 of the Act requesting information and copies of records relating to compliance with New Source Review and New Source Performance Standards at the Donaldsonville facility. The Company has completed the submittal of all requested information. There has been no further contact from the EPA regarding this matter. | |
Other | |
CERCLA/Remediation Matters | |
        From time to time, we receive notices from governmental agencies or third parties alleging that we are a potentially responsible party at certain cleanup sites under CERCLA or other environmental cleanup laws. In 2011, we received a notice from the Idaho Department of Environmental Quality (IDEQ) that alleged that we were a potentially responsible party for the cleanup of a former phosphate mine site we owned in the late 1950s and early 1960s located in Georgetown Canyon, Idaho. The current owner of the property and a former mining contractor received similar notices for the mine site. IDEQ requested that each party indicate its willingness to enter into negotiations for a remedial investigation of the site. The current owner indicated a willingness to negotiate. While reserving all rights and not admitting liability, we also indicated a willingness to negotiate. Negotiations are continuing. We are not able to estimate at this time our potential liability, if any, with respect to the cleanup of the site. However, based on currently available information, we do not expect that any remedial or financial obligations we may be subject to involving this or other cleanup sites will have a material adverse effect on our business, financial condition, results of operations or cash flows. | |
Segment_Disclosures
Segment Disclosures | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Segment Disclosures | ' | |||||||||||||
Segment Disclosures | ' | |||||||||||||
29.   Segment Disclosures | ||||||||||||||
        We are organized and managed based on two segments, which are differentiated primarily by their products, the markets they serve and the regulatory environments in which they operate. The two segments are the nitrogen segment and the phosphate segment. The Company's management uses gross margin to evaluate segment performance and allocate resources. Selling, general and administrative expenses, other operating—net, non-operating—net, interest, and income taxes, are centrally managed and not included in the measurement of segment profitability reviewed by management. The accounting policies of the segments are the same as those described in Note 2—Summary of Significant Accounting Policies. | ||||||||||||||
        Segment data for net sales, cost of sales, gross margin, depreciation, depletion and amortization, capital expenditures, and assets for 2013, 2012 and 2011 are shown in the following tables. Other assets, capital expenditures and depreciation include amounts attributable to the corporate headquarters and unallocated corporate assets, such as our cash and cash equivalents, equity method investments and other investments. | ||||||||||||||
Nitrogen | Phosphate | Consolidated | ||||||||||||
(in millions) | ||||||||||||||
Year ended December 31, 2013 | ||||||||||||||
Net sales | ||||||||||||||
Ammonia | $ | 1,437.90 | $ | — | $ | 1,437.90 | ||||||||
Urea | 924.6 | — | 924.6 | |||||||||||
UAN | 1,935.10 | — | 1,935.10 | |||||||||||
AN | 215.1 | — | 215.1 | |||||||||||
DAP | — | 600.6 | 600.6 | |||||||||||
MAP | — | 196.3 | 196.3 | |||||||||||
Other | 165.1 | — | 165.1 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
4,677.80 | 796.9 | 5,474.70 | ||||||||||||
Cost of sales | 2,232.50 | 722 | 2,954.50 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Gross margin | $ | 2,445.30 | $ | 74.9 | $ | 2,520.20 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total other operating costs and expenses | 150.2 | |||||||||||||
Equity in earnings of operating affiliates | 41.7 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Operating earnings | $ | 2,411.70 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Year ended December 31, 2012 | ||||||||||||||
Net sales | ||||||||||||||
Ammonia | $ | 1,677.60 | $ | — | $ | 1,677.60 | ||||||||
Urea | 1,143.40 | — | 1,143.40 | |||||||||||
UAN | 1,886.20 | — | 1,886.20 | |||||||||||
AN | 222.8 | — | 222.8 | |||||||||||
DAP | — | 794.5 | 794.5 | |||||||||||
MAP | — | 212.9 | 212.9 | |||||||||||
Other | 166.6 | — | 166.6 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
5,096.60 | 1,007.40 | 6,104.00 | ||||||||||||
Cost of sales | 2,183.00 | 807.7 | 2,990.70 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Gross margin | $ | 2,913.60 | $ | 199.7 | $ | 3,113.30 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total other operating costs and expenses | 200.9 | |||||||||||||
Equity in earnings of operating affiliates | 47 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Operating earnings | $ | 2,959.40 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Year ended December 31, 2011 | ||||||||||||||
Net sales | ||||||||||||||
Ammonia | $ | 1,562.80 | $ | — | $ | 1,562.80 | ||||||||
Urea | 1,069.70 | — | 1,069.70 | |||||||||||
UAN | 1,991.60 | — | 1,991.60 | |||||||||||
DAP | 247.5 | — | 247.5 | |||||||||||
MAP | — | 829.1 | 829.1 | |||||||||||
Potash | — | 256.7 | 256.7 | |||||||||||
Other | 140.5 | — | 140.5 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
5,012.10 | 1,085.80 | 6,097.90 | ||||||||||||
Cost of sales | 2,448.90 | 753.4 | 3,202.30 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Gross margin | $ | 2,563.20 | $ | 332.4 | $ | 2,895.60 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total other operating costs and expenses | 155.3 | |||||||||||||
Equity in earnings of operating affiliates | 50.2 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Operating earnings | $ | 2,790.50 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Nitrogen | Phosphate | Other | Consolidated | |||||||||||
(in millions) | ||||||||||||||
Depreciation, depletion and amortization | ||||||||||||||
Year ended December 31, 2013 | $ | 328.4 | $ | 42.3 | $ | 39.9 | $ | 410.6 | ||||||
Year ended December 31, 2012 | $ | 334.6 | $ | 43.5 | $ | 41.7 | $ | 419.8 | ||||||
Year ended December 31, 2011 | $ | 316.3 | $ | 50.7 | $ | 49.2 | 416.2 | |||||||
Capital expenditures | ||||||||||||||
Year ended December 31, 2013 | $ | 759.5 | $ | 59 | $ | 5.3 | $ | 823.8 | ||||||
Year ended December 31, 2012 | $ | 431.3 | $ | 64.4 | $ | 27.8 | $ | 523.5 | ||||||
Year ended December 31, 2011 | $ | 177 | $ | 52 | $ | 18.2 | 247.2 | |||||||
Assets | ||||||||||||||
December 31, 2013 | $ | 6,913.80 | $ | 817.6 | $ | 2,946.70 | $ | 10,678.10 | ||||||
December 31, 2012 | $ | 5,991.50 | $ | 795.2 | $ | 3,380.20 | $ | 10,166.90 | ||||||
        Enterprise-wide data by geographic region is as follows: | ||||||||||||||
Year ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
(in millions) | ||||||||||||||
Sales by geographic region (based on destination of shipments) | ||||||||||||||
U.S. | $ | 4,497.80 | $ | 5,260.90 | $ | 5,175.90 | ||||||||
Canada | 508.5 | 446.4 | 492.1 | |||||||||||
Export | 468.4 | 396.7 | 429.9 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 5,474.70 | $ | 6,104.00 | $ | 6,097.90 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
December 31, | ||||||||||||||
2013 | 2012 | |||||||||||||
(in millions) | ||||||||||||||
Property, plant and equipment—net by geographic region | ||||||||||||||
U.S. | $ | 3,528.80 | $ | 3,327.80 | ||||||||||
Canada | 572.9 | 572.7 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Consolidated | $ | 4,101.70 | $ | 3,900.50 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        The principal customers for our nitrogen and phosphate fertilizers are cooperatives and independent fertilizer distributors. None of our customers in 2013 accounted for more than ten percent of our consolidated sales. | ||||||||||||||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions | ' |
Related Party Transactions | ' |
30.   Related Party Transactions | |
KEYTRADE AG | |
        We own 50% of the common shares of Keytrade, a global fertilizer trading company headquartered near Zurich, Switzerland. We utilize Keytrade as our exclusive exporter of phosphate fertilizers from North America. Profits resulting from sales with Keytrade are eliminated until realized by Keytrade. Our sales to Keytrade were $423.5 million, $397.4 million and $396.2 million for 2013, 2012 and 2011, respectively. As of December 31, 2013 and 2012, Keytrade had a $42.2 million and $17.6 million accounts receivable balance, respectively. See Note 16—Equity Method Investments, for additional information on Keytrade. | |
Quarterly_DataUnaudited
Quarterly Data-Unaudited | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Data-Unaudited | ' | ||||||||||||||||
Quarterly Data-Unaudited | ' | ||||||||||||||||
31.   Quarterly Data—Unaudited | |||||||||||||||||
        The following tables present the unaudited quarterly results of operations for the eight quarters ended December 31, 2013. This quarterly information has been prepared on the same basis as the consolidated financial statements and, in the opinion of management, reflects all adjustments necessary for the fair representation of the information for the periods presented. This data should be read in conjunction with the audited financial statements and related disclosures. Operating results for any quarter apply to that quarter only and are not necessarily indicative of results for any future period. | |||||||||||||||||
Three months ended | |||||||||||||||||
March 31 | June 30 | September 30 | December 31 | Full Year | |||||||||||||
(in millions, except per share amounts) | |||||||||||||||||
2013 | |||||||||||||||||
Net sales | $ | 1,336.50 | $ | 1,714.90 | $ | 1,097.00 | $ | 1,326.30 | $ | 5,474.70 | |||||||
Gross margin | 675.1 | 865.2 | 386.1 | 593.8 | 2,520.20 | ||||||||||||
Unrealized gains (losses) on derivatives(1) | 8.8 | (14.4 | ) | 15.7 | 55.8 | 65.9 | |||||||||||
Net earnings attributable to common stockholders | 406.5 | 498.2 | 234.1 | 325.8 | 1,464.60 | ||||||||||||
Net earnings per share attributable to common stockholders | |||||||||||||||||
Basic | 6.53 | 8.43 | 4.09 | 5.73 | 24.87 | ||||||||||||
Diluted | 6.47 | 8.38 | 4.07 | 5.71 | 24.74 | ||||||||||||
2012 | |||||||||||||||||
Net sales | $ | 1,527.60 | $ | 1,735.60 | $ | 1,359.40 | $ | 1,481.40 | -2 | $ | 6,104.00 | ||||||
Gross margin | 711.8 | 1,043.30 | 702 | 656.2 | -2 | 3,113.30 | |||||||||||
Unrealized gains (losses) on derivatives(1) | (55.9 | ) | 77.6 | 39.8 | 13.1 | 74.6 | |||||||||||
Net earnings attributable to common stockholders | 368.4 | 606.3 | 403.3 | 470.7 | 1,848.70 | ||||||||||||
Net earnings per share attributable to common stockholders | |||||||||||||||||
Basic | 5.62 | 9.42 | 6.43 | 7.48 | 28.94 | ||||||||||||
Diluted | 5.54 | 9.31 | 6.35 | 7.4 | 28.59 | ||||||||||||
-1 | |||||||||||||||||
Amounts represent pre-tax unrealized gains (losses) on derivatives included in gross margin. See Note 24—Derivative Financial Instruments, for additional information. | |||||||||||||||||
-2 | |||||||||||||||||
Net sales and gross margin for the fourth quarter of 2012 reflects a $129.7 million reduction relating to a modification to CFL's selling prices, as described in Note 4—Noncontrolling Interest. | |||||||||||||||||
Condensed_Consolidating_Financ
Condensed Consolidating Financial Statements | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Condensed Consolidating Financial Statements | ' | ||||||||||||||||
Condensed Consolidating Financial Statements | ' | ||||||||||||||||
32.   Condensed Consolidating Financial Statements | |||||||||||||||||
        The following condensed consolidating financial information is presented in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered, and relates to the Notes issued by CF Industries, Inc. (CF Industries), a 100% owned subsidiary of CF Industries Holdings, Inc. (Parent), described in Note 21, and the full and unconditional guarantee of such Notes by Parent and to debt securities of CF Industries, and the full and unconditional guarantee thereof by Parent, that may be offered and sold from time to time under the registration statement on Form S-3 filed by Parent and CF Industries with the Securities and Exchange Commission on April 22, 2013. Under the supplemental indentures governing the Notes, the Notes are to be guaranteed by Parent and each of its current and future subsidiaries, other than CF Industries, that from time to time is a borrower or guarantor under the Credit Agreement, or any renewal, replacement or refinancing thereof. At December 31, 2013, none of such subsidiaries of Parent was, or was required to be, a guarantor of the Notes. In the event that a subsidiary of Parent, other than CF Industries, becomes a borrower or a guarantor under the Credit Agreement, it would be required to become a guarantor of the Notes. For purposes of the presentation of condensed consolidating financial information, the subsidiaries of Parent other than CF Industries are referred to as the Other Subsidiaries. | |||||||||||||||||
        Presented below are condensed consolidating statements of operations and statements of cash flows for Parent, CF Industries and the Other Subsidiaries for the years ended December 31, 2013, 2012, and 2011 and condensed consolidating balance sheets for Parent, CF Industries and the Other Subsidiaries at December 31, 2013 and 2012. The condensed consolidating financial information presented below is not necessarily indicative of the financial position, results of operations, comprehensive income or cash flows of Parent, CF Industries or the Other Subsidiaries on a stand-alone basis. | |||||||||||||||||
        In this condensed consolidating financial information, investments in subsidiaries are presented under the equity method, in which our investments are recorded at cost and adjusted for our ownership share of a subsidiary's cumulative results of operations, distributions and other equity changes, and the eliminating entries reflect primarily intercompany transactions such as sales, accounts receivable and accounts payable and the elimination of equity investments and earnings of subsidiaries. | |||||||||||||||||
Condensed, Consolidating Statement of Operations | |||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||
Parent | CF Industries | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net sales | $ | — | $ | 1,105.80 | $ | 5,767.50 | $ | (1,398.6 | ) | $ | 5,474.70 | ||||||
Cost of sales | — | 886 | 3,463.00 | (1,394.5 | ) | 2,954.50 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gross margin | — | 219.8 | 2,304.50 | (4.1 | ) | 2,520.20 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Selling, general and administrative expenses | 2.7 | 11.8 | 151.5 | — | 166 | ||||||||||||
Other operating—net | — | 7.6 | (23.4 | ) | — | (15.8 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total other operating costs and expenses | 2.7 | 19.4 | 128.1 | — | 150.2 | ||||||||||||
Equity in earnings of operating affiliates | — | — | 41.7 | — | 41.7 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Operating earnings (loss) | (2.7 | ) | 200.4 | 2,218.10 | (4.1 | ) | 2,411.70 | ||||||||||
Interest expense | — | 155.1 | (1.8 | ) | (1.1 | ) | 152.2 | ||||||||||
Interest income | — | (0.9 | ) | (4.9 | ) | 1.1 | (4.7 | ) | |||||||||
Net (earnings) of wholly-owned subsidiaries | (1,466.4 | ) | (1,423.0 | ) | — | 2,889.40 | — | ||||||||||
Other non-operating—net | — | (0.4 | ) | 54.9 | — | 54.5 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Earnings before income taxes and equity in losses of non-operating affiliates | 1,463.70 | 1,469.60 | 2,169.90 | (2,893.5 | ) | 2,209.70 | |||||||||||
Income tax provision (benefit) | (0.9 | ) | 3 | 684.4 | — | 686.5 | |||||||||||
Equity in losses of non-operating affiliates—net of taxes | — | (0.2 | ) | 9.8 | — | 9.6 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings | 1,464.60 | 1,466.40 | 1,495.30 | (2,893.5 | ) | 1,532.80 | |||||||||||
Less: Net earnings attributable to noncontrolling interest | — | — | 72.3 | (4.1 | ) | 68.2 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings attributable to common stockholders | $ | 1,464.60 | $ | 1,466.40 | $ | 1,423.00 | $ | (2,889.4 | ) | $ | 1,464.60 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Comprehensive Income | |||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||
Parent | CF Industries | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net earnings | $ | 1,464.60 | $ | 1,466.40 | $ | 1,495.30 | $ | (2,893.5 | ) | $ | 1,532.80 | ||||||
Other comprehensive income (loss) | 7 | 7 | (40.1 | ) | 32.4 | 6.3 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income | 1,471.60 | 1,473.40 | 1,455.20 | (2,861.1 | ) | 1,539.10 | |||||||||||
Less: Comprehensive income attributable to noncontrolling interest | — | — | 72.3 | (4.8 | ) | 67.5 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income attributable to common stockholders | $ | 1,471.60 | $ | 1,473.40 | $ | 1,382.90 | $ | (2,856.3 | ) | $ | 1,471.60 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Operations | |||||||||||||||||
Year ended December 31, 2012 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net sales | $ | — | $ | 3,747.90 | $ | 2,514.50 | $ | (158.4 | ) | $ | 6,104.00 | ||||||
Cost of sales | — | 1,854.60 | 1,287.20 | (151.1 | ) | 2,990.70 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gross margin | — | 1,893.30 | 1,227.30 | (7.3 | ) | 3,113.30 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Selling, general and administrative expenses | 2.5 | 128 | 21.3 | — | 151.8 | ||||||||||||
Other operating—net | — | 24 | 25.1 | — | 49.1 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total other operating costs and expenses | 2.5 | 152 | 46.4 | — | 200.9 | ||||||||||||
Equity in earnings of operating affiliates | — | 4.9 | 42.1 | — | 47 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Operating earnings (loss) | (2.5 | ) | 1,746.20 | 1,223.00 | (7.3 | ) | 2,959.40 | ||||||||||
Interest expense | — | 126.8 | 10.1 | (1.6 | ) | 135.3 | |||||||||||
Interest income | — | (1.4 | ) | (4.5 | ) | 1.6 | (4.3 | ) | |||||||||
Net (earnings) of wholly-owned subsidiaries | (1,851.2 | ) | (792.8 | ) | — | 2,644.00 | — | ||||||||||
Other non-operating—net | — | — | (1.1 | ) | — | (1.1 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Earnings before income taxes and equity in earnings of non-operating affiliates | 1,848.70 | 2,413.60 | 1,218.50 | (2,651.3 | ) | 2,829.50 | |||||||||||
Income tax provision | — | 562.2 | 402 | — | 964.2 | ||||||||||||
Equity in earnings (loss) of non-operating affiliates—net of taxes | — | (0.2 | ) | 58.3 | — | 58.1 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings | 1,848.70 | 1,851.20 | 874.8 | (2,651.3 | ) | 1,923.40 | |||||||||||
Less: Net earnings attributable to noncontrolling interest | — | — | 82 | (7.3 | ) | 74.7 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings attributable to common stockholders | $ | 1,848.70 | $ | 1,851.20 | $ | 792.8 | $ | (2,644.0 | ) | $ | 1,848.70 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Comprehensive Income | |||||||||||||||||
Year ended December 31, 2012 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net earnings | $ | 1,848.70 | $ | 1,851.20 | $ | 874.8 | $ | (2,651.3 | ) | $ | 1,923.40 | ||||||
Other comprehensive income | 49.6 | 49.6 | 23.6 | (72.4 | ) | 50.4 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income | 1,898.30 | 1,900.80 | 898.4 | (2,723.7 | ) | 1,973.80 | |||||||||||
Less: Comprehensive income attributable to noncontrolling interest | — | — | 82 | (6.6 | ) | 75.4 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income attributable to common stockholders | $ | 1,898.30 | $ | 1,900.80 | $ | 816.4 | $ | (2,717.1 | ) | $ | 1,898.40 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Operations | |||||||||||||||||
Year ended December 31, 2011 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net sales | $ | — | $ | 3,585.30 | $ | 3,013.80 | $ | (501.2 | ) | $ | 6,097.90 | ||||||
Cost of sales | — | 1,932.10 | 1,470.10 | (199.9 | ) | 3,202.30 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gross margin | — | 1,653.20 | 1,543.70 | (301.3 | ) | 2,895.60 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Selling, general and administrative expenses | 3.6 | 99.5 | 26.9 | — | 130 | ||||||||||||
Restructuring and integration costs | — | 2 | 2.4 | — | 4.4 | ||||||||||||
Other operating—net | — | (18.9 | ) | 39.8 | — | 20.9 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total other operating costs and expenses | 3.6 | 82.6 | 69.1 | — | 155.3 | ||||||||||||
Equity in earnings of operating affiliates | — | (1.2 | ) | 51.4 | — | 50.2 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Operating earnings (loss) | (3.6 | ) | 1,569.40 | 1,526.00 | (301.3 | ) | 2,790.50 | ||||||||||
Interest expense | — | 137.1 | 10.4 | (0.3 | ) | 147.2 | |||||||||||
Interest income | — | (0.7 | ) | (1.3 | ) | 0.3 | (1.7 | ) | |||||||||
Net (earnings) of wholly-owned subsidiaries | (1,541.5 | ) | (618.8 | ) | — | 2,160.30 | — | ||||||||||
Other non-operating—net | — | (0.1 | ) | (0.5 | ) | — | (0.6 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Earnings before income taxes and equity in earnings of non-operating affiliates | 1,537.90 | 2,051.90 | 1,517.40 | (2,461.6 | ) | 2,645.60 | |||||||||||
Income tax (benefit) provision | (1.3 | ) | 505.6 | 422.2 | — | 926.5 | |||||||||||
Equity in earnings (loss) of non-operating affiliates—net of taxes | — | (4.8 | ) | 46.7 | — | 41.9 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings | 1,539.20 | 1,541.50 | 1,141.90 | (2,461.6 | ) | 1,761.00 | |||||||||||
Less: Net earnings attributable to noncontrolling interest | — | — | 523.1 | (301.3 | ) | 221.8 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings attributable to common stockholders | $ | 1,539.20 | $ | 1,541.50 | $ | 618.8 | $ | (2,160.3 | ) | $ | 1,539.20 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Comprehensive Income | |||||||||||||||||
Year ended December 31, 2011 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net earnings | $ | 1,539.20 | $ | 1,541.50 | $ | 1,141.90 | $ | (2,461.6 | ) | $ | 1,761.00 | ||||||
Other comprehensive income (loss) | (45.9 | ) | (45.9 | ) | (37.4 | ) | 82.6 | (46.6 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income | 1,493.30 | 1,495.60 | 1,104.50 | (2,379.0 | ) | 1,714.40 | |||||||||||
Less: Comprehensive income attributable to noncontrolling interest | — | — | 523.1 | (301.9 | ) | 221.2 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income attributable to common stockholders | $ | 1,493.30 | $ | 1,495.60 | $ | 581.4 | $ | (2,077.1 | ) | $ | 1,493.20 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Balance Sheet | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Parent | CF Industries | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | and | ||||||||||||||||
Reclassifications | |||||||||||||||||
(in millions) | |||||||||||||||||
Assets | |||||||||||||||||
Current assets: | |||||||||||||||||
Cash and cash equivalents | $ | 0.1 | $ | 20.4 | $ | 1,690.30 | $ | — | $ | 1,710.80 | |||||||
Restricted cash | — | — | 154 | — | 154 | ||||||||||||
Accounts and notes receivable-net | — | 287.1 | 1,172.20 | (1,228.4 | ) | 230.9 | |||||||||||
Inventories—net | — | 3.3 | 271 | — | 274.3 | ||||||||||||
Prepaid income taxes | 0.9 | — | 33.4 | (0.9 | ) | 33.4 | |||||||||||
Deferred income taxes | — | — | 60 | — | 60 | ||||||||||||
Assets held for sale | — | 68.1 | 6.2 | — | 74.3 | ||||||||||||
Other | — | — | 92.4 | — | 92.4 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total current assets | 1 | 378.9 | 3,479.50 | (1,229.3 | ) | 2,630.10 | |||||||||||
Property, plant and equipment—net | — | — | 4,101.70 | — | 4,101.70 | ||||||||||||
Deferred income taxes | — | 149.7 | — | (149.7 | ) | — | |||||||||||
Investments in and advances to affiliates | 5,193.40 | 8,161.10 | 925.8 | (13,354.3 | ) | 926 | |||||||||||
Due from affiliates | 570.7 | — | 1.7 | (572.4 | ) | — | |||||||||||
Goodwill | — | — | 2,095.80 | — | 2,095.80 | ||||||||||||
Noncurrent assets held for sale | — | 679 | — | — | 679 | ||||||||||||
Other assets | — | 60.7 | 184.8 | — | 245.5 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets | $ | 5,765.10 | $ | 9,429.40 | $ | 10,789.30 | $ | (15,305.7 | ) | $ | 10,678.10 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Liabilities and Equity | |||||||||||||||||
Current liabilities: | |||||||||||||||||
Accounts and notes payable and | |||||||||||||||||
accrued expenses | $ | 40.6 | $ | 354.2 | $ | 715.9 | $ | (546.6 | ) | $ | 564.1 | ||||||
Income taxes payable | — | 29.1 | 45.1 | (0.9 | ) | 73.3 | |||||||||||
Customer advances | — | — | 120.6 | — | 120.6 | ||||||||||||
Liabilities held for sale | — | 26.8 | — | — | 26.8 | ||||||||||||
Other | 648.4 | 0.9 | 84.9 | (690.7 | ) | 43.5 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total current liabilities | 689 | 411 | 966.5 | (1,238.2 | ) | 828.3 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Long-term debt | — | 3,098.10 | — | — | 3,098.10 | ||||||||||||
Deferred income taxes | — | — | 982.9 | (149.7 | ) | 833.2 | |||||||||||
Due to affiliates | — | 572.4 | — | (572.4 | ) | — | |||||||||||
Noncurrent liabilities held for sale | — | 154.5 | — | — | 154.5 | ||||||||||||
Other noncurrent liabilities | — | — | 325.6 | — | 325.6 | ||||||||||||
Equity: | |||||||||||||||||
Stockholders' equity: | |||||||||||||||||
Preferred stock | — | — | 16.4 | (16.4 | ) | — | |||||||||||
Common stock | 0.6 | — | 1.1 | (1.1 | ) | 0.6 | |||||||||||
Paid-in capital | 1,594.30 | (12.6 | ) | 7,823.00 | (7,810.4 | ) | 1,594.30 | ||||||||||
Retained earnings | 3,725.60 | 5,248.60 | 354.5 | (5,603.1 | ) | 3,725.60 | |||||||||||
Treasury stock | (201.8 | ) | — | — | — | (201.8 | ) | ||||||||||
Accumulated other comprehensive | |||||||||||||||||
income (loss) | (42.6 | ) | (42.6 | ) | (43.0 | ) | 85.6 | (42.6 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total stockholders' equity | 5,076.10 | 5,193.40 | 8,152.00 | (13,345.4 | ) | 5,076.10 | |||||||||||
Noncontrolling interest | — | — | 362.3 | — | 362.3 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total equity | 5,076.10 | 5,193.40 | 8,514.30 | (13,345.4 | ) | 5,438.40 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities and equity | $ | 5,765.10 | $ | 9,429.40 | $ | 10,789.30 | $ | (15,305.7 | ) | $ | 10,678.10 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Balance Sheet | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | and | ||||||||||||||||
Reclassifications | |||||||||||||||||
(in millions) | |||||||||||||||||
Assets | |||||||||||||||||
Current assets: | |||||||||||||||||
Cash and cash equivalents | $ | — | $ | 440.8 | $ | 1,834.10 | $ | — | $ | 2,274.90 | |||||||
Accounts and notes receivable—net | — | 145.1 | 1,007.90 | (935.6 | ) | 217.4 | |||||||||||
Income taxes receivable | — | 642.1 | — | (642.1 | ) | — | |||||||||||
Inventories—net | — | 193.1 | 84.8 | — | 277.9 | ||||||||||||
Deferred income taxes | — | 9.5 | — | — | 9.5 | ||||||||||||
Other | — | 15.4 | 12.5 | — | 27.9 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total current assets | — | 1,446.00 | 2,939.30 | (1,577.7 | ) | 2,807.60 | |||||||||||
Property, plant and equipment—net | — | 1,008.10 | 2,892.40 | — | 3,900.50 | ||||||||||||
Deferred income taxes | — | 50.7 | — | (50.7 | ) | — | |||||||||||
Asset retirement obligation funds | — | 200.8 | — | — | 200.8 | ||||||||||||
Investments in and advances to affiliates | 5,331.50 | 6,291.40 | 935.2 | (11,622.5 | ) | 935.6 | |||||||||||
Due from affiliates | 570.7 | — | 1.8 | (572.5 | ) | — | |||||||||||
Goodwill | — | 0.9 | 2,063.60 | — | 2,064.50 | ||||||||||||
Other assets | — | 136.5 | 121.4 | — | 257.9 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets | $ | 5,902.20 | $ | 9,134.40 | $ | 8,953.70 | $ | (13,823.4 | ) | $ | 10,166.90 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Liabilities and Equity | |||||||||||||||||
Current liabilities: | |||||||||||||||||
Accounts payable and accrued expenses | $ | — | $ | 222.6 | $ | 159.3 | $ | (15.4 | ) | $ | 366.5 | ||||||
Income taxes payable | — | — | 829.2 | (642.1 | ) | 187.1 | |||||||||||
Customer advances | — | 247.9 | 132.8 | — | 380.7 | ||||||||||||
Notes payable | — | 900 | 14.6 | (909.6 | ) | 5 | |||||||||||
Distributions payable to noncontrolling interest | — | — | 15.7 | (10.4 | ) | 5.3 | |||||||||||
Other | — | 4.5 | 1.1 | — | 5.6 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total current liabilities | — | 1,375.00 | 1,152.70 | (1,577.5 | ) | 950.2 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Long-term debt | — | 1,600.00 | — | — | 1,600.00 | ||||||||||||
Deferred income taxes | — | — | 989.5 | (50.7 | ) | 938.8 | |||||||||||
Due to affiliates | — | 572.5 | — | (572.5 | ) | — | |||||||||||
Other noncurrent liabilities | — | 255.4 | 140.3 | — | 395.7 | ||||||||||||
Equity: | |||||||||||||||||
Stockholders' equity: | |||||||||||||||||
Preferred stock | — | — | 65.3 | (65.3 | ) | — | |||||||||||
Common stock | 0.6 | — | 154.3 | (154.3 | ) | 0.6 | |||||||||||
Paid-in capital | 2,492.30 | 739.8 | 4,493.60 | (5,233.3 | ) | 2,492.40 | |||||||||||
Retained earnings | 3,461.20 | 4,641.30 | 1,598.30 | (6,239.7 | ) | 3,461.10 | |||||||||||
Treasury stock | (2.3 | ) | — | — | — | (2.3 | ) | ||||||||||
Accumulated other comprehensive income (loss) | (49.6 | ) | (49.6 | ) | (2.9 | ) | 52.5 | (49.6 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total stockholders' equity | 5,902.20 | 5,331.50 | 6,308.60 | (11,640.1 | ) | 5,902.20 | |||||||||||
Noncontrolling interest | — | — | 362.6 | 17.4 | 380 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total equity | 5,902.20 | 5,331.50 | 6,671.20 | (11,622.7 | ) | 6,282.20 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities and equity | $ | 5,902.20 | $ | 9,134.40 | $ | 8,953.70 | $ | (13,823.4 | ) | $ | 10,166.90 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Cash Flows | |||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||
Parent | CF Industries | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Operating Activities: | |||||||||||||||||
Net earnings | $ | 1,464.60 | $ | 1,466.40 | $ | 1,495.30 | $ | (2,893.5 | ) | $ | 1,532.80 | ||||||
Adjustments to reconcile net earnings to net cash | |||||||||||||||||
provided by (used in) operating activities | |||||||||||||||||
Depreciation, depletion and amortization | — | 47.8 | 362.8 | — | 410.6 | ||||||||||||
Deferred income taxes | — | (21.3 | ) | (13.0 | ) | — | (34.3 | ) | |||||||||
Stock compensation expense | 12.6 | — | — | — | 12.6 | ||||||||||||
Excess tax benefit from stock-based compensation | (13.5 | ) | — | — | — | (13.5 | ) | ||||||||||
Unrealized loss (gain) on derivatives | — | — | (59.3 | ) | — | (59.3 | ) | ||||||||||
Loss (gain) on disposal of property, plant and equipment | — | — | 5.6 | — | 5.6 | ||||||||||||
Undistributed loss (earnings) of affiliates—net | (1,466.4 | ) | (1,427.0 | ) | (11.4 | ) | 2,893.50 | (11.3 | ) | ||||||||
Due to / from affiliates—net | 13.5 | — | (13.5 | ) | — | — | |||||||||||
Changes in: | |||||||||||||||||
Accounts and notes receivable—net | — | (220.8 | ) | (293.4 | ) | 514.6 | 0.4 | ||||||||||
Inventories—net | — | (11.8 | ) | (68.5 | ) | — | (80.3 | ) | |||||||||
Accrued income taxes | (0.9 | ) | 23.6 | (176.1 | ) | — | (153.4 | ) | |||||||||
Accounts and notes payable and accrued expenses | (2.8 | ) | 305.4 | 261.5 | (514.6 | ) | 49.5 | ||||||||||
Customer advances | — | — | (260.1 | ) | — | (260.1 | ) | ||||||||||
Margin deposits | — | — | — | — | — | ||||||||||||
Other—net | — | 3.9 | 63.6 | — | 67.5 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) operating activities | 7.1 | 166.2 | 1,293.50 | — | 1,466.80 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Investing Activities: | |||||||||||||||||
Additions to property, plant and equipment | — | (58.9 | ) | (764.9 | ) | — | (823.8 | ) | |||||||||
Proceeds from sale of property, plant and equipment | — | — | 12.6 | — | 12.6 | ||||||||||||
Sales and maturities of short-term and auction rate securities | — | 13.5 | — | — | 13.5 | ||||||||||||
Canadian terminal acquisition | — | — | (72.5 | ) | — | (72.5 | ) | ||||||||||
Deposits to restricted cash funds | — | — | (154.0 | ) | — | (154.0 | ) | ||||||||||
Deposits to asset retirement obligation funds | — | (2.9 | ) | — | — | (2.9 | ) | ||||||||||
Other—net | — | — | 7.8 | — | 7.8 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) investing activities | — | (48.3 | ) | (971.0 | ) | — | (1,019.3 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Financing Activities: | |||||||||||||||||
Proceeds from long-term borrowings | — | 1,498.00 | — | — | 1,498.00 | ||||||||||||
Financing fees | — | (14.5 | ) | — | — | (14.5 | ) | ||||||||||
Purchase of treasury stock | (1,409.1 | ) | — | — | — | (1,409.1 | ) | ||||||||||
Acquisitions of noncontrolling interests in CFL | — | (364.9 | ) | (553.8 | ) | — | (918.7 | ) | |||||||||
Dividends paid on common stock | (129.1 | ) | (859.0 | ) | (129.0 | ) | 988 | (129.1 | ) | ||||||||
Distributions to/from noncontrolling interest | — | 14.3 | (88.0 | ) | — | (73.7 | ) | ||||||||||
Issuances of common stock under employee stock plans | 10.3 | — | — | — | 10.3 | ||||||||||||
Excess tax benefit from stock-based compensation | 13.5 | — | — | — | 13.5 | ||||||||||||
Dividends to / from affiliates | 859 | 129 | — | (988.0 | ) | — | |||||||||||
Other—net | 648.4 | (941.2 | ) | 335.8 | — | 43 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) financing activities | (7.0 | ) | (538.3 | ) | (435.0 | ) | — | (980.3 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Effect of exchange rate changes on cash and cash equivalents | — | — | (31.3 | ) | — | (31.3 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Increase (decrease) in cash and cash equivalents | 0.1 | (420.4 | ) | (143.8 | ) | — | (564.1 | ) | |||||||||
Cash and cash equivalents at beginning of period | — | 440.8 | 1,834.10 | — | 2,274.90 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash and cash equivalents at end of period | $ | 0.1 | $ | 20.4 | $ | 1,690.30 | $ | — | $ | 1,710.80 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Cash Flows | |||||||||||||||||
Year ended December 31, 2012 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Operating Activities: | |||||||||||||||||
Net earnings | $ | 1,848.70 | $ | 1,851.20 | $ | 874.8 | $ | (2,651.3 | ) | $ | 1,923.40 | ||||||
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities | |||||||||||||||||
Depreciation, depletion and amortization | — | 120.9 | 298.9 | — | 419.8 | ||||||||||||
Deferred income taxes | — | (130.8 | ) | (7.6 | ) | — | (138.4 | ) | |||||||||
Stock compensation expense | 11.2 | — | 0.7 | — | 11.9 | ||||||||||||
Excess tax benefit from stock-based compensation | (36.1 | ) | — | — | — | (36.1 | ) | ||||||||||
Unrealized loss (gain) on derivatives | — | (68.0 | ) | (10.8 | ) | — | (78.8 | ) | |||||||||
Loss (gain) on disposal of property, plant and equipment and non-core assets | — | 2.4 | 3.1 | — | 5.5 | ||||||||||||
— | |||||||||||||||||
Undistributed loss (earnings) of affiliates—net | (1,851.2 | ) | (805.9 | ) | (9.1 | ) | 2,651.30 | (14.9 | ) | ||||||||
Due to / from affiliates—net | 476.7 | (476.4 | ) | (0.3 | ) | — | — | ||||||||||
Changes in: | |||||||||||||||||
Accounts and notes receivable—net | — | (344.6 | ) | (198.9 | ) | 596.7 | 53.2 | ||||||||||
Margin deposits | — | 0.8 | — | — | 0.8 | ||||||||||||
Inventories—net | — | 24.3 | 10.5 | — | 34.8 | ||||||||||||
Accrued income taxes | — | (315.4 | ) | 374.1 | — | 58.7 | |||||||||||
Accounts and notes payable and accrued expenses | — | 597.9 | 24.3 | (596.7 | ) | 25.5 | |||||||||||
Customer advances | — | 63.5 | 59.8 | — | 123.3 | ||||||||||||
Other—net | — | (28.8 | ) | 15.7 | — | (13.1 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) operating activities | 449.3 | 491.1 | 1,435.20 | — | 2,375.60 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Investing Activities: | |||||||||||||||||
Additions to property, plant and equipment | — | (339.9 | ) | (183.6 | ) | — | (523.5 | ) | |||||||||
Proceeds from sale of property, plant and equipment and non-core assets | — | 12.3 | 4.7 | — | 17 | ||||||||||||
Sales and maturities of short-term and auction rate securities | — | 48.4 | — | — | 48.4 | ||||||||||||
Deposits to asset retirement funds | — | (55.4 | ) | — | — | (55.4 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) investing activities | — | (334.6 | ) | (178.9 | ) | — | (513.5 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Financing Activities: | |||||||||||||||||
Payments of long-term debt | — | — | (13.0 | ) | — | (13.0 | ) | ||||||||||
Advances from unconsolidated affiliates | — | — | 40.5 | — | 40.5 | ||||||||||||
Repayments of advances from unconsolidated affiliates            | — | — | (40.5 | ) | — | (40.5 | ) | ||||||||||
Dividends paid on common stock | (102.7 | ) | — | — | — | (102.7 | ) | ||||||||||
Dividends to / from affiliates | 102.7 | (102.7 | ) | — | — | — | |||||||||||
Distributions to/from noncontrolling interest | — | 300.5 | (532.3 | ) | — | (231.8 | ) | ||||||||||
Purchase of treasury stock | (500.0 | ) | — | — | — | (500.0 | ) | ||||||||||
Issuances of common stock under employee stock plans | 14.6 | — | — | — | 14.6 | ||||||||||||
Excess tax benefit from stock-based compensation | 36.1 | — | — | — | 36.1 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) financing activities | (449.3 | ) | 197.8 | (545.3 | ) | — | (796.8 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Effect of exchange rate changes on cash and cash equivalents | — | (12.2 | ) | 14.8 | — | 2.6 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Increase in cash and cash equivalents | — | 342.1 | 725.8 | — | 1,067.90 | ||||||||||||
Cash and cash equivalents at beginning of period | — | 98.7 | 1,108.30 | — | 1,207.00 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash and cash equivalents at end of period | $ | — | $ | 440.8 | $ | 1,834.10 | $ | — | $ | 2,274.90 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Cash Flows | |||||||||||||||||
Year ended December 31, 2011 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Operating Activities: | |||||||||||||||||
Net earnings | $ | 1,539.20 | $ | 1,541.50 | $ | 1,141.90 | $ | (2,461.6 | ) | $ | 1,761.00 | ||||||
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities | |||||||||||||||||
Depreciation, depletion and amortization | — | 133.9 | 282.3 | — | 416.2 | ||||||||||||
Deferred income taxes | 2.2 | (65.6 | ) | 30.5 | — | (32.9 | ) | ||||||||||
Stock compensation expense | 9.8 | — | 0.8 | — | 10.6 | ||||||||||||
Excess tax benefit from stock-based compensation | (47.2 | ) | — | — | — | (47.2 | ) | ||||||||||
Unrealized loss (gain) on derivatives | — | 66.5 | 10.8 | — | 77.3 | ||||||||||||
Loss (gain) on disposal of property, plant and equipment and non-core assets | — | (31.9 | ) | 40.7 | — | 8.8 | |||||||||||
Undistributed loss (earnings) of affiliates—net | (1,541.5 | ) | (915.0 | ) | (18.6 | ) | 2,461.60 | (13.5 | ) | ||||||||
Due to / from affiliates—net | 975.3 | (975.5 | ) | 0.2 | — | — | |||||||||||
Changes in: | |||||||||||||||||
Accounts and notes receivable—net | — | 601.4 | (489.4 | ) | (147.5 | ) | (35.5 | ) | |||||||||
Margin deposits | — | 2.6 | (1.2 | ) | — | 1.4 | |||||||||||
Inventories—net | — | (36.0 | ) | (2.5 | ) | — | (38.5 | ) | |||||||||
Accrued income taxes | — | (237.9 | ) | 339.5 | — | 101.6 | |||||||||||
Accounts and notes payable and accrued expenses | — | 337.5 | (479.8 | ) | 147.5 | 5.2 | |||||||||||
Customer advances | — | (101.1 | ) | (73.2 | ) | — | (174.3 | ) | |||||||||
Other—net | (0.3 | ) | 5.6 | 33.4 | — | 38.7 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) operating activities | 937.5 | 326 | 815.4 | — | 2,078.90 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Investing Activities: | |||||||||||||||||
Additions to property, plant and equipment | — | (139.9 | ) | (107.3 | ) | — | (247.2 | ) | |||||||||
Proceeds from sale of property, plant and equipment and non-core assets | — | 51.9 | 2.8 | — | 54.7 | ||||||||||||
Sales and maturities of short-term and auction rate securities | — | 34.8 | 3.1 | — | 37.9 | ||||||||||||
Deposits to asset retirement obligation funds | — | (50.4 | ) | — | — | (50.4 | ) | ||||||||||
Other—net | — | — | 31.2 | — | 31.2 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) investing activities | — | (103.6 | ) | (70.2 | ) | — | (173.8 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Financing Activities: | |||||||||||||||||
Payments on long-term debt | — | (346.0 | ) | — | — | (346.0 | ) | ||||||||||
Financing fees | — | (1.5 | ) | — | — | (1.5 | ) | ||||||||||
Purchase of treasury stock | (1,000.2 | ) | — | — | — | (1,000.2 | ) | ||||||||||
Dividends paid on common stock | (68.7 | ) | — | — | — | (68.7 | ) | ||||||||||
Dividends to / from affiliates | 68.7 | (68.7 | ) | — | — | — | |||||||||||
Distributions to / from noncontrolling interest | — | 153 | (298.7 | ) | — | (145.7 | ) | ||||||||||
Issuances of common stock under employee stock plans | 15.5 | — | — | — | 15.5 | ||||||||||||
Excess tax benefit from stock-based compensation | 47.2 | — | — | — | 47.2 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) financing activities | (937.5 | ) | (263.2 | ) | (298.7 | ) | — | (1,499.4 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Effect of exchange rate changes on cash and cash equivalents | — | 3.3 | 0.3 | — | 3.6 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Increase (decrease) in cash and cash equivalents | — | (37.5 | ) | 446.8 | — | 409.3 | |||||||||||
Cash and cash equivalents at beginning of period | — | 136.2 | 661.5 | — | 797.7 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash and cash equivalents at end of period | $ | — | $ | 98.7 | $ | 1,108.30 | $ | — | $ | 1,207.00 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events | ' |
Subsequent Events | ' |
33. Subsequent Event | |
        In 2014, we repurchased 1.2 million of the Company's common shares for $294.9 million as part of the $3.0 billion share repurchase program announced in the third quarter of 2012 (see Note 25—Stockholders' Equity). Together with the 7.3 million shares repurchased during 2013, these repurchases bring the total repurchased shares to date under this program to 8.5 million for an aggregate expenditure of $1.7 billion. | |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Summary of Significant Accounting Policies | ' | ||||
Consolidation and Noncontrolling Interest | ' | ||||
Consolidation and Noncontrolling Interest | |||||
        The consolidated financial statements of CF Holdings include the accounts of CF and all majority-owned subsidiaries. All significant intercompany transactions and balances have been eliminated. | |||||
        TNCLP is a master limited partnership that is consolidated in the financial statements of CF Holdings. TNCLP owns the nitrogen manufacturing facility in Verdigris, Oklahoma. We own an aggregate 75.3% of TNCLP and outside investors own the remaining 24.7%. Partnership interests in TNCLP are traded on the NYSE. As a result, TNCLP files separate financial reports with the Securities Exchange Commission (SEC). The outside investors' limited partnership interests in the partnership are included in noncontrolling interest in the consolidated financial statements. This noncontrolling interest represents the noncontrolling unitholders' interest in the partners' capital of TNCLP. | |||||
Revenue Recognition | ' | ||||
Revenue Recognition | |||||
        The basic criteria necessary for revenue recognition are: (1) evidence that a sales arrangement exists, (2) delivery of goods has occurred, (3) the seller's price to the buyer is fixed or determinable, and (4) collectability is reasonably assured. We recognize revenue when these criteria have been met and when title and risk of loss transfers to the customer, which can be at the plant gate, a distribution facility, a supplier location or a customer destination. Revenue from forward sales programs is recognized on the same basis as other sales (when title transfers to the customer) regardless of when the customer advances are received. | |||||
        We offer certain incentives that typically involve rebates if a customer reaches a specified level of purchases. Incentives are accrued monthly and reported as a reduction in net sales. This process is intended to report sales at the ultimate net realized price and requires the use of estimates. | |||||
        Shipping and handling fees billed to customers are reported in revenue. Shipping and handling costs incurred by us are included in cost of sales. | |||||
Cash and Cash Equivalents | ' | ||||
Cash and Cash Equivalents | |||||
        Cash and cash equivalents include highly liquid investments that are readily convertible to known amounts of cash with original maturities of three months or less. The carrying value of cash and cash equivalents approximates fair value. | |||||
Investments | ' | ||||
Investments | |||||
        Short-term investments and noncurrent investments are accounted for primarily as available-for-sale securities reported at fair value with changes in fair value reported in other comprehensive income unless fair value is below amortized cost (i.e., the investment is impaired) and the impairment is deemed other-than-temporary, in which case, some or all of the decline in value would be charged to earnings. The carrying values of short-term investments approximate fair values because of the short maturities and the highly liquid nature of these investments. | |||||
        We also maintain a trust fund and an escrow account that we utilize as a means of complying with regulations and consent decrees pertaining to financial assurance requirements for certain asset retirement obligations (AROs) in Florida. These ARO funds are carried at fair value as noncurrent assets on the consolidated balance sheet. Contributions to the ARO funds are reported in the consolidated statements of cash flow as investing activities. | |||||
Restricted Cash | ' | ||||
Restricted Cash | |||||
        In connection with the Company's capacity expansion projects, we are required to grant a contractor a security interest in a restricted cash account. We maintain a cash balance in that account equal to the cancelation fees for procurement services and equipment that would arise if the projects were cancelled. This restricted cash is not included in our cash and cash equivalents and is reported separately on the consolidated balance sheet. Contributions to the restricted cash account are reported on the consolidated statements of cash flows as investing activities. | |||||
Accounts Receivable and Allowance for Doubtful Accounts | ' | ||||
Accounts Receivable and Allowance for Doubtful Accounts | |||||
        Accounts receivable are recorded at face amounts less an allowance for doubtful accounts. The allowance is an estimate based on historical collection experience, current economic and market conditions, and a review of the current status of each customer's trade accounts receivable. A receivable is past due if payments have not been received within the agreed-upon invoice terms. Account balances are charged-off against the allowance when management determines that it is probable that the receivable will not be recovered. | |||||
        Accounts receivable includes trade receivables and non-trade receivables such as miscellaneous non-product related billings. | |||||
Inventories | ' | ||||
Inventories | |||||
        Fertilizer inventories are reported at the lower of cost or net realizable value with cost determined on a first-in, first-out or average cost basis. Inventory includes the cost of materials, production labor and production overhead. Inventory at warehouses and terminals also includes distribution costs. Net realizable value is reviewed at least quarterly. Fixed production costs related to idle capacity are not included in the cost of inventory but are charged directly to cost of sales. | |||||
Investments in and Advances to Unconsolidated Affiliates | ' | ||||
Investments in and Advances to Unconsolidated Affiliates | |||||
        The equity method of accounting is used for investments in affiliates that we do not consolidate, but over which we have the ability to exercise significant influence. Profits resulting from sales or purchases with equity method investees are eliminated until realized by the investee or investor, respectively. Losses in the value of an investment in an unconsolidated affiliate, which are other than temporary, are recognized when the current fair value of the investment is less than its carrying value. Investments in and advances to unconsolidated affiliates is included in the Other segment in our segment disclosures. | |||||
        Our equity method investments for which the results are included in operating earnings consist of: (1) 50% ownership interest in PLNL, which operates an ammonia production facility in the Republic of Trinidad and Tobago and (2) 50% interest in an ammonia storage joint venture located in Houston, Texas. Our share of the net earnings from these investments is reported as an element of earnings from operations because these operations provide additional production and storage capacity to our operations and are integrated with our supply chain and sales activities in the nitrogen segment. | |||||
        Our non-operating equity method investments consist of: (1) 50% ownership in Keytrade, a fertilizer trading company headquartered near Zurich, Switzerland and (2) a 50% ownership in GrowHow, which operates nitrogen production facilities in the United Kingdom. Our share of the net earnings of these investments is not reported in earnings from operations since these operations do not provide us with additional capacity, nor are these operations integrated within our supply chain. Advances to unconsolidated affiliates are loans made to Keytrade and are classified as held-to-maturity debt securities and are reported at amortized cost. | |||||
Property, Plant and Equipment | ' | ||||
Property, Plant and Equipment | |||||
        Property, plant and equipment are stated at cost. Depreciation, depletion and amortization are computed using the units-of-production method or the straight-line method. Depreciable lives are as follows: | |||||
Years | |||||
Mobile and office equipment | 3 to 12 | ||||
Production facilities and related assets | 3 to 25 | ||||
Mining assets and phosphogypsum stacks | 20 | ||||
Land improvements | 10 to 20 | ||||
Buildings | 10 to 45 | ||||
        We periodically review the depreciable lives assigned to production facilities and related assets, as well as estimated production capacities used to develop units-of-production (UOP) depreciation expense, and we change the estimates to reflect the results of those reviews. | |||||
        Scheduled inspections, replacements and overhauls of plant machinery and equipment at the Company's continuous process manufacturing facilities during a full plant shutdown are referred to as plant turnarounds. Plant turnarounds are accounted for under the deferral method, as opposed to the direct expense or built-in overhaul methods. Under the deferral method, expenditures related to turnarounds are capitalized into property, plant and equipment when incurred and amortized to production costs on a straight-line basis over the period benefited, which is until the next scheduled turnaround in up to 5 years. If the direct expense method were used, all turnaround costs would be expensed as incurred. Internal employee costs and overhead amounts are not considered turnaround costs and are not capitalized. Turnaround costs are classified as investing activities in the consolidated statements of cash flows. For additional information, see Note 17—Property, Plant and Equipment—Net. | |||||
Recoverability of Long-Lived Assets | ' | ||||
Recoverability of Long-Lived Assets | |||||
        We review property, plant and equipment and other long-lived assets in order to assess recoverability based on expected future undiscounted cash flows whenever events or circumstances indicate that the carrying value may not be recoverable. If the sum of the expected future net cash flows is less than the carrying value, an impairment loss is recognized. The impairment loss is measured as the amount by which the carrying value exceeds the fair value of the asset. | |||||
Assets and Liabilities Held for Sale | ' | ||||
Assets and Liabilities Held for Sale | |||||
        Assets and liabilities are classified as held for sale and presented separately on the consolidated balance sheet if their carrying amounts will be recovered through a sale transaction rather than through continuing use. We classify assets and liabilities we will sell (disposal group) as held for sale in the period in which all of following criteria are met: (1) management with the authority to approve the action commits to a plan to sell, (2) the disposal group is available for immediate sale in its present condition, subject only to terms that are usual and customary, (3) we have initiated an active program to locate a buyer, (4) the sale is probable, (5) the transfer is expected to qualify as a completed sale within one year of such classification (there are some circumstances beyond the entity's control that may extend the time for completion beyond one year), and (5) we are actively marketing the asset at a reasonable price in relation to its current fair value. Once classified as held for sale, capitalized amounts including those for property, plant and equipment and intangible assets, are not depreciated or amortized. | |||||
        In the consolidated statements of operations an entity must report the results of operating a component it has classified as held for sale as discontinued operations separate from continuing operations if the component's operations and cash flows will be eliminated from the ongoing operations as a result of the disposal and the entity will not have any significant continuing involvement in the component's operations after the disposal. Results of operating a component held for sale but not qualifying as a discontinued operation are included in continuing operations and not reported separately. | |||||
        In October 2013, we entered into a definitive agreement with Mosaic to sell our entire phosphate mining and manufacturing business, which is located in Florida, for a purchase price of approximately $1.4 billion in cash, subject to adjustment as provided in the agreement, and entered into two agreements to supply ammonia to Mosaic. The assets and liabilities of our phosphate mining and manufacturing business being sold to Mosaic comprise a disposal group that is classified on our December 31, 2013 Consolidated Balance Sheet as assets or liabilities held for sale. The contract to supply ammonia to the disposed business from our PLNL joint venture represents the continuation, following the sale of the phosphate mining and manufacturing business, of a supply arrangement that historically has been maintained between the phosphate mining and manufacturing business and other operations of the Company and its subsidiaries. Because of the significance of this continuing supply arrangement, in accordance with U.S. generally accepted accounting principles, the phosphate mining and manufacturing business is not reported as discontinued operations in our consolidated statement of operations. | |||||
Goodwill and Intangible Assets | ' | ||||
Goodwill and Intangible Assets | |||||
        Goodwill represents the excess of the purchase price of an acquired entity over the amounts assigned to the assets acquired and liabilities assumed. Goodwill is not amortized, but is reviewed for impairment annually or more frequently if certain impairment conditions arise. We perform our annual goodwill impairment review in the fourth quarter of each year at the reporting unit level, which in our case, are the nitrogen and phosphate segments. Our evaluation can begin with a qualitative assessment of the factors that could impact the significant inputs used to estimate fair value. If after performing the qualitative assessment, we determine that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill, then no further testing is performed. However, if it is unclear based on the results of the qualitative test, we perform a quantitative test involving potentially two steps. The first step compares the fair value of a reporting unit with its carrying amount, including goodwill. We use an income based valuation method, determining the present value of future cash flows, to estimate the fair value of a reporting unit. If the fair value of a reporting unit exceeds its positive carrying amount, goodwill of the reporting unit is considered not impaired, and the second step of the impairment test is unnecessary. The second step of the goodwill impairment test, if needed, compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. We recognize an impairment loss immediately to the extent the carrying value exceeds its implied fair value. | |||||
        Intangible assets identified with our acquisition of Terra consist of customer relationships and trademarks, which are being amortized over amortization periods of 18 years and 10 years, respectively. Our intangible assets are presented in noncurrent other assets on the consolidated balance sheet. | |||||
Leases | ' | ||||
Leases | |||||
        Leases are classified as either operating leases or capital leases. Assets acquired under capital leases are depreciated on the same basis as property, plant and equipment. Rental payments, including rent holidays, leasehold incentives, and scheduled rent increases are expensed on a straight-line basis. Leasehold improvements are amortized over the shorter of the depreciable lives of the corresponding fixed assets or the lease term including any applicable renewals. | |||||
Income Taxes | ' | ||||
Income Taxes | |||||
        Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those differences are projected to be recovered or settled. Realization of deferred tax assets is dependent on our ability to generate sufficient taxable income of an appropriate character in future periods. A valuation allowance is established if it is determined to be more likely than not that a deferred tax asset will not be realized. Interest and penalties related to unrecognized tax benefits are reported as interest expense and income tax expense, respectively. | |||||
        A deferred income tax liability is recorded for income taxes that would result from the repatriation of the portion of the investment in the Company's non-U.S. subsidiaries and corporate joint ventures that is considered to not be permanently reinvested. No deferred income taxes have been recorded for the remainder of our investment in non-U.S. subsidiaries and corporate joint ventures which we believe to be indefinitely reinvested. | |||||
Derivative Financial Instruments | ' | ||||
Derivative Financial Instruments | |||||
        Natural gas is the principal raw material used to produce nitrogen fertilizers. We manage the risk of changes in natural gas prices primarily through the use of derivative financial instruments. The derivative instruments currently used are fixed price swaps and options traded in the over-the-counter markets. The derivatives reference primarily NYMEX futures contract prices, which represent the basis for fair value at any given time. These derivatives are traded in months forward and settlements are scheduled to coincide with anticipated gas purchases during those future periods. In order to manage our exposure to changes in foreign currency exchange rates, we use foreign currency derivatives, primarily forward exchange contracts. | |||||
        The accounting for the change in the fair value of a derivative instrument depends on whether the instrument has been designated as a hedging instrument and whether the instrument is effective as part of a hedging relationship. Changes in the fair value of derivatives not designated as hedging instruments and the ineffective portion of derivatives designated as cash flow hedges are recorded in the statement of operations as the changes occur. Changes in the fair value of derivatives designated as cash flow hedging instruments considered effective are recorded in accumulated other comprehensive income (AOCI) as the changes occur, and are reclassified into income or expense as the hedge item is recognized in earnings. At December 31, 2013, the Company elected to de-designate the remaining cash flow hedging instruments. | |||||
        Derivative financial instruments are accounted for at fair value and recognized as current or noncurrent assets and liabilities on our consolidated balance sheet. The fair values of derivative instruments and any related cash collateral are reported on a gross basis rather than on a net basis. | |||||
        Cash flows related to natural gas derivatives are reported as operating activities. Cash flows related to foreign currency derivatives are reported as investing activities since they hedge future payments for the construction of long term assets. | |||||
        We do not use derivatives for trading purposes and are not a party to any leveraged derivatives. For additional information, see Note 24—Derivative Financial Instruments. | |||||
Asset Retirement Obligations | ' | ||||
Asset Retirement Obligations | |||||
        Asset Retirement Obligations (AROs) are legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development or normal operation of such assets. AROs are initially recognized as incurred when sufficient information exists to estimate fair value. When initially recognized, the fair value based on discounted future cash flows is recorded both as a liability and an increase in the carrying amount of the related long-lived asset. In subsequent periods, depreciation of the asset and accretion of the liability are recorded. For additional information, see Note 10—Asset Retirement Obligations. | |||||
        Our most significant AROs are driven by regulations in Florida governing the construction, operation, closure and long-term maintenance of phosphogypsum stack systems and site reclamation for the phosphate rock mine in Hardee County, Florida. Other AROs consist of conditional AROs for the Plant City, Bartow and Hardee facilities for which a reasonable basis exists for estimating a settlement date. These AROs relate to cessation of operations, and generally include the removal and disposition of certain chemicals, waste materials, asbestos, equipment, vessels, piping, and storage tanks. | |||||
        We also have unrecorded AROs at our nitrogen fertilizer manufacturing complexes and at our distribution and storage facilities, that are conditional upon cessation of operations. These AROs include certain decommissioning activities as well as the removal and disposition of certain chemicals, waste materials, structures, equipment, vessels, piping and storage tanks. Also included are reclamation of land and closure of effluent ponds. A liability has not been recorded for these conditional AROs because we do not believe there is currently a reasonable basis for estimating a date or range of dates of cessation of operations at these facilities, which is necessary in order to estimate fair value. | |||||
Customer Advances | ' | ||||
Customer Advances | |||||
        Customer advances represent cash received from customers following acceptance of orders under the Company's forward sales programs. Such advances typically represent a significant portion of the contract's sales value and are generally collected by the time the product is shipped, thereby reducing or eliminating accounts receivable from customers upon shipment. Revenue is recognized when title and risk of loss transfers upon shipment or delivery of the product to customers. | |||||
Environmental | ' | ||||
Environmental | |||||
        Environmental expenditures that relate to current operations are expensed or capitalized as appropriate. Expenditures that relate to an existing condition caused by past operations are expensed. Expenditures that increase the capacity or extend the useful life of an asset, improve the safety or efficiency of the operations, or mitigate or prevent future environmental contamination are capitalized. Liabilities are recorded when it is probable that an obligation has been incurred and the costs can be reasonably estimated. Environmental liabilities are not discounted. | |||||
Stock-based Compensation | ' | ||||
Stock-based Compensation | |||||
        We grant stock-based compensation awards under the CF Industries Holdings, Inc. 2009 Equity and Incentive Plan. The awards that have been granted to date are nonqualified stock options and restricted stock. The cost of employee services received in exchange for the awards is measured based on the fair value of the award on the grant date and is recognized as expense on a straight-line basis over the period during which the employee is required to provide the services. For additional information, see Note 26—Stock-Based Compensation. | |||||
Litigation | ' | ||||
Litigation | |||||
        From time to time, the Company is subject to ordinary, routine legal proceedings related to the usual conduct of its business. The Company also is involved in proceedings regarding public utility and transportation rates, environmental matters, taxes and permits relating to the operations of its various plants and facilities. Accruals for such contingencies are recorded to the extent management concludes their occurrence is probable and the financial impact of an adverse outcome is reasonably estimable. Legal fees are recognized as incurred and are not included in accruals for contingencies. Disclosure for specific legal contingencies is provided if the likelihood of occurrence is at least reasonably possible and the exposure is considered material to the consolidated financial statements. In making determinations of likely outcomes of litigation matters, many factors are considered. These factors include, but are not limited to, past history, scientific and other evidence, and the specifics and status of each matter. If the assessment of various factors changes, the estimates may change. Predicting the outcome of claims and litigation, and estimating related costs and exposure involves substantial uncertainties that could cause actual costs to vary materially from estimates and accruals. | |||||
Foreign Currency Translation | ' | ||||
Foreign Currency Translation | |||||
        Foreign currency-denominated assets and liabilities are translated into U.S. dollars at exchange rates existing at the respective balance sheet dates. Translation adjustments resulting from fluctuations in exchange rates are recorded as a separate component of accumulated other comprehensive income within stockholders' equity. Results of operations of foreign subsidiaries are translated at the average exchange rates during the respective periods. Gains and losses resulting from foreign currency transactions, the amounts of which are not material, are included in net income. Gains and losses resulting from intercompany foreign currency transactions that are of a long-term investment nature are reported in other comprehensive income. | |||||
Debt Issuance Costs | ' | ||||
Debt Issuance Costs | |||||
        Costs associated with the issuance of debt are included in other noncurrent assets and are amortized over the term of the related debt. Debt issuance discounts are netted against the related debt and are amortized over the term of the debt using the effective interest method. | |||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Summary of Significant Accounting Policies | ' | ||||
Schedule of depreciable lives | ' | ||||
Years | |||||
Mobile and office equipment | 3 to 12 | ||||
Production facilities and related assets | 3 to 25 | ||||
Mining assets and phosphogypsum stacks | 20 | ||||
Land improvements | 10 to 20 | ||||
Buildings | 10 to 45 |
Noncontrolling_Interests_Table
Noncontrolling Interests (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Noncontrolling Interest | ' | ||||||||||||||||||||||||||||
Schedule of reconciliation of the beginning and ending balances of noncontrolling interest and distributions payable to the noncontrolling interests on the entity's consolidated balance sheet | ' | ||||||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
CFL | TNCLP | Total | CFL | TNCLP | Total | CFL | TNCLP | Total | |||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Noncontrolling interest: | |||||||||||||||||||||||||||||
Beginning balance | $ | 17.4 | $ | 362.6 | $ | 380 | $ | 16.7 | $ | 369.2 | $ | 385.9 | $ | 17.4 | $ | 365.6 | $ | 383 | |||||||||||
Earnings attributable to noncontrolling interest | 2.3 | 65.9 | 68.2 | 3.5 | 71.2 | 74.7 | 154 | 67.8 | 221.8 | ||||||||||||||||||||
Declaration of distributions payable | (2.3 | ) | (66.2 | ) | (68.5 | ) | (5.3 | ) | (77.8 | ) | (83.1 | ) | (149.7 | ) | (64.2 | ) | (213.9 | ) | |||||||||||
Acquisitions of noncontrolling interests in CFL | (16.8 | ) | — | (16.8 | ) | — | — | — | — | — | — | ||||||||||||||||||
Effect of exchange rate changes | (0.6 | ) | — | (0.6 | ) | 2.5 | — | 2.5 | (5.0 | ) | — | (5.0 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Ending balance | $ | — | $ | 362.3 | $ | 362.3 | $ | 17.4 | $ | 362.6 | $ | 380 | $ | 16.7 | $ | 369.2 | $ | 385.9 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Distributions payable to noncontrolling interest | |||||||||||||||||||||||||||||
Beginning balance | $ | 5.3 | $ | — | $ | 5.3 | $ | 149.7 | $ | — | $ | 149.7 | $ | 78 | $ | — | $ | 78 | |||||||||||
Declaration of distributions payable | 2.3 | 66.2 | 68.5 | 5.3 | 77.8 | 83.1 | 149.7 | 64.2 | 213.9 | ||||||||||||||||||||
Distributions to noncontrolling interest | (7.5 | ) | (66.2 | ) | (73.7 | ) | (154.0 | ) | (77.8 | ) | (231.8 | ) | (81.5 | ) | (64.2 | ) | (145.7 | ) | |||||||||||
Effect of exchange rate changes | (0.1 | ) | — | (0.1 | ) | 4.3 | — | 4.3 | 3.5 | — | 3.5 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Ending balance | $ | — | $ | — | $ | — | $ | 5.3 | $ | — | $ | 5.3 | $ | 149.7 | $ | — | $ | 149.7 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Fair Value Measurements | ' | |||||||||||||
Schedule of cash and cash equivalents and other investments reconciliation from adjusted cost to fair value | ' | |||||||||||||
December 31, 2013 | ||||||||||||||
Adjusted | Unrealized | Unrealized | Fair Value | |||||||||||
Cost | Gains | Losses | ||||||||||||
(in millions) | ||||||||||||||
Cash | $ | 148.9 | $ | — | $ | — | $ | 148.9 | ||||||
U.S. and Canadian government obligations | 1,491.10 | — | — | 1,491.10 | ||||||||||
Other debt securities | 70.8 | — | — | 70.8 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total cash and cash equivalents | $ | 1,710.80 | $ | — | $ | — | $ | 1,710.80 | ||||||
Restricted cash | 154 | — | — | 154 | ||||||||||
Asset retirement obligation funds | 203.7 | — | — | 203.7 | ||||||||||
December 31, 2012 | ||||||||||||||
Adjusted | Unrealized | Unrealized | Fair Value | |||||||||||
Cost | Gains | Losses | ||||||||||||
(in millions) | ||||||||||||||
Cash | $ | 106 | $ | — | $ | — | $ | 106 | ||||||
U.S. and Canadian government obligations | 1,996.90 | — | — | 1,996.90 | ||||||||||
Other debt securities | 172 | — | — | 172 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total cash and cash equivalents | $ | 2,274.90 | $ | — | $ | — | $ | 2,274.90 | ||||||
Investments in auction rate securities | 27.3 | — | (1.3 | ) | 26 | |||||||||
Asset retirement obligation funds | 200.8 | — | — | 200.8 | ||||||||||
Nonqualified employee benefit trusts | 21.2 | 0.8 | — | 22 | ||||||||||
Schedule of assets and liabilities measured at fair value on a recurring basis | ' | |||||||||||||
December 31, 2013 | ||||||||||||||
Total Fair Value | Quoted Prices | Significant | Significant | |||||||||||
in Active | Other | Unobservable | ||||||||||||
Markets | Observable | Inputs | ||||||||||||
(Level 1) | Inputs | (Level 3) | ||||||||||||
(Level 2) | ||||||||||||||
(in millions) | ||||||||||||||
Cash and cash equivalents | $ | 1,710.80 | $ | 1,710.80 | $ | — | $ | — | ||||||
Restricted cash | 154 | 154 | — | — | ||||||||||
Unrealized gains on derivative instruments | 74.3 | — | 74.3 | — | ||||||||||
Asset retirement obligation funds | 203.7 | 203.7 | — | — | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets at fair value | $ | 2,142.80 | $ | 2,068.50 | $ | 74.3 | $ | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Unrealized losses on derivative instruments | $ | 0.2 | $ | — | $ | 0.2 | $ | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities at fair value | $ | 0.2 | $ | — | $ | 0.2 | $ | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
December 31, 2012 | ||||||||||||||
Total Fair Value | Quoted Prices | Significant | Significant | |||||||||||
in Active | Other | Unobservable | ||||||||||||
Markets | Observable | Inputs | ||||||||||||
(Level 1) | Inputs | (Level 3) | ||||||||||||
(Level 2) | ||||||||||||||
(in millions) | ||||||||||||||
Cash and cash equivalents | $ | 2,274.90 | $ | 2,274.90 | $ | — | $ | — | ||||||
Unrealized gains on derivative instruments | 17.3 | — | 17.3 | — | ||||||||||
Asset retirement obligation funds | 200.8 | 200.8 | — | — | ||||||||||
Investments in auction rate securities | 26 | — | — | 26 | ||||||||||
Nonqualified employee benefit trusts | 22 | 22 | — | — | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets at fair value | $ | 2,541.00 | $ | 2,497.70 | $ | 17.3 | $ | 26 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Unrealized losses on derivative instruments | $ | 5.6 | $ | — | $ | 5.6 | $ | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities at fair value | $ | 5.6 | $ | — | $ | 5.6 | $ | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of carrying amounts and estimated fair values of financial instruments | ' | |||||||||||||
December 31, | ||||||||||||||
2013 | 2012 | |||||||||||||
Carrying | Fair Value | Carrying | Fair Value | |||||||||||
Amount | Amount | |||||||||||||
(in millions) | ||||||||||||||
Long-term debt, including current portion | $ | 3,100.00 | $ | 3,276.70 | $ | 1,600.00 | $ | 1,979.40 |
Net_Earnings_Per_Share_Tables
Net Earnings Per Share (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Net Earnings Per Share | ' | ||||||||||
Summary of net earnings per share | ' | ||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions, except | |||||||||||
per share amounts) | |||||||||||
Net earnings attributable to common stockholders | $ | 1,464.60 | $ | 1,848.70 | $ | 1,539.20 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Basic earnings per common share: | |||||||||||
Weighted average common shares outstanding | 58.9 | 63.9 | 69.4 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings attributable to common stockholders | $ | 24.87 | $ | 28.94 | $ | 22.18 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Diluted earnings per common share: | |||||||||||
Weighted average common shares outstanding | 58.9 | 63.9 | 69.4 | ||||||||
Dilutive common shares—stock options | 0.3 | 0.8 | 0.6 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Diluted weighted average shares outstanding | 59.2 | 64.7 | 70 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings attributable to common stockholders | $ | 24.74 | $ | 28.59 | $ | 21.98 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Pension_and_Other_Postretireme1
Pension and Other Postretirement Benefits (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Pension and Other Postretirement Benefits | ' | |||||||||||||||||||
Schedule of plan assets, benefit obligations, funded status for the U.S. and Canadian plans | ' | |||||||||||||||||||
Pension Plans | Retiree Medical | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||
(in millions) | ||||||||||||||||||||
Change in plan assets | ||||||||||||||||||||
Fair value of plan assets January 1 | $ | 719.9 | $ | 653.4 | $ | — | $ | — | ||||||||||||
Return on plan assets | 16.3 | 76.5 | — | — | ||||||||||||||||
Funding contributions | 7 | 20.1 | — | — | ||||||||||||||||
Benefit payments | (34.4 | ) | (33.3 | ) | — | — | ||||||||||||||
Foreign currency translation | (8.1 | ) | 3.2 | — | — | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Fair value of plan assets December 31 | 700.7 | 719.9 | — | — | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Change in benefit obligation | ||||||||||||||||||||
Benefit obligation at January 1 | (832.4 | ) | (763.3 | ) | (69.6 | ) | (92.8 | ) | ||||||||||||
Curtailment | — | — | — | 24.3 | ||||||||||||||||
Service cost | (17.8 | ) | (12.4 | ) | (0.3 | ) | (2.1 | ) | ||||||||||||
Interest cost | (32.8 | ) | (34.4 | ) | (2.4 | ) | (3.3 | ) | ||||||||||||
Benefit payments | 34.4 | 33.3 | 4.8 | 5.1 | ||||||||||||||||
Foreign currency translation | 8.6 | (3.3 | ) | 0.3 | (0.1 | ) | ||||||||||||||
Change in assumptions and other | 71.4 | (52.3 | ) | 0.9 | (0.7 | ) | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Benefit obligation at December 31 | (768.6 | ) | (832.4 | ) | (66.3 | ) | (69.6 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Funded status as of year end | $ | (67.9 | ) | $ | (112.5 | ) | $ | (66.3 | ) | $ | (69.6 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Schedule of amounts recognized in consolidated balance sheets | ' | |||||||||||||||||||
Pension Plans | Retiree Medical | |||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||
(in millions) | ||||||||||||||||||||
Other noncurrent asset | $ | 4.7 | $ | 0.4 | $ | — | $ | — | ||||||||||||
Accrued expenses | — | — | (5.0 | ) | (4.9 | ) | ||||||||||||||
Other noncurrent liability | (72.6 | ) | (112.9 | ) | (61.3 | ) | (64.7 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
$ | (67.9 | ) | $ | (112.5 | ) | $ | (66.3 | ) | $ | (69.6 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Schedule of pre-tax amounts recognized in accumulated other comprehensive loss | ' | |||||||||||||||||||
Pension Plans | Retiree Medical | |||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||
(in millions) | ||||||||||||||||||||
Prior service cost | $ | 1.5 | $ | 1.8 | $ | 0.3 | $ | 0.4 | ||||||||||||
Net actuarial loss | 58.2 | 126.2 | 9.4 | 10.9 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
$ | 59.7 | $ | 128 | $ | 9.7 | $ | 11.3 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Schedule of net periodic benefit cost and other amounts recognized in accumulated other comprehensive loss | ' | |||||||||||||||||||
Pension Plans | Retiree Medical | |||||||||||||||||||
Year ended December 31, | Year ended December 31, | |||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||
(in millions) | ||||||||||||||||||||
Service cost for benefits earned during the period | $ | 17.8 | $ | 12.4 | $ | 11.3 | $ | 0.3 | $ | 2.1 | $ | 2.7 | ||||||||
Interest cost on projected benefit obligation | 32.8 | 34.4 | 35.8 | 2.4 | 3.3 | 4.3 | ||||||||||||||
Expected return on plan assets | (32.6 | ) | (34.6 | ) | (35.1 | ) | — | — | — | |||||||||||
Curtailment | — | — | — | — | (10.9 | ) | — | |||||||||||||
Amortization of transition obligation | — | — | — | — | 0.3 | 0.4 | ||||||||||||||
Amortization of prior service cost | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | — | ||||||||||||||
Amortization of actuarial loss | 10.5 | 9.8 | 6 | 0.6 | 0.6 | 0.9 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net periodic benefit cost (income) | 28.7 | 22.1 | 18.1 | 3.4 | (4.5 | ) | 8.3 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net actuarial loss (gain) | (45.4 | ) | 9.1 | 36.1 | (0.9 | ) | (12.7 | ) | 6.2 | |||||||||||
Prior service cost | — | 1.7 | — | — | — | 0.4 | ||||||||||||||
Amortization of transition obligation | — | — | — | — | (0.3 | ) | (0.4 | ) | ||||||||||||
Amortization of prior service cost | (0.2 | ) | (0.1 | ) | (0.1 | ) | (0.1 | ) | (0.1 | ) | — | |||||||||
Amortization of actuarial loss | (10.5 | ) | (9.8 | ) | (6.0 | ) | (0.6 | ) | (0.5 | ) | (1.0 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total recognized in accumulated other comprehensive loss | (56.1 | ) | 0.9 | 30 | (1.6 | ) | (13.6 | ) | 5.2 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total recognized in net periodic benefit cost and accumulated other comprehensive loss | $ | (27.4 | ) | $ | 23 | $ | 48.1 | $ | 1.8 | $ | (18.1 | ) | $ | 13.5 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of amounts that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2014 | ' | |||||||||||||||||||
Pension | Retiree | |||||||||||||||||||
Plans | Medical | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Prior service cost | $ | 0.2 | $ | — | ||||||||||||||||
Net actuarial loss | 1.1 | 0.4 | ||||||||||||||||||
Schedule of information regarding the benefit obligation, fair value of plan assets, net periodic benefit cost and funding contributions | ' | |||||||||||||||||||
CF | Terra | CF | Terra | Consolidated | ||||||||||||||||
U.S. | U.S. | Canadian | Canadian | |||||||||||||||||
Plan | Plan(1) | Plan | Plan | |||||||||||||||||
(in millions) | ||||||||||||||||||||
2013 | ||||||||||||||||||||
As of year-end | ||||||||||||||||||||
Fair value of plan assets | $ | 579 | n/a | $ | 50 | $ | 71.7 | $ | 700.7 | |||||||||||
Benefit obligation | (645.7 | ) | n/a | (55.9 | ) | (67.0 | ) | (768.6 | ) | |||||||||||
Accumulated benefit obligation        | (597.0 | ) | n/a | (44.1 | ) | (65.2 | ) | (706.3 | ) | |||||||||||
For the year | ||||||||||||||||||||
Net periodic benefit cost | 23.6 | n/a | 5 | 0.1 | 28.7 | |||||||||||||||
Funding contributions | — | n/a | 5 | 2 | 7 | |||||||||||||||
2012 | ||||||||||||||||||||
As of year-end | ||||||||||||||||||||
Fair value of plan assets | $ | 293.6 | $ | 308.4 | $ | 45 | $ | 72.9 | $ | 719.9 | ||||||||||
Benefit obligation | (363.0 | ) | (340.2 | ) | (56.7 | ) | (72.5 | ) | (832.4 | ) | ||||||||||
Accumulated benefit obligation        | (315.8 | ) | (326.3 | ) | (43.3 | ) | (69.7 | ) | (755.1 | ) | ||||||||||
For the year | ||||||||||||||||||||
Net periodic benefit cost | 16.3 | 3.1 | 2.7 | — | 22.1 | |||||||||||||||
Funding contributions | 9.3 | 3.3 | 4.9 | 2.6 | 20.1 | |||||||||||||||
-1 | ||||||||||||||||||||
As of January 1, 2013, we adopted amendments to our U.S. pension plans to combine them into a single plan and provide a pension benefit to eligible U.S. employees not previously covered by the U.S. plans. | ||||||||||||||||||||
Schedule of expected future pension and retiree medical benefit payments | ' | |||||||||||||||||||
Pension | Retiree | |||||||||||||||||||
benefit | medical | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
2014 | $ | 37.2 | $ | 5 | ||||||||||||||||
2015 | 39.2 | 5.4 | ||||||||||||||||||
2016 | 41.6 | 5.6 | ||||||||||||||||||
2017 | 43.8 | 5.9 | ||||||||||||||||||
2018 | 46.4 | 6.2 | ||||||||||||||||||
5Â years thereafter | 261.6 | 26.9 | ||||||||||||||||||
Schedule of assumptions used in determining the benefit obligations and expense | ' | |||||||||||||||||||
Pension Plans | Retiree Medical | |||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||
Weighted average discount rate—obligation | 4.8 | % | 4 | % | 4.6 | % | 4.2 | % | 3.3 | % | 4.3 | % | ||||||||
Weighted average discount rate—expense | 4 | % | 4.6 | % | 5.4 | % | 3.3 | % | 4.3 | % | 5.1 | % | ||||||||
Weighted average rate of increase in future compensation | 3.9 | % | 4 | % | 4 | % | n/a | n/a | n/a | |||||||||||
Weighted average expected long-term rate of return on assets—expense | 5.1 | % | 5.7 | % | 6.1 | % | n/a | n/a | n/a | |||||||||||
Schedule of one-percentage point change in the assumed health care cost trend rate | ' | |||||||||||||||||||
One-Percentage-Point | ||||||||||||||||||||
Increase | Decrease | |||||||||||||||||||
Effect on: | ||||||||||||||||||||
Total of service and interest cost components for 2013 | 11 | % | (9 | )% | ||||||||||||||||
Benefit obligation at December 31, 2013 | 10 | % | (8 | )% | ||||||||||||||||
Schedule of fair values of U.S. and Canadian pension plan assets | ' | |||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
Total Fair | Quoted | Significant | Significant | |||||||||||||||||
Value | Prices in | Other | Unobservable | |||||||||||||||||
Active | Observable | Inputs | ||||||||||||||||||
Markets | Inputs | (Level 3) | ||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Cash and cash equivalents(1) | $ | 7.7 | $ | 7.7 | $ | — | $ | — | ||||||||||||
Equity mutual funds | ||||||||||||||||||||
Index equity(2) | 118.7 | 118.7 | — | — | ||||||||||||||||
Pooled equity(3) | 41 | — | 41 | — | ||||||||||||||||
Fixed income | ||||||||||||||||||||
U.S. Treasury bonds and notes(4) | 16.7 | 16.7 | — | — | ||||||||||||||||
Mutual funds(5) | 79.9 | — | 79.9 | — | ||||||||||||||||
Corporate bonds and notes(6) | 383.3 | — | 383.3 | — | ||||||||||||||||
Government and agency securities(7) | 48.6 | — | 48.6 | — | ||||||||||||||||
Other(8) | 2.1 | — | 2.1 | — | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total assets at fair value | $ | 698 | $ | 143.1 | $ | 554.9 | $ | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Accruals and payables—net | 2.7 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total assets | $ | 700.7 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
December 31, 2012 | ||||||||||||||||||||
Total Fair | Quoted | Significant | Significant | |||||||||||||||||
Value | Prices in | Other | Unobservable | |||||||||||||||||
Active | Observable | Inputs | ||||||||||||||||||
Markets | Inputs | (Level 3) | ||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Cash and cash equivalents(1) | $ | 14.6 | $ | 14.6 | $ | — | $ | — | ||||||||||||
Equity mutual funds | ||||||||||||||||||||
Index equity(2) | 117.7 | 117.7 | — | — | ||||||||||||||||
Pooled equity(3) | 37.9 | — | 37.9 | — | ||||||||||||||||
Fixed income | ||||||||||||||||||||
U.S. Treasury bonds and notes(4) | 18.3 | 18.3 | — | — | ||||||||||||||||
Mutual funds(5) | 82.5 | — | 82.5 | — | ||||||||||||||||
Corporate bonds and notes(6) | 399.8 | — | 399.8 | — | ||||||||||||||||
Government and agency securities(7) | 58.6 | — | 58.6 | — | ||||||||||||||||
Other(8) | 2.5 | — | 2.5 | — | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total assets at fair value | $ | 731.9 | $ | 150.6 | $ | 581.3 | $ | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Accruals and payables—net | (12.0 | ) | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total assets | $ | 719.9 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
-1 | ||||||||||||||||||||
Cash and cash equivalents are primarily short-term money market funds and are classified as Level 1 assets. | ||||||||||||||||||||
-2 | ||||||||||||||||||||
The index equity funds are mutual funds that utilize a passively managed investment approach designed to track specific equity indices. They are valued at quoted market prices in an active market, which represent the net asset values of the shares held by the plan and are classified as Level 1 investments. | ||||||||||||||||||||
-3 | ||||||||||||||||||||
The pooled equity funds consist of actively managed pooled funds that invest in common stock and other equity securities that are traded on U.S., Canadian and foreign markets. These funds are valued using net asset values (NAV) as determined by the fund manager, which are based on the value of the underlying net assets of the fund. Although the NAV is not based on quoted market prices in an active market, it is based on observable market data and therefore the funds are categorized as Level 2 investments. | ||||||||||||||||||||
-4 | ||||||||||||||||||||
U.S. Treasury bonds and notes are valued based on quoted market prices in an active market and are classified as Level 1 investments. | ||||||||||||||||||||
-5 | ||||||||||||||||||||
The fixed income mutual funds are actively managed bond funds that invest in investment-grade corporate debt, various governmental debt obligations and mortgage-backed securities with varying maturities. They are classified as Level 2 investments valued using NAV as determined by the fund manager. | ||||||||||||||||||||
-6 | ||||||||||||||||||||
Corporate bonds and notes are traded and private placement securities valued by institutional bond pricing services, which gather information from market sources and integrate credit information, observed market movements and sector news into their pricing applications and models. These securities are classified as Level 2. | ||||||||||||||||||||
-7 | ||||||||||||||||||||
Government and agency securities consist of U.S. Federal and other government and agency debt securities, which are classified as Level 2 securities. | ||||||||||||||||||||
-8 | ||||||||||||||||||||
Other includes primarily collateralized mortgage obligations and asset-backed securities which are valued through pricing models of reputable third party sources based on market data and are classified as Level 2 investments. | ||||||||||||||||||||
Other_OperatingNet_Tables
Other Operating-Net (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Operating-Net | ' | ||||||||||
Details of other operating-net | ' | ||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Loss on property, plant and equipment and non-core assets—net | $ | 5.6 | $ | 5.5 | $ | 7.5 | |||||
Expansion project costs | 10.8 | — | — | ||||||||
Gain on currency derivatives | (20.8 | ) | (8.1 | ) | — | ||||||
Engineering studies | — | 21.9 | — | ||||||||
Closed facilities costs | 4 | 13.3 | 8.1 | ||||||||
Other | (15.4 | ) | 16.5 | 5.3 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | (15.8 | ) | $ | 49.1 | $ | 20.9 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Interest_Expense_Tables
Interest Expense (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Interest Expense | ' | ||||||||||
Schedule of interest expense | ' | ||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Interest on borrowings | $ | 150.6 | $ | 112.2 | $ | 113.9 | |||||
Fees on financing agreements | 15.4 | 32.1 | 40.3 | ||||||||
Interest on tax liabilities | 12.9 | 1.4 | 3.1 | ||||||||
Interest capitalized and other | (26.7 | ) | (10.4 | ) | (10.1 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 152.2 | $ | 135.3 | $ | 147.2 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Asset_Retirement_Obligations_T
Asset Retirement Obligations (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Asset Retirement Obligations | ' | |||||||||||||
Schedule of changes in the entity's AROs | ' | |||||||||||||
Phosphogypsum | Mine | Other | Total | |||||||||||
Stack | Reclamation | AROs | ||||||||||||
System Costs | Costs | |||||||||||||
(in millions) | ||||||||||||||
Obligation at December 31, 2010 | $ | 52.1 | $ | 61.3 | $ | 6.4 | $ | 119.8 | ||||||
Accretion expense | 3.9 | 5.1 | 0.4 | 9.4 | ||||||||||
Liabilities incurred | — | 2.4 | — | 2.4 | ||||||||||
Expenditures | (2.8 | ) | (2.7 | ) | (0.5 | ) | (6.0 | ) | ||||||
Change in estimate | 1.7 | 1.5 | 2.8 | 6 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Obligation at December 31, 2011 | 54.9 | 67.6 | 9.1 | 131.6 | ||||||||||
Accretion expense | 4.1 | 5.3 | 0.4 | 9.8 | ||||||||||
Liabilities incurred | 12.5 | 0.9 | — | 13.4 | ||||||||||
Expenditures | (1.5 | ) | (3.3 | ) | (1.4 | ) | (6.2 | ) | ||||||
Change in estimate | 0.1 | (3.8 | ) | 0.1 | (3.6 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Obligation at December 31, 2012 | 70.1 | 66.7 | 8.2 | 145 | ||||||||||
Accretion expense | 4.7 | 5.2 | 0.4 | 10.3 | ||||||||||
Liabilities incurred | — | 2.5 | — | 2.5 | ||||||||||
Expenditures | (0.6 | ) | (2.3 | ) | (1.3 | ) | (4.2 | ) | ||||||
Change in estimate | 4.7 | 9.3 | (1.0 | ) | 13 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Obligation at December 31, 2013 | $ | 78.9 | $ | 81.4 | $ | 6.3 | $ | 166.6 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Income Taxes | ' | |||||||||||||||||||
Schedule of components of earnings before income taxes and equity in earnings of non-operating affiliates | ' | |||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Domestic | $ | 2,155.40 | $ | 2,629.00 | $ | 2,502.00 | ||||||||||||||
Non-U.S. | 54.3 | 200.5 | 143.6 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
$ | 2,209.70 | $ | 2,829.50 | $ | 2,645.60 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Schedule of components of Income tax provision | ' | |||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Current | ||||||||||||||||||||
Federal | $ | 641.5 | $ | 915.4 | $ | 811.4 | ||||||||||||||
Foreign | 8.6 | 56 | 31.5 | |||||||||||||||||
State | 70.7 | 131.2 | 116.5 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
720.8 | 1,102.60 | 959.4 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Deferred | ||||||||||||||||||||
Federal | (6.5 | ) | (130.2 | ) | (63.0 | ) | ||||||||||||||
Foreign | (6.7 | ) | (4.5 | ) | (2.8 | ) | ||||||||||||||
State | (21.1 | ) | (3.7 | ) | 32.9 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
(34.3 | ) | (138.4 | ) | (32.9 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Income tax provision | $ | 686.5 | $ | 964.2 | $ | 926.5 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Summary of differences in expected income tax provision based on statutory rates applied to earnings before income taxes and income tax provision reflected in the consolidated statements of operations | ' | |||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions, except percentages) | ||||||||||||||||||||
Earnings before income taxes and equity in earnings of non-operating affiliates | $ | 2,209.70 | $ | 2,829.50 | $ | 2,645.60 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Expected tax at U.S. statutory rate | 773.4 | 35 | % | 990.3 | 35 | % | 925.9 | 35 | % | |||||||||||
State income taxes, net of federal | 32 | 1.4 | % | 82.9 | 2.9 | % | 88.6 | 3.3 | % | |||||||||||
Net earnings attributable to the noncontrolling interest | (23.9 | ) | (1.1 | )% | (26.2 | ) | (0.9 | )% | (77.6 | ) | (2.9 | )% | ||||||||
U.S. manufacturing profits deduction | (47.0 | ) | (2.1 | )% | (47.0 | ) | (1.7 | )% | (39.0 | ) | (1.5 | )% | ||||||||
Difference in tax rates on foreign earnings | (11.5 | ) | (0.5 | )% | (43.3 | ) | (1.5 | )% | 5.8 | 0.2 | % | |||||||||
Depletion | (24.2 | ) | (1.1 | )% | (8.0 | ) | (0.3 | )% | (8.6 | ) | (0.3 | )% | ||||||||
Valuation allowance | 26.8 | 1.2 | % | 16.5 | 0.6 | % | 29.8 | 1.1 | % | |||||||||||
Non-deductible capital costs | — | — | % | 0.2 | — | % | 0.6 | — | % | |||||||||||
Federal tax settlement | (50.1 | ) | (2.2 | )% | — | — | % | — | — | % | ||||||||||
Other | 11 | 0.5 | % | (1.2 | ) | — | % | 1 | 0.1 | % | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income tax at effective rate | $ | 686.5 | 31.1 | % | $ | 964.2 | 34.1 | % | $ | 926.5 | 35 | % | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of deferred tax assets and deferred tax liabilities | ' | |||||||||||||||||||
December 31, | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Deferred tax assets | ||||||||||||||||||||
Net operating loss carryforward, patronage-sourced | $ | — | $ | 94.3 | ||||||||||||||||
Other net operating loss carryforwards | 96 | 70.8 | ||||||||||||||||||
Retirement and other employee benefits | 71.5 | 92.1 | ||||||||||||||||||
Asset retirement obligations | — | 31.8 | ||||||||||||||||||
Unrealized loss on investments | — | 0.2 | ||||||||||||||||||
Intangible asset | 115.3 | — | ||||||||||||||||||
Federal tax settlement | 43.7 | — | ||||||||||||||||||
Other | 70.5 | 56.7 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
397 | 345.9 | |||||||||||||||||||
Valuation allowance | (109.2 | ) | (176.1 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
287.8 | 169.8 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Deferred tax liabilities | ||||||||||||||||||||
Depreciation and amortization | (921.0 | ) | (968.0 | ) | ||||||||||||||||
Foreign earnings | (35.4 | ) | (24.4 | ) | ||||||||||||||||
Deferred patronage from CFL | — | (1.7 | ) | |||||||||||||||||
Depletable mineral properties | (45.9 | ) | (46.7 | ) | ||||||||||||||||
Unrealized gain on hedging derivatives | (14.6 | ) | (3.3 | ) | ||||||||||||||||
Other | (44.1 | ) | (55.0 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
(1,061.0 | ) | (1,099.1 | ) | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Net deferred tax liability | (773.2 | ) | (929.3 | ) | ||||||||||||||||
Less amount in current assets (liabilities) | 60 | 9.5 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Noncurrent liability | $ | (833.2 | ) | $ | (938.8 | ) | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits | ' | |||||||||||||||||||
December 31, | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Unrecognized tax benefits: | ||||||||||||||||||||
Beginning balance | $ | 154.4 | $ | 137.1 | ||||||||||||||||
Additions for tax positions taken during the current year | 9.6 | 17.3 | ||||||||||||||||||
Additions for tax positions taken during prior years | 25 | — | ||||||||||||||||||
Reductions related to lapsed statutes of limitations | (1.3 | ) | — | |||||||||||||||||
Reductions related to settlements with tax jurisdictions | (84.0 | ) | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Ending balance | $ | 103.7 | $ | 154.4 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Assets_and_Liabilities_Held_fo1
Assets and Liabilities Held for Sale (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Assets and Liabilities Held for Sale | ' | ||||
Schedule of classes of assets and liabilities held for sale | ' | ||||
December 31, | |||||
2013 | |||||
Inventories-net | $ | 74.3 | |||
​ | ​ | ​ | ​ | ​ | |
Total current assets | 74.3 | ||||
Property, plant and equipment, net | 467.2 | ||||
Asset retirement obligation funds | 203.7 | ||||
Goodwill | 0.9 | ||||
Other assets | 7.2 | ||||
​ | ​ | ​ | ​ | ​ | |
Total assets held for sale | $ | 753.3 | |||
​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | |
Accrued expenses | 14.7 | ||||
Asset retirement obligations—current | $ | 12.1 | |||
​ | ​ | ​ | ​ | ​ | |
Total current liabilities | 26.8 | ||||
Asset retirement obligations | 154.5 | ||||
​ | ​ | ​ | ​ | ​ | |
Total liabilities held for sale | $ | 181.3 | |||
​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | |
Accounts_ReceivableNet_Tables
Accounts Receivable-Net (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Accounts Receivable-Net | ' | |||||||
Schedule of Accounts receivable-net | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Trade | $ | 225 | $ | 213.2 | ||||
Other | 5.9 | 4.2 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 230.9 | $ | 217.4 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
InventoriesNet_Tables
Inventories-Net (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Inventories-Net | ' | |||||||
Schedule of inventories | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Fertilizer | $ | 251 | $ | 212.2 | ||||
Raw materials, spare parts and supplies | 23.3 | 65.7 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 274.3 | $ | 277.9 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Other_Current_Assets_and_Other1
Other Current Assets and Other Current Liabilities (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Other Current Assets and Other Current Liabilities | ' | |||||||
Schedule of other current assets | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Prepaid expenses | $ | 19.1 | $ | 13.9 | ||||
Unrealized gains on derivatives | 72.7 | 10.1 | ||||||
Margin deposits | 0.6 | 3.8 | ||||||
Product exchanges | — | 0.1 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 92.4 | $ | 27.9 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of other current liabilities | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Financial advances | $ | 43 | $ | — | ||||
Unrealized losses on derivatives | 0.2 | 5.6 | ||||||
Product exchanges | 0.3 | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 43.5 | $ | 5.6 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Equity_Method_Investments_Tabl
Equity Method Investments (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Equity Method Investments | ' | ||||||||||
Equity Method Investments | ' | ||||||||||
December 31, | |||||||||||
2013 | 2012 | ||||||||||
(in millions) | |||||||||||
Operating equity method investments | $ | 379.7 | $ | 394.2 | |||||||
Non-operating equity method investments | 546.3 | 541.4 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Investments in and advances to affiliates | $ | 926 | $ | 935.6 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of combined results of operations and financial position for operating equity method investments | ' | ||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Condensed statement of operations information: | |||||||||||
Net sales | $ | 323.7 | $ | 320.9 | $ | 347.2 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings | $ | 102.7 | $ | 97.3 | $ | 117.5 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Equity in earnings of operating affiliates | $ | 41.7 | $ | 47 | $ | 50.2 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
December 31, | |||||||||||
2013 | 2012 | ||||||||||
(in millions) | |||||||||||
Condensed balance sheet information: | |||||||||||
Current assets | $ | 84.3 | $ | 93.9 | |||||||
Noncurrent assets | 147.3 | 164.8 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets | $ | 231.6 | $ | 258.7 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Current liabilities | $ | 36.5 | $ | 45.9 | |||||||
Long-term liabilities | 25 | 26 | |||||||||
Equity | 170.1 | 186.8 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities and equity | $ | 231.6 | $ | 258.7 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of combined results of operations and financial position for non-operating equity method investments | ' | ||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Condensed statement of operations information: | |||||||||||
Net sales | $ | 2,489.10 | $ | 2,751.60 | $ | 2,841.90 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings | $ | 43 | $ | 141.9 | $ | 117.4 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Equity in earnings of non-operating affiliates | $ | 9.6 | $ | 58.1 | $ | 41.9 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
December 31, | |||||||||||
2013 | 2012 | ||||||||||
(in millions) | |||||||||||
Condensed balance sheet information: | |||||||||||
Current assets | $ | 540.3 | $ | 595 | |||||||
Noncurrent assets | 319.3 | 293.4 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets | $ | 859.6 | $ | 888.4 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Current liabilities | $ | 310.6 | $ | 385.6 | |||||||
Long-term liabilities | 168.9 | 147.3 | |||||||||
Equity | 380.1 | 355.5 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities and equity | $ | 859.6 | $ | 888.4 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Property_Plant_and_EquipmentNe1
Property, Plant and Equipment-Net (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Property, Plant and Equipment-Net | ' | ||||||||||
Components of property, plant and equipment-net | ' | ||||||||||
December 31, | |||||||||||
2013 | 2012 | ||||||||||
(in millions) | |||||||||||
Land | $ | 37.9 | $ | 60.2 | |||||||
Mineral properties | — | 202.6 | |||||||||
Machinery and equipment | 5,046.80 | 5,388.60 | |||||||||
Buildings and improvements | 159.4 | 537.1 | |||||||||
Construction in progress | 1,099.10 | 469.1 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
6,343.20 | 6,657.60 | ||||||||||
Less: Accumulated depreciation, | |||||||||||
depletion and amortization | 2,241.50 | 2,757.10 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 4,101.70 | $ | 3,900.50 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Summary of plant turnaround activity | ' | ||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Net capitalized turnaround costs at beginning of the year | $ | 82.1 | $ | 54.8 | $ | 66.8 | |||||
Additions | 78.6 | 56.6 | 16.2 | ||||||||
Depreciation | (40.8 | ) | (29.6 | ) | (27.9 | ) | |||||
Effect of exchange rate changes | (0.1 | ) | 0.3 | (0.3 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net capitalized turnaround costs at end of the year | $ | 119.8 | $ | 82.1 | $ | 54.8 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||||
Schedule of carrying amount of goodwill by business segment | ' | |||||||||||||||||||
Nitrogen | Phosphate | Total | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Balance at December 31, 2012 | $ | 2,063.60 | $ | 0.9 | $ | 2,064.50 | ||||||||||||||
Goodwill related to acquisitions of Canadian terminals | 32.2 | — | 32.2 | |||||||||||||||||
Goodwill reclassified to non-current assets held for sale | — | (0.9 | ) | (0.9 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Balance at December 31, 2013 | $ | 2,095.80 | $ | — | $ | 2,095.80 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Schedule of the identifiable intangibles and their carrying values presented in other noncurrent assets on consolidated balance sheet | ' | |||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||
Gross | Accumulated | Net | Gross | Accumulated | Net | |||||||||||||||
Carrying | Amortization | Carrying | Amortization | |||||||||||||||||
Amount | Amount | |||||||||||||||||||
(in millions) | ||||||||||||||||||||
Intangible assets: | ||||||||||||||||||||
Customer Relationships | $ | 50 | $ | (10.4 | ) | $ | 39.6 | $ | 50 | $ | (7.6 | ) | $ | 42.4 | ||||||
TerraCair Brand | 10 | (3.8 | ) | 6.2 | 10 | (2.8 | ) | 7.2 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total intangible assets | $ | 60 | $ | (14.2 | ) | $ | 45.8 | $ | 60 | $ | (10.4 | ) | $ | 49.6 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of estimated future amortization expense | ' | |||||||||||||||||||
Estimated | ||||||||||||||||||||
Amortization | ||||||||||||||||||||
Expense | ||||||||||||||||||||
(in millions) | ||||||||||||||||||||
2014 | $ | 4 | ||||||||||||||||||
2015 | 4 | |||||||||||||||||||
2016 | 4 | |||||||||||||||||||
2017 | 4 | |||||||||||||||||||
2018 | 4 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
$ | 20 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Other_Assets_Tables
Other Assets (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Other Assets | ' | |||||||
Components of other assets | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Deferred financing fees | $ | 47.8 | $ | 44.7 | ||||
Spare parts | 69.2 | 72.7 | ||||||
Investments in auction rate securities | 13.1 | 26 | ||||||
Intangible assets—net | 45.8 | 49.6 | ||||||
Nonqualified employee benefit trusts | 22.4 | 21.7 | ||||||
Tax related assets | 37.9 | 29.8 | ||||||
Other | 9.3 | 13.4 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 245.5 | $ | 257.9 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Accounts_Payable_and_Accrued_E1
Accounts Payable and Accrued Expenses (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Accounts Payable and Accrued Expenses | ' | |||||||
Schedule of accounts payable and accrued Expenses | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Accounts payable | $ | 169 | $ | 117.3 | ||||
Accrued natural gas costs | 86 | 80.8 | ||||||
Payroll and employee related costs | 71.8 | 63.1 | ||||||
Accrued expansion project costs | 55.4 | — | ||||||
Accrued share repurchase | 40.3 | — | ||||||
Accrued interest | 24 | 22.6 | ||||||
Asset retirement obligations—current portion | — | 12.3 | ||||||
Other | 117.6 | 70.4 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 564.1 | $ | 366.5 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Financing_Agreements_Tables
Financing Agreements (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Financing Agreements | ' | |||||||
Components of long-term debt | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Unsecured senior notes: | ||||||||
6.875% due 2018 | $ | 800 | $ | 800 | ||||
7.125% due 2020 | 800 | 800 | ||||||
3.450% due 2023 | 749.3 | — | ||||||
4.950% due 2043 | 748.8 | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 3,098.10 | $ | 1,600.00 | |||||
Less: Current portion | — | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net long-term debt | $ | 3,098.10 | $ | 1,600.00 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Leases_Tables
Leases (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases | ' | ||||
Summary of future minimum payments under noncancelable operating leases, barge charters and storage agreements | ' | ||||
Operating | |||||
Lease Payments | |||||
(in millions) | |||||
2014 | $ | 88.8 | |||
2015 | 81.5 | ||||
2016 | 76.1 | ||||
2017 | 58.7 | ||||
2018 | 42.3 | ||||
Thereafter | 91 | ||||
​ | ​ | ​ | ​ | ​ | |
$ | 438.4 | ||||
​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | |
Other_Noncurrent_Liabilities_T
Other Noncurrent Liabilities (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Other Noncurrent Liabilities | ' | |||||||
Schedule of components of other noncurrent liabilities | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Asset retirement obligations | $ | — | $ | 145 | ||||
Less: Current portion in accrued expenses | — | 12.3 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Noncurrent portion | — | 132.7 | ||||||
Benefit plans and deferred compensation | 156.1 | 209.1 | ||||||
Tax related liabilities | 81.8 | 38.5 | ||||||
Capacity expansion project costs | 70.5 | — | ||||||
Environmental and related costs | 4.3 | 4 | ||||||
Other | 12.9 | 11.4 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 325.6 | $ | 395.7 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Derivative Financial Instruments | ' | |||||||||||||||||||||
Schedule of effect of derivatives in our consolidated statements of operations | ' | |||||||||||||||||||||
Gain (loss) recognized | Gain (loss) reclassified from AOCI into income | |||||||||||||||||||||
in OCI | ||||||||||||||||||||||
Year ended December 31, | Year ended December 31, | |||||||||||||||||||||
Derivatives designated | 2013 | 2012 | 2011 | Location | 2013 | 2012 | 2011 | |||||||||||||||
as cash flow hedges | ||||||||||||||||||||||
(in millions) | (in millions) | |||||||||||||||||||||
Foreign exchange contracts | $ | 3 | $ | 7.2 | $ | — | Other operating—net | $ | — | $ | — | $ | — | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gain (loss) recognized in income | ||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||
Location | 2013 | 2012 | 2011 | |||||||||||||||||||
(in millions) | ||||||||||||||||||||||
Foreign exchange contracts | Other operating—net(1) | $ | (1.8 | ) | $ | 1.8 | $ | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gain (loss) recognized in income | ||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||
Derivatives not | Location | 2013 | 2012 | 2011 | ||||||||||||||||||
designated as hedges | ||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||
Natural gas derivatives | Cost of sales | $ | 52.9 | $ | 66.5 | $ | (77.3 | ) | ||||||||||||||
Foreign exchange contracts | Other operating—net | 14.8 | 6.3 | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 67.7 | $ | 72.8 | $ | (77.3 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gain (loss) in income | ||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||
All Derivatives | 2013 | 2012 | 2011 | |||||||||||||||||||
(in millions) | ||||||||||||||||||||||
Unrealized gains (losses) | ||||||||||||||||||||||
Derivatives not designated as hedges | $ | 67.7 | $ | 72.8 | $ | (77.3 | ) | |||||||||||||||
Cash flow hedge ineffectiveness | (1.8 | ) | 1.8 | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Total unrealized gains (losses) | 65.9 | 74.6 | (77.3 | ) | ||||||||||||||||||
Realized gains (losses) | 1.8 | (144.4 | ) | (54.5 | ) | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Net derivative gains (losses) | $ | 67.7 | $ | (69.8 | ) | $ | (131.8 | ) | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
-1 | ||||||||||||||||||||||
For derivatives designated as cash flow hedges, the amount reported as gain (loss) recognized in income represents the amount excluded from hedge effectiveness. | ||||||||||||||||||||||
Schedule of fair values of derivatives in our consolidated balance sheet | ' | |||||||||||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||
Balance Sheet | Balance Sheet | |||||||||||||||||||||
Location | 2013 | 2012 | Location | 2013 | 2012 | |||||||||||||||||
(in millions) | (in millions) | |||||||||||||||||||||
Derivatives designated as hedging instruments | ||||||||||||||||||||||
Foreign exchange contracts | Other current assets | $ | — | $ | 4.2 | Other current liabilities | $ | — | $ | — | ||||||||||||
Foreign exchange contracts | Other noncurrent assets | — | 4.8 | Other noncurrent liabilities | — | — | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
$ | — | $ | 9 | $ | — | $ | — | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||
Foreign exchange contracts | Other current assets | $ | 27.3 | $ | 3.9 | Other current liabilities | $ | — | $ | — | ||||||||||||
Foreign exchange contracts | Other noncurrent assets | 1.6 | 2.4 | Other non current liabilities | — | — | ||||||||||||||||
Natural gas derivatives | Other current assets | 45.4 | 2 | Other current liabilities | (0.2 | ) | (5.5 | ) | ||||||||||||||
Natural gas derivatives | Other noncurrent assets | — | — | Other non current liabilities | — | (0.1 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
$ | 74.3 | $ | 8.3 | $ | (0.2 | ) | $ | (5.6 | ) | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
Total derivatives | $ | 74.3 | $ | 17.3 | $ | (0.2 | ) | $ | (5.6 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
Current / Non-Current Totals | ||||||||||||||||||||||
Other current assets | $ | 72.7 | $ | 10.1 | Other current liabilities | $ | (0.2 | ) | $ | (5.5 | ) | |||||||||||
Other noncurrent assets | 1.6 | 7.2 | Other non current liabilities | — | (0.1 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
Total derivatives | $ | 74.3 | $ | 17.3 | $ | (0.2 | ) | $ | (5.6 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||
Schedule of amounts relevant to offsetting of derivative assets and liabilities | ' | |||||||||||||||||||||
Gross amounts | ||||||||||||||||||||||
not offset in | ||||||||||||||||||||||
consolidated | ||||||||||||||||||||||
Gross and net | balance sheet | |||||||||||||||||||||
amounts | ||||||||||||||||||||||
presented in | ||||||||||||||||||||||
consolidated | ||||||||||||||||||||||
balance | ||||||||||||||||||||||
sheet(1) | Financial | Cash | Net | |||||||||||||||||||
instruments | collateral | amount | ||||||||||||||||||||
received | ||||||||||||||||||||||
(pledged) | ||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||
Total derivative assets | $ | 74.3 | $ | 0.2 | $ | — | $ | 74.1 | ||||||||||||||
Total derivative liabilities | — | — | — | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Net assets | $ | 74.3 | $ | 0.2 | $ | — | $ | 74.1 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
December 31, 2012 | ||||||||||||||||||||||
Total derivative assets | $ | 17.3 | $ | 4.6 | $ | — | $ | 12.7 | ||||||||||||||
Total derivative liabilities | 5.6 | 4.6 | — | 1 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Net assets | $ | 11.7 | $ | — | $ | — | $ | 11.7 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
-1 | ||||||||||||||||||||||
We report the fair values of our derivative assets and liabilities on a gross basis on our consolidated balance sheets. As a result, the gross amounts recognized and net amounts presented are the same. | ||||||||||||||||||||||
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Stockholders' Equity | ' | ||||||||||||||||
Schedule of changes in common shares issued and outstanding | ' | ||||||||||||||||
Year ended December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Beginning balance | 62,950,688 | 65,419,989 | 71,267,185 | ||||||||||||||
Exercise of stock options | 226,303 | 569,490 | 638,926 | ||||||||||||||
Issuance of restricted stock(1) | 30,074 | 25,662 | 32,867 | ||||||||||||||
Forfeitures of restricted stock | (1,570 | ) | (2,170 | ) | (3,140 | ) | |||||||||||
Purchase of treasury shares(2) | (7,340,682 | ) | (3,062,283 | ) | (6,515,849 | ) | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Ending balance | 55,864,813 | 62,950,688 | 65,419,989 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
-1 | |||||||||||||||||
Consists of restricted shares issued, net of shares issued from treasury. | |||||||||||||||||
-2 | |||||||||||||||||
Includes treasury shares acquired through shares withheld to pay employee tax obligations upon the vesting of restricted stock. | |||||||||||||||||
Schedule of changes to accumulated other comprehensive income (loss) | ' | ||||||||||||||||
Foreign | Unrealized | Unrealized | Defined | Accumulated | |||||||||||||
Currency | Gain (Loss) | Gain (Loss) | Benefit | Other | |||||||||||||
Translation | on | on | Plans | Comprehensive | |||||||||||||
Adjustment | Securities | Derivatives | Income (Loss) | ||||||||||||||
(in millions) | |||||||||||||||||
Balance at December 31, 2010 | $ | 22.4 | $ | (4.9 | ) | $ | — | $ | (70.8 | ) | $ | (53.3 | ) | ||||
Unrealized gain | — | 3.2 | — | — | 3.2 | ||||||||||||
Reclassification to net earnings | — | (0.2 | ) | — | 7.9 | 7.7 | |||||||||||
Loss arising during the period | — | — | — | (45.2 | ) | (45.2 | ) | ||||||||||
Effect of exchange rate changes and deferred taxes | (7.0 | ) | (1.1 | ) | — | (3.6 | ) | (11.7 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2011 | 15.4 | (3.0 | ) | — | (111.7 | ) | (99.3 | ) | |||||||||
Unrealized gain | — | 4.3 | 7.2 | — | 11.5 | ||||||||||||
Reclassification to net earnings | — | (0.6 | ) | — | 11.5 | 10.9 | |||||||||||
Loss arising during the period | — | — | — | (1.0 | ) | (1.0 | ) | ||||||||||
Effect of exchange rate changes and deferred taxes | 46 | (1.1 | ) | (2.6 | ) | (14.0 | ) | 28.3 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2012 | 61.4 | (0.4 | ) | 4.6 | (115.2 | ) | (49.6 | ) | |||||||||
Unrealized gain | — | 2.1 | 3 | — | 5.1 | ||||||||||||
Reclassification to earnings | — | (0.6 | ) | — | 12.2 | 11.6 | |||||||||||
Gain arising during the period | — | — | — | 46.2 | 46.2 | ||||||||||||
Effect of exchange rate changes and deferred taxes | (29.5 | ) | (0.5 | ) | (1.1 | ) | (24.8 | ) | (55.9 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2013 | $ | 31.9 | $ | 0.6 | $ | 6.5 | $ | (81.6 | ) | $ | (42.6 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of reclassifications out of AOCI | ' | ||||||||||||||||
Amount | Affected line item in | ||||||||||||||||
Reclassified | consolidated statement of operations | ||||||||||||||||
from AOCI | |||||||||||||||||
(in millions) | |||||||||||||||||
Unrealized Gain (Loss) on Securities | |||||||||||||||||
Available-for-sale securities | $ | (0.6 | ) | Interest income | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Total before tax | (0.6 | ) | |||||||||||||||
Tax effect | 0.2 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Net of tax | $ | (0.4 | ) | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Defined Benefit Plans | |||||||||||||||||
Amortization of transition obligation | $ | — | -1 | ||||||||||||||
Amortization of prior service cost | 0.3 | -1 | |||||||||||||||
Amortization of net loss | 11.9 | -1 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Total before tax | 12.2 | ||||||||||||||||
Tax effect | (4.3 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Net of tax | $ | 7.9 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Total reclassifications for the period | $ | 7.5 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
-1 | |||||||||||||||||
These AOCI components are included in the computation of net periodic benefit cost of our pension and other postretirement benefits. | |||||||||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | |||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||||||||||||
Schedule of key assumptions used to calculate fair value of each stock option award and resulting grant date fair values | ' | |||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||
Assumptions: | ||||||||||||||||||||||||||
Weighted-average expected volatility | 35% | 50% | 53% | |||||||||||||||||||||||
Expected term of stock options | 4.4 Years | 4.5 Years | 4.7 Years | |||||||||||||||||||||||
Risk-free interest rate | 1.40% | 0.70% | 0.90% | |||||||||||||||||||||||
Weighted-average expected dividend yield | 0.80% | 0.80% | 1.10% | |||||||||||||||||||||||
Weighted-average grant date fair value per share of options granted | $53.82 | $80.59 | $56.60 | |||||||||||||||||||||||
Summary of stock option activity under the plan | ' | |||||||||||||||||||||||||
Shares | Weighted- | |||||||||||||||||||||||||
Average | ||||||||||||||||||||||||||
Exercise Price | ||||||||||||||||||||||||||
Outstanding at December 31, 2012 | 766,607 | $ | 100.34 | |||||||||||||||||||||||
Granted | 212,420 | 188.73 | ||||||||||||||||||||||||
Exercised | (226,303 | ) | 44.93 | |||||||||||||||||||||||
Forfeited | (15,192 | ) | 170.38 | |||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Outstanding at December 31, 2013 | 737,532 | 141.76 | ||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Exercisable at December 31, 2013 | 406,687 | 102.53 | ||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Summary of selected amounts pertaining to stock option exercises | ' | |||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||
Cash received from stock option exercises | $ | 10.3 | $ | 14.6 | $ | 15.5 | ||||||||||||||||||||
Actual tax benefit realized from stock option exercises | $ | 11.9 | $ | 36.9 | $ | 30 | ||||||||||||||||||||
Pre-tax intrinsic value of stock options exercised | $ | 38.6 | $ | 95.2 | $ | 79.4 | ||||||||||||||||||||
Summary of information about stock options outstanding and exercisable | ' | |||||||||||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||||||||||||
Range of | Shares | Weighted- | Weighted- | Aggregate | Shares | Weighted- | Weighted- | Aggregate | ||||||||||||||||||
Exercise Prices | Average | Average | Intrinsic | Average | Average | Intrinsic | ||||||||||||||||||||
Remaining | Exercise Price | Value(1) | Remaining | Exercise Price | Value(1) | |||||||||||||||||||||
Contractual | (in millions) | Contractual | (in millions) | |||||||||||||||||||||||
Term | Term | |||||||||||||||||||||||||
(years) | (years) | |||||||||||||||||||||||||
$Â Â 14.83 - $Â Â 20.00 | 24,000 | 1.9 | $ | 15.86 | $ | 5.2 | 24,000 | 1.9 | $ | 15.86 | $ | 5.2 | ||||||||||||||
$Â Â 20.01 - $100.00 | 234,003 | 5.9 | 76.5 | 36.6 | 234,003 | 5.9 | 76.5 | 36.6 | ||||||||||||||||||
$100.01 - $207.95 | 479,529 | 8.4 | 179.86 | 25.5 | 148,684 | 6.9 | 157.5 | 11.2 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
737,532 | 7.4 | 141.76 | $ | 67.3 | 406,687 | 6 | 102.53 | $ | 53 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
-1 | ||||||||||||||||||||||||||
The aggregate intrinsic value represents the total pre-tax intrinsic value, based on our closing stock price of $233.04 as of December 31, 2013, which would have been received by the option holders had all option holders exercised their options as of that date. | ||||||||||||||||||||||||||
Summary of restricted stock activity under the Plan | ' | |||||||||||||||||||||||||
Shares | Weighted- | |||||||||||||||||||||||||
Average | ||||||||||||||||||||||||||
Grant-Date | ||||||||||||||||||||||||||
Fair Value | ||||||||||||||||||||||||||
Outstanding at December 31, 2012 | 98,284 | $ | 129.05 | |||||||||||||||||||||||
Granted | 30,074 | 189.42 | ||||||||||||||||||||||||
Restrictions lapsed (vested) | (52,785 | ) | 87.67 | |||||||||||||||||||||||
Forfeited | (1,570 | ) | 137.99 | |||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Outstanding at December 31, 2013 | 74,003 | 200.11 | ||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Summary of selected amounts pertaining to restricted stock that vested | ' | |||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||
Actual tax benefit realized from restricted stock vested | $ | 3.4 | $ | 2.9 | $ | 1.7 | ||||||||||||||||||||
Fair value of restricted stock vested | $ | 10 | $ | 7.6 | $ | 4.4 | ||||||||||||||||||||
Summary of stock-based compensation costs and related income tax benefits | ' | |||||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||
Stock-based compensation expense(1) | $ | 12.6 | $ | 11.1 | $ | 9.9 | ||||||||||||||||||||
Income tax benefit | (4.6 | ) | (4.0 | ) | (3.7 | ) | ||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Stock-based compensation expense, net of income taxes | $ | 8 | $ | 7.1 | $ | 6.2 | ||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
-1 | ||||||||||||||||||||||||||
In addition to our expense associated with the Plan, TNCLP also recognizes stock-based compensation expense for phantom units provided to non-employee directors of TNGP. The expense resulting from these market-based liability awards amounted to zero, $0.8 million and $0.7 million for the years ended December 31, 2013, 2012 and 2011 respectively. Stock compensation expense reported in our consolidated statements of operations and consolidated statements of cash flows includes this phantom unit expense. | ||||||||||||||||||||||||||
Other_Financial_Statement_Data1
Other Financial Statement Data (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Financial Statement Data | ' | ||||||||||
Summary of additional information relating to cash flow activities | ' | ||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(in millions) | |||||||||||
Cash paid during the year for | |||||||||||
Interest | $ | 162 | $ | 113.1 | $ | 126.7 | |||||
Income taxes—net of refunds | 847.4 | 1,073.70 | 819.2 |
Segment_Disclosures_Tables
Segment Disclosures (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Segment Disclosures | ' | |||||||||||||
Summary of segment data for sales, cost of sales and gross margin | ' | |||||||||||||
Nitrogen | Phosphate | Consolidated | ||||||||||||
(in millions) | ||||||||||||||
Year ended December 31, 2013 | ||||||||||||||
Net sales | ||||||||||||||
Ammonia | $ | 1,437.90 | $ | — | $ | 1,437.90 | ||||||||
Urea | 924.6 | — | 924.6 | |||||||||||
UAN | 1,935.10 | — | 1,935.10 | |||||||||||
AN | 215.1 | — | 215.1 | |||||||||||
DAP | — | 600.6 | 600.6 | |||||||||||
MAP | — | 196.3 | 196.3 | |||||||||||
Other | 165.1 | — | 165.1 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
4,677.80 | 796.9 | 5,474.70 | ||||||||||||
Cost of sales | 2,232.50 | 722 | 2,954.50 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Gross margin | $ | 2,445.30 | $ | 74.9 | $ | 2,520.20 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total other operating costs and expenses | 150.2 | |||||||||||||
Equity in earnings of operating affiliates | 41.7 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Operating earnings | $ | 2,411.70 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Year ended December 31, 2012 | ||||||||||||||
Net sales | ||||||||||||||
Ammonia | $ | 1,677.60 | $ | — | $ | 1,677.60 | ||||||||
Urea | 1,143.40 | — | 1,143.40 | |||||||||||
UAN | 1,886.20 | — | 1,886.20 | |||||||||||
AN | 222.8 | — | 222.8 | |||||||||||
DAP | — | 794.5 | 794.5 | |||||||||||
MAP | — | 212.9 | 212.9 | |||||||||||
Other | 166.6 | — | 166.6 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
5,096.60 | 1,007.40 | 6,104.00 | ||||||||||||
Cost of sales | 2,183.00 | 807.7 | 2,990.70 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Gross margin | $ | 2,913.60 | $ | 199.7 | $ | 3,113.30 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total other operating costs and expenses | 200.9 | |||||||||||||
Equity in earnings of operating affiliates | 47 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Operating earnings | $ | 2,959.40 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Year ended December 31, 2011 | ||||||||||||||
Net sales | ||||||||||||||
Ammonia | $ | 1,562.80 | $ | — | $ | 1,562.80 | ||||||||
Urea | 1,069.70 | — | 1,069.70 | |||||||||||
UAN | 1,991.60 | — | 1,991.60 | |||||||||||
DAP | 247.5 | — | 247.5 | |||||||||||
MAP | — | 829.1 | 829.1 | |||||||||||
Potash | — | 256.7 | 256.7 | |||||||||||
Other | 140.5 | — | 140.5 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
5,012.10 | 1,085.80 | 6,097.90 | ||||||||||||
Cost of sales | 2,448.90 | 753.4 | 3,202.30 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Gross margin | $ | 2,563.20 | $ | 332.4 | $ | 2,895.60 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total other operating costs and expenses | 155.3 | |||||||||||||
Equity in earnings of operating affiliates | 50.2 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Operating earnings | $ | 2,790.50 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of segment depreciation, depletion and amortization | ' | |||||||||||||
Nitrogen | Phosphate | Other | Consolidated | |||||||||||
(in millions) | ||||||||||||||
Depreciation, depletion and amortization | ||||||||||||||
Year ended December 31, 2013 | $ | 328.4 | $ | 42.3 | $ | 39.9 | $ | 410.6 | ||||||
Year ended December 31, 2012 | $ | 334.6 | $ | 43.5 | $ | 41.7 | $ | 419.8 | ||||||
Year ended December 31, 2011 | $ | 316.3 | $ | 50.7 | $ | 49.2 | 416.2 | |||||||
Schedule of segment capital expenditures | ' | |||||||||||||
Nitrogen | Phosphate | Other | Consolidated | |||||||||||
(in millions) | ||||||||||||||
Capital expenditures | ||||||||||||||
Year ended December 31, 2013 | $ | 759.5 | $ | 59 | $ | 5.3 | $ | 823.8 | ||||||
Year ended December 31, 2012 | $ | 431.3 | $ | 64.4 | $ | 27.8 | $ | 523.5 | ||||||
Year ended December 31, 2011 | $ | 177 | $ | 52 | $ | 18.2 | 247.2 | |||||||
Schedule of segment assets | ' | |||||||||||||
Nitrogen | Phosphate | Other | Consolidated | |||||||||||
(in millions) | ||||||||||||||
Assets | ||||||||||||||
December 31, 2013 | $ | 6,913.80 | $ | 817.6 | $ | 2,946.70 | $ | 10,678.10 | ||||||
December 31, 2012 | $ | 5,991.50 | $ | 795.2 | $ | 3,380.20 | $ | 10,166.90 | ||||||
Schedule of enterprise-wide data by geographic region | ' | |||||||||||||
Year ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
(in millions) | ||||||||||||||
Sales by geographic region (based on destination of shipments) | ||||||||||||||
U.S. | $ | 4,497.80 | $ | 5,260.90 | $ | 5,175.90 | ||||||||
Canada | 508.5 | 446.4 | 492.1 | |||||||||||
Export | 468.4 | 396.7 | 429.9 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 5,474.70 | $ | 6,104.00 | $ | 6,097.90 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
December 31, | ||||||||||||||
2013 | 2012 | |||||||||||||
(in millions) | ||||||||||||||
Property, plant and equipment—net by geographic region | ||||||||||||||
U.S. | $ | 3,528.80 | $ | 3,327.80 | ||||||||||
Canada | 572.9 | 572.7 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Consolidated | $ | 4,101.70 | $ | 3,900.50 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Quarterly_DataUnaudited_Tables
Quarterly Data-Unaudited (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Data-Unaudited | ' | ||||||||||||||||
Schedule of operating results | ' | ||||||||||||||||
Three months ended | |||||||||||||||||
March 31 | June 30 | September 30 | December 31 | Full Year | |||||||||||||
(in millions, except per share amounts) | |||||||||||||||||
2013 | |||||||||||||||||
Net sales | $ | 1,336.50 | $ | 1,714.90 | $ | 1,097.00 | $ | 1,326.30 | $ | 5,474.70 | |||||||
Gross margin | 675.1 | 865.2 | 386.1 | 593.8 | 2,520.20 | ||||||||||||
Unrealized gains (losses) on derivatives(1) | 8.8 | (14.4 | ) | 15.7 | 55.8 | 65.9 | |||||||||||
Net earnings attributable to common stockholders | 406.5 | 498.2 | 234.1 | 325.8 | 1,464.60 | ||||||||||||
Net earnings per share attributable to common stockholders | |||||||||||||||||
Basic | 6.53 | 8.43 | 4.09 | 5.73 | 24.87 | ||||||||||||
Diluted | 6.47 | 8.38 | 4.07 | 5.71 | 24.74 | ||||||||||||
2012 | |||||||||||||||||
Net sales | $ | 1,527.60 | $ | 1,735.60 | $ | 1,359.40 | $ | 1,481.40 | -2 | $ | 6,104.00 | ||||||
Gross margin | 711.8 | 1,043.30 | 702 | 656.2 | -2 | 3,113.30 | |||||||||||
Unrealized gains (losses) on derivatives(1) | (55.9 | ) | 77.6 | 39.8 | 13.1 | 74.6 | |||||||||||
Net earnings attributable to common stockholders | 368.4 | 606.3 | 403.3 | 470.7 | 1,848.70 | ||||||||||||
Net earnings per share attributable to common stockholders | |||||||||||||||||
Basic | 5.62 | 9.42 | 6.43 | 7.48 | 28.94 | ||||||||||||
Diluted | 5.54 | 9.31 | 6.35 | 7.4 | 28.59 | ||||||||||||
-1 | |||||||||||||||||
Amounts represent pre-tax unrealized gains (losses) on derivatives included in gross margin. See Note 24—Derivative Financial Instruments, for additional information. | |||||||||||||||||
-2 | |||||||||||||||||
Net sales and gross margin for the fourth quarter of 2012 reflects a $129.7 million reduction relating to a modification to CFL's selling prices, as described in Note 4—Noncontrolling Interest. | |||||||||||||||||
Condensed_Consolidating_Financ1
Condensed Consolidating Financial Statements (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Condensed Consolidating Financial Statements | ' | ||||||||||||||||
Schedule of Condensed Consolidating Statements of Operations | ' | ||||||||||||||||
Condensed, Consolidating Statement of Operations | |||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||
Parent | CF Industries | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net sales | $ | — | $ | 1,105.80 | $ | 5,767.50 | $ | (1,398.6 | ) | $ | 5,474.70 | ||||||
Cost of sales | — | 886 | 3,463.00 | (1,394.5 | ) | 2,954.50 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gross margin | — | 219.8 | 2,304.50 | (4.1 | ) | 2,520.20 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Selling, general and administrative expenses | 2.7 | 11.8 | 151.5 | — | 166 | ||||||||||||
Other operating—net | — | 7.6 | (23.4 | ) | — | (15.8 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total other operating costs and expenses | 2.7 | 19.4 | 128.1 | — | 150.2 | ||||||||||||
Equity in earnings of operating affiliates | — | — | 41.7 | — | 41.7 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Operating earnings (loss) | (2.7 | ) | 200.4 | 2,218.10 | (4.1 | ) | 2,411.70 | ||||||||||
Interest expense | — | 155.1 | (1.8 | ) | (1.1 | ) | 152.2 | ||||||||||
Interest income | — | (0.9 | ) | (4.9 | ) | 1.1 | (4.7 | ) | |||||||||
Net (earnings) of wholly-owned subsidiaries | (1,466.4 | ) | (1,423.0 | ) | — | 2,889.40 | — | ||||||||||
Other non-operating—net | — | (0.4 | ) | 54.9 | — | 54.5 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Earnings before income taxes and equity in losses of non-operating affiliates | 1,463.70 | 1,469.60 | 2,169.90 | (2,893.5 | ) | 2,209.70 | |||||||||||
Income tax provision (benefit) | (0.9 | ) | 3 | 684.4 | — | 686.5 | |||||||||||
Equity in losses of non-operating affiliates—net of taxes | — | (0.2 | ) | 9.8 | — | 9.6 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings | 1,464.60 | 1,466.40 | 1,495.30 | (2,893.5 | ) | 1,532.80 | |||||||||||
Less: Net earnings attributable to noncontrolling interest | — | — | 72.3 | (4.1 | ) | 68.2 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings attributable to common stockholders | $ | 1,464.60 | $ | 1,466.40 | $ | 1,423.00 | $ | (2,889.4 | ) | $ | 1,464.60 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Operations | |||||||||||||||||
Year ended December 31, 2012 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net sales | $ | — | $ | 3,747.90 | $ | 2,514.50 | $ | (158.4 | ) | $ | 6,104.00 | ||||||
Cost of sales | — | 1,854.60 | 1,287.20 | (151.1 | ) | 2,990.70 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gross margin | — | 1,893.30 | 1,227.30 | (7.3 | ) | 3,113.30 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Selling, general and administrative expenses | 2.5 | 128 | 21.3 | — | 151.8 | ||||||||||||
Other operating—net | — | 24 | 25.1 | — | 49.1 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total other operating costs and expenses | 2.5 | 152 | 46.4 | — | 200.9 | ||||||||||||
Equity in earnings of operating affiliates | — | 4.9 | 42.1 | — | 47 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Operating earnings (loss) | (2.5 | ) | 1,746.20 | 1,223.00 | (7.3 | ) | 2,959.40 | ||||||||||
Interest expense | — | 126.8 | 10.1 | (1.6 | ) | 135.3 | |||||||||||
Interest income | — | (1.4 | ) | (4.5 | ) | 1.6 | (4.3 | ) | |||||||||
Net (earnings) of wholly-owned subsidiaries | (1,851.2 | ) | (792.8 | ) | — | 2,644.00 | — | ||||||||||
Other non-operating—net | — | — | (1.1 | ) | — | (1.1 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Earnings before income taxes and equity in earnings of non-operating affiliates | 1,848.70 | 2,413.60 | 1,218.50 | (2,651.3 | ) | 2,829.50 | |||||||||||
Income tax provision | — | 562.2 | 402 | — | 964.2 | ||||||||||||
Equity in earnings (loss) of non-operating affiliates—net of taxes | — | (0.2 | ) | 58.3 | — | 58.1 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings | 1,848.70 | 1,851.20 | 874.8 | (2,651.3 | ) | 1,923.40 | |||||||||||
Less: Net earnings attributable to noncontrolling interest | — | — | 82 | (7.3 | ) | 74.7 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings attributable to common stockholders | $ | 1,848.70 | $ | 1,851.20 | $ | 792.8 | $ | (2,644.0 | ) | $ | 1,848.70 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Operations | |||||||||||||||||
Year ended December 31, 2011 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net sales | $ | — | $ | 3,585.30 | $ | 3,013.80 | $ | (501.2 | ) | $ | 6,097.90 | ||||||
Cost of sales | — | 1,932.10 | 1,470.10 | (199.9 | ) | 3,202.30 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gross margin | — | 1,653.20 | 1,543.70 | (301.3 | ) | 2,895.60 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Selling, general and administrative expenses | 3.6 | 99.5 | 26.9 | — | 130 | ||||||||||||
Restructuring and integration costs | — | 2 | 2.4 | — | 4.4 | ||||||||||||
Other operating—net | — | (18.9 | ) | 39.8 | — | 20.9 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total other operating costs and expenses | 3.6 | 82.6 | 69.1 | — | 155.3 | ||||||||||||
Equity in earnings of operating affiliates | — | (1.2 | ) | 51.4 | — | 50.2 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Operating earnings (loss) | (3.6 | ) | 1,569.40 | 1,526.00 | (301.3 | ) | 2,790.50 | ||||||||||
Interest expense | — | 137.1 | 10.4 | (0.3 | ) | 147.2 | |||||||||||
Interest income | — | (0.7 | ) | (1.3 | ) | 0.3 | (1.7 | ) | |||||||||
Net (earnings) of wholly-owned subsidiaries | (1,541.5 | ) | (618.8 | ) | — | 2,160.30 | — | ||||||||||
Other non-operating—net | — | (0.1 | ) | (0.5 | ) | — | (0.6 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Earnings before income taxes and equity in earnings of non-operating affiliates | 1,537.90 | 2,051.90 | 1,517.40 | (2,461.6 | ) | 2,645.60 | |||||||||||
Income tax (benefit) provision | (1.3 | ) | 505.6 | 422.2 | — | 926.5 | |||||||||||
Equity in earnings (loss) of non-operating affiliates—net of taxes | — | (4.8 | ) | 46.7 | — | 41.9 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings | 1,539.20 | 1,541.50 | 1,141.90 | (2,461.6 | ) | 1,761.00 | |||||||||||
Less: Net earnings attributable to noncontrolling interest | — | — | 523.1 | (301.3 | ) | 221.8 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net earnings attributable to common stockholders | $ | 1,539.20 | $ | 1,541.50 | $ | 618.8 | $ | (2,160.3 | ) | $ | 1,539.20 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of Condensed Consolidating Statements of Comprehensive Income | ' | ||||||||||||||||
Condensed, Consolidating Statement of Comprehensive Income | |||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||
Parent | CF Industries | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net earnings | $ | 1,464.60 | $ | 1,466.40 | $ | 1,495.30 | $ | (2,893.5 | ) | $ | 1,532.80 | ||||||
Other comprehensive income (loss) | 7 | 7 | (40.1 | ) | 32.4 | 6.3 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income | 1,471.60 | 1,473.40 | 1,455.20 | (2,861.1 | ) | 1,539.10 | |||||||||||
Less: Comprehensive income attributable to noncontrolling interest | — | — | 72.3 | (4.8 | ) | 67.5 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income attributable to common stockholders | $ | 1,471.60 | $ | 1,473.40 | $ | 1,382.90 | $ | (2,856.3 | ) | $ | 1,471.60 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Comprehensive Income | |||||||||||||||||
Year ended December 31, 2012 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net earnings | $ | 1,848.70 | $ | 1,851.20 | $ | 874.8 | $ | (2,651.3 | ) | $ | 1,923.40 | ||||||
Other comprehensive income | 49.6 | 49.6 | 23.6 | (72.4 | ) | 50.4 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income | 1,898.30 | 1,900.80 | 898.4 | (2,723.7 | ) | 1,973.80 | |||||||||||
Less: Comprehensive income attributable to noncontrolling interest | — | — | 82 | (6.6 | ) | 75.4 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income attributable to common stockholders | $ | 1,898.30 | $ | 1,900.80 | $ | 816.4 | $ | (2,717.1 | ) | $ | 1,898.40 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Comprehensive Income | |||||||||||||||||
Year ended December 31, 2011 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Net earnings | $ | 1,539.20 | $ | 1,541.50 | $ | 1,141.90 | $ | (2,461.6 | ) | $ | 1,761.00 | ||||||
Other comprehensive income (loss) | (45.9 | ) | (45.9 | ) | (37.4 | ) | 82.6 | (46.6 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income | 1,493.30 | 1,495.60 | 1,104.50 | (2,379.0 | ) | 1,714.40 | |||||||||||
Less: Comprehensive income attributable to noncontrolling interest | — | — | 523.1 | (301.9 | ) | 221.2 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Comprehensive income attributable to common stockholders | $ | 1,493.30 | $ | 1,495.60 | $ | 581.4 | $ | (2,077.1 | ) | $ | 1,493.20 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of Condensed Consolidating Balance Sheets | ' | ||||||||||||||||
Condensed, Consolidating Balance Sheet | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Parent | CF Industries | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | and | ||||||||||||||||
Reclassifications | |||||||||||||||||
(in millions) | |||||||||||||||||
Assets | |||||||||||||||||
Current assets: | |||||||||||||||||
Cash and cash equivalents | $ | 0.1 | $ | 20.4 | $ | 1,690.30 | $ | — | $ | 1,710.80 | |||||||
Restricted cash | — | — | 154 | — | 154 | ||||||||||||
Accounts and notes receivable-net | — | 287.1 | 1,172.20 | (1,228.4 | ) | 230.9 | |||||||||||
Inventories—net | — | 3.3 | 271 | — | 274.3 | ||||||||||||
Prepaid income taxes | 0.9 | — | 33.4 | (0.9 | ) | 33.4 | |||||||||||
Deferred income taxes | — | — | 60 | — | 60 | ||||||||||||
Assets held for sale | — | 68.1 | 6.2 | — | 74.3 | ||||||||||||
Other | — | — | 92.4 | — | 92.4 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total current assets | 1 | 378.9 | 3,479.50 | (1,229.3 | ) | 2,630.10 | |||||||||||
Property, plant and equipment—net | — | — | 4,101.70 | — | 4,101.70 | ||||||||||||
Deferred income taxes | — | 149.7 | — | (149.7 | ) | — | |||||||||||
Investments in and advances to affiliates | 5,193.40 | 8,161.10 | 925.8 | (13,354.3 | ) | 926 | |||||||||||
Due from affiliates | 570.7 | — | 1.7 | (572.4 | ) | — | |||||||||||
Goodwill | — | — | 2,095.80 | — | 2,095.80 | ||||||||||||
Noncurrent assets held for sale | — | 679 | — | — | 679 | ||||||||||||
Other assets | — | 60.7 | 184.8 | — | 245.5 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets | $ | 5,765.10 | $ | 9,429.40 | $ | 10,789.30 | $ | (15,305.7 | ) | $ | 10,678.10 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Liabilities and Equity | |||||||||||||||||
Current liabilities: | |||||||||||||||||
Accounts and notes payable and | |||||||||||||||||
accrued expenses | $ | 40.6 | $ | 354.2 | $ | 715.9 | $ | (546.6 | ) | $ | 564.1 | ||||||
Income taxes payable | — | 29.1 | 45.1 | (0.9 | ) | 73.3 | |||||||||||
Customer advances | — | — | 120.6 | — | 120.6 | ||||||||||||
Liabilities held for sale | — | 26.8 | — | — | 26.8 | ||||||||||||
Other | 648.4 | 0.9 | 84.9 | (690.7 | ) | 43.5 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total current liabilities | 689 | 411 | 966.5 | (1,238.2 | ) | 828.3 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Long-term debt | — | 3,098.10 | — | — | 3,098.10 | ||||||||||||
Deferred income taxes | — | — | 982.9 | (149.7 | ) | 833.2 | |||||||||||
Due to affiliates | — | 572.4 | — | (572.4 | ) | — | |||||||||||
Noncurrent liabilities held for sale | — | 154.5 | — | — | 154.5 | ||||||||||||
Other noncurrent liabilities | — | — | 325.6 | — | 325.6 | ||||||||||||
Equity: | |||||||||||||||||
Stockholders' equity: | |||||||||||||||||
Preferred stock | — | — | 16.4 | (16.4 | ) | — | |||||||||||
Common stock | 0.6 | — | 1.1 | (1.1 | ) | 0.6 | |||||||||||
Paid-in capital | 1,594.30 | (12.6 | ) | 7,823.00 | (7,810.4 | ) | 1,594.30 | ||||||||||
Retained earnings | 3,725.60 | 5,248.60 | 354.5 | (5,603.1 | ) | 3,725.60 | |||||||||||
Treasury stock | (201.8 | ) | — | — | — | (201.8 | ) | ||||||||||
Accumulated other comprehensive | |||||||||||||||||
income (loss) | (42.6 | ) | (42.6 | ) | (43.0 | ) | 85.6 | (42.6 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total stockholders' equity | 5,076.10 | 5,193.40 | 8,152.00 | (13,345.4 | ) | 5,076.10 | |||||||||||
Noncontrolling interest | — | — | 362.3 | — | 362.3 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total equity | 5,076.10 | 5,193.40 | 8,514.30 | (13,345.4 | ) | 5,438.40 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities and equity | $ | 5,765.10 | $ | 9,429.40 | $ | 10,789.30 | $ | (15,305.7 | ) | $ | 10,678.10 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Balance Sheet | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | and | ||||||||||||||||
Reclassifications | |||||||||||||||||
(in millions) | |||||||||||||||||
Assets | |||||||||||||||||
Current assets: | |||||||||||||||||
Cash and cash equivalents | $ | — | $ | 440.8 | $ | 1,834.10 | $ | — | $ | 2,274.90 | |||||||
Accounts and notes receivable—net | — | 145.1 | 1,007.90 | (935.6 | ) | 217.4 | |||||||||||
Income taxes receivable | — | 642.1 | — | (642.1 | ) | — | |||||||||||
Inventories—net | — | 193.1 | 84.8 | — | 277.9 | ||||||||||||
Deferred income taxes | — | 9.5 | — | — | 9.5 | ||||||||||||
Other | — | 15.4 | 12.5 | — | 27.9 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total current assets | — | 1,446.00 | 2,939.30 | (1,577.7 | ) | 2,807.60 | |||||||||||
Property, plant and equipment—net | — | 1,008.10 | 2,892.40 | — | 3,900.50 | ||||||||||||
Deferred income taxes | — | 50.7 | — | (50.7 | ) | — | |||||||||||
Asset retirement obligation funds | — | 200.8 | — | — | 200.8 | ||||||||||||
Investments in and advances to affiliates | 5,331.50 | 6,291.40 | 935.2 | (11,622.5 | ) | 935.6 | |||||||||||
Due from affiliates | 570.7 | — | 1.8 | (572.5 | ) | — | |||||||||||
Goodwill | — | 0.9 | 2,063.60 | — | 2,064.50 | ||||||||||||
Other assets | — | 136.5 | 121.4 | — | 257.9 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets | $ | 5,902.20 | $ | 9,134.40 | $ | 8,953.70 | $ | (13,823.4 | ) | $ | 10,166.90 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Liabilities and Equity | |||||||||||||||||
Current liabilities: | |||||||||||||||||
Accounts payable and accrued expenses | $ | — | $ | 222.6 | $ | 159.3 | $ | (15.4 | ) | $ | 366.5 | ||||||
Income taxes payable | — | — | 829.2 | (642.1 | ) | 187.1 | |||||||||||
Customer advances | — | 247.9 | 132.8 | — | 380.7 | ||||||||||||
Notes payable | — | 900 | 14.6 | (909.6 | ) | 5 | |||||||||||
Distributions payable to noncontrolling interest | — | — | 15.7 | (10.4 | ) | 5.3 | |||||||||||
Other | — | 4.5 | 1.1 | — | 5.6 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total current liabilities | — | 1,375.00 | 1,152.70 | (1,577.5 | ) | 950.2 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Long-term debt | — | 1,600.00 | — | — | 1,600.00 | ||||||||||||
Deferred income taxes | — | — | 989.5 | (50.7 | ) | 938.8 | |||||||||||
Due to affiliates | — | 572.5 | — | (572.5 | ) | — | |||||||||||
Other noncurrent liabilities | — | 255.4 | 140.3 | — | 395.7 | ||||||||||||
Equity: | |||||||||||||||||
Stockholders' equity: | |||||||||||||||||
Preferred stock | — | — | 65.3 | (65.3 | ) | — | |||||||||||
Common stock | 0.6 | — | 154.3 | (154.3 | ) | 0.6 | |||||||||||
Paid-in capital | 2,492.30 | 739.8 | 4,493.60 | (5,233.3 | ) | 2,492.40 | |||||||||||
Retained earnings | 3,461.20 | 4,641.30 | 1,598.30 | (6,239.7 | ) | 3,461.10 | |||||||||||
Treasury stock | (2.3 | ) | — | — | — | (2.3 | ) | ||||||||||
Accumulated other comprehensive income (loss) | (49.6 | ) | (49.6 | ) | (2.9 | ) | 52.5 | (49.6 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total stockholders' equity | 5,902.20 | 5,331.50 | 6,308.60 | (11,640.1 | ) | 5,902.20 | |||||||||||
Noncontrolling interest | — | — | 362.6 | 17.4 | 380 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total equity | 5,902.20 | 5,331.50 | 6,671.20 | (11,622.7 | ) | 6,282.20 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities and equity | $ | 5,902.20 | $ | 9,134.40 | $ | 8,953.70 | $ | (13,823.4 | ) | $ | 10,166.90 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of Condensed Consolidating Statements of Cash Flows | ' | ||||||||||||||||
Condensed, Consolidating Statement of Cash Flows | |||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||
Parent | CF Industries | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Operating Activities: | |||||||||||||||||
Net earnings | $ | 1,464.60 | $ | 1,466.40 | $ | 1,495.30 | $ | (2,893.5 | ) | $ | 1,532.80 | ||||||
Adjustments to reconcile net earnings to net cash | |||||||||||||||||
provided by (used in) operating activities | |||||||||||||||||
Depreciation, depletion and amortization | — | 47.8 | 362.8 | — | 410.6 | ||||||||||||
Deferred income taxes | — | (21.3 | ) | (13.0 | ) | — | (34.3 | ) | |||||||||
Stock compensation expense | 12.6 | — | — | — | 12.6 | ||||||||||||
Excess tax benefit from stock-based compensation | (13.5 | ) | — | — | — | (13.5 | ) | ||||||||||
Unrealized loss (gain) on derivatives | — | — | (59.3 | ) | — | (59.3 | ) | ||||||||||
Loss (gain) on disposal of property, plant and equipment | — | — | 5.6 | — | 5.6 | ||||||||||||
Undistributed loss (earnings) of affiliates—net | (1,466.4 | ) | (1,427.0 | ) | (11.4 | ) | 2,893.50 | (11.3 | ) | ||||||||
Due to / from affiliates—net | 13.5 | — | (13.5 | ) | — | — | |||||||||||
Changes in: | |||||||||||||||||
Accounts and notes receivable—net | — | (220.8 | ) | (293.4 | ) | 514.6 | 0.4 | ||||||||||
Inventories—net | — | (11.8 | ) | (68.5 | ) | — | (80.3 | ) | |||||||||
Accrued income taxes | (0.9 | ) | 23.6 | (176.1 | ) | — | (153.4 | ) | |||||||||
Accounts and notes payable and accrued expenses | (2.8 | ) | 305.4 | 261.5 | (514.6 | ) | 49.5 | ||||||||||
Customer advances | — | — | (260.1 | ) | — | (260.1 | ) | ||||||||||
Margin deposits | — | — | — | — | — | ||||||||||||
Other—net | — | 3.9 | 63.6 | — | 67.5 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) operating activities | 7.1 | 166.2 | 1,293.50 | — | 1,466.80 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Investing Activities: | |||||||||||||||||
Additions to property, plant and equipment | — | (58.9 | ) | (764.9 | ) | — | (823.8 | ) | |||||||||
Proceeds from sale of property, plant and equipment | — | — | 12.6 | — | 12.6 | ||||||||||||
Sales and maturities of short-term and auction rate securities | — | 13.5 | — | — | 13.5 | ||||||||||||
Canadian terminal acquisition | — | — | (72.5 | ) | — | (72.5 | ) | ||||||||||
Deposits to restricted cash funds | — | — | (154.0 | ) | — | (154.0 | ) | ||||||||||
Deposits to asset retirement obligation funds | — | (2.9 | ) | — | — | (2.9 | ) | ||||||||||
Other—net | — | — | 7.8 | — | 7.8 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) investing activities | — | (48.3 | ) | (971.0 | ) | — | (1,019.3 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Financing Activities: | |||||||||||||||||
Proceeds from long-term borrowings | — | 1,498.00 | — | — | 1,498.00 | ||||||||||||
Financing fees | — | (14.5 | ) | — | — | (14.5 | ) | ||||||||||
Purchase of treasury stock | (1,409.1 | ) | — | — | — | (1,409.1 | ) | ||||||||||
Acquisitions of noncontrolling interests in CFL | — | (364.9 | ) | (553.8 | ) | — | (918.7 | ) | |||||||||
Dividends paid on common stock | (129.1 | ) | (859.0 | ) | (129.0 | ) | 988 | (129.1 | ) | ||||||||
Distributions to/from noncontrolling interest | — | 14.3 | (88.0 | ) | — | (73.7 | ) | ||||||||||
Issuances of common stock under employee stock plans | 10.3 | — | — | — | 10.3 | ||||||||||||
Excess tax benefit from stock-based compensation | 13.5 | — | — | — | 13.5 | ||||||||||||
Dividends to / from affiliates | 859 | 129 | — | (988.0 | ) | — | |||||||||||
Other—net | 648.4 | (941.2 | ) | 335.8 | — | 43 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) financing activities | (7.0 | ) | (538.3 | ) | (435.0 | ) | — | (980.3 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Effect of exchange rate changes on cash and cash equivalents | — | — | (31.3 | ) | — | (31.3 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Increase (decrease) in cash and cash equivalents | 0.1 | (420.4 | ) | (143.8 | ) | — | (564.1 | ) | |||||||||
Cash and cash equivalents at beginning of period | — | 440.8 | 1,834.10 | — | 2,274.90 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash and cash equivalents at end of period | $ | 0.1 | $ | 20.4 | $ | 1,690.30 | $ | — | $ | 1,710.80 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Cash Flows | |||||||||||||||||
Year ended December 31, 2012 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Operating Activities: | |||||||||||||||||
Net earnings | $ | 1,848.70 | $ | 1,851.20 | $ | 874.8 | $ | (2,651.3 | ) | $ | 1,923.40 | ||||||
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities | |||||||||||||||||
Depreciation, depletion and amortization | — | 120.9 | 298.9 | — | 419.8 | ||||||||||||
Deferred income taxes | — | (130.8 | ) | (7.6 | ) | — | (138.4 | ) | |||||||||
Stock compensation expense | 11.2 | — | 0.7 | — | 11.9 | ||||||||||||
Excess tax benefit from stock-based compensation | (36.1 | ) | — | — | — | (36.1 | ) | ||||||||||
Unrealized loss (gain) on derivatives | — | (68.0 | ) | (10.8 | ) | — | (78.8 | ) | |||||||||
Loss (gain) on disposal of property, plant and equipment and non-core assets | — | 2.4 | 3.1 | — | 5.5 | ||||||||||||
— | |||||||||||||||||
Undistributed loss (earnings) of affiliates—net | (1,851.2 | ) | (805.9 | ) | (9.1 | ) | 2,651.30 | (14.9 | ) | ||||||||
Due to / from affiliates—net | 476.7 | (476.4 | ) | (0.3 | ) | — | — | ||||||||||
Changes in: | |||||||||||||||||
Accounts and notes receivable—net | — | (344.6 | ) | (198.9 | ) | 596.7 | 53.2 | ||||||||||
Margin deposits | — | 0.8 | — | — | 0.8 | ||||||||||||
Inventories—net | — | 24.3 | 10.5 | — | 34.8 | ||||||||||||
Accrued income taxes | — | (315.4 | ) | 374.1 | — | 58.7 | |||||||||||
Accounts and notes payable and accrued expenses | — | 597.9 | 24.3 | (596.7 | ) | 25.5 | |||||||||||
Customer advances | — | 63.5 | 59.8 | — | 123.3 | ||||||||||||
Other—net | — | (28.8 | ) | 15.7 | — | (13.1 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) operating activities | 449.3 | 491.1 | 1,435.20 | — | 2,375.60 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Investing Activities: | |||||||||||||||||
Additions to property, plant and equipment | — | (339.9 | ) | (183.6 | ) | — | (523.5 | ) | |||||||||
Proceeds from sale of property, plant and equipment and non-core assets | — | 12.3 | 4.7 | — | 17 | ||||||||||||
Sales and maturities of short-term and auction rate securities | — | 48.4 | — | — | 48.4 | ||||||||||||
Deposits to asset retirement funds | — | (55.4 | ) | — | — | (55.4 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) investing activities | — | (334.6 | ) | (178.9 | ) | — | (513.5 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Financing Activities: | |||||||||||||||||
Payments of long-term debt | — | — | (13.0 | ) | — | (13.0 | ) | ||||||||||
Advances from unconsolidated affiliates | — | — | 40.5 | — | 40.5 | ||||||||||||
Repayments of advances from unconsolidated affiliates            | — | — | (40.5 | ) | — | (40.5 | ) | ||||||||||
Dividends paid on common stock | (102.7 | ) | — | — | — | (102.7 | ) | ||||||||||
Dividends to / from affiliates | 102.7 | (102.7 | ) | — | — | — | |||||||||||
Distributions to/from noncontrolling interest | — | 300.5 | (532.3 | ) | — | (231.8 | ) | ||||||||||
Purchase of treasury stock | (500.0 | ) | — | — | — | (500.0 | ) | ||||||||||
Issuances of common stock under employee stock plans | 14.6 | — | — | — | 14.6 | ||||||||||||
Excess tax benefit from stock-based compensation | 36.1 | — | — | — | 36.1 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) financing activities | (449.3 | ) | 197.8 | (545.3 | ) | — | (796.8 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Effect of exchange rate changes on cash and cash equivalents | — | (12.2 | ) | 14.8 | — | 2.6 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Increase in cash and cash equivalents | — | 342.1 | 725.8 | — | 1,067.90 | ||||||||||||
Cash and cash equivalents at beginning of period | — | 98.7 | 1,108.30 | — | 1,207.00 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash and cash equivalents at end of period | $ | — | $ | 440.8 | $ | 1,834.10 | $ | — | $ | 2,274.90 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Condensed, Consolidating Statement of Cash Flows | |||||||||||||||||
Year ended December 31, 2011 | |||||||||||||||||
Parent | CFI | Other | Eliminations | Consolidated | |||||||||||||
Subsidiaries | |||||||||||||||||
(in millions) | |||||||||||||||||
Operating Activities: | |||||||||||||||||
Net earnings | $ | 1,539.20 | $ | 1,541.50 | $ | 1,141.90 | $ | (2,461.6 | ) | $ | 1,761.00 | ||||||
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities | |||||||||||||||||
Depreciation, depletion and amortization | — | 133.9 | 282.3 | — | 416.2 | ||||||||||||
Deferred income taxes | 2.2 | (65.6 | ) | 30.5 | — | (32.9 | ) | ||||||||||
Stock compensation expense | 9.8 | — | 0.8 | — | 10.6 | ||||||||||||
Excess tax benefit from stock-based compensation | (47.2 | ) | — | — | — | (47.2 | ) | ||||||||||
Unrealized loss (gain) on derivatives | — | 66.5 | 10.8 | — | 77.3 | ||||||||||||
Loss (gain) on disposal of property, plant and equipment and non-core assets | — | (31.9 | ) | 40.7 | — | 8.8 | |||||||||||
Undistributed loss (earnings) of affiliates—net | (1,541.5 | ) | (915.0 | ) | (18.6 | ) | 2,461.60 | (13.5 | ) | ||||||||
Due to / from affiliates—net | 975.3 | (975.5 | ) | 0.2 | — | — | |||||||||||
Changes in: | |||||||||||||||||
Accounts and notes receivable—net | — | 601.4 | (489.4 | ) | (147.5 | ) | (35.5 | ) | |||||||||
Margin deposits | — | 2.6 | (1.2 | ) | — | 1.4 | |||||||||||
Inventories—net | — | (36.0 | ) | (2.5 | ) | — | (38.5 | ) | |||||||||
Accrued income taxes | — | (237.9 | ) | 339.5 | — | 101.6 | |||||||||||
Accounts and notes payable and accrued expenses | — | 337.5 | (479.8 | ) | 147.5 | 5.2 | |||||||||||
Customer advances | — | (101.1 | ) | (73.2 | ) | — | (174.3 | ) | |||||||||
Other—net | (0.3 | ) | 5.6 | 33.4 | — | 38.7 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) operating activities | 937.5 | 326 | 815.4 | — | 2,078.90 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Investing Activities: | |||||||||||||||||
Additions to property, plant and equipment | — | (139.9 | ) | (107.3 | ) | — | (247.2 | ) | |||||||||
Proceeds from sale of property, plant and equipment and non-core assets | — | 51.9 | 2.8 | — | 54.7 | ||||||||||||
Sales and maturities of short-term and auction rate securities | — | 34.8 | 3.1 | — | 37.9 | ||||||||||||
Deposits to asset retirement obligation funds | — | (50.4 | ) | — | — | (50.4 | ) | ||||||||||
Other—net | — | — | 31.2 | — | 31.2 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) investing activities | — | (103.6 | ) | (70.2 | ) | — | (173.8 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Financing Activities: | |||||||||||||||||
Payments on long-term debt | — | (346.0 | ) | — | — | (346.0 | ) | ||||||||||
Financing fees | — | (1.5 | ) | — | — | (1.5 | ) | ||||||||||
Purchase of treasury stock | (1,000.2 | ) | — | — | — | (1,000.2 | ) | ||||||||||
Dividends paid on common stock | (68.7 | ) | — | — | — | (68.7 | ) | ||||||||||
Dividends to / from affiliates | 68.7 | (68.7 | ) | — | — | — | |||||||||||
Distributions to / from noncontrolling interest | — | 153 | (298.7 | ) | — | (145.7 | ) | ||||||||||
Issuances of common stock under employee stock plans | 15.5 | — | — | — | 15.5 | ||||||||||||
Excess tax benefit from stock-based compensation | 47.2 | — | — | — | 47.2 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) financing activities | (937.5 | ) | (263.2 | ) | (298.7 | ) | — | (1,499.4 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Effect of exchange rate changes on cash and cash equivalents | — | 3.3 | 0.3 | — | 3.6 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Increase (decrease) in cash and cash equivalents | — | (37.5 | ) | 446.8 | — | 409.3 | |||||||||||
Cash and cash equivalents at beginning of period | — | 136.2 | 661.5 | — | 797.7 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash and cash equivalents at end of period | $ | — | $ | 98.7 | $ | 1,108.30 | $ | — | $ | 1,207.00 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Background_and_Basis_of_Presen1
Background and Basis of Presentation (Details) (USD $) | 12 Months Ended | 0 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Oct. 02, 2013 | Oct. 02, 2013 | Oct. 02, 2013 | Oct. 02, 2013 | Oct. 03, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
item | TNCLP | Mosaic | Mosaic | Mosaic | Mosaic | Mosaic | KEYTRADE AG | GrowHow | Point Lisas Nitrogen Limited (PLNL) | Terra | |
Ammonia | Ammonia | Ammonia | Ammonia | Phosphate mining and manufacturing business | TNCLP | ||||||
item | First agreement | First agreement | Second agreement | ||||||||
Minimum | Maximum | T | |||||||||
T | T | ||||||||||
Background and Basis of Presentation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of business segments | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal nitrogen segment assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of nitrogen fertilizer manufacturing facilities | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership interest (as a percent) | ' | ' | ' | ' | ' | ' | ' | 50.00% | 50.00% | ' | ' |
Ownership interest (as a percent) | ' | 75.30% | ' | ' | ' | ' | ' | ' | ' | 50.00% | 75.30% |
Cash consideration | ' | ' | ' | ' | ' | ' | $1,400 | ' | ' | ' | ' |
Number of supply agreements | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' |
Quantity of product to be supplied per year under the long-term agreement (in tons) | ' | ' | ' | 600,000 | 800,000 | 300,000 | ' | ' | ' | ' | ' |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Cash and Cash Equivalents | ' |
Maximum original maturity period of highly liquid debt instruments to be considered as cash equivalents | '3 months |
TNCLP | ' |
Consolidation and Noncontrolling Interest | ' |
Percentage of aggregate ownership held by entity through general and limited partnership | 75.30% |
Percentage of ownership interest held by outside investors | 24.70% |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Details 2) | Dec. 31, 2013 |
KEYTRADE AG | ' |
Investments in and Advances to Unconsolidated Affiliates | ' |
Ownership interest (as a percent) | 50.00% |
GrowHow | ' |
Investments in and Advances to Unconsolidated Affiliates | ' |
Ownership interest (as a percent) | 50.00% |
Operating Equity Method Investments | Point Lisas Nitrogen Limited (PLNL) | ' |
Investments in and Advances to Unconsolidated Affiliates | ' |
Ownership interest (as a percent) | 50.00% |
Operating Equity Method Investments | Ammonia storage joint venture | ' |
Investments in and Advances to Unconsolidated Affiliates | ' |
Ownership interest (as a percent) | 50.00% |
Non-Operating Equity Method Investments | KEYTRADE AG | ' |
Investments in and Advances to Unconsolidated Affiliates | ' |
Ownership interest (as a percent) | 50.00% |
Non-Operating Equity Method Investments | GrowHow | ' |
Investments in and Advances to Unconsolidated Affiliates | ' |
Ownership interest (as a percent) | 50.00% |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies (Details 3) | 12 Months Ended |
Dec. 31, 2013 | |
Depreciable lives | ' |
Turnaround period | '5 years |
Mobile and office equipment | Minimum | ' |
Depreciable lives | ' |
Depreciable life | '3 years |
Mobile and office equipment | Maximum | ' |
Depreciable lives | ' |
Depreciable life | '12 years |
Production facilities and related assets | Minimum | ' |
Depreciable lives | ' |
Depreciable life | '3 years |
Production facilities and related assets | Maximum | ' |
Depreciable lives | ' |
Depreciable life | '25 years |
Mining assets and phosphogypsum stacks | ' |
Depreciable lives | ' |
Depreciable life | '20 years |
Land improvements | Minimum | ' |
Depreciable lives | ' |
Depreciable life | '10 years |
Land improvements | Maximum | ' |
Depreciable lives | ' |
Depreciable life | '20 years |
Buildings | Minimum | ' |
Depreciable lives | ' |
Depreciable life | '10 years |
Buildings | Maximum | ' |
Depreciable lives | ' |
Depreciable life | '45 years |
Summary_of_Significant_Account6
Summary of Significant Accounting Policies (Details 4) | 12 Months Ended |
Dec. 31, 2013 | |
Customer relationships | ' |
Intangibles assets | ' |
Amortization period | '18 years |
Trademarks | ' |
Intangibles assets | ' |
Amortization period | '10 years |
Summary_of_Significant_Account7
Summary of Significant Accounting Policies (Details 5) (Mosaic, USD $) | 0 Months Ended | |
In Millions, unless otherwise specified | Oct. 02, 2013 | Oct. 03, 2013 |
Ammonia | CF Industries' phosphate mining and manufacturing business | |
item | ||
Assets and Liabilities Held for Sale | ' | ' |
Cash consideration | ' | $1,400 |
Number of supply agreements | 2 | ' |
Noncontrolling_Interests_Detai
Noncontrolling Interests (Details) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 30, 2013 | Dec. 31, 2013 | Apr. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Apr. 30, 2013 | Apr. 30, 2013 | Apr. 30, 2013 | Apr. 30, 2013 | Apr. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
USD ($) | USD ($) | USD ($) | USD ($) | TNCLP | TNCLP | TNCLP | TNCLP | TNCLP | TNCLP | Viterra Inc | Viterra Inc | CFL | CFL | CFL | CFL | CFL | CFL | CFL | CFL | CFL | CFL | CFL | CFL | CFL | CFL | |
USD ($) | USD ($) | USD ($) | USD ($) | Minimum | Maximum | USD ($) | USD ($) | CAD | item | USD ($) | USD ($) | USD ($) | USD ($) | CF Industries | CF Industries | CF Industries | Viterra Inc | Viterra Inc | Viterra Inc | Viterra Inc | Growmark and La Coop Federee | |||||
Common Stock | Nonvoting preferred shares | Maximum | Common Stock | Common Stock | Nonvoting preferred shares | Common Stock | ||||||||||||||||||||
Noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of world-scale ammonia plants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reporting entity's ownership interest in VIE (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49.00% | 66.00% | ' | ' | ' | ' | ' |
Percentage of ammonia and urea production purchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66.00% | ' | ' | ' | ' | ' | ' | ' |
Percentage of ammonia and urea production for which there is a right to purchase prior to acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34.00% | ' | ' | ' | ' |
Third Party's ownership interest in VIE (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34.00% | 34.00% | 34.00% | 17.00% |
Percentage of the facility's ammonia and granular urea production | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts and notes receivable - net | $230,900,000 | $217,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interest | 362,300,000 | 380,000,000 | 385,900,000 | 383,000,000 | 362,300,000 | 362,600,000 | 369,200,000 | 365,600,000 | ' | ' | 0 | 5,300,000 | ' | ' | ' | 17,400,000 | 16,700,000 | 17,400,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of aggregate ownership held by entity through general and limited partnership | ' | ' | ' | ' | 75.30% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of ownership interest held by outside investors | ' | ' | ' | ' | 24.70% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total purchase price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 900,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reduction in paid in capital | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 800,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred tax asset | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings attributable to general partnership interest in excess of the threshold levels | ' | ' | ' | ' | $200,600,000 | $234,000,000 | $214,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of ownership allowing majority owner to acquire outstanding units | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notice period for making decision to purchase the outstanding units | ' | ' | ' | ' | ' | ' | ' | ' | '30 days | '60 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average trading days for which purchase price is greater | ' | ' | ' | ' | '20 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of days before announcing purchase price | ' | ' | ' | ' | '5 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Period within which highest price is paid for any unit preceding the date of purchase is announced | ' | ' | ' | ' | '90 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling_Interests_Detai1
Noncontrolling Interests (Details 2) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Noncontrolling interest | ' | ' | ' |
Balance at the beginning of the period | $380 | $385.90 | $383 |
Earnings attributable to noncontrolling interest | 68.2 | 74.7 | 221.8 |
Declaration of distribution payable | -68.5 | -83.1 | -213.9 |
Acquisitions of noncontrolling interest in CFL | -769.3 | ' | ' |
Effect of exchange rates changes | -0.6 | 2.5 | -5 |
Balance at the end of the period | 362.3 | 380 | 385.9 |
Distributions payable to noncontrolling interest: | ' | ' | ' |
Distribution payable to noncontrolling interest, balance at the beginning of the period | 5.3 | 149.7 | 78 |
Declaration of distributions payable | 68.5 | 83.1 | 213.9 |
Distributions to noncontrolling interest | -73.7 | -231.8 | -145.7 |
Effect of exchange rate changes | -0.1 | 4.3 | 3.5 |
Distribution payable to noncontrolling interest, balance at the end of the period | ' | 5.3 | 149.7 |
CFL | ' | ' | ' |
Noncontrolling interest | ' | ' | ' |
Balance at the beginning of the period | 17.4 | 16.7 | 17.4 |
Earnings attributable to noncontrolling interest | 2.3 | 3.5 | 154 |
Declaration of distribution payable | -2.3 | -5.3 | -149.7 |
Acquisitions of noncontrolling interest in CFL | -16.8 | ' | ' |
Effect of exchange rates changes | -0.6 | 2.5 | -5 |
Balance at the end of the period | ' | 17.4 | 16.7 |
Distributions payable to noncontrolling interest: | ' | ' | ' |
Distribution payable to noncontrolling interest, balance at the beginning of the period | 5.3 | 149.7 | 78 |
Declaration of distributions payable | 2.3 | 5.3 | 149.7 |
Distributions to noncontrolling interest | -7.5 | -154 | -81.5 |
Effect of exchange rate changes | -0.1 | 4.3 | 3.5 |
Distribution payable to noncontrolling interest, balance at the end of the period | ' | 5.3 | 149.7 |
TNCLP | ' | ' | ' |
Noncontrolling interest | ' | ' | ' |
Balance at the beginning of the period | 362.6 | 369.2 | 365.6 |
Earnings attributable to noncontrolling interest | 65.9 | 71.2 | 67.8 |
Declaration of distribution payable | -66.2 | -77.8 | -64.2 |
Balance at the end of the period | 362.3 | 362.6 | 369.2 |
Distributions payable to noncontrolling interest: | ' | ' | ' |
Declaration of distributions payable | 66.2 | 77.8 | 64.2 |
Distributions to noncontrolling interest | ($66.20) | ($77.80) | ($64.20) |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Investment | ' | ' |
Cash | $148.90 | $106 |
Cash and cash equivalents, adjusted cost | 1,710.80 | 2,274.90 |
Cash and cash equivalents, fair value | 1,710.80 | 2,274.90 |
Restricted Cash, adjusted cost | 154 | ' |
Restricted Cash, fair Value | 154 | ' |
U.S. and Canadian government obligation | ' | ' |
Investment | ' | ' |
Cash and cash equivalents, adjusted cost | 1,491.10 | 1,996.90 |
Cash and cash equivalents, fair value | 1,491.10 | 1,996.90 |
Other debt securities | ' | ' |
Investment | ' | ' |
Cash and cash equivalents, adjusted cost | 70.8 | 172 |
Cash and cash equivalents, fair value | 70.8 | 172 |
Auction rate securities | ' | ' |
Investment | ' | ' |
Available-for-sale securities, adjusted cost | ' | 27.3 |
Available-for-sale securities, unrealized losses | ' | -1.3 |
Available-for-sale securities, fair value | ' | 26 |
Asset retirement obligation funds | ' | ' |
Investment | ' | ' |
Available-for-sale securities, adjusted cost | 203.7 | 200.8 |
Available-for-sale securities, fair value | 203.7 | 200.8 |
Nonqualified employee benefit trusts | ' | ' |
Investment | ' | ' |
Available-for-sale securities, adjusted cost | ' | 21.2 |
Available-for-sale securities, unrealized gains | ' | 0.8 |
Available-for-sale securities, fair value | ' | $22 |
Fair_Value_Measurements_Detail1
Fair Value Measurements (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Assets and liabilities measured at fair value on a recurring basis | ' | ' |
Cash and cash equivalents | $1,710.80 | $2,274.90 |
Restricted cash | 154 | ' |
Unrealized gains on derivative instruments | 72.7 | 10.1 |
Asset retirement obligation funds | ' | 200.8 |
Investments in auction rate securities | 13.1 | 26 |
Unrealized losses on derivative instruments | 0.2 | 5.6 |
Carrying value of long-term debt, including current portion | 3,098.10 | 1,600 |
Fair value of long-term debt, including current portion | 3,276.70 | 1,979.40 |
Recurring basis | Quoted Prices in Active Markets (Level 1) | ' | ' |
Assets and liabilities measured at fair value on a recurring basis | ' | ' |
Cash and cash equivalents | 1,710.80 | 2,274.90 |
Restricted cash | 154 | ' |
Asset retirement obligation funds | 203.7 | 200.8 |
Nonqualified employee benefit trusts | ' | 22 |
Total assets at fair value | 2,068.50 | 2,497.70 |
Recurring basis | Significant Other Observable Inputs (Level 2) | ' | ' |
Assets and liabilities measured at fair value on a recurring basis | ' | ' |
Unrealized gains on derivative instruments | 74.3 | 17.3 |
Total assets at fair value | 74.3 | 17.3 |
Unrealized losses on derivative instruments | 0.2 | 5.6 |
Total liabilities at fair value | 0.2 | 5.6 |
Recurring basis | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets and liabilities measured at fair value on a recurring basis | ' | ' |
Investments in auction rate securities | ' | 26 |
Total assets at fair value | ' | 26 |
Recurring basis | Total Fair Value | ' | ' |
Assets and liabilities measured at fair value on a recurring basis | ' | ' |
Cash and cash equivalents | 1,710.80 | 2,274.90 |
Restricted cash | 154 | ' |
Unrealized gains on derivative instruments | 74.3 | 17.3 |
Asset retirement obligation funds | 203.7 | 200.8 |
Investments in auction rate securities | ' | 26 |
Nonqualified employee benefit trusts | ' | 22 |
Total assets at fair value | 2,142.80 | 2,541 |
Unrealized losses on derivative instruments | 0.2 | 5.6 |
Total liabilities at fair value | $0.20 | $5.60 |
Net_Earnings_Per_Share_Details
Net Earnings Per Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net Earnings Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings (loss) attributable to common stockholders | $325.80 | $234.10 | $498.20 | $406.50 | $470.70 | $403.30 | $606.30 | $368.40 | $1,464.60 | $1,848.70 | $1,539.20 |
Basic earnings per common share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 58.9 | 63.9 | 69.4 |
Net earnings attributable to common stockholders basic (in dollars per share) | $5.73 | $4.09 | $8.43 | $6.53 | $7.48 | $6.43 | $9.42 | $5.62 | $24.87 | $28.94 | $22.18 |
Diluted earnings per common share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 58.9 | 63.9 | 69.4 |
Dilutive common shares - stock options | ' | ' | ' | ' | ' | ' | ' | ' | 0.3 | 0.8 | 0.6 |
Diluted weighted average shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 59.2 | 64.7 | 70 |
Net earnings attributable to common stockholders diluted (in dollars per share) | $5.71 | $4.07 | $8.38 | $6.47 | $7.40 | $6.35 | $9.31 | $5.54 | $24.74 | $28.59 | $21.98 |
Pension_and_Other_Postretireme2
Pension and Other Postretirement Benefits (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
item | |||
Change in plan assets | ' | ' | ' |
Fair value of plan assets at the beginning of the period | $719.90 | ' | ' |
Funding contributions | 7 | 20.1 | ' |
Fair value of plan assets at the end of the period | 700.7 | 719.9 | ' |
Change in benefit obligation | ' | ' | ' |
Benefit obligation at the beginning of the period | -832.4 | ' | ' |
Benefit obligation at the end of the period | -768.6 | -832.4 | ' |
Pension Plans | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Number of funded plans | 3 | ' | ' |
Change in plan assets | ' | ' | ' |
Fair value of plan assets at the beginning of the period | 719.9 | 653.4 | ' |
Return on plan assets | 16.3 | 76.5 | ' |
Funding contributions | 7 | 20.1 | ' |
Benefit payments | -34.4 | -33.3 | ' |
Foreign currency translation | -8.1 | 3.2 | ' |
Fair value of plan assets at the end of the period | 700.7 | 719.9 | 653.4 |
Change in benefit obligation | ' | ' | ' |
Benefit obligation at the beginning of the period | -832.4 | -763.3 | ' |
Service cost | -17.8 | -12.4 | -11.3 |
Interest cost | -32.8 | -34.4 | -35.8 |
Benefit payments | 34.4 | 33.3 | ' |
Foreign currency translation | 8.6 | -3.3 | ' |
Change in assumptions and other | 71.4 | -52.3 | ' |
Benefit obligation at the end of the period | -768.6 | -832.4 | -763.3 |
Funded status as of year end | -67.9 | -112.5 | ' |
Amounts recognized in the consolidated balance sheets | ' | ' | ' |
Other noncurrent asset | 4.7 | 0.4 | ' |
Other noncurrent liability | -72.6 | -112.9 | ' |
Amounts recognized in the consolidated balance sheets, total | -67.9 | -112.5 | ' |
U.S plan | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Number of funded plans | 1 | ' | ' |
Canadian plan | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Number of funded plans | 2 | ' | ' |
Number of funded plans closed to new employees | 1 | ' | ' |
Retiree Medical | ' | ' | ' |
Change in plan assets | ' | ' | ' |
Benefit payments | -4.8 | -5.1 | ' |
Change in benefit obligation | ' | ' | ' |
Benefit obligation at the beginning of the period | -69.6 | -92.8 | ' |
Curtailment | ' | 24.3 | ' |
Service cost | -0.3 | -2.1 | -2.7 |
Interest cost | -2.4 | -3.3 | -4.3 |
Benefit payments | 4.8 | 5.1 | ' |
Foreign currency translation | 0.3 | -0.1 | ' |
Change in assumptions and other | 0.9 | -0.7 | ' |
Benefit obligation at the end of the period | -66.3 | -69.6 | -92.8 |
Funded status as of year end | -66.3 | -69.6 | ' |
Amounts recognized in the consolidated balance sheets | ' | ' | ' |
Accrued expenses | -5 | -4.9 | ' |
Other noncurrent liability | -61.3 | -64.7 | ' |
Amounts recognized in the consolidated balance sheets, total | ($66.30) | ($69.60) | ' |
Pension_and_Other_Postretireme3
Pension and Other Postretirement Benefits (Details 2) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Jan. 02, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pension Plans | Pension Plans | Pension Plans | Pension Plans | CF U.S. Plan | CF U.S. Plan | Terra U.S. Plan | CF Canadian Plan | CF Canadian Plan | Terra Canadian Plan | Terra Canadian Plan | Retiree Medical | Retiree Medical | Retiree Medical | Retiree Medical | |||
Pre-tax amounts recognized in accumulated other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Prior service cost | ' | ' | ' | $1.50 | $1.80 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.30 | $0.40 | ' |
Net actuarial loss | ' | ' | ' | 58.2 | 126.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.4 | 10.9 | ' |
Pre-tax amounts recognized in accumulated other comprehensive loss, total | ' | ' | ' | 59.7 | 128 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.7 | 11.3 | ' |
Net periodic benefit cost and other amounts recognized in accumulated other comprehensive loss: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Service cost for benefits earned during the period | ' | ' | ' | 17.8 | 12.4 | 11.3 | ' | ' | ' | ' | ' | ' | ' | ' | 0.3 | 2.1 | 2.7 |
Interest cost on projected benefit obligation | ' | ' | ' | 32.8 | 34.4 | 35.8 | ' | ' | ' | ' | ' | ' | ' | ' | 2.4 | 3.3 | 4.3 |
Expected return on plan assets | ' | ' | ' | -32.6 | -34.6 | -35.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Curtailment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -10.9 | ' |
Amortization of transition obligation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.3 | 0.4 |
Amortization of prior service cost | ' | ' | ' | 0.2 | 0.1 | 0.1 | ' | ' | ' | ' | ' | ' | ' | ' | 0.1 | 0.1 | ' |
Amortization of actuarial loss | ' | ' | ' | 10.5 | 9.8 | 6 | ' | ' | ' | ' | ' | ' | ' | ' | 0.6 | 0.6 | 0.9 |
Net periodic benefit cost (income) | 28.7 | 22.1 | ' | 28.7 | 22.1 | 18.1 | 23.6 | 16.3 | 3.1 | 5 | 2.7 | 0.1 | ' | ' | 3.4 | -4.5 | 8.3 |
Net actuarial loss (gain) | ' | ' | ' | -45.4 | 9.1 | 36.1 | ' | ' | ' | ' | ' | ' | ' | ' | -0.9 | -12.7 | 6.2 |
Prior service cost | ' | ' | ' | ' | 1.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.4 |
Amortization of transition obligation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -0.3 | -0.4 |
Amortization of prior service cost | ' | ' | ' | -0.2 | -0.1 | -0.1 | ' | ' | ' | ' | ' | ' | ' | ' | -0.1 | -0.1 | ' |
Amortization of actuarial loss | ' | ' | ' | -10.5 | -9.8 | -6 | ' | ' | ' | ' | ' | ' | ' | ' | -0.6 | -0.5 | -1 |
Total recognized in accumulated other comprehensive loss | ' | ' | ' | -56.1 | 0.9 | 30 | ' | ' | ' | ' | ' | ' | ' | 13.4 | -1.6 | -13.6 | 5.2 |
Total recognized in net periodic benefit cost and accumulated other comprehensive loss | ' | ' | ' | -27.4 | 23 | 48.1 | ' | ' | ' | ' | ' | ' | ' | ' | 1.8 | -18.1 | 13.5 |
Reduction in certain retiree medical benefits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24.3 | ' |
Reduction in certain retiree medical benefits recognized in net periodic benefit plan cost (income) recorded in cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.6 | ' |
Reduction in certain retiree medical benefits recognized in net periodic benefit plan cost (income) recorded in selling, general and administrative expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.3 | ' |
Amounts that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2014: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Prior service cost | ' | ' | ' | 0.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net actuarial loss | ' | ' | ' | 1.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.4 | ' | ' |
Benefit obligation and fair value of plan assets by pension plans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets | 700.7 | 719.9 | ' | 700.7 | 719.9 | 653.4 | 579 | 293.6 | 308.4 | 50 | 45 | 71.7 | 72.9 | ' | ' | ' | ' |
Benefit obligation | -768.6 | -832.4 | ' | -768.6 | -832.4 | -763.3 | -645.7 | -363 | -340.2 | -55.9 | -56.7 | -67 | -72.5 | ' | -66.3 | -69.6 | -92.8 |
Accumulated benefit obligation | -706.3 | -755.1 | ' | ' | ' | ' | -597 | -315.8 | -326.3 | -44.1 | -43.3 | -65.2 | -69.7 | ' | ' | ' | ' |
Net periodic benefit cost | 28.7 | 22.1 | ' | 28.7 | 22.1 | 18.1 | 23.6 | 16.3 | 3.1 | 5 | 2.7 | 0.1 | ' | ' | 3.4 | -4.5 | 8.3 |
Funding contributions | 7 | 20.1 | ' | 7 | 20.1 | ' | ' | 9.3 | 3.3 | 5 | 4.9 | 2 | 2.6 | ' | ' | ' | ' |
Consolidated pension funding contributions for 2014 | ' | ' | ' | 21.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected future pension and retiree medical benefit payments: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2014 | ' | ' | ' | 37.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' | ' |
2015 | ' | ' | ' | 39.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.4 | ' | ' |
2016 | ' | ' | ' | 41.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.6 | ' | ' |
2017 | ' | ' | ' | 43.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.9 | ' | ' |
2018 | ' | ' | ' | 46.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.2 | ' | ' |
5 years thereafter | ' | ' | ' | $261.60 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $26.90 | ' | ' |
Assumptions used in determining the benefit obligations and expense: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average discount rate - obligation (as a percent) | ' | ' | ' | 4.80% | 4.00% | 4.60% | ' | ' | ' | ' | ' | ' | ' | ' | 4.20% | 3.30% | 4.30% |
Weighted average discount rate - expense (as a percent) | ' | ' | ' | 4.00% | 4.60% | 5.40% | ' | ' | ' | ' | ' | ' | ' | ' | 3.30% | 4.30% | 5.10% |
Weighted average rate of increase in future compensation (as a percent) | ' | ' | ' | 3.90% | 4.00% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average expected long-term rate of return on assets-expense (as a percent) | ' | ' | 5.50% | 5.10% | 5.70% | 6.10% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Health care cost trend rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Health care cost trend rate (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.50% | 8.00% | ' |
Rate to which the cost trend rate is assumed to grade down (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | 5.00% | ' |
Effect of one-percentage point change on the assumed health care cost trend rate: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effect of one-percentage-point increase on total of service and interest cost components for 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11.00% | ' | ' |
Effect of one-percentage-point decrease on total of service and interest cost components for 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9.00% | ' | ' |
Effect of one-percentage-point increase on benefit obligation at the end of the period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' |
Effect of one-percentage-point decrease on benefit obligation at the end of the period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -8.00% | ' | ' |
Current target asset allocation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-equity (as a percent) | ' | ' | ' | ' | ' | ' | 80.00% | ' | ' | 60.00% | ' | 75.00% | ' | ' | ' | ' | ' |
Equity (as a percent) | ' | ' | ' | ' | ' | ' | 20.00% | ' | ' | 40.00% | ' | 25.00% | ' | ' | ' | ' | ' |
Pension_and_Other_Postretireme4
Pension and Other Postretirement Benefits (Details 3) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Millions, unless otherwise specified | |||
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | $700.70 | $719.90 | ' |
Pension Plans | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Fair value of plan assets | 698 | 731.9 | ' |
Accruals and payables-net | 2.7 | -12 | ' |
Total assets | 700.7 | 719.9 | 653.4 |
Pension Plans | Cash and cash equivalents | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 7.7 | 14.6 | ' |
Pension Plans | Equity mutual funds: Index equity | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 118.7 | 117.7 | ' |
Pension Plans | Equity mutual funds: Pooled equity | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 41 | 37.9 | ' |
Pension Plans | Fixed income: U.S.Treasury bonds and notes | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 16.7 | 18.3 | ' |
Pension Plans | Fixed income: Mutual funds | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 79.9 | 82.5 | ' |
Pension Plans | Fixed income: Corporate bonds and notes | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 383.3 | 399.8 | ' |
Pension Plans | Fixed income: Government and agency securities | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 48.6 | 58.6 | ' |
Pension Plans | Fixed income: Other | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 2.1 | 2.5 | ' |
Pension Plans | Quoted Prices in Active Markets (Level 1) | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Fair value of plan assets | 143.1 | 150.6 | ' |
Pension Plans | Quoted Prices in Active Markets (Level 1) | Cash and cash equivalents | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 7.7 | 14.6 | ' |
Pension Plans | Quoted Prices in Active Markets (Level 1) | Equity mutual funds: Index equity | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 118.7 | 117.7 | ' |
Pension Plans | Quoted Prices in Active Markets (Level 1) | Fixed income: U.S.Treasury bonds and notes | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 16.7 | 18.3 | ' |
Pension Plans | Significant Other Observable Inputs (Level 2) | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Fair value of plan assets | 554.9 | 581.3 | ' |
Pension Plans | Significant Other Observable Inputs (Level 2) | Equity mutual funds: Pooled equity | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 41 | 37.9 | ' |
Pension Plans | Significant Other Observable Inputs (Level 2) | Fixed income: Mutual funds | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 79.9 | 82.5 | ' |
Pension Plans | Significant Other Observable Inputs (Level 2) | Fixed income: Corporate bonds and notes | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 383.3 | 399.8 | ' |
Pension Plans | Significant Other Observable Inputs (Level 2) | Fixed income: Government and agency securities | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | 48.6 | 58.6 | ' |
Pension Plans | Significant Other Observable Inputs (Level 2) | Fixed income: Other | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Total assets | $2.10 | $2.50 | ' |
Pension_and_Other_Postretireme5
Pension and Other Postretirement Benefits (Details 4) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pension and Other Postretirement Benefits | ' | ' | ' |
Employer contribution | $13.10 | $14.20 | $11.80 |
Expense recognized for incentive plan for legacy Terra employees | 36.6 | 35.9 | 26.2 |
Nonqualified supplemental pension plan | ' | ' | ' |
Pension and Other Postretirement Benefits | ' | ' | ' |
Other noncurrent liability | 17.2 | 19.7 | ' |
Expenses recognized | 2 | 1.7 | 1.6 |
Accrued expenses | $6.90 | $2.50 | ' |
Other_OperatingNet_Details
Other Operating-Net (Details) (USD $) | 1 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Feb. 28, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
item | ||||
Other Operating-Net | ' | ' | ' | ' |
Loss (gain) on disposal of property, plant and equipment and non-core assets | ' | $5.60 | $5.50 | $7.50 |
Expansion project | ' | 10.8 | ' | ' |
Gain on currency derivatives | ' | -20.8 | -8.1 | ' |
Engineering studies | ' | ' | 21.9 | ' |
Closed facilities costs | ' | 4 | 13.3 | 8.1 |
Other | ' | -15.4 | 16.5 | 5.3 |
Other operating-Net | ' | -15.8 | 49.1 | 20.9 |
Non-cash impairment charge | ' | ' | ' | $34.80 |
Number of dry product warehouses sold | 4 | ' | ' | ' |
Interest_Expense_Details
Interest Expense (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest Expense | ' | ' | ' |
Interest on borrowings | $150.60 | $112.20 | $113.90 |
Fees on financing agreements | 15.4 | 32.1 | 40.3 |
Interest on tax liabilities | 12.9 | 1.4 | 3.1 |
Interest capitalized and other | -26.7 | -10.4 | -10.1 |
Total interest expense | 152.2 | 135.3 | 147.2 |
Accelerated amortization of debt issuance costs | ' | $15.20 | $19.90 |
Asset_Retirement_Obligations_D
Asset Retirement Obligations (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Changes in AROs | ' | ' | ' |
Obligation at beginning of the period | $145 | $131.60 | $119.80 |
Accretion expense | 10.3 | 9.8 | 9.4 |
Liabilities incurred | 2.5 | 13.4 | 2.4 |
Expenditures | -4.2 | -6.2 | -6 |
Changes in estimates | 13 | -3.6 | 6 |
Obligation at end of the period | 166.6 | 145 | 131.6 |
Change of estimate recorded as an increase to property, plant and equipment | 14.6 | -6.5 | -0.6 |
Change of estimate charged to cost of sales | -1.6 | 2.9 | 6.6 |
Expected deposits to be made into the escrow account for the benefit of the FDEP | 1 | ' | ' |
Total balance in ARO trust | 203.7 | 200.8 | ' |
Unrecorded AROs | 53 | ' | ' |
Phospho-gypsum Stack Costs | ' | ' | ' |
Changes in AROs | ' | ' | ' |
Obligation at beginning of the period | 70.1 | 54.9 | 52.1 |
Accretion expense | 4.7 | 4.1 | 3.9 |
Liabilities incurred | ' | 12.5 | ' |
Expenditures | -0.6 | -1.5 | -2.8 |
Changes in estimates | 4.7 | 0.1 | 1.7 |
Obligation at end of the period | 78.9 | 70.1 | 54.9 |
Mine Reclamation Costs | ' | ' | ' |
Changes in AROs | ' | ' | ' |
Obligation at beginning of the period | 66.7 | 67.6 | 61.3 |
Accretion expense | 5.2 | 5.3 | 5.1 |
Liabilities incurred | 2.5 | 0.9 | 2.4 |
Expenditures | -2.3 | -3.3 | -2.7 |
Changes in estimates | 9.3 | -3.8 | 1.5 |
Obligation at end of the period | 81.4 | 66.7 | 67.6 |
Other AROs | ' | ' | ' |
Changes in AROs | ' | ' | ' |
Obligation at beginning of the period | 8.2 | 9.1 | 6.4 |
Accretion expense | 0.4 | 0.4 | 0.4 |
Expenditures | -1.3 | -1.4 | -0.5 |
Changes in estimates | -1 | 0.1 | 2.8 |
Obligation at end of the period | $6.30 | $8.20 | $9.10 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Components of earnings before income taxes and equity in earnings of non-operating affiliates | ' | ' | ' |
Domestic | $2,155.40 | $2,629 | $2,502 |
Non-U.S. | 54.3 | 200.5 | 143.6 |
Earnings before income taxes and equity in earnings of non-operating affiliates | 2,209.70 | 2,829.50 | 2,645.60 |
Current | ' | ' | ' |
Federal | 641.5 | 915.4 | 811.4 |
Foreign | 8.6 | 56 | 31.5 |
State | 70.7 | 131.2 | 116.5 |
Total | 720.8 | 1,102.60 | 959.4 |
Deferred | ' | ' | ' |
Federal | -6.5 | -130.2 | -63 |
Foreign | -6.7 | -4.5 | -2.8 |
State | -21.1 | -3.7 | 32.9 |
Total | -34.3 | -138.4 | -32.9 |
Income tax provision | 686.5 | 964.2 | 926.5 |
Differences in the expected income tax provision based on statutory rates applied to earnings before income taxes and the income tax provision reflected in the consolidated statements of operations | ' | ' | ' |
Earnings before income taxes and equity in earnings of non-operating affiliates | 2,209.70 | 2,829.50 | 2,645.60 |
Expected tax at U.S. statutory rate | 773.4 | 990.3 | 925.9 |
State income taxes, net of federal | 32 | 82.9 | 88.6 |
Net earnings attributable to the noncontrolling interest | -23.9 | -26.2 | -77.6 |
U.S. manufacturing profits deduction | -47 | -47 | -39 |
Difference in tax rates on foreign earnings | -11.5 | -43.3 | 5.8 |
Depletion | -24.2 | -8 | -8.6 |
Valuation allowance | 26.8 | 16.5 | 29.8 |
Non-deductible capital costs | ' | 0.2 | 0.6 |
Federal tax settlement | -50.1 | ' | ' |
Other | 11 | -1.2 | 1 |
Income tax provision | $686.50 | $964.20 | $926.50 |
Differences in the expected income tax provision based on statutory rates applied to earnings before income taxes and the income tax provision reflected in the consolidated statements of operations (as a percent) | ' | ' | ' |
Expected tax at U.S. statutory rate (as a percent) | 35.00% | 35.00% | 35.00% |
State income taxes, net of federal (as a percent) | 1.40% | 2.90% | 3.30% |
Net earnings attributable to the noncontrolling interest (as a percent) | -1.10% | -0.90% | -2.90% |
U.S. manufacturing profits deduction (as a percent) | -2.10% | -1.70% | -1.50% |
Difference in tax rates on foreign earnings (as a percent) | -0.50% | -1.50% | 0.20% |
Depletion (as a percent) | -1.10% | -0.30% | -0.30% |
Valuation allowance (as a percent) | 1.20% | 0.60% | 1.10% |
Federal tax settlement (as a percent) | -2.20% | ' | ' |
Other (as a percent) | 0.50% | ' | 0.10% |
Income tax at effective rate (as a percent) | 31.10% | 34.10% | 35.00% |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Deferred tax assets | ' | ' |
Net operating loss carryforward, patronage - sourced | ' | $94,300,000 |
Other net operating loss carryforwards | 96,000,000 | 70,800,000 |
Retirement and other employee benefits | 71,500,000 | 92,100,000 |
Asset retirement obligations | ' | 31,800,000 |
Unrealized loss on investments | ' | 200,000 |
Intangible asset | 115,300,000 | ' |
Federal tax settlement | 43,700,000 | ' |
Other | 70,500,000 | 56,700,000 |
Gross deferred tax assets | 397,000,000 | 345,900,000 |
Valuation allowance | -109,200,000 | -176,100,000 |
Net deferred tax assets | 287,800,000 | 169,800,000 |
Deferred tax liabilities | ' | ' |
Depreciation and amortization | -921,000,000 | -968,000,000 |
Foreign earnings | -35,400,000 | -24,400,000 |
Deferred patronage from CFL | ' | -1,700,000 |
Depletable mineral properties | -45,900,000 | -46,700,000 |
Unrealized gain on hedging derivatives | -14,600,000 | -3,300,000 |
Other | -44,100,000 | -55,000,000 |
Deferred tax liabilities | -1,061,000,000 | -1,099,100,000 |
Net deferred tax liability | -773,200,000 | -929,300,000 |
Less amount in current assets (liabilities) | 60,000,000 | 9,500,000 |
Noncurrent liability | -833,200,000 | -938,800,000 |
Unrecognized tax benefits: | ' | ' |
Beginning balance | 154,400,000 | 137,100,000 |
Additions for tax positions taken during the current year | 9,600,000 | 17,300,000 |
Additions for tax positions taken during prior year | 25,000,000 | ' |
Reductions related to lapsed statutes of limitations | -1,300,000 | ' |
Reductions related to settlements with tax jurisdictions | -84,000,000 | ' |
Ending balance | 103,700,000 | 154,400,000 |
Decrease in unrecognized tax benefits | 50,700,000 | ' |
Effect on effective tax rate if unrecognized tax benefits were recognized | 103,700,000 | ' |
Tax benefit for the effect of a Closing Agreement with the IRS | 75,800,000 | ' |
Tax savings payable to pre-IPO owners | 55,200,000 | ' |
Current portion of the tax savings payable to the pre-IPO owners | 10,200,000 | ' |
Non current portion of the tax savings payable to the pre-IPO owners | 32,700,000 | ' |
Period of entitlement of tax deduction equal to portion of NOL | '5 years | ' |
Decrease in unrecognized tax benefits | 86,700,000 | ' |
Repatriation of investment in the entity's non-U.S. subsidiaries and corporate joint ventures which is considered to be permanently reinvested | $1,000,000,000 | ' |
Percentage of retention of any settlement realized with the United States Internal Revenue Service (IRS) at the IRS Appeals level | 26.90% | ' |
Income_Taxes_Details_3
Income Taxes (Details 3) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest expense and penalties | ' | ' | ' |
Interest expense and penalties related to potential income taxes | $13.60 | $1.30 | $13.90 |
Accrued interest expense and penalties | ' | ' | ' |
Amount recognized in consolidated balance sheets for accrued interest and penalties related to income taxes | 24.9 | 30.4 | ' |
Foreign | ' | ' | ' |
Valuation Allowance | ' | ' | ' |
Net operating loss carryovers | 318.2 | ' | ' |
Valuation allowance on net operating loss carryovers | 93 | ' | ' |
Valuation allowance on net operating loss carryovers recorded during the year | 26.8 | 16.5 | ' |
IRS | ' | ' | ' |
Valuation Allowance | ' | ' | ' |
Valuation allowance on net operating loss carryovers recorded during the year | $94.30 | ' | ' |
Assets_and_Liabilities_Held_fo2
Assets and Liabilities Held for Sale (Details) (USD $) | 2 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | |||
Dec. 31, 2013 | Oct. 02, 2013 | Oct. 02, 2013 | Oct. 02, 2013 | Oct. 02, 2013 | Oct. 31, 2013 | Dec. 31, 2013 | |
Mosaic | Mosaic | Minimum | Maximum | CF Industries' phosphate mining and manufacturing business | CF Industries' phosphate mining and manufacturing business | ||
Ammonia | Ammonia | Mosaic | Mosaic | ||||
item | Second agreement | Ammonia | Ammonia | ||||
T | First agreement | First agreement | |||||
T | T | ||||||
Assets and Liabilities Held for Sale | ' | ' | ' | ' | ' | ' | ' |
Number of supply agreements | ' | 2 | ' | ' | ' | ' | ' |
Cash consideration received as per definitive agreement | ' | ' | ' | ' | ' | $1,400,000,000 | ' |
Quantity of product to be supplied per year under the long-term agreement (in tons) | ' | ' | 300,000 | 600,000 | 800,000 | ' | ' |
Amount of asset retirement obligation trust and escrow funds transferred | ' | ' | ' | ' | ' | ' | 200,000,000 |
Ceased depreciation expenses on property, plant and equipment classified as held for sale | 8,100,000 | ' | ' | ' | ' | ' | ' |
Classes of assets and liabilities held for sale | ' | ' | ' | ' | ' | ' | ' |
Inventories--net | 74,300,000 | ' | ' | ' | ' | ' | ' |
Total current assets | 74,300,000 | ' | ' | ' | ' | ' | ' |
Property, plant and equipment, net | 467,200,000 | ' | ' | ' | ' | ' | ' |
Asset retirement obligation funds | 203,700,000 | ' | ' | ' | ' | ' | ' |
Goodwill | 900,000 | ' | ' | ' | ' | ' | ' |
Other assets | 7,200,000 | ' | ' | ' | ' | ' | ' |
Total assets held for sale | 753,300,000 | ' | ' | ' | ' | ' | ' |
Accrued expenses | 14,700,000 | ' | ' | ' | ' | ' | ' |
Asset retirement obligations - current | 12,100,000 | ' | ' | ' | ' | ' | ' |
Total current liabilities | 26,800,000 | ' | ' | ' | ' | ' | ' |
Asset retirement obligations | 154,500,000 | ' | ' | ' | ' | ' | ' |
Total liabilities held for sale | $181,300,000 | ' | ' | ' | ' | ' | ' |
Accounts_ReceivableNet_Details
Accounts Receivable-Net (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Accounts receivable | ' | ' |
Accounts receivable - net | $230.90 | $217.40 |
Allowance for doubtful accounts | 0.4 | 1.1 |
Trade | ' | ' |
Accounts receivable | ' | ' |
Accounts receivable - net | 225 | 213.2 |
Other | ' | ' |
Accounts receivable | ' | ' |
Accounts receivable - net | $5.90 | $4.20 |
InventoriesNet_Details
Inventories-Net (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Inventories-Net | ' | ' |
Fertilizer | $251 | $212.20 |
Raw materials, spare parts and supplies | 23.3 | 65.7 |
Total inventories - net | $274.30 | $277.90 |
Other_Current_Assets_and_Other2
Other Current Assets and Other Current Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other current assets | ' | ' |
Prepaid expenses | $19.10 | $13.90 |
Unrealized gains on derivatives | 72.7 | 10.1 |
Margin deposits | 0.6 | 3.8 |
Product exchanges | ' | 0.1 |
Other current assets | 92.4 | 27.9 |
Other current liabilities | ' | ' |
Financial Advances | 43 | ' |
Unrealized losses on derivatives | 0.2 | 5.6 |
Product exchanges | 0.3 | ' |
Other current liabilities | $43.50 | $5.60 |
Equity_Method_Investments_Deta
Equity Method Investments (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity method investments | ' | ' | ' |
Investments in and advances to affiliates | $926 | $935.60 | ' |
Condensed statement of operations information: | ' | ' | ' |
Equity in earnings of operating affiliates | 41.7 | 47 | 50.2 |
Equity in earnings of non-operating affiliates | 9.6 | 58.1 | 41.9 |
KEYTRADE AG | ' | ' | ' |
Equity method investments | ' | ' | ' |
Ownership interest (as a percent) | 50.00% | ' | ' |
GrowHow | ' | ' | ' |
Equity method investments | ' | ' | ' |
Ownership interest (as a percent) | 50.00% | ' | ' |
Operating Equity Method Investments | ' | ' | ' |
Equity method investments | ' | ' | ' |
Investments in and advances to affiliates | 379.7 | 394.2 | ' |
Condensed statement of operations information: | ' | ' | ' |
Net sales | 323.7 | 320.9 | 347.2 |
Net earnings | 102.7 | 97.3 | 117.5 |
Equity in earnings of operating affiliates | 41.7 | 47 | 50.2 |
Condensed balance sheet information: | ' | ' | ' |
Current assets | 84.3 | 93.9 | ' |
Non current assets | 147.3 | 164.8 | ' |
Total assets | 231.6 | 258.7 | ' |
Current liabilities | 36.5 | 45.9 | ' |
Long-term liabilities | 25 | 26 | ' |
Equity | 170.1 | 186.8 | ' |
Total liabilities and equity | 231.6 | 258.7 | ' |
Equity Method Investments | ' | ' | ' |
Carrying value of investments | 379.7 | ' | ' |
Carrying value of investments in excess of the entity's share of the affiliates' book value | 294.6 | ' | ' |
Operating Equity Method Investments | Property, plant and equipment | Maximum | ' | ' | ' |
Equity Method Investments | ' | ' | ' |
Number of years that the increased basis for property, plant and equipment and identifiable intangibles will be amortized | '20 years | ' | ' |
Operating Equity Method Investments | Gas contract | Maximum | ' | ' | ' |
Equity Method Investments | ' | ' | ' |
Number of years that the increased basis for property, plant and equipment and identifiable intangibles will be amortized | '10 years | ' | ' |
Operating Equity Method Investments | Point Lisas Nitrogen Limited (PLNL) | ' | ' | ' |
Equity method investments | ' | ' | ' |
Ownership interest (as a percent) | 50.00% | ' | ' |
Equity Method Investments | ' | ' | ' |
Obligation to purchase ammonia (as a percent) | '50% of the ammonia produced by PLNL | ' | ' |
Purchases of ammonia from PLNL | 151 | 145.7 | 161.9 |
Operating Equity Method Investments | Ammonia storage joint venture | ' | ' | ' |
Equity method investments | ' | ' | ' |
Ownership interest (as a percent) | 50.00% | ' | ' |
Non-Operating Equity Method Investments | ' | ' | ' |
Equity method investments | ' | ' | ' |
Investments in and advances to affiliates | 546.3 | 541.4 | ' |
Condensed statement of operations information: | ' | ' | ' |
Net sales | 2,489.10 | 2,751.60 | 2,841.90 |
Net earnings | 43 | 141.9 | 117.4 |
Equity in earnings of non-operating affiliates | 9.6 | 58.1 | 41.9 |
Condensed balance sheet information: | ' | ' | ' |
Current assets | 540.3 | 595 | ' |
Non current assets | 319.3 | 293.4 | ' |
Total assets | 859.6 | 888.4 | ' |
Current liabilities | 310.6 | 385.6 | ' |
Long-term liabilities | 168.9 | 147.3 | ' |
Equity | 380.1 | 355.5 | ' |
Total liabilities and equity | 859.6 | 888.4 | ' |
Equity Method Investments | ' | ' | ' |
Carrying value of investments | 534 | ' | ' |
Carrying value of investments in excess of the entity's share of the affiliates' book value | 343.9 | ' | ' |
Undistributed earnings from equity method investees | 24.6 | ' | ' |
Non-Operating Equity Method Investments | KEYTRADE AG | ' | ' | ' |
Equity method investments | ' | ' | ' |
Ownership interest (as a percent) | 50.00% | ' | ' |
Equity Method Investments | ' | ' | ' |
Percentage rate of debt financing of subordinated notes to Keytrade | 'LIBOR | ' | ' |
Percentage on debt instrument in addition to LIBOR Rate | 1.00% | ' | ' |
Amount of outstanding advances | 12.4 | 12.4 | ' |
Recognized interest income on advances | $0.20 | $0.20 | $0.20 |
Non-Operating Equity Method Investments | KEYTRADE AG | Maximum | ' | ' | ' |
Equity Method Investments | ' | ' | ' |
Number of years that the increased basis for property, plant and equipment and identifiable intangibles will be amortized | '12 years | ' | ' |
Non-Operating Equity Method Investments | GrowHow | ' | ' | ' |
Equity method investments | ' | ' | ' |
Ownership interest (as a percent) | 50.00% | ' | ' |
Property_Plant_and_EquipmentNe2
Property, Plant and Equipment-Net (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property, Plant and Equipment-Net | ' | ' | ' |
Gross property plant and equipment | $6,343.20 | $6,657.60 | ' |
Less: Accumulated depreciation, depletion and amortization | 2,241.50 | 2,757.10 | ' |
Net property, plant and equipment | 4,101.70 | 3,900.50 | ' |
Land | ' | ' | ' |
Property, Plant and Equipment-Net | ' | ' | ' |
Gross property plant and equipment | 37.9 | 60.2 | ' |
Mineral Properties | ' | ' | ' |
Property, Plant and Equipment-Net | ' | ' | ' |
Gross property plant and equipment | ' | 202.6 | ' |
Machinery and equipment | ' | ' | ' |
Property, Plant and Equipment-Net | ' | ' | ' |
Gross property plant and equipment | 5,046.80 | 5,388.60 | ' |
Changes in plant turnaround activity | ' | ' | ' |
Balance at the beginning of the period | 82.1 | 54.8 | 66.8 |
Additions | 78.6 | 56.6 | 16.2 |
Depreciation | -40.8 | -29.6 | -27.9 |
Effect of exchange rate changes | -0.1 | 0.3 | -0.3 |
Balance at the end of the period | 119.8 | 82.1 | 54.8 |
Buildings and improvements | ' | ' | ' |
Property, Plant and Equipment-Net | ' | ' | ' |
Gross property plant and equipment | 159.4 | 537.1 | ' |
Construction in progress | ' | ' | ' |
Property, Plant and Equipment-Net | ' | ' | ' |
Gross property plant and equipment | $1,099.10 | $469.10 | ' |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets (Details) (USD $) | 12 Months Ended | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 |
Ammonia terminals in Canada | Nitrogen | Nitrogen | Nitrogen | Phosphate | ||
item | Ammonia terminals in Canada | |||||
Goodwill | ' | ' | ' | ' | ' | ' |
Balance at the beginning of the year | $2,064.50 | ' | $2,095.80 | $2,063.60 | ' | $0.90 |
Goodwill related to acquisitions | ' | 32.2 | ' | ' | 32.2 | ' |
Goodwill reclassified to non-current assets held for sale | -0.9 | ' | ' | ' | ' | -0.9 |
Balance at the end of the year | 2,095.80 | ' | 2,095.80 | 2,063.60 | ' | ' |
Number of ammonia terminals acquired | ' | 3 | ' | ' | ' | ' |
Aggregate purchase price | ' | $72.50 | ' | ' | ' | ' |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets (Details 2) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Identifiable intangibles | ' | ' | ' |
Gross Carrying Amount | $60 | $60 | ' |
Accumulated Amortization | -14.2 | -10.4 | ' |
Net | 45.8 | 49.6 | ' |
Amortization expense | 3.8 | 3.8 | 3.8 |
Total estimated amortization expense for the five succeeding fiscal years | ' | ' | ' |
2014 | 4 | ' | ' |
2015 | 4 | ' | ' |
2016 | 4 | ' | ' |
2017 | 4 | ' | ' |
2018 | 4 | ' | ' |
Total Estimated Amortization Expense | 20 | ' | ' |
Customer relationships | ' | ' | ' |
Identifiable intangibles | ' | ' | ' |
Gross Carrying Amount | 50 | 50 | ' |
Accumulated Amortization | -10.4 | -7.6 | ' |
Net | 39.6 | 42.4 | ' |
TerraCair Brand | ' | ' | ' |
Identifiable intangibles | ' | ' | ' |
Gross Carrying Amount | 10 | 10 | ' |
Accumulated Amortization | -3.8 | -2.8 | ' |
Net | $6.20 | $7.20 | ' |
Other_Assets_Details
Other Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other Assets | ' | ' |
Deferred financing fees | $47.80 | $44.70 |
Spare parts | 69.2 | 72.7 |
Investments in auction rate securities | 13.1 | 26 |
Intangible assets - net | 45.8 | 49.6 |
Nonqualified employee benefit trusts | 22.4 | 21.7 |
Tax related assets | 37.9 | 29.8 |
Other | 9.3 | 13.4 |
Other assets | $245.50 | $257.90 |
Accounts_Payable_and_Accrued_E2
Accounts Payable and Accrued Expenses (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Accounts Payable and Accrued Expenses | ' | ' |
Accounts payable | $169 | $117.30 |
Accrued natural gas costs | 86 | 80.8 |
Payroll and employee related costs | 71.8 | 63.1 |
Accrued expansion project costs | 55.4 | ' |
Accrued share repurchase | 40.3 | ' |
Accrued interest | 24 | 22.6 |
Asset retirement obligations - current portion | ' | 12.3 |
Other | 117.6 | 70.4 |
Accounts payable and accrued expenses | $564.10 | $366.50 |
Financing_Agreements_Details
Financing Agreements (Details) (USD $) | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Apr. 22, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 23, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 23, 2010 | 31-May-12 | Dec. 31, 2013 | 1-May-12 | 1-May-12 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 23-May-13 | Dec. 31, 2013 | 23-May-13 | |
item | Credit Agreement | Credit Agreement | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | CF Industries | ||
item | Unsecured senior notes 6.875% due 2018 | Unsecured senior notes 6.875% due 2018 | Unsecured senior notes 6.875% due 2018 | Unsecured senior notes 7.125% due 2020 | Unsecured senior notes 7.125% due 2020 | Unsecured senior notes 7.125% due 2020 | Credit Agreement | Credit Agreement | Credit Agreement | Revolving credit facility | Senior notes due 2018 and 2020 | Senior Notes due 2023 and 2043 | Senior notes 3.450% due 2023 | Senior notes 3.450% due 2023 | Senior notes 4.950% due 2043 | Senior notes 4.950% due 2043 | ||||
Financing agreements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt | $3,098,100,000 | $1,600,000,000 | ' | ' | $800,000,000 | $800,000,000 | ' | $800,000,000 | $800,000,000 | ' | ' | ' | ' | ' | $1,600,000,000 | $1,500,000,000 | $749,300,000 | ' | $748,800,000 | ' |
Net long-term debt | 3,098,100,000 | 1,600,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instruments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum borrowing capacity | ' | ' | ' | 1,000,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 500,000,000 | 500,000,000 | ' | ' | ' | ' | ' | ' |
Maximum borrowing capacity under the credit agreement before amendment | ' | ' | ' | 500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Guarantee for borrowed money | ' | ' | 350,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of subsidiaries of the parent that provide guarantee | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate (as a percent) | ' | ' | ' | ' | 6.88% | ' | ' | 7.13% | ' | ' | ' | ' | ' | ' | ' | ' | 3.45% | 3.45% | 4.95% | 4.95% |
Principal amount | ' | ' | ' | ' | ' | ' | 800,000,000 | ' | ' | 800,000,000 | ' | ' | ' | ' | ' | ' | ' | 750,000,000 | ' | 750,000,000 |
Variable interest base rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Applicable margin over LIBOR or a base rate | ' | ' | ' | ' | ' | ' | ' | ' |
Available credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 995,100,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of long term debt | 3,098,100,000 | 1,600,000,000 | ' | ' | 800,000,000 | 800,000,000 | ' | 800,000,000 | 800,000,000 | ' | ' | ' | ' | ' | 1,600,000,000 | 1,500,000,000 | 749,300,000 | ' | 748,800,000 | ' |
Fair value of long-term debt | 3,276,700,000 | 1,979,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,900,000,000 | 1,400,000,000 | ' | ' | ' | ' |
Repurchase price of notes as a percentage of principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.00% | 101.00% | ' | ' | ' | ' |
Net proceeds from issuance and sale of notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,480,000,000 | ' | ' | ' | ' |
Leases_Details
Leases (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Future minimum payments under noncancelable operating leases, barge charters and storage agreements | ' | ' | ' |
2014 | $88.80 | ' | ' |
2015 | 81.5 | ' | ' |
2016 | 76.1 | ' | ' |
2017 | 58.7 | ' | ' |
2018 | 42.3 | ' | ' |
Thereafter | 91 | ' | ' |
Total | 438.4 | ' | ' |
Total rent expense for cancelable and noncancelable operating leases | $98.90 | $89.70 | $81 |
Rail car | Minimum | ' | ' | ' |
Agreed term of leases | ' | ' | ' |
Term | '1 year | ' | ' |
Rail car | Maximum | ' | ' | ' |
Agreed term of leases | ' | ' | ' |
Term | '10 years | ' | ' |
Barge charter | Minimum | ' | ' | ' |
Agreed term of leases | ' | ' | ' |
Term | '2 years | ' | ' |
Barge charter | Maximum | ' | ' | ' |
Agreed term of leases | ' | ' | ' |
Term | '7 years | ' | ' |
Terminal and warehouse storage | Minimum | ' | ' | ' |
Agreed term of leases | ' | ' | ' |
Term | '1 year | ' | ' |
Terminal and warehouse storage | Maximum | ' | ' | ' |
Agreed term of leases | ' | ' | ' |
Term | '3 years | ' | ' |
Other_Noncurrent_Liabilities_D
Other Noncurrent Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Millions, unless otherwise specified | ||||
Other Noncurrent Liabilities | ' | ' | ' | ' |
Asset retirement obligations | $166.60 | $145 | $131.60 | $119.80 |
Less: Current portion in accrued expenses | ' | 12.3 | ' | ' |
Noncurrent portion | ' | 132.7 | ' | ' |
Benefit plans and deferred compensation | 156.1 | 209.1 | ' | ' |
Tax related liabilities | 81.8 | 38.5 | ' | ' |
Capacity expansion project costs | 70.5 | ' | ' | ' |
Environmental and related costs | 4.3 | 4 | ' | ' |
Other | 12.9 | 11.4 | ' | ' |
Other noncurrent liabilities | $325.60 | $395.70 | ' | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
MMBTU | MMBTU | MMBTU | MMBTU | ||||||||
Fair values of derivatives on consolidated balance sheets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum period covering risk of changes in supply of gas prices | ' | ' | ' | ' | ' | ' | ' | ' | '18 months | ' | ' |
Open derivative contracts for natural gas (in MMBtus) | 76,300,000 | ' | ' | ' | 58,900,000 | ' | ' | ' | 76,300,000 | 58,900,000 | ' |
Percentage of natural gas consumption covered by derivatives | ' | ' | ' | ' | ' | ' | ' | ' | 90.00% | ' | ' |
Aggregate fair value of the derivative instruments with credit risk related contingent features in a net liability position | $200,000 | ' | ' | ' | $900,000 | ' | ' | ' | $200,000 | $900,000 | ' |
Authorized expenditure for construction of new ammonia and urea/UAN production units | ' | ' | ' | ' | 3,800,000,000 | ' | ' | ' | ' | 3,800,000,000 | ' |
Unrealized gains (losses) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivatives not designated as hedges | ' | ' | ' | ' | ' | ' | ' | ' | 67,700,000 | 72,800,000 | -77,300,000 |
Cash flow hedge ineffectiveness | ' | ' | ' | ' | ' | ' | ' | ' | -1,800,000 | 1,800,000 | ' |
Total unrealized gains (losses) | 55,800,000 | 15,700,000 | -14,400,000 | 8,800,000 | 13,100,000 | 39,800,000 | 77,600,000 | -55,900,000 | 65,900,000 | 74,600,000 | -77,300,000 |
Realized gains (losses) | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000 | -144,400,000 | -54,500,000 |
Net derivative gains (losses) | ' | ' | ' | ' | ' | ' | ' | ' | 67,700,000 | -69,800,000 | -131,800,000 |
Cash collateral on deposit with derivative counterparties | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
Foreign exchange contracts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair values of derivatives on consolidated balance sheets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount of derivative | 636,300,000 | ' | ' | ' | ' | ' | ' | ' | 636,300,000 | ' | ' |
Derivatives not designated as cash flow hedges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized gains (losses) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivatives not designated as hedges | ' | ' | ' | ' | ' | ' | ' | ' | 67,700,000 | 72,800,000 | -77,300,000 |
Derivatives not designated as cash flow hedges | Natural gas derivatives | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized gains (losses) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivatives not designated as hedges | ' | ' | ' | ' | ' | ' | ' | ' | 52,900,000 | 66,500,000 | -77,300,000 |
Derivatives not designated as cash flow hedges | Foreign exchange contracts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized gains (losses) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivatives not designated as hedges | ' | ' | ' | ' | ' | ' | ' | ' | 14,800,000 | 6,300,000 | ' |
Derivatives designated as cash flow hedges | Foreign exchange contracts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair values of derivatives on consolidated balance sheets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount of derivative | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Net gain (loss) expected to be reclassified into earnings from AOCI | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain (loss) recognized in OCI | ' | ' | ' | ' | ' | ' | ' | ' | 3,000,000 | 7,200,000 | ' |
Unrealized gains (losses) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net derivative gains (losses) | ' | ' | ' | ' | ' | ' | ' | ' | ($1,800,000) | $1,800,000 | ' |
Derivative_Financial_Instrumen3
Derivative Financial Instruments (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Fair values of derivatives on consolidated balance sheets | ' | ' |
Other current assets | $72.70 | $10.10 |
Other noncurrent assets | 1.6 | 7.2 |
Asset Derivative | 74.3 | 17.3 |
Other current liabilities | -0.2 | -5.5 |
Other noncurrent liabilities | ' | -0.1 |
Liability derivative | -0.2 | -5.6 |
Derivatives not designated as cash flow hedges | ' | ' |
Fair values of derivatives on consolidated balance sheets | ' | ' |
Asset Derivative | 74.3 | 8.3 |
Liability derivative | -0.2 | -5.6 |
Foreign exchange contracts | Derivatives designated as cash flow hedges | ' | ' |
Fair values of derivatives on consolidated balance sheets | ' | ' |
Other current assets | ' | 4.2 |
Other noncurrent assets | ' | 4.8 |
Asset Derivative | ' | 9 |
Foreign exchange contracts | Derivatives not designated as cash flow hedges | ' | ' |
Fair values of derivatives on consolidated balance sheets | ' | ' |
Other current assets | 27.3 | 3.9 |
Other noncurrent assets | 1.6 | 2.4 |
Natural gas derivatives | Derivatives not designated as cash flow hedges | ' | ' |
Fair values of derivatives on consolidated balance sheets | ' | ' |
Other current assets | 45.4 | 2 |
Other current liabilities | -0.2 | -5.5 |
Other noncurrent liabilities | ' | ($0.10) |
Derivative_Financial_Instrumen4
Derivative Financial Instruments (Details 3) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Amounts relevant to offsetting of derivative assets and liabilities | ' | ' |
Gross and net amounts presented in consolidated balance sheets, Total derivative assets | $74.30 | $17.30 |
Gross and net amounts presented in consolidated balance sheets, Total derivative liabilities | ' | 5.6 |
Gross and net amounts presented in consolidated balance sheets, Net assets | 74.3 | 11.7 |
Gross amounts not offset in consolidated balance sheets | ' | ' |
Financial instruments, Total derivative assets | 0.2 | 4.6 |
Financial instruments, Total derivative liabilities | ' | 4.6 |
Financial instruments, Net assets (liabilities) | 0.2 | ' |
Net Amount, Total derivative assets | 74.1 | 12.7 |
Net Amount, Total derivative liabilities | ' | 1 |
Net Amount, Net assets (liabilities) | 74.1 | 11.7 |
Exposure to credit loss from nonperformance by counterparties to derivative instruments | $74.10 | $12.70 |
Stockholders_Equity_Details
Stockholders' Equity (Details) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | 2 Months Ended | ||||
Jun. 30, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 27, 2014 | |
Subsequent event | ||||||||
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum amount up to which company common stock is authorized to be repurchased | ' | $3,000,000,000 | ' | $1,500,000,000 | ' | ' | ' | ' |
Purchase of treasury stock value | ' | ' | 500,000,000 | ' | 1,449,300,000 | 500,000,000 | 1,000,200,000 | 294,900,000 |
Number of treasury shares retired | 9,600,000 | ' | ' | ' | 6,400,000 | ' | ' | ' |
Stock repurchase accrued but unpaid | ' | ' | ' | ' | 40,300,000 | ' | ' | ' |
Treasury stock, shares | ' | ' | ' | ' | 885,518 | 10,940 | ' | ' |
Change in common shares issued and outstanding | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | ' | 62,950,688 | 65,419,989 | 71,267,185 | ' |
Exercise of stock options | ' | ' | ' | ' | 226,303 | 569,490 | 638,926 | ' |
Issuance of restricted stock | ' | ' | ' | ' | 30,074 | 25,662 | 32,867 | ' |
Forfeitures of restricted stock | ' | ' | ' | ' | -1,570 | -2,170 | -3,140 | ' |
Purchase of treasury shares | ' | ' | -3,100,000 | ' | -7,340,682 | -3,062,283 | -6,515,849 | -1,200,000 |
Ending balance | ' | ' | ' | ' | 55,864,813 | 62,950,688 | 65,419,989 | ' |
Total shares repurchased under program | ' | ' | ' | ' | ' | ' | ' | 8,500,000 |
Aggregate expenditure for repurchased stock | ' | ' | ' | ' | ' | ' | ' | $1,700,000,000 |
Stockholders_Equity_Details_2
Stockholders' Equity (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 |
Series A junior participating preferred stock | Stockholder Rights | |||
Stockholder Rights Plan | ' | ' | ' | ' |
Number of rights per common stock share | ' | ' | ' | 1 |
Fraction of newly issued share of Series A junior participating preferred stock that could be purchased, for each Right | ' | ' | ' | 0.001 |
Exercise price (in dollars per share) | ' | ' | ' | $90 |
Number of business days following the public announcement of acquisition of specified percentage of common stock for rights to become exercisable | ' | ' | ' | '10 days |
Minimum percentage of common stock to be acquired for rights to be exercisable and transferable | ' | ' | ' | 15.00% |
Minimum percentage of common stock to be acquired by certain institutional and other investors for rights to be exercisable | ' | ' | ' | 20.00% |
Number of business days following the acquisition of specified percentage of common stock in a tender or exchange offer for rights to be exercisable | ' | ' | ' | '10 days |
Minimum percentage of common stock to be acquired in a tender or exchange offer for rights to be exercisable | ' | ' | ' | 15.00% |
Minimum percentage of common stock to be acquired in a tender or exchange offer by certain institutional and other investors for rights to be exercisable | ' | ' | ' | 20.00% |
Preferred Stock | ' | ' | ' | ' |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 | 500,000 | ' |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ' | ' |
Number of preferred stock issued | 0 | ' | ' | ' |
Stockholders_Equity_Details_3
Stockholders' Equity (Details 3) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Changes to accumulated other comprehensive income (loss) | ' | ' | ' | ' |
Balance at the beginning of the period | ' | ($49.60) | ($99.30) | ($53.30) |
Unrealized gain | ' | 5.1 | 11.5 | 3.2 |
Reclassification to net earnings | ' | 11.6 | 10.9 | 7.7 |
Gain (loss) arising during period | ' | 46.2 | -1 | -45.2 |
Effect of exchange rate changes and deferred taxes | ' | -55.9 | 28.3 | -11.7 |
Balance at the end of the period | ' | -42.6 | -49.6 | -99.3 |
Retiree Medical | ' | ' | ' | ' |
Changes to accumulated other comprehensive income (loss) | ' | ' | ' | ' |
Gain arising during period | 13.4 | -1.6 | -13.6 | 5.2 |
Foreign Currency Translation Adjustment | ' | ' | ' | ' |
Changes to accumulated other comprehensive income (loss) | ' | ' | ' | ' |
Balance at the beginning of the period | ' | 61.4 | 15.4 | 22.4 |
Effect of exchange rate changes and deferred taxes | ' | -29.5 | 46 | -7 |
Balance at the end of the period | ' | 31.9 | 61.4 | 15.4 |
Unrealized Gain (Loss) on Securities | ' | ' | ' | ' |
Changes to accumulated other comprehensive income (loss) | ' | ' | ' | ' |
Balance at the beginning of the period | ' | -0.4 | -3 | -4.9 |
Unrealized gain | ' | 2.1 | 4.3 | 3.2 |
Reclassification to net earnings | ' | -0.6 | -0.6 | -0.2 |
Effect of exchange rate changes and deferred taxes | ' | -0.5 | -1.1 | -1.1 |
Balance at the end of the period | ' | 0.6 | -0.4 | -3 |
Unrealized Gain (Loss) on Derivatives | ' | ' | ' | ' |
Changes to accumulated other comprehensive income (loss) | ' | ' | ' | ' |
Balance at the beginning of the period | ' | 4.6 | ' | ' |
Unrealized gain | ' | 3 | 7.2 | ' |
Effect of exchange rate changes and deferred taxes | ' | -1.1 | -2.6 | ' |
Balance at the end of the period | ' | 6.5 | 4.6 | ' |
Defined Benefit Plans | ' | ' | ' | ' |
Changes to accumulated other comprehensive income (loss) | ' | ' | ' | ' |
Balance at the beginning of the period | ' | -115.2 | -111.7 | -70.8 |
Reclassification to net earnings | ' | 12.2 | 11.5 | -7.9 |
Gain (loss) arising during period | ' | 46.2 | -1 | -45.2 |
Effect of exchange rate changes and deferred taxes | ' | -24.8 | -14 | -3.6 |
Balance at the end of the period | ' | ($81.60) | ($115.20) | ($111.70) |
Stockholders_Equity_Details_4
Stockholders' Equity (Details 4) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Reclassification out of AOCI | ' | ' | ' |
Interest income | $4.70 | $4.30 | $1.70 |
Tax effect | -686.5 | -964.2 | -926.5 |
Net earnings | 1,532.80 | 1,923.40 | 1,761 |
Amount Reclassified from AOCI | ' | ' | ' |
Reclassification out of AOCI | ' | ' | ' |
Net earnings | 7.5 | ' | ' |
Unrealized Gain (Loss) on Securities | Amount Reclassified from AOCI | ' | ' | ' |
Reclassification out of AOCI | ' | ' | ' |
Interest income | -0.6 | ' | ' |
Total before tax | -0.6 | ' | ' |
Tax effect | 0.2 | ' | ' |
Net earnings | -0.4 | ' | ' |
Defined Benefit Plans | Amount Reclassified from AOCI | ' | ' | ' |
Reclassification out of AOCI | ' | ' | ' |
Amortization of prior service cost | 0.3 | ' | ' |
Amortization of net loss | 11.9 | ' | ' |
Total before tax | 12.2 | ' | ' |
Tax effect | -4.3 | ' | ' |
Net earnings | $7.90 | ' | ' |
StockBased_Compensation_Detail
Stock-Based Compensation (Details) (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Stock-based compensation | ' | ' | ' |
Maximum number of shares reserved for grant awards under the plan | 3,900,000 | ' | ' |
Number of shares counted against reserve for determining number of shares of stock available for grant under the Plan for each option | 1 | ' | ' |
Number of shares counted against reserve for determining number of shares of stock available for grant under the Plan for each stock appreciation right | 1 | ' | ' |
Number of shares counted against reserve for each share of stock granted, other than option or stock appreciation right | 1.61 | ' | ' |
Shares available for future awards | 2,900,000 | ' | ' |
Maximum number of underlying shares that may be granted to a participant in any one calendar year | 1,000,000 | ' | ' |
Period over which maximum award grant per participant applies | '1 year | ' | ' |
Stock options, shares | ' | ' | ' |
Exercised (in shares) | -226,303 | -569,490 | -638,926 |
Stock-based compensation costs | ' | ' | ' |
Stock-based compensation expense | $12.60 | $11.10 | $9.90 |
Income tax benefit | -4.6 | -4 | -3.7 |
Stock-based compensation expense, net of income taxes | 8 | 7.1 | 6.2 |
Excess tax benefit from stock-based compensation | 13.5 | 36.1 | 47.2 |
Stock Options | ' | ' | ' |
Stock-based compensation | ' | ' | ' |
Contractual life | '10 years | ' | ' |
Portion vested on each of the first three anniversaries of the date of grant | 'one-third | ' | ' |
Assumptions: | ' | ' | ' |
Weighted-average expected volatility (as a percent) | 35.00% | 50.00% | 53.00% |
Expected term of stock options | '4 years 4 months 24 days | '4 years 6 months | '4 years 8 months 12 days |
Risk-free interest rate (as a percent) | 1.40% | 0.70% | 0.90% |
Weighted-average expected dividend yield (as a percent) | 0.80% | 0.80% | 1.10% |
Weighted-average grant date fair value per share of options granted (in dollars per share) | $53.82 | $80.59 | $56.60 |
Stock options, shares | ' | ' | ' |
Outstanding at the beginning of the period (in shares) | 766,607 | ' | ' |
Granted (in shares) | 212,420 | ' | ' |
Exercised (in shares) | -226,303 | ' | ' |
Forfeited (in shares) | -15,192 | ' | ' |
Outstanding at the end of the period (in shares) | 737,532 | 766,607 | ' |
Exercisable balance at the end of the period (in shares) | 406,687 | ' | ' |
Stock option activity, additional disclosure | ' | ' | ' |
Outstanding at the beginning of the period, Weighted-Average Exercise Price (in dollars per share) | $100.34 | ' | ' |
Granted, Weighted-Average Exercise Price (in dollars per share) | $188.73 | ' | ' |
Exercised, Weighted-Average Exercise Price (in dollars per share) | $44.93 | ' | ' |
Forfeited, Weighted-Average Exercise Price (in dollars per share) | $170.38 | ' | ' |
Outstanding at the end of the period, Weighted-Average Exercise Price (in dollars per share) | $141.76 | $100.34 | ' |
Exercisable balance at the end of the period, Weighted-Average Exercise Price (in dollars per share) | $102.53 | ' | ' |
Selected amounts pertaining to stock option exercises: | ' | ' | ' |
Cash received from stock option exercises | 10.3 | 14.6 | 15.5 |
Actual tax benefit realized from stock option exercises | 11.9 | 36.9 | 30 |
Pre-tax intrinsic value of stock options exercised | 38.6 | 95.2 | 79.4 |
Stock-based compensation costs | ' | ' | ' |
Pre-tax unrecognized compensation cost, net of estimated forfeitures | 14.9 | ' | ' |
Weighted-average period over which expense will be recognized | '2 years 1 month 6 days | ' | ' |
Restricted Stock | ' | ' | ' |
Stock-based compensation | ' | ' | ' |
Vesting period | '3 years | ' | ' |
Restricted stock, shares | ' | ' | ' |
Balance at the beginning of the period (in shares) | 98,284 | ' | ' |
Granted (in shares) | 30,074 | ' | ' |
Vested (in shares) | -52,785 | ' | ' |
Forfeited (in shares) | -1,570 | ' | ' |
Balance at the end of the period (in shares) | 74,003 | 98,284 | ' |
Restricted stock activity, additional disclosure | ' | ' | ' |
Outstanding at the beginning of the period, Weighted-Average Grant Date Fair Value (in dollars per share) | $129.05 | ' | ' |
Granted, Weighted-Average Grant Date Fair Value (in dollars per share) | $189.42 | $201.22 | $150.64 |
Vested, Weighted-Average Grant Date Fair Value (in dollars per share) | $87.67 | ' | ' |
Forfeited, Weighted-Average Grant Date Fair Value (in dollars per share) | $137.99 | ' | ' |
Outstanding at the end of the period, Weighted-Average Grant Date Fair Value (in dollars per share) | $200.11 | $129.05 | ' |
Selected amounts pertaining to restricted stock that vested: | ' | ' | ' |
Actual tax benefit realized from restricted stock vested | 3.4 | 2.9 | 1.7 |
Fair value of restricted stock vested | 10 | 7.6 | 4.4 |
Stock-based compensation costs | ' | ' | ' |
Pre-tax unrecognized compensation cost, net of estimated forfeitures | 7.2 | ' | ' |
Weighted-average period over which expense will be recognized | '2 years 1 month 6 days | ' | ' |
Phantom units | TNCLP | ' | ' | ' |
Stock-based compensation costs | ' | ' | ' |
Stock-based compensation expense | $0 | $0.80 | $0.70 |
StockBased_Compensation_Detail1
Stock-Based Compensation (Details 2) (USD $) | 12 Months Ended |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 |
Options outstanding and exercisable | ' |
Options Outstanding, Shares | 737,532 |
Options Outstanding, Weighted-Average Remaining Contractual Term | '7 years 4 months 24 days |
Options Outstanding, Weighted-Average Exercise Price | $141.76 |
Options Outstanding, Aggregate Intrinsic Value | $67.30 |
Options Exercisable, Shares | 406,687 |
Options Exercisable, Weighted-Average Remaining Contractual Term | '6 years |
Options Exercisable, Weighted-Average Exercise Price (in dollars per share) | $102.53 |
Options Exercisable, Aggregate Intrinsic Value | 53 |
Closing stock price (in dollars per share) | $233.04 |
Range of Exercise Price from $14.83-$20.00 | ' |
Options outstanding and exercisable | ' |
Exercise price, low end of range (in dollars per share) | $14.83 |
Exercise price, high end of range (in dollars per share) | $20 |
Options Outstanding, Shares | 24,000 |
Options Outstanding, Weighted-Average Remaining Contractual Term | '1 year 10 months 24 days |
Options Outstanding, Weighted-Average Exercise Price | $15.86 |
Options Outstanding, Aggregate Intrinsic Value | 5.2 |
Options Exercisable, Shares | 24,000 |
Options Exercisable, Weighted-Average Remaining Contractual Term | '1 year 10 months 24 days |
Options Exercisable, Weighted-Average Exercise Price (in dollars per share) | $15.86 |
Options Exercisable, Aggregate Intrinsic Value | 5.2 |
Closing stock price (in dollars per share) | $233.04 |
Range of Exercise Price from $20.01-$100.00 | ' |
Options outstanding and exercisable | ' |
Exercise price, low end of range (in dollars per share) | $20.01 |
Exercise price, high end of range (in dollars per share) | $100 |
Options Outstanding, Shares | 234,003 |
Options Outstanding, Weighted-Average Remaining Contractual Term | '5 years 10 months 24 days |
Options Outstanding, Weighted-Average Exercise Price | $76.50 |
Options Outstanding, Aggregate Intrinsic Value | 36.6 |
Options Exercisable, Shares | 234,003 |
Options Exercisable, Weighted-Average Remaining Contractual Term | '5 years 10 months 24 days |
Options Exercisable, Weighted-Average Exercise Price (in dollars per share) | $76.50 |
Options Exercisable, Aggregate Intrinsic Value | 36.6 |
Closing stock price (in dollars per share) | $233.04 |
Range of Exercise Price from $100.01-$207.95 | ' |
Options outstanding and exercisable | ' |
Exercise price, low end of range (in dollars per share) | $100.01 |
Exercise price, high end of range (in dollars per share) | $207.95 |
Options Outstanding, Shares | 479,529 |
Options Outstanding, Weighted-Average Remaining Contractual Term | '8 years 4 months 24 days |
Options Outstanding, Weighted-Average Exercise Price | $179.86 |
Options Outstanding, Aggregate Intrinsic Value | 25.5 |
Options Exercisable, Shares | 148,684 |
Options Exercisable, Weighted-Average Remaining Contractual Term | '6 years 10 months 24 days |
Options Exercisable, Weighted-Average Exercise Price (in dollars per share) | $157.50 |
Options Exercisable, Aggregate Intrinsic Value | $11.20 |
Closing stock price (in dollars per share) | $233.04 |
Other_Financial_Statement_Data2
Other Financial Statement Data (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash paid during the year | ' | ' | ' |
Interest | $162 | $113.10 | $126.70 |
Income taxes - net of refunds | $847.40 | $1,073.70 | $819.20 |
Segment_Disclosures_Details
Segment Disclosures (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
item | |||||||||||
Segment Disclosures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of business segments | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $1,326.30 | $1,097 | $1,714.90 | $1,336.50 | $1,481.40 | $1,359.40 | $1,735.60 | $1,527.60 | $5,474.70 | $6,104 | $6,097.90 |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 2,954.50 | 2,990.70 | 3,202.30 |
Gross margin | 593.8 | 386.1 | 865.2 | 675.1 | 656.2 | 702 | 1,043.30 | 711.8 | 2,520.20 | 3,113.30 | 2,895.60 |
Total other operating costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 150.2 | 200.9 | 155.3 |
Equity in earnings of operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 41.7 | 47 | 50.2 |
Operating earnings | ' | ' | ' | ' | ' | ' | ' | ' | 2,411.70 | 2,959.40 | 2,790.50 |
Depreciation, depletion and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 410.6 | 419.8 | 416.2 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 823.8 | 523.5 | 247.2 |
Assets | 10,678.10 | ' | ' | ' | 10,166.90 | ' | ' | ' | 10,678.10 | 10,166.90 | ' |
Ammonia | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,437.90 | 1,677.60 | 1,562.80 |
Urea | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 924.6 | 1,143.40 | 1,069.70 |
UAN | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,935.10 | 1,886.20 | 1,991.60 |
AN | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 215.1 | 222.8 | ' |
DAP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 600.6 | 794.5 | 247.5 |
MAP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 196.3 | 212.9 | 829.1 |
Potash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 256.7 |
All Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 165.1 | 166.6 | 140.5 |
Operating segments | Nitrogen | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 4,677.80 | 5,096.60 | 5,012.10 |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 2,232.50 | 2,183 | 2,448.90 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | 2,445.30 | 2,913.60 | 2,563.20 |
Depreciation, depletion and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 328.4 | 334.6 | 316.3 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 759.5 | 431.3 | 177 |
Assets | 6,913.80 | ' | ' | ' | 5,991.50 | ' | ' | ' | 6,913.80 | 5,991.50 | ' |
Operating segments | Nitrogen | Ammonia | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,437.90 | 1,677.60 | 1,562.80 |
Operating segments | Nitrogen | Urea | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 924.6 | 1,143.40 | 1,069.70 |
Operating segments | Nitrogen | UAN | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,935.10 | 1,886.20 | 1,991.60 |
Operating segments | Nitrogen | AN | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 215.1 | 222.8 | ' |
Operating segments | Nitrogen | DAP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 247.5 |
Operating segments | Nitrogen | All Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 165.1 | 166.6 | 140.5 |
Operating segments | Phosphate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 796.9 | 1,007.40 | 1,085.80 |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 722 | 807.7 | 753.4 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | 74.9 | 199.7 | 332.4 |
Depreciation, depletion and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 42.3 | 43.5 | 50.7 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 59 | 64.4 | 52 |
Assets | 817.6 | ' | ' | ' | 795.2 | ' | ' | ' | 817.6 | 795.2 | ' |
Operating segments | Phosphate | DAP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 600.6 | 794.5 | ' |
Operating segments | Phosphate | MAP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 196.3 | 212.9 | 829.1 |
Operating segments | Phosphate | Potash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 256.7 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation, depletion and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 39.9 | 41.7 | 49.2 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 5.3 | 27.8 | 18.2 |
Assets | $2,946.70 | ' | ' | ' | $3,380.20 | ' | ' | ' | $2,946.70 | $3,380.20 | ' |
Segment_Disclosures_Details_2
Segment Disclosures (Details 2) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Enterprise-wide data by geographic region | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales by geographic region (based on destination of shipments) | $1,326.30 | $1,097 | $1,714.90 | $1,336.50 | $1,481.40 | $1,359.40 | $1,735.60 | $1,527.60 | $5,474.70 | $6,104 | $6,097.90 |
Property, plant and equipment net by geographic region | 4,101.70 | ' | ' | ' | 3,900.50 | ' | ' | ' | 4,101.70 | 3,900.50 | ' |
US | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Enterprise-wide data by geographic region | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales by geographic region (based on destination of shipments) | ' | ' | ' | ' | ' | ' | ' | ' | 4,497.80 | 5,260.90 | 5,175.90 |
Property, plant and equipment net by geographic region | 3,528.80 | ' | ' | ' | 3,327.80 | ' | ' | ' | 3,528.80 | 3,327.80 | ' |
Canada | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Enterprise-wide data by geographic region | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales by geographic region (based on destination of shipments) | ' | ' | ' | ' | ' | ' | ' | ' | 508.5 | 446.4 | 492.1 |
Property, plant and equipment net by geographic region | 572.9 | ' | ' | ' | 572.7 | ' | ' | ' | 572.9 | 572.7 | ' |
Export | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Enterprise-wide data by geographic region | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales by geographic region (based on destination of shipments) | ' | ' | ' | ' | ' | ' | ' | ' | $468.40 | $396.70 | $429.90 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (KEYTRADE AG, USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
KEYTRADE AG | ' | ' | ' |
Equity method investments | ' | ' | ' |
Ownership interest (as a percent) | 50.00% | ' | ' |
Sales to related party | $423.50 | $397.40 | $396.20 |
Accounts receivable from related party | $42.20 | $17.60 | ' |
Quarterly_DataUnaudited_Detail
Quarterly Data-Unaudited (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Data-Unaudited | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $1,326.30 | $1,097 | $1,714.90 | $1,336.50 | $1,481.40 | $1,359.40 | $1,735.60 | $1,527.60 | $5,474.70 | $6,104 | $6,097.90 |
Gross margin | 593.8 | 386.1 | 865.2 | 675.1 | 656.2 | 702 | 1,043.30 | 711.8 | 2,520.20 | 3,113.30 | 2,895.60 |
Unrealized gains (losses) on derivatives | 55.8 | 15.7 | -14.4 | 8.8 | 13.1 | 39.8 | 77.6 | -55.9 | 65.9 | 74.6 | -77.3 |
Net earnings attributable to common stockholders | 325.8 | 234.1 | 498.2 | 406.5 | 470.7 | 403.3 | 606.3 | 368.4 | 1,464.60 | 1,848.70 | 1,539.20 |
Net earnings per share attributable to common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic (in dollars per share) | $5.73 | $4.09 | $8.43 | $6.53 | $7.48 | $6.43 | $9.42 | $5.62 | $24.87 | $28.94 | $22.18 |
Diluted (in dollars per share) | $5.71 | $4.07 | $8.38 | $6.47 | $7.40 | $6.35 | $9.31 | $5.54 | $24.74 | $28.59 | $21.98 |
Reduction in net sales and gross margin related to modification to CFL's selling prices | ' | ' | ' | ' | $129.70 | ' | ' | ' | ' | ' | ' |
Condensed_Consolidating_Financ2
Condensed Consolidating Financial Statements (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
item | |||||||||||
Condensed Consolidating Financial Statements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of subsidiaries of the parent that provide guarantee | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Condensed, Consolidating Statement of Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $1,326.30 | $1,097 | $1,714.90 | $1,336.50 | $1,481.40 | $1,359.40 | $1,735.60 | $1,527.60 | $5,474.70 | $6,104 | $6,097.90 |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 2,954.50 | 2,990.70 | 3,202.30 |
Gross margin | 593.8 | 386.1 | 865.2 | 675.1 | 656.2 | 702 | 1,043.30 | 711.8 | 2,520.20 | 3,113.30 | 2,895.60 |
Selling, general and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | 166 | 151.8 | 130 |
Restructuring and integration costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.4 |
Other operating - net | ' | ' | ' | ' | ' | ' | ' | ' | -15.8 | 49.1 | 20.9 |
Total other operating costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 150.2 | 200.9 | 155.3 |
Equity in earnings of operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 41.7 | 47 | 50.2 |
Operating earnings | ' | ' | ' | ' | ' | ' | ' | ' | 2,411.70 | 2,959.40 | 2,790.50 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 152.2 | 135.3 | 147.2 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | -4.7 | -4.3 | -1.7 |
Other non-operating - net | ' | ' | ' | ' | ' | ' | ' | ' | 54.5 | -1.1 | -0.6 |
Earnings before income taxes and equity in earnings of non-operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 2,209.70 | 2,829.50 | 2,645.60 |
Income tax provision (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 686.5 | 964.2 | 926.5 |
Equity in earnings (loss) of non-operating affiliates - net of taxes | ' | ' | ' | ' | ' | ' | ' | ' | 9.6 | 58.1 | 41.9 |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | 1,532.80 | 1,923.40 | 1,761 |
Less: Net earnings attributable to the noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | 68.2 | 74.7 | 221.8 |
Net earnings attributable to common stockholders | 325.8 | 234.1 | 498.2 | 406.5 | 470.7 | 403.3 | 606.3 | 368.4 | 1,464.60 | 1,848.70 | 1,539.20 |
Reportable legal entities | Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed, Consolidating Statement of Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | 2.7 | 2.5 | 3.6 |
Total other operating costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 2.7 | 2.5 | 3.6 |
Operating earnings | ' | ' | ' | ' | ' | ' | ' | ' | -2.7 | -2.5 | -3.6 |
Net (earnings) of wholly-owned subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -1,466.40 | -1,851.20 | -1,541.50 |
Earnings before income taxes and equity in earnings of non-operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 1,463.70 | 1,848.70 | 1,537.90 |
Income tax provision (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -0.9 | ' | -1.3 |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | 1,464.60 | 1,848.70 | 1,539.20 |
Net earnings attributable to common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 1,464.60 | 1,848.70 | 1,539.20 |
Reportable legal entities | CF Industries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed, Consolidating Statement of Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,105.80 | 3,747.90 | 3,585.30 |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 886 | 1,854.60 | 1,932.10 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | 219.8 | 1,893.30 | 1,653.20 |
Selling, general and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | 11.8 | 128 | 99.5 |
Restructuring and integration costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 |
Other operating - net | ' | ' | ' | ' | ' | ' | ' | ' | 7.6 | 24 | -18.9 |
Total other operating costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 19.4 | 152 | 82.6 |
Equity in earnings of operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.9 | -1.2 |
Operating earnings | ' | ' | ' | ' | ' | ' | ' | ' | 200.4 | 1,746.20 | 1,569.40 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 155.1 | 126.8 | 137.1 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | -0.9 | -1.4 | -0.7 |
Net (earnings) of wholly-owned subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -1,423 | -792.8 | -618.8 |
Other non-operating - net | ' | ' | ' | ' | ' | ' | ' | ' | -0.4 | ' | -0.1 |
Earnings before income taxes and equity in earnings of non-operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 1,469.60 | 2,413.60 | 2,051.90 |
Income tax provision (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 562.2 | 505.6 |
Equity in earnings (loss) of non-operating affiliates - net of taxes | ' | ' | ' | ' | ' | ' | ' | ' | -0.2 | -0.2 | -4.8 |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | 1,466.40 | 1,851.20 | 1,541.50 |
Net earnings attributable to common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 1,466.40 | 1,851.20 | 1,541.50 |
Reportable legal entities | Other Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed, Consolidating Statement of Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 5,767.50 | 2,514.50 | 3,013.80 |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 3,463 | 1,287.20 | 1,470.10 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | 2,304.50 | 1,227.30 | 1,543.70 |
Selling, general and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | 151.5 | 21.3 | 26.9 |
Restructuring and integration costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.4 |
Other operating - net | ' | ' | ' | ' | ' | ' | ' | ' | -23.4 | 25.1 | 39.8 |
Total other operating costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 128.1 | 46.4 | 69.1 |
Equity in earnings of operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 41.7 | 42.1 | 51.4 |
Operating earnings | ' | ' | ' | ' | ' | ' | ' | ' | 2,218.10 | 1,223 | 1,526 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -1.8 | 10.1 | 10.4 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | -4.9 | -4.5 | -1.3 |
Other non-operating - net | ' | ' | ' | ' | ' | ' | ' | ' | 54.9 | -1.1 | -0.5 |
Earnings before income taxes and equity in earnings of non-operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 2,169.90 | 1,218.50 | 1,517.40 |
Income tax provision (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 684.4 | 402 | 422.2 |
Equity in earnings (loss) of non-operating affiliates - net of taxes | ' | ' | ' | ' | ' | ' | ' | ' | 9.8 | 58.3 | 46.7 |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | 1,495.30 | 874.8 | 1,141.90 |
Less: Net earnings attributable to the noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | 72.3 | 82 | 523.1 |
Net earnings attributable to common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | 1,423 | 792.8 | 618.8 |
Eliminations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed, Consolidating Statement of Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | -1,398.60 | -158.4 | -501.2 |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | -1,394.50 | -151.1 | -199.9 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | -4.1 | -7.3 | -301.3 |
Operating earnings | ' | ' | ' | ' | ' | ' | ' | ' | -4.1 | -7.3 | -301.3 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -1.1 | -1.6 | -0.3 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 1.1 | 1.6 | 0.3 |
Net (earnings) of wholly-owned subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 2,889.40 | 2,644 | 2,160.30 |
Earnings before income taxes and equity in earnings of non-operating affiliates | ' | ' | ' | ' | ' | ' | ' | ' | -2,893.50 | -2,651.30 | -2,461.60 |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | -2,893.50 | -2,651.30 | -2,461.60 |
Less: Net earnings attributable to the noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | -4.1 | -7.3 | -301.3 |
Net earnings attributable to common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ($2,889.40) | ($2,644) | ($2,160.30) |
Condensed_Consolidating_Financ3
Condensed Consolidating Financial Statements (Details 2) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed, Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net earnings | $1,532.80 | $1,923.40 | $1,761 |
Other comprehensive income (loss) | 6.3 | 50.4 | -46.6 |
Comprehensive income | 1,539.10 | 1,973.80 | 1,714.40 |
Less: Comprehensive income attributable to noncontrolling interest | 67.5 | 75.4 | 221.2 |
Comprehensive income attributable to common stockholders | 1,471.60 | 1,898.40 | 1,493.20 |
Reportable legal entities | Parent | ' | ' | ' |
Condensed, Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net earnings | 1,464.60 | 1,848.70 | 1,539.20 |
Other comprehensive income (loss) | 7 | 49.6 | -45.9 |
Comprehensive income | 1,471.60 | 1,898.30 | 1,493.30 |
Comprehensive income attributable to common stockholders | 1,471.60 | 1,898.30 | 1,493.30 |
Reportable legal entities | CF Industries | ' | ' | ' |
Condensed, Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net earnings | 1,466.40 | 1,851.20 | 1,541.50 |
Other comprehensive income (loss) | 7 | 49.6 | -45.9 |
Comprehensive income | 1,473.40 | 1,900.80 | 1,495.60 |
Comprehensive income attributable to common stockholders | 1,473.40 | 1,900.80 | 1,495.60 |
Reportable legal entities | Other Subsidiaries | ' | ' | ' |
Condensed, Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net earnings | 1,495.30 | 874.8 | 1,141.90 |
Other comprehensive income (loss) | -40.1 | 23.6 | -37.4 |
Comprehensive income | 1,455.20 | 898.4 | 1,104.50 |
Less: Comprehensive income attributable to noncontrolling interest | 72.3 | 82 | 523.1 |
Comprehensive income attributable to common stockholders | 1,382.90 | 816.4 | 581.4 |
Eliminations | ' | ' | ' |
Condensed, Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net earnings | -2,893.50 | -2,651.30 | -2,461.60 |
Other comprehensive income (loss) | 32.4 | -72.4 | 82.6 |
Comprehensive income | -2,861.10 | -2,723.70 | -2,379 |
Less: Comprehensive income attributable to noncontrolling interest | -4.8 | -6.6 | -301.9 |
Comprehensive income attributable to common stockholders | ($2,856.30) | ($2,717.10) | ($2,077.10) |
Condensed_Consolidating_Financ4
Condensed Consolidating Financial Statements (Details 3) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Millions, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $1,710.80 | $2,274.90 | $1,207 | $797.70 |
Restricted cash | 154 | ' | ' | ' |
Accounts and notes receivable - net | 230.9 | 217.4 | ' | ' |
Inventories - net | 274.3 | 277.9 | ' | ' |
Prepaid income taxes | 33.4 | ' | ' | ' |
Deferred income taxes | 60 | 9.5 | ' | ' |
Assets held for sale | 74.3 | ' | ' | ' |
Other | 92.4 | 27.9 | ' | ' |
Total current assets | 2,630.10 | 2,807.60 | ' | ' |
Property, plant and equipment - net | 4,101.70 | 3,900.50 | ' | ' |
Asset retirement obligation funds | ' | 200.8 | ' | ' |
Investments in and advances to affiliates | 926 | 935.6 | ' | ' |
Goodwill | 2,095.80 | 2,064.50 | ' | ' |
Noncurrent assets held for sale | 679 | ' | ' | ' |
Other assets | 245.5 | 257.9 | ' | ' |
Total assets | 10,678.10 | 10,166.90 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable and notes payable and accrued expenses | 564.1 | 366.5 | ' | ' |
Income taxes payable | 73.3 | 187.1 | ' | ' |
Customer advances | 120.6 | 380.7 | ' | ' |
Notes payable | ' | 5 | ' | ' |
Distributions payable to noncontrolling interest | ' | 5.3 | 149.7 | 78 |
Liabilities held for sale | 26.8 | ' | ' | ' |
Other | 43.5 | 5.6 | ' | ' |
Total current liabilities | 828.3 | 950.2 | ' | ' |
Long-term debt | 3,098.10 | 1,600 | ' | ' |
Deferred income taxes | 833.2 | 938.8 | ' | ' |
Noncurrent liabilities held for sale | 154.5 | ' | ' | ' |
Other noncurrent liabilities | 325.6 | 395.7 | ' | ' |
Stockholders' equity: | ' | ' | ' | ' |
Preferred stock | 'Â Â | 'Â Â | ' | ' |
Common stock | 0.6 | 0.6 | ' | ' |
Paid-in capital | 1,594.30 | 2,492.40 | ' | ' |
Retained earnings | 3,725.60 | 3,461.10 | ' | ' |
Treasury stock | -201.8 | -2.3 | ' | ' |
Accumulated other comprehensive income (loss) | -42.6 | -49.6 | -99.3 | -53.3 |
Total stockholders' equity | 5,076.10 | 5,902.20 | ' | ' |
Noncontrolling interest | 362.3 | 380 | 385.9 | 383 |
Total equity | 5,438.40 | 6,282.20 | 4,932.90 | 4,433.40 |
Total liabilities and equity | 10,678.10 | 10,166.90 | ' | ' |
Reportable legal entities | Parent | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 0.1 | ' | ' | ' |
Prepaid income taxes | 0.9 | ' | ' | ' |
Total current assets | 1 | ' | ' | ' |
Investments in and advances to affiliates | 5,193.40 | 5,331.50 | ' | ' |
Due from affiliates | 570.7 | 570.7 | ' | ' |
Total assets | 5,765.10 | 5,902.20 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable and notes payable and accrued expenses | 40.6 | ' | ' | ' |
Other | 648.4 | ' | ' | ' |
Total current liabilities | 689 | ' | ' | ' |
Stockholders' equity: | ' | ' | ' | ' |
Common stock | 0.6 | 0.6 | ' | ' |
Paid-in capital | 1,594.30 | 2,492.30 | ' | ' |
Retained earnings | 3,725.60 | 3,461.20 | ' | ' |
Treasury stock | -201.8 | -2.3 | ' | ' |
Accumulated other comprehensive income (loss) | -42.6 | -49.6 | ' | ' |
Total stockholders' equity | 5,076.10 | 5,902.20 | ' | ' |
Total equity | 5,076.10 | 5,902.20 | ' | ' |
Total liabilities and equity | 5,765.10 | 5,902.20 | ' | ' |
Reportable legal entities | CF Industries | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 20.4 | 440.8 | 98.7 | 136.2 |
Accounts and notes receivable - net | 287.1 | 145.1 | ' | ' |
Income taxes receivable | ' | 642.1 | ' | ' |
Inventories - net | 3.3 | 193.1 | ' | ' |
Deferred income taxes | ' | 9.5 | ' | ' |
Assets held for sale | 68.1 | ' | ' | ' |
Other | ' | 15.4 | ' | ' |
Total current assets | 378.9 | 1,446 | ' | ' |
Property, plant and equipment - net | ' | 1,008.10 | ' | ' |
Deferred income taxes | 149.7 | 50.7 | ' | ' |
Asset retirement obligation funds | ' | 200.8 | ' | ' |
Investments in and advances to affiliates | 8,161.10 | 6,291.40 | ' | ' |
Goodwill | ' | 0.9 | ' | ' |
Noncurrent assets held for sale | 679 | ' | ' | ' |
Other assets | 60.7 | 136.5 | ' | ' |
Total assets | 9,429.40 | 9,134.40 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable and notes payable and accrued expenses | 354.2 | 222.6 | ' | ' |
Income taxes payable | 29.1 | ' | ' | ' |
Customer advances | ' | 247.9 | ' | ' |
Notes payable | ' | 900 | ' | ' |
Liabilities held for sale | 26.8 | ' | ' | ' |
Other | 0.9 | 4.5 | ' | ' |
Total current liabilities | 411 | 1,375 | ' | ' |
Long-term debt | 3,098.10 | 1,600 | ' | ' |
Due to affiliates | 572.4 | 572.5 | ' | ' |
Noncurrent liabilities held for sale | 154.5 | ' | ' | ' |
Other noncurrent liabilities | ' | 255.4 | ' | ' |
Stockholders' equity: | ' | ' | ' | ' |
Paid-in capital | -12.6 | 739.8 | ' | ' |
Retained earnings | 5,248.60 | 4,641.30 | ' | ' |
Accumulated other comprehensive income (loss) | -42.6 | -49.6 | ' | ' |
Total stockholders' equity | 5,193.40 | 5,331.50 | ' | ' |
Total equity | 5,193.40 | 5,331.50 | ' | ' |
Total liabilities and equity | 9,429.40 | 9,134.40 | ' | ' |
Reportable legal entities | Other Subsidiaries | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 1,690.30 | 1,834.10 | 1,108.30 | 661.5 |
Restricted cash | 154 | ' | ' | ' |
Accounts and notes receivable - net | 1,172.20 | 1,007.90 | ' | ' |
Inventories - net | 271 | 84.8 | ' | ' |
Prepaid income taxes | 33.4 | ' | ' | ' |
Deferred income taxes | 60 | ' | ' | ' |
Assets held for sale | 6.2 | ' | ' | ' |
Other | 92.4 | 12.5 | ' | ' |
Total current assets | 3,479.50 | 2,939.30 | ' | ' |
Property, plant and equipment - net | 4,101.70 | 2,892.40 | ' | ' |
Investments in and advances to affiliates | 925.8 | 935.2 | ' | ' |
Due from affiliates | 1.7 | 1.8 | ' | ' |
Goodwill | 2,095.80 | 2,063.60 | ' | ' |
Other assets | 184.8 | 121.4 | ' | ' |
Total assets | 10,789.30 | 8,953.70 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable and notes payable and accrued expenses | 715.9 | 159.3 | ' | ' |
Income taxes payable | 45.1 | 829.2 | ' | ' |
Customer advances | 120.6 | 132.8 | ' | ' |
Notes payable | ' | 14.6 | ' | ' |
Distributions payable to noncontrolling interest | ' | 15.7 | ' | ' |
Other | 84.9 | 1.1 | ' | ' |
Total current liabilities | 966.5 | 1,152.70 | ' | ' |
Deferred income taxes | 982.9 | 989.5 | ' | ' |
Other noncurrent liabilities | 325.6 | 140.3 | ' | ' |
Stockholders' equity: | ' | ' | ' | ' |
Preferred stock | 16.4 | 65.3 | ' | ' |
Common stock | 1.1 | 154.3 | ' | ' |
Paid-in capital | 7,823 | 4,493.60 | ' | ' |
Retained earnings | 354.5 | 1,598.30 | ' | ' |
Accumulated other comprehensive income (loss) | -43 | -2.9 | ' | ' |
Total stockholders' equity | 8,152 | 6,308.60 | ' | ' |
Noncontrolling interest | 362.3 | 362.6 | ' | ' |
Total equity | 8,514.30 | 6,671.20 | ' | ' |
Total liabilities and equity | 10,789.30 | 8,953.70 | ' | ' |
Eliminations | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Accounts and notes receivable - net | -1,228.40 | -935.6 | ' | ' |
Income taxes receivable | ' | -642.1 | ' | ' |
Prepaid income taxes | -0.9 | ' | ' | ' |
Total current assets | -1,229.30 | -1,577.70 | ' | ' |
Deferred income taxes | -149.7 | -50.7 | ' | ' |
Investments in and advances to affiliates | -13,354.30 | -11,622.50 | ' | ' |
Due from affiliates | -572.4 | -572.5 | ' | ' |
Total assets | -15,305.70 | -13,823.40 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable and notes payable and accrued expenses | -546.6 | -15.4 | ' | ' |
Income taxes payable | -0.9 | -642.1 | ' | ' |
Notes payable | ' | -909.6 | ' | ' |
Distributions payable to noncontrolling interest | ' | -10.4 | ' | ' |
Other | -690.7 | ' | ' | ' |
Total current liabilities | -1,238.20 | -1,577.50 | ' | ' |
Deferred income taxes | -149.7 | -50.7 | ' | ' |
Due to affiliates | -572.4 | -572.5 | ' | ' |
Stockholders' equity: | ' | ' | ' | ' |
Preferred stock | -16.4 | -65.3 | ' | ' |
Common stock | -1.1 | -154.3 | ' | ' |
Paid-in capital | -7,810.40 | -5,233.30 | ' | ' |
Retained earnings | -5,603.10 | -6,239.70 | ' | ' |
Accumulated other comprehensive income (loss) | 85.6 | 52.5 | ' | ' |
Total stockholders' equity | -13,345.40 | -11,640.10 | ' | ' |
Noncontrolling interest | ' | 17.4 | ' | ' |
Total equity | -13,345.40 | -11,622.70 | ' | ' |
Total liabilities and equity | ($15,305.70) | ($13,823.40) | ' | ' |
Condensed_Consolidating_Financ5
Condensed Consolidating Financial Statements (Details 4) (USD $) | 1 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Feb. 28, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Activities: | ' | ' | ' | ' |
Net earnings | ' | $1,532.80 | $1,923.40 | $1,761 |
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities | ' | ' | ' | ' |
Depreciation, depletion and amortization | ' | 410.6 | 419.8 | 416.2 |
Deferred income taxes | ' | -34.3 | -138.4 | -32.9 |
Stock compensation expense | ' | 12.6 | 11.9 | 10.6 |
Excess tax benefit from stock-based compensation | ' | -13.5 | -36.1 | -47.2 |
Unrealized loss (gain) on derivatives | ' | -59.3 | -78.8 | 77.3 |
Loss (gain) on disposal of property, plant and equipment and non-core assets | -32.5 | 5.6 | 5.5 | 8.8 |
Undistributed loss (earnings) of affiliates - net | ' | -11.3 | -14.9 | -13.5 |
Changes in: | ' | ' | ' | ' |
Accounts and notes receivable - net | ' | 0.4 | 53.2 | -35.5 |
Margin deposits | ' | ' | 0.8 | 1.4 |
Inventories-net | ' | -80.3 | 34.8 | -38.5 |
Accrued income taxes | ' | -153.4 | 58.7 | 101.6 |
Accounts and notes payable and accrued expenses | ' | 49.5 | 25.5 | 5.2 |
Customer advances | ' | -260.1 | 123.3 | -174.3 |
Other - net | ' | 67.5 | -13.1 | 38.7 |
Net cash provided by operating activities | ' | 1,466.80 | 2,375.60 | 2,078.90 |
Investing Activities: | ' | ' | ' | ' |
Additions to property, plant and equipment | ' | -823.8 | -523.5 | -247.2 |
Proceeds from sale of property, plant and equipment and non-core assets | ' | 12.6 | 17 | 54.7 |
Sales and maturities of short-term and auction rate securities | ' | 13.5 | 48.4 | 37.9 |
Canadian terminal acquisition | ' | -72.5 | ' | ' |
Deposits to restricted cash funds | ' | -154 | ' | ' |
Deposits to asset retirement obligation funds | ' | -2.9 | -55.4 | -50.4 |
Other - net | ' | 7.8 | ' | 31.2 |
Net cash used in investing activities | ' | -1,019.30 | -513.5 | -173.8 |
Financing Activities: | ' | ' | ' | ' |
Proceeds from long-term borrowings | ' | 1,498 | ' | ' |
Payments of long-term debt | ' | ' | -13 | -346 |
Advances from unconsolidated affiliates | ' | ' | 40.5 | ' |
Repayments of advances from unconsolidated affiliates | ' | ' | -40.5 | ' |
Financing fees | ' | -14.5 | ' | -1.5 |
Purchase of treasury stock | ' | -1,409.10 | -500 | -1,000.20 |
Acquisitions of noncontrolling interests in CFL | ' | -918.7 | ' | ' |
Dividends paid on common stock | ' | -129.1 | -102.7 | -68.7 |
Distributions to/from noncontrolling interest | ' | -73.7 | -231.8 | -145.7 |
Issuances of common stock under employee stock plans | ' | 10.3 | 14.6 | 15.5 |
Excess tax benefit from stock-based compensation | ' | 13.5 | 36.1 | 47.2 |
Other - net | ' | 43 | ' | ' |
Net cash used in financing activities | ' | -980.3 | -796.8 | -1,499.40 |
Effect of exchange rate changes on cash and cash equivalents | ' | -31.3 | 2.6 | 3.6 |
(Decrease) increase in cash and cash equivalents | ' | -564.1 | 1,067.90 | 409.3 |
Cash and cash equivalents at beginning of period | ' | 2,274.90 | 1,207 | 797.7 |
Cash and cash equivalents at end of period | ' | 1,710.80 | 2,274.90 | 1,207 |
Reportable legal entities | Parent | ' | ' | ' | ' |
Operating Activities: | ' | ' | ' | ' |
Net earnings | ' | 1,464.60 | 1,848.70 | 1,539.20 |
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities | ' | ' | ' | ' |
Deferred income taxes | ' | ' | ' | 2.2 |
Stock compensation expense | ' | 12.6 | 11.2 | 9.8 |
Excess tax benefit from stock-based compensation | ' | -13.5 | -36.1 | -47.2 |
Undistributed loss (earnings) of affiliates - net | ' | -1,466.40 | -1,851.20 | -1,541.50 |
Due to / from affiliates - net | ' | 13.5 | 476.7 | 975.3 |
Changes in: | ' | ' | ' | ' |
Accrued income taxes | ' | -0.9 | ' | ' |
Accounts and notes payable and accrued expenses | ' | -2.8 | ' | ' |
Other - net | ' | ' | ' | -0.3 |
Net cash provided by operating activities | ' | 7.1 | 449.3 | 937.5 |
Financing Activities: | ' | ' | ' | ' |
Purchase of treasury stock | ' | -1,409.10 | -500 | -1,000.20 |
Dividends paid on common stock | ' | -129.1 | -102.7 | -68.7 |
Issuances of common stock under employee stock plans | ' | 10.3 | 14.6 | 15.5 |
Excess tax benefit from stock-based compensation | ' | 13.5 | 36.1 | 47.2 |
Dividends to / from affiliates | ' | 859 | 102.7 | 68.7 |
Other - net | ' | 648.4 | ' | ' |
Net cash used in financing activities | ' | -7 | -449.3 | -937.5 |
(Decrease) increase in cash and cash equivalents | ' | 0.1 | ' | ' |
Cash and cash equivalents at end of period | ' | 0.1 | ' | ' |
Reportable legal entities | CF Industries | ' | ' | ' | ' |
Operating Activities: | ' | ' | ' | ' |
Net earnings | ' | 1,466.40 | 1,851.20 | 1,541.50 |
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities | ' | ' | ' | ' |
Depreciation, depletion and amortization | ' | 47.8 | 120.9 | 133.9 |
Deferred income taxes | ' | -21.3 | -130.8 | -65.6 |
Unrealized loss (gain) on derivatives | ' | ' | -68 | 66.5 |
Loss (gain) on disposal of property, plant and equipment and non-core assets | ' | ' | 2.4 | -31.9 |
Undistributed loss (earnings) of affiliates - net | ' | -1,427 | -805.9 | -915 |
Due to / from affiliates - net | ' | ' | -476.4 | -975.5 |
Changes in: | ' | ' | ' | ' |
Accounts and notes receivable - net | ' | -220.8 | -344.6 | 601.4 |
Margin deposits | ' | ' | 0.8 | 2.6 |
Inventories-net | ' | -11.8 | 24.3 | -36 |
Accrued income taxes | ' | 23.6 | -315.4 | -237.9 |
Accounts and notes payable and accrued expenses | ' | 305.4 | 597.9 | 337.5 |
Customer advances | ' | ' | 63.5 | -101.1 |
Other - net | ' | 3.9 | -28.8 | 5.6 |
Net cash provided by operating activities | ' | 166.2 | 491.1 | 326 |
Investing Activities: | ' | ' | ' | ' |
Additions to property, plant and equipment | ' | -58.9 | -339.9 | -139.9 |
Proceeds from sale of property, plant and equipment and non-core assets | ' | ' | 12.3 | 51.9 |
Sales and maturities of short-term and auction rate securities | ' | 13.5 | 48.4 | 34.8 |
Deposits to asset retirement obligation funds | ' | -2.9 | -55.4 | -50.4 |
Net cash used in investing activities | ' | -48.3 | -334.6 | -103.6 |
Financing Activities: | ' | ' | ' | ' |
Proceeds from long-term borrowings | ' | 1,498 | ' | ' |
Payments of long-term debt | ' | ' | ' | -346 |
Financing fees | ' | -14.5 | ' | -1.5 |
Acquisitions of noncontrolling interests in CFL | ' | -364.9 | ' | ' |
Dividends paid on common stock | ' | -859 | ' | ' |
Distributions to/from noncontrolling interest | ' | 14.3 | 300.5 | 153 |
Dividends to / from affiliates | ' | 129 | -102.7 | -68.7 |
Other - net | ' | -941.2 | ' | ' |
Net cash used in financing activities | ' | -538.3 | 197.8 | -263.2 |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | -12.2 | 3.3 |
(Decrease) increase in cash and cash equivalents | ' | -420.4 | 342.1 | -37.5 |
Cash and cash equivalents at beginning of period | ' | 440.8 | 98.7 | 136.2 |
Cash and cash equivalents at end of period | ' | 20.4 | 440.8 | 98.7 |
Reportable legal entities | Other Subsidiaries | ' | ' | ' | ' |
Operating Activities: | ' | ' | ' | ' |
Net earnings | ' | 1,495.30 | 874.8 | 1,141.90 |
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities | ' | ' | ' | ' |
Depreciation, depletion and amortization | ' | 362.8 | 298.9 | 282.3 |
Deferred income taxes | ' | -13 | -7.6 | 30.5 |
Stock compensation expense | ' | ' | 0.7 | 0.8 |
Unrealized loss (gain) on derivatives | ' | -59.3 | -10.8 | 10.8 |
Loss (gain) on disposal of property, plant and equipment and non-core assets | ' | 5.6 | 3.1 | 40.7 |
Undistributed loss (earnings) of affiliates - net | ' | -11.4 | -9.1 | -18.6 |
Due to / from affiliates - net | ' | -13.5 | -0.3 | 0.2 |
Changes in: | ' | ' | ' | ' |
Accounts and notes receivable - net | ' | -293.4 | -198.9 | -489.4 |
Margin deposits | ' | ' | ' | -1.2 |
Inventories-net | ' | -68.5 | 10.5 | -2.5 |
Accrued income taxes | ' | -176.1 | 374.1 | 339.5 |
Accounts and notes payable and accrued expenses | ' | 261.5 | 24.3 | -479.8 |
Customer advances | ' | -260.1 | 59.8 | -73.2 |
Other - net | ' | 63.6 | 15.7 | 33.4 |
Net cash provided by operating activities | ' | 1,293.50 | 1,435.20 | 815.4 |
Investing Activities: | ' | ' | ' | ' |
Additions to property, plant and equipment | ' | -764.9 | -183.6 | -107.3 |
Proceeds from sale of property, plant and equipment and non-core assets | ' | 12.6 | 4.7 | 2.8 |
Sales and maturities of short-term and auction rate securities | ' | ' | ' | 3.1 |
Canadian terminal acquisition | ' | -72.5 | ' | ' |
Deposits to restricted cash funds | ' | -154 | ' | ' |
Other - net | ' | 7.8 | ' | 31.2 |
Net cash used in investing activities | ' | -971 | -178.9 | -70.2 |
Financing Activities: | ' | ' | ' | ' |
Payments of long-term debt | ' | ' | -13 | ' |
Advances from unconsolidated affiliates | ' | ' | 40.5 | ' |
Repayments of advances from unconsolidated affiliates | ' | ' | -40.5 | ' |
Acquisitions of noncontrolling interests in CFL | ' | -553.8 | ' | ' |
Dividends paid on common stock | ' | -129 | ' | ' |
Distributions to/from noncontrolling interest | ' | -88 | -532.3 | -298.7 |
Other - net | ' | 335.8 | ' | ' |
Net cash used in financing activities | ' | -435 | -545.3 | -298.7 |
Effect of exchange rate changes on cash and cash equivalents | ' | -31.3 | 14.8 | 0.3 |
(Decrease) increase in cash and cash equivalents | ' | -143.8 | 725.8 | 446.8 |
Cash and cash equivalents at beginning of period | ' | 1,834.10 | 1,108.30 | 661.5 |
Cash and cash equivalents at end of period | ' | 1,690.30 | 1,834.10 | 1,108.30 |
Eliminations | ' | ' | ' | ' |
Operating Activities: | ' | ' | ' | ' |
Net earnings | ' | -2,893.50 | -2,651.30 | -2,461.60 |
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities | ' | ' | ' | ' |
Undistributed loss (earnings) of affiliates - net | ' | 2,893.50 | 2,651.30 | 2,461.60 |
Changes in: | ' | ' | ' | ' |
Accounts and notes receivable - net | ' | 514.6 | 596.7 | -147.5 |
Accounts and notes payable and accrued expenses | ' | -514.6 | -596.7 | 147.5 |
Net cash provided by operating activities | ' | 0 | ' | ' |
Financing Activities: | ' | ' | ' | ' |
Dividends paid on common stock | ' | 988 | ' | ' |
Dividends to / from affiliates | ' | -988 | ' | ' |
(Decrease) increase in cash and cash equivalents | ' | $0 | ' | ' |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | 3 Months Ended | 12 Months Ended | 2 Months Ended | ||||
Sep. 30, 2012 | Jun. 30, 2012 | Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 27, 2014 | |
Subsequent event | |||||||
Subsequent events | ' | ' | ' | ' | ' | ' | ' |
Number of shares repurchased | ' | 3,100,000 | ' | 7,340,682 | 3,062,283 | 6,515,849 | 1,200,000 |
Purchase of treasury stock value | ' | $500,000,000 | ' | $1,449,300,000 | $500,000,000 | $1,000,200,000 | $294,900,000 |
Share repurchase authorized | 3,000,000,000 | ' | 1,500,000,000 | ' | ' | ' | ' |
Total shares repurchased under program | ' | ' | ' | ' | ' | ' | 8,500,000 |
Aggregate expenditure for repurchased stock | ' | ' | ' | ' | ' | ' | $1,700,000,000 |