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Treasury Stock
6 Months Ended
Jun. 30, 2014
Treasury Stock  
Treasury Stock

14.   Treasury Stock

        In the third quarter of 2012, our Board of Directors authorized the repurchase of up to $3.0 billion of CF Holdings common stock through December 31, 2016 (the 2012 Stock Repurchase Program). Repurchases under this program were made from time to time in the open market, through privately negotiated transactions, block transactions or otherwise. The manner, timing, and amount of repurchases were determined by our management based on the evaluation of market conditions, stock price, and other factors. During 2013, we repurchased 7.3 million shares under the program for $1.4 billion. In the first quarter of 2014, we repurchased 3.2 million shares for $794.0 million and in the second quarter of 2014, we repurchased 3.1 million shares for $756.8 million. As a result of the repurchases in 2013 and the first half of 2014, we completed the 2012 Stock Repurchase Program. At June 30, 2014, we held in treasury approximately 2.5 million shares of repurchased stock.